NY receives 2010 Gold Shovel Award

The Tax Foundation's 2010 State Business Tax Climate Index cited New York as the second worst state in the county, only above New Jersey. The report represents the tax climate of each state from the first day of fiscal year 2010 and is has five areas with a weighted value. These areas with their weight include corporate tax index at 19.74 percent, individual income tax index at 30.09 percent, sales tax index at 24.14 percent, the unemployment insurance tax index at 11.36 percent and property tax index at 14.67 percent.

Laura Magee, spokeswoman for ESD, in an email said "We believe New York State has tremendous assets, such as an educated workforce, proximity to marketplace, access to water, outstanding academic and research centers and a history of innovation that shows the promise of future growth and we believe the businesses that chose to locate and expand in New York State see that too."

Maybe there is more to marketability than just numbers, because New York seems to be expanding their business sector and the award is something they will surely boast.""

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