The Bureau of Economic Analysis reported last week that New York’s economy grew by only 1.3 percent last year, trailing the 2.5 percent growth in gross domestic product for the nation as a whole. To put this in a larger context, New York ranked 37 among states in economic growth in 2012.
This is just another reminder that we have much, much more work to do in order to get Upstate New York working again.
Natural gas extraction has done wonders in Pennsylvania; according to this report moving forward with high volume hydraulic fracturing would help the Southern Tier’s economy tremendously.
So we will ask again….why not in New York?