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Creating Jobs
Four years ago, the spirit of innovation that embodies the Empire State was being stifled by high taxes and intrusive bureaucracies. Today, that spirit is roaring back to life. George Pataki's economic policies have worked - they have sparked a renewal and a resurgence of New York's economy. In less than four years, New York's stronger economy has created more than 329,000 new private sector jobs - good jobs that give people confidence and hope for the future.
The Pataki Record on Creating Jobs:
 - New businesses and business expansions are up. In 1994, the year before Governor Pataki took office, New York had only 75 new and expanded corporate facilities. In 1997, New York had 809 -- a nearly 11-fold increase -- making us one of the best in the nation.
- Private-sector jobs are up -- by 329,900 under Governor Pataki.
- Private-sector job growth in 1997 was the best in a decade, and the trend has continued into 1998.
- Chase Manhattan Bank says that 1997 "was a good year throughout most of the Empire State." Chase goes on to say that upstate private-sector jobs reached an all-time high in the fourth quarter of 1997, and manufacturing is starting to look up again after years of decline (important durable goods manufacturing jobs are at their highest point in six years and saw their best growth in a decade).
- "If this keeps up," Chase says, "New York State may find itself moving a few notches up the national growth ladder again this year."
- Workers' Comp reforms passed in 1996 reduced costs to business by more than 25 percent, or $1 billion, while fighting fraud and improving workplace safety and health care for injured workers. Over all, workers' comp rates have fallen by more than 30 percent since 1995.
- Major companies are responding. IBM is putting a new $700 million computer chip development facility in East Fishkill, Dutchess County. It will be the world's most advanced computer chip development plant, and the largest single industrial investment in state history. It will create hundreds of jobs, and it was highlighted recently as one of the best corporate relocation deals in the country.
- Corning is investing heavily in the Southern Tier, and Fujitsu and Toshiba are also making major investments in New York.
Additional Information
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