New York Releases Plan for Expanding Innovation and Entrepreneurship

Trying to reverse a decades-long economic slump in upstate New York, state leaders are now looking at how they can support and nurture entrepreneurship in the region.

A new report, Creating a State of Innovation: Unleashing the Power of New York’s Entrepreneurial Economy recommends a number of changes in New York’s current tax rules and regulations so that they become more business-friendly. It also recommends that the state make entrepreneurial development into a core part of its economic development efforts by improving business-university collaboration and creating new networking opportunities for entrepreneurs.

It also suggests that new financing sources, such as angel investor networks, are needed to help grow new ventures in the state.

See the report at http://assembly.state.ny.us/member_files/132/20050511/report.pdf.

(Many thanks to Southern Compass for passing this along. Russ)