- Associated Press - Friday, March 10, 2017

ALBANY, N.Y. (AP) - A group that advocates for international investment is urging New York state leaders not to adopt a “buy American” proposal that they say would backfire and hurt the state’s economy.

Nancy McLernon, president of the Organization for International Investment, wrote to Democratic Gov. Andrew Cuomo and top lawmakers Thursday asking them to reconsider.

Cuomo has proposed giving domestic companies preference in all state purchases of $100,000 or more. He says it will be the strongest “buy American” policy of any state.

McLernon questions whether the proposal would actually lead to more jobs in New York. She says it could cost taxpayers more in the long run while complicating efforts to attract more foreign companies to the state.

Her organization represents domestic subsidiaries of large global companies including Panasonic, Siemens and BASF.

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