Learn more about relocating or expanding to New York

New York business climate, manufacturer incentives, and advantages of NY communities

Relocate or Expand to New York - U.S. Industrial Expansion & Relocation Guide for Manufacturing Companies - Learn more about the New York business climate, manufacturer incentives, and advantages of NY communities. Helping decision makers at U.S. manufacturing establishments find new locations to relocate or expand.
New York Business Data*

New York

Population: 19,541,453
Total Labor Force: 9,673,800
Unemployment Rate: 4.8%
Number of Manufacturers: 15,467
Manufacturing Jobs: 680,035
Right to Work: No
Unemp. Ins. Tax: 1.59.9%
 
Corporate Income Tax:
7.1%; 6.5% lower rate for Qualified New York State Manufacturers.

Sales Tax:
4%. Exemptions include: Purchases of production machinery and equipment; research and development property and fuels used in research and development and manufacturing.

Property Tax:
Generated by individual localities and are determined by an on-site property value assessment. Taxes are imposed on real property only. Tangible and intangible personal property is exempt. A 10-year property tax abatement is available to offset increased assessments due to improvements to business and commercial property.

Leading Manufacturing Industries:
(by % of total manufacturing employment)
16% Printing and publishing
11% Industrial machinery and equipment
10% Electronic and other electric equipment
8% Chemicals and allied products
8% Food and kindred products

Largest Manufacturing Establishments:
(by number of employees)
Time, Inc. (New York) - 6,000
Xerox Corp. (Webster) - 5,500
Ernst & Young, LLP (New York) - 5,000
IBM Corp., Data Systems Div. (Poughkeepsie) - 5,000
Pfizer, Inc. (New York) - 4,500
 
Counties with the Most Manufacturing Jobs:
New York - 150,271
Suffolk - 81,739
Erie - 62,139
Monroe - 56,644
Nassau - 49,245

Cities with the Most Manufacturing Jobs:
New York - 150,271
Rochester - 42,290
Brooklyn - 30,250
Buffalo - 26,679
Hauppauge - 15,091

Manufacturing Related Business Incentives:
Regional Council Capital Fund
Economic Development Purposes Grants
Environmental Investment Program
State Small Business Credit Initiative
Economic Development Fund
Industrial Effectiveness Program (IEP)
Entrepreneurial Assistance Program (EAP)
Commercial District Revolving Loan Trust Funds
Global Market Export Services (GMES)
Job Development Authority (JDA) Direct Loan Program
Manufacturing Assistance Program (MAP)
Minority and Women-owned Business Lending (MWBDL) Program and Minority and Women-owned Revolving Loan Trust Program
Regional Revolving Loan Trust Fund (RRLTF)
Small Business Revolving Loan Fund
New Markets Tax Credits
Emerging Technologies Tax Credits
Investment Tax Credit (ITC)
Research and Development (R&D) Tax Credit
Bonding Guarantee Assistance Program
Capital Access Program
Export Marketing Assistance Services (EMAS)
The Innovate NY Fund
Procurement Assistance Program



*Manufacturing stats updated on 2/23/2016. All other stats updated on 12/17/2015. Listings updated on 5/5/2016.

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