Rail Merger Threatens Economy

New York chemistry provides

15.7 K

direct jobs.

New York chemistry pays

$ 1.6 B

in wages.

New York chemistry generates

$ 548 M

in state & local taxes.

New York

GLOBAL CHALLENGES, CHEMISTRY SOLUTIONS

Chemistry is essential to the U.S. economy and plays a vital role in driving innovations that make our world safer, more sustainable, and more productive.

  • Chemistry supports nearly 25% of the U.S. GDP and 9% of U.S. goods exports, a $673 billion enterprise.
  • 547,000 skilled American jobs are provided by the business of chemistry.
  • The U.S. is the 2nd largest global producer, providing 9% of the world's chemicals.

New York chemistry…

At $16.63B, is the 3rd largest manufacturing industry in the state
Is the 10th largest chemistry producing state
Provides 15,710 direct jobs and another 21,700 related jobs
Pays $1.62B in wages
Has an average wage of $103,260, 22% higher than the average manufacturing wage in New York
Generates $548M in state & local taxes, and $583M in federal taxes
Invests $320M across New York to build & update equipment and facilities
Ships $4.18B in products to customers around the world
Generates an additional 20,140 jobs in plastics & rubber products