Deal makers conference 390.
(photo credit: Screenshot: Media Line)
The Economist Intelligence Unit this week released a research report showing
that New York tops 120 world cities in business
Commissioned by Citi, the Hot Spots report ranks the
most competitive cities in the world for their demonstrated ability to attract
capital, business, talent and tourists.
It cited New York City’s
innovative Applied Sciences NYC competition, which has resulted in the
development of a new applied-sciences campus being built on Roosevelt Island by
Cornell University and The Technion-Israel Institute of Technology.
data from the New York State Department of Labor released last week also showed
that New York City leads the nation in terms of economic recovery, added
private-sector jobs at a rate almost 60 percent greater than the country as a
whole in 2011 and over the last two years created more jobs than the next 10
largest cities combined.
New York Mayor Michael Bloomberg praised the
report, saying: “If you want to start a business, create a new product, or have
a big idea, New York City is the place to be.”
“New York City’s position
at the very top of this list is no accident: It’s due to the investments our
administration has made and the world-famous ingenuity and creativity of New
Yorkers,” he said. “The global economy has made the competition between cities
more important than ever, and it is vital that we continue to live up to the
reputation we’ve earned as the greatest city in the world.”
director of New York State’s Representative Office in Israel, said the report
reinstates New York City as the business center of the world, and he urged
Israeli firms to consider the city for further investment.
companies expanding to the US should consider New York first,” Stoch
“The state and city are very business-friendly now. The forthcoming
Technion-Cornell partnership to establish a state-of- the-art technology campus
in New York will enhance the city to new levels of innovation and growth.”