Skip to comments.Businesses are going everywhere but New York
Posted on 05/26/2014 6:13:17 AM PDT by SeekAndFind
New York is losing the battle to lure outsourced jobs now slowly trickling back to the US and more competitive regions are poaching Gothams jobs.
The tax breaks and incentives to stem New Yorks slide? Too little, too late, critics say.
If youre a businessman thinking of bringing jobs back to one of the 50 states, then New York is at the bottom of that list, said Neal Asbury, a manufacturer who grew up in Morristown, NJ, and has studied New Yorks high cost base.
You have a governor telling the world he doesnt want conservatives in his state because you have to think like him and you have a New York City mayor obsessed with raising taxes to pay for more entitlements. That is not sending a great message,
(Excerpt) Read more at nypost.com ...
Nobody goes there anymore, it’s too crowded
For those who don’t know, Asbury, is the CEO of The Legacy Companies, has already brought back from China up to 40 of his companys 300 jobs worldwide to various regions in the US. New York is not one of them.
Maybe our good friend, FReeper CNN can ask him how he did it since he’s always harping about bringing back American jobs (NOTE: He did it without the benefit of tariffs ).
There are always some VERY common-sense reasons why businesses go where they go. It's not rocket science.
RE: Nobody goes there anymore, its too crowded
Singapore is arguably more dense. But businesses flock there ( Including many ex-pat Americans who sadly, renounced their US citizenships ).
Many small business types tend to be conservative. The governor saying that conservatives are not welcome in his state is a giant red flag to stay away.
Also, New York is one of those high tax states, run by liberals. If you are a conservative leaning businessman, the last place you want to commit to, is a place where the politicos see you as a source of deep pockets, to pay ever increasing taxes to fund ever increasing intrusive government programs.
How do you expect to do business when regulators operate like Fascists in broad daylight?
SEE HERE FOR INSTANCE:
NYC bagel store fined for accidentally dropping sesame seeds on floor
THAT is just one example out of HUNDREDS.
I think the posting was a play on words; Yogi Berra supposedly made the remark, about a popular nightspot in NYC ;)
I would assume that Illinois and California would also be on the “do not inhabit” list as well.
I'd go back there in a..."New York minute,"
However, I would stay where I stayed before at the Intercontinental on 44th Street between 8th and 9th Avenues.
It's WALKING distance to, well almost everything.
I even had my nails done there...and lo and behold, all the women in there were Chinese, just like so MANY places.
They may SAY that they are from some other place, but I can always KNOW if they are Chinese or not.
The secret? The Chinese are the only folks on this planet with round nostrils. All others have non-round nostrils. One only has to get the person to "look up."
I sometimes say: "LOOK! UP IN THE SKY!! It's a bird!!! It's a plane!! NO!! It's SUPERMAN!!!
Then, I can see the shape of their nostrils. All the other Asian Orientals have nostrils shaped like everyone else on the planet, sort of oblong.
I grew up in New York and left for good in 1980.
I still have family there, and, living as I do in a more or less free state, I cannot believe how the fascist power of the state has grown over the past 34 years.
Gun control is the least of it. Do you know that of you are late with your (required) car insurance payment, there is mandatory notification from the insurer to the state, and that they can (and sometimes do) impound your car?
There are such a myriad of state-enforced dos and don’ts for every area of human activity (other than sexual), it’s hard to imagine how anyone can live there.
Not so with California.
Folks can go to the beaches in southern California OR go skiing in the mountains in the north, on the SAME day.
Now THAT is "choice."
Also, California has Hollyweird (a big draw), the Mexico crossing at Tijuana, some of the best pot in the world (in northern California since the Feds shut down their fishing and lumber industries), great fishing and great produce (Central valley)--just to name a few things.
All one needs is money. No, scratch that. Our welfare program is also HUGE.
Congrats on a very smart move on your part. I guess jobs and family are one reason folks stay in places like NY, CA, IL. We live fairly close to the CA border and I can’t believe the cost of living (if you can call it that) in CA. Fifteen hundred sq/ft house for 500K? WTH? Taxes are ridiculous. Gas prices are ridiculous. Don’t think I’ll be going there any time soon.
