The Business Council’s Vice President of Government Affairs recapped the end of the legislative session in Albany earlier this week on WCNY’s Capitol Pressroom with Susan Arbetter.
Among the many topics covered were how business fared this session, brownfield redevelopment, tax cuts, jobs, and the economy.
Listen to the interview on WCNY’s website (interview starts at the 37:44 mark).
Business Council member Verizon recently announced that the company spent $1.6 billion on fiber-optic and Internet Protocol-based networks in New York and Connecticut in 2013. The company said that much of the money was used to replace cables and other infrastructure that was destroyed during Superstorm Sandy.
Verizon also highlighted an agreement that it reached with New York City last year to conduct a pilot program of “microtrenching,” which enables its technicians to install fiber-optic cables in a manner that is much less disruptive to streets and sidewalks.
Kevin Service, Verizon’s president for consumer and mass business in the Northeast, said, “Our network investments in New York and Connecticut provide an engine for economic growth through our aggressive wireline and wireless networks and IT deployment. No other company is as deeply tied on a daily basis to the residents and the economy of the region as Verizon. Our advanced networks enable new businesses to grow, small businesses to percolate, give schools and educators a platform for learning, and provide families a means to connect.”
Read more about Verizon’s major wireline infrastructure programs in 2013 on Verizon’s website.
New York state Education Commissioner John King, spoke to parents, teachers and administrators in the Rochester area as part of a series of sessions on Common Core being held around the state.
According to The Rochester Democrat and Chronicle, King told the group he wanted to get feedback to make improvements moving forward but Common Core standards are here to stay.
In advance of his visit, Democrat and Chronicle staff writer Tiffany Lankes examined what the Common Core is and how it affects students.
Responding to increased pressure to delay implementation of the Common Core learning standards, The Business Council is urging businesses across the state to sign an open letter supporting Common Core State Standards as an effective means to raise college- and career-readiness in K-12 education.
You can learn more about the Common Core and sign the open letter by clicking here.
Moody’s Investors Service has changed the New York state’s outlook to positive, and affirmed the Aa2 rating on New York’s $3.5 billion of General Obligation Bonds.
According to Moody’s, the positive outlook reflects improvements in the state’s economy, governance, financial position and fiscal outlook that, if continued, would allow the state to improve its reserves and draw closer to structural balance.
Moody’s outlined various strengths and challenges for the state. It noted a broad-based, mature, and wealthy state economy that attracts a highly educated and global workforce, a strong state pension system (compared to other states) and significant “rainy day” reserves. Challenges included revenue volatility and minimal protection against it and slow economic recovery in light of the state’s unemployment rate that remained below the national average.
For the first time in six years, national job growth rates have exceeded those in New York, according to a new report on economic trends released today by New York State Comptroller Thomas P. DiNapoli.
DiNapoli’s report noted that New York added 110,000 jobs between June 2012 and 2013. New York outperformed the nation in education and health job growth, but government jobs decreased in the state by 1.1 percent. The state’s job growth rate, however, declined to 1.8 percent in 2012 from 2.1 percent in 2011.
The Middletown Times Herald-Record reports that an 300 people took part in a rally in support of the casino referendum yesterday. Several casino supporters at the event told the newspaper they believe the referendum is nothing less than a vote on the economic future of the county.
McCadam Cheese probably would have been happy with one gold medal, happier still to get two. But, the New York based cooperative swept all three of the available gold medals in the cheddar cheese categories at the 2013 New York State Fair. McCadam swept the “Aged,” “Super Aged,” and “Current” cheddar categories with its Sharp, Adirondack, and Mild Cheddar. This is the fourth consecutive year that McCadam was awarded gold in the “Aged” category.
“We are extremely honored by McCadam’s excellent showing at the New York State Fair,” says Tom Herbick, McCadam’s creamery manager. “Taking gold in each of the three cheddar categories is a mark of pride for all of the McCadam family. Our success is the product of a team of hard working men and women, from the farmers, to the plant workers, to the cheesemakers, and everyone in between.”
This is the first time McCadam has accomplished the sweep of medals since joining the Agri-Mark family in 2000. Agri-Mark is a member of The Business Council.
You can learn more about McCadam Cheese by going to their Made in New York webpage.
Business Council President and CEO Heather C. Briccetti, Esq.’s interview with Gannett Albany Bureau Chief was featured again this weekend as part of an article on Governor Cuomo’s efforts to boost the economy. If you missed the interview, you can watch it online here.
The article highlights how the Governor has made more than 75 trips to upstate and the New York City suburbs this year to promote ways to boost the economy.
In the interview, Briccetti said, that while New York has added close to a quarter million jobs, moving beyond pre-recession levels, these jobs have been added downstate, not upstate. The upstate economy has not recovered and more needs to be done to help upstate manufacturing and job growth.
A study conducted by NerdWallet.com found which states are the best for residential solar energy. All 50 states were ranked by average monthly electricity costs, quality and quantity of state economic incentives, solar insulation rating, a gauge of the sun’s strength throughout the year and state solar grid capacity. You can probably figure out which state came in first, but where does New York stand? Click here for that answer, and for the reasons why.
Watch live at noon today as Gannett New Service Bureau Chief Joe Spector interviews The Business Council of New York State President and CEO, Heather C. Briccetti, Esq. on rebuilding New York’s economy.
Watch the interview here at noon.
Gannett New Service will provide a live stream on their Gannett New York web channel that provides live coverage of Albany and business at the Capital.