Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll...

47
Survey of Upstate New York Business Leaders Dr. Don Levy April 16, 2014 www.siena.edu/sri

Transcript of Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll...

Page 1: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Survey of Upstate New York Business Leaders

Dr. Don LevyApril 16, 2014

www.siena.edu/sri

Page 2: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Siena Research Institute

Siena Research Institute

Political

Social and Cultural

EconomicClient

Page 3: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Political Polls: Statewide Issues

*Siena Political Poll Mar 2014**Siena Political Poll Feb 2014

***Siena Political Poll Oct 2013

Politicians*

Statewide Issues

58% 34%

40% 42%

Right Track/Wrong Direction*

63% 32%

43% 53%56% 40%

Hydrofracking*

Casino Gambling***

Gun Control*

Recreational Marijuana**

46% 43%

Page 4: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Economic Polls: Indicators

Index of Consumer Sentiment

Consumer Real Estate Sentiment Upstate Business Leader Sentiment

45.0

55.0

65.0

75.0

85.0

95.0

105.0

115.0United States New York

Page 5: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Social and Cultural Polls

Civic Health Quality of Life Health: Tobacco and Public Health Issues

Leisure Time Technology

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Client Services

Page 7: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Index of Consumer Sentiment

Jan-99Jul-99Jan-00Jul-00Jan-01Jul-01Jan-02Jul-02Jan-03Jul-03Jan-04Jul-04Jan-05Jul-05Jan-06Jul-06Jan-07Jul-07Jan-08Jul-08Jan-09Jul-09Jan-10Jul-10Jan-11Jul-11Jan-12Jul-12Jan-13Jul-13Jan-14

45.0

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65.0

75.0

85.0

95.0

105.0

115.0 Index of Consumer Sentiment, U.S. and New York, 1999-Present

United States New York

Page 8: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Consumer Sentiment: Buying Plans

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*In July 2013, the wording was changed from “computer” to “consumer electronics like a personal computer, cell phone, television or tablet.

Cars/Trucks

Electronics*

Furniture

Page 9: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Home Buying/Improvement Plans

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Page 10: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Consumer Real Estate Sentiment

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13

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35.1 33.1 31.4 30.7 31.529.2

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Current Sentiment Scores2010 - 2013

Overall Current Sell Current Buy CurrentThriving

Page 11: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Economic Polls: Trends

Gas and Food

Holiday Spending

2007

2008

2009

2010

2011

2012

2013

21%

28%

30%

26%

27%

23%

28%

33%

34%

35%

38%

36%

34%

33%

13%

14%

12%

13%

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13%

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33%

23%

23%

23%

26%

29%

25%Under $300 $300 to $600 $600 to $1,000 $1,000 or more

Holiday Budgets 2007 – 2013

RecessionEffects

Is government more of the problem or more of the solution when it comes to the economic issues?

23%

13%

Solution

Don’t Know

64%

Problem

Jun-08Aug-08Oct-08Dec-08Feb-09Apr-09Jun-09Aug-09Oct-09Dec-09Feb-10Apr-10Jun-10Aug-10Oct-10Dec-10Feb-11Apr-11Jun-11Aug-11Oct-11Dec-11Feb-12Apr-12Jun-12Aug-12Oct-12Dec-12Feb-13Apr-13Jun-13Aug-13Oct-13Dec-13

30%

40%

50%

60%

70%

80%

90%

Gas Food Gas & Food

Page 12: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Fiscal Condition of New York State

Aug-08Nov-08

Feb-09

May-09Aug-09

Nov-09Feb-10

May-10Aug-10

Nov-10Feb-11

May-11Aug-11

Nov-11Feb-12

May-12Aug-12

Nov-12Feb-13

May-13Aug-13

Nov-13Feb-14

0102030405060708090

100

The Fiscal Condition of New York

Excellent/Good Fair/Poor

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Attitudes Towards Taxes and Education

Eliminating corruption in state government

15%

Working to improve public education

28%

Ensuring New York is prepared for future natural disasters

4%

Reducing the state's tax burden on middle class families

25%

Improving the state's economic climate

25%

Siena NY PollNovember 2013

Thinking about those five issues which do you think should be the MOST important item on Governor Cuomo's 'to do' list?

