New York is the centre of global commerce and technological innovation – the UK is New York’s premier investment partner. Businesses are drawn to New York‘s cost-competitive locations, effective business marketing strategies and to Governor Andrew M. Cuomo’s re-imagined approach to economic development. The UK’s sizeable New York presence is reflected in inward investment of $17.1 billion and 82,500 jobs, through companies including BAE Systems, Thompson Reuters Group and Serco.

New York has encouraged innovation and harnessed the State’s signature strengths: unparalleled academic and research centres, a highly skilled workforce, and innovative industries and technologies. With the launch of Global NY, New York has staff working around the state and around the globe to find opportunities for businesses – with offices in the UK, Canada, China, Israel, Mexico and South Africa.

New York State’s rankings demonstrate its leadership in attracting international investment, as well as business retention and expansion.

The Empire State is:

• The 14th largest economy in the world.
• The No.2 destination for foreign direct investment (FDI), with New York City a leader in attracting FDI headquarter operations.
• No.3 in the nation for FDI employment based on 388,500 jobs created by internationally-owned affiliates in 2010.
• No.2 nationally for attracting international students – 98,906 in 2014. More than a million students are enrolled in undergraduate and graduate programmes at more than 300 colleges and universities. More than 34% of all adults have completed four or more years of college.
• Home to more than 20,000 high-tech firms, including: SEMATECH, General Electric, IBM, Tokyo Electron and the expanding GlobalFoundries Chip Fab and Technology Campus; home to 55 Fortune 500 companies; and home to more than 50 business incubator facilities.
• Home to The Global 450 Consortium, after competing against Europe, Asia and the Middle East. Five leading international companies – IBM, Intel, Samsung, GlobalFoundries and TSMC – are investing $4.4 billion to create the next generation of computer chip technology in New York State. This historic investment marks an unprecedented level of private investment in the nanotechnology sector in New York and will create and secure approximately 6,900 jobs.

Industry sectors with strong representations/strategic clusters in the State include:

• Agricultural & Food Processing
• Business & Professional Services
• Clean Technologies
• Communications & Media Services
• Distribution
• Fashion & Apparel
• Financial Services
• High-Tech Electronics & Software
• Industrial Machinery & Systems
• Insurance
• Life Sciences
• Materials Processing
• Nanotechnology
• Optics & Imaging
• Transportation Equipment

Let Global NY welcome you to New York with the financing, incentives and site selection to help your businesses compete in the global marketplace. Visit global.ny.gov