A new economic impact study commissioned by Greater Rochester Enterprise Inc. shows that the economic development organization has helped create 14,200 direct, indirect and induced jobs since its 2002 inception.
The study notes GRE has had an economic footprint of $2.4 billion in direct and indirect capital investments from 14 GRE-led projects. Since 2006, Barilla America Inc., Alpina Foods Inc., FedEx Freight, LiDestri Food and Drink and nine other firms have spent $629.25 million in new capital investments throughout the Greater Rochester region.
The projects resulted in the direct creation of more than 3,700 jobs, which include line workers, engineers, mechanics, technicians, and customer service and sales positions.
“GRE owes its past, present and future successes to the quality of the Greater Rochester, New York workforce,” said Mark Peterson, GRE president and CEO, in a statement. “We are attracting bigger projects and the GRE-led pipeline is improving due to the caliber of talent in the region. These successes are proof positive that we are making tremendous progress in our mission to affect economic growth.”
GRE’s analysis shows the 3,700 direct jobs were responsible for supporting an additional 4,800 jobs from labor required for related construction, as well as more than 5,700 jobs in services supported by new income flowing through the region.
The local industries most heavily affected include business support services, construction, food and beverage processing, advanced manufacturing, information technology, trucking, wholesale trade, hospitals and restaurants.
“GRE has made incredible progress in promoting our region’s assets and growing the local economy over the past 15 years,” said Anne Kress, Monroe Community College president and GRE chairman. “As an investor and GRE board chair, I am excited that we continue to buck the trend, encouraging outstanding growth throughout our region’s key sectors.”
GRE defines the Greater Rochester region as Genesee, Livingston, Monroe, Ontario, Orleans, Seneca, Wayne, Wyoming and Yates counties.
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