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The Big Apple is a global center of the innovation economy
New York City is showing its strength and resilience as New York continues to be the location of choice for businesses in nearly every industry. The city is headquarters to dozens of Fortune 500 companies and a global center for financial services, life sciences, entertainment, tech, media, fashion, the arts and industry. And New York City never stops growing, attracting innovators and entrepreneurs choosing to innovate here and to take the city—and region—into the future.
Key Industries in New York City
Biotech and Life Sciences
Financial Services and Insurance
Software and Digital Media
Tourism
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. New York City is ranked as the world’s top financial center and is a key contributor to the state’s #2 national ranking in general venture capital investment. The New York City MSA is also ranked #1 in tech employment, with companies including Facebook and Google expanding here.
Private and public colleges and universities in New York City – from Columbia and New York University to Fordham University, Cornell Tech and the City University of New York – draw students from around the country and around the world, contributing to the region’s highly educated workforce and talent pipeline. New York City has 187,306 tech jobs within the five boroughs, with a gain of 74,059 tech jobs between 2011-2020.
New York City is an anchor of the state’s global tourism industry—offering visitors a unique mix of arts, entertainment, sports, culture and food. From theaters, concert halls, museums and arenas to new waterfront parks and public spaces, the city has something for everyone to experience.
New York City has the infrastructure to meet business needs, with expanded and reimagined rail and airport terminals and meeting spaces. World-class transportation hubs include the light-and-art-filled Moynihan Train Hall, redeveloped concourses and terminals at LaGuardia Airport (LGA) and a planned state-of-the-art transformation at John F. Kennedy International Airport (JFK). Grand Central Madison now connects the LIRR to Grand Central Terminal. A $1.5 billion expansion of the Jacob K. Javits Convention Center is complete, ensuring its status as a destination for conventions and premier events.
New York City By The Numbers
#1
center for tech employment (NYC/MSA area)
#2
in nation for general VC investment (NYVCA)
#1
world financial center (Global Financial Centres Index)
Population (2023)
Labor Force Status (2023)
Age Distribution (2023)
Education Attainment (2023)
Data source: ZoomProspector (Applied Geographic Solutions)
Doing Business in New York City
Tax-Based Incentives
Operational Support
Growth Support
Innovation Development Support
Regional Office
The New York City works hand-in-hand with new and existing businesses to help identify economic development programs to support business growth and expansion—for building new facilities, relocating a business, expanding operations and workforce and entering new and global markets.