1/22/2020 - Plattsburgh Ranks High for Economic Strength
Plattsburgh Ranked High for Economic Strength
The North Country Chamber of Commerce is welcoming news from Policom, a Florida based independent economic research firm, ranking Plattsburgh #26 among 542 micropolitan areas nationally for economic strength. The 2020 ranking is up from #40 last year and maintains Plattsburgh's place as the strongest micropolitan area in New York State. The next highest ranking in the state is Oneonta at #75.
"To be ranked 40 out of 542 last year was welcome confirmation that our economic development strategies are working," states Garry Douglas, President of the North Country Chamber of Commerce. "To move up to 25 reflects outside assessment that something special is happening here."
According to Douglas, Policom analyzes economic data on micropolitan areas over a seventeen year period, so the assessment reflects trends and not merely one year blips around major projects. Micropolitan areas are defined as urbanized areas with a population between 10,000 and 50,000.
"This latest ranking by Policom confirms our ability over the last two decades to grow and attract investment, and will certainly be another powerful tool in our marketing efforts as prospects want to be places that are succeeding and able to sustain their progress," notes Douglas. The Chamber attributes the high ranking to "a remarkable working partnership among the economic development entities here, including the Chamber, the Development Corporation, Empire State Development, CITEC and others, as well as the commitment to collaboration by our workforce development partners and our county, city and town leaders."
The Chamber notes the finding is consistent with job growth and low unemployment in the area, a 2019 Business Confidence Index of 96%, sales tax receipts and strong Canadian visitation, among other elements.
Click here for the full press release.
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