Having to move to NYC under De Blasio would be a complete insanity, an earthly hell for a small businessman like me.
I avoid going anywhere NEAR New York, particularly the city.
There are some good areas of NY but unfortunately it has been occupied by too many liberals.
Their campaign to draw businesses to NY by a ‘no taxes for ten years’ will not work because smart businessmen know that the far left liberals in NY will use ‘fees’ to reclaim the money they lose in ‘taxes’.
Our local health system is also RELENTLESS. It weeds out the lazy, incompetent, foolish and careless.
We have 4000 restaurants in a city of less than a million. Half of those places close every year.
Side note: more than half the closed-down restaurants are Chinese. Last month the health department closed down a very popular take-out Chinese, which got its food from its upstairs VERY popular restaurant.
They were BOTH closed down AND the place is NEVER, EVER, EVER, allowed to sell food again.
I had never seen THAT particular punishment before so the place must have been HORRIFICALLY filthy.
Sigh, it's all about money, innit?
Cleanliness COSTS and some folks are just too cheap to spend money on what they consider "unnecessary" expenditures.
I never eat Chinese any more. Even one of our close acquaintances, Chinese, won't go out to a Chinese restaurant. They are too filthy. She cooks at home.
SHE is the one who said, "Never sit at a table by the wall. You'll see the cockroaches climbing up and down. Sit in the center of the room."
Yes, it would.
The crowd is made up of those too poor to escape, and those who prey on them.
Where is Snake Plissken?
It's also very true that the software industry in Silicon Valley has been INUNDATED with Indian software engineers. THEY will work for much less, longer hours and will, without doubt, send money home to India....then eventually bring their families here. That's show biz.
Property values don't seem to go down, do they? They actually did, a TINY bit. They will increase again.
Rumor has it that Hurricane Sandy funds we used to fund the NYS Governors commercial about business returning to NY
Gov. Cuomo proposes to return $250.oo to each NYS taxpayer immediqately prior to the Govenernor's re-election campaign.
It is all 'smoke and mirrors' as this is additional debt funded by debt bonds.
Additional fees: everytime you renew your car insurance in NYS , you pay an additional $15.oo to the State for each payment.
If you pay car insurance month to month, that is an additional $180.oo per year , just to be insured .
It is the hidden fees that wear you down .. !!
I've dealt with a number of businesses in light to heavy industries that fled New York State because they say it has the highest workers' compensation insurance rates in the nation -- by a huge margin.
The saga of the GE plant in Hudson Falls and the massive clean-up costs they've been forced to pay is another case in point about why New York is such a miserable place to do business.
” Fifteen hundred sq/ft house for 500K? WTH?————”
We have that type of situation where I live in Eastern MA.
There are many characteristics of New York that make it a fascist state, but this isn't one of them. For all its flaws, New York has a reputation for having one of the most effectively regulated insurance industries in the nation -- which is why insurance companies often brag about their New York presence as a symbol of their stability.
The situation you describe isn't a symptom of a fascist state. It's a symptom of a state where insurance fraud is a major problem -- largely because it's filled with quasi-humanoid mutants who have no business living in a free, orderly society. They've figured out that an easy way to drive without insurance is to make one initial payment on an annual policy, get the insurance card to verify that they are insured, and then drive around for the rest of the year without making any more payments. The insurance company will cancel the policy, but that doesn't stop them from driving around and putting other people at risk without any insurance coverage.
I live in New York, and I used to run a business here. The income taxes are high, the sales taxes are high, the property taxes are high, the tax on gasoline is high, Worker’s Comp premiums were high. You have a ton of regulations and unions are strong here. Add to that a governor who says that being a conservative makes you unwelcome. You would have to be a fool to set up shop in New York (unless you get a massive subsidy, and even then).
Singapore is arguably more dense. But businesses flock there ( Including many ex-pat Americans who sadly, renounced their US citizenships ).
