Sunday, January 07, 2007

Business is bullish on Spitzer Survey finds many executives expect new governor to be good for region's economy

Albany TimesUnion.Com

Gov.-elect Eliot Spitzer will have a positive impact on business in the state, according to a survey of Capital Region business leaders conducted for Capitaland Quarterly by the Siena Research Institute.
"Eliot Spitzer does OK. About half think he's going to be good for business in New York," said Douglas Lonnstrom, director of the institute and a professor of statistics at Siena College in Loudonville.
They also think he'll be good for the regional economy, judging by the 130 business executives who responded to the Siena poll. "They are experts. They are CEOs, presidents, owners," Lonnstrom said.
When queried about Spitzer's impact on business, 47.7 percent of the respondents expressed confidence in the new governor. That's compared with 27.7 percent who believe he will have a negative impact and 19.2 percent who said he will have no effect.
"In public opinion polls, he's got a 77 percent approval rating. This is positive news for Spitzer when he's got nearly half of the business leaders. This is a guy who made his reputation attacking Wall Street," Lonnstrom said.
Spitzer does even better when it comes to local issues.
The business community is confident he'll follow through on the development of the Luther Forest Technology Campus in Malta and Stillwater, where Advanced Micro Devices Inc. plans to build a $3.2 billion computer chip factory.
More than 83 percent of the respondents believe Spitzer will continue to support this major industrial development in the Capital Region, which is expected to receive $1.2 billion in state incentives" Evidently the upstate business community has full faith in Spitzer's Day One and the positive spin it will have on the local economy....for the rest of this very interesting Sienna Business Survey
click here..........andy

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