At least New York’s not last.
A survey today from the magazine Chief Executive found New York ranked second to last in the country for its business climate, outpacing only California. It’s not the first time New York has been knocked: The Tax Foundation typically puts New York as having the worst business climate in the U.S.
“New York’s taxes on the job creators is broken and taxing authorities are too bureaucratic,” said one CEO. “90 percent of our business is in New York State, so I don’t have any good feedback on other states.”
It was the ninth annual survey of CEOs across the country, and a record 736 CEOs responded this year.
The survey is another hit to New York’s efforts to rebrand itself as business friendly. In fact, Gov. Andrew Cuomo is dropping $140 million on the ubiquitous ads for his “New York State Open for Business,” marking campaign, the New York Times reported.