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- Empire State Realty Trust
- 111 W 33rd St - New York City
- New York 10120 - United States
- (212) 687-8700
National Historic Landmark, soars more than a quarter of a mile into the atmosphere above the heart of Manhattan - NY. The TowerCAMS can be easily positioned to see just about any sight within New York City. From the Statue of Liberty to the George Washington Bridge, you can see all the sites from the top of the greatest site of all, The Empire State Building! Remember, it's on top of the ESB and the view can be impaired by clouds, fog and wind.
New York State StrengthsLocation / Markets
1. Markets.New York State is at the center of the largest and richest consumer and business market in the world which includes a significant portion of the Canadian and the U.S. economy.
Fifty percent of the population and 50 percent of the income in North America can be found within a 750-mile radius of Central New York.
2. Trade and Investment. The state's strategic location serves to establish New York as the center of American (including Canada) European trade and production.
The flow of international merchandise through New York's ports exceeds $204 billion a year or almost 20 percent of U.S. international trade.
One third of all airborne shipments are handled in New York's international airports. New York exports to 200 nations and is the third leading export state. In 1994, exports to Canada alone were valued at $8.75 billion. There are 13 foreign trade zones in the state, along with 12 sub-zones. These zones lower business costs for companies engaged in international trade.
New York's commercial banking assets on a per capita basis are three times the national average, thus assuring access to capital for trade and investment. Evidence of the advantages of the state's location is found in foreign investment trends. In 1993, New York attracted over $7 billion in foreign direct investment -- more than any other state. Between 1987-1992 overall foreign investment increased by 87 percent. Indicative of the state's pre-eminence as a home office center, New York State leads the nation as the location of choice for FORTUNE 500 companies. New York's 65 major headquarters are followed by California (51) and Illinois (40). New York City the home-office center for 49 out of the 500 leading firms (more than the next three cities combined).
New York City is the worldwide financial center. The New York Stock Exchange accounts for 85 percent of the total capitalization in the country-- more than $ 1 trillion of financial transactions take place on a typical business day.Technology
Technology research and development infrastructure, an important factor in economic growth, is at the leading edge and the most advanced in the world. More than $10 billion is invested in industrial, academic and non-profit laboratory research in the state annually to assure access to leading edge technologies. The R&D facilities of GE, Kodak, Corning, and Grumman, IBM, Xerox and Bausch and Lomb -- all active in leading edge technologies -- are located in the state.New York's Economy: Size And Diversity
New York is one of the largest and most diverse economies in the world. If New York were a nation, it would be the eighth largest economy in the world. The State's Gross State Product (GSP), at almost $506 billion per year, accounts for close to eight percent of the nation's total, even though its share of population is seven percent.
New York has significant concentrations of employment in many industries, including:
- Financial Services: New York is a world center of the banking, securities, insurance and real estate industries.
- Information and Media Services: New York's strengths in the publishing, television and radio, motion picture, and advertising industries are well known. We are also home to a substantial concentration of businesses in the emerging "multi-media" industries.
- Fashion, Apparel and Textiles: New York is a center of fashion, and its New York City based apparel and accessories industries employ nearly 200,000.
- Optics and Imaging: New York's optics and imaging firms are world leaders, involving technologies from photography and optics to advanced electronic imaging processes.
- Information Hardware and Software: New York's information hardware and software industries are also well known. We have substantial employment in computer and office equipment, communications gear, electronic components and accessories, process control equipment, computer programming services, prepackaged software, computer integrated systems design, computer processing and data preparation and information retrieval services.
- Biomedical: Some of the nations best known biotechnology laboratories and most promising biotech firms are located in New York. At the same time, we are home to a substantial number of pharmaceutical, medical equipment and analytical instrument firms.
- Industrial Machinery and Systems: New York has a substantial concentration of firms specializing in environmental and energy conservation services, as well as more traditionally oriented businesses serving the manufacturing sector.
- Transportation Equipment: New York is a significant producer of automotive components and mass transit equipment.
