How would you describe the state of the Rochester-area economy today?
2% Very strong
38% Somewhat strong
52% Somewhat weak
8% Very weak
How do you personally feel about the prospects for the Rochester-area economy over the next 12 months?
7% Very optimistic
41% Somewhat optimistic
21% Somewhat pessimistic
5% Very pessimistic
It is difficult to be optimistic when taxes are stifling any opportunity for progress. Except if you are the rudderless local government, in which case you would spend your time and the taxpayers’ money searching for yet another boondoggle project. Do High Falls and the fast ferry ring any bells. How about a state-of-the-art bus terminal? Give it a fancy name and surely that will attract tourists. Pure genius. Since RG&E is looking to sell anyway, why not eminent domain the High Falls property, generate municipal electricity, create a revenue stream for the city and inexpensive utilities to attract business?
While Rochester’s manufacturing sector has certainly taken a big hit, it’s perplexing to me that this area’s economy is so sluggish, since we have such high education levels and pools of real innovation here. Each time I travel, I also realize how easy and livable Rochester is compared to other cities. We have so much going for us. So what are the real reasons we’re not doing better?
-Sally Dixon, Concepts and Copy
I am disappointed that I need to indicate that Rochester is only “somewhat strong” and I’m “somewhat optimistic,” considering the state of the rest of the nation’s economy.
-Lee Drake, OS-Cubed Inc.
Taxes continue to have the biggest dampening effect on the economic strength of the area and the state.
-Robert Zinnecker, Penfield
07/27/07 (C) Rochester Business Journal