What are the major industries in New York City?


Quick Answer

As the home of Wall Street, New York City is primarily known as both a national and international center of finance and as a publishing center. The city also hosts the corporate headquarters of major companies in services, entertainment, insurance, advertising, telecommunications, media and manufacturing.

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Full Answer

New York City is home to the largest amount of Fortune 500 and 1000 companies in the United States. The largest single industry is publishing, which employs about 13,000 people at more printing plants than any other city in the United States. Clothing is also one of the larger industries, with about 100,000 employees working at hundreds of clothing factories centered on the Garment District near Times Square.

Technology companies also have a significant presence in the city, particularly in Silicon Alley. Pfizer and several other pharmaceutical companies have their headquarters in midtown Manhattan. Eight of the world's 10 largest securities firms are located in New York City as well as about 20 of the country's top 50 law firms. As of 2014, there are also 219 banks, many of which are international.

Tourism is also a major industry, with millions of annual visitors to the city from around the world and about 600,000 jobs in leisure and hospitality services.

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