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A SITE SELECTION INVESTMENT PROFILE
NEW YORK
From Site Selection magazine, March 2019
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Why Investors Pick New York: Talent

NEW YORK
Datto technology center
Photo courtesy of Datto

by RON STARNER

New York is the ideal location for innovative companies that are forward-thinking and poised to grow quickly. Getting a better-than-expected ROI is commonplace for people who choose to invest their resources in New York, and the reason is simple: the people. A strong workforce feeds talent into thriving industries.

As part of its plan to revitalize the state, New York has invested heavily into workforce education and training to provide skilled talent to the most competitive industries of the 21st century. That training builds on a pipeline of talent from the state’s top-tier educational institutions.

The proof is in the performance, attested by a bevy of positive rankings. New York now ranks:

  • No. 1 in the Northeast for STEM grads.
  • No. 2 in the U.S. for physical science undergrad and doctoral degrees.
  • No. 2 in the nation for highest number of residents who are scientists and engineers.
  • No. 3 in the U.S. in number of engineering students.
  • No. 3 in the country for high-tech employment.
  • No. 3 in the country for college enrollment in a degree-granting institution.

New York’s educational strengths include the 64-campus State University of New York, the largest comprehensive public university system in the U.S., and New York is the only state with more than one Ivy League university, as it is home to both Cornell and Columbia.

The state is also home to the nation’s first tuition-free degree program, the Excelsior Scholarship, which feeds talent to growing businesses in New York. Scholarship recipients pledge to remain in New York after graduation, ensuring that thousands of freshly minted millennial grads will pursue productive careers in places like Syracuse, Binghamton, Buffalo, Albany, New York, Long Island, Yonkers, Corning, Plattsburgh and Watertown, among others.

“Last year’s launch of the first-in-the-nation Excelsior Scholarship program enabled an unprecedented number of New York’s students access to a college education,” said Dr. Guillermo Linares, acting president of the New York State Higher Education Services Corp. “This year, with Excelsior Scholarship’s expansion, we can truly say that a college degree is more attainable than ever for all New Yorkers.”

In addition, New York is a preferred location for clean energy companies. Recently, New York State committed $15 million to SUNY and $27.5 million total for clean energy workforce development and training programs.

With 4 million millennials already employed in the state’s workforce, it’s no wonder that so many tech firms are making the call to locate in New York.


Learn how New York can help your company grow at https://esd.ny.gov/

Ron Starner
Executive Vice President of Conway, Inc.

Ron Starner

Ron Starner is Executive Vice President of Conway Inc. He has been with Conway for 20 years and serves as editor of the TrustBelt Report and lead organizer of the annual TrustBelt Conference. He also writes extensively for Site Selection and Conway's Custom Content Publishing Division. His Twitter handle is @RonStarner.

  




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