New York Machinery and Equipment Appraisals
Collateral Evaluation Associates, Inc. (CEA) has provided machinery and equipment appraisals in New York since 1990. Our expertise as machinery and equipment appraisers includes medical equipment, construction equipment, manufacturing equipment, industrial equipment, and transportation equipment.
CEA provides machinery and equipment appraisals for the following purposes: asset based loans or refinancing; ad valorem tax purposes; allocation of purchase price; condemnation or eminent domain; FAS141/FAS142 reporting; insurance purposes; leasing; corporate conversions, dissolutions, mergers, purchases, sales, etc.
CEA has completed appraisals in the following New York cities and towns: Albany; Amsterdam; Auburn; Ballston Spa; Bath; Binghamton; Buffalo; Carthage; Corning; Coxsackie; Leroy; Lowville; New York City; Rochester; Syracuse; Utica.
Schenectady, Albany, and New York City, once the major industrial cities of the lower Mohawk and the Hudson River valleys, continue their long time manufacturing decline. Except in the mountain regions, the areas between cities are rich agriculturally. The Finger Lakes region has orchards producing apples, one of New York’s leading crops; vineyards here and on Long Island make the state famous for its wines. The state produces other, diverse crops, especially grapes, strawberries, cherries, pears, onions, and potatoes (grown especially on eastern Long Island); maple syrup is extracted, and New York is the third leading U.S. producer of dairy goods. New York’s mineral resources include crushed stone, cement, salt, and zinc.
The state has a complex system of railroads, air routes, and modern highways, notably the New York State Thruway. The New York State Canal System, an improvement of the old Erie Canal is now mainly used for recreational travel; the Hudson and some other rivers still carry freight. Ocean shipping is handled by the port of New York City and, to a much lesser extent, by Buffalo. Hydroelectricity for northern New York is produced by the St. Lawrence power project and by the Niagara power project, which began producing in 1961.
In spite of significant decline, New York has retained some important manufacturing industries, and, by virtue of New York City, it has strengthened its position as a commercial and financial leader. Although the largest percentage of the state’s jobs lie in the service sector, its manufactures are extremely diverse and include printed materials, apparel, food products, machinery, chemicals, paper, electrical equipment (notably at Schenectady), computer equipment (Poughkeepsie), optical instruments and cameras (Rochester), sporting goods, and transportation equipment.
Printing and publishing, mass communications, advertising, and entertainment are among New York City’s notable industries. Long Island has aircraft plants (although these have declined sharply since the 1970’s) and Brookhaven National Laboratory, a research center. Many corporate headquarters and research facilities have relocated to Westchester County north of New York City. Some commercial fishing is pursued in Lakes Erie and Ontario and in the waters around Long Island. The state has 18,775,000 acres (7,294,000 hectares) of forest, but forestry is no longer a major industry.