By the Numbers: Economic Growth in New York
Investing in Infrastructure and Communities
To grow New York's competitiveness in the global economy, we are building today for a better tomorrow with a $100 billion infrastructure plan to build the new NY.
With a bottom-up and community-driven economic development approach, NYS is breathing new life into our Upstate cities and downtown urban districts.
After an extended pattern of flooding along Lake Ontario and St. Lawrence River, Governor Cuomo created the REDI to increase resilience of shoreline communities and bolster economic development.
Reducing NY's Property Tax Burden
Property Tax Relief
Passed Property Tax Relief Credit
Passed $1.5B in Property Tax Cuts to Aid Homeowners and Find Local Governments Efficiencies
Passed 2% Property Tax Cap
The 2% Property Tax Cap is Made Permanent
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Growing Our Tourism and Agriculture Sectors
Governor Cuomo launched Taste NY to support the growth and vitality of NY's food & beverage industry. In 2017, the program saw a $3 million increase in total gross sales over 2016.
To drive economic growth and boost tourism, the State is developing 350 miles of new trail to create a 750-mile pathway for hiking and biking along scenic vistas and charming communities.
Creating Jobs and Growth Opportunities Across the State
High-speed internet is essential for connecting our communities and ensuring that all of New York can compete in the global economy. By 2018, every New Yorker will have access to Broadband.
Since 2011, the NYS Film Tax Credit has generated an estimated $28.2 billion in spending and approximately 1,627,434 new hires in New York State.
With AIM Photonics leading the way, Rochester and the Finger Lakes are now nationally recognized centers of optics, imaging and photonics, with more than 100 companies in the field.