His initiatives include creating tax incentives for individuals who pursue higher education in New York, as well as open up business in the state.
Cuomo highlighted the need for an “Innovation Hotspot” that would partner educational institutions throughout the state with the private sector to create more jobs in New York.
“In this state we have the academic institutions that generate the ideas, but they go to other states to become businesses and commercialize,” he said.
Cuomo said he believes New York has a reputation for being “anti-business,” and that former New York State students go elsewhere to start their careers and businesses.
Cuomo's program would take recent graduates and support them with the services they need to start a business in the state.
“The state will invest in those companies and they will be tax-free zones,” Cuomo said. “The companies will pay no taxes while they are in this incubator.”
There is only one catch: the new business has to stay in the state of New York.
In his address, the governor said he believes the state will see an increase in workforce because jobs are coming back from foreign countries.
“Companies moved overseas because they had cheap labor, and you know what they found?” he said. “You get what you pay for.”
The governor said New York needs those jobs, but also needs to ensure that its labor force is ready for them. With this in mind, the governor announced a New York Job Linkage Program that would train individuals for specific jobs in specialized fields.
Cuomo also suggested a change to the educational calendar. He believes other countries are keeping students in the classrooms longer, enhancing their ability to learn.
“Our education calendar is built around a time when we were agrarian society,” the governor said.
He proposes two possible changes to the system: either the school days get longer or the school year is extended.
“You need to have more classroom time,” Cuomo said. “It will also be complicated and controversial.”
He said he will leave the decision of whether to have a shorter summer, longer school days, or a combination of both up to the school districts.
“Any additional time that a school district chooses, the state will pay 100 percent of additional costs,” Cuomo promised.
The governor also discussed Hurricane Sandy and the positive way that New Yorkers reacted to the storm. He also spoke about his controversial plan to buy out homeowners in areas most affected by the storm.
“There are some homes that have been damaged three and four times in the same year,” he said. “And there is some real estate that Mother Nature just owns. We’ll give them a fair price for their house.”