Empire State Development announced Coinbase’s expansion in New York City and tied the move to the creation of more than 600 high‑tech jobs and over $750 million in annual research and development activity.

The presentation from the state development agency emphasized employment and innovation outcomes, reflecting how city and state economic development efforts prioritize job creation when engaging with technology firms.

Framed by officials as a policy‑and‑employment decision rather than a market‑specific initiative, the announcement highlights R&D scale and headcount as the central metrics for public support.

The ESD release provided those headline figures; it did not convert the announcement here into broader policy promises beyond the stated jobs and annual R&D commitments.

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