Cuomo in Town, Unveils Economic Plan

September 28, 2010 Updated Sep 28, 2010 at 2:05 PM EDT

By WKBW Programming

September 28, 2010 Updated Sep 28, 2010 at 2:05 PM EDT

BUFFALO, NY (WKBW) - Democratic candidate for governor Andrew Cuomo made a stop in Buffalo Tuesday highlighting his seven-point plan to bring jobs and economic growth to the state and upstate New York.

His plan, called the 'NY Works Agenda' focuses on reducing business taxes and creating tax credits for businesses that hire unemployed New Yorkers.

Cuomo supporters were met by a large number of Paladino supporters, including the infamous duck that has been at a number of Cuomo events.

Cuomo was joined by a number of business leaders who would be part of a twenty-person economic development council should he become governor.

Cuomo's campaign team issued the following release regarding Tuesday's press conference:

Andrew Cuomo today unveiled his NY Works Agenda, a comprehensive seven-part plan to revitalize the State’s economy and get New Yorkers back to work. Cuomo announced the plan at Synacor, Inc., a global technology firm in Buffalo, where he outlined how to both revitalize and sustain New York’s economic development.

“We used to be the global economic capital, and Western New York was once the gateway to America. With my NY Works Agenda and the help of business leaders throughout Upstate, we can open New York for business once again,” Andrew Cuomo said. “Aiding business owners, retaining and creating employment opportunities, and investing in higher education are a central part of my plan to revitalize our economy. By taking the action outlined in my NY Works Agenda, we can create the jobs New Yorkers need and set our State on a path for long term prosperity.”

The NY Works Agenda focuses on aggressive business development efforts, in particular:

- NY Open for Business, an initiative that will lower the costs of doing business in New York and improve access to the State’s resources. The program will reduce taxes for new State businesses; lower New York’s high energy costs through aggressive use of efficiencies and demand side reductions; reform other cost drivers like workers’ compensation; get businesses much-needed capital; and create a new “one-stop” shop for businesses that provides access to economic incentives and reduces regulatory delays.

- Creation of regional economic development councils that will review local development plans and award the most comprehensive proposals with State funding. Led by the Mayor Robert Duffy, who will serve as Chair of the Upstate Business Advisory Council, the councils will work with public and private economic development organizations, institutions of higher education and other stakeholders, the councils will incentivize programs that:

- Get New Yorkers back to work through strategic tax credits such as the “Jobs Now” tax credit will attract new businesses that hire unemployed New Yorkers, and an expansion of the recently enacted Excelsior program; and

- Make our public and private universities jobs generators by facilitating partnerships between colleges and universities and the private sector to support an innovation economy and redesigning technical and career education and workforce development programming.
- Create the “Rebuild-NY” Infrastructure Bank to pool and invest in New York’s critical infrastructure projects that will produce jobs and improve the State’s infrastructure that hampers economic growth.

“One of the many reasons I am so pleased to work with Bob Duffy is that he understands the issues facing the Upstate economy and has a proven track record in Rochester of bringing people together in an effort to find solutions and revitalize businesses,” Cuomo added. “With his leadership, and the assistance of so many dynamic business leaders from across Upstate New York, we will continue our important dialogue about making our State the place to do business.”

“I am eager to address the economic issues facing our entire State, and in particular, serving as Chair of the Upstate regional economic councils,” Mayor Duffy said. “The challenges facing Upstate are unique and I know that Andrew Cuomo is committed to finding unique solutions to revitalize the Upstate economy.”

Republican candidate for governor Carl Paladino blasted the plan, saying in a statement that, "hiring Cuomo to create jobs is like asking a ballet dancer to do brain surgery."