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New York, NY - New York Is World’s Top City to Do Business

Published on: March 12, 2012 11:12 PM
By: Read full article at NY Times (blog)
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The Brucha truck, Ninth Avenue, New York  Just south of B&H, Monday through Thursday the Brucha truck does a volume lunchtime business with a largely Orthodox Jewish clientele. Photo: Dave Cook.The Brucha truck, Ninth Avenue, New York Just south of B&H, Monday through Thursday the Brucha truck does a volume lunchtime business with a largely Orthodox Jewish clientele. Photo: Dave Cook.

New York, NY - Citigroup, which has its headquarters on Park Avenue, commissioned the Economist Intelligence Unit (a subsidiary of the company that puts out the magazine The Economist) to compare 120 cities around the globe on a set of measures of their standing as places to do business.

New York ranked above London, Singapore, Paris and Hong Kong — the rest of the top five — largely on the basis of its No. 4 placing on economic strength, which included the growth rate of its economy. Another important criterion was the size of its middle class, which was defined as the share of households whose annual consumption exceeded $14,000. (Even a New Yorker living alone on the maximum weekly unemployment benefit of $405 a week could qualify as middle-class.)

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New York was not only the sole American city but the only Western city to rank among the top 15 in economic strength. Eleven of the others are in China. Los Angeles ranked 17th.

Mayor Michael R. Bloomberg took some of the credit for the results. “New York City’s position at the very top of this list is no accident,” he said in a statement. “It’s due to the investments our administration has made and the world-famous ingenuity and creativity of New Yorkers.”


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1

 Mar 12, 2012 at 11:19 PM Anonymous Says:

Pay attention 11 of the 15 were in China, it's time time to learn another language

2

 Mar 13, 2012 at 08:13 AM sasregener Says:

thanks for nothing mr.mayor. there is no credit to you . you have made new york into your image. arrogant, emotionless

,snobby,cheerless just to name a few. you have taken the joy out of living in new york and have nickled and dimed us to death. thank god your term is almosst over. good bye and good riddance you cold s.o.b

3

 Mar 13, 2012 at 04:36 PM Ginendel Says:

Reply to #2  
sasregener Says:

thanks for nothing mr.mayor. there is no credit to you . you have made new york into your image. arrogant, emotionless

,snobby,cheerless just to name a few. you have taken the joy out of living in new york and have nickled and dimed us to death. thank god your term is almosst over. good bye and good riddance you cold s.o.b

Wow wow, I hope u feel a lot better now once u aired out!

4

 Mar 14, 2012 at 01:08 AM Anonymous Says:

Reply to #2  
sasregener Says:

thanks for nothing mr.mayor. there is no credit to you . you have made new york into your image. arrogant, emotionless

,snobby,cheerless just to name a few. you have taken the joy out of living in new york and have nickled and dimed us to death. thank god your term is almosst over. good bye and good riddance you cold s.o.b

you are right the only way he makes the city money is tickets

5

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