THE CAN/AM CONNECTION:
AN ASSESSMENT OF THE ECONOMIC IMPACT OF CANADA ON THE
PLATTSBURGH-CHAMPLAIN REGION OF NEW YORK STATE
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THE CAN/AM CONNECTION: |
EXECUTIVE SUMMARY OF THE RESULTS OF THE 1998 STUDY
Summary Overview | Summary Highlights | Full Report
| EMPLOYMENT | |
| Number of Employees of Canadian-owned Businesses, International Border Businesses& Border Agencies in Clinton County | |
| EMPLOYMENT: | PERCENT OF COUNTY TOTAL: |
| 1994: 2,483 | 7.5% |
| 1996: 2,927 | 9.2% |
| 1998: 3,588 | 11.6% |
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Payroll of Canadian-owned Businesses, International order Businesses & Border Agencies in Clinton County, Plus Their Use of Clinton County Based Temporary Employment Services: |
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| 1994: | $59,745,965 |
| 1996: | $77,489,913 |
| 1998: | $99,691,377 |
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MACHINERY AND EQUIPMENT |
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Total value of machinery and equipment purchased by Canadian owned businesses in Clinton County: |
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| 1994: $5,504,150 | 1996: $15,757,026 | 1998: $11,284,239 |
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EXPORT SALES
FROM CLINTON COUNTY AREA |
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| YEAR | EXPORT SALES |
| 1998 | $ 526,144,744 |
| 1996 | $ 488,588,203 |
| 1994 | $ 187,724,000 |
| 1992 | $ 128,240,000 |
| 1987 | $ 71,877,000 |
| % Change 1987-1998 | 732% |
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ENERGY |
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Value of Canadian Natural Gas used in Clinton County: |
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| 1994: $31,425,499 | 1996: $57,290,469 | 1998: $64,396,166 |
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BANKING SECTOR IN CLINTON COUNTY |
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| Client Type |
Average Collected Balances |
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| 1994 | 1996 | 1998 | |
| Canadian Individuals | $ 185,611,450 | $ 98,290,775 | $ 30,104,533 |
| Canadian-owned Businesses in Clinton County | $ 8,427,473 | $ 13,836,130 | $ 9,198,017 |
| Canadian-owned Businesses not in Clinton County | $ 19,000,000 | $ 9,100,000 | $ 951,494 |
| International Border Businesses | $ 3,593,267 | $ 2,603,781 | $ 3,130,714 |
| Public Boarder-related Agencies | $ 13,099 | $ 45,198 | $ 30,000 |
| Total | $ 216,645,289 | $ 123,875,884 | $ 43,414,759 |
| Note: One bank was unable to report for 1998. | |||
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ACCOUNTING , LEGAL AND INSURANCE SERVICES |
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Value of Business conducted in Clinton County with Canadians, Canadian-owned Business, International Border Business and Border Agencies (Total reported): |
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| 1994: $3,284,485 | 1996: $3,423,993 | 1998: $13,926,384 |
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MEDIA, EDUCATION AND CULTURE |
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Value of Canadian connected advertising and sponsorships received by television, radio and magazine media in Clinton County, plus tuition and non-tax receipts by public and private schools, charitable contributions. |
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| 1994: $4,549,645 | 1996: $4,576,251 | 1998: $2,958,348 |
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REAL ESTATE |
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Equalized assessed value and property tax contributions of Canadian-owned, International Border Businesses and Border Agency Commercial Property in Clinton County: |
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| 1994 | 1996 | 1998 |
| VALUE: $ 50,209,640 | VALUE: $ 243,862,321 | VALUE: $ 275,736,334 |
| TAXES: $ 507,707 | TAXES: $ 3,258,289 | TAXES: $ 2,516,554 |
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Equalized assessed value and property tax contributions of Canadian-owned residential property in Clinton County: |
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| 1994 | 1996 | 1998 |
| VALUE: $ 20,191,457 | VALUE: $ 22,163,530 | VALUE: $ 20,226,509 |
| TAXES: $ 527, 285 | TAXES: $ 530,737 | TAXES: $ 494,627 |
| Rental of Commercial Space by Canadians in Clinton County (Total Reported): | ||
| 1994: $ 1,077,670 | 1996: $ 2,437,924 | 1998: $ 3,342,648 |
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CANADIAN VISITOR SPENDING - TOURISM AND RETAIL |
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| 1995: $ 193,934,533 | 1996: $ 224,694,634 | 1998: $ 253,992,701 |
| County Sales Tax Generated (3%) | ||
| 1995: $ 5,809,757 | 1996: $ 6,740,839 | 1998: $ 7,619,781 |
| Average spending by Canadian Visitors per trip in Clinton County | ||
| 1995: $ 156.42 | 1996: $ 168.89 | 1998: $ 266.78 |
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CANADIAN CONNECTION IMPACT ON CLINTON COUNTY |
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| TOTAL VALUE: | |
| 1994 | $ 784,527,183 |
| 1996 | $ 1,278,490,725 |
| 1998 | $ 1,329,737,973 |