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The Corning Area Chamber of Commerce
Do you have questions about the status of the economic conditions for New York State? … then make plans to join us for: Who: Dr. Richard Deitz, Regional Economics Officer & Chief Economist Federal Reserve Bank of NY’s Buffalo Branch What: Economic Lunch Presentation When: Wednesday, June 11, 2008 Where: Corning-Painted Post Holiday Inn Cost: Compliments of the Federal Reserve Bank of NY’s Buffalo Branch The Corning Area Chamber of Commerce is extending an invitation to Chambers of Commerce throughout the surrounding communities to join us for this timely informational luncheon discussion with Dr. Richard Deitz. Hear first-hand about the status of the economic conditions for New York State! Richard Deitz serves as Regional Economist and Chief Economist for the Federal Reserve Bank of New York’s Buffalo Branch and has been with the Branch since 1998. He provides economic analysis of upstate New York for the Federal Reserve System and often consults with state and local governments on regional economic issues. Dr. Deitz’s work has been published in various professional and academic journals, including The Journal of Urban Economics and the Federal Reserve Bank of New York’s Current Issues in Economics and Finance. He is often quoted in newspapers on both the regional and national level, including the New York Times and the Wall Street Journal, and has appeared on CNN, CNBC, and Bloomberg Television.
SAVE THIS DATE: Wednesday, June 11, 2008 NYS Business Council Updates: Rating board announces significant decrease in average workers' compensation premium, assessments Kenneth Adams appointed to board for research grants in stem cell biology Governor vetoes trial lawyer 'fishing license' bill Upstate New York suffers from lack of in-migration, study finds State Budget Division increases its estimates of state budget gaps in next three years Businesses expected to save $1 billion this year from 20 percent cut in workers' comp rates Report recommends refocusing New York's economic development programs on 'the Innovation Economy' Construction has begun on new Millennium pipeline Business Council of New York State latest news updates for July/June 2007 Statistics by region and industry Governor Spitzer, legislative leaders announce workers' comp reforms Comptroller: Costly special districts create excess government, confuse taxpayers Bruno hails contribution of small business The Public Policy Institute has updated the jobs statistics on our Web site with January numbers. They show that New York’s statewide job growth was very close to the national average over the past 12 months. Upstate’s job growth was less than half the rate of growth in New York City. The biggest job gains have been in construction and professional and business services. Statistics by region and industry: stats.pdf Updates from Albany Budget Hearings Announcement 11-2-07 The Business Council of New York State - Government Affairs Council News Updates: PPI updates Just the Facts data on job creation Senate passes major business tax relief package Council files memo in support of Senate's business tax relief package Governor Spitzer proposes $120.6 billion budget Local Corning Area Updates: Unshackle Upstate: The Corning Area Chamber of Commerce brings you an update on the most recent steps taken by the Unshackle Upstate partners to impact how Albany treats businesses throughout the region: click for here Chamber of Commerce Transportation Committee Update: Centerway Bridge Rehabilitation and Trail Project
Chamber Alliance of New York State (CANYS) Updates: U.S. Chamber of Commerce Updates: Government Affairs Council News Update The Budget Division estimates that tax provisions included in the Executive Budget will increase corporate tax collections by more than $600 million annually. The Business Council’s key concerns include ... more Trade: Progress in '06 vs. Challenges in '07 The business community will benefit from a number of important trade agreements that were passed in the 109th Congress. Last summer, Congress passed the U.S.-Oman Free Trade Agreement (FTA), which reduces tariffs on goods, and contributes to stronger relationships in the Middle East. After the November elections, the lame duck Congress passed a trade package that granted Permanent Normal Trade Relations (PNTR) to Vietnam; extended the Generalized System of Preferences (GSP) for two years; extended Trade Preferences for sub-Saharan Africa, the Andean Countries, and Haiti; and passed the Miscellaneous Tariff Bill. As a result, the U.S. will enjoy the benefits of tariff cuts with Vietnam when they join the World Trade Organization (WTO), Africa and Central America will continue to receive preferential treatment from the U.S. with regard to their exports, and more than 130 developing countries will also be given incentives. In 2007, a number of key trade issues will be decided in Congress, and each one will require grassroots support. America continues to be the most open economy in the world, with over 12 million jobs dependent on exports, and opening new markets for exports of goods, services, and agricultural products is a high U.S. Chamber priority. Issues to Watch This Year: · Peru Free Trade Agreement (FTA): Congress turns first to consideration of the U.S.-Peru FTA. The Peruvian government has already approved the Agreement. Now, the U.S. Congress must pass the bill to implement this Agreement or continue to renew one-way trade preferences with Peru. If the FTA is passed in the U.S., the import duty on U.S. exports would drop by an average of 12%. · Colombia FTA: A trade agreement between the U.S. and Colombia was signed on November 22nd by both countries, and now must be approved in both Congresses. Colombia is the biggest market in the Andean Region for U.S. exports—two-way trade between Colombia and the U.S. is $14.5 billion. · Panama FTA: In December 2006, the U.S. and Panamanian governments announced they had completed negotiations on a Trade Promotion Agreement "with the understanding that it is subject to further discussions regarding labor." Panama's average tariff of 7% on U.S. goods would be eliminated, and opportunities would be created for U.S. companies to bid on projects to upgrade the Panama Canal. · Korea FTA: Negotiations between the U.S. and Korea continue; if completed, the FTA would be the largest since NAFTA. Korea is the 7th largest consumer of U.S. goods. A Korea FTA would reduce duties on agricultural goods by an average of 52%. More than 18,000 businesses are already exporting to Korea, a majority of which are small and medium sized companies. · Malaysia FTA: Negotiations for an FTA with Malaysia have been launched but not completed. Malaysia is the largest U.S. trading partner in Southeast Asia and the 10th largest U.S. trading partner in the world. Two-way trade between the countries in 2005 surpassed $44 billion. · Trade Promotion Authority (TPA): TPA is set to expire on July 1, and the Chamber is leading the fight to renew it. TPA gives the President the authority to negotiate FTAs and put them before Congress for a straight "yes" or "no" vote. Without TPA, the Administration will be stymied in its ability to pursue and complete future trade agreements. · China: U.S. commercial and economic relations with China could fall under increased Congressional scrutiny. Legislation has been introduced regarding China's exchange rate policies and U.S. enforcement of existing trade laws. Congress will also address intellectual property infringement, subsidies on exports, and existing labor practices.
Government Affairs Updates (Advocacy) Archive
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