Steuben County Economic Profile Population Changes. Population Change
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1 Steuben County Economic Profile 2012 Population Changes Population Change Steuben
2 Poverty and Total Personal Income Contribution to Total Personal Income 2009 data from the BEA Net earnings 13.0% Transfer payments Dividends, interest, and rent 24.0% 63.0% The net earnings share of TPI has fallen since TPI in this area is now more relyant upon transfer payemnts.
3 Wages and Income Average Weekly Wages and Employment Steuben County, 2010 Annual (QCEW) $4,500 $4,000 $3,839 8, $3, ,492 $3, ,179 $2,500 $2,000 $1,500 $1,000 $500 $0 Mining $1,089 $1,462 $356 $ Utilities Educational Services Real Estate and Rental and Leasing Information $650 $430 $820 $667 $629 $1,448 $990 1,0451,076 1, Agriculture, Forestry, Fishing Hunting Wholesale Trade Arts, Entertainment, and Recreation Transportation and Warehousing Source: NYS Department of Labor Finance and Insurance Management of Companies and Enterprises Administrative and Waste Services 640 $442 $670 1,243 Other Services 2,387 $277 Construction Accommodation and Food Services $2,051 2,707 Professional and Technical Services 3,998 Retail Trade Health Care and Social Assistance $431 $618 $1,145 Manufacturing $798 Total, All Government
4 Industries & Major Employers STEUBEN MAJOR EMPLOYERS EMPLOYEES Absolut Care at Three Rivers 135 Air Flow Mfg. Co. 80 Alstom 839 ARC of Steuben 400 Bully Hill Vineyards Clark Specialty Corp. 41 Corning Hospital 585 Corning Incorporated 5,000 Crowley Foods, Inc. 219 Dresser-Rand Company 700 Founders Pavilion 185 Gunlocke Co., Inc. 886 Storflex Fixtures 152 Ira Davenport Hospital 318 Kraft Foods (formerly Polly-o) 445 Mercury Aircraft 250 Pathways 615 Philips Lighting Company 400 Sitel 225 St. James Mercy Hospital 840 Stern and Stern Textiles 29 Guthrie Medical Group, P.C. In Steuben 250 Transportation & Transit Associates 37 Wegman's 528 World Kitchen 350 Automated Cells & Equipment 35 Data collected in 5/2011, by Steuben County IDA (SCIDA )
5 Labor Force Total Workforce
6 Economic Clusters The Rochester Institute of Technology Center for Integrated Manufacturing Studies completed a study and analysis of competitive challenges facing Upstate New York manufacturers in late STC assisted with local coordination of the study including identification of businesses to be surveyed. The study used a modified cluster theory approach to a bottom-up analysis involving 4,000 companies in 30 Upstate New York counties. Although the study did not identify unique clusters for the Southern Tier Central or overall Southern Tier region, the results help to identify shared clusters over a larger region and trade area within the global economy. A total of eleven (11) clusters were identified: Optics and Imaging Wood Products Information Hardware and Software Communications and Media Services Transportation Equipment Fashion, Apparel and Textiles Biomedical Remanufacturing Materials Processing Industry Machinery and Systems Food Processing Energy Energy Development (wind/natural gas) Energy based development is a growing economic force in the STC region. Energy storage projects are moving forward in Schuyler County. Nearly 1,000,000 Ft2 of commercial space in Chemung county is occupied by Marcellus drilling related activities. In the recent past, energy based growth in Steuben County has been primarily been focused on wind development, primarily due to the high wind speeds in western Steuben County. These projects include: Cohocton (constructed) 46 towers producing 125 megawatts Prattsburgh (in planning) 34 towers, 78.2 megawatts Howard (under construction) 50 megawatts
7 Housing New Single Family Homes Unit, detached 1 Unit, attached Existing Residential Units in the STC Region 2 Unit 3 or 4 Unit 5 to 9 Unit 10 to 19 Unit 20 to 49 Unit 50 or more Mobile home Boat, RV, van, etc. Steuben
8 Retail Analysis STC Region (Chemung, Steuben, Schuyler) 2010 Demand 2010 Supply Opportunity (Consumer Expenditures) (Retail Sales) Gap/Surplus NYS average sales/sq ft Potential Square Footage Automotive Dealers-4411 $361,253,609 $269,505,211 $91,748, ,828 Furniture Stores-4421 $28,747,100 $17,889,384 $10,857,716 36,192 Radio, Television, Electronics Stores $34,150,175 $28,740,897 $5,409,278 18,031 Building Material and Supply Dealers-4441 $246,022,510 $193,609,277 $52,413, ,711 Other Building Materials Dealers $111,021,419 $64,990,386 $46,031, ,437 Lawn, Garden Equipment, Supplies Stores-4442 $24,342,021 $12,030,350 $12,311,671 41,039 Grocery Stores-4451 $363,192,421 $357,223,820 $5,968,601 19,895 Beer, Wine and Liquor Stores-4453 $25,218,459 $15,454,448 $9,764,011 32,547 Women's Clothing Stores $22,440,029 $8,948,751 $13,491,278 44,971 Family Clothing Stores $50,179,969 $41,156,681 $9,023,288 30,078 Office Supplies, Stationery, Gift Stores-4532 $27,826,416 $18,687,655 $9,138,761 30,463 Non-Store Retailers-454 $186,651,467 $76,612,522 $110,038,945 N/A Full-Service Restaurants-7221 $127,944,812 $91,753,964 $36,190, ,636 Limited-Service Eating Places-7222 $120,802,807 $92,645,079 $28,157,728 93,859 Special Foodservices-7223 $23,686,536 $17,633,216 $6,053,320 20,178 Drinking Places -Alcoholic Beverages-7224 $14,433,074 $9,369,373 $5,063,701 16,879 Clothing and Clothing Accessories Stores-448 $126,731,621 $85,287,271 $41,444, ,148 Furniture and Home Furnishings Stores-442 $54,417,450 $47,102,157 $7,315,293 24,384 Office Supplies, Stationery, Gift Stores-4532 $27,826,416 $18,687,655 $9,138,761 30,463 New retail locations, or expansions in these product-lines, could be very profitable within the STC region. Based on the National average retail sales/ft2, of $300, potential square footage of potential retail space was calculated. Existing structures in this region could accommodate most of this potential retail growth, although additional land is available throughout the counties (if a new building is required).
9 Transportation & Travel Commuting in Steuben County Less than 5 minutes 5 to 9 minutes 10 to 14 minutes 15 to 19 minutes 20 to 24 minutes 25 to 29 minutes 30 to 34 minutes 35 to 39 minutes Commute tim e (in minutes) 40 to 44 minutes 45 to 59 minutes 60 to 89 minutes 90 or more minutes
10 Quality of Life For additional Information, contact: STCRPDB Victoria Ehlen Economic Development Coordinator 8 Denison Parkway East economicdevelopment@stny.rr.com Suite 310 Corning, NY Phone: (607) Fax: (607)
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