Tax foundation report says NY business climate nation's worst

Oct 10, 2012

Good Morning and welcome to the Wednesday Morning Mix from the Innovation Trail team.

New York's tax climate for business gets the thumbs down, but Syracuse University scores big and private enterprise keeps on chugging along.

Governor Cuomo is in the north country today checking up on the progress made their by the local Regional Economic Development Council.

Senator Chuck Schumer wants Sikorsky to vacate its facility to make way for new businesses.


Karen Dewitt reports on the state Comptroller's insights into the securities market. (WXXI)

The Tax Foundation has bestowed a dubious honor on New York state, placing it at the bottom of a scale that measures the business tax climate for fiscal year 2013. Here is a link to the full report.

Despite moderate corporate taxes, New York scores at the bottom this year by having  the worst individual income tax, the sixth worst unemployment insurance taxes, and the sixth-worst property taxes. The states in the bottom 10 suffer from the same afflictions: complex, non-neutral taxes with comparatively high rates.

The Innovation Trail's Kate O'Connell reports on the western New York photonics company who are using a National Institute of Health grant to come up with a more affordable retinal imaging camera that could revolutionize the diagnosis of major eye diseases.

Syracuse University has scored $1.9 million federal grant to help local companies develop high-tech manufacturing reports The Post-Standard.

Chuck Schumer is urging Sikorsky to hand back its Big Flats facility asap, so that other operators can be approached. (Gannett)

Mashable looks at what's happened to 10 high profile technology startups. 

RF Communications, owned by Harris Corp. and based in Rochester has a new $5.1 million contract to supply handheld radios to an unidentified member of NATO reports the RBJ.