New York City dominates the economy of the state as the leading center of advertising, banking, finance, media and publishing in the U.S. If New York were a country, the state’s $1.7 trillion-dollar economy would be the 11th largest in the world just above Canada. The business climate of the state, however, is one of extremes. New York’s taxes, union workforce and red tape are among the highest in the country. On the plus side: the Empire state is an economic force comprised of an educated labor pool, huge VC investment, significant cultural and recreation resources and the headquarters of 10% of the 1,000 largest companies in the U.S.
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