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Rochester Top 100: Rochester’s outlook

How do you personally feel about the prospects for the Rochester-area economy over the next three years?

The local economy depends on how the area talent gets tech-savvy; most of the projects and companies (are) more and more technology driven, so the demand for technology will continue to grow.
—Sameer Penakalapati, Avani Technology Solutions Inc.

The prospects for the Rochester-area economy over the next few years are very positive due to the investment in research and technology.
—Edward Leva, Wellington Steele & Associates Inc.

The influx of construction-related opportunities has been steady.
—David Vasciannie, Steve General Contractor Inc.

The Greater Rochester area has a lot of exciting things going on right now. I look for the buzz to continue and the momentum to accelerate!
—Randy Henderson, Henderson Ford

Polarization of wealth and class divide is more evident in our city than most metros. As a business owner in multiple industries including real estate development, this worries me greatly. Livable wages are needed for people to be able to contribute to society and be functional members of it. For that to happen, we need reduction in taxes both real and ancillary and leaders to be held accountable.
—Christian Curts, Christian Flooring

As startups begin to flourish and the business community gains confidence, Rochester is learning to live without its traditionally largest employers. We are seeing evidence of this impact through our clients, and it’s very encouraging. We believe the Upstate New York economy is in an upward cycle.
—Thomas Bonadio, The Bonadio Group

Much of what we do is tied to the health care sector. The Affordable Care Act will continue to exert influence on the economy.
—David Gardner, Gardner PLUS Architects PLLC

We are confident in the local economy’s outlook and feel like our company will benefit from the positive sentiment, revitalization of the downtown area and the investment from private industry.
—Leo Linder, Emerge

Everyone is excited about the recent photonics win and for very good reason. There is tremendous technical talent in the Rochester area and that makes the area’s prospects exciting for all of us.
—Donna Shultz, Mirror Show Management

I think Rochester’s leadership needs to coordinate efforts better and work more collaboratively. The Photonics (Institute) coming here sounds like a great opportunity, but will we, as a community, maximize its impact and use it to help develop more industry in the area? We hope so.
—Stephen Carl, Operation Brain Freeze LLC

The rise of smaller tech firms has created a great environment for skill development and competition for both employers and employees.
—Douglas Golub, MediSked LLC

The Photonics (Institute) and other successful startups will drive growth.
—James Spitz Jr., Harris Beach PLLC

We will maintain, but no real catalyst for growth.
—Michael Nuccitelli, Parlec Inc.

I believe that the area has a fair amount of potential for economic growth over the next three years. There are still some regulatory restraints that make it a challenge to do business in New York State, like workers’ compensation costs, that hold this economy back.
—Kenneth Johnson, Leonard’s Express Inc.

It is entrepreneurial activity that will be a key growth driver in the local economy, and that activity appears to be increasing.
—Ken Rosenfeld, eHealth Technologies

Young people (who) are leaving New York State for lower taxes and jobs are the key to (a) great town, great state. … (It’s) too expensive to live here! (Property taxes and state/county/town regulations!)
—Richard Dorschel, The Dorschel Automotive Group

How do you personally feel about the prospects for the Rochester-area economy over the next three years?
Very optimistic: 35%
Somewhat optimistic: 48%
Neutral: 12%
Somewhat pessimistic: 6%
Very pessimistic: 0%

10/30/15 (c) 2015 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email rbj@rbj.net.

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