welcome to rochester, ny - 2010
DESCRIPTION
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.TRANSCRIPT
100 Chestnut Street, Suite 1910, Rochester, NY 14604 / 585-530-6200 / RochesterBiz.com
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 cityopportunities coupled with a small town lifestyle
Greater Rochester, NY
Finger Lakes Region
Finger Lakes Region Population: 1,192,301
Total Workforce: 619,200
Geographic Size:Comprised of 9 counties inUpstate 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 AnnualAverage for workforce
Home to Many Major Corporations
Our region has the highest numberof patents per worker
Lens for Mars Rover made inRochester
Power module for ChevyEquinox fuel cell car
From mass photography to applejuice, many great inventions werecreated in our region
Home to Innovations
Food and BeverageManufacturing
Green Tech
Major Industry Strengths
Optics and Imaging
Healthcare/Biotech
Fuel Cells: GM and Delphi fuel cell R&D activity here
Biofuels: $90 million investment in ethanol plant in Orleans
Wind: More than 60 local manufacturers have technicalcapabilities to manufacture wind turbine components
Solar: Thin film polymer technology expertise here
Region Emerging as Green TechLeader
100+ food and beverage manufacturers
Cornell Agriculture & Tech Farmestablished to foster agriculture,food and bio-based technologies
#1 wine producingregion in NYS
with more than 90wineries
Bountiful Food and BeverageStrengths
70+ biotech companies located in Greater Rochester Region
Image Related Bio-Markers
Strength in medical device manufacturing,biomedical imaging and vision science
University Research andTechnology Centers
– UR to open new Clinical andTranslational Sciences Center tomove biomedical discoveries fromlab to treatments and cures
– RIT offers bioinformaticsprograms
Biotech Industry is Booming
More than 50 optics companies in Greater Rochester RegionWorld-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 CameraSystem On BoardIKONOS Satellite
Pictometry – Visual Intelligence
World Leaders in Optics andPhotonics
Competitive AdvantagesSize, breadth, and quality of higher education
Proximity to major metropolitan areas without thehigh cost Rochester is within 500 miles of 1/3 of the US and
Canadian population
Availability of 7% of world’s fresh water is right here Other regions of the country envy our water supply
Fresh Water
Workforce – “Labor Cubed” High caliber – skilled and educated Available Competitive wages
Quality of EducationRochester’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 USAmerican Institute for Economic Research
(2010-2011 College Destination Index)
Ranked 6th for Best Places with Best EducationForbes (2003)
Colleges & UniversitiesMore than 84,000 students and 17,000 graduates per year
Tota l Enrollment*, DegreesGranted,
Fa ll 20082007-2008Academic
YearHobart and W illiam Smith Colleges 2,078 408Keuka College 1,613 492Nazareth College of Rochester 3,250 929Roberts W esleyan College 1,902 668Rochester Institute of Technology 15,048 3,501St. John Fisher College 3,840 1,041University of Rochester 9,723 2,580State University College atBrockport 8,275 2,106State University College atGeneseo 5,590 1,219
Private Career School New York Chiropractic College 840 239Colgate Rochester Crozer DivinitySchool 84 22Northeastern Seminary 112 34St. Bernard's School of Theologyand Ministry 126 29
52,481 13,268Finger Lakes Community College 5,649 773Genesee Community College 6,732 660Monroe Community College 18,138 2,552Bryant & Stratton College 686 151Everest Institute 1,101 300
32,306 4,436
84,787 17,704Source: O ffice of Higher Education Research and Information Systems, The Univers ity of the State of New York (June 2008/Sept. 2008)*Includes total full-time, part-time, undergraduate, and graduate enrollment.
