New York - Profile and Business Opportunites

Jan. 9, 2011 - PRLog -- While the unemployment rate fell to 9.4%, the lowest in a year and a half. It’s hard to celebrate a drop in the jobless rate that’s due, in part, to a decline in the number of people in the labor force. The participation rate fell to its lowest level of this recession. For adult men, the participation rate fell to a record-low 73.6%.

Separate reports on the nation's job market showed increased hiring by companies last month and fewer layoffs, painting a picture of a strengthening employment recovery at the end of 2010. The private sector created 297,000 jobs from November to December, according a report from ADP that was the highest number the payroll firm has ever reported.

Manufacturing saw a gain of 23,000 jobs while construction was unchanged. Large businesses saw the fewest gains, with 36,000 jobs, while medium-sized businesses, with between 50 and 499 workers, created 144,000 positions.

One dynamic star on the U.S. business scene is The ACFN ATM Franchise Business, headquartered in San Jose, California, where the company was ranked by the Business Journal as the 43rd Fastest Growing Private Company in Silicon Valley for 2007 - 2009.

“ACFN is a U.S. company with operations in all 50 States and Canada, however by utilizing our franchise business model we maintain the operating efficiencies of a local company”, says Jeff Kerr, Founder and President of ACFN.

“ ACFN's ATM franchise equips you with the tools and the know how to manage the business". Avi Blankroth, Excecutive Vice President of ACFN says. "The process begins with each franchisee purchasing ATMs, while ACFN locates and contracts lucrative placement locations"

As of 2006, New York was the third largest state in population after California and Texas, with an estimated population of 19,541,453 as of July 1, 2009. This represents an increase of 513,481, or 2.7%, since the last census in 2000. It includes a natural increase since the last census of 803,680 people (that is 2,072,765 births minus 1,269,085 deaths) and a decrease due to net migration of 698,895 people out of the state. Immigration from outside the United States resulted in a net increase of 876,969 people, and migration within the country produced a net loss of 1,575,864 people.

In spite of the open land in the state, New York's population is very urban, with 92% of residents living in an urban area.

New York is a slow growing state with a large rate of domestic migration to other states. In 2000 and 2005, more people moved from New York to Florida than from any one state to another. However, New York state is one of the leading destinations for international immigration and thus has the second largest immigrant population in the country (after California) at 4.2 million as of 2008. Although Upstate New York receives considerable immigration, most of the state's immigrants settle in and around New York City, due to its more vibrant economy and cosmopolitan culture.

The center of population of New York is located in Orange County, in the town of Deerpark. New York City and its eight suburban counties (excluding those in New Jersey, Connecticut, and Pennsylvania) have a combined population of 13,209,006 people, or 68.42% of the state's population.

New York's gross state product in 2007 was $1.1 trillion, ranking third in size behind the larger states of California and Texas. If New York were an independent nation, it would rank as the 16th largest economy in the world behind Turkey. Its 2007 per capita personal income was $46,364, placing it sixth in the nation behind Maryland, and eighth in the world behind Ireland. New York's agricultural outputs are dairy products, cattle and other livestock, vegetables, nursery stock, and apples. Its industrial outputs are printing and publishing, scientific instruments, electric equipment, machinery, chemical products, and tourism.

A recent review by the Center on Budget and Policy Priorities found 13 states, including several of the nation's largest, face budget shortfalls for FY2009. New York faces a deficit that could be as large as $4.3 billion.

New York exports a wide variety of goods such as foodstuffs, commodities, minerals, computers and electronics, cut diamonds, and automobile parts. In 2007, the state exported a total of $71.1 billion worth of goods, with the five largest foreign export markets being Canada ($15 billion), United Kingdom ($6 billion), Switzerland ($5.9 billion), Israel ($4.9 billion), and Hong Kong ($3.4 billion). New York's largest imports are oil, gold, aluminum, natural gas, electricity, rough diamonds, and lumber.

Canada is a very important economic partner for the state. 21% of the state's total worldwide exports went to Canada in 2007. Tourism from the north is also a large part of the economy. Canadians spent US$487 million in 2004 while visiting the state.

New York City is the leading center of banking, finance and communication in the United States and is the location of the New York Stock Exchange, the largest stock exchange in the world by dollar volume. Many of the world's largest corporations are based in the city.

The state also has a large manufacturing sector that includes printing and the production of garments, furs, railroad equipment and bus line vehicles. Many of these industries are concentrated in upstate regions. Albany and the Hudson Valley are major centers of nanotechnology and microchip manufacturing, while the Rochester area is important in photographic equipment and imaging.

New York is a major agricultural producer, ranking among the top five states for agricultural products such as dairy, apples, cherries, cabbage, potatoes, onions, maple syrup and many others. The state is the largest producer of cabbage in the U.S. The state has about a quarter of its land in farms and produced US$3.4 billion in agricultural products in 2001. The south shore of Lake Ontario provides the right mix of soils and microclimate for many apple, cherry, plum, pear and peach orchards. Apples are also grown in the Hudson Valley and near Lake Champlain.

New York is the nation's third-largest grape-producing state, behind California, and second-largest wine producer by volume. The south shore of Lake Erie and the southern Finger Lakes hillsides have many vineyards. In addition, the North Fork of Long Island developed vineyards, production and visitors' facilities in the last three decades of the 20th century. In 2004, New York's wine and grape industry brought US$6 billion into the state economy.

The state has 30,000 acres (120 km2) of vineyards, 212 wineries, and produced 200 million bottles of wine in 2004. A moderately sized saltwater commercial fishery is located along the Atlantic side of Long Island. The principal catches by value are clams, lobsters, squid, and flounder. These areas of the economy have been increasing as environmental protection has led to an increase in ocean wildlife.

As of January 2010, the state's unemployment rate was 8.8%.

Through all of 2010, the nation added 1.1 million jobs, or an average of 94,000 jobs a month.

Economists expect hiring will ramp up this year, with some predicting double last year's total of jobs or more. A tax cut package that goes into effect this month should boost consumer and business spending.

About  ACFN

http://www.youtube.com/watch?v=y2DuNabUgNA



Find out how you can benefit from ACFN to help deliver return on investment, positive cash flow and improved revenue.

More information is available at:

http://www.acfnfranchised.com/

American Consumer Financial Network (ACFN)
111 W. St. John St
Sixth Floor
San Jose, CA 95113

Tel: 888-794-2236

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ACFN is North Americas only ATM franchise focused on providing ATM services to hotels and other travel and entertainment based businesses. Providing ATM services since 1996, franchised in 2003 with 170 franchises, 1400 ATM Machines in the US and Canada.