New York is ranked the second worst in the nation when it comes to its business tax climate. So will that scare businesses from opening up shop here, big businesses like Amazon?

New York is ranked the second worst in the nation when it comes to its business tax climate. So will that scare businesses from opening up shop here, big businesses like Amazon?

The ranking was done by the Tax Foundation. Our news partner, News10NBC's Albany affiliate WNYT spoke with Ken Polasky, the Vice President of the Business Council of New York State. He says the news isn't all bad. New York has dramatically improved its franchise taxes, increasing its corporate tax rank to number seven in the index. He feels the rest of the woeful tax picture can be offset by New York's assets.

“"A tech company like Amazon is going to be looking very heavily at quality of work force, education of work force, quality of life issues. Are the schools good, are the cities livable? On some of those scores, I think New York state ranks very well," Polasky said.

WNYT reached out to the state for reaction to the Tax Foundation ranking. Morris Peters with the New York State Division of Budget sent the following statement:

"We now have the lowest corporate tax rate since 1968, the lowest manufacturers' tax rate since 1917 and with the new income tax cuts phasing in this year, the lowest middle class tax rates since 1947."