By the Numbers: Economic Growth in New York
Investing in Infrastructure, Communities and Innovation
To grow New York's competitiveness in the global economy, we are building today for a better tomorrow with a $100 billion infrastructure plan to build the new NY.
With a bottom-up and community-driven economic development approach, NYS is breathing new life into our Upstate cities and downtown urban districts.
With AIM Photonics leading the way, Rochester and the Finger Lakes are now nationally recognized centers of optics, imaging and photonics, with more than 100 companies in the field.
Reducing NY's Property Tax Burden
Property Tax Relief
Passed Property Tax Relief Credit
Passed $1.5B in Property Tax Cuts to Aid Homeowners and Find Local Governments Efficiencies
Passed Property Tax Cap
Shared Services Initiative: Engage with your local leaders to find ways to reduce the cost of local government.
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Growing Our Tourism and Agriculture Sectors
Governor Cuomo launched Taste NY to support the growth and vitality of NY's food & bevearge industry. In 2017, the program saw a $3 million increase in total gross sales over 2016.
To drive economic growth and boost tourism, the State is developing 350 miles of new trail to create a 750-mile pathway for hiking and biking along scenic vistas and charming communities.
As the State Fair is an economic driver for Central NY, and with attendance rising each year, Governor Cuomo has committed $120 million to transform and invigorate the fairgrounds.
Creating Jobs and Growth Opportunities Across the State
High-speed internet is essential for connecting our communities and ensuring that all of New York can compete in the global economy. By 2018, every New Yorker will have access to Broadband.
Since 2011, the NYS Film Tax Credit has generated an estimated $15.3 billion in spending and approximately 966,854 new hires in New York State.