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Statement from Kathryn Wylde, President & CEO of the Partnership for New York City, on GE Headquarters Decision

New York’s Tax Problem

“GE’s decision to locate their headquarters in Boston, rather than returning to their roots in New York State, should be a wake-up call that New York must create a more competitive business environment if we are going to attract new jobs and remain a leading center of innovation. This means lower tax rates, fewer intrusive laws and regulations, and investment in modernizing our infrastructure. Governor Cuomo has announced his support for an aggressive program to create a better business environment but both houses of the legislature and local governments are equally important to moving this agenda forward.”