The first decade of this century has seen a steady flow of jobs moving away from city downtowns around the U.S according to a new report from the Brookings Institution. But cities in upstate New York have fared better than some.
Tuesday’s fiscal cliff package included extensions to a range of business-related tax credits, including one aimed at supporting research and development. Although Rochester, Buffalo and Syracuse have some of the most active R & D economies in the country, experts say the deal could be a double-edged sword for upstate New York.
The plan was released Wednesday during CenterState's annual meeting. Along with Brookings, representatives from the US Export-Import Bank and the Commerce Department touted the potential of the region.
But central New York has a ways to go: Of the top 100 largest metro areas, Brookings found Syracuse ranked 72nd for export value in 2010.
CenterState CEO in Syracuse is trying to get more companies in Central New York to do business outside the area. Syracuse is one of four metropolitan areas in the U-S that are working with the Brookings Institution to increase exports over the next five years. As part of two initiatives, they are asking local business for data about their exports, and encouraging them to look at more business opportunities outside the area.