Local Entrepreneur and Councilman Candidate urges lower taxes, better business etiquette
In a time when stimulating the economy and attracting businesses are the topic of much debate, the best answers can be given by those most experienced in creating jobs and sustaining growth. Therefore, when the New York State Senate Republican Program Development Committee chose to host the first of a series of hearings to develop an economic action plan in Yorktown Heights, local business owner Dr. Terrence Murphy was asked to give testimony on behalf of his fellow residents to offer several of his own common sense solutions towards getting the local economy back on track.
“I have lived in this town my entire life and can tell you first hand Mom and Pop shops like mine have been the life blood Yorktown has lived off of,” Murphy said. “Operating in the number one taxed county in the nation seriously threatens these establishments and prevents new ones from emerging.”
Dr. Murphy offered two ideas to strengthen existing and welcome new small and medium enterprises in Yorktown.
“Through my fourteen year experience as a small business owner here in Yorktown I see two common sense solutions,” Murphy stated at the hearing in the Mercy College auditorium. “First, we need to reverse the direction our taxes have been going. Lowering taxes on the county and town level will allow small businessmen and women the opportunity to live their dreams of owning their own establishments in addition to sustaining already existing businesses. Second, all levels of government need to lift the numerous obstacles already in place and welcome new businesses. This begins by improving our business etiquette. It is all common sense.”
After the hearing concluded, Murphy joined several prominent lawmakers and area chamber of commerce leaders to discuss his idea to repeal and recreate section 925-s of the state’s general municipal law, which would provide for the establishment of the town of Yorktown industrial development agency (IDA).
“IDAs are created to promote economic prosperity and actively attract and encourage development in the area in question,” Murphy stated. “The Yorktown IDA ceased to exist since there were no outstanding bonds or obligations. The town board should be working to pass a local bill that would call on the state to reestablish the Yorktown IDA and promote economic and recreational opportunities for our residents.”
Murphy warned that the current economic climate is making it tougher and tougher for local businesses to survive. “My two businesses employ over 70 people and if things do not start to change 70 people will be looking for new jobs,” he added.
Dr. Murphy owns the Yorktown Health and Wellness Center on Commerce Street and is part owner of the family run Murphy’s Restaurant on Kear Street.