Cedric Glasper, President and CEO of Mechanical Rubber in Warwick attended the Manufacturing Lobby Day in Albany on Wednesday, March
6 and served as a member of the Manufacturers Association of Central New York
(MACNY) Economic Development and Taxes lobby group. This group had two objects:
supporting tax parity and opposing prevailing wage mandates.
The first, to demonstrate his support for tax parity for all
manufacturers, which would include extending to S-Corps (small to medium
manufacturers) the same tax rate reduction already granted to C-Corps (large
manufacturers) in the 2019-2020 state budget. Reducing tax rates for the
C-Corps in 2014 grew manufacturing in the state, seeing New York move to one of the Top Ten states
for manufacturing from the Bottom Ten. With the roughly two-thirds majority of
manufacturers in New York being small and medium S-Corps currently paying the
second highest income tax rate in the state, a tax reduction equivalent to the
one granted the C-Corps is expected to promote growth and expansion and keep
these businesses from moving to more tax-friendly states. According to a
September 2018 study by the Beacon Institute, extending the corporate franchise
tax rate to small and medium sized manufacturers would add 4,600 private sector
jobs the first year and cause a $118 million rise in investment.
The second objective was to voice opposition to Bill S.1947
/ A.1261 that would impose a prevailing wage mandates on private sector
construction statewide. The State Department of Labor calculated prevailing
wage, in some local labor markets, can be much higher than the typical wage.
This would make the costs of construction prohibitive in many areas of the
state and impact affordable housing, historic preservation, renewable energy
and nonprofits. The mandate would also include off-site fabrication of building
materials, which would potentially damage interstate and international
Glasper stresses the importance of manufacturers getting
involved. “It is imperative that all manufacturers speak out to make sure we
are properly represented in New
and nationally,” he said. “That shows how viable we are in our local and
regional community workforce.”
Lieutenant Governor Kathy Hochul was the Key Note Speaker at
the MACNY sponsored luncheon held at the Fort Orange Club. Besides serving as
President of the New York State Senate, Hochul is the chair of the Regional
Economic Development Council and the State Workforce Investment Board and
co-chairs the State’s Heroin and Opiod Abuse Task Force. In her address, she
stated that one of the biggest challenges to manufacturers right now is the
lack of a skilled workforce. Glasper couldn’t agree more.
“The Lt. Governor is absolutely correct,” he commented.
“It’s a very frustrating situation to be in, when you have the business, but
you don’t have the skilled labor to produce your product. I am always looking
to add workforce and enhance my team at Mechanical Rubber.”
Glasper serves as a board member on the Orange County Workforce
Investment Board, the Council of Industry of Southeast New York, and
Manufacturers Association of Central New York. He has served on the Finance and
Investment Committee for the Community Foundation of Orange and Sullivan and is
past president of the Warwick Valley Chamber of Commerce and the Greater
Greenwood Lake Revitalization Committee.
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