February 12, 2015
RE: City Council Intro. 261, legislation to ban credit checks in employment
Dear Mayor de Blasio and Council Speaker Mark-Viverito,
The New York business community is concerned about the escalation in local legislative proposals that intrude into the relationships between private sector employers and their employees when it comes to hiring, compensation and other workplace decisions. New York already has one of the nation’s most heavily regulated business environments. There will be consequences for our economy if additional legal and regulatory burdens are imposed without regard to their impact on employers.
“The high volume of affordable housing production achieved during the Koch era was the result of robust public-private partnerships. A collaborative approach is even more important today since city government has little inventory of cheap land and construction costs have skyrocketed. While it was not explicit in the Mayor’s speech, I trust his administration understands that forging partnerships with the development and financial industries is the only way to accomplish his housing goals. In terms of other plans outlined today, the five borough ferry system and acceleration of bus rapid transit are transit improvements that the Partnership has long recommended and we heartily endorse.”
“The New York State Assembly must move promptly to put leadership in place that can get a budget completed before April 1 in order to prevent further loss of confidence in our state government. It appears that Assemblyman Carl Heastie will be the next Speaker and, after many years of working closely with him on issues of importance to the business community, I believe that he will be a strong and responsible leader. Carl is not only a smart political strategist, but also understands complex fiscal and economic issues, which is a combination of qualities that prepare him well for this new role.”
“The business community applauds Governor Cuomo’s commitment to accelerate the pace and enlarge the scope of improvements in the public education system, starting with continuation of mayoral control of the city schools and including the expansion of school choice, improving teacher quality and enforcing high standards of performance. His program seeks to align the interests of students, parents, educators and employers and provides the resources required to ramp up collective efforts to ensure opportunities for all New Yorkers.”
“Governor Cuomo’s 2015 agenda focuses squarely and appropriately on jobs and education. His plan builds on the accomplishments of his first term by addressing critical business priorities including infrastructure investment, education reform, a more competitive business and tax environment, and fostering innovation. We look forward to working with the Governor to translate this agenda into action.”
“Governor Cuomo today struck a good balance with both a significant increase in the minimum wage and a reduction in the corporate tax rate on businesses with fewer than 100 employees. Over the last decade, small businesses have not scaled up in New York at the pace required to sustain economic growth, partly due to the high tax burden. The reduction in tax rates is an important step toward accelerating job creation and will help offset the payroll costs that will be incurred by employers in the small and low margin businesses that employ most minimum wage workers.” Read More →
“Governor Cuomo today named a roster of top talent for his second term, starting with Secretary Bill Mulrow, who has had a distinguished career in finance and is an alumnus of the Partnership for New York City’s David Rockefeller Fellows Program. Bill has a broad network of relationships in business and government that will certainly help the Governor advance his agenda. Bill has the knowledge required to deal with the tough economic and infrastructure issues facing New York State and will be a tremendous new resource for the Governor’s office and state agencies.”
“Following the House of Representatives’ swift vote yesterday to pass TRIA, the Senate took the right step today by passing this important piece of legislation. I want to thank Senator Schumer, Senator Gillibrand and other members of the Senate for voting for a measure that will help New York City and the country’s economy continue to grow. We now urge President Obama to sign the legislation into law as soon as possible.”
“I want to thank Speaker Boehner and the House of Representatives for displaying true bipartisanship by passing the Terrorism Risk Insurance Reauthorization Act, as well as Senator Schumer for his leadership on this issue. TRIA is important to the business community in New York City and throughout the nation as it allows employers and property owners to manage the risk of terrorism so that investments in American companies and enterprises can continue. With our economy finally starting to heat up, this critical public-private partnership arrangement makes continued growth possible. We urge the Senate to pass this important piece of legislation as swiftly as the House.”
The Partnership for New York City today delivered a letter signed by more than 60 of its members in support of Antonio Weiss’ nomination for Under Secretary for Domestic Finance. The letter was delivered to Chairman Ron Wyden and Ranking Member Orrin Hatch on the Senate Committee on Finance. It notes that Weiss is a “widely respected business leader who is known for his independence, integrity and understanding of financial markets” who has “significant financial-sector expertise” — which only a small proportion of the current senior leadership of the Treasury Department has.