Brace for a high-tech future, community leaders hear at GCEDC meeting
The day is coming, according to Mark Peterson, president and CEO of Greater Rochester Enterprise, when the I-90 corridor from Buffalo to Albany will rival any high-tech corridor in the world.
Peterson made his bold prediction at the Genesee County Economic Development Center's annual luncheon at Genesee Community College.
More than 100 people attended the 90-minute event that featured presentations by GCEDC executives and elected officials -- both predicting a bright future for economic development in Genesee County and complaining about New York's hostile environment to business.
Peterson said high tech will be drawn to Western New York through the cooperative efforts of the industrial development agencies in Genesee, Orleans, Niagara and Monroe counties.
GCEDC CEO Steve Hyde (pictured above) echoed Peterson in his closing remarks.
"We will help bring back manufacturing to Western New York and we will do it with high tech, green tech and advanced manufacturing," Hyde said.
With five shovel-ready projects, Genesee County is poised to employee 3,000 more people, Hyde said.
"That's more than double the existing manufacturing work force in Genesee County," Hyde said.
He added that once the Alabama STAMP project is completed and completely built out, Genesee County will employ 9,300 more people.
"But it's not just about jobs," Hyde said. "It's about building a tax base."
Hyde said that process is already benefiting Genesee County.
"We have 114 active projects," Hyde said. "That's up 65 percent from 2005. Those projects collectively pay out $4.5 million annually into the tax jurisdictions of Genesee County, towns, schools and the city."