Additionally, Greek and French Americans numbered 65, each, with those of Hungarian descent estimated at 60, people. Part of a series on. New York's historic sister cities are denoted below by the year they joined New York City's partnership network. New York City has been a metropolitan municipality with a mayor—council form of government  since its consolidation in
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The city is a major center for banking and finance, retailing, world trade, transportation, tourism, real estate, new media , traditional media , advertising , legal services , accountancy , insurance, theater, fashion, and the arts in the United States; while Silicon Alley , metonymous for New York's broad-spectrum high technology sphere, continues to expand.
The Port of New York and New Jersey is also a major economic engine, handling record cargo volume in , over 6. Many Fortune corporations are headquartered in New York City,  as are a large number of multinational corporations.
One out of ten private sector jobs in the city is with a foreign company. Other important sectors include medical research and technology, non-profit institutions, and universities. Manufacturing accounts for a significant but declining share of employment, although the city's garment industry is showing a resurgence in Brooklyn. New York City's most important economic sector lies in its role as the headquarters for the U. The city's securities industry, enumerating , jobs in August , continues to form the largest segment of the city's financial sector and an important economic engine, accounting in for 5 percent of the city's private sector jobs, 8.
Lower Manhattan is home to the New York Stock Exchange , on Wall Street, and the NASDAQ , at Broadway , representing the world's largest and second largest stock exchanges , respectively, when measured both by overall average daily trading volume and by total market capitalization of their listed companies in Several investment banks and investment managers headquartered in Manhattan are important participants in other global financial centers.
Many of the world's largest media conglomerates are also based in the city. Manhattan contained over million square feet Silicon Alley, centered in Manhattan, has evolved into a metonym for the sphere encompassing the New York City metropolitan region's high technology industries  involving the Internet , new media , telecommunications , digital media , software development , biotechnology , game design , financial technology " FinTech " , and other fields within information technology that are supported by its entrepreneurship ecosystem and venture capital investments.
High technology startup companies and employment are growing in New York City and the region, bolstered by the city's position in North America as the leading Internet hub and telecommunications center, including its vicinity to several transatlantic fiber optic trunk lines ,  New York's intellectual capital , and its extensive outdoor wireless connectivity.
The biotechnology sector is also growing in New York City, based upon the city's strength in academic scientific research and public and commercial financial support. On December 19, , then Mayor Michael R. Tourism is a vital industry for New York City, which has witnessed a growing combined volume of international and domestic tourists, receiving an eighth consecutive annual record of approximately The trademarked logo, owned by New York State Empire State Development ,  appears in souvenir shops and brochures throughout the city and state, some licensed, many not.
The song is the state song of New York. Patrick's Day parade ; seasonal activities such as ice skating in Central Park in the wintertime; the Tribeca Film Festival ; and free performances in Central Park at Summerstage.
New York is a prominent location for the American entertainment industry , with many films , television series, books, and other media being set there. New York City is additionally a center for the advertising , music, newspaper, digital media, and publishing industries and is also the largest media market in North America.
Seven of the world's top eight global advertising agency networks have their headquarters in New York. Universal Music Group also has offices in New York.
New media enterprises are contributing an increasingly important component to the city's central role in the media sphere. More than newspapers and consumer magazines have an office in the city,  and the publishing industry employs about 25, people. Major tabloid newspapers in the city include: The Village Voice , historically the largest alternative newspaper in the United States, announced in that it would cease publication of its print edition and convert to a fully digital venture.
The television and radio industry developed in New York and is a significant employer in the city's economy. The three major American broadcast networks are all headquartered in New York: The City of New York operates a public broadcast service, NYC Media ,  that has produced several original Emmy Award -winning shows covering music and culture in city neighborhoods and city government. WBAI , with news and information programming, is one of the few socialist radio stations operating in the United States.
New York is also a major center for non-commercial educational media. The oldest public-access television channel in the United States is the Manhattan Neighborhood Network , founded in WNYC , a public radio station owned by the city until , has the largest public radio audience in the United States. The city government pays the Pelham Public Schools to educate a very small, detached section of the Bronx. Over , students are enrolled in New York City's over higher education institutions, the highest number of any city in the United States and higher than other major global cities like London  and Tokyo ,  including over half million in the City University of New York CUNY system alone in The city also has other smaller private colleges and universities, including many religious and special-purpose institutions, such as St.
Much of the scientific research in the city is done in medicine and the life sciences. New York City has the most postgraduate life sciences degrees awarded annually in the United States, with Nobel laureates having roots in local institutions as of [update] ;  while in , 43, licensed physicians were practicing in New York City. HHC's facilities annually provide millions of New Yorkers services interpreted in more than languages. Bellevue is the designated hospital for treatment of the President of the United States and other world leaders if they become sick or injured while in New York City.
