Archive · 17 Sep 2025
New York Executives Decry Regulatory Burdens
Businesses in New York are worried about doing business in the state.
They're complaining about complicated rules and rising costs.
A recent survey showed most business leaders don't feel like New York's lawmakers support them.
Many executives find it difficult to get permits and licenses.
They also have trouble finding and keeping workers because of the high cost of living.
One politician running for mayor wants to raise taxes on businesses and the wealthy to pay for things like free childcare.
However, other people and politicians believe those changes will drive companies and people away from New York.
Business leaders express frustration with complex state regulations and permitting processes.
A survey found most business leaders have a negative outlook on operating in New York.
Executives cite rising costs, high taxes, and a shrinking workforce as major concerns.
The state is facing an uncertain economic climate and competition from other states.
A mayoral candidate proposes tax increases that concern business owners.
- Who
- Business leaders in New York
- What
- Expressing concerns about operating in the state
- When
- Survey released Wednesday
- Where
- New York State
- Why
- To highlight challenges and advocate for change
Advocates for Business Reform
Concerns Over Proposed Tax Hikes
Regulatory Burden
Advocates for Business Reform
Businesses want reduced red tape, simplified processes, and lower fines.
Concerns Over Proposed Tax Hikes
Some fear reforms are not possible.
Taxes and Spending
Advocates for Business Reform
Some support raising taxes on corporations and the wealthy to pay for public services.
Concerns Over Proposed Tax Hikes
Others worry that tax increases will push businesses and residents out of state.
- Survey Scope
- Over 500 NY business leaders
- Key Concerns
- Rising costs, high taxes, regulations, worker shortages
- Business Leader Perception
- 3% see regulators understanding their industries
- Worker Population Decline
- NY's working-age population fell 3.8% over a decade
- Mamdani's Plan
- Tax increase for corporations and wealthy