Governor Andrew Cuomo gave his 2014 budget presentation and discussed his plans for economic development at a special event hosted by the Westchester County Association this morning at the Westchester Marriott...
During his presentation-his only budget address to Westchester's business community-Gov. Cuomo discussed his efforts to build New York's economy and create jobs for the 21st century.
"We're thrilled to have hosted the Governor today, and look forward to collaborating with the Governor on revitalizing our economy and supporting job growth across the region, particularly in the health tech sector-a rapidly growing industry in Westchester County," said Bill Mooney, president, WCA. "He has done a tremendous job for the State of New York, and we are eager to further collaborate with him to renew economic prosperity in the region."
"The WCA has long touted providing access to high-level leaders as a benefit to its members," added Marissa Brett, WCAs executive director of economic development. "We're very excited to have created this opportunity for Westchester's business community."
The Governor's main points:
- State has held spending below 2% for three years
- State has gone from a $10 billion deficit to a $2 billion surplus
- New York State is second in job creation since the recession and has added nearly 400,000 jobs in the last three years
- Tax relief is an economic growth strategy. Proposing a state property tax credit if local governments can stay within the 2% tax cap
- Investing in education as an economic growth strategy
- 0% tax rates for new businesses through StartUp NY
Regarding the Health Tech sector, the Governor was supportive:
The Westchester region is home to a $15+ billion healthcare industry, as well as giant IBM, and a growing roster of successful tech companies and healthcare innovators of the health tech explosion. Not only is Westchester County emerging as the northeast's hub for health tech innovation, but is now considered the hottest healthcare marketplace in the United States. More.