Welcome to Rochester, NY - 2010


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Highly skilled workforce, some of the best companies to work for in America, and world-class R&D make Rochester, NY an innovation hub. This presentation outlines more reasons to expand your business in the Greater Rochester, NY Region.

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Welcome to Rochester, NY - 2010

  1. 1. 100 Chestnut Street, Suite 1910, Rochester, NY 14604 / 585-530-6200 / RochesterBiz.com
  2. 2. Greater Rochester, NY Rochester is the third largest city in New York State Located on the shores of Lake Ontario in Western NY The area offers a unique combination of big city opportunities coupled with a small town lifestyle
  3. 3. Finger Lakes Region Finger Lakes Region Population: 1,192,301 Total Workforce: 619,200 Geographic Size: Comprised of 9 counties in Upstate New York: Genesee, Livingston, Monroe, Ontario, Orleans, Seneca, Wayne, Wyoming and Yates Source: U.S. Census data, July 2008 estimates for population; NYS Dept of Labor, 2010 Annual Average for workforce
  4. 4. Home to Many Major Corporations
  5. 5. Home to Innovations Our region has the highest number of patents per worker From mass photography to apple juice, many great inventions were Lens for Mars Rover made in created in our region Rochester Power module for Chevy Equinox fuel cell car
  6. 6. Major Industry Strengths Green Tech Optics and Imaging Food and Beverage Manufacturing Healthcare/Biotech
  7. 7. Region Emerging as Green Tech Leader Biofuels: $90 million investment in ethanol plant in Orleans Fuel Cells: GM and Delphi fuel cell R&D activity here Wind: More than 60 local manufacturers have technical capabilities to manufacture wind turbine components Solar: Thin film polymer technology expertise here
  8. 8. Bountiful Food and Beverage Strengths 100+ food and beverage manufacturers #1 wine producing region in NYS Cornell Agriculture & Tech Farm with more than 90 established to foster agriculture, wineries food and bio-based technologies
  9. 9. Biotech Industry is Booming 70+ biotech companies located in Greater Rochester Region Strength in medical device manufacturing, biomedical imaging and vision science University Research and Technology Centers – UR to open new Clinical and Translational Sciences Center to move biomedical discoveries from lab to treatments and cures – RIT offers bioinformatics programs Image Related Bio-Markers
  10. 10. World Leaders in Optics and Photonics More than 50 optics companies in Greater Rochester Region World-class education, research labs and facilities – 55% of optics degrees conferred at UR – Infotonics Technology Center – UR’s Institute of Optics and Laboratory for Laser Energetics – RIT’s Imaging and Photonics Research Lab ITT's Digital Camera Pictometry – Visual Intelligence System On Board IKONOS Satellite
  11. 11. Competitive Advantages Size, breadth, and quality of higher education Proximity to major metropolitan areas without the high cost Rochester is within 500 miles of 1/3 of the US and Canadian population Availability of Fresh Water 7% of world’s fresh water is right here Other regions of the country envy our water supply Workforce – “Labor Cubed” High caliber – skilled and educated Available Competitive wages
  12. 12. Quality of Education Rochester’s educational environment consistently outpaces national averages Public high schools ranked in “America’s Best High Schools” US News & World Report (2010) Eighth Best Mid-sized Metro Area College town in US American Institute for Economic Research (2010-2011 College Destination Index) Ranked 6th for Best Places with Best Education Forbes (2003)
  13. 13. Colleges & Universities More than 84,000 students and 17,000 graduates per year De gre e s Tota l Enrollm e nt*, Gra nte d, Num be r of Type Colle ge /Unive rsity 2007-2008 Ye a rs Fa ll 2008 Aca de m ic Ye a r Hobart and W illiam Sm ith Colleges 2,078 408 Keuka College 1,613 492 Nazareth College of Rochester 3,250 929 Private College Roberts W esleyan College 1,902 668 Rochester Institute of Technology 15,048 3,501 St. John Fisher College 3,840 1,041 University of Rochester 9,723 2,580 State University College at 4-Y ear /Grad Brockport 8,275 2,106 Public College State University College at Geneseo 5,590 1,219 Private Career School New York Chiropractic College 840 239 Colgate Rochester Crozer Divinity School 84 22 Northeastern Sem inary 112 34 St. Bernard's School of Theology and M inistry 126 29 S ub total 4-Year/Grad Institutions 52,481 13,268 Finger Lakes Com m unity College 5,649 773 Public Com m unity Genesee Com m unity College 6,732 660 College 2-Y ear M onroe Com m unity College 18,138 2,552 Private Business/Career Bryant & Stratton College 686 151 School Everest Institute 1,101 300 S ub total 2-Year Institutions 32,306 4,436 Tota l, 4- a nd 2-Ye a r Institutions 84,787 17,704 Sourc e: O ffic e of Higher Educ ation Res earc h and Information Sys tems , The Univers ity of the State of New York (J une 2008/Sept. 2008) *Inc ludes total full-time, part-time, undergraduate, and graduate enrollment.
