In recent years, we’ve done a lot to make Central New York a more attractive place to do business. This year I helped craft a budget proposal that builds on this momentum by investing in programs that are proven to help business owners succeed, expand and create more good-paying jobs so that our region’s families can thrive.

Small businesses are the bedrock of our communities, providing the basic foundation for job creation and economic growth. Our budget proposal aims to strengthen this foundation by including nearly $300 million in tax cuts for small businesses. And, to help business owners keep even more of their hard-earned money, the proposal also includes a reduction in the corporate tax rate from 6.5 percent to 4 percent and increases the small business deduction for LLCs and S-corporations from 5 percent to 15 percent.

In 2015, a study conducted by the National Association of Manufacturers (NAM) and Deloitte showed 78 percent of manufacturing firms reported that a lack of skilled workers has had a negative impact on their productivity and ability to utilize new technologies.¹ Local business owners in every field – from manufacturing to health care, engineering and information technology – have expressed the same concern, and that’s why I’ve made it a priority to address the need for a well-trained workforce here in Central New York.

The Assembly budget proposal reflects our commitment to closing the middle-skills gap and preparing workers for careers in new and emerging fields by providing $12.5 million for the creation of the Empire State Apprenticeship Program, including a multi-year tax credit for employers to incentivize apprenticeships that train employees in the skills they’ll need to launch a career. The tax credit would provide $2,000 per year for each full-time apprentice employed for at least six months, with an increase of $1,000 per year as the apprentice advances in his or her training. The program would also offer grants to help small businesses and nonprofits cover the costs of apprenticeship and mentoring programs. Combining the power of education and experience, the Empire State Apprenticeship Program would clear a path to success for more hardworking New Yorkers while ensuring employers have the support they need to expand their businesses and grow our economy.

Our proposal shows just how far we’ve come in ensuring New York remains a great place to live, work and do business, but our work isn’t done. As the final budget negotiations continue, I’ll keep fighting for initiatives that support local job creation and help improve Central New York’s economic climate.

As always, I’m here to help. If you have questions or concerns about this or any other community issue, please don’t hesitate to contact me at StirpeA@assembly.state.ny.us or by calling 452-1115.

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