Good Financial News for New York State!

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Dear Commons Community,

We have had some good news for New York on the economic front in a U.S. Department of Commerce report showing that the Empire State had the second highest growth in gross domestic product (GDP) of all the states in 2010. With a growth rate of 5.1%, New York State only trailed North Dakota at 7.1%. The growth was fueled largely by the financial industries and Wall Street.

Good news and I hope this translates into jobs and tax revenue.


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