Tagged: exports

In March, the federal government awarded Chenango County, northeast of Binghamton, foreign trade zone status. That means county businesses can import goods without paying a tariff. They also pay a lower tariff if those goods are sold within the United States and no tariff if the final product is exported.

Boosting exports, focusing on homegrown New York businesses, and the importance of engaging with Generation Y. These were all topics of focus at the Accelerate Upstate 2.0 conference in Buffalo this week.

CenterState CEO, an economic booster engine for central New York, has set a goal of doubling exports for the region over the next five years.

The path to that goal includes help from the Brookings Institute's Metropolitan Policy Program. Brookings picked Syracuse last summer as one of four metro areas it would help increase its exports.

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.