News Summary
A recent KPMG survey reveals that a majority of New York business leaders are optimistic about growth and hiring in the coming year. Specifically, 90% of executives expect their company’s growth prospects to improve, while 77% plan to increase hiring efforts. Moreover, interest in expanding commercial real estate and making strategic transformative deals is on the rise. Business leaders believe that in-person collaboration and investments in technology, particularly in Generative AI, will be crucial for future success, highlighting New York City’s potential as an economic hub.
New York—A fresh survey conducted by KPMG LLP reveals that a significant majority of business leaders in New York are optimistic about growth and hiring in the upcoming year. Released on February 18, the KPMG 2025 Perspectives: Local Insights from New York report illustrates a positive outlook for companies as they navigate the complexities of the current economic landscape.
According to the survey, 90% of New York business leaders express confidence in their company’s growth prospects for the next year. This optimism is not limited to growth alone; 77% of those surveyed anticipate increasing their hiring efforts within the year. Moreover, 68% of participants plan to expand their commercial real estate footprint within the next 12 to 18 months, highlighting a commitment to growth and presence in the market.
Looking toward transformative strategies, 75% of New York business leaders are preparing for strategic transformative deals in 2025. This signals an expectation of robust mergers and acquisitions (M&A) activity as executives seek bold moves to capitalize on emerging opportunities.
Business Climate and Talent Attraction
The survey engaged 100 business leaders, including 48% from C-suite positions and all holding VP-level or higher roles, with companies boasting annual revenues exceeding $50 million. Despite the challenging economic environment, these leaders are optimistic about New York City’s ability to attract talent and support new ventures.
Many executives believe that bringing employees back to the office can enhance productivity and engagement. Most respondents view in-person work as critical for fostering collaboration and improving the overall employee experience, which they see as important to maintaining a competitive edge in the market.
Focus on Technology and Investments
The survey also highlights a notable increase in interest surrounding investments in Generative AI (GenAI) and expanded cybersecurity efforts. As technology continues to evolve, business leaders are strategizing to leverage innovative solutions to meet the changing demands of their industries.
KPMG’s Role and Commitment
KPMG LLP operates in 142 countries and employs over 275,000 people globally. The firm’s early initiative to orient itself along industry lines enables better alignment with client needs. The KPMG report reflects its commitment to addressing business challenges while seizing opportunities through innovative technologies and full-service capabilities.
Conclusion and Implications for the Future
The findings from KPMG’s 2025 survey illustrate a resilient and forward-thinking business environment in New York. As leaders prepare for growth, hiring, and transformative strategies, the insights underscore a continued belief in New York City as a vital hub of opportunity and economic development.
As companies strategize their next moves, the emphasis on in-person collaboration and technological investments could play a key role in how effectively they navigate the challenges of the coming years.
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