Economic Outlook for the Greater Rochester Region. Mark Peterson CEO, Greater Rochester Enterprise

Transcription

1 Economic Outlook for the Greater Rochester Region HOSTED BY Mark Peterson CEO, Greater Rochester Enterprise PRESENTED BY

2 June 10, 2016

3 Greater Rochester Enterprise s Purpose Greater Rochester Enterprise (GRE) is an economic development organization committed to attracting new capital investments and creating regional wealth and new jobs throughout the Greater Rochester, NY region. As a no-cost intermediary, the GRE team of professionals will help you connect to the right people and find the right resources to expand your company here. We are the first call you should make if you want to grow your business.

4 Snapshot of the Greater Rochester Region Population: 1,218,627 Total Workforce: 590,400 Geographic Size: 9-county Greater Rochester Region (Genesee, Livingston, Monroe, Ontario, Orleans, Seneca, Wayne, Wyoming and Yates) Conveniently located within 400 miles of Boston, New York City, Philadelphia and Washington, DC Sources: U.S. Census Bureau, July 2014 Population Estimates; New York State Dept. of Labor, November 2015

5 New Growth in Rochester Region

6 2 nd Largest Exporter in New York State 5.7% of NY merchandising exports Outrank Atlanta, Dallas, Philadelphia and DC on per capita basis More than $7.5B in exports: Chemicals Communications Equipment Machinery Precision Instruments Computer and Electronic Products Royalties Business Services Food and Manufactured Goods

7 Solid Gains in Exports of Goods from Key Sectors Food & Beverage Products 2014 Exports ($ Millions) 2013 to 2014 % Change $ % Fabricated Metal Products $ % Computer & Electronic Products $ % Financial Services $ % Source: M&T Bank & Brookings Institution 2014

8 Accelerating Growth of Second- Stage Companies GRE s Economic Gardening program Accepting new applicants

9 Finger Lakes Wins $500M in URI Competition 3 Winning Regions: Finger Lakes Central NY Southern Tier Also Received $30M of CFA Funding in Round V of REDC

10 Evaluated 1,000+ industries to identify core clusters Evaluated a broad set of 1,000+ sub-industries Focusing on a set of strong growth industry clusters Filters: Optics, Photonics, and Imaging Job growth Output growth Regional focus Regional fit Interviews Agriculture and Food Production Next-Generation Manufacturing & Technology

11 Elements of URI Framework Pillars Optics, Photonics, and Imaging Agriculture and Food Production Next Generation Manufacturing and Technology Enablers Pathways to Prosperity: Workforce Development Entrepreneurship & Development Higher Education and Research The Foundation: Quality of Life

12 STAMP Game Changer for Region Business Attraction Focus: Semiconductor Flat Panel Display Photovoltaic (Solar) Bio-Sciences Advanced Manufacturing and R&D type projects Site & Regional Features: 1,250 acre campus High Capacity Infrastructure 12M gpd Water, Sewer 24 Natural Gas transmission main 200MW to 500MW Electric [NGRID/NYPA] Hydropower Zone Commuter Shed: 2.1M 7 Regional University s (17,500) 5 Community Colleges (53,000) GCC, ECC, MCC, NCCC, FLCC Economic Returns Potential: 20B + investment Up to 10,000 jobs onsite 50,000 jobs regionally Site Development Investment: Current Phase: $33M Full Build Out: $350M

13 1366 Technologies Landmark Expansion in Rochester Region

14 Summary The Greater Rochester Region has: World Class Manufacturing expertise Highly-skilled, productive and available workforce Cost competitive business environment Close proximity to major markets Exceptional quality of life

15 Questions?

16 THANK YOU SPONSORS EXHIBITOR LIST Littler Mendelson, P.C. Digital Rochester SEKO Worldwide Global NY, Empire State Development Export-Import Bank of the U.S. U.S. Small Business Administration U.S. Department of Commerce Mohawk Global Logistics Language Intelligence ER Select LLC CentriLogic Wells Fargo Bank ALT Translations, LLC High Tech Rochester Brockport Small Business Development Center St. John Fisher College PC Results Inc. Monroe County Economic Development SPEED Global Services