Page 14: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Public vs. CEO View: Making NY Business Friendly

43%

45%

12%

Succeeded Had little effect DK/No Opinion

Do you think Governor Cuomo has succeeded in creating a business climate that helps New York State businesses be more successful or have his efforts had little effect?

Thinking specifically about New York and the relationship between the state government and businesses like yours, overall would you say the government of the State of New York is doing an excellent, good, fair or poor job of creating a business climate in which companies like yours will succeed?

8%

91%

2%

Excellent/Good Fair/Poor DK/No Opinion

Public CEO

Page 15: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Is NY Business Friendly?If You Had to do it All Over Again, Would You Locate in NY or Someplace Else?

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

29% 65% 6%

New York Someplace Else Don't Know

Page 16: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Business Leader Index vs. ICS*

2007 2008 2009 2010 2011 2012 20130

20

40

60

80

100

120

78

39

8698 98

869592

70

86 86 82

10395

NYCEO ICS

*Chart includes data from statewide numbers (ICS) and compares to upstate numbers (CEO)

Page 17: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

What Is The Upstate Business Leaders Study?

SRI conducted the seventh annual Upstate New York Business Leader Survey from October 21 – December 31, 2013.

SRI mailed surveys to all private, for-profit businesses with yearly sales approaching $5 million up to $200 million according to publicly available records. The surveys could also be completed online.

The survey broke down the businesses into the following industry categories:

Service Engineering and Construction

Manufacturing Wholesale and Distribution

Retail Food and Beverage Financial

SRI interviewed 651 CEO’s (up from 592 last year) of private for profit companies in Buffalo (30%), the Capital Region (24%), Rochester (29%) and Syracuse (14%)

27% 17% 19% 15% 12% 3% 6%

Page 18: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Business Leader IndexHow is the Index Compiled?

26%

46%

29%

Industry

30%

40%

30%

Current Future

23%

44%

33% 28%

38%

34%

New York

CEO Index

Page 19: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

History of the Study

2007 2008 2009 2010 2011 20120.0

20.0

40.0

60.0

80.0

100.0

120.0

76.3

31.1

78.1

93.8 92.8

82.977.7

39.0

86.4

98.4 97.9

88.979.2

46.9

94.8

103.1 103.0

94.8

Overall Current Future

The Index ranges from an absolute low of zero to a high of 200. If equal numbers of respondents indicated “better” and “worse” on a series of questions the index would be 100. Therefore any score below 100 points demonstrates more respondents seeing and/or expecting things to worsen as opposed to improve.

Upstate New York Business Leaders Index 2007 - 2012

Page 20: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Business Leader Index: Cluster Analysis

Optimistic Business leaders in the optimistic group describe an economy in which they see improved conditions and expect better days ahead. 73% expect increasing revenues and 56% anticipate increasing profits. 63% will invest in fixed assets and 41% will enlarge their workforce.

Treading Water (Middle)Business leaders in the middle group are treading water. They tend to feel as though the economy is stable but do not anticipate improving conditions. 39% expect increasing revenues and 25% anticipate increasing profits. 53% will invest in fixed assets and 27% will enlarge their workforce.

PessimisticBusiness leaders in the pessimistic group feel as though conditions have worsened recently and expect further decline. Only 9% expect increasing revenues and 10% anticipate increasing profits. 37% will invest in fixed assets and 13% will enlarge their workforce.

31%

45%

24%

Page 21: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Business Leader Index Over Time

Page 22: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Business Leader Overall Confidence

0

20

40

60

80

100

120

94.6

113.6

100

113.8

91.495

8982.7

UpstateTotal

Industry Totals

Engi

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Food

and

Bev

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l

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Reta

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Serv

ice

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lesa

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Dis

t.

