DOING BUSINESS IN NEW YORK
Empire State Development
518-292-5200
industries@esd.ny.gov
esd.ny.gov

“Fueled by cutting-edge research, advanced technology, and strategic investments in high-growth industries, New York is the heart of American innovation. With our forward-thinking leadership, and a commitment to workforce development and sustainability, New York is where jobs are created, careers are launched, and businesses are built.”
— Hope Knight, President, CEO and Commissioner,
Empire State Development

TARGETED GROWTH SECTORS
In New York State, the future is already here – fueled by the talent and resources that are critical for a variety of industries, including agribusiness, biotech and life sciences, cleantech and renewable energy, craft beverage, digital game development, distribution, fintech and insurance, cybersecurity, industrial machinery and systems, advanced materials, optics, photonics and imaging, software and digital media, semiconductor, electronics and transportation equipment.
TOP PROJECTS
COMPANY | LOCATION | INVESTMENT |
GlobalFoundries | Malta | $11.6 billion |
Wells (Ferrero Rocher) | Dunkirk | $425 million |
Regeneron | Suffern | $138 million |
TTM Technologies | East Syracuse | $117 million |
Niacet | Niagara Falls | $50 million |
FEATURED LOCATIONS
Greater Rochester, NY is one of the most productive regions, ranking among the top five major metros for STEM degrees and patents. Companies benefit from Rochester’s leading-edge innovation, talent, R&D resources, strategic location, and low cost of doing business.
FAST FACTS
Population (2023 est.): 19,571,216¹
Largest Cities (2023): New York City (8,258,035); Buffalo (274,678); Yonkers (207,657); Rochester (207,274); Syracuse (145,560)¹
Real GDP (2023): $1.6 trillion²
¹U.S. Census Bureau
²Bureau of Economic Analysis, U.S. Dept. of Commerce
JOB & SITE DEVELOPMENT
NYS Green CHIPS Program: Up to $10 billion in economic incentives for environmentally friendly “green CHIPS” semiconductor manufacturing and supply chain projects.
ON-RAMP (One Network for Regional Advanced Manufacturing Partnerships): $200 million to develop four workforce development centers in high-impact upstate New York locations for high-growth advanced manufacturing companies to develop training programs and find talent.
TOP BUSINESS FACILITIES RANKINGS
#2 Foreign Direct Investment | 2024 State Rankings |
#3 Food Processing | 2024 State Rankings |
Top 3 Semiconductors | 2024 State Rankings |
Top 5 AI Growth Hubs | 2024 State Rankings |
Top 5 Cyber Security | 2024 State Rankings |
Top 10 Medtech/Medical Devices | 2024 State Rankings |
Top 10 Life Science Leaders | 2024 State Rankings |
#3 Top Container Ports (by TEUs): Port of New York & New Jersey | 2024 Metro Rankings |
Top 10 AI Growth Hubs: Albany | 2024 Metro Rankings |
Top 10 Food Processing: Rochester | 2024 Metro Rankings |