New York

  • Project Labor Agreements

    Wicks Law Reform.

  • Prevailing Wage

    Yes; no monetary threshold.

  • Right to Work

    No.

  • Public-Private Partnerships

    No statute authorizes or prohibits P3s on public projects.

  • Workforce Development Incentives

    Current labor supply satisfies 100% of peak labor demand.

    State offered $136,454,000 in grants and incentives for workforce preparation and development in 2020.

  • Career and Technical Education

    92% of CTE high school graduates are placed in colleges or careers.

    New York recognizes NCCER as an approved curriculum for CTE programs.

  • Job Growth Rate

    2.9%.

Monthly Unemployment Rate in New York

Industry Overview

Prompt Pay

Private: Owner must pay prime within 42 days to pay unless otherwise agreed. Final payment must be paid within 30 days after final approval for final payment.
Public: Owner must pay prime within 30 days of receiving invoice. Payment for highway projects are due within 75 days of receiving invoice.
Subs:
– Private: Prime must pay sub and sub must pay prime within 7 days after receipt.
– Public: Prime must pay sub and sub must pay lower tiers within 7 days after payment.

Immigration/E-Verify Mandate

No law in place.

Percentage of State GDP From Nonresidential Construction

3.0%.

Incidence Rate

6.7

Occupational Safety & Health Oversight (State vs. Federal)

State plan covers state and local government workplaces.

Percentage of Union Membership in Private Construction

24.4%.

Marijuana Legalization Status

Legalized for medicinal use, decriminalized for personal use.

Business Facts

Minimum Wage

12.50

Percentage of Pensions Funded

94.5%

Effective Real-Estate Tax Rate

1.40%

Corporate Income Tax Rate(s)

6.50%

State and Local Public Construction Expenditures (in millions)

$24,048