Press release:
The Genesee County Chamber of Commerce has reviewed Governor Cuomo's economic agenda for "Tax-Free Communities" in and around specified college and university campuses. The Genesee County Chamber of Commerce welcomes any environment that will facilitate the establishment of new long-term businesses and create more jobs while ensuring that existing businesses and jobs are likewise encouraged to thrive. This legislation has the potential to bring in businesses that otherwise might not have recognized all that Genesee County has to offer.
This endorsement is based solely on the above understanding of the legislation's purpose. Care must be taken that its actual implementation does not involve provisions, policies, or procedures that are counter to the spirit of the Bill. Not only must New York State taxpayers not be adversely affected by such legislation, but red tape, forced spending, and bureaucratic decisions would force extra costs onto the new businesses and cause them to lose the benefits that they supposedly received. Given that the Bill is designed to help startup companies begin their ventures, it is imperative that future tax savings not be offset by startup costs that would be much greater than those the company would incur in the private sector. We look forward to the time when companies can see that all of New York is open for business.
