I Love New York Written by Steve Karman Composed by Steve Karman I LOVE NEW YORK (repeat 3 times) There isn't another like it. No matter where you go. And nobody can compare it. It's win and place and show. New York is special. New York is different' cause there's no place else on earth quite like New York and that's why I LOVE NEW YORK. (repeat 3 times) NEW YORK SONG
Despite the loss of the World Trade Center buildings, New York has remained at the core of national and international financial dealings and has continued as the global center of corporate headquarters in finance and services, media, entertainment and telecommunications, manufacturing, and trade. Profits on Wall Street, however, are not expected to equal the heights achieved in 2003, and financial services jobs are on the decline at present. Hundreds of nationwide corporations make their home in New York, from finance to insurance to advertising. New York City leads the country in the number of Fortune 500 and 1000 companies headquartered there, including 8 of the world's top 10 securities firms, and about two-fifths of the country's 50 leading law firms, as well as 219 banks representing every major country. The city's biggest industry is publishing, with more printing plants than anywhere else in the United States and approximately 13,000 employees. New York's clothing industry is headquartered in the Garment District near Times Square, where hundreds of factories employ more than 100,000 people. In recent years, the high-tech and "new media" industries have taken a $9.2 billion toehold in the city, particularly in what is being termed Silicon Alley—Upper Manhattan, Brooklyn, Queens, and Staten Island. New York City has supported growth in this arena through its Digital NYC: Wired to the World program that assists with construction and remodeling efforts that result in affordable spaces with ready access to the Internet. New York City offers hundreds of thousands of miles of installed fiber-optic cable, enabling businesses to communicate with clients around the globe. Life science research and development is seeing a similar surge in activity, as the headquarters of at least three of the world's primary pharmaceutical companies have located within midtown Manhattan. Pfizer has announced ambitious expansion plans that will reportedly result in 2,000 new jobs by 2009, along with new office space and an extensive makeover for its current headquarters. Alongside cutting-edge research, professional services firms related to financial consultation or legal issues of intellectual property also flourish. New York tourism contributes greatly to the local economy, fueled by huge advertising campaigns and interest in the site of the 9/11 tragedy. Hotel room occupancy rates are steadily increasing to more than 85 percent, and traffic through the area's airports broke the 8,000,000 mark in early 2005. Many tourists visit the city in order to experience its art and culture, resulting in a leisure and hospitality industry with more than 600,000 workers. Television and film production in New York City constitutes another growth industry, demonstrating a significant increase in the number of overall shooting days for movies, videos, advertisements, and television programs. Almost 150 studios and stages support the industry, and film production costs in the city are now so reasonable that they rival those of Los Angeles. Three of the "Big Five" music recording businesses have headquarters in New York City. Items and goods produced: published goods, apparel, chemicals, food products, furniture, machinery, paper products, textiles Incentive Programs—New and Existing Companies Mayor Bloomberg took office in January of 2002, mere months after the decimation of the World Trade Center buildings. Facing not just a public relations nightmare but also the nationwide economic downturn at that time, the mayor and his administration have expanded the city's industrial interests beyond Wall Street and into biotechnology, film production, and the recreation and tourism business. Unemployment is at its lowest point in 25 years, with 62,000 new jobs created in the city since the middle of 2003. The City of New York appears to acknowledge the value of small businesses, as reflected in its Business Improvement Districts.