Even with the Chewing Gum Ban ,LOL
then New York is at the bottom of that list”
Not true, California is.
Without new industry, New York will need new tax revenue. The only realistic new source of revenue will be from oil drilling, which the state government will have to allow. They will have no choice.
And that will benefit the people who live upstate.
I know a guy who is buying up as much old farmland as he can.
Businesses should be very clear to the leaders of New York.
“You are a socialist. You love socialism. You think it is great and will do all sorts of idealistic wonders, even though it has never successfully done so anywhere in the world despite being tried hundreds of times. But socialism is parasitical. It sucks the vitality and prosperity out of a place and leaves ruination, poverty, despair and misery in its wake.
“Now while we cannot control or change your fantasies about a failed 19th Century philosophy, we do not wish to be victimized by it or you, just because you have no pattern recognition and mentally live in a delusional fantasy world populated by hate-filled neurotics like yourself.”
If Upstate NY was a separate state, you might see a thriving state, unfortunately itis ccontrolled by the NYC area.
It's maybe not a "great" message, but it is the "right" one.
I'm like you. I escaped in 1986 and never looked back. Heck, since my Mom died I don't even go back there for a short visit. New York (upstate, anyhow) used to be a great place to live. Now it is run by control freak Liberals. All they want to do is tax and exploit the peasantry and anybody else trying to still make an honest living.
I'm surprised they haven't put up barbed wire and guard towers to keep the few productive people who are left in there as tax slaves.
More recently Exxon has begun moving employees in several East Coast locations, including Fairfax, VA (Near Washington, DC) and Parsippany, New Jersey to a campus being constructed north of Houston, Texas. This move involves several thousand employees overall.
When the largest public oil company in the world decides to disrupt the lives of thousands of employees, it is not done lightly, but after careful analysis.
One may not approve of Exxon, but they are capable managers of their investments and operating expenses. Their moves are very telling about the state of the East Coast, and New York in particular.
I can't think of any city more dense than Washington DC.
I loved that commercial they were broadcasting recently.
At the same time the Mayor of NYC was telling conservatives to get the hell out.
Desperate Much NY?
Having a paper insurance card still ‘proves’ you have insurance in NY state? How backward! Cops here check the database. Having an insurance card means nothing.
Yup. We've been hearing those ads in Texas for quite a while. No savvy business will move there. Just wait until that ten years is over and bend over.
Even in NC. I got popped going 80 in a 65. DL was all that was needed. Registration and insurance are tied to it.
I've been looking in areas around Greenwich, CT; Tarrytown, NY and Ramsey, NJ and see endless neighborhoods of million dollar homes. I wonder how it can be that so many people can afford to live there but apparently it is being done. NYC might be on the decline but it's still the largest metro area in the country by far.
People vote with their feet... New York’s becoming a liberal hellhole. Not as bad as Detroit, but on the way...
Yep, it’s all in the database now. I’m not saying that’s a good thing but its just the way it is.
This article is sooo wrong. California is at the bottom of my list. THEN New York.
Or do the same thing California did: decide they were losing too much money with their business-friendly tax laws and pass a new law guaranteed to bring in more revenue by deciding that the current laws were too lenient and pass a newer and more restrictive taxing scheme and make it retroactive.
So all those businesses that had saved so much in less taxes over the years now found themselves liable for several years worth of 'back taxes'.
Maybe New York should institute caning and the death penalty for drug trafficking.
I get it. It’s just a shame you have to stay in a part of the country that was once the cradle of liberty, now a bastion of liberalism. I know there’s lots of folks in the northeast that, if circumstances permitted, would be long gone. Good luck with the move, house hunting and your job.
No, not any more. That’s the way it USED to be — before they had the police linked to a central insurance database. That’s kind of what the poster was complaining about, as evidence of a “fascist state.”
Not sad. America has ALWAYS been about making your own choices. They chose differently from you.
But what’s sad, is that I can understand why they gave up being US Cits. . .