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Expand or Relocate to New York
      

New York Business Data

Relocate or Expand to New York

NY business climate, manufacturer incentives, and advantages of local communities

Business Data for New York


Population
19,541,453

Total Labor Force
9,760,671

Unemployment Rate
4.7%

# Manufacturers
15,506

Manufacturing Jobs
679,132

Right to Work
No

Unemp. Insurance Tax
1.5–9.9%


Manufacturing stats updated on 6/29/2016. All other data updated on 6/29/2016. IndustryNet is not responsible for errors or omissions.
 
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 Mfg. Industries
(by # of employees)
16% Printing and publishing
11% Industrial machinery and equipment
10% Electronic and other electric equipment
9% Chemicals and allied products
8% Food and kindred products

Largest Mfg. Employers
(by # 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 Mfg. Jobs
New York - 150,763
Suffolk - 82,510
Erie - 62,699
Monroe - 58,100
Nassau - 48,977

Cities with the Most Mfg. Jobs
New York - 150,763
Rochester - 43,261
Brooklyn - 29,167
Buffalo - 26,375
Hauppauge - 15,197

Mfg. 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 & businesses available to assist with your relocation to or from New York

Topeka, KS
Striving to recruit new business & help companies expand in Kansas
Are you an economic development agency, chamber of commerce, or other organization in the business of helping companies relocate or expand? List your organization here and connect with growing businesses!
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