The regulatory climate and the cost of doing business are two issues cited again and again by corporations as obstacles to locating in New York. Senate Majority Leader Joe Bruno recently attacked one of these issues with his proposal to eliminate the corporate utility tax. As the media noted in reporting the senator's proposal, the public at large has little sensitivity to this tax. It is accepted as a fact of life. From the corporate standpoint, the effect is far different.
Inexpensive power is an important element for the profitability of any business.
I applaud the Senator for bringing this issue to the forefront. This is the type of initiative we need, on many different fronts, to create the environment for development that will bring business to New York State.