Niagara Mohawk - Economic Development

The five-county Central New York region borders Lake Ontario to the north and embraces the state's heartland. Its strategic location has enabled it to develop into a prime industrial region, an important distribution point and a financial center. The area is 3,590 square miles with mean daily temperatures in 23.6 in January and 71.5F in July

Quick Facts:

Work Force
Population
Local Utilities
Market Access
Industries
Economic Development Zones
Transportation
Education
Quality of Life

Workforce:

Labor Force 390,800
Households 290,221
Total Personal Income $15.3 billion
Per Capita lncome: $19,076
Median Home Sales Price: $82,980 (Syracuse area)

Population: 803,298 BACK TO TOP

Cayuga County 83,115
City of Auburn 30,856
Cortland County 49,373
City of Cortland 19,989
Madison County 71,711
City of Oneida 11,208
Onondaga County 473,336
City of Syracuse 159,895
Oswego County 125,818
City of Fulton 13,008
City of Oswego 18,715

Local Utilities BACK TO TOP

Niagara Mohawk:
Offers negotiated flexible electric rates for many types of new businesses, negotiable gas transportation rates and fixed rate gas discounts.

Market Access BACK TO TOP

The area's comprehensive multi-modal transportation system provides access to a huge industrial market. Within a 750-mile radius of Syracuse lies about half of the combined population of the U.S. and Canada, as well as half the personal income and half of the manufacturing plants.

Industries BACK TO TOP

Central New York enjoys a very diverse economy. Although the service sector is the leading employer, the region is well represented by manufacturing industries. Among the Fortune 500 industrial firms that have facilities in the region are Chrysler, Bristol Myers-Squibb, Lockheed Martin, Carrier Corporation and Cooper Industries. Manufacturers produce a broad array of consumer and industrial products, including air conditioners, prescription drugs, electronics and medical equipment, and automotive transmissions.

Government, retail trade and transportation, communications and public utilities are major employers in the region. Dairy farming and food processing are also significant contributors to the area's economy.

Economic Development Zones BACK TO TOP

Auburn
Fulton
Oswego
Syracuse

Selected Employers BACK TO TOP

Anheuser-Busch, Inc., Baldwinsville
Bristol Myers-Squibb, Syracuse
Carrier Corporation, Syracuse
Cortland Line, Cortland
Crouse Hinds Div. Cooper Industries, Syracuse
Lockheed Martin, Syracuse
Nestle Foods, Fulton
New Venture Gear, Syracuse
Niagara Mohawk Power Corporation, Syracuse
Owens-Brockway, Auburn and Fulton
Pall Trinity Micro-Corp., Cortland
Rubbermaid, Inc., Cortland
L.& J. G. Stickley, Inc., Manlius
Syracuse China, Syracuse
TRW Automotive Group, Auburn and Union Springs
Welch Allyn, Inc., Skaneateles

Transportation BACK TO TOP

Highways: Major east-west access is provided by the New York State Thruway (I-90), which is bisected by Interstate 81, a major north-south artery that runs from the Canadian border south to Pennsylvania.
Air Service: Hancock International Airport in Syracuse is served by eight major airlines and two commuter airlines. The Oswego County Airport and many other general aviation facilities operate in the region.
Rail Service: Rail service is provided by Amtrak and Conrail, which operate an intermodal transfer center in Syracuse.
Bus Service: Greyhound and Trailways provide regular bus service. Regionally, service is provided by Centro, S&O and small, local carriers.
Port Facilities: The Port of Oswego provides direct access to the St. Lawrence Seaway for ocean going vessels, and the New York State Canal System can be accessed at several points in the region.

Education BACK TO TOP

More than 60,000 students are enrolled in more than a dozen institutions of' higher education. Syracuse University ranks tenth in the nation in computer science and is home to the state’s Center for Advanced 'Technology in Computer Applications and Software Engineering. The State University of New York Health Science Center and the College of Environment Studies and Forestry conduct research in their respective fields.

Major Colleges and University Enrollment

Colgate University, Hamilton 2,720
Le Moyne College 2,387
SUNY College of Environmental Science
and Forestry, Syracuse 1,656
SUNY Health Science Center 1,095
SUNY College at Cortland 6,991
SUNY College at Morrisville 3,435
SUNY College at Oswego 8,555
Syracuse University, Syracuse 20,496

Quality of Life BACK TO TOP

Central New York's abundance of natural resources supports a year-round tourist and recreation industry. Lake Ontario, the Finger Lakes and Oneida Lake provide opportunities for a variety of, water sports. Winter weather attracts alpine and nordic skiers to the region. Art galleries, museums, winery tours, the Burnet Park Zoo and the annual State Fair are just a few of the area's many attractions. The City of Syracuse has been highly rated by national publications for outstanding quality of life, suitability for families, and as a highly desirable place to live.

Prepared by Niagara Mohawk, Syracuse New York - 1-800-944-6460