Join Effort for Sensible National Immigration Reform to Help Spur Economy
Business Leaders From Dozens of Companies Join Reform Effort, Including JP Morgan Chase, Goldman Sachs, Viacom, Alcoa, Estee Lauder, Mutual Life Insurance Company, Macy’s, and McGraw-Hill
Partnership for a New American Economy Co-Chair Mayor Michael R. Bloomberg today joined News Corporation Chairman, CEO and Founder Rupert Murdoch and Partnership for New York City President Kathryn Wylde to announce that dozens of business leaders from New York City’s premier companies have joined the Partnership for a New American Economy.The bipartisan group is made up of business leaders and mayors from across the country committed to making the economic case for sensible immigration reform. Members announced today include CEOs from leading businesses in finance, fashion, manufacturing, publishing and insurance. The companies these new members run employ a combined one million peopleand help infuse over $75billion dollars back into the economy via wages paid. The Mayor was also joined by the Partnership for New York City’s two incoming Chairs, American Express Chairman and CEO Kenneth I. Chenault, and Macy’s Chairman, President and CEO Terry J. Lundgren. READ MORE »
First of its kind program will help sustain NYC’s leading role in global financial services
A consortium of banks, venture investors and technology experts today launched a competitive search for the nation’s top financial technology innovators. Winning entrepreneurs will get the chance to further develop their companies through the FinTech Innovation Lab, an annual program run by the New York City Investment Fund, the economic development arm of the nonprofit Partnership for New York City, and Accenture. READ MORE »
Chairman Hochberg discusses how Ex-Im Bank can help small businesses grow sales and profits—and how a robust export market can fuel job creation in New York and across the country READ MORE »
“Speaker Chris Quinn showed real leadership today in making the courageous decision to defend the city's small business community against another costly mandate. The vast majority of employers in New York City provide their workers with paid time off when they are ill. The Council Speaker is to be commended for carefully studying the economic consequences of legislation before taking a position. Speaker Quinn made a decision that is clearly in the best interest of the New York economy."
Partnership for a New American EconomyREAD REPORT »
A Survey of New York City Employers READ REPORT »
The Partnership for New York City today announced the selection of 18 senior business executives for the new class of David Rockefeller Fellows. Over the next year, the Fellows will be immersed in a program designed to help them become more effective business and civic leaders in the mold of David Rockefeller, the Partnership’s founder.
Every year, a new class of Fellows is nominated by CEOs who are members of the Partnership. The Fellows follow a rigorous schedule of meetings and site visits designed to provide them with an insider understanding of what makes the city tick and how they can make a difference here. As the year progresses, the Fellows form a leadership network across industries and disciplines that strengthens the fabric of the city’s business community. Last year’s class of Rockefeller Fellows met privately with Joel Klein, Jay Walder and Rupert Murdoch, and toured the World Trade Center site and Rikers Island. Nearly 275 executives have participated in the program since its inception in 1989.
“Strong leadership from the business community is critical to the future of our city,” said Kathryn Wylde, President & CEO of the Partnership for New York City. “The Fellows demonstrate diversity, talent, and dedication to our city. They will help insure that David Rockefeller’s legacy of corporate citizenship continues through future generations of New Yorkers.” READ MORE »
“To compete for this federal grant, New York State pulled together an unprecedented coalition of public, private and university institutions in New York City, Long Island and Upstate,” said Kathryn Wylde, President & CEO of the Partnership for New York City, the organization that recruited the business and real estate members of the project team. “Today’s announcement is a disappointment. But it does not change the fact that New York is in a position to lead the national effort to make buildings more energy-efficient and reduce dependence on fossil fuels. Our city and state can be a prime mover in one of the most important new global industries."
The Partnership for New York City announced it is accepting applications for $1.5 million in funding for biomedical research projects that promise to generate new businesses and jobs in the five boroughs. This is the second round of the BioAccelerate NYC Prize, a competition that provides $250,000 each to scientists at New York research institutions whose projects show the greatest promise for commercial success. READ MORE »
“The Cuomo energy plan has the right focus: the need for energy policies that reinforce job creation and economic growth. The development of new technologies through partnerships with business and universities will reduce the cost of power over the long term and stimulate business investment in New York, where energy costs are double the national average and a huge burden on business."
