New York State is receiving high marks for its business expansion climate from Site Selection magazine, a publication that tracks business trends across the U.S.
In Site Selection magazine's March edition, New York was ranked No. 4 in the nation for business expansion, from 1998 to 2000, with 3,081 business expansions. This is the state's strongest-ever performance in the ratings, up from No. 5 in the magazine's prior review.
In Site Selection's review of individual metropolitan areas in the expansion category, the Buffalo-Niagara Falls area was ranked 16th, up from 24th.
The magazine's rankings are based on data collected from some 1,000 worldwide, state, local and regional reporting teams which are surveyed quarterly for new facility and expansion data. Site Selection's staff also gathers data through online searches, press releases, news clippings and contact with expanding firms.
New York also earned an improved ranking for new job creation. It was ranked fourth in the number of new jobs created per 1 million in population, with 14,389 positions per million. The state was in the No. 6 slot in the prior year's rankings.
New York also made the magazine's Top 10 list for new manufacturing plants for a three-year period, coming in No. 5, up from the No. 7 spot, with 387 new facilities.
The Buffalo-Niagara Falls region was also cited by Expansion Management magazine in its list of "America's 50 Hottest Cities for Business Relocation and Expansion." The area claimed the No. 50 spot in a review of 331 metropolitan regions.