  14. 14. Highly-Skilled Workforce 61% of Population has Productivity drivers are high quality labor, high employee retention, low Some College Education absenteeism, and short commutes to and from work Education Attainment of Population Employer Ratings on Labor Quality 25 Years Plus (Rochester MSA) Percent (1=poor, 5=excellent) Average Labor Quality Score Work Ethic 4 High school graduate (incl. equivalency) 88.6% Willingness to work overtime 4 Productivity compared to that or company’s other sites 3.9 Productivity 3.9 Highest Level Attained: Overall employer/employee relations 3.9 Punctuality 3.6 High school graduate (incl. Source: RBA/WDG Employer Survey, Winter 2004 equivalency) 27.5% Some college, no degree 18.2% Absenteeism Annual Rate – • 1.7% or 4 days in Manufacturing Sector Associate degree 10.9% • 1.9% or 5 days in All Sectors RBA Annual Turnover / Absenteeism Survey, March 2005 Bachelor's degree 18.5% Graduate or Professional degree 13.5% Average Daily Commute Time - • 22.6 minutes (Rochester MSA) U.S. Census Bureau, 2008 American Community Source: U.S. Census Bureau, 2008 American Community Survey Survey
  15. 15. Intellectual Density Quotient - IDQ Rochester has a high intellectual density quotient IDQ is a measurement derived through comparison of a region’s population to its ranking in a core list of recognized standards of success – providing an assessment of a region’s capacity for creativity and problem solving
  16. 16. Rochester outperforms high tech regions 5 times our size • More patents per 1,000 worker (2.77) than San Jose and Austin • Greater % of population classified as knowledge workforce than Raleigh or Seattle • Greater % of population enrolled in college than Boston or San Francisco • We are the only community to have best small, medium and large company to work for in America
  17. 17. Recognizes Rochester • 3rd Best Place to Raise a Family – Cost of living, short commutes and affordable housing • 7th Fastest Recovering City – Diversified industry and stable housing • 14th Most Innovative City – Tech and science jobs, creative jobs and patents per capita
  18. 18. Additional Recognition • Business Facilities recognized Rochester; One of Editors’ 7 Top Location Picks – “IDQ proves that Rochester is a place where smart people live and smart businesses grow. A high IDQ creates a contagious, pervasive culture of success” (source: Business Facilities, June 2010) • Businessweek named Rochester the 15th Strongest Job Market (July 2010) • Brookings Institute reports Rochester's economy is in the "Top 20 in the Nation“ (September 2010)
  19. 19. Easily Accessible Conveniently located within 500 miles of 1/3 of the population of the United States and Canada Easy commute – 22.6 minutes average Ranked 1st Among 30 Peer Cities For Least Congested Freeway Miles (Source: Texas Transportation Institute Urban Mobility Report, 2008)
  20. 20. Exceptional Lifestyle Attainable by All Third Best Place in U.S. to Raise a Family Forbes, June 2010 Ranked 1st for Quality of Life Among Metropolitan Regions of More Than 1 Million People Expansion Management, 2007 Rochester MSA National Median Housing Sales Price* $119,200 $206,500 National $206,500 Median Family Income** $59,827 $58,526 Rochester National Affordability Rank*** 37 - Rochester MSA MSA $119,200 Owner Occupied Housing Units** 69.7% 67.3% National $59,827 $58,526 Median Cash Rent** $694 $763 Homes Affordable for Median Income*** 81.5% 55.0% Average Household Size** 2.65 2.71 Median Family Income Median Home Sales Price
  21. 21. Beautiful Scenic Areas One of the region’s numerous Finger Lakes Abundance of Fresh Water Beneficial for agriculture Beneficial for recreational sports Middle Falls at Letchworth State Park “Best 100 Miles” of the Erie Canal
  22. 22. Four Seasons = Year-Round Activities Magnificent Fall Foliage Rochester is one of the 10 best Golf cities in the US Source: Golf Magazine, November, 2007 Ski resorts less than 1 hour from Rochester Sailing and fishing abound on numerous regional lakes
  23. 23. Rich Cultural Arts George Eastman House International Museum of Photography and Film Strong National Museum of Play – one of the top 10 best children’s museums in the nation Eastman Theatre, home to Rochester Philharmonic Orchestra
  24. 24. Rochester Has it All Highly-skilled and productive workforce Renowned universities and research centers Rich base of educational resources Affordable and exceptional lifestyle
  25. 25. 100 Chestnut Street, Suite 1910, Rochester, NY 14604 / 585-530-6200 / RochesterBiz.com