Statement from Kathryn Wylde, President & CEO of the Partnership for New York City, on American Airlines Restructuringt

“American Airlines is a major contributor to the New York economy, helping to make this America’s top tourist destination and a global business hub. Its successful reorganization under Chapter 11 is, therefore, important to all New Yorkers and to our country’s stature in the global economy. It is in the interests of all New Yorkers that AA continues to grow, prosper and invest in its strongest markets.”

Statement from Kathryn Wylde, President & CEO of the Partnership for New York City, on Governor Cuomo's Executive Budget

“Governor Cuomo's Executive Budget reflects his pledge to restore fiscal responsibility to Albany. The innovative proposal for pension reform, allowing future public employees to opt for a defined contribution retirement plan, represents significant budget relief for city and county governments, as well as helping to contain state obligations. The commitment to resolve the standoff between school districts and the teachers' unions over the terms of teacher evaluation standards should enable the education community to get back to focusing on what happens in the classroom. The Governor's message resonates with the business community, because it contains no gimmicks and provides a clear roadmap to fiscal stability. Recognizing that economic growth is the only good solution to the state's fiscal problems, the Governor's budget commits $1.2 billion in economic development activity, with renewed funding for projects identified by the Regional Economic Development Councils as well as an accelerated infrastructure renewal program.”

Statement from Kathryn Wylde, President & CEO of the Partnership for New York City, on Mayor Bloomberg's 2012 State of the City Address

“As the Mayor's remarks made clear, New York stands out among American cities as a model of strength and vitality. The Mayor reiterated his priorities – education reform, economic growth and government efficiency – all of which are shared by the business community. His plans for 2012 build upon successes of the past decade, including diversification of the local economy and retooling the public education system.”

Statement from Kathryn Wylde, President & CEO of the Partnership for New York City, on Governor Cuomo's State of the State Address

“Governor Cuomo focused on issues most important to business - economic growth, public education, fiscal responsibility and efficiency in state government.

A new convention center in Queens, with the repurposing of the Javits Center site, is particularly important for New York City. The focus on public private partnerships to finance and develop infrastructure and the coordination of all state capital programs are other critical measures announced by the Governor today.”

Leaders of the Partnership for New York City Respond to the State's Tentative Tax Reform and Economic Development Agreement

Partnership Co-Chairs Kenneth I. Chenault and Terry J. Lundgren and President & CEO Kathryn Wylde offered the following statement in response to the tentative deal reached by the Governor and the leaders of the legislature:

“We applaud the proactive effort of the Governor and legislative leaders to get ahead of the budget crisis and offer a balanced plan that continues to reduce state spending. In particular, the decision to terminate the tax surcharge, reduce taxes for the majority of taxpayers and set up a tax commission intended to make New York State more competitive and affordable will send a message that Albany is serious about growing the economy and creating jobs.”

Kathryn Wylde discusses tax code changes on YNN's "Capital Tonight"

Kathryn Wylde discusses NYS taxes on WNYC’s on WNYC's "The Brian Lehrer Show"

Statement from Kathryn Wylde, President & CEO of the Partnership for New York City, on American Airlines' Decision to File for Reorganization Under Chapter 11

 “American Airlines is a major presence in New York City, generating thousands of jobs and billions of dollars in economic activity for the local economy. Reorganizing under Chapter 11 will create a stronger airline that is better able to compete here and across the country.”

Statement from Terry Lundgren and Ken Chenault, Co-Chairs, on Behalf of the Partnership for New York City, on the Failure of the Super Committee to Reach a Deficit Reduction Deal

 “The failure of the Joint Select Committee on Deficit Reduction is a serious disappointment. The country is resilient, but Congress has missed a huge opportunity to show leadership by its inability to come to a principled compromise and put the nation on the path to fiscal stability. The Partnership for New York City, representing many of the country’s largest employers, calls on Congress and the White House to get to work on a comprehensive deficit reduction agreement.”

Mayor Michael Bloomberg, Former Toronto Mayor David Miller, and Mexican Philanthropist Ricardo B. Salinas Pliego Make Case for an "Immigration Stimulus"

Mayor announces study on how countries around the world are exploiting obstacles created by American immigration policies to recruit the world's brightest mindsREAD MORE »

Kathryn Wylde discusses Occupy Wall Street on WNYC's "The Brian Lehrer Show"

The New York City Council and the Partnership for New York City Showcase Bioscience Advancements that will Spur Economic Development

City Council Speaker Christine Quinn addresses the NYC Emerging Technologies Summit on the importance of bioscience to future economic growthREAD MORE »

Kathryn Wylde discusses income inequality on "The Takeaway"

Statement From Kathryn Wylde, President & CEO of the Partnership for New York City, on Proposal to Reform the City’s Pension System

"It is no secret that the outdated structure of the city pension funds has contributed to fractured governance and less than stellar performance. The proposed consolidation that Controller Liu, The Bloomberg Administration and public union leadership have crafted is a great first step toward improving how the pension investment process functions and reducing the burden it puts on city taxpayers.”

