What Is The Main Source Of Income In New York?

What is the biggest industry in New York?

In short, the leading industries in New York are not just driving the state’s economy; they are leading the charge on a national and global scale.Financial Services.

Health Care.

Professional and Technical Services.

Retail Trade.


Educational Services..

What did New York export and make money?

Natural resources in the New York Colony included agricultural land, coal, furs, forestry (timber), and iron ore. The New York Colony was also referred to as a breadbasket colony because one of its major crops was wheat. The wheat was ground into flour and exported to England.

What are the main natural resources of New York?

Natural Resources: New York’s fertile soil, mineral varieties and abundant water supplies are its important natural resources. Lead, talc and zinc can be found in the Adirondacks and the St. Lawrence Lowland along with industrial garnets used in watches and for sandpaper.

What are four resources that are manufactured in New York?

New York’s most valuable mined products are stone (limestone crushed for road construction), salt and sand and gravel. New York ranks among the leading producers of garnets and zinc in the country. Other mined products include clays, lead, natural gas, peat, silver and talc.

Why is NYC so rich?

Finance, high technology, real estate, insurance, and health care all form the basis of New York City’s economy. The city is also the nation’s most important center for mass media, journalism, and publishing. Also, it is the country’s preeminent arts center.

Is New York good for farming?

New York is a leading agricultural state, worth $5.75 billion in revenue 2017. … Dairy and milk production accounts for nearly 26,000 jobs in New York State. Grain and oilseed farming employs nearly 15,500. Veggie and melon farming is responsible for 7,750 jobs.