DOING BUSINESS IN NEW YORK

Empire State Development
518-292-5200
industries@esd.ny.gov
esd.ny.gov

Doing business in New YorkNew York State is strategically investing in innovative, targeted high-growth industries that are benefiting from our top-tier workforce, unrivaled resources and commitment to sustainable energy. We are incentivizing the companies of tomorrow to build and grow here, creating jobs and opportunity for New Yorkers.

— Hope Knight, President, CEO, and Commissioner,
Empire State Development
Doing business in New York
The New York City skyline. (Photo: Adobe Stock / THANANIT)

  TARGETED GROWTH SECTORS 

In New York State, the future is already here — fueled by the talent and resources that are leading smart, dynamic, and innovative businesses to start here, move here, and thrive here. New York has the resources and expertise to partner with a variety of industries, including agribusiness, biotech and life sciences, cleantech and renewable energy, craft beverage, digital game development, distribution, financial services and insurance, homeland and cybersecurity, industrial machinery and systems, materials processing, optics, photonics and imaging, software and digital media, tech and electronics, television and film, tourism, and transportation equipment.

  TOP PROJECTS

COMPANY
LOCATION
INVESTMENT
Micron
Clay
$100 billion
Fairlife
Webster
$650 million
Cummins
Lakewood
$452 million
Li-Cycle
Rochester
$359 million
Edwards Vacuum
Genesee County
$319 million

FEATURED LOCATIONS

Greater Rochester EnterpriseGreater Rochester, NY is one of the most productive regions in the country, ranking third in college degrees per capita and #1 for degrees in STEM fields, according to the U.S. Department of Education. Our workforce outperforms regions three times our size. Companies have capitalized on the proximity to major markets, highly educated workforce, research centers of excellence, and industry expertise.

 


Saratoga Economic Development Corporation (SEDC)
Saratoga Economic Development Corporation (SEDC) is a private sector, non-profit consulting firm established in 1978. With more than 45 years of economic development success, we are the primary resource and first-point of contact for any business or individual considering an investment in Saratoga County, New York.

 


Think Dutchess Alliance for BusinessThink Dutchess Alliance for Business is the one-stop shop for business development needs in Dutchess County, New York. By bringing together 10 agencies under one strategy, Think Dutchess has become a critical community resource, supporting attraction, retention, and expansion efforts for businesses and entrepreneurs across for-profit and non-profit sectors.

  FAST FACTS

Population (July 1, 2022 estimate): 19,677,151¹
Largest Cities (2020): New York City (8772,978); Buffalo (277,908); Rochester (210,943); Yonkers (210,970); Syracuse (147,033)¹
Real GDP (2022): $1.6 trillion²

¹U.S. Census Bureau
²Bureau of Economic Analysis, U.S. Dept. of Commerce

  JOBS & SITE DEVELOPMENT PROGRAMS

NYS Green CHIPS Program: Up to $10 billion in economic incentives for environmentally friendly “green CHIPS” semiconductor manufacturing and supply chain projects.

FAST NY Shovel-Ready Grant Program: Up to $200 million to develop sites to jumpstart New York’s shovel-readiness and attractiveness to large employers.

Green Excelsior Program: $3 billion refundable tax credit program for creating jobs and investing in projects involving the development of technologies or the production of products that reduce greenhouse gas emissions or support the use of clean energy.

  TOP BUSINESS FACILITIES RANKINGS

#1 FDI (Projects)
2023 State Rankings
#2 EV Charging Infrastructure
2023 State Rankings
#3 Cybersecurity
2023 State Rankings
Top 5 Life Sciences
2023 State Rankings
Top 5 Semiconductors
2023 State Rankings
Top 10 Food Processing
2023 State Rankings
#1 Corporate Headquarters: New York/Jersey City/White Plains
2023 Metro Rankings
#1 Fintech Leaders: New York
2023 Metro Rankings
#1 Financial Centers (Global): New York
2023 Global Rankings
Top 5 Smart Cities: New York City
2023 Global Rankings

From the July / August 2023 issue of Business Facilities

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Creation Technologies New York

Rokt Will Invest $17.6M To Expand New York City HQ

Empire State Development will support Rokt HQ expansion in New York City with $4.7M in Excelsior Jobs Program tax credits. Plus, Creation Technologies opens $22M manufacturing facility in Wayne County.