New York Business Resources |
| As the leading banking and financial services center in the United States and arguably the world, New York City dominates New York’s economy. New York is home to more Fortune 500 companies than any other state and holds the New York Stock Exchange, the world’s largest stock exchange by dollar value. Coupled with the seven other smaller exchanges, some of the nation’s largest banks, trust companies, insurance companies, and brokerage houses, Wall Street exerts a profound influence on finances around the world. The borough of Manhattan is also the headquarters of the nation’s major television and radio networks, publishing houses and advertising agencies, making it the heart of mass media in America. Outside of New York City, strong manufacturing, agricultural, and transportation sectors bolster the rest of the state. With a GDP of just over $1 trillion, New York has the third largest economy of all U.S. states. |
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Business Data |
| Per Capita Real GDP | $46,617 Rank: 4/50 (2006) |
| Population | 18,976,500 Rank: 3/50 (2000) |
| Per Capita Personal Income | $42,392 Rank: 5/50 (2006) |
| Unemployment Rate | 5.00% Rank: 36/50 (2008) |
| Business Tax Climate Index | Rank: 48/50 (2008) |
| Corporate Tax Rate | 7.1% |
| Individual Tax Rate | 4% - 6.85% |
| Sales Tax Rate | 4% |
Business Tax Climate Index |
| Individual Income Tax Index Rank | 41 |
| Sales Tax Index Rank | 49 |
| Unemployment Insurance Tax Index Rank | 46 |
| Property Tax Index Rank | 43 |
| Business Tax Climate Index | 48 |
| Corporate Tax Index Rank | 23 |
State Information |
| Abbreviation | NY |
| Capital | Albany |
| Nick Name | Empire State |
| State Web Site | http://www.ny.gov |
| Motto | Ever upward! |
Top 5 Export Partner Countries | Canada, Israel, United Kingdom, Switzerland, Japan |
Top 5 Export Merchandise | Chemicals Sales
Computers and Electronic Products Sales
Machinery Manufacturing
Primary Metals Manufacturing
Computers and Electronic Products Manufacturing |
Major Cities | Buffalo, New York City, Rochester |
GDP |
| Total Gross Domestic Product (USD Millions) | $1,103,024.00 (2007) |
| Per Capita Real GDP (USD) | $49,038.00 Rank: 4 (2007) |
Population Stats |
| Population |
19,490,297 Rank: 3 (2008) |
Age Distribution |
| Under 18 Population | 4,690,110 |
| Under 18 Percent of Total Population | 25% |
| 65 and older Population | 2,448,350 |
| 65 and older Percent of Total Population | 13% |
Gender Distribution |
| Male Population | 48.2% |
| Female Population | 51.8% |
| Non-English Speaker (at home) | 4,034,400 |
| Net International Immigration | 667,007 |
| Birth Rate | 13% |
| Percent of People Under Poverty Level | 13.8% |
| Rank | 18 |
Expenditure |
| Per Capita State Spending | $14,241 |
| Rank | 12 |
| Energy Expenditures per Person | $3,082 |
| Expenditures of State and Local Government Employee-Retirement Systems | $18,225,586 |
Revenue |
| Personal Income | $30,090 |
| Rank | 5 |
| State Internal Revenue Collection | $244,672,914 |
| Rank | 2 |
| Cash and Deposits by State Government | $5,810,980 |
| Per Capita State Tax Collection | $2,979 |
| Rank | 11 |
Education |
| High School Graduation Rate | 64.4% |
| Rank | 40 |
| Percent of Population with a Bachelor's Degree | 17.9% |
| Rank | 19 |
| Percent of Population with an Advanced Degree | 13.3% |
| Rank | 5 |
Largest Universities | New York University
SUNY, Buffalo
Stony Brook University |
| High School Graduation Rate | 64.4% |
Logistics |
| Public Road Length (Mile) | 113,617 |
| Gas Tax Rate (%) | 24.65% |
| Highway Planning and Construction (USD Thousands) | 1,463,313 |
| Number of Public Airports | 146 |
Main Airports | ALB: Albany
BUF: Buffalo
IAG: Niagara Falls
JFK: New York
ROC: Rochester
SWF: Newburgh
SYR: Syracuse |
Ports | Albany
Buffalo
Hempstead
New York/New Jersey
Port Jefferson |
Weather
| Map
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State Business Links |
| New York Times |
| http://www.nytimes.com |
Secretary of State |
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Small Business Administration |
| New York Small Business Administration |
| http://www.sba.gov/localresources/district/ny/ny/index.html |
| The U.S. Small Business Administration (SBA) was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation. We recognize that small business is critical to our economic recovery and strength, to building America's future, and to helping the United States compete in today's global marketplace. Although SBA has grown and evolved in the years since it was established in 1953, the bottom line mission remains the same. We help Americans start, build and grow businesses. Through an extensive network of field offices and partnerships with public and private organizations, SBA delivers its services to people throughout the United States, Puerto Rico, the U. S. Virgin Islands and Guam. |
Top 10 Business Links |
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| New York City Business Solutions |
| http://www.nyc.gov/html/sbs/nycbiz/html/home/home.shtml |
| This service is designed to help all types of businesses solve common business issues. Information is organized in business activity categories pertaining to assessing incentives, navigating government and regulations, how to manage your business, and more. |
| New York State Small Business Development Center |
| http://www.nyssbdc.org/ |
| The New York SBDC aims to help the development of small businesses in New York. They offer counseling services on all manner of business matters at low to no cost. Training workshops and seminars are also offered. Some information relating to international business, entrepreneurial education, veterans, manufacturing and defense, disaster recovery, and technology and innovation is freely available on the website. |
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| SUNY Business Incubators |
| http://www.suny.edu/govtrelations/federal/businessIncubators.cfm |
| This site groups all the business incubators available in the state of New York onto one page. These incubators are designed to put entrepreneurs in contact with scientists, research equipment, and facilities, to nurture innovation. |
| The Business Council of New York |
| http://www.bcnys.org/ |
| The Business Council of New York is a member-based organization representing New York firms, small and large. Freely available information includes upcoming events, business news, governmental affairs information, and more. Members may take advantage of a number of discounts, insurances, or other programs offered by the council. |
| U.S. Export Assistance Center of New York and Northern New Jersey |
| http://www.buyusa.gov/nynj/ |
| The NY-NJ branch of the Department of Commerce specializes in helping small to medium sized companies develop and execute exporting strategies. Different offices throughout the state are listed along with websites for further assistance. Information pertaining to trade leads, trade events, export financing, or FAQs is also available. Fees vary and are based on the services being provided. |
