STATE OF THE FUTURE: NEW YORK

With a GSP of $821.7bn in 2003, the last year for which figures are available, New York State represents 7.1% of the national economy. Strong exports and domestic expansions guarantee the “Empire State” will continue to provide positive economic growth. The international division of Empire State Development works to attract FDI through its five overseas offices (four of which are for export promotions only).

The state offers an educated workforce – more than 27% hold university degrees. More than 300 universities and academic institutions are located in the state, among them Cornell University, Columbia University, New York University, the Julliard School of Music and others.