Leaders of the Partnership for New York City Urge Congress to Meet the Deadline for a Deficit Reduction Plan

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Partnership Members Express Support for Applied Sciences Campus

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Statement From Kathryn Wylde, President & CEO of the Partnership for New York City, on the Relocation of NBC Sports to Connecticut

“New York is the highest cost, most heavily taxed city in the United States. This is taking a literal toll on our local economy. The 130 jobs that NBC Sports is relocating from Rockefeller Center to Stamford may not be a huge loss – especially when NBC has created more than 2,000 new jobs in the city over the past six years – but it is a distressing reminder that taxes in New York are simply not competitive with our rivals. Connecticut has built an economy with a marketing pitch that features the cost differential between the Nutmeg State and New York, particularly when it comes to income taxes.  Our tax rates on high earners, including many NBC professionals, are over 12%, compared to 6.7% in Stamford. To encourage companies to keep jobs in New York, Governor Cuomo has pledged that we will get control of costs and put a lid on taxes. A first step will be the expiration of the income tax surcharge on high earners. For those who are tempted to increase taxes in New York, NBC’s decision should be a wakeup call.”

Kathryn Wylde discusses the economy on "The Takeaway"

Letter to Congressional Leaders on the Importance of Homeland Security Funding

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Partnership for New York City Announces 2011-12 Class of David Rockefeller Fellows

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Testimony Submitted Before the Small Business Committee of the Council of the City of New York

Small Businesses in Lower Manhattan READ MORE »

Testimony Before the Port Authority on Proposed Toll and Fare Increases

Good Morning and thank you for the opportunity to testify today.

The Partnership for New York City represents the leadership of New York’s international business community. Our mission is to promote economic growth, quality infrastructure and educational excellence.  READ MORE »

Partnership for New York City President & CEO Kathryn Wylde discusses the economy on CNBC's "Markets in Turmoil"

Partnership for New York City President & CEO Kathryn Wylde discusses the city's economy on NY1's "Inside City Hall"WATCH VIDEO »

Statement From Kathryn Wylde, President & CEO of the Partnership for New York City, on the Port Authority's Proposed Toll and Fare Increases

"No one likes higher tolls, but without them, key infrastructure projects to improve how New Yorkers get around will come to an abrupt stop. Over the last decade, the Port Authority has spent more than $11 billion doing the important work of redeveloping the World Trade Center site. This has left the agency with less money for other projects. And with the federal government doing significantly less on infrastructure, this toll hike is needed to raise funds that will allow work to continue on vital projects that aim to make New York more competitive.”

Financial-Technology Entrepreneurs Present Latest Innovations to Wall Street Executives and Venture CapitalistsREAD MORE »

Kathryn Wylde, President & CEO of the Partnership for New York City, Joins Business Leaders in Urging the White House and Congress to Reach a Deal on the Debt LimitREAD MORE »

Kathryn Wylde, President & CEO of the Partnership for New York City, urges the State Legislature to approve SUNY's rational tuition plan READ LETTER »

Statement From Kathryn Wylde, President & CEO of the Partnership for New York City, on Governor Cuomo's SUNY Reform Legislation

"The Governor's bill will increase SUNY's ability to plan for its future and manage its operations. This will enhance SUNY's position as a leading public university system that can attract the most talented students.”

Statement From Kathryn Wylde, President & CEO of the Partnership for New York City, on Ethics Reformn

"Ethics reform is essential to restoring the confidence of the business community in state government. The terms of the agreement forged by the Governor and legislative leaders — particularly creation of a single ethics commission that will oversee the executive and legislative branches — are meaningful and signal a new day in Albany.”

The New York Times, Letter to the Editor: Marriage EqualityREAD MORE »

Partnership for New York City and New York City Economic Development Corporation Announce Winners of $1.25 Million BioAccelerate NYC Prize

Five researchers to each get $250,000 to turn research projects into businessesREAD MORE »

Statement From Kathryn Wylde, President & CEO of the Partnership for New York City, on the New York State Property Tax Cap Plan

"The property tax cap plan released today by the Assembly is very much in line with the plan developed by the Governor and adopted by the Senate, suggesting that there should be quick agreement on this key piece of the Governor's fiscal responsibility agenda. The bill provides for a no nonsense cap with limited exceptions that are well within the framework of reform that the business community has been calling for.

