What's New

Zack Hutchins
Director of Communications

February 21, 2002

New York ranks third in adding facilities in annual ranking of business climates

New York State ranks third among all states in adding and expanding business facilities, according to a respected annual ranking of the 50 states' business climates.

Site Selection magazine cited the addition of Empire Zones, major business investments across the state, and "a renewed commitment to making New York a business-friendly state" in ranking New York behind only Illinois and Kentucky in its annual "Governor's Cup" ranking of states' economic growth and promise.

"Site Selection's recognition is further confirmation that the dramatic steps we have taken over the last seven years helped turn New York from a place that companies left every day into a place in which companies want to create jobs," Governor Pataki said.

Business Council President Daniel B. Walsh praised the news.

"While many states are talking about raising taxes on businesses and workers, New York continues to cut taxes and see powerful benefits," Walsh said in a statement.

"Corporations are locating and expanding here because Governor Pataki and the Legislature have made the Empire State a much better place in which to do business.

"As we continue our commitment to reducing taxes and take other steps to be more competitive, we will see more new businesses-and more jobs-in New York State."

Site Selection based its calculations on its own data base of information on more than 110,000 corporate-location projects since 1989, including factories, offices, R&D facilities, headquarters, and other facilities.

States were ranked on 10 criteria: