Economy & Workforce
Gross Domestic Product (GDP): $ 1,103 billion (2007)
Annual Real GDP Growth: 7.3% (2007-2008)
Annual Unemployment Rate: 5.4% (2008)
Annual Labor Force: 9,680,000 (2008)
Number of Colleges/Universities: 309
Number of Technical Colleges: 435
Population with Associate’s Degree or Higher: 34.5% (2008)

New York is a diverse state in its population, the nature of its regions and geography, and the breadth of its cultural and recreational attractions. This diversity provides a variety of location choices for people and business from sophisticated urban centers to rural and wilderness settings.


Top Five Countries Investing in New York State
United Kingdom
Canada
Japan
Germany
France


Priority Sectors for Investment
Life Sciences and Biotechnology
Nanotechnology and IT
Clean Technology
Education
Financial Services


Research & Development
New York has formed outstanding public and private university research partnerships, with annual research expenditures of almost $2 billion. In addition, the State has implemented several important initiatives to boost growth in the high tech industry, including the Centers of Excellence, a statewide network of cooperative research and development centers among universities, private industry and State government.