Fiscal Policy Institute of New York says affordability, not taxes, force New Yorkers out
(Credit: Courtesy Fiscal Policy Inst., 2023)
Chart of who left New York.
From a press release: In response to Mayor Eric Adams' comments today suggesting New York is losing high-income earners because of high taxes, Fiscal Policy Institute Executive Director Nathan Gusdorf issued the following statement:
"New Yorkers are leaving because the state is increasingly unaffordable — not because of taxes. The vast majority of New Yorkers who move out of state are working and middle-class — and they are leaving because the cost of living continues to rise.
"State and city fiscal policy should focus on turning New York into a place where people can afford to live and raise families — from investing in universal childcare and high-quality public education to affordable housing and reliable public transit.
“Conversely, budget cuts or underfunding will only hurt New York's recovery. Increasingly unaffordable housing and childcare, combined with shrinking state services, will continue to drive both working people and businesses out of our state."
SBA began accepting applications on Jan. 9 for Veteran Small Business Certification Program
From a press release: Today, the U.S. Small Business Administration (SBA) began accepting applications through the Veteran Small Business Certification (VetCert) program as part of the Biden-Harris Administration’s commitment to expanding access to resources for Veterans and other underserved populations. The improvements in the customer experience for Veteran entrepreneurs and business owners made by VetCert will build upon the $25 billion in government contract spending with service-disabled Veteran-owned small businesses (SDVOSBs) in Fiscal Year 2021.
"The SBA’s new Veteran small business certification program is designed with our commitment to deliver exceptional support for our skilled entrepreneurs from America’s military community,” said Administrator Isabella Casillas Guzman.
The transfer of Veteran certification responsibility from the Veterans Administration (VA) to the SBA aligns with the Biden Administration's focus on stronger interagency collaboration. The two agencies working closely together to accomplish a complex task benefits not only the Veteran community but the nation as a whole.
The SBA is implementing several improvements to streamline the certification experience for Veteran entrepreneurs. These include:
Providing Veterans with a central support platform for their small business certification needs.
Providing reciprocal certification for businesses with remaining eligibility in the women-owned small business (WOSB) and 8(a) programs.
Creating a more business-friendly approach by streamlining the application process and aligning ownership and control requirements across the VetCert, 8(a), and WOSB programs.
All changes to the certification process, along with new eligibility requirements may be viewed here.
Background on the Veteran Small Business Certification Program
To be eligible to apply for the Veteran Small Business Certification Program, an applicant must:
Be considered a small business, as defined by the size standard corresponding to any NAICS code listed in the business’s SAM profile.
Have no less than 51% of the business owned and controlled by one or more Veterans.
For certification as a SDVOSB, have no less than 51% of the business owned and controlled by one or more Veterans rated as service-disabled by VA.
For those Veterans who are permanently and totally disabled and unable to manage the daily business operations of their business, their business may still qualify if their spouse or appointed, permanent caregiver is assisting in that management.
Eligible new applicants certified by the SBA after January 1, 2023, will receive the standard three-year certification period.
Firms verified by the VA Center for Verification and Evaluation (CVE) as of January 1, 2023, are automatically granted certification by SBA for the remainder of the firm’s eligibility period. The SBA has granted a one-time, one-year extension of certification to current VOSBs and SDVOSBs. This additional year will be added to the existing eligibility period of a current participant.
[This is an extension of an earlier announcement that we posted here.]