Saturday, September 22, 2012

Underperforming Upstate . . .

An article was published in Business Insider this past week listing "The 11 Worst-Performing Cities in America."

Isn't it odd that the author chose to list 11 instead of 10?  Perhaps it was to avoid having the article over-emphasize New York since Upstate New York cities comprise four out of the "top"  (or should I say "bottom") worst-performing cities.  Those cities are Albany #4, Buffalo #5, Syracuse #9, and Poughkeepsie #10.

Albany is rather interesting being the worst in  NY considering the literally 100s of Millions of taxpayer dollars spent promoting nano-tech there.  I guess pouring tons of tax dollars into supporting private businesses just doesn't raise everyone's boat.

And before popping champagne corks over Utica not being listed, Utica-Rome Metro was not even considered because this area is no longer among the 100 largest metropolitan areas in population.

Considering that other "old" metro areas in the Northeast such as Boston and Worscester, MA are doing quite well should strongly suggest that the problem is rooted in NYS policies.

For detailed information on which areas are doing well and which are not check the interactive map on Brookings Metro Monitor September 2012.

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