Subtotal 2-Year Institutions
Tota l, 4- and 2-Year Institutions
Subtotal 4-Year/Grad Institutions
2-Year
Public CommunityCollege
Private Business/CareerSchool
4-Year /Grad
Private College
Public College
Number ofYears Type College /University
Highly-Skilled Workforce
Education Attainment of Population
25 Years Plus (Rochester MSA) Percent
High school graduate (incl. equivalency) 88.6%
Highest Level Attained:
High school graduate (incl.equivalency) 27.5%
Some college, no degree 18.2%
Associate degree 10.9%
Bachelor's degree 18.5%
Graduate or Professional degree 13.5%
Source: U.S. Census Bureau, 2008 American Community Survey
61% of Population hasSome College Education
Productivity drivers are high qualitylabor, high employee retention, lowabsenteeism, and short commutes toand from work
Labor Quality AverageScore
Work Ethic 4Willingness to work overtime 4Productivity compared to that or company’s other sites 3.9Productivity 3.9Overall employer/employee relations 3.9Punctuality 3.6Source: RBA/WDG Employer Survey, Winter 2004
(1=poor, 5=excellent)Employer Ratings on Labor Quality
Absenteeism Annual Rate –• 1.7% or 4 days in Manufacturing Sector• 1.9% or 5 days in All Sectors
RBA Annual Turnover / Absenteeism Survey, March2005
Average Daily Commute Time -• 22.6 minutes (Rochester MSA)
U.S. Census Bureau, 2008 American CommunitySurvey
Intellectual Density Quotient - IDQRochester has a high intellectual density quotient
IDQ is a measurement derived through comparison of a region’spopulation to its ranking in a core list of recognized standardsof success – providing an assessment of a region’s capacityfor creativity and problem solving
Rochester outperforms high techregions 5 times our size• More patents per 1,000 worker (2.77) than San Jose
and Austin
• Greater % of population classified as knowledgeworkforce than Raleigh or Seattle
• Greater % of population enrolled in college thanBoston or San Francisco
• We are the only community to have best small,medium and large company to work for inAmerica
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
Additional Recognition• Business Facilities recognized Rochester;
One of Editors’ 7 Top Location Picks
– “IDQ proves that Rochester is a place where smart people liveand 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'seconomy is in the "Top 20 in the Nation“(September 2010)
Easily AccessibleConveniently located within 500 miles of 1/3 of the population of the
United States and Canada
Easy commute – 22.6 minutes averageRanked 1st Among 30 Peer Cities For Least Congested Freeway Miles
(Source: Texas Transportation Institute Urban Mobility Report, 2008)
Third Best Place in U.S. to Raise a FamilyForbes, June 2010
Ranked 1st for Quality of Life Among Metropolitan Regions ofMore Than 1 Million People
Expansion Management, 2007
Rochester MSA National
Median Housing Sales Price* $119,200 $206,500
Median Family Income** $59,827 $58,526
National Affordability Rank*** 37 -
Owner Occupied Housing Units** 69.7% 67.3%
Median Cash Rent** $694 $763
Homes Affordable for Median Income*** 81.5% 55.0%
Average Household Size** 2.65 2.71
(*Source: National Associat ion of Realtors, Q2 2008)
(**Source: U.S. Census, 2006 American Community Survey )
(***Source: NAHB Housing Opportunity Index, Q2 2008)
RochesterMSA
$59,827
RochesterMSA
$119,200
National$206,500
National$58,526
Median Family Income Median Home Sales Price
Exceptional Lifestyle Attainableby All
Abundance ofBeneficial for agricultureBeneficial for recreational sports
Fresh Water
One of the region’s numerous Finger Lakes
“Best 100 Miles” of the Erie Canal
Middle Falls at Letchworth State Park
Beautiful Scenic Areas
Rochester is one of the 10 bestGolf cities in the USSource: Golf Magazine, November, 2007
Ski resortsless than 1 hour
fromRochester
Sailing and fishing aboundon numerous regional lakes
Magnificent Fall Foliage
Four Seasons = Year-RoundActivities
George Eastman HouseInternational
Museum of Photography and Film
Eastman Theatre, home toRochester Philharmonic Orchestra
Strong National Museum of Play – one ofthe top 10 best children’s museums in
the nation
Rich Cultural Arts
Highly-skilled and productive workforceRenowned universities and research centers
Rich base of educational resourcesAffordable and exceptional lifestyle
Rochester Has it All
100 Chestnut Street, Suite 1910, Rochester, NY 14604 / 585-530-6200 / RochesterBiz.com