Tags: New York | Andrew Cuomo | killing | fracking | jobs | creation

NY Post: State Killing Job Opportunities By Rejecting Fracking

By    |   Sunday, 12 Apr 2015 12:08 PM

The Start-Up NY program, created to promote the state and its opportunities, has already spent $28 million, but only attracted 76 new jobs, a New York Post op-ed says Sunday, for a tally of $368,000 per job, but when it comes to the fracking industry, the state's government wants no part.

"Start-Up NY sounds great on its face. It’s a tax cut," writes columnist Kyle Smith. "The problem is that it’s a very, very narrow tax cut."

And as a result, the program, which just benefits certain kinds of businesses, has had few effects and serves as a "classic example" of politicians tinkering with the economy.

"Tech jobs in university towns are great, but they aren’t defining the New York economy, Smith writes.

Meanwhile, Gov. Andrew Cuomo has killed the fracking industry and its promise of jobs, said Smith.

The Marcellus Shale region employs some 30,000 Pennsylvanians at an average wage of $62,000 a year, he notes.

"Liberal politicians lament the decline of good-paying industrial jobs for blue-collar workers, but when something comes along that sounds vaguely new and scary, their impulse is to yield to noted economists like Yoko Ono and David Letterman and ban the thing," Smith complained.

When it comes to a "high-tech, high-wage industry" that is not of the type Cuomo allows, and when people upstate ask about the jobs, he has one response, claims Smith: "Shut up, New York."

The state has some 7.75 million jobs, but Start-Up NY only has a goal of creating 2,100 jobs over the next five years, said Smith, pointing out that that results in a very low rate of job growth.

But the real problem is the state's high tax rates, Smith writes. An annual survey by TaxFoundation.org shows the state ranks as the worst for taxes, including being in 45th place for unemployment-insurance taxes, 49th in individual income taxes, and 45th for property taxes.

Several other surveys also rank the state last, including one by the Mercatus Center at George Mason University, which ranked New York last in regards to personal and economic freedoms.

The state's job requirements are also difficult, said Smith. Just to become a barber, an applicant must complete a physical, pay $40 for an apprentice license, serve a two-year apprenticeship, get another physical, apply for a license for $40, complete a state training course, and wait for official certification.

"Two years of study to learn how to operate scissors," he said. "Two years is the amount of experience Barack Obama had as a national politician before he announced he was running for president."

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The Start-Up NY program, created to promote the state and its opportunities, has already spent $28 million, but only attracted 76 new jobs, a New York Post op-ed says Sunday, for a tally of $368,000 per job, but when it comes to the fracking industry, the state's government...
New York, Andrew Cuomo, killing, fracking, jobs, creation
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2015-08-12
Sunday, 12 Apr 2015 12:08 PM
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