New York - The City of Skyscrapers





 New York - Business Information

Business Facts

GDP per capita: $37,600
Major Exports: Capital Goods, Software, Automobiles, Industrial Raw Materials, Consumer Goods & Agricultural Products
Major Foreign Exchange Counters: Western Union & American Express
Key Industries: Tourism, Gambling, Entertainment, Service, Trade Show, Mining & IT
Major Industrial Areas: Apex Industrial Area & Nellis Area
Major Business Hubs: Las Vegas Convention Center, Sands Expo & Convention Center, Mandalay Bay Convention Center, The Strip, Railroad District, Douglas Avenue, Bridge Street, New Town Mills Avenue & Grand Avenue

Business Overview
The City of New York is not only a major international business hub but is also one of the "command centers" for global economy. The finance, insurance and media industry forms backbone of the city's economy.

Being the global business center, the city headquarters some of the most important stock exchanges, banks and many other international corporations. Besides housing NYSE, the largest Stock Exchange in world by dollar volume, NYC also possesses NASDAQ, the world's largest by number of listings. Some other financial markets of the city are the American Stock Exchange, New York Mercantile Exchange and numerous ‘Fortune 500’ companies.

Not just the most important center for mass media, journalism and publishing in the United States, NYC is also a chief arts center of the country. Sectors like television and film industry of the city are the second largest in the United States after Hollywood. Trade Fair and expo centers like Jacob K. Javits Convention in the city is also internationally famous venue where hundreds of Trade Shows are held which attracts exhibitors and traders from across the globe.

Other important industries of the New York are medical research, technology, non-profit institutions and universities and fashion. Rapidly increasing commercial role of the city’s medical laboratories and research centers, science and research is a strong future growth sector. Last but not the least, the creative industries like design, new media, and architecture account for the large share of city’s employment.

Major Business Centers
Jacob K. Javits Convention Center:
With exhibition space of over 675,000 sq. feet (62,700 m2), Javits center is one of the most important exhibition venue of Unites States. Being a major Expo site hosts some of the most significant international trade shows annually like ASD/AMD Merchandise Show, Material World and Infosecurity.

American Stock Exchange (AMEX):
The third largest stock exchange by trading volume in the United States, AMEX is located at Broad Street near Exchange Place. The Exchange handles about 10% of all securities traded in the U.S.

AMEX has its roots back to colonial times when stockbrokers used to create outdoor markets but now it has been merged with NASDAQ. Today it is home to more than 700 companies and trades 20 corporate bonds.

AMEX is known for its trading of Exchange Traded Funding (ETFs) and hybrid securities with majority of US listed ETF's being traded at the Exchange, including the Standard & Poor's Depositary Receipts (SPDR) and most Powershares.

New York Stock Exchange (NYSE):
Also known as “Big Board”, NYSE is the largest stock exchange in the United States by dollar volume and second largest by number of companies listed. The total market capitalization of companies listed on NYSE is five times that of companies listed on NASDAQ.

Formed by merger with the fully electronic stock exchange Archipelago Holdings, New York Stock Exchange is operated by NYSE Group. The NYSE’s main building is listed on the National Register of Historic Places that is located at the famous Wall Street.

Major Commercial Hubs
Manhattan:
Manhattan is the main commercial, financial and cultural center of New York City. Lapping most of the famous landmarks, whether tourist or business, it forms the famous skyline of New York.

Heartbeat of the New York’s Business Life, Manhattan houses most of the city's corporate headquarters and is also the seat of city government. Some of the major commercial districts and buildings include Wall Street, New York Stock Exchange, NASDAQ, Woolworth Building, World Financial Center & Battery Park City. The District also houses the headquarters of the United Nations Organization (UNO).

Fifth Avenue:
Situated at the heart of Midtown, Fifth Avenue is a symbol of wealthy New York and is considered one of the most expensive streets in world due to its expensive real estate and historical mansions. It is also one of the best shopping streets in world after London's Oxford Street and Champs Elysées in Paris.

Home to many landmarks and famous buildings like Empire State, the avenue is also a popular retail center with numerous luxury stores.

Downtown Brooklyn:
The third largest central business district and most important shopping and theatrical zone of New York City, Brooklyn is located in northwestern section of the borough (administrative division) of Brooklyn. Numerous important office buildings like Williamsburgh Savings Bank Tower, MetroTech Center and Borough Hall (the seat of the county and borough government) give the area its own skyline distinct from that of Manhattan.











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