Albany, New York, April 5, 2017 — Responding to recent reports citing population declines in most New York counties, the National Association of Insurance and Financial Advisors-New York State (NAIFA-NYS) today called upon Governor Cuomo and the legislative leaders, Senator John Flanagan and Assemblyman Carl Heastie, to immediately take up the issue of the state’s population decline as a matter of economic survival for the state’s businesses and workers. The association is advocating the creation of a commission to examine the problem and craft legislative proposals for implementation this year to address the alarming trends.
The call for action from NAIFA-NYS came in the form of a letter to the Governor, Majority Leader Flanagan, and Speaker Heastie. (Click HERE for copy of letter.)
“Despite many well-intentioned plans and programs to create jobs, New York is still suffering from a high cost of living and operating a business, excessive regulation, and confiscatory public policies that are driving people to more attractive environments,” said association president Lawrence Holzberg. “The fewer people there are to serve, the fewer business opportunities there will be and, consequently, the fewer people there will be; it is a vicious cycle that must be broken now,” he continued.
According to the U.S. Census Bureau estimates issued last month, virtually every county experienced loss of population. Further, those counties that experienced growth were found to have just modest increases. To punctuate the troubling data, whole regions, such as the Southern Tier, experienced losses.
“The old economic policy playbook has to be thrown away, and long-established approaches to growth have to be put on the shelf in favor of dramatic and game-changing approaches to sustained economic prosperity that not only keeps our people here, but attracts others to New York as well,” Holzberg said.
NAIFA-NYS is proposing a short-term commission to come up with economic initiatives that can be addressed by the Legislature during the current legislative session. “This problem cannot wait for long, drawn out analysis, or overly cautious programming. We are in crisis mode, and should respond with plans that are equal to the challenge,” Holzberg added.
The National Association of Insurance & Financial Advisors-NYS (NAIFA-NYS) represents the interests of life insurance agents and financial advisors throughout New York. It advocates for a positive legislative and regulatory environment, enhanced business and professional skills, and the ethical conduct of its members in order to protect consumers and to encourage a healthy marketplace. Further details are available at www.naifanys.org.
For more information, please contact Candace Thorson, NAIFA-NYS Deputy Executive Director, at 518-915-1661 or at email@example.com.
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