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    New York City is home to 48 Fortune 500 headquarters, more than any other city in the United States. The city economy is strong with a gross city product of $704 billion and a historic high of 3.7 million private sector jobs. Established industries remain the largest contributors to economic output. Even though 96 percent of the businesses in the city are small (fewer than 100 employees), large businesses and nonprofit institutions with 100 or more employees account for 66 percent of the jobs.

     

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