Close up of tech and electronics gadget

The New York IT and electronics industry is charging ahead

New York State continues to be at the forefront of the high-tech electronics industry through innovative tax incentives and other support for research and development (R&D), capital investment and internet data centers. Just a few of the industries that benefit from the state’s robust R&D facilities, tech infrastructure and workforce include semiconductors, molecular design software, molecular mechanics, nanobiotechnology, biotechnology and nanoscale networks.

Working with private companies and partnerships, New York State has invested more than $5 billion in the Albany NanoTech complex over the past five years, where leading research is performed by Tokyo Electron, IBM, SUNY Poly SEMATECH, Applied Materials, and others. This investment and consortium places New York at the center of leading-edge semiconductor research and development. 

#3

in the nation for high-tech employment

369,533

New Yorkers work in high-tech positions

$47M

to support New York State innovation and job creation is available through the Innovate NY Fund

Key facts

New York State keeps the high-tech and electronics industries innovative with great tax initiatives, an educated workforce, and the support of organizations focused on the future. Here’s how New York helps business excel:

  • New York State ranks No. 2 in the nation in academic R&D expenditures, and this research is split almost evenly between upstate and downstate colleges and universities.
  • New York State ranked fourth in technology and innovation in 2016 (CNBC), thanks to the state’s well-educated and technologically literate workforce.
  • Investments in R&D facilities are eligible for a 9% corporate tax credit.
  • Empire State Development’s Division of Science, Technology and Innovation (NYSTAR) funds 15 Centers for Advanced Technology (CATs) to encourage greater collaboration between private industry and the universities of the state in the development and application of new technologies. The program facilitates basic and applied research, development and technology transfer in collaboration with private industry. 
  • The New York State Smart Grid Consortium supports tech companies by bringing together the world’s leading energy experts to identify opportunities showing the most promise for broader smart grid technology deployment, including microgrids. The organization promotes shared institutional knowledge and accelerates the advancement of technical change. It is the only organization of its type in the U.S.
  • In New York City alone, nearly 7,000 high-tech companies provided more than 100,000 jobs during the third quarter of 2013.

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A strong tech economy

New York State’s excellence in IT and electronics comes from having a strong educational and research backbone that the industry can leverage and rely upon. Many of New York’s world-class educational and research institutions, such as the Center of Excellence in Nanoelectronics and Nanotechnology at the University at Albany, are dedicated to the nanoelectronics and electronics industries.

Beyond simply educating today’s tech workers, many of New York’s top universities take an active role in innovation and problem solving in the tech industry itself. Just one example: The Center of Excellence in Nanoelectronics and Nanotechnology (CENN) at SUNY Poly CNSE’s Albany NanoTech Complex acts as a world-class center for technology deployment. Integrated 200mm/300mm wafer research and development facilities enable companies to perform quick-turn prototype runs, ensuring the technology they develop is manufacturing-worthy and cost-effective. The CENN also trains scientists, engineers and technicians to support the needs of the nanoelectronics industry in the 21st century.

Industry Contact

Mark Reynolds
Senior Director, Industry Development; Aerospace and Micro Electronics
  • Tech and Electronics
(315)793-2366