Assemblyman Alec Brook-Krasny: New York Businesses and Workforce Strengthened under Assembly Budget
March 13, 2007
Assemblyman Alec Brook-Krasny (D-Coney Island, Dyker Heights) said the Assembly’s budget proposal places a major emphasis on improving New York’s business climate and strengthening our regional economies. “Providing economic development initiatives is at the core of revitalizing our state’s businesses and workforce,” Assemblyman Brook-Krasny said. “The Assembly understands we need a comprehensive approach to economic development. New York has many strengths that can be utilized to jumpstart our stagnant economy and lead us along a path of stability and prosperity.” Whether it’s promoting local “mom and pop” businesses or investing in the burgeoning high-tech industry, Assemblyman Brook-Krasny said New York State needs to invest in all sectors to create good, high-paying jobs for working families. Already this year, the Assembly passed historic reforms to New York’s workers’ compensation system – a move that increases future benefits for injured workers while reducing the cost for employers. Investing in New York’s future Assemblyman Brook-Krasny said the Assembly’s budget provides a wide range of resources for economic revitalization, focusing on key initiatives including tourism, high-tech programs, affordable housing, as well as support for research and development, including stem cell research. Specifically, the Assembly’s economic development budget provides:
- More than $3.4 million in additional funding for the Urban and Community Development Program in Economically Distressed Areas, and
- $1.3 million more for the Entrepreneurial Assistance Program, which helps entrepreneurs – including women, minorities and dislocated workers – create businesses.