Chemung County Economic Profile. Population Changes. Chemung

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1 Chemung County Economic Profile Population Changes Chemung County Population Change Chemung

2 Poverty and Total Personal Income Contribution to Total Personal Income 2009 Chemung County data from the BEA Net earnings 14.3% Transfer payments Dividends, interest, and rent 25.4% 60.3% 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, Chemung County Preliminary 2010 Data Govt., Health, & Education FIRE Professional and Admin. Information $ $1,052 Service $312 Manufacturing $994 Retail Trade $448 Construction $938 Ag. & Mining $1,806 Transport & Wholesale $955 Source: NYS Department of Labor $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 Average Employment, Chemung County Preliminary 2010 Data Source: NYS Department of Labor Transport & Wholesale, 2107 Ag. & Mining, 289 Construction, 1419 Govt., Health, & Education, Retail Trade, 5186 FIRE, 1410 Professional and Admin., 2241 Information, 435 Service, 4478 Manufacturing, 5851

4 Industries & Major Employers CHEMUNG COUNTY MAJOR EMPLOYERS EMPLOYEES American Customer Care 250 Anchor Glass Container 375 Arnot Hospital 2,000 CAF USA 100 Cameron Manufacturing and Design 230 Cutler-Hammer 325 CVS Distribution Center 100 Dalrymple Gravel and Contracting DeMet s Candy Company 200 Elmira College 400 Hardinge Inc. 400 Hilliard Corporation 550 F.M. Howell & Company Kennedy Valve (McWane Inc.) 400 Schweizer Aircraft Corporation 1,100 Southern Tier Custom Manufacturing 150 Swift Glass 125 Synthes 350 Thomas and Betts 400 Trayer Products Vulcraft of NY, Inc. 250 Data collected in 5/2011, by Southern Tier Economic Growth (STEG)

5 Labor Force Chemung County Total Workforce ,900 40,400 40,200 40,400 41,000 41,100 42,100 42,900 43,500 42,800 41,000 40,600 39,500 38,500 38,200 38,500 38,700 39,100 39,000 37,200 37,300 1,900 2,000 1,900 2,100 2,900 3,000 2,400 2,300 2,100 2,200 1,800 2,100 2,700 2,700 2,400 2,200 2,000 1,900 2,300 3,700 3, ,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 50,

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 Chemung Existing Residential Units in Chemung County Unit, detached 1 Unit, attached 2 Unit 3 or 4 Unit 5 to 9 Unit 10 to 19 Unit 20 to 49 Unit 50 or more Unit Mobile home Boat, RV, van, etc.

8 Retail Analysis Chemung County 2010 Demand 2010 Supply Opportunity RMP Opportunity Gap (Consumer Expenditures) (Retail Sales) Gap/Surplus Total Retail Sales Incl Eating and Drinking Places 1,147,201,057 1,395,053, ,852,239 Oversupply Chemung County is the retail powerhouse of the STC region. The retail operations throughout Chemung County are a significant draw for shoppers from all over the STC region. The data show, that retailers in Chemung County already sell more than 200 million dollars of merchandise to residents of the surrounding areas. Based on 2010 retail data, it seems that the current mix of retail establishments is well matched to the needs/demands of Chemung County consumers. There are three basic categories of retail operations in Chemung County: 1) retail stores that have un-met consumer demand/ room to grow 2) stores that are already satisfying the existing consumer demand, and 3) stores that are meeting the current needs of Chemung County residents and residents from the Greater STC Region (including Tioga and Bradford counties in Pennsylvania. As the retail needs of locals are primarily being met by the existing retail establishments, most of the future retail growth in Chemung county will be based on the retail needs of the surrounding communities. Based on the National average retail sales/ft2, of $300, potential square footage of potential retail space was calculated. Existing structures in Chemung County may be able to accommodate most of this potential retail growth. Though, additional land is available if a new building is required. The following four (4) retail markets could support growth of existing businesses and/or new retail operations (based solely on the population a and demographics of Chemung county}. There may be additional opportunities for retail growth in Chemung county, when considering the needs of Steuben and Schuyler County residents. Chemung County 2010 Demand 2010 Supply Opportunity (Consumer Expenditures) (Retail Sales) Gap/Surplus NYS average sales/sq ft Potential Square Footage Other Motor Vehicle Dealers ,320,398 7,418,648 5,901,750 19,673 Other Building Materials Dealers ,302,816 35,988,024 10,314,792 34,383 Nursery and Garden Centers ,391,456 1,539,423 6,852,033 22,840 Limited-Service Eating Places ,154,263 46,450,167 4,704,096 15,680 Non-Store Retailers ,928,045 34,676,893 44,251,152 NA

9 Transportation & Travel 2009 Commute Lengths in Chemung County Less than to 9 10 to to to to to to to to to or more

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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