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Industry Clusters -
Professional & Business Services
Introduction
Special Industry Information
Resources
Industry Specialist
IntroductionNew York State is a world-leader in the business services
industry. The State boasts an impressive network of quality business services,
such as call centers, credit reporting/ collection firms, personnel services businesses,
specialized software companies, and other outsourcing firms supporting the corporate
services industry.
New York's business services industry is one of the most important in
the State's economy, due in part to its interdependence with the State's financial
services industry - a relationship which helps New York attract a significant
number of corporate headquarters. "The Big Four" accounting firms are
located in New York, as well as 34 of the top 100 law firms and 17 of the top 40 management consulting firms.
As an international leader in the new
global knowledge-based economy, New York is home
to numerous leading national and international
business services firms, such as:
| Deloitte & Touche LLP |
Booz Allen & Hamilton |
Citicorp Credit Services |
| PriceWaterhouseCoopers |
Ernst & Young, LLP |
Young & Rubicam
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| Mastercard International |
KPMG |
Zogby International, Inc. |
| IBM Global Services |
McKinsey & Company |
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New York State offers a host of resources for companies in the business services
industry. Our world-class academic and research institutions, available workforce,
excellent telecommunications infrastructure, and decreasing energy costs make
New York the preeminent place to do business -- not to mention the fact that the
State's economy is stronger and more vibrant than ever. Aggressive tax cuts ($40.7
billion for businesses), the streamlining or elimination of 1800 regulations and
the implementation of pro-business programs over the past six years have lowered
the cost of doing business in the State, making New York the premier location
for your business services company to grow and prosper.
Special Industry Information
ESD's at-a-glance profile of the Business Services industry in New York State
offers important information to help your company better understand the general
state of the industry. Our white papers offer you the latest research available,
highlighting the Business Services industry.
Business Services 0401
Special Initiatives
Specifically for Back Office Operations and Call Centers
- Effective February 1, 1997, the sale of Internet access service, including
start-up charges, is exempt from sales and use taxes under Articles 28 and
29 of the Tax Law. In addition, for taxable periods ending on or after February
1, 1997, Internet access service is not subject to the telecommunications
excise tax imposed under section 186-e of the Tax Law.
- Also effective February 1, 1997, storing advertising on a server located
in New York, or having advertising disseminated or displayed by an Internet
service provider that does business in the State, will not create a nexus
with New York for purposes of sales, gross receipts, and corporation taxes.
- Out-of-state suppliers can use New York State fulfillment/distribution companies
to sell and warehouse their products without being charged State corporate
franchise or sales taxes.
Resources
Check here for statewide, national and international resources relating to
the Business Services Industry in New York State.
New York State
National/International
Industry Specialists
For more information regarding the Business Services Industry in New York State,
please contact Empire State Development's Industry Specialists.
Steven Gold, Industry Director, Professional & Business Services
Telephone: (212) 803-3668
E-mail: sgold@empire.state.ny.us
Linda Serritella, Industry Director (Call Centers)
Telephone: (518) 292-5200
E-mail: lserritella@empire.state.ny.us
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