This survey of small businesses in New York City and Northern New Jersey finds that these businesses broadly agree on the three most important factors to success: 1) Overall cost of business; 2) Proximity to clients and markets; and 3) Access to a skilled labor force. The survey also reveals that about one in seven business leaders would move for a cost savings of less than 10 percent, and about four in 10 business leaders would relocate for a cost savings of greater than 20 percent.
This testimony states that providing tax subsidies is an undesirable economic development policy that further undermines New York's competitiveness through inequity and arbitrariness.