Page 23: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Expectations for Growth in NYS EconomyLooking forward from today through next year... how would you describe your expectations for the economy in NY State?

0%

5%

10%

15%

20%

25%

30%

35%

40%

30%

34%

29% 29% 28%

36%

30%28%

Engi

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Food

and

Bev

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Fina

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Man

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Reta

il

Serv

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Who

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Dis

t.

UpstateTotal

Industry Totals

Page 24: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Indices by Industry Over TimeEngineering & Construction Business Leaders Index

2008 2009 2010 2011 2012 2013Overall 41.2 84.4 98.4 87.0 86.3 113.6Current 44.6 79.2 92.6 86.1 89.9 113.6Future 37.7 89.6 104.2 88.0 82.7 113.6

Siena College Research Institute

Food & Beverage Business Leaders Index 2008 2009 2010 2011 2012 2013

Overall 28.4 65.2 90.5 91.0 94.2 100.0Current 22.7 56.5 78.6 81.9 78.3 104.8Future 34.1 73.9 102.4 100.0 110.1 95.2

Siena College Research Institute

Financial Business Leaders Index 2008 2009 2010 2011 2012 2013

Overall 38.5 88.6 113.4 109.4 93.6 113.8Current 17.3 84.1 108.3 104.7 95.7 117.1Future 59.6 93.2 118.5 114.2 91.4 110.5

Siena College Research Institute

Manufacturing Business Leaders Index 2008 2009 2010 2011 2012 2013

Overall 40.6 83.8 106.7 106.9 82.6 91.4Current 28.8 70.1 107.3 101.5 72.6 90.8Future 52.4 97.4 106.0 112.4 92.5 92.0

Siena College Research Institute

Retail Business Leaders Index 2008 2009 2010 2011 2012 2013

Overall 28.6 93.2 101.5 98.1 80.7 95.0Current 22.7 82.4 91.4 88.3 76.1 86.3Future 34.5 104.1 111.7 107.8 85.3 103.8

Siena College Research Institute

Service Business Leaders Index 2008 2009 2010 2011 2012 2013

Overall 46.5 89.7 92.9 99.4 86.9 89.0Current 35.6 85.5 91.3 93.9 81.1 88.0Future 57.4 94.0 94.5 104.8 92.7 89.9

Siena College Research Institute

Wholesale & Distribution Business Leaders Index 2008 2009 2010 2011 2012 2013

Overall 36.0 86.3 88.2 95.6 88.6 82.7Current 28.9 75.0 78.2 92.9 82.5 77.6Future 43.0 97.7 98.3 98.2 94.6 87.8

Siena College Research Institute

Page 25: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Expectations: Revenue

3%

39%

36%

18%3%

Grow substantially Grow moderately Stay about the same Decrease moderately Decrease substantially

NY Overall Results

Now thinking specifically about your company, what are your expectations for revenue through the year 2014?

Page 26: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Expectations: Profit

2%

29%

38%

26%

4%Grow substantially Grow moderately Stay about the same Decrease moderately Decrease substantially

Now thinking specifically about your company, what are your expectations for profit through the year 2014?

NY Overall Results

Page 27: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Revenue/Profitability Expectations Over Time

2007 2008 2009 2010 2011 2012 2013

0%

10%

20%

30%

40%

50%

60%

40%

21%

30% 32%30% 30% 31%

51%

26%

35%

45%

40%38%

42%

Profit Revenue

Page 28: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Expectations: Hiring

Decrease

Remain about the same

Moderately increase

Substantially increase

0% 10% 20% 30% 40% 50% 60% 70%

12%

59%

27%

1%

NY Overall Results

Page 29: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Workforce Size Expectations Over Time

