CEO Guide to the States

New York

SEMICONDUCTOR HUB OF THE FUTURE

While New York is already home to 76 semiconductor manufacturing companies that employ over 34,000 New Yorkers, things are about to get even bigger. Micronannounced in October it will invest $100 billion in the state over the next 20 years to develop a semiconductor manufacturing hub. The first phase offers $20 billion by the end of the decade and aims to create 50,000 jobs. New York is already home to major operations of global leaders like Wolfspeed, GlobalFoundries, IBM and Onsemi. The Albany Nanotech Complex is driving cutting-edge chip development in the state through a public-private partnership.

"Micron’s $100 billion investment in New York marks the start of something transformative in scale and possibility for our state’s economic future. Together, we are leveraging this investment— the largest private-sector investment in state history—to secure our economic future, solidify New York’s standing as a global manufacturing hub, and usher the state into another Industrial Revolution.”
Kathy Hochul
Governor

TAXES

0 %

top corporate income tax

# 0

on the Tax Foundation’s State Business Tax Climate Index ranking

EDUCATION

0 %

of adults 25 years of age and older graduated high school

0 %

of adults age 25 and older have a bachelor’s degree or higher

UNEMPLOYMENT RATE

0 %

RIGHT TO WORK STATE

No

QUALITY OF LIFE

# 0

POPULATION GROWTH

0 %

increase between 2010 and 2020

KEY INCENTIVES

Excelsior Jobs Program: Offers a jobs tax credit of up to 6.85% of wages per net new job, an investment tax credit of 2%, an R&D credit of up to 6% and a property tax credit for companies that meet established job and investment thresholds.

START-UP NY: Offers tax-based incentives, innovative academic partnerships and the opportunity to operate tax-free for up to 10 years on an eligible university or college campus.

Life Sciences Tax Credit Program: Offers a fully refundable credit of 15% for a company that employs 10 or more people for life sciences R&D performed in the state.

Employee Training Incentive Program: Offers a credit of 50% of eligible training costs, up to $10,000 per employee, for New York State employers seeking to upgrade skills or improve the productivity of their employees.

EDCs

Empire State Development

esd.ny.gov

New York City Economic Development Corporation

edc.nyc

Capital Region Center for Economic Growth

ceg.org

Rochester Economic Development Corp.

redcoroc.com

Greater Rochester Enterprise

rochesterbiz.com

Buffalo Niagara Partnership

thepartnership.org/economic-development

HIGHLIGHTED PROGRAM OR INITIATIVE

In October 2022, Gov. Kathy Hochul announced $150 million for workforce development programs. Administered by the newly formed Office of Strategic Workforce Development within Empire State Development, the grants will help meet the state’s workforce needs, increase the capacity of training providers andposition it to fill in-demand jobs.

BIG DEALS

  • Micron announced in October 2022 it will invest up to
  • $100 billion over the next 20 years to transform central New York into a leading global semiconductor manufacturing hub.
  • Electrovaya announced in October it will establish a lithium ion gigafactory and create 250 jobs in Chautauqua County.
  • Rosina Food Products announced in August 2022 it com- pleted a $73 million expansion and will create 40 jobs.
  • JMA Wireless completed in July 2022 the first phase of a 5G manufacturing campus and global headquarters in Syracuse. It will create more than 200 jobs.
  • Corning announced in July 2022 an expansion and 270 new jobs in in Fairport and Gates to address growing demand in the semiconductor market.

BIG COMPANIES

51 Fortune 500 companies headquartered here, including:

  • JPMorgan Chase 
  • Verizon Communications
  • Citigroup
  • Goldman Sachs Group 
  • Morgan Stanley
  • Pfizer 
  • PepsiCo
  • IBM
  • MetLife
  • American International Group
Roundtable

Strategic Planning Workshop

1:00 - 5:00 pm

Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process

Executives expressed frustration with their current strategic planning process. Issues include:

  1. Lack of systematic approach (70%)
  2. Laundry lists without prioritization (68%)
  3. Decisions based on personalities rather than facts and information (65%)

 

Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns.  They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning.  Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process.  This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented.  If you are ready for a Strategic Planning tune-up, select this workshop in your registration form.  The additional fee of $695 will be added to your total.

To sign up, select this option in your registration form. Additional fee of $695 will be added to your total.

New York, NY: ​​​Chief Executive's Corporate Citizenship Awards 2017

Women in Leadership Seminar and Peer Discussion

2:00 - 5:00 pm

Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations. 

Limited space available.

To sign up, select this option in your registration form. Additional fee of $495 will be added to your total.

Golf Outing

10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS

General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.

The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.

To sign up, select this option in your registration form. Additional fee of $295 will be added to your total.