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New York

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Overall Rank

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3

Ease of doing business

theboardiQ Economic Relevance Score, ranks States of USA based on 14 parameters and 4 Pillars

4 Pillars National Ranking

Economic Scale & Vitality
Innovation & Enterprise
Human Capital & Living
Structural & Policy
2
4
3
28

14 Core Economic Indicators National Ranking

Economic Scale & Vitality National Ranking

GDP Overall Rank
Trade Overall Rank
Employment Overall Rank
3
2
27

Innovation & Enterprise National Ranking

R&D Overall Rank
F500 Rank
VC Per Capita Rank
18
3
7

Human & Capital Living National Ranking

Education Rank
Disposable Income Rank
Cost of Living Rank
Labor Productivity Rank
44
8
47
3

Structural & Policy National Ranking

Tax Rank
Agri Rank
Manufacturing Rank
Infra & Energy Rank
50
28
26
3

STATE PERFORMANCE GAUGE CHARTS



US STATES ECONOMIC & INNOVATION COMPETITIVENESS

An executive-grade benchmarking index developed by theboardiQ LLC to evaluate and rank the macroeconomic strength, innovation capacity, and structural competitiveness of 50 States in the United States.

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Designed for corporate board directors, institutional investors, and policymakers, the index synthesizes raw macroeconomic and institutional data into a standardized 0–100 Composite Score across 4 Strategic Macro Pillars and 14 Underlying Sub-Metrics.

The Executive Dashboard incorporates a boardroom governance matrix mapping strategic mandates, benchmark metrics, director compensation, and critical oversight inquiries across 9 Board Roles/Industry Lens

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COMPETITIVENESS SWOT

New York

Strengths

• Global financial capital (Wall Street), cultural center, and 3rd largest U.S. state GDP ($2.47T)• Massive innovation hub with 53 Fortune 500 headquarters (#3) and strong VC per capita ($2,456)• Top-tier labor productivity (#3) and premier higher education research institutions

Weaknesses

• Ranked #50 (worst) in state tax climate due to high individual, corporate, and property taxes• High cost of living (#47) and severe housing affordability pressures in NYC metro• Aging transit infrastructure and ongoing population out-migration trends

Opportunities

• Semiconductor gigafactory development (Upstate NY chip corridor) and AI tech• Green energy transition, offshore wind power, and climate-tech innovation• Life sciences, digital health, and fintech expansion

Threats

• Tax-driven out-migration of high earners and corporate headquarters• High vulnerability of financial services tax revenue to stock market volatility• Extreme weather events threatening coastal metro infrastructure

METRICS DEEPDIVE

Economic Scale & Vitality

GDP

GDP Overall Rank
GDP 2025 Current-Dollar GDP ($ Billions)
GDP Share of U.S. Total
3
$2,465.7B
8.03%

Trade

Trade Overall Rank
Trade Surplus / Deficit
Exports in Millions USD
Total US Overall Exports 2026 YTD
Export %
2
$27,337
$117,299
$1,639,475
7.15%
Imports in Millions USD
Total US Overall Imports 2026 YTD
Import %
$89,962
$2,415,187
3.72%

Employment

Emp Overall Rank
Unemp Rank
Unemp Rate (%)
Emp Rank
Total Emp (thousands)
27
34
4.3
4
9,970.40
12-Mo % Change
12-Mo Net Change (thousands)
Labor Force Participation Rate
0.2
18.7
61.40%

Innovation & Enterprise

R&D

R&D Overall Rank
R&D spend as a % of GDP
Patents Awarded per 1K S&E Occ
Bus Perf R&D (% Output)
18
2.20%
12.66
1.74%

F500 Representation

F500 Rank
F500 HQs
F500 Combined Revenue
3
53
$2,240.0B

VC Per Capita

VC Per Capita Rank
Patents issued per 100K residents
VC deal value (per capita)
R&D expenditure(per capita)
7
$38
$1,481
$2,456

Human & Capital Living

Education

Education Rank
State Overall Education Score
Educational Attainment Rank
Quality of Education
44
55
17th
24th
% of Pop with Grad Degree
% of Pop with Bach Degree
% of Pop with Assoc Degree
% of Pop with High Sch Diploma
14.00%
17.80%
8.70%
26.30%

Disposable Income

Disposable Income Rank
Disposable Income Per Capita ($)
10-Year Growth (%)
1-Year Growth (%)-1
8
$76,380
63.5%
4.1%

Cost of Living

Cost of Living Rank
State Index
Grocery
Housing
Utilities
Transport
Health
47
133
103
195
109
105
109

Labor Productivity

Lab Productivity Rank
2025 Value (Mill of Hrs)
Lab Productivity
GDP
Absolute Lab Productivity
3
14668.495
116.28
$2,465.7B
21.21

Structural & Policy

Tax

Tax Rank
Corporate Tax
Individual Income Tax
Sales Tax
Property Tax
Unemploy.Ins Tax
50
28
50
42
47
38

Agriculture

Agri Rank
Gross Receipts ($B)
Cumulative Share (%)
28
8
90.30%

Manufacturing

Mfg Rank
Total nonfarm Jobs
Mfg Jobs
% Share of Total Mfg GDP
Mfg GDP ($B)
26
9,970.40
397.6
2.89%
$84.8B
% of Nonfarm Jobs
% Share of Total Mfg Jobs
3.99%
3.16%

Infra & Energy

Infra & Energy Rank
Home Energy Efficiency Rank
Auto Energy Efficiency Rank
3
1
3

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265 Garnet Dr 

Livermore, CA 94550

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