Business in New York contributes majorly towards taking the economy of the state to new heights. In fact, it wouldn’t be wrong to say that the city of New York dominates the economy of the state. The leading Business in New York are: banking, finance, industrial output like printing and publishing, machinery, electric equipment, chemical products, scientific instruments, communication and tourism. New York is the destination for the New York Stock Exchange or NYSE on Wall Street, Manhattan. The Bureau of Economic Analysis estimates that in 2005, the total gross state product was $963.5 billion, ranking 3rd behind California and Texas. Had New York been a nation, it would rank as the 16th largest economy in the world. The state's economy grew slightly slower than 3.3 per cent. In the year 2005, it ranked as the 25th fastest growing economy in the US. In the year 2005 its per capita personal income was $50,038. This shows an increase of 5.9 per cent from 2004, placing it in the 5th position behind Massachusetts. The dairy Businesses in New York also plays an active role in its economy. Cattles and other livestock, nursery stock, vegetables and apples of New York are also important.
Many of the world's largest corporations have their home offices in Manhattan or in nearby Westchester County, New York. The state also has a large manuyfacturing sector which includes printing and the production of garments, railroad rolling stock, furs, and bus line vehicles. Some industries are concentrated in the northern part of New York, such as the ceramics in the southern tier of counties, microchips and nanotechnology in Albany, and photographic equipment in Rochester. There is a moderately large saltwater commercial fishery located along the Atlantic side of Long Island. The principal catches are clams, squid, lobsters and flounder. There used to be a large oyster fishery in New York waters as well, but at present, it consists only a small portion of the total value of seafood. Perhaps the best known aspect of the fishing sector is the famous Fulton Fish Market in New York City.
Mining in New York is concentrated in three areas. A major New York business comprises of export of a wide variety of goods such as foodstuffs, minerals, commodities, cut diamonds, manufactured goods and automobile parts. Fishing, mining and export form the small Business in New York. These are also important sectors in the economy of New York and contributes in the economy of the state. Agriculture and agricultural products are important Business in New York. Agricultural activities like: livestock products, meat production, crop production, floriculture crops, dairy products, poultry production, and fruit productions are the important business related to the agricultural sector of the state. Some of the important fruits and agricultural products of New York are: apples, grapes, pears, strawberries, sweet corn , snap beans and cabbage. It addition to all these, the tourism industry also contribute heavily towards the economy of the state. Being one of the alpha city of the world, every year it attracts millions of tourists that include business tourists, foreign tourists as well as people from other neighboring cities.
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