Be part of NYC's Booming Economy
New York City is the most populous city in the United States. As a global power city, New York boasts a thriving economy that has significant impacts in the commerce, finance, media, art, fashion, research, technology, education, and entertainment industries. With a strategic location and a status as a globally recognized symbol of the United States, New York City is a thriving hub for business.
New York City is a globally recognized city that is home to Fortune 500 companies, as well as, foreign companies.
New York City is a major center for banking and finance, retailing, world trade, transportation, tourism, real estate, new media as well as traditional media, advertising, legal services, accountancy, insurance, theater, fashion, and the arts.
In 2012, New York City topped the The Atlantic's first Global Economic Power Index.
New York City is home to Wall Street, the headquarters for the U.S. financial industry.
With Silicon Alley, New York City's answer to Silicon Valley, centered in Manhattan and a growing biotechnology sector, New York City is also attracting high technology and information technology businesses. New York City also boasts a strong tourism industry and offers plenty of opportunities for growing business.
Business Structure and Licensing
To start a new business in New York City, you must first select a business structure. If you are looking to set up a corporation or LLC for your business, you must register with the New York Department of State's Division of Corporations, State Records and Uniform Commercial Code. For businesses that are general partnerships and sole proprietorships, these businesses must register with the appropriate County Clerk.
A business license is required for operating certain types of businesses in New York City. The City of New York DCA Licensing Center can provide further information.
Businesses that engage in the sale of taxable tangible personal property or taxable services must register as a sales tax vendor with the New York State Department of Taxation and Finance.
Business Support From The City
There are many organizations that provide support to businesses in New York City. Greater New York Chamber of Commerce offers networking, educational forums and international trade events.
Small businesses can obtain support from SCORE New York City which offers free mentoring, access to free business resources, educational workshops and funding options.
Women Entrepreneurs NYC, a program from the city's Department of Small Business Services (SBS), offers free training for new women entrepreneurs.
The following links provide resources to help you get started with your New York City business:
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