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Report on pro-business states ranks N.Y. 30th

Rochester Business Journal
July 15, 2014

New York has received a grade of “C” for its business climate, a new report from American Economic Development Institute shows.

Corporate Top 10 Pro-Business States, co-published by AEDI and Ronald Pollina, ranked New York 30th overall among the 50 states for its labor, taxes and economic development. Utah ranked first; California ranked last.

The report looked at 32 factors controlled by state government, including taxes, human resources, education, right-to-work legislation and energy costs. New York received a grade of “F” in the categories of right-to-work, unemployment insurance, workers’ compensation, individual tax index, property tax, regulatory environment and transportation infrastructure.

New York excelled in terms of college completion, teachers’ compensation, funding for college students, business inventory tax, crime rate, long-term budget planning and economic development incentives, receiving a grade of “A” in each of those categories.

The state had received an overall grade of “D” in each of the last four years.

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.


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