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Employee Ownership of Businesses in New York State

Employee ownership (EO) arrangements provide employees with a defined stake in the companies they work for and can impact business owners and individual workers positively. This report examines the prevalence of employee-owned firms in New York and provides options for policymakers to consider for educating businesses, workers, and communities on the benefits and drawbacks associated with EO.

The Technology Sector in New York City, October 2022

Technology sector employment in New York City increased by 33.6% (43,430 jobs) from 2016 to 2021 to reach a record high of 172,570 jobs. The city’s private sector lost 3.3% of jobs during this same period. Businesses in the tech sector also grew, accounting for 22.3 percent of the City’s total private firms added during the same period. Most of these firms consisted of fewer than 10 employees and contributed to the citywide growth in microbusinesses during the pandemic.