DOING BUSINESS WITH NEW YORK

New York State is the Pro-Business, Pro-Growth State

With the world’s sixteenth largest economy, New York State is headquarters for scores of companies and a place where businesses of all sizes can tap a diversely talented and experienced workforce along with other resources available in many communities.
New York State’s pro-business environment and highly competitive economic incentives make it the ideal location for your business.

In New York, you will find a wealth of opportunity and an ideal business climate in which companies of all types, including new and emerging businesses, can thrive.
As of 2006, New York was the third largest state in population after California and Texas, with an estimated population of 19,306,183. New York City has 8,143,197, more than 40% of the state’s population.

ECONOMY

New York's gross state product in 2006 was $1.02 trillion, ranking third in size behind the larger states of California and Texas. If New York were an independent nation, it would rank as the 16th largest economy in the world behind South Korea. New York has the forth highest per capita real GDP of $ 46,617. This is 24 percent above the national average.

New York State has several Industry Clusters. The most relevant for our exports are:
-Computer Hardware & Electronics
-Bio Medical
-Business Services
-Communication & Media Services
-Fashion & Apparel
-Software Industries
-Food Processing
-Distribution
The heart of the fashion industry is unquestionably in New York. The world’s most recognizable brands originate from New York based headquarter offices and design studios. New York is also a major producer of apparel products. New York has unique access to competitive production facilities, specialized NYC niche manufacturers, innovative young designers and the world’s foremost retail market. Over 8,000 apparel & fashion companies employ over 98,000 people in New York State incluiding: Ralph Lauren, Kenneth Cole, Liz Claiborne, Ann Taylor, Nautica and Tommy Hilfiger. New York is also home to many of the most respected foreign apparel firms’ US operations including: Prada, LVMH, Chanel and Christian Dior-
Agribusiness is New York's second largest industry. The State boasts The New York State Agricultural Experiment Station at Geneva. Its goal is to improve the competitiveness and profitability of growers and processors of fruit and vegetable crops while safeguarding the environment and ensuring consumers access to wholesome, high quality and economical foods produced in New York. Together with the College of Agriculture and Life Sciences (CALS) at Cornell University, they function as one unit to facilitate a strong research program.
New York State's unparalleled market proximity and host of resources and incentives specifically designed for distribution centers gives New York-based businesses a distinct edge over the competition, making New York the premier location to build and locate your distribution center. New York State is therefore home to major distribution centers, such as: Wal-Mart, Target, Staples, Home Depot, Ace Hardware, and Papa John's Pizza. The state's distribution-friendly infrastructure offers a host of pro-business resources and incentives to keep costs down and boost profits:
-Strategic location and market proximity.
-Easy access to east coast markets.
-Excellent highways and transportation services.
-Suitable sites and buildings at a competitive price.
-Numerous prime, pre-approved, permitted, ready-to-occupy distribution center sites
-Availability of skilled workers.
-Workforce training and development.
-NO inventory tax.
-NO taxes for third party distribution centers.

New York's aggressive Build Now-NY program offers pre-approved sites that will be fast-tracked for development. We can get your new distribution center built on time, which means you can start saving transportation dollars sooner while reaching profit-rich markets faster.

Empire Zones Program: New York's Empire Zones offer a host of financial. incentives and significant tax credits and benefits for businesses located in one of the State's 72 Empire Zones. Your business could qualify to become tax-free if it locates or expands in one of these zones.

New York State leads the Northeast Region as the largest and most diverse population center. A superior transportation infrastructure, with highway access to the Northeast, Mid-Atlantic, Midwest and Canada, includes 1,500 interstate highway miles; 112,000 roadway miles; 150 cities served by non-stop flights worldwide from New York City; 500 airports located throughout the state; and a 4,000 mile rail network.

Food processors can expedite the delivery of non-perishable products throughout the Northeast and ship large/bulky items packaged or bottled from here at a cost savings compared to more distant locations.

We invite you to explore the many opportunities that New York has to offer your company.

For more information please visit:
http://www.dos.state.ny.us/corp/corpwww.html
http://www.empire.state.ny.us/default.asp
http://www.nycedc.com/Web/NYCBusinessClimate/NYCBusinessClimate.htm
http://www.ibo.nyc.ny.us/iboreports/IncDistJune00.pdf
http://www.nypl.org/research/sibl/smallbiz/sbrc/Pages/index.cfm http://www.nyc.gov/html/sbs/nycbiz/html/starting/importing.shtml