Admin

Subscribe to Admin

New York City Economic and Demographic Indicators in Relation to New York State

Economic indicators show New York City’s economy is recovering from the depths of the pandemic, with the City accounting for three-fifths of the State’s total wages and its sales tax collections rising to 43% of total statewide collections, nearing pre-pandemic levels. This reference document includes major demographic, economic and fiscal indicators that highlight New York City’s contribution to the State. The economic recovery of New York State is ultimately reliant on the continued return of population and business activity in New York City.

Primary Contact Change Form Confirmation


Your Primary Contact request has been received.

Primary contact updates are not immediately effective. It takes a minimum of two weeks for review. Upon approval, the primary contact will receive an invitation to the Vendor Self-Service Portal to complete registration.


 

NY State Comptroller DiNapoli Announces New $50 Million Investment in Northern Ireland

New York State Comptroller Thomas P. DiNapoli was joined in Belfast by Joseph Kennedy III, U.S. Department of State Special Envoy for Northern Ireland Economic Affairs and Bernard McGuire, Managing Director of 57 Stars, an international private equity investor, to announce a new $50 million commitment to invest in Northern Ireland companies from the New York State Common Retirement Fund. The investment from the state pension fund’s private equity program will be managed by 57 Stars, a Washington D.C. based investment manager.

DiNapoli: Local Sales Tax Collections Increase by 3.6% in Third Quarter Over Last Year

Local government sales tax collections in New York state totaled $5.9 billion in the third calendar quarter of 2023 (July - September), an increase of 3.6%, or more than $205 million, compared to the same period last year, according to a report released today by State Comptroller Thomas P. DiNapoli. This marks the second consecutive quarter of collections returning to lower pre-pandemic year-over-year growth rates.

DiNapoli: New York City Continues to Rebound and Regain Share of State Economic Activity

Economic indicators show New York City’s economy is recovering from the depths of the pandemic, with the city accounting for three-fifths of the state’s total wages and its sales tax collections rising to 43% of total statewide collections, nearing pre-pandemic levels, according to a report released today by State Comptroller Thomas P. DiNapoli. Even with these and other positive developments, more people and jobs need to return to the city to fuel economic growth for the city and the state.