Syracuse and the surrounding region of Central New York is a great place to do business! Known as a center of innovation since the mid-19th century, the community maintains the spirit of innovation while transforming itself into a success in the new economy. Two new initiatives, the CNY Biotechnology Research Center and the Center of Excellence will help fuel the continued success of the region.
Our skilled and available workforce, affordable cost of operation, diverse economic incentive programs, such as the NYS Empire Zone and Federal Empowerment Zone, and less-burdensome regulatory climate all contribute to the successful recruitment of new businesses to the area and opportunities for continued growth of local businesses.
Our diverse economy is a key to our success. From the specialty steel manufacturing of Crucible Steel to the medical device manufacturing of Welch Allyn and from Bristol Meyers Squibb Biopharma research to Bank of New York financial security services, the community has adapted and been a catalyst for growth. To quote a recent USA Today article, "Syracuse has long adapted to economic change. It went from salt manufacturing to being the typewriter capital to the city where TV's were made." Our people innovate, adapt, and succeed.
From medical centers to ethanol plants and agri-business to high technology, New York offers a fertile empire where various industries grow alongside each other. » Read article
New York State has the 11th largest economy in the world, and it is an econom y that keeps on growing. According to a report put out in March by the New York State Department of Labor, the state’s economic expansion continued in 2006, extending a trend of job growth that has been in place since mid-2003. » Read article
Syracuse, NY—once known as “The City that Salt Built”—is now building its economy on the services sector, and has experienced substantial growth lately thanks to several major expansions. » Read article