Learn more about relocating or expanding to New YorkNew York business climate, manufacturer incentives, and advantages of NY communities |
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New York Business Data*  Population: 19,541,453 Total Labor Force: 9,563,000 Unemployment Rate: 7.8% Number of Manufacturers: 16,857 Manufacturing Jobs: 712,741
Right to Work: No
Unemp. Ins. Tax: 1.5–9.9%
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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% Food and kindred products 8% Chemicals and allied products Largest Manufacturing Establishments:
(by number of employees) Time, Inc. (New York) - 6,000
Xerox Corp. (Webster) - 5,500 IBM Corp., Data Systems Div. (Poughkeepsie) - 5,000 Ernst & Young, LLP (New York) - 5,000 Pfizer, Inc. (New York) - 4,500 |
Counties with the Most Manufacturing Jobs:
New York - 153,809 Suffolk - 83,820 Monroe - 63,514 Erie - 63,116 Nassau - 46,547 Cities with the Most Manufacturing Jobs:
New York - 153,809 Rochester - 48,451 Brooklyn - 32,533 Buffalo - 27,092 Hauppauge - 15,074 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 |
Economic development agencies, chambers of commerce, and other organizations and businesses to help with your relocation or expansion:
New York Empire State Development
The mission of Empire State Development is to promote business investment and growth that leads to job creation and prosperous communities across New York State.
633 Third Ave, New York, NY 10017 (Map & Aerial View)
(212) 803-3705
www.empire.state.ny.us
Herkimer County Industrial Development Agency
The mission of the Agency is to help create or retain job opportunities in Herkimer County by both assisting existing area industries and marketing the area to prospective new industries.
P.O. Box 390, Herkimer, NY 13350 (Map & Aerial View)
(315) 867-1373
www.herkimercountyida.com
Nassau County Industrial Development Agency
The IDA consists of a team of professionals whose mission is to promote the economic welfare and prosperity of Nassau County. It can help businesses relocate, expand operations and finance new investments.
1550 Franklin Avenue, Suite 235, Mineola, NY 11501 (Map & Aerial View)
(516) 571-1076
www.nassauida.org
New York City Economic Development Corporation
NYCEDC is the City's primary engine for economic development charged with leveraging the City's assets to drive growth, create jobs and improve quality of life. It uses its expertise to develop, advise, manage and invest to strengthen businesses and help neighborhoods thrive.
110 William Street, New York, NY 10038 (Map & Aerial View)
(888) 692-0100
www.nycedc.com
Westchester County Industrial Development Agency
The IDA can be an important source of financial assistance to both existing businesses and those relocating. A variety of incentives are available to corporations and small companies, as well as educational institutions, libraries, affordable housing developments, and other non-profit organizations.
148 Martine Avenue, White Plains, NY 10601 (Map & Aerial View)
(914) 995-2926
www.thinkingwestchester.com/ida
New York Industrial News:
Manufacturing Jobs Increased 2.7% In Upstate New York, Remain Stable Statewide, Reports Industrial Directory (10/18/2012)
New York Manufacturing Jobs Down 1% Over Past Year (10/3/2011)
New York Industrial Job Losses Decline; Down 2.5% Over Past Year (9/17/2010)
Industrial Directory Reports New York Manufacturing Employment Declined 7.6% Over Two Years (9/25/2009)
New York Manufacturing Jobs Down 1.8% According To State Industrial Directory (9/19/2008)
New York Sees 3% Drop In Manufacturing Jobs According To State Industrial Directory's 12-Month Report (9/14/2007)
Industrial Guide Reports New York Manufacturing Jobs Down 2.5% (9/15/2006)
2006 Manufacturers' Directory Reports 35,000 New York Industrial Jobs Lost (1/24/2006)
Manufacturing Jobs Increased 2.7% In Upstate New York, Remain Stable Statewide, Reports Industrial Directory (10/18/2012)
New York Manufacturing Jobs Down 1% Over Past Year (10/3/2011)
New York Industrial Job Losses Decline; Down 2.5% Over Past Year (9/17/2010)
Industrial Directory Reports New York Manufacturing Employment Declined 7.6% Over Two Years (9/25/2009)
New York Manufacturing Jobs Down 1.8% According To State Industrial Directory (9/19/2008)
New York Sees 3% Drop In Manufacturing Jobs According To State Industrial Directory's 12-Month Report (9/14/2007)
Industrial Guide Reports New York Manufacturing Jobs Down 2.5% (9/15/2006)
2006 Manufacturers' Directory Reports 35,000 New York Industrial Jobs Lost (1/24/2006)
Looking to reach New York manufacturers? Access the New York Manufacturers Database compiled by MNI.
*Manufacturing stats updated on 5/17/2013. All other stats updated on 5/17/2013. Listings updated on 5/23/2013.
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