New 600,000 square-foot HQ Supports the Growth of Major 'Big Four' Firm in New York
Governor Andrew M. Cuomo today announced Ernst & Young LLP, one of the largest professional services firms in the world, will establish its new U.S. headquarters at One Manhattan West. The expansion is anticipated to create up to 1,152 jobs over the next seven years.
"Ernst & Young's decision to locate their national headquarters in the Empire State is proof that our diverse talent, thriving economy and unparalleled opportunities make us the economic capital of the world," Governor Cuomo said. "Our investments to attract and retain the world's leading companies are creating high-paying jobs and leveraging new investment to help strengthen and grow our economy."
EY will occupy 17 floors of One Manhattan West, the 67-story, 2.1-million-square-foot office tower under construction on the west side of Manhattan. EY is anticipated to create up to 1,152 jobs over seven years. To encourage EY's expansion in New York, Empire State Development offered the firm up to $12 million in performance-based tax credits through the Excelsior Jobs Program.
Richard M. Jeanneret, Vice Chair - Northeast Region Managing Partner, EY, said, "EY continues to grow and expand in serving our clients and our people across the Tri-State region. Today's agreement with One Manhattan West, an inspiring, state-of-the-art environment in one of the best connected locations in the city, aligns with EY's focus on innovation across all aspects of business. EY's commitment to our clients and our people in the New York area and around the world keeps us constantly focused on what's next - staying on the leading edge of business. One Manhattan West, with its convenient location and focus on connectivity and technology, is a great addition to our Metro New York footprint which includes our two new EY wavespace locations and a brand new office and learning center in Hoboken. We are constantly evaluating opportunities to expand EY's ability in helping our clients navigate the transformative age."
The EY organization is a global leader in assurance, tax, transaction and advisory services. The EY global network has more than 250,000 employees in over 700 offices and 150 countries around the world. EY has been named to FORTUNE's 100 Best Company to Work for nineteen years in a row, Working Mother's 100 Best Companies list for the past 20 years, and the 2017 Top Company for Diversity by DiversityInc.
EY's move into One Manhattan West complements the expansion of its Manhattan footprint with two growth and innovation "wavespace" centers in Union Square and Chelsea that focus on business transformation and innovative thinking across disciplines, experience and industry sections and that feature a shared methodology and platform combining EY's deep experience in areas such as artificial intelligence, robotics process automation, blockchain, data analytics, digital, customer experience and cyber security - with EY's deep industry domain and regulatory experience.
Empire State Development President, CEO, and Commissioner Howard Zemsky said, "Global companies choose New York because of our skilled, diverse workforce, our investments in 21st century infrastructure, and our economic development strategies designed to help businesses grow, succeed, and create jobs. EY has a long history in New York and we hope to see that momentum for years to come."
Congressman Jerrold Nadler said, "It is wonderful news today that we are announcing that Ernst & Young LLP has decided to add 1,152 jobs and create their new US Headquarters in NYC's newest office development, Hudson Yards on Manhattan's west side, a growing neighborhood for businesses, culture and residents. I congratulate Governor Cuomo and Empire State Development who have worked on making this deal a reality, and thank EY for their continued commitment to New York."
Senator Brad Hoylman said, "I'm thrilled Ernst & Young will make One Manhattan West its new headquarters, creating 1,000 new jobs in the process. Having a global industry leader like EY in our own backyard speaks to the vitality of New York City and the west side of Manhattan in particular. I'm grateful to Governor Cuomo for his continued leadership on economic development projects that will benefit countless New Yorkers."
Senator Marisol Alcantara said, "I am so pleased to hear that Ernst and Young has selected our great city as a location for its new US Headquarters. Bringing 1,000 new jobs to NYC will continue to strengthen our local economy and build on the vitality of our finance industry."
Assemblymember Richard N. Gottfried said, "I congratulate Ernst & Young on its decision to establish its new U.S. headquarters in New York City, and welcome them to Manhattan's West Side. Ernst & Young recognizes New York City's dynamic role as a capital of world finance and a great place to live and work."
New York City Council Member Corey Johnson said, "The West Side of Manhattan continues to generate good jobs for the people of New York City. The growth in employment opportunities that we've seen in recent years has been very impressive, and the Ernst and Young headquarters will contribute to that trend. I want to thank Governor Cuomo for making this possible and for giving me the opportunity to publicly welcome Ernst and Young to our community."