It is no surprise that Gov. Andrew M. Cuomo’s Start-Up NY program has largely been a disappointment [“Shut down Start-Up NY,” Editorial, July 8]. While tax relief is certainly a component of economic development, our state’s onerous and abusive legal environment scares businesses from setting up in New York.
Taxes can be managed and planned for, but a single lawsuit can put a company out of business. According to a study by the U.S. Chamber of Commerce, companies are more likely to get sued in New York than anywhere else.
The primary reason New York businesses face a higher risk of litigation is the dominance of the trial lawyers over our state politics in Albany. Until Cuomo and the State Legislature summon the courage to take on the trial lawyers, companies around the world will continue to see New York as a hostile place to do business, no matter how much tax relief we offer.
Thomas B. Stebbins, Albany
Editor’s note: The writer is the executive director of Lawsuit Reform Alliance of New York, an advocacy organization.