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FOREIGN DIRECT
INVESTMENT ASSISTANCE
Businesses around the world choose New York
for their investment needs.
New York State is
optimally positioned at the center of the
world’s largest, richest, and most active
consumer marketplace.
Located in the heart of
the biggest concentration of population in
North America, New York is within one day’s
highway travel of more than 55 percent of
the nation’s population and more than 60
percent of the population of Canada. Many
of the nation’s major cities, including
Milwaukee, Pittsburgh, Chicago, Louisville,
Charlotte, Raleigh, Washington, D.C., Boston
and Portland, Maine are within one day’s
drive of New York locations. In fact, New
York’s location has made it a preferred
location for distribution activities serving
the Northeast, Midwest, and Mid South.
Home to more than
1000
foreign-owned operations,
New York State leads the nation in
foreign direct investment and
represents overseas interests in almost
every industry. This includes finance and
banking, retail, business services,
transportation, distribution, and
manufacturing.
New York
offers businesses and residents a superior
infrastructure that enhances their quality
of life and economic well being. Its
Northeast crossroads location and shared
border with Canada make it an ideal location
to base a business.
The
State has over 500 airports and
landing facilities; direct flights to over
150 cities worldwide; thousands of miles of
rivers and 33 deep-river ports; ready access
to the Great Lakes, St. Lawrence Seaway and
the world's oceans; and 112,000 miles of
roadways.
The Empire State has
more than 2,300 miles of interstate and
expressway miles – the third highest total
in the nation. Perhaps more surprising is
the fact that New York has more rural
interstate mileage than 35 other states. As
a result, New York’s highway network
provides easy access from each of the
state’s metropolitan centers to Canada and
the Southeast, as well as New England and
the Midwest. By rail, New York is served by
the Norfolk Southern and CSX companies,
along with a number of smaller regional
carriers. Port facilities are located in New
York City, as well as Albany, Buffalo,
Ogdensburg, and Oswego.
Distinguished by a highly skilled
workforce, the Empire State is recognized
internationally for its superior education
system and dedication to research and
development. With a strong focus on high
technology, New
York State is pioneering such disciplines as
Nanoelectronics that will radically
transform and advance our standard of living
in the 21st century. Working
closely with Empire State Development, New
York has invested heavily in the research
and development of futuristic sciences and
launched many incentive-driven business
development initiatives.
A magnet for investors
from around the world, New York State is
known for a business-friendly atmosphere
that dates back more than a century when the
first foreign business opened in New York
City’s downtown. Today New York houses
pockets of specialized technology throughout
the State through
the Centers of Excellence network, a
$1 billion partnership of academia, business
and government to stimulate research and the
rapid commercialization of scientific
breakthroughs.
The established Centers
are Bioinformatics in Buffalo, Environmental
Systems in Syracuse, Photonics in Rochester,
Nanoelectronics in Albany, and Wireless
Internet and Information Technology in Long
Island. In the initial development stage
are Centers focused on Biotechnology in West
Chester and Medical Research and
Biotechnology in New York City.
Underscoring New York’s
new status as a high technology leader, the
State was chosen as the future base for
International SEMATECH North, a global
consortium of 12 prominent computer chip
manufacturers. The group will locate its
next generation computer chip research and
development center at New York’s Center of
Excellence in Nanoelectronics at Albany.
The magnitude of the
project is reflected in the makeup of the
consortium partners who come from around the
world. They include IBM, Intel, Motorola,
Hewlett-Packard, Texas Instruments, Advanced
Micro Devices, Philips, Hynix and TSMC.
Tokyo Electron Limited
(TEL) is establishing a $300 million
research and development facility at the
Albany Center of Excellence. The world’s
second largest manufacturer of semiconductor
manufacturing tools with headquarters in
Tokyo, TEL will use the facility for
advanced tool design and prototyping for
future generations of computer chips.
Empire State
Development Resources to Enhance Your
Investment Strategy
Empire State
Development’s International Division
administers the State’s foreign investment
attraction efforts, working in close
coordination with ten regional offices in
the State and nine foreign offices in the
United Kingdom, Japan, Toronto, Montreal,
Israel, Mexico, Brazil, Chile and South
Africa. All services and assistance provided
are free of charge and business transactions
are handled on a highly confidential
base.
ESD’s comprehensive
range of technical assistance includes:
·
Business plan development;
·
Identification of potential sites and
buildings;
·
Providing demographic, wage, tax and
utility cost, labor availability data and
other information essential to executing
your investment;
·
Access to State and local government
incentive programs, including those focused
on financing, tax benefits and job
training;
·
Obtaining necessary permits from the
State and local government;
·
Furnishing relevant information on
the community in which you plan to invest
and introduction to local government
officials and business associations;
·
Project coordination and facilitation
through our network of regional and foreign
offices;
·
Specialized assistance for investors
interested in forming a joint venture or
strategic alliance with a private entity or
academic institution in New York State;
·
Access to any New York State
assistance program for a newly-established
business;
·
Training assistance to small and
large businesses, which includes funding for
up to 50% of any training project, training
in new technologies, funding for consortia
projects, and workforce development
liaisons.
Investment Success
Stories from International Clients Who Chose
New York State
·
“Empire State development
played a tremendously important role in our
ongoing efforts to build our first foreign
Maitake Mushroom growing facility in
Sullivan County, New York.
We are excited that we could deliver a new,
unique product to the United States. Our new
site in Sullivan County should be perfect
for our operation with great access to areas
within the Northeastern U.S. and beyond.
With beautiful, rich natural resources, a
highly trained and educated workforce and
solid financial support programs provided by
the State and the County, I am confident
this new plant will be a huge success.”
Kazunori Kameyama
President & CEO
Yukiguni Maitake Mfg. Corp. of America
·
“In moving our operations to
the Griffiss Business and Technology Park in
Rome, Empire Aero Center (formerly
Commodore Aviation, Inc.) made a strategic
decision to set up a new facility that will
provide a proper base to meet our long range
business plan that requires room for growth
and a reduction in operating costs. We are very eager to
work with the local community. The existence
of a professional and skilled work force in
Rome was a major factor in our selection
process."
Joseph Reinherz
President
Empire Aero Center
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