Journal Article

Small businesses in upstate New York rank barriers to growth

Abstract: The Buffalo Branch of the Federal Reserve Bank of New York and the Center for Governmental Research (CGR) surveyed small businesses in western and central New York State. The object of the survey was to identify what small business owners perceive to be the chief barriers to the growth of their companies. We provide an overview of the survey and its findings. The barriers to growth cited in upstate New York are similar to those cited nationwide: nonwage worker costs, state and federal taxes, and energy costs. Small business owners also see several advantages to their upstate New York locations, such as low property costs and a good quality of life.

Keywords: Small business - New York (State); Economic development - New York (State); Economic conditions - New York (State); Federal Reserve District, 2nd;

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Bibliographic Information

Provider: Federal Reserve Bank of New York

Part of Series: The Regional Economy of Upstate New York

Publication Date: 2001

Issue: Win