Ernst & Young LLP, one of the largest professional services firms in the world, will establish its new United States headquarters at One Manhattan West, in New York City. The expansion is anticipated to create up to 1,152 jobs over the next seven years.
EY will occupy 17 floors of One Manhattan West, the 67-story, 2.1-million-square-foot office tower under construction on the west side of Manhattan. EY is anticipated to create up to 1,152 jobs over seven years.
Richard M. Jeanneret, Vice Chair, Northeast Region Managing Partner, EY, said, "EY continues to grow and expand in serving our clients and our people across the Tri-State region. Today's agreement with One Manhattan West, an inspiring, state-of-the-art environment in one of the best connected locations in the city, aligns with EY's focus on innovation across all aspects of business.”
“ EY's commitment to our clients and our people in the New York area and around the world keeps us constantly focused on what's next - staying on the leading edge of business. One Manhattan West, with its convenient location and focus on connectivity and technology, is a great addition to our Metro New York footprint which includes our two new EY wavespace locations and a brand new office and learning center in Hoboken. We are constantly evaluating opportunities to expand EY's ability in helping our clients navigate the transformative age,” he added.
As an incentive to encourage EY's expansion in New York, Empire State Development offered the firm up to $12 million in performance-based tax credits through the Excelsior Jobs Program.
"Ernst & Young's decision to locate their national headquarters in the Empire State is proof that our diverse talent, thriving economy and unparalleled opportunities make us the economic capital of the world," Governor Andrew Cuomo said. "Our investments to attract and retain the world's leading companies are creating high-paying jobs and leveraging new investment to help strengthen and grow our economy."
EY's move into One Manhattan West complements the expansion of its Manhattan footprint with two growth and innovation "wavespace" centers in Union Square and Chelsea, New York that focus on business transformation and innovative thinking.
Empire State Development President, CEO, and Commissioner Howard Zemsky said, "Global companies choose New York because of our skilled, diverse workforce, our investments in 21st century infrastructure, and our economic development strategies designed to help businesses grow, succeed, and create jobs. EY has a long history in New York and we hope to see that momentum for years to come."