The report found that New York's 1,050,000 small businesses account for 50- percent of the state's total employment and nearly half of all business receipts.
Small business is the backbone of our economy, which is why it is vital they succeed and grow.
That is why we have pressed for and enacted tax and regulatory relief that specifically aid small businesses so they can continue to create jobs and opportunities for New Yorkers. Since 1995, Governor Pataki has proposed and enacted a broad range of tax and regulatory relief to assist small business, from the largest cuts in personal income and corporate taxes in state history to landmark regulatory reform that slashed job-crippling red tape. The study analyzed 1995 filings by companies.