Crime has continued an overall downward trend in New York City since the s. In , New York City had the third lowest murder rate among the largest U. Sociologists and criminologists have not reached consensus on the explanation for the dramatic decrease in the city's crime rate. Some attribute the phenomenon to new tactics used by the NYPD,  including its use of CompStat and the broken windows theory.
A strong correlation was found demonstrating that violent crime rates in New York and other big cities began to fall after lead was removed from American gasoline in the s.
The 20th century saw a rise in the Mafia , dominated by the Five Families , as well as in gangs , including the Black Spades. The New York City Fire Department FDNY , provides fire protection , technical rescue, primary response to biological, chemical, and radioactive hazards, and emergency medical services for the five boroughs of New York City.
In addition to responding to building types that range from wood-frame single family homes to high-rise structures , there are many secluded bridges and tunnels, as well as large parks and wooded areas that can give rise to brush fires. New York is also home to one of the largest subway systems in the world, consisting of hundreds of miles of tunnel with electrified track. New York City has been described as the cultural capital of the world by the diplomatic consulates of Iceland  and Latvia  and by New York's Baruch College.
Numerous major American cultural movements began in the city, such as the Harlem Renaissance , which established the African-American literary canon in the United States. New York has long had a flourishing scene for Jewish American literature.
The city is the birthplace of many cultural movements, including the Harlem Renaissance in literature and visual art; abstract expressionism also known as the New York School in painting; and hip hop ,  punk , salsa , freestyle , Tin Pan Alley , certain forms of jazz , and along with Philadelphia disco in music. New York City has been considered the dance capital of the world.
New York Fashion Week is one of the world's preeminent fashion events and is afforded extensive coverage by the media. New York City has more than 2, arts and cultural organizations and more than art galleries of all sizes. The advent of electric lighting led to elaborate theater productions, and in the s, New York City theaters on Broadway and along 42nd Street began featuring a new stage form that became known as the Broadway musical.
Strongly influenced by the city's immigrants, productions such as those of Harrigan and Hart , George M. Cohan , and others used song in narratives that often reflected themes of hope and ambition. New York City itself is the subject or background of many plays and musicals. Broadway theatre is one of the premier forms of English-language theatre in the world, named after Broadway , the major thoroughfare that crosses Times Square ,  also sometimes referred to as " The Great White Way ".
Attendance in — stood at New York City is home to hundreds of cultural institutions and historic sites, many of which are internationally known. Ten museums occupy the length of this section of Fifth Avenue. In addition to other programming, the museums collaborate for the annual Museum Mile Festival, held each year in June, to promote the museums and increase visitation.
New York City's food culture includes an array of international cuisines influenced by the city's immigrant history. Central and Eastern European immigrants, especially Jewish immigrants from those regions, brought bagels , cheesecake , hot dogs , knishes , and delicatessens or delis to the city.
Italian immigrants brought New York-style pizza and Italian cuisine into the city, while Jewish immigrants and Irish immigrants brought pastrami and corned beef , respectively.
Chinese and other Asian restaurants, sandwich joints, trattorias , diners , and coffeehouses are ubiquitous throughout the city. Some 4, mobile food vendors licensed by the city, many immigrant-owned, have made Middle Eastern foods such as falafel and kebabs  examples of modern New York street food. The city is home to "nearly one thousand of the finest and most diverse haute cuisine restaurants in the world", according to Michelin.
New York City is well known for its street parades , which celebrate a broad array of themes, including holidays, nationalities, human rights, and major league sports team championship victories. The majority of parades are held in Manhattan. The primary orientation of the annual street parades is typically from north to south, marching along major avenues.
The annual Macy's Thanksgiving Day Parade is the world's largest parade,  beginning alongside Central Park and processing southward to the flagship Macy's Herald Square store;  the parade is viewed on telecasts worldwide and draws millions of spectators in person. Ticker-tape parades celebrating championships won by sports teams as well as other heroic accomplishments march northward along the Canyon of Heroes on Broadway from Bowling Green to City Hall Park in Lower Manhattan.
The New York area is home to a distinctive regional speech pattern called the New York dialect , alternatively known as Brooklynese or New Yorkese. It has generally been considered one of the most recognizable accents within American English. This is often misperceived by speakers of other accents as a reversal of the er and oy sounds, so that girl is pronounced "goil" and oil is pronounced "erl"; this leads to the caricature of New Yorkers saying things like "Joizey" Jersey , "Toidy-Toid Street" 33rd St.
The classic version of the New York City dialect is generally centered on middle and working-class New Yorkers. The influx of non-European immigrants in recent decades has led to changes in this distinctive dialect,  and the traditional form of this speech pattern is no longer as prevalent among general New Yorkers as it has been in the past. Participation in professional sports in the city predates all professional leagues, and the city has been continuously hosting professional sports since the birth of the Brooklyn Dodgers in The city has played host to over forty major professional teams in the five sports and their respective competing leagues, both current and historic.
