New York State Press

Governor Pataki's Press Release on OFII's State Study

FOR RELEASE:
IMMEDIATE, Wednesday
December 14, 2005

GOVERNOR: NEW YORK 2nd IN THE NATION FOR "INSOURCING" JOBS New Study Places NY Among Top Two States in Attracting Foreign Investment
and Jobs

Governor George E. Pataki today announced that New York ranks second in the nation in attracting foreign companies to create jobs in the State according to the Washington, D.C. based Organization for International Investment (OFII), citing U.S. Department of Commerce statistics.

The statistics highlight New York's growth in foreign investment and job creation with a total of 382,600 "insourced" jobs, which represents an increase of 54,600 over the past five years -- a 17 percent increase.

"New York continues to be a top national leader in attracting foreign investment and good-paying jobs," Governor Pataki said. "The most effective way to create jobs and expand the economy is by cutting taxes and promoting policies that reduce the cost of doing business. That is what we are doing here in New York."

"We will continue to do everything we can to build on our success in marketing our State to overseas businesses and welcoming foreign investment to New York," Governor Pataki added.

In addition to achieving an overall ranking of second in the nation for the total number of "insourced" jobs, New York ranks twelfth in the nation in the number of "insourced" jobs in the manufacturing sector at 16 percent. Overall, New York State's total "insourced" jobs now make up about
5.4 percent of its total workforce.

The top 20 states in terms of "insourced jobs" - ranked in order - are California, New York, Texas, Illinois, Florida, Pennsylvania, New Jersey, Ohio, Michigan, North Carolina, Massachusetts, Georgia, Virginia, Indiana, South Carolina, Tennessee, Connecticut, Maryland, Wisconsin, and Missouri.

For more state-specific information on "insourcing,"
visit
www.ofii.org.

Albany Business Review

NY second for 'insourcing' jobs
December 14, 2005

The number of jobs in New York state related to companies based outside the U.S. continues to rise.

That is according to the Organization for International Investment, which pegs the number of "insourced" jobs throughout the state at 382,600. OFII, a Washington-based business group, said that figure places New York second only to California, which counts 561,000 "insourced" jobs.

The information is based on data from the U.S. Department of Commerce, though an OFII spokesperson said a breakdown of metropolitan areas within the state was not available.

The New York total number of 382,600 insourced jobs accounts for 5.4 percent of the overall number of jobs within the state, and 60,900, or 16 percent, of insourced jobs are in the manufacturing sector, according to the report. Also, the number of "insourced" jobs in New York in the past five years is placed at 54,600, an increase of 17 percent.

(Also ran in Buffalo Business First and Rochester Business Journal)