New York City

The Big Apple is a global center of the innovation economy.

Progress that never sleeps

New York City is considered by many to be the capital of the world, and it’s the location of choice for businesses in nearly every industry. The city is headquarters to dozens of Fortune 500 companies and the global center for financial services, life sciences, entertainment, media, fashion, the arts and industry. Yet New York City never stops growing and evolving. Today, the largest city in the U.S. is also the innovation leader. 


private-sector jobs in NYC in March 2019


global ranking for New York City’s startup ecosystem


record-high economic output for New York City

Key facts

Here’s a look at the reasons why businesses of all kinds are thriving in the New York City region:

  • New York-based companies closed nearly 1,000 deals valued at a total of about $9.4 billion in 2017, up from $1.7 billion in 2008.
  • New York City’s share of global venture-capital funding has increased over the past decade to 6% in 2017 from 4.6% in 2008.
  • With a population of 8.622 million and a labor force of 4.242 million, the city has plenty of potential customers and a highly skilled workforce.
  • New York City has 172,693 tech jobs within the 5 boroughs, with a gain of 52,488 tech jobs between 2011-2018.
  • 306 designated Opportunity Zones within the city’s five boroughs provide additional incentives to businesses.
  • New York City is home to many internationally known employers, including Netflix, Warner Media LLC, Pfizer Inc., American Express, NBC, CBS and ABC, Citigroup Inc., JPMorgan Chase, Verizon and MetLife.
  • The Port of New York is the third-largest port in the nation, providing ready access for shipping and receiving products. 
  • Direct service makes travel easy to more than 400 destinations worldwide via LaGuardia Airport (LGA), John F. Kennedy International Airport (JFK), and nearby Newark Liberty International Airport (EWR). And two major rail transportation centers provide connections to cities across the nation.

Whether you’re interested in Brooklyn, Queens, the Bronx, Staten Island or Manhattan, the New York City regional office works hand-in-hand with new and existing businesses to help identify program funding to support business growth and expansion. Below, explore the wide range of economic development programs that are available for building new facilities, relocating a business, expanding operations and workforce and entering new markets and international arenas.

See opportunities in New York City

Visit the New York City Regional Economic Development Council site to see strategic plans, current projects and the latest economic data, plus access funding applications and more.

Empire State Development Division of Small Business

Learn more about programs and initiatives to support small business growth and help entrepreneurs maximize their opportunities for success.

Division of Minority and Women’s Business Development

Click here for more information about MWBE certification in New York State.


Regional Office

Joseph Tazewell
Regional Director
633 Third Avenue
36th Floor
New York New York 10017