New York State’s 2008 Gross State Product (GSP) is about $1.1 trillion a year and is over eight percent of the nation’s GDP. New York ranks as the fifteenth largest economy in the world.
 
New York State is ranked sixth in the nation in attracting new and expanded corporate facilities, according to the March 2009 issue of Site Selection Magazine.  In 2008 New York attracted 208 new and expanding business projects.
 
New York is ranked second in the nation in terms of the number of Fortune 500 companies headquartered in the State, according to Fortune Magazine, 2008, with a total of 56.
 
High technology ranking: New York State ranks third in the nation in high technology employment (301,500),  high-tech payroll ($24.4 billion) and fourth in number of high-tech establishments (17,700) Source: American Electronics Association’s Cyberstates 2008 report.
 
International Investment:  New York State’s share of gross property, plant and equipment of foreign affiliates was $82.6 billion in 2007. This international investment level ranks New York State third in the nation after Texas and California.

Major investors are:

New York merchandise exports totaled $79.6 billion in 2008 and continued to rank the State in third place after Texas and California.

For more information, contact Empire State Development at 1-800-STATE-NY or visit your ESD Regional Office.

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