New York has been described as the "Capital of Baseball". Additionally, there have been 14 World Series in which two New York City teams played each other, known as a Subway Series and occurring most recently in No other metropolitan area has had this happen more than once Chicago in , St.
Louis in , and the San Francisco Bay Area in The Yankees have won a record 27 championships,  while the Mets have won the World Series twice. Both teams moved to California in The metropolitan area is home to three National Hockey League teams. The New Jersey Devils play at Prudential Center in nearby Newark, New Jersey and traditionally represent the counties of neighboring New Jersey which are coextensive with the boundaries of the New York metropolitan area and media market.
The first national college-level basketball championship, the National Invitation Tournament , was held in New York in and remains in the city. The Cosmos play their home games at James M. Boxing is also a prominent part of the city's sporting scene, with events like the Amateur Boxing Golden Gloves being held at Madison Square Garden each year.
The city also hosted the U. Open golf tournament and the and PGA Championships, and has been host city for both events several times, most notably for nearby Winged Foot Golf Club.
Mass transit in New York City, most of which runs 24 hours a day, accounts for one in every three users of mass transit in the United States, and two-thirds of the nation's rail riders live in the New York City Metropolitan Area. The iconic New York City Subway system is the largest rapid transit system in the world when measured by stations in operation, with , and by length of routes. Nearly all of New York's subway system is open 24 hours a day, in contrast to the overnight shutdown common to systems in most cities, including Hong Kong ,   London , Paris , Seoul ,   and Tokyo.
Public transport is essential in New York City. New York City's commuter rail network is the largest in North America. The combined systems converge at Grand Central Terminal and Pennsylvania Station and contain more than stations and 20 rail lines. The Staten Island Railway rapid transit system solely serves Staten Island, operating 24 hours a day.
New York City's public bus fleet is the largest in North America,  and the Port Authority Bus Terminal , the main intercity bus terminal of the city, serves 7, buses and , commuters daily, making it the busiest bus station in the world. New York's airspace is the busiest in the United States and one of the world's busiest air transportation corridors. The three busiest airports in the New York metropolitan area include John F. The primary general aviation airport serving the area is Teterboro Airport.
The Staten Island Ferry is the world's busiest ferry route , carrying over 23 million passengers from July through June on the 5. Other features of the city's transportation infrastructure encompass more than 12, yellow taxicabs ;  various competing startup transportation network companies ; and an aerial tramway that transports commuters between Roosevelt Island and Manhattan Island.
Ride-sharing services have become significant competition for cab drivers in New York. Despite New York's heavy reliance on its vast public transit system, streets are a defining feature of the city. Manhattan's street grid plan greatly influenced the city's physical development. Several of the city's streets and avenues, like Broadway ,  Wall Street ,  Madison Avenue ,   and Seventh Avenue are also used as metonyms for national industries there: New York City also has an extensive web of expressways and parkways , which link the city's boroughs to each other and to northern New Jersey , Westchester County , Long Island , and southwestern Connecticut through various bridges and tunnels.
Because these highways serve millions of outer borough and suburban residents who commute into Manhattan, it is quite common for motorists to be stranded for hours in traffic jams that are a daily occurrence, particularly during rush hour. New York City is also known for its rules regarding turning at red lights.
Unlike the rest of the United States, New York State prohibits right or left turns on red in cities with a population greater than one million, to reduce traffic collisions and increase pedestrian safety. In New York City, therefore, all turns at red lights are illegal unless a sign permitting such maneuvers is present.
New York City is located on one of the world's largest natural harbors,  and the boroughs of Manhattan and Staten Island are primarily coterminous with islands of the same names, while Queens and Brooklyn are located at the west end of the larger Long Island, and The Bronx is located at the southern tip of New York State's mainland. This situation of boroughs separated by water led to the development of an extensive infrastructure of well-known bridges and tunnels.
The Verrazano-Narrows Bridge is the longest suspension bridge in the Americas and one of the world's longest. The towers of the Brooklyn Bridge are built of limestone , granite , and Rosendale cement, and their architectural style is neo-Gothic, with characteristic pointed arches above the passageways through the stone towers.
This bridge was also the longest suspension bridge in the world from its opening until , and is the first steel-wire suspension bridge. The Queensboro Bridge is an important piece of cantilever architecture. The Manhattan Bridge , opened in , is considered to be the forerunner of modern suspension bridges , and its design served as the model for many of the long-span suspension bridges around the world; the Manhattan Bridge, Throgs Neck Bridge , Triborough Bridge , and Verrazano-Narrows Bridge are all examples of Structural Expressionism.