2007 2008 2009 2010 2011 2012 2013

Increase 36% 19% 22% 27% 23% 27% 28%

Remain about the same 58% 61% 62% 61% 65% 58% 59%

Decrease 6% 20% 17% 12% 12% 15% 12%

5%

15%

25%

35%

45%

55%

65%

36%

19% 22%

27%23%

27% 28%

58%61% 62% 61%

65%

58% 59%

6%

20% 17%

12% 12%15%

12%

Page 30: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Expectations: Fixed Assets

NY Overall Results

Intend to Invest in Fixed Assets

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

52% 36% 12%

Yes No Don't Know

Internally generated funds Borrow from a financial institution Private equity Not sure0%

10%

20%

30%

40%

50%

60% 57%

34%

2%7%

How Will Assets be Financed

Page 31: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Business Leader Views of Local MarketAnd continuing to consider the local market, are conditions locally improving, staying the same or worsening for

businesses in your industry?

15%

56%

30%

The Wholesale and Distribution industry believes local conditions are improving the least at 6%.

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CEO Areas of Concentration

NY Overall Results

Please indicate which of the following are major areas of concentration for your firm now and through 2014:

CEO’s main area of concentration was Expansion of Existing Markets (33%)

Construction of new locations

Acquisition of new businesses

Technology innovation

Internal restructuring

New product lines

Entry into new markets

Growth in existing products

Expansion of existing markets

0% 10% 20% 30% 40% 50% 60% 70%

10%

11%

28%

28%

31%

37%

53%

61%

Page 33: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

CEO Obstacles and Challenges

NY Overall Results

Availability of equity financing

Ability to obtain suitable financing

Foreign competition

Global political instability

Risk management

Existing U.S. competition

Human resources

Energy costs

Cash flow

Rising supplier costs

Adverse economic conditions

Taxation

Governmental regulation

Health care costs

0% 10% 20% 30% 40% 50% 60% 70% 80% 90%

5%10%

12%15%

21%25%

27%31%

35%39%

55%67%

70%80%

Now thinking about other challenges that your company faces, which of the following are you concerned with:

CEO’s greatest area of concern was Government Regulation (23%)

Page 34: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

CEO Attitudes Towards Government

NY Overall Results

8%

91%

Thinking specifically about New York and the relationship between the government and businesses like yours, overall would you say the government is doing an excellent, good, fair or poor job of creating a business climate in which companies like yours will succeed?

State Government Federal Government

3%

94%

3%

Page 35: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

CEO’s single biggest issue for the Governor and Legislature to focus on is Spending Cuts (35%)

CEO Attitudes Towards Government

NY Overall Results

Of the following, what would you like to see the Governor and Legislature of New York focus on?

Don't know/Refused

(Vol) Workers compensation reform

(Vol) Reducing regulations

Increasing State Revenues through consumer oriented taxes

Other

Infrastructure Development

Ethics Reform

Business Development Incentives

Income Tax Reform

Spending Cuts

0% 10% 20% 30% 40% 50% 60% 70% 80%

1%2%

4%6%

11%32%

39%43%

69%72%

Page 36: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

CEO Attitudes Towards Government

NY Overall Results

For each of the following national proposals indicate whether you support it or oppose it?

Lessen Corporate Income Tax Deductions

Increase Federal Spending on Infrastructure

Repeal the Health Care Reform Legislation

Pass a Balanced Budget Constitutional Amendment

Reduce the Corporate Income Tax Rates

0% 10% 20% 30% 40% 50% 60% 70% 80% 90%

36%

47%

67%

78%

79%

Page 37: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

NY Overall Results

If the Tax-Free NY plan were to be implemented, what type of impact do you believe it would have on your business?

How confident are you in the ability of the government of the State of New York to improve the business climate for businesses like yours here in New York over the next year? Are you…

CEO Attitudes Towards Government

15%

48%

37%

Not at all confidentSomewhat confident

Not very confident

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

34% 11% 49%

Positive Negative No Impact

Page 38: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Workforce Supply

NY Overall Results

51%44%

5%

Yes No DK/Ref

Is there an Ample Supply of Trained Local Workers?

