Summary
The way to begin fixing the perennial problems of sky-high taxes, exorbitant health-care insurance costs and soaring electricity rates is for the business community to "muster the political will" for change, Adams said at the New Paltz Regional Clamber of Commerce's luncheon on Oct. 3 Adams, who described his organization as a kind of chamber of commerce for the state, discussed these issues in the context of The Business Council's first-ever economic growth index. Ulster County got an F and the state, which surpassed the national average only in growth of wages, a reflection of the high salaries in New York City, got a D. The recent reform legislation that lowered the cost of workers' compensation insurance while increasing benefits was a welcome development, saving businesses more than $1 billion in costs, Adams said.
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Extract
Dire Straits
The state's economic performance is dismal.
So said Ken Adams, president and CFO of The Business Council of New York State.Blame can't be laid on external factors, such as outsourcing, globalization and free trade, said Adams. Rather, the difficulty is ro...See the full content of this document
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