NEW 7-FIGURE MEDIA BUY WARNS NEW YORKERS ABOUT ECONOMICALLY DEVASTATING BAN ON NON-COMPETE AGREEMENTS
Ads to Run Across All Regions Statewide
Business Council of New York State’s Affiliate Group Explains Effects of Non-Compete Agreement Ban
ALBANY – Today, The Public Policy Institute of the State of NY (PPI), announced the launch of a significant, seven-figure media ad buy to educate New Yorkers on the economic risks of banning “non-compete” agreements. Recently, legislation was passed banning these agreements, but the bill has yet to be signed into law by Governor Hochul. This compelling ad is blanketing every region of New York to ensure its message resonates statewide.
The Public Policy Institute, a nonprofit affiliate of the Business Council of New York State, is a nonpartisan research and educational organization whose purpose is to formulate and promote public policies that will restore New York’s economic competitiveness.
PPI’s educational campaign is championed by small local businesses and global industry leaders cautioning New Yorkers on the potentially devastating consequences a ban on non-compete agreements could have on the state’s delicate jobs recovery. The legislation that was passed this year by lawmakers in Albany aims to outlaw non-compete agreements statewide, impacting businesses of all sizes and sectors. If enacted, it could unravel the delicate balance between protecting business investment and fostering a competitive job market, causing employers to ship jobs to states like Florida and Texas that do not have similar laws.
“Job creators, representing businesses of all sizes, are united in sounding the alarm on the pending non-compete ban in New York. It poses a serious risk to innovation and job growth and will send good jobs to other states,” said Heather Briccetti Mulligan, CEO of PPI, an affiliate of the Business Council of New York State. “These powerful informational ads serve as a wake-up call, underlining the potential catastrophic consequences for our state’s fragile jobs recovery, and reminding the public how this misguided approach will have a negative impact on New York’s economic competitiveness for years to come.”
Here is a copy of one of the ads, and below is the script:
It’s time to wake up to what’s happening in Albany
It ain’t pretty
Albany’s vote to ban anti-competition agreements would shatter our economy
crippling businesses’ ability to fuel innovation and retain talent
And risk seeing our jobs flee to other states
Learn more at “JobKillerBillNY.com” to see where your legislator stands
Paid for by Public Policy Institute of NY State Inc.
Background: Non-compete agreements are important tools for employers to protect their legitimate business interests by restricting former employees or contractors, typically for a temporary period of time, from joining or starting a competing company. While there are some inappropriate uses, such as forcing non-competes on hourly, entry-level workers, New York’s biggest and most impactful industries rely on these agreements to stay competitive. As drafted, the non-compete bill approved by the Legislature in June (S3100-A/A1278-B) would prove disastrous for New York’s fragile economy, as highly skilled workers will be forced to move elsewhere once innovative businesses leave the state. Additionally, the millions of residents who depend on the tax revenue generated by these businesses and their employees will also face adverse consequences.
ABOUT PPI
The Public Policy Institute of New York State, Inc. is a research and educational organization whose purpose is to formulate and promote public policies that will restore New York’s economic competitiveness. The Institute accomplishes this mission by conducting timely, in-depth research addressing key state policy issues. Founded in 1981 and affiliated with The Business Council of New York State, Inc., The Institute is a non-partisan, tax-exempt, 501 (c) (3) organization.
More information can be found at: www.jobkillerbillny.com
