A recent poll of Upstate New York CEOs shows that 54% say the economy has worsened since last year, and only 19% expect improvement in 2023. The low confidence among decision-makers is about half of what it was in 2022, when 36% of CEOs were confident in economic improvements in 2022.
The poll was sponsored by The Business Council of New York State and was the 16th year in a row Siena and the business advocacy group partnered on the survey.
Additional highlights of the poll include 23% of CEOs saying they believe the economy has improved over the last year, while over half polled, 54%, say they see the economy getting even worse this upcoming year.
“We see the results of this poll showing that, as a whole, employers are still concerned about major policies the state is considering that will adversely impact their business while also being frustrated about the lack of assistance and relief being shown to the business community," said Heather Mulligan, President & CEO, The Business Council of New York State.
"Employers continue to work hard every day to manage a fluctuating economy, a shrinking workforce, and policies that dissuade them from investing and growing in New York.”