Global NY Development Fund Creates Jobs

October 10, 2014
By Stephanie West

New York, NY – Governor Andrew Cuomo has launched new “GLOBAL NY” initiatives – including a $35 million Global NY Development Fund and trade missions to Mexico, Canada, Italy, China, and Israel – to help create new jobs in New York and attract additional international business investment to the state. Governor Cuomo outlined these new initiatives on October 7th at the first Global NY Summit on World Trade and Investment at the Jacob K. Javits Convention Center in New York City.

“The fundamental role for government should be to develop the economy, because if the economy is running, and jobs are coming in, people have opportunity,” Governor Cuomo said. “Our work four years ago began with bringing down the cost of doing business in New York – and we did, with the lower income taxes for every single New Yorker and the lowest manufacturing tax in nearly a century. Today is about opening new markets to the State, and we will aggressively market the State, and share with the global business community that there is no better place, with no better tools and resources, than the Empire State to grow and compete.”

The new Global NY initiatives that Governor Cuomo outlined at the October 7th summit, includes a $35 Million Global NY Development Fund. This Fund will help small- and medium-sized New York companies tap into global markets to grow their exports and create new jobs in New York.


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