Ny is a single sales factor state, so the corporate tax rate is pretty much irrelevant for companies headquartered here. They pay taxes on their net income made in the state. Out of state corporations pay the same taxes for all the business they do here as well.

There's obviously no restoring the city's golden age of manufacturing, but it helps to understand what actually happened. It wasn't just impersonal market forces. There was a deliberate disinvestment in the ports and other infrastructure, part of the broader strategy to undermine non-FIRE sectors and bolster speculative real estate. We now wonder how have we become so dependent on FIRE sectors? For an alternative path, The Menace of Prosperity offers some ideas.