Assemblyman Steve McLaughlin (R,C-Melrose) today responded to Governor Andrew Cuomo’s announcement of the Capital Region Economic Development Council (EDC) as an important step in fiscal recovery that emphasizes state and local partnerships in stimulating our economy. McLaughlin, a former small-business banking consultant and current home-mortgage specialist, was encouraged by today’s announcement but noted that Albany needs to do more to reduce regulations and sky-high taxes on small-business job creators.
“My top priority in Albany since taking office has been jobs,” said McLaughlin. “I have worked tirelessly on behalf of small businesses across Upstate to develop pro-growth policies that will create jobs, support innovation, and perhaps most importantly, engage the younger generation in entrepreneurship so that we can retain our talent and human capital. This economic development program is the support our small-business job creators need.”
McLaughlin reiterated his commitment to working for a better Upstate, with a healthy private sector as a top priority, and called for additional measures to secure long-term economic prosperity and jobs.
“While this regional council is an important first step, it cannot be the end of our efforts to support new job creation in New York State. The short-term importance of the regional council is important. However, even more focus must be placed on a long-term plan that will bring employers and jobs to Upstate. Albany must be able to create an environment which fosters sustainable economic development for future generations.”
McLaughlin also is joining his colleagues to call on Governor Cuomo to rescind the recent Unemployment Insurance (UI) Interest Assessment Surcharge imposed on all businesses by the New York State Department of Labor and refund any businesses that have paid this assessment to date. McLaughlin noted this is yet another obstacle that deters small businesses from hiring.
“This UI Assessment Interest Surcharge is yet another burden placed on employers and will stunt and slow down recent progress that has been made to improve New York’s business climate. Governor Cuomo and lawmakers need to work together to ensure that we want to keep job creators here in New York.”