“Since the onset of the national recession, our Administration has been singularly focused on rebuilding our economy. We have succeeded in bouncing back far more quickly than the rest of the country, and the number of private-sector jobs in the city is now at an all-time high – but there are still far too many New Yorkers out of work, and it is crucial that we continue doing everything we can to allow businesses to grow. While this compromise version of the bill is better than previous iterations, it will still hurt small businesses and stifle job creation. Supporters claim it will only take effect if the economy is healthy, but there is never a good time to make New York City less competitive. The bill is short-sighted economic policy that will take our city in the wrong direction, and I will veto it.”