2/5/2019 - Plattsburgh Ranks #1
PLATTSBURGH RANKED TOP MICROPOLITAN AREA IN STATE
FOR ECONOMIC STRENGTH
The Plattsburgh Micropolitan Statistical Area, consisting of Clinton County, has been ranked #1 in New York State for Economic Strength and #40 among 551 areas nationally, placing in the top 8% among micropolitan areas across the country. The rankings were established by POLICOM Corp., an independent economics research firm specializing in analyzing the dynamics of local and state economies.
"The Development Corporation is thrilled that Plattsburgh was recognized by POLICOM as being in the top 40 micropolitan areas in the nation for its economic strength, and for being the number one micropolitan area in New York State," says Paul Grasso, President and CEO of the Development Corp. "We accomplished this as a community; it is not something any one organization could have achieved individually. It's rewarding what can be accomplished by working together, because what we learn from each other by working collaboratively helps us to grow and advance as a region. This recognition represents exactly the message we want to send to potential businesses and potential residents, that Plattsburgh has a dedicated team of organizations working together toward a common goal, to make Plattsburgh a better place to live, to do business and to raise a family."
"The Plattsburgh region continues to attract national and international attention for its economic success and sustained, creative strategies," notes Garry Douglas, President of the North Country Chamber of Commerce. "By successfully establishing our area as an economic partner with Montreal and, through Montreal, the world, we continue to be a North American leader in foreign direct investment and in the creation of the continent's most dynamic new cluster of aerospace and transportation equipment companies. This ranking follows the expression of a 96% Business Confidence Index by the regional business community recently and is further confirmation that we, the Development Corporation and our partners are doing the right things. And in terms of marketing, this sort of ranking can only add to our story and attract even more attention. Onward and upward!"
The POLICOM Economic Strength Rankings look at sets of data for each micropolitan statistical area in the country related to growth in the size and quality of the industrial sector; growth in small business, construction and retail activity; and negative economic factors such as growth or contraction in the use of public assistance programs. A formula then weights the findings of the last five years, the last ten years and the previous 6-10 years. The rankings are entirely based on federal tracking data and a set formula.
“The #1 Micropolitan Area ranking in New York State for the Plattsburgh Micropolitan Statistical Area as well as a national ranking in the top 8% is a testament to the attentiveness, hard work and cooperation demonstrated by the North Country Chamber of Commerce, The Development Corporation and local municipalities," states Harry McManus, Chair of the Clinton County Legislature. "This recognition highlights the virtues of conducting business in Clinton County and will hopefully bring even more attention to the positive economic climate that has been created here. Everyone in the North Country benefits from this terrific news, and hopefully it provides a springboard to even greater successes.”
"The Plattsburgh Micropolitan Statistical Area regularly receives recognition as one of the best regions for business location. It's uniquely positioned near one of the world's aeronautical metropolises, and combines proximity with myriad quality of life amenities, a rich transportation industry cluster, some of the least expensive electricity in the world, and a business-friendly climate", noted Plattsburgh Mayor Colin Read. He added, "Any company looking for an advanced manufacturing opportunity should take a look at Plattsburgh and more will because of this sort of recognition."
“The Town of Plattsburgh is proud to contribute to the positive trajectory of our region, optimizing historic investments and building on decades of strategic planning. We are thankful to have partnerships with the North Country Chamber of Commerce, The Development Corp and Clinton County who are committed to shared vision," states Michael Cashman, Plattsburgh Town Supervisor. "We remain focused on infrastructure as well as developing a region that is a great place to live, work and play. This designation confirms our transformation thus far and the promise our advancement tomorrow.”
For further information on the rankings and criteria visit: www.policom.com/rankings-micropolitan-areas/