- Distribution: New York's location, linking the rich Northeastern and Midwest regions of the nation, makes it an excellent distribution location. More than 250,000 New Yorkers are employed in distribution related industries.
1. Productivity. New York State has the highest level of productivity among the major states.
For every production wage dollar spent in New York State, $6.02 is generated in value added. The state ranked fourth behind New Mexico, Arizona, and Louisiana and was 19 percent higher than the national average.
Overall, the rate and level of productivity in New York's manufacturing industries has been higher than the national average. In the last half of the 1980s, the productivity growth rate for New York and the US were 4 and 2.3 percent respectively.
New York State's per capita personal income, at $25,731, ranks third behind Connecticut and New Jersey and is close to 19 percent higher than the national average.
2. Labor costs in the state are reasonable and competitive with those of major states.
With average hourly earnings in manufacturing at $12.19, or 22nd among the states in the U.S., labor costs in New York are lower than most major industrial states.Workforce
New York State has a highly skilled and educated work force that contributes to productivity and is appropriate for a technologically advanced economy: In New York State nonagricultural wage and salary employment, at 7,800,300 in 1994 (close to seven percent of the U.S. total) posted consecutive year-to-year increases. More than one million students are enrolled in undergraduate and graduate programs in the state. Nearly 25 percent of all adults have completed four or more years of college, compared to about 20 percent nationally.
Some 44,000 graduate degrees are awarded in science and engineering, representing nine percent of the U.S. total. The state is the residence of nearly nine percent of the Ph.D. scientists and engineers in the country and has more science and engineering graduates than any other state.Education
The educational infrastructure, at all levels, is second to none, and consists of many world class universities, colleges and secondary institutions. There are 314 institutions of higher education, more than any other state except California. (California has 346 with a population that is 12 million more than New York's.) There are 225 private educational institutions of higher education -- more than any other state. About 830 secondary schools participate in the Advanced Placement Program.
New York high school graduates, who account for only six percent of nationwide graduates, comprised 10.8 percent of those taking Advanced Placement examinations, 12 percent of AP scholar designations, 10 percent of the National Merit Scholarship designations, 35 percent of the Westinghouse winners and scored 13 points higher than the national average on the combined College Board Achievement Tests.
On the tenth-grade cognitive tests, administered as part of the National Longitudinal Study, New Yorkers outperformed the nation. The percentage of students who left school without graduating reached a record low of 3.9 percent in 1992-93. The percentage of 11th and 12th graders taking Advanced Placement exams has doubled since 1984. There are more public libraries in New York than any other state.Infrastructure
The infrastructure is one of the most extensive and sophisticated in the world, linking New York's location to the whole of the North American market.
Railroads: 4,000 miles of track, three major rail-freight carriers with complete links to the northeast and major U.S. markets.
Air transport: 329 airports, 444 landing facilities and 94 heliports, serving 60 million passengers.
Sea transport: 16 ports handling 100,000 tons or more, 33 deep-water ports and 800 miles of canals and inland waterways. The New York-New Jersey Port Authority includes the largest container facility in the U.S. with 750 miles of developed waterfront.
Roadways: 40,000 lane miles, 16,461 miles of interstate and state highways, 1,018 long distance haulage companies.
Telecommunications: extremely modern, many miles of fiber optic cable, represented by some of the most important companies in the industry including NYNEX, Frontier and Time-Warner.Quality of Life - New York State offers a diverse and rich lifestyle with:
- Nationally recognized schools, colleges and universities,
- Affordable housing,
- World-recognition as a leader in health care,
- New York City, a unique and diverse metropolis,
- Mid-size cities and suburban environments,
- Rural and wilderness settings,
- City parks and open spaces of mountains, rivers and lakes,
- Hundreds of miles of ocean and beautiful coastal beaches,
- Abundant supplies of fresh water, clear fishing streams and more than 6,000 lakes,
- 150 state parks and 35 major historic sites, including the Adirondack Park, which is as big as the three largest national parks together and larger than any other park in the lower 48 states.