Daily Almanac for
Sep 6, 2008
Search White Pages
Info search tips
Bio search tips

Sponsored LinksTravel reviews & great deals at TripAdvisor:

EncyclopediaNew York, state, United States

Economy

Schenectady, Albany, and New York City, once the major industrial cities of the lower Mohawk and the Hudson, continue their long-time manufacturing decline. Except in the mountain regions, the areas between cities are rich agriculturally. The Finger Lakes region has orchards producing apples, one of New York's leading crops; vineyards here and on Long Island make the state famous for its wines. The state produces other, diverse crops, especially grapes, strawberries, cherries, pears, onions, and potatoes (grown especially on E Long Island); maple syrup is extracted, and New York is the third leading U.S. producer of dairy goods. New York's mineral resources include crushed stone, cement, salt, and zinc.

The state has a complex system of railroads, air routes, and modern highways, notably the New York State Thruway. The New York State Canal System, an improvement of the old Erie Canal, is now mainly used for recreational travel; the Hudson and some other rivers still carry freight. Ocean shipping is handled by the port of New York City and, to a much lesser extent, by Buffalo. Hydroelectricity for N New York is produced by the St. Lawrence power project and by the Niagara power project, which began producing in 1961.

In spite of significant decline, New York has retained some important manufacturing industries, and, by virtue of New York City, it has strengthened is position as a commercial and financial leader. Although the largest percentage of the state's jobs lie in the service sector, its manufactures are extremely diverse and include printed materials, apparel, food products, machinery, chemicals, paper, electrical equipment (notably at Schenectady), computer equipment (Poughkeepsie), optical instruments and cameras (Rochester), sporting goods, and transportation equipment.

Printing and publishing, mass communications, advertising, and entertainment are among New York City's notable industries. Long Island has aircraft plants (although these have declined sharply since the 1970s) and Brookhaven National Laboratory, a research center. Many corporate headquarters and research facilities have relocated in Westchester co., N of New York City. Some commercial fishing is pursued in Lakes Erie and Ontario and in the waters around Long Island. The state has c.18,775,000 acres (7,294,000 hectares) of forest, but forestry is no longer a major industry.

The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2007, Columbia University Press. All rights reserved.

    • Cite
    • Print
    • Bookmark

Premium Partner Content
HighBeam Research

Related content from HighBeam Research on: New York, state, United States: Economy

Renta variable en EE.UU. esperando al cuarto trimestre: sólo cinco fondos de los más de treinta que invierten en renta variable de Estados Unidos logran rentabilidades positivas en los últimos seis meses. (economía fondos).(TT: Variable interest rates in United States: awaiting third quarter results. Only five funds among thirty that hold variable-interest investments in United States managed to post profits in the past six months. (Economy: funds).)(Artículo Breve) (Epoca)

Economy, textile biz on uptick in '92: ATMI. (American Textile Manufacturers Institute sees good news for the textile industry and United States economy in 1992) (Daily News Record)

Don't count on that company pension; the soft economy is taking a heavy toll on defined-benefit retirement plans, with 240 corporations reporting that their plans are underfunded by more than $300 billion. (Nation: retirement planning).(United States) (Insight on the News)

The numbers game. (Viewpoint).(United States economy)(Brief Article)(Statistical Data Included) (Restaurants & Institutions)

Global forecast '96. (United States economy; chemical industry)(Cover Story) (Chemical Week)

STOCK WATCH: TIFFANY DAZZLES WITH ROCK-SOLID 2ND QUARTER: JAPAN SALES STRONG DESPITE SHAKY ASIAN ECONOMY; 23% GAIN IN UNITED STATES. (Crain's New York Business)

Les Origines de la revolution industrielle aux Etats-Unis: Entre économie marchande et capitalisme industriel, 1800-1850 [The origins of the Industrial Revolution in the United States: Between market economy and industrial capitalism, 1800-1850] (Business History Review)

Don't rush into Russia: the resource-rich economy still groans under the weight of a vast state bureaucracy.(Global Marketplace) (Research)

Diversity at the top: the myriad businesses its largest corporations engage in reflect North Carolina's vibrant - and eclectic - economy. (includes Top 75 list of the largest public companies based in the state) (Business North Carolina)

Can cultural tourism make splash in Georgia's economy? The whale sharks swimming in the new Georgia Aquarium are just the first big catch the state's economic developers are hoping to land. They're counting on the aquarium and other cultural attractions to haul in big bucks from a rising trend--cultural and heritage tourism.(A LOOK AT GEORGIA)(Cover story) (EconSouth)

Additional search results provided by HighBeam Research, LLC. © Copyright 2005. All rights reserved.