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The Pulse of the Region

The Pulse of the Region

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The Pulse of the Region

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  1. The Pulse of the Region Rochelle Ruffer, PhD Associate Director of Economic Analysis Center for Governmental Research Rochester, NY

  2. Center for Governmental Research • Founded in 1915 by George Eastman • Project-oriented nonprofit serving state & local government primarily in NYS • 18 staff members in Rochester & Albany • Focus areas include economics & public finance, human services restructuring, education reform, health care

  3. Outline of Talk • Population Trends • Employment Trends • Thinking outside traditional “sectors” • Areas of Promise

  4. Ultimate Economic Indicator: Population

  5. Clinton Franklin St. Lawrence Essex Jefferson Lewis Hamilton Warren Oswego Oneida Orleans Niagara Wayne Monroe Saratoga Fulton Onondaga Herkimer Genesee Ontario Madison Wyoming Yates Otsego Erie Albany Chenango Schoharie Tompkins Schuyler Greene Delaware Tioga Columbia Broome Allegany Steuben Chemung Ulster Dutchess Sullivan Putnam Orange Rockland Suffolk Nassau The Regions in our Analysis Washington Syracuse MSA Utica-Rome MSA Buffalo-NF MSA Rochester MSA Montgomery Schenectady Seneca Cayuga Rensselaer Cortland Livingston Cattaraugus Chautauqua Westchester

  6. Total Population 1990 to 2006 est.

  7. Change in Population

  8. Much of Upstate NY in “Biggest Losers”

  9. NYS Climate Index (Source: Public Policy Institute of NYS, Inc.)

  10. Clinton Franklin St. Lawrence Essex Jefferson 0.0% Lewis 0.5% Hamilton 0.4% Warren 0.4% Oswego Oneida Orleans Niagara Wayne Monroe Saratoga Fulton Onondaga Herkimer Genesee Ontario Madison Wyoming Yates Otsego Erie Albany Chenango Schoharie Tompkins Schuyler Greene Delaware Tioga Columbia Broome Allegany Steuben Chemung Ulster Dutchess Sullivan Putnam Orange Rockland Suffolk Nassau Job Growth Remains Slow Change in Nonag Employment Aug 06-Aug 07 NYS: 1.0% Washington Syracuse MSA Buffalo-NF MSA Utica-Rome MSA Montgomery Rochester MSA Schenectady Seneca Cayuga Rensselaer Cortland Livingston Cattaraugus Chautauqua Westchester Source: NYS Department of Labor

  11. Employment All Sectors Rochester, Utica-Rome, Syracuse, Buffalo-Niagara Falls MSAs

  12. Manufacturing Rochester, Utica-Rome, Syracuse, Buffalo-Niagara Falls MSAs

  13. Financial Activities Rochester, Utica-Rome, Syracuse, Buffalo-Niagara Falls MSAs

  14. Professional & Business Services Rochester, Utica-Rome, Syracuse, Buffalo-Niagara Falls MSAs

  15. Educational & Health Services Rochester, Utica-Rome, Syracuse, Buffalo-Niagara Falls MSAs

  16. Thinking outside traditional “sectors” • Recent CGR report for FLP WIRED concludes • While technical competencies - are important to the success of many Finger Lakes firms, it is management competencies that set the outstanding companies apart from the rest. • Systems & process integration • Strategic sensibility • Customer responsiveness • Talent identification and development • Quality and operational excellence • Entrepreneurial ethos

  17. Good News! • Also important are enabling competencies • While our study concentrated on the Finger Lakes area, the rest of western NY is probably similar • These management and enabling competencies allow the Finger Lakes to be globally competitive in a wide variety of technologies, products, and services.

  18. Areas of Promise • CIMS Sustainability Institute • CGR study suggests SI will expand the number of senior researchers, the physical plant and technology transfer support in: • sustainable design and manufacturing • fuel cell research • renewable energy research

  19. Solar Energy Possibilities • RIT R&D at NanoPower Research Labs to support the solar energy sector • The American Solar Energy Society (ASES) SOLAR 2009 in Buffalo • Reasons include: • Support for renewable energy by local leaders • Recent economic development • Opportunity to partner with policy-makers to expand the use of renewable energy

  20. Wind Energy • Maple Ridge Wind Farm in Lewis County, 240 MW wind farm as well as many others • Many potential sites for wind, including capacity of approximately 214 megawatts in Buffalo city area

  21. Economic Impact of Wind in Franklin County • Recent CGR study of 128 MW proposed wind farm concludes: • Wind is compatible “alternative crop” for Franklin county farmers • Generates modest annual employment – 29 jobs (direct and spillover) with earnings of $1.14 million • Generates sales tax revenues from landowners’ expenditures

  22. Home to some “Green” Manufacturing • GM’s Tonawanda (NY) Engine Plant, the world’s largest engine manufacturing facility, has achieved landfill-free status in its manufacturing operations by reducing waste generation, recycling and converting waste to energy. • More than 95% of the waste materials from the plant’s manufacturing operations (23,233 tons annually) are recycled and nearly 5% (or 1,060 tons annually) are converted to energy at waste-to-energy facilities.

  23. Questions? Rochelle Ruffer rruffer@cgr.org (585)327-7056