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Economy
Central Upstate New York has what it takes to compete in the new economy - a highly educated workforce, a strong network of universities with research capabilities related to the region's technology clusters, and a high quality of life.
With over 2,200 emerging technology companies, the region is rapidly transitioning into a knowledge-based economy.
What drives CNY economy?
Biosciences
Firms grew 22.9 percent between 1998 and 2003
Over 6,000 workers, a 3.3 percent increase over the past six years
Digital and Electronic Devices
Firms grew 11 percent between 1998 and 2003
Over 2,100 workers, a 22.5 percent increase over the past six years
Growth rate is 44 percent higher than the national average
Environmental Systems
Firms grew 17.2 percent between 1998 and 2003
Over 6,700 workers, a 16.6 percent increase over the past six years
Growth rate is 32 percent higher than the national average
Precision Metalworking
Firms added 1,600 workers between 1998 and 2003
Over 10,000 workers, a 19.2 percent increase over the past six years
Growth rate is 28.5 percent higher than national average
Together, these technology clusters employ more than 45,000 people, over ten percent of the total regional employment
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