Economy

Local Government Workforce Trends in New York State

The number of full-time local government workers employed outside of New York City contracted by 7.9% from 2007 to 2022, largely the result of two defining events – the recession of 2007-09 and the COVID-19 pandemic. This stands in contrast to the nation as a whole, which saw a 2% increase in the number of full-time local government employees over the same 15-year period. This snapshot report highlights these findings and provides additional analysis by local government class, job function and geographic region.

Economic Snapshot of the Hunts Point Food Distribution Center

The Hunts Point Food Distribution Center (FDC) is the largest food distribution center in the United States. The FDC distributes approximately 4.5 billion pounds of food annually, about half of which is for New York City. Modernizing FDC is critical to hardening the food supply for 22 million people in a 50-mile radius, protecting it from climate, power or other interruptions.

The South Bronx: An Economic Snapshot

The South Bronx has undergone a period of revitalization that has enabled it to thrive as a cultural hotspot within the Bronx and New York City. South Bronx residents continue to face chronic health, economic and environmental challenges, and the City is seeking to address these issues while boosting economic growth. Continued focus on community benefits and active partnership among City departments, community-based organizations, and State and federal leaders, is critical for the long-term success of the South Bronx.

Reductions in Homelessness Among New York’s Veterans

New York has led the nation in reducing the number of homeless veterans – largely driven by success in New York City. Between 2010 and 2022, the number of homeless veterans in the State fell by 83 percent. Robust federal funding has supported the programs to achieve the reductions.

New York City Economic and Demographic Indicators in Relation to New York State

Economic indicators show New York City’s economy is recovering from the depths of the pandemic, with the City accounting for three-fifths of the State’s total wages and its sales tax collections rising to 43% of total statewide collections, nearing pre-pandemic levels. This reference document includes major demographic, economic and fiscal indicators that highlight New York City’s contribution to the State. The economic recovery of New York State is ultimately reliant on the continued return of population and business activity in New York City.

Recent Impact of Gaming Expansions on Revenues and Problem Gambling in New York

State collections from all forms of gaming totaled $4.8 billion in State Fiscal Year 2022-2023. With the legalization of mobile sports betting, the New York State Gaming Commission noted a 26% increase in problem gambling-related calls to the Office of Addiction Services and Supports from 2021 to 2022. More attention should be devoted to understanding the implications of mobile sports betting, particularly on young New Yorkers.

Cyberattacks on New York’s Critical Infrastructure

Cyberattacks are a serious threat to America’s critical infrastructure and have the potential to severely impact our day-to-day lives. According to the FBI, cyberattack complaints in New York State increased 53% between 2016 and 2022, jumping from 16,426 incidents in 2016 to 25,112 in 2022. Estimated losses in New York from cyberattacks in 2022 totaled over $775 million, while losses nationwide totaled $10.3 billion.