#49 New York


2.28 out of 10 in Taxation and Regulation

5.96 out of 10 in Workforce Quality

5.19 out of 10 in Living Environment

Right to Work?


State Profile

New York has announced plans for a $1.2B biotech research center in Valhalla and the American Institute for Manufacturing Integrated Photonics hub in Rochester. The Empire State also is embarking on a $100B infrastructure improvement plan, replacing the Tappan Zee Bridge, redeveloping LaGuardia and JFK Airports, and renovating the Penn-Farley Station and the Gateway Tunnel to New Jersey.

Key Industries

Advanced Manufacturing, Solar Energy

Key Companies

AIG
American Express
Citigroup
Goldman Sachs
IBM
PepsiCo Inc.
Pfizer
Philip Morris
JPMorgan Chase
Verizon

Key Contacts

Empire State Development

Howard Zemsky, President & CEO
212-803-3100
633 Third Ave., 37th Floor
New York, NY
Hzemsky@esd.ny.gov
http://www.esd.ny.gov/

CEO Comments

“New York is a disaster to conduct business in for many reasons…taxes are only one factor. Regulations are over-kill and very costly from a compliance standpoint. “King” Cuomo has taken the wrong path for New Yorkers.”

“Doing business in California and New York is psychologically like being hooked up to the matrix. These states make conditions extremely difficult for small businesses through both policy and the anti-business political sentiment that exists there. Businesses are actually treated like a necessary evil.”

Current Developments

2017 Regional Report: Northeast

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