Business consulting principal Gene Marks is a quite busy commentator on commercial matters for mainstream print and on-air media outlets nationally.
One prominent spotlight for Marks is New York City, specifically the metro’s economic scene and its continued viability as the country’s most dynamic and lucrative urban center.
Marks penned an article recently for the political/business publication The Hill that addressed New York’s regulatory climate and its effects on small businesses.
For starters, notes Marks, government involvement with NYC’s established companies and ever-emerging entrepreneurial startups occurs pursuant to a “booming” economy. And he readily concedes the salutary effects ensuing for a vast metro that has “a much larger pool of potential customers” than any of its counterparts across the country.
At the same time, though, Marks underscores what he posits is a real challenge for NYC’s continued business growth and vitality, namely, overly intrusive local and state government involvement in commercial affairs.
Marks puts that succinctly. He states that “regulations are slowly but surely strangling small-business owners in the city.”
That is merely an opinion, of course, but it is certainly echoed by criticisms from others who also point to regulatory controls that impact business owners. Input from Marks and other anti-regulation voices commonly stresses things like NYC policies on paid sick/family leave and proposals for mandated vacation days. Minimum wage controls also receive barbed comment.
Marks says that, all things considered, “I’m grateful I’m running my business in Philly.”
Candidly, and notwithstanding the inevitable regulatory input that affects businesses everywhere, legions of small business owners and entrepreneurs profiting substantially across the NYC metro express the same sentiment concerning their selected locale.
That is, they wouldn’t want to be situated anywhere other than New York City.