Assemblymember Cahill: Assembly's 'NY@Work' Plan Would Create Jobs, Help Business
Assemblymember Kevin Cahill (D - Ulster, Dutchess) announces the release of a comprehensive plan called NY@Work that would create tens of thousands of jobs, help businesses, and make New Yorkers better prepared to compete in today's high-tech economy.
"NY@Work is what our state needs to revitalize a struggling economy and meet the challenges of a changing business environment," Mr. Cahill said. "The Assembly is earmarking nearly $525 million for the plan, which will help bring a focus that has been sorely lacking under the Governor's policies to New York's economic development efforts and takes advantage of our many strengths - a strong education system, a skilled workforce, a tradition of manufacturing and diverse regional economies.
"This plan is all the more necessary because of the Governor's economic policies, which have failed for nine straight years to provide New Yorkers with a compelling vision for our economic future, not to mention a cure for our present fiscal ills," the Assemblymember said. "In fact, had the state's employment grown at the same rate as the nation between January 1995 and December 2003, New York would have created 432,900 additional jobs."
Redirecting the state's failed approach to economic development
To improve the accountability and efficiency of the state's economic development efforts, the Assembly's plan would create an Economic Policy Coordination Board to develop a long-overdue strategic plan for economic growth and oversee the state's investments in research and development projects. It will also replace the current Empire State Development Board with a new, three- member Economic Development Control Board - providing the Governor, the Assembly Speaker, and the Senate Majority Leader each with one appointed member.
Reforming the Empire Zone program
When the Empire Zone program is being run efficiently, it is an effective economic development program. Local certified businesses, like FALA Industries, Incorporated, utilize the tax breaks to expand their facilities and create job growth. "With the Zone's help, we have made an investment of over $3 million in plant upgrades and new equipment," said Frank Falatyn, President and CEO of FALA Industries, Incorporated "Since FALA's inclusion in the zone program, we have doubled our work force and expanded into new markets." Unfortunately, success stories like this are the exception and not the rule. The Assembly's plan would make major changes to improve performance, ensure appropriate oversight and management and make sure the most distressed areas of the state get the help they need.
Developing a workforce for the future
Another Assembly initiative, Expand Local Economies through Vocational and Technical Education (ELEVATE NEW YORK), will help the state invest in its workforce by:
"This program will truly elevate New York by providing job training for our future and current workforce," said Mr. Cahill. "A combination of career awareness, work experience and education is the best way to prepare people for the technological demands of the workplace."
Investing in capital projects that create jobs now and in the future
"New York is an uncontested leader when it comes to high-tech research and development, but the Governor has done a poor job turning our brain power into economic power," the Assemblymember said. "This plan would bring new research-driven technology to commercial markets and provide businesses with important capital to foster growth in biotechnology, nanotechnology and other advanced technologies to create the jobs of the future."
Supporting the manufacturing sector
Manufacturing is still a vital component of our state's economy. The Assembly's plan includes a "Make-It- Here" initiative that would focus on the small manufacturer and niche markets, support research and development alliances, assist with exporting and develop a new program called "ManuTech 2004," which helps employers adopt new technologies.
Lowering the cost of energy is vital to keeping the manufacturing sector viable. The Power for Jobs Program - first proposed by the Assembly - provides low-cost power to manufacturers. NY@Work would reform and extend the program for three years, while making key changes so it runs more efficiently.
"Some areas of New York have some of the highest energy rates in the nation," Assemblymember Cahill said. "By providing manufacturers with lower energy costs, Power for Jobs has been successful at keeping jobs here and creating new ones."
Supporting community-based economic development
The Assembly's plan recognizes the importance of community-based development and offers support to programs like the Minority and Women-Owned Business Development Lending Program and the Rural Revitalization program. It also provides the business community greater manufacturing, agricultural, small business and tourism assistance.
"Our state has a wealth of resources - both natural and human - that are simply not being used to their full potential. The failures of the current administration have cost us countless opportunities to turn our flailing economy around and to improve the lives of thousands of people. This plan makes sure that the efforts of our world- class workforce translate into a world-class economy," stated Mr. Cahill.
"The bottom line is we need economic development policies to lead New York's economy into the future and the Governor's policies have proven ill-equipped to do that," the Assemblymember said. "As much as the Governor likes to take credit for it, it was the Assembly that pushed our state forward with successful initiatives like the Empire Zone program, only to have the current administration manage it ineffectively. It's the ideas in the Assembly's plan - ideas that draw on the natural strengths of the state's varied regions - that will keep on pushing us forward."