Tech Valley News
Tech Valley Cities Score Well in Forbes Ranking
Boosted by low crimes rates, great colleges, a well-educated population, cultural and leisure outlets and income growth potential, Tech Valley cities scored well in the latest Forbes ranking of the Best Places for Business.
Albany-Schenectady-Troy ranked 18th overall, second in the northeast and tops in New York State. Last year, the region came in at #34. Poughkeepsie-Middletown-Newburgh followed at #19. Among small metros, Kingston placed 41st and Glens Falls ranked 85th.
"This is wonderful news...I think we're all very well-positioned for growth," Ward Todd, president of the Chamber of Commerce of Ulster County told the Poughkeepsie Journal.
"By having a ranking like this, it may encourage businesses to locate here. They create jobs and they may be higher-paying jobs," Charles North, president of the Poughkeepsie Area Chamber of Commerce told the Poughkeepsie Journal.
The rankings were based on cost of doing business, job growth and educational attainment of the population. Other factors were also included such as crime and cost of living.
Albany-Schenectady-Troy ranked in the top 50 for quality and quantity of four-year colleges (#18), crime rate (#29), income growth (#35), and educational attainment (#42).
Poughkeepsie-Middletown-Newburgh had the third lowest crime rate among large cities and also placed well in cultural and leisure opportunities (#44) and quality and quantity of four-year colleges (#45).
Among small metros, Kingston ranked well in cultural and leisure opportunities (#5), crime rate (#13), quality and quantity of four-year colleges (#25), educational attainment (#37) and income growth (#40).
Glens Falls had the fifth lowest crime rate among small metros and also placed well in income growth (#35) and net migration (#46).