Why NY?
New York's gross state product in 2008 was $1.1 trillion, ranking third in size behind the states of California and Texas. Globally, New York State (NYS) ranks as the 11th largest economy in the world. Its 2008 per capita personal income was $48,076, ranking 6th in the United States. A 2008 estimate places New York as the third largest state in population after California and Texas, with an estimated population of 19,490,297 as of July 1, 2008. Its size, economic power, and proximity too many of the world’s leading companies, makes New York State an attractive place to invest.
Major industries in NYS include clean technology, education, financial services, information and nanotechnology, and life sciences and biotechnology. The following are just some of the reasons NYS is a prime place to invest in such industries:
Upwards of 250 institutions of higher education, both public and private, whose direct economic impact exceeds $100 billion annually
Ranks 2nd in the nation in total research and development investment
Headquarters of 94 of the world’s Fortune 500 companies, the most of any state
Goal of obtaining 45% percent of its energy from renewable resources by 2015
Home of College of Nanoscale Science and Engineering (CNSE) at SUNY Albany, a $4.5 billion mexaplex which is the most advanced research complex of any university in the world
In total NYS investment in nanotechnology has exceeded $13 billion
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