Supporting the Task Force on Small Businesses in Albany today, Assemblyman Joseph Saladino discussed ways to retain and expand small businesses in New York state.
"It is imperative that we do everything we can to improve New York’s small business climate," said Saladino. "Nearly 98 percent of all businesses in New York are small businesses, and nearly 52 percent of working New Yorkers are employed by small businesses. I am working to pass initiatives that support these businesses to improve our economy and create jobs that pay the salary needed to live on Long Island."
"According to the U.S. Census Bureau, businesses with less than 100 employees will soon account for 60 to 80 percent of new job growth," stated Saladino. "It is crucial that we provide our small business owners with the necessary means for them to grow and thrive in New York."
Saladino said excessive health insurance costs, oppressive government regulations and high taxes all increase the cost of doing business in New York. He noted the Assembly minority has introduced legislation that would assist small business owners throughout New York.
"We have introduced the ‘Restore New York Small Business Improvement Act of 2006,’ which includes many measures to improve our business climate. We want to increase the existing Main Street revitalization program efforts, restore a 1 percent lower tax rate for small businesses and provide a small business health insurance tax credit," said Saladino. "New York’s economy depends, in large part, on the health of its small businesses," said Saladino. "The Assembly minority conference believes that opportunities for job creation and retention are vital to our state’s economic success."
Saladino noted additional measures in the legislation would establish a small business training credit, reduce energy taxes and require timely payments of state contracts.