CEO Guide to the States

New York

THE FUTURE SEMICONDUCTOR EMPIRE?

The semiconductor industry continues to dominate many headlines around economic development in New York State. In October 2022, Micron made an unprecedented announcement to invest more than $100 billion and create more than 50,000 jobs in Central New York in the next two decades. Work has since commenced, and planners are now paving the way for massive development in the region. In April 2024, construction began on the first phase of the $319 million Edwards Vacuum dry pump manufacturing in Alabama, New York.

“More and more, businesses are looking to New York as the place to grow, create and innovate, and my administration will continue to work with any business looking to call our state home and help drive our economy into the 21st century.”
Kathy Hochul
Governor

TAXES

0 %

top corporate income tax

# 0

on the Tax Foundation’s State Tax Competitiveness Index

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 %

decrease between 2020 and 2023

KEY INCENTIVES

Excelsior Jobs Program: Offers a jobs tax credit of up to 6.85 percent of wages per net new job, an investment tax credit of 2 percent, an R&D credit of up to 6 percent 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 percent 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 percent 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

Empire State Development announced in June 2024 the launch of the Upstate Defense Initiative, funded by a $5 million award. The program was created to
support long-term community investments that strengthen innovation and expand the capabilities of the defense manufacturing ecosystem nationwide.

BIG DEALS

  • TTM Technologies broke ground in October 2024 on a $130 million high-tech manufacturing facility in Dewitt that will create up to 400 jobs.
  • The Raymond Corporation and Toyota Material Handling opened the Energy Solutions Manufacturing Center of Excellence in Broome County in September 2024.
  • Wells Enterprises announced in July 2024 a $425 million expansion and 270 new jobs at a state-of-theart manufacturing facility in Dunkirk.
  • France-based Unither Pharmaceuticals announced in June 2024 a $106 million expansion and 180 new jobs at its facility in Henrietta.
  • Worksport Ltd. announced in May 2024 an expansion and 280 new jobs in Erie County.
  • GlobalFoundries announced in February 2024 a $11.6 billion expansion and more than 1,500 new jobs at its semiconductor manufacturing plant in Saratoga County.

BIG COMPANIES

Fifty-two Fortune 500 companies headquartered in state, including:

  • American Express
  • Citigroup
  • Goldman Sachs Group
  • IBM
  • JPMorganChase
  • MetLife
  • Morgan Stanley
  • PepsiCo
  • Pfizer
  • StoneX Group
  • Verizon Communications
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.