Page 39: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Comparison of Workforce SupplyIs there an ample supply of local workers that are appropriately trained for your employment needs?

0%

10%

20%

30%

40%

50%

60%

70%

51%

44%48%

68%

42%

54% 55% 56%

Engi

neer

ing

Food

and

Bev

erag

e

Fina

ncia

l

Man

ufac

turin

g

Reta

il

Serv

ice

Who

lesa

le &

Dis

t.

UpstateTotal

Industry Totals

Percent that Responded “YES”

Page 40: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Quality of the Workforce

NY Overall Results

Writing skills

Realistic about compensation

Initiative

Verbal skills

Work ethic

Professionalism

Technical skills

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

22%

32%

32%

36%

37%

40%

43%

72%

66%

64%

62%

60%

57%

50%

6%

3%

4%

3%

3%

3%

7%

Excellent/Good Fair/Poor N/A

Page 41: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Index of Workforce Quality Overall

10 32

Poor Fair Good Excellent

1.1

1.1

1.2

1.3

Realistic About Pay

Work Ethic

Verbal

Professionalism

1.4

1.2

.9

Technical

Writing

Initiative

Page 42: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Index of Workforce Quality

Poor0

Fair1

Good2

Excellent3

Hiring Hiring: Workforce Ample Hiring: Workforce Not Ample

Writing Skills

Initiative

Realistic About Compensation

Work Ethic

Verbal Skills

Technical Skills

Professionalism

1.01.3

0.8

1.21.7

0.9

1.21.6

1.0

1.31.7

1.0

1.31.7

1.0

1.41.9

1.0

1.41.8

1.1

Page 43: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Attitudes Towards Local Market

NY Overall Results

Which Industry Sectors Will Have a Positive Impact on Your Geographic Area?

57% 56% 43%

NY CEO’s believe the sector that will have the single greatest impact is the medical industry (29%)

38%

33% 24% 12%

Technology Medical Education Manufacturing

Tourism Green Energy Transportation

Page 44: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Attitudes Towards Local Market

NY Overall Results

Local government support for business

Area where businesses can succeed

Consumer Confidence

Transportation Infrastructure

A place consumers want to live

Suitable Workforce

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

26%

27%

28%

52%

58%

65%

73%

72%

70%

45%

41%

34%

1%

1%

2%

2%

1%

1%

Excellent/Good Fair/Poor Don't know/Refused

Page 45: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Do You Expect the Affordable Care Act to Have a Positive, Negative or No Real Impact?

Affordable Care Act

NY Overall Results

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

6% 69% 22%

Positive Negative No Impact

Page 46: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Have you made any of the following adjustments due to the Affordable Care Act?

Affordable Care Act

NY Overall Results

Increasing benefits to retain employees

Reducing the number of hours current employees work

Hiring more part-time employees

Offering defined contribution health insurance

Decreasing benefits to cut costs

0% 5% 10% 15% 20% 25% 30% 35%

7%

18%

24%

28%

32%

Page 47: Political Social and Cultural Economic Client *Siena Political Poll Mar 2014 **Siena Political Poll Feb 2014 ***Siena Political Poll Oct 2013 *Siena.

Takeaways Panic is Over, NY is “Open for Business”

But, CEO’s ‘won’t get fooled again.’

2014: Slow cautious growth overall. Most optimistic poised to take off

Expect increasing revenues and profits with moderate investment

Soft Consumer Sentiment

Expect increasing revenues and profits with moderate investment

PROBLEMS

Sorting through the Affordable Care Act

Soft Consumer SentimentExpect

Growth in and related to Medical

Concentrate on Tech growth

Soft Consumer SentimentWill the Workforce be There?

Partner with Higher, Secondary Education to prepare workers of tomorrow

Combat Brain Drain with Quality of Life and the Quality of Local Opportunity

Lessening regulation?