“New York City residents may think that the property tax cap does not directly affect them, but they are wrong. Skyrocketing property taxes are crushing the economies of suburban and upstate New York, leaving New York City with a disproportionate burden for producing tax revenues and economic activity to support the state. In addition, more than seventy large companies that are members of the Partnership and major employers in New York maintain operations in other parts of the state, where property taxes are a huge factor in the cost burden on business”

Statement From Kathryn Wylde, President & CEO of the Partnership for New York City, on the May 12th Demonstrations

"Organizers of today’s protest rally are seeking to blame Wall Street for a city budget that requires staff reductions and cuts in programs and services. They know that this is nonsense. In fact, New York’s financial industry has done more than any group to close the budget gap by generating tax revenues at pre-recession levels. Protesters are simply trying to divert attention from the fact that New Yorkers can no longer afford rising levels of government spending. Governor Cuomo and the State Legislature recognized this in March, when they made the hard decision to reduce the state budget. This meant less state aid for localities and resulted in the current city budget shortfall.

“Over the last decade, city spending has increased nearly 73% overall, and has grown by 108% for education. Public pension costs have increased by 519%.  Rather than take to the streets with calls for higher taxes, New Yorkers should work together to grow our economy. This is the only good solution to our budget woes.”

Analysis of Global Business Capitals Ranks NY #1 and Only Established Center to Maintain its Status in the New World Order

New York City has emerged from the global recession as number one in this year's Cities of Opportunity report, while its traditional "big four" rivals—London, Paris and Tokyo—dropped out of the top five. New York was the only traditional power center to maintain its position in the face of growing competition from emerging regional centers, which are increasingly luring talent and economic activity away from the "big four." READ MORE »

Statement from Kathryn Wylde, President & CEO of the Partnership for New York City, on the Appointment of Dennis Walcott as Schools Chancellor

"For the last nine years Dennis Walcott has led the Bloomberg Administration's efforts to overhaul the school system. His interactions with parents, elected officials and other important constituencies have made him well-known and respected in communities across the City. He is a logical choice to finish the Administration's job of improving City schools."

Top Chinese and American Executives to Participate in China-US Business Leaders Roundtable

Mayor Bloomberg appears at a series of meetings focused on encouraging New York and China-based companies to develop relationships and invest in New York READ MORE »

Statement from Kathryn Wylde, President & CEO of the Partnership for New York City, on the Passage of an On-time New York State Budget

"The Governor and State Legislature have broken out of the tax and spend pattern of more than a decade, resisting strong pressure from those who sought to preserve the failed status quo. Bipartisan support for an on-time budget that actually reduces spending and imposes discipline on state government sends a clear message that New York is on the right track for economic growth and job creation."

Statement from Kathryn Wylde, President & CEO of the Partnership for New York City, on the Budget Deal Between Governor Cuomo and the Leaders of the State Legislature

"This budget agreement marks a dramatic reversal in the tax and spend habits of Albany that drove this state to the brink of fiscal disaster. We congratulate Governor Cuomo, Senate Majority Leader Dean Skelos and Assembly Speaker Sheldon Silver for closing a $10 billion deficit without raising taxes. They have sent a clear message to employers that New York is open for business."

Testimony Submitted to the Eminent Domain Procedure Law Public Hearing

Thank you for the opportunity to submit testimony on Phase I of the redevelopment of Willets Point.

The Partnership for New York City represents leadership of international and regional businesses that are headquartered in New York. Our members employ 775,000 people in New York City and contribute over $140 billion to the annual Gross City Product. READ MORE »

Speaker Quinn, Council Members Cabrera, Koslowitz and the Partnership for New York City Launch NYC Tech Connect

Program to encourage new technology development and commercialization to support innovation economy Shari Ford Named as NYC Tech Connect Executive Director Melinda Thomas Named as First Entrepreneur-in-Residence for NYC READ MORE »

Leaders of the Partnership for New York City Respond to Governor Cuomo's Executive Budget Proposal

Partnership Co-Chairs Kenneth I. Chenault and Terry J. Lundgren and President & CEO Kathryn Wylde offered the following statement in response to Governor Andrew Cuomo's Executive Budget proposal.

"The Executive Budget released today by Governor Cuomo is true to his campaign promises.

He has made the tough choices that will insure that New York State once again can lead the nation in job creation and business investment. He has challenged Albany's tax and spend habits, reversing a pattern of that has made New York unaffordable for residents and businesses alike.

The business community is prepared to fully support the Governor in getting his budget enacted. Equally important, we are prepared to work with all New Yorkers to continue to improve education, health care and other vital public services through smarter and more efficient use of limited public resources."

Statement From Kathryn Wylde, President & CEO of the Partnership for New York City, on Property Tax Cap Vote in New York State Senate

“The Partnership for New York City applauds the State Senate for taking a stand to reduce the state's crushing tax burden.

"While New York City is not directly impacted by the property tax cap, the legislation will lead to fiscal discipline across the state – and that benefits everybody.

"For far too long, local governments have raised taxes instead of looking at making the delivery of services cheaper and more efficient.

"The property tax cap will force the state to back away from expensive mandates and job-killing regulations. This will empower New York City and allow it to create an environment that grows businesses and the local economy."