The Lincoln Tunnel , which carries , vehicles a day under the Hudson River between New Jersey and Midtown Manhattan, is the busiest vehicular tunnel in the world. The Holland Tunnel , connecting Lower Manhattan to Jersey City, New Jersey , was the world's first mechanically ventilated vehicular tunnel when it opened in Roosevelt was the first person to drive through it. New York City has focused on reducing its environmental impact and carbon footprint.
New York's high rate of public transit use , over , daily cyclists as of [update] ,  and many pedestrian commuters make it the most energy-efficient major city in the United States. The city government was a petitioner in the landmark Massachusetts v. The city is a leader in the construction of energy-efficient green office buildings , including the Hearst Tower among others. New York City is supplied with drinking water by the protected Catskill Mountains watershed. Newtown Creek , a 3.
New York City has been a metropolitan municipality with a mayor—council form of government  since its consolidation in In New York City, the city government is responsible for public education, correctional institutions, public safety, recreational facilities, sanitation, water supply, and welfare services. The Mayor and council members are elected to four-year terms. The City Council is a unicameral body consisting of 51 council members whose districts are defined by geographic population boundaries.
Each borough is coextensive with a judicial district of the state Unified Court System , of which the Criminal Court and the Civil Court are the local courts, while the New York Supreme Court conducts major trials and appeals. There are also several extrajudicial administrative courts , which are executive agencies and not part of the state Unified Court System.
Uniquely among major American cities, New York is divided between, and is host to the main branches of, two different US district courts: The present mayor is Bill de Blasio , the first Democrat since The Democratic Party holds the majority of public offices. Party platforms center on affordable housing, education, and economic development, and labor politics are of importance in the city.
New York is the most important source of political fundraising in the United States, as four of the top five ZIP Codes in the nation for political contributions are in Manhattan. Bush and John Kerry. Through this program, New York City has expanded its international outreach to a network of cities worldwide, promoting the exchange of ideas and innovation between their citizenry and policymakers. New York's historic sister cities are denoted below by the year they joined New York City's partnership network.
From Wikipedia, the free encyclopedia. Largest city in the United States. City in United States. See Nicknames of New York City. Timelines of town creation. Places adjacent to New York City. Downtown Brooklyn at the western end of Long Island. At left is the Queensboro Bridge , connecting Queens to Manhattan. The Verrazano-Narrows Bridge , one of the world's longest suspension bridges , connecting Staten Island , foreground, to Brooklyn , in the background, across The Narrows.
The Chrysler Building , above, built in , is an example of the Art Deco style, with ornamental hub caps and a spire. Corporations that do business, employ capital, or own or lease property, or maintain an office in the city in a corporate or organized capacity must pay this tax.
For more information see here. Small businesses qualify depending on their level of income. Financial corporations are corporations, or combined groups that meet the definition set forth in Administrative Code section 1 e 1 i.
The portion of total business capital directly attributable to stock in a subsidiary that is taxable as a utility within the meaning of the New York City Utility Tax or would have been taxable as an insurance corporation under the former New York City Insurance Corporation Tax. Fixed Dollar Minimum Tax is: These changes were signed into law by the Governor on April 13, as Part D of Chapter 60 of the Laws of and will be effective for tax years beginning on or after January 1, What the legislation accomplishes: Substantially conforms New York City tax law to New York State corporate franchise tax changes enacted in Modernizes and streamlines the New York City corporate income taxation of C-corporations conducting business in the City Provides tax relief to many small New York City corporations We recommend that you subscribe to our Corporate Tax Reform email lis t so we can keep you informed.
For tax years beginning on or after January 1, , a new corporate tax applies to corporations and banks, other than federal S-corporations, that do business in New York City. The new tax is being referred to as the Business Corporation Tax. Who has to Pay this Tax? The term corporations includes any entity that is taxable as a corporation for federal tax purposes, by election or otherwise, and so may include: Limited Liability Companies Joint stock companies or associations, and Businesses conducted by trusts Publicly traded partnerships that did not elect out of City corporate taxation in are also characterized as corporations A corporation may be considered to do business in the City if it is a partner or member in a partnership that does business, employs capital, own or lease property in the City, or maintains an office in the City A corporation is also considered to do business in the City if it: Issued credit cards to 1, or more customers who have a NYC mailing address; Has merchant customer contracts with 1, or more merchants located in the City to whom the corporation remitted payments for credit card transactions; or The sum of its NYC credit card customers and NYC credit card merchants equals 1, or more.
Who is Exempt from this Tax? Its activities are limited to investing or trading securities for its own account within the meaning of the federal safe-harbor contained in section b 2 of the Internal Revenue Code, or It has not elected to be taxable as a domestic corporation and has no effectively connected income for federal income tax purposes.
Tax Bases and Rates. Allocation of Business Income.