New York Gov. Kathy Hochul Rejects Ban on Noncompete Agreements
Updated Dec. 23, 2023 10:34 am ETALBANY, N.Y.—New York Gov. Kathy Hochul vetoed legislation that would have banned noncompete agreements for employees, after business groups warned such a measure would push jobs out of state.Hochul, a Democrat, said Friday that she supported eliminating noncompete agreements for low and middle-income workers. She had floated a compromise with Democratic lawmakers in Albany in which noncompete clauses would remain for higher-paid employees but a flurry of negotiations, including through Friday, ended without a deal.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8