Manufacturing Investment in New York State

Friday, April 04, 2014 12:00 AM | Written by Staff

TCAD President Michael Stamm joined others for a press conference in Albany to announce the result of a new study, 'Manufacturing Executives: Attitudes, Operations, Expectations & Opportunities.' The results indicate that while the manufacturing sector still finds the economic climate to be challenging, they continue to invest in capital and operation in New York State.

"Our study has indicated something we have long known: New York State manufacturers are resilient. Despite the challenging economic climate, manufacturers are seeing success and growth based on their ability to adapt. In this study, we sought to identify just what manufacturers were feeling about the economic climate, and identify how NYS should focus its attention to help grow manufacturing and our economy. Broad-based relief for manufacturers with regards to tax reduction and regulatory reform remain critical for the retention and growth in NYS of our manufacturers," said Manufacturers Alliance President Randy Wolken.

The study is part of a continued series that began in 2010, conducted by Zogby Analytics, and commissioned by a partnership between the New York State Economic Development Council (NYSEDC), chaired by TCAD President Michael Stamm, and the Manufacturers Association of Central New York (MACNY).

Also present at the event were: Senator David Valesky, Senator Tom O'Mara, Assemblyman Brian Kolb, Brian McMahon, Executive Director of the NYSEDC and Randy Wolken, President of the Manufacturers Association of Central New York (MACNY).

http://www.lansingstar.com/business-a-technology/10569-manufacturing-investment-in-new-york-state