“The business community welcomes the certainty that comes with adoption of a state budget, with full knowledge that next year’s budget deficit will be even larger and agreement will be even more difficult to achieve.
It is disappointing that no structural budget reforms were undertaken this year, except with respect to major reform of the state’s economic development programs. The Excelsior Jobs Program is a constructive step toward making New York more competitive for private sector job creation and new business investment. Ultimately, economic growth is the only good solution to our budget crisis.
The business community is encouraged that, for the most part, the Governor and the legislature rejected significant tax increases in this budget that would have diminished the state’s ability to expand the revenue base through increased economic activity and employment.”
Good morning Chair Pinsky and directors of the New York City Industrial Development Agency. Thank you for the opportunity to testify today on the proposed amendment to Thomson Reuters’ project agreement with the IDA.READ MORE »
The only good way to end New York state's fiscal crisis is job creation and economic growth -- but much of state government doesn't seem to have gotten the message. READ MORE »
“The Mayor and City Council have taken responsible action on the budget, but it is a great concern that they have been forced to cut services and personnel while overall spending is increasing by $3.6 billion due to the growing cost of public employee pensions and health care benefits.
Clearly there is a need to move quickly to reform pension and health plans that are no longer affordable and that far exceed the benefits received by most employees in the private sector.
The Street’s fall from grace during the financial crisis has tarnished New York’s brand and stoked a Washington backlash that could slam the brakes on New York’s economic growth. No other industry can replace the high volume of good jobs, tax revenues, economic activity, philanthropy and global reach that the financial sector, anchored by dozens of powerhouse institutions, contributes to our city. We should launch an “Invest in America” campaign to win back public support for our hometown industry by demonstrating that the “new Wall Street” is not just about profits for the few, but about progress for our entire society. Opportunities include...READ MORE »
Every region of New York State has a lot to gain from Albany’s recent decision to adopt Gov. David A. Paterson’s Excelsior program, a new set of economic development incentives that reward companies for creating good jobs and expanding their business in our state.READ MORE »
“Congratulations to Governor Paterson, Speaker Silver and Democratic Conference Leader Sampson for moving forward with a new economic development strategy that promises to reverse private sector job losses and encourage new business investment in the state.
For more than two decades, New York has depended on a community revitalization strategy, known as Empire Zones, as the centerpiece of its economic development program. It did not work, especially in Central and Western New York, where subsidies went largely to real estate, utilities and retail projects rather than to growth sector, high tech industries that could bring new jobs and tax revenues to the state. New York lost tens of thousands of jobs to states with clear, as-of-right tax incentive programs along the lines of the Excelsior Program that the legislature has adopted.”
“The New York Agenda that Andrew Cuomo released with the announcement of his candidacy for governor is a courageous document. It spells out a comprehensive blueprint for putting the state back on a solid track for economic growth and fiscal responsibility – one that the business community can support with enthusiasm.”
“By launching his campaign with such a substantive publication, Andrew Cuomo demonstrates the kind of thoughtful leadership that New York desperately needs.”
“Extending the Martin Act as proposed would make New York a magnet for class action lawsuits against the companies that are the engine of our state economy. This bill would drive away current and future corporate operations and could cause the loss of thousands of jobs and millions of dollars in tax revenues.”
“There is little the State could do that would have such a negative impact on New York's ability to attract and retain business.”
The U.S. Congress is preparing to act on financial regulatory reform legislation that is intended to create a stronger, less risky banking system, provide necessary protections for the consumer, and prevent another systemic crisis. We strongly support these objectives. READ MORE »
Researchers based at Columbia, Einstein, NYU School of Medicine, and Polytechnic will help build a life sciences industry cluster that will create jobs in NYCREAD MORE »
The Partnership for New York City represents leadership of international and regional businesses that are headquartered in New York. Partnership members employ 775,000 people in New York City and contribute over $140 billion to the annual Gross City Product. READ MORE »
Thank you for the opportunity to testify today in support of Phase I of the New York State Empire State Development Corporation’s (ESDC) General Project Plan for Moynihan Station in New York City.
The Partnership for New York City represents leadership of international and regional businesses that are headquartered in New York. Our members employ 775,000 people in New York City and contribute over $140 billion to the annual Gross City Product. READ MORE »