Learn more about relocating or expanding to New York

New York business climate, manufacturer incentives, and advantages of NY communities

Relocate or Expand to New York - U.S. Industrial Expansion & Relocation Guide for Manufacturing Companies - Learn more about the New York business climate, manufacturer incentives, and advantages of NY communities. Helping decision makers at U.S. manufacturing establishments find new locations to relocate or expand.
New York Business Data*

New York

Population: 19,541,453
Total Labor Force: 9,630,300
Unemployment Rate: 6.7%
Number of Manufacturers: 16,254
Manufacturing Jobs: 703,024
Right to Work: No
Unemp. Ins. Tax: 1.59.9%
 
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 Manufacturing Industries:
(by % of total manufacturing employment)
16% Printing and publishing
11% Industrial machinery and equipment
10% Electronic and other electric equipment
8% Food and kindred products
8% Chemicals and allied products

Largest Manufacturing Establishments:
(by number of employees)
Time, Inc. (New York) - 6,000
Xerox Corp. (Webster) - 5,500
IBM Corp., Data Systems Div. (Poughkeepsie) - 5,000
Ernst & Young, LLP (New York) - 5,000
Pfizer, Inc. (New York) - 4,500
 
Counties with the Most Manufacturing Jobs:
New York - 155,328
Suffolk - 83,297
Erie - 63,073
Monroe - 57,434
Nassau - 49,645

Cities with the Most Manufacturing Jobs:
New York - 155,328
Rochester - 42,961
Brooklyn - 31,102
Buffalo - 26,261
Hauppauge - 15,011

Manufacturing 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 and businesses to help with your relocation or expansion:

Herkimer County Industrial Development Agency
The mission of the Agency is to help create or retain job opportunities in Herkimer County by both assisting existing area industries and marketing the area to prospective new industries.
P.O. Box 390, Herkimer, NY 13350 (Map & Aerial View)
(315) 867-1373
www.herkimercountyida.com




Looking to reach New York manufacturers? Access the New York Manufacturers Database compiled by MNI.



*Manufacturing stats updated on 6/20/2014. All other stats updated on 6/20/2014. Listings updated on 9/17/2014.

a service of Manufacturers' News, Inc. - directories & databases since 1912