Press release:
The City of Batavia recently ranked as the 14th best city to start a business in New York State, according to NerdWallet, a finance Web site which provides information and comparison tools to consumers preparing to make financial decisions.
The analysis was conducted in connection to a dramatic increase in revenue by New York-based businesses, as reported by the U.S. Census Bureau. It evaluated many factors, including total population, number of businesses with paid employees and unemployment rates. NerdWallet analyzed 83 cities throughout New York State.
“Batavia’s high ranking as one of the best communities in New York to start a business is reflective of tremendous growth of entrepreneurship and economic development in our region,” said Steve Hyde, president and CEO of Genesee County Economic Development Center (GCEDC). “There are a wide range of small business resources made available to entrepreneurs by GCEDC and our partners at the Batavia Development Corporation, the City of Batavia and the Batavia Business Improvement District (BID).”
According to NerdWallet, Batavia’s strengths include an above-average economy, a significant number of existing businesses and a relatively low cost of living.
The ranking included criteria gathered for a total of 83 communities in New York State, each with a population of at least 10,000. The analysis calculated the overall score for each location based on each city’s business climate and economic health using data from the U.S. Census Bureau.
Additionally, results from the analysis indicate that college towns are “good for business,” noting that most of the top-ranking cities are home to at least one college or university, many of which are campuses of the SUNY system.
“Batavia and Genesee County are fortunate to be located geographically between (the) two major metropolitan regions of Buffalo and Rochester, both of which have a number of prestigious centers of higher education,” Hyde said. “This exposes our residents to many educational and employment opportunities that often are the result of the education and training provided through Genesee Community College.”
Earlier this year, Batavia/Genesee County was also ranked by Site Selection Magazine as one of the top micropolitans in the United States. The ranking recognized the GCEDC for achieving $58.07 million in new capital investments for Genesee County and the creation of more than 140 new jobs in 2014.
