NYMACC Main

Some Key Points

(paraphrased)

• NY Stock Exchange tax revenues had contributed over 20% to State budget
• Stock market downturn is "ground zero" of economic crisis
• More cutting in 2009-2010 might set us on the right path for 2011
• Governor's focus is on corporate sector workforce retention
• Offering incentives to corporations to keep them from moving out with jobs
• Tapping Federal grant matches for technology sector education
• New York City has higher unemployment rate than upstate New York