The Business Council of New York State Inc., a prominent business advocacy group, has decided not to endorse a candidate in the upcoming gubernatorial election, marking a departure from its endorsement of Democratic Governor Kathy Hochul in 2022. The group emphasized that this decision was not a reflection on Hochul, who is seeking her second full term.
"The Business Council’s PAC decided after the last election cycle that it would no longer endorse in statewide races," said spokesman Steve Smith. "That decision was made in accordance with best practices of other organizations and associations across the State of New York and the entire nation."
Smith added that members of the council recognize Governor Hochul as a "strong partner" and appreciate her responsiveness to business concerns. He noted her recent attendance at the Business Council's Annual Meeting, where she addressed New York business leaders.
During her tenure, Hochul has enacted some policies favorable to businesses, including tort reform aimed at reducing auto insurance costs. However, her administration has also implemented the controversial pied-à-terre property tax on second homes in New York City.
Hochul assumed the governorship in August 2021 following the resignation of former Governor Andrew Cuomo. She secured her first full four-year term in the subsequent election.
In 2022, Business Council President and CEO Heather Briccetti Mulligan had stated that Hochul had collaborated with the group on significant economic and climate initiatives since her time as lieutenant governor. Mulligan had highlighted the strong relationship and open dialogue between the governor's office and the business community regarding economic policies impacting private-sector employers and families.
Several other business organizations have also opted not to make endorsements in the current gubernatorial race, including the Partnership for the City of New York and the New York chapter of the National Federation of Independent Business. Governor Hochul has received substantial campaign contributions from prominent figures within the real estate industry, including Rob Speyer, president and CEO of Tishman Speyer and co-chairman of the Partnership for the City of New York.