Employment growth in 1999 for the Buffalo metropolitan area was the strongest in a decade. Buffalo's job growth rate of 1.6 percent was still less than that of the U.S., upstate, and New York State as a whole. In a second section on the cost of rail shipping in Western New York, we present data...

In New York State, where economic growth has been sluggish for much of the last decade, the rural economy has done relatively well. The population and labor force in rural areas are expanding, and the number of jobs growing. We take a look at this robust rural economy, examining population and...

The Buffalo Branch of the Federal Reserve Bank of New York and the Center for Governmental Research (CGR) surveyed small businesses in western and central New York State. The object of the survey was to identify what small business owners perceive to be the chief barriers to the growth of their...

This article seeks to explain why industry clusters are receiving so much attention. It discusses how and why clusters form, what makes them successful, and why they are believed to contribute to regional economic growth. The article also examines what the evidence on industry clusters suggests...

We consider why broad-based economies have some advantages over their more specialized counterparts. We show that diversity can be a spur to productivity and innovation, and that firms in a region with many types of businesses will enjoy easy access to the resources and services needed for...

The May 1 conferences titled "The untapped urban market: attracting business to the inner city," and presented by the Buffalo Branch of the Federal Reserve Bank of New York in partnership with the University at Buffalo Department of Planning, discussed the economic challenges faced by inner-city...

Remarks at the University at Albany, Albany, New York.

Remarks at the Center for Economic Development, Syracuse, New York.

Remarks at the Long Island Association, Melville, New York.

Remarks at the Buffalo-Niagara Partnership, Buffalo, New York .