ABC Money
Home

N.Y.: Upstate 'brain gain' lacking


Published :
Tue, 31 Jul 2007 20:49
By : Agencies
Print this Story


AddThis Social Bookmark Button

ALBANY, N.Y. (AP) - Add 'brain gain' to the list of upstate New York's woes.

A report from the Federal Reserve Bank of New York showed upstate leaders worried about the 'brain drain' of college-educated adults should be more concerned about the opposite problem: failure to attract new arrivals.

If upstate New York were its own state, it would have had the nation's lowest 'in-migration' rate from 1995 through 2000. College-educated adults are simply not moving to the region fast enough to counter the natural outflow of people, according to the report from economist Richard Deitz of the Fed's Buffalo branch.

'When you are competing for the educated workforce, these are people who have choices about where they want to live,' said Deitz, the report's author. 'The question is: Are we making a competitive offer to those people?'

The exodus of educated young people has long preoccupied policy makers looking to boost the upstate economy. Even as the report was being released, Gov. Eliot Spitzer was in Syracuse talking about a housing project that would help 'make ourselves a place where our kids want to stay, and our kids' kids want to stay.'

But Deitz found upstate New York's out-migration rate of college-educated people was close to the national median in those five years. The region really lags in attracting college-educated people. Upstate New York is behind not only fast-growing southeastern states like Nevada and Arizona in 'brain gain,' but behind Rust Belt states like Ohio and Michigan.

College graduates tend to be highly mobile, settling where they can find the best job in a place with the nicest weather, schools and other amenities, Deitz notes. He suggested a combination of factors could play into the area's brain gain problems, including jobs that don't pay enough to attract people and the perception that the area is not a desirable place to live.

Upstate New York is dogged by image problems, from jokes about snowy Buffalo to the perception that its old industrial cities are decaying.

The Spitzer administration, which hired special upstate economic development 'czar' Daniel Gundersen, had no immediate comment on the report.

Researchers looked at 2000 Census data and defined upstate New York as the 49 counties left after excluding New York City, Long Island and the Hudson Valley up to Dutchess and Orange counties. While the five-year period under study ended in 2000, Deitz believes the trends were continuing.

Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.




Share on


 You Might Like
Northwest Bio's brain cancer therapy gets authorisation for use in Switzerland
Northwest rejects reports of green light for brain cancer vaccine UPDATE
+
NY Senate challenges Spitzer nominees

Comment on this Article
Comment:
Title:
Name:
Please Enter
 
Here
  

 Search News

 Look For
Business
Credit cards
Finance
Loans
Money
Mortgages

 
 Stock Quotes *
SYMBOL
LAST
CHANGE
DOW JONES
8829.04
+102.43 ( 1.17 %)
NASDAQ
1535.57
+3.47 ( 0.23 %)
FTSE 100
4090.80
-197.21 ( -4.60 %)

SYMBOL ( 2007-09-26 )
LAST
CHANGE
NORTHERN ROCK ( 11:35am )
182.00
+19.04 ( 11.20 %)
SCOTTISH & NEWCASTLE ( 11:35am )
632.50
+7.50 ( 1.20 %)
HANSON ( 12:41pm )
1099.00
+3.00 ( 0.27 %)
AMVESCAP ( 11:35am )
607.50
+2.50 ( 0.41 %)
SLOUGH ESTATES ( 4:35PM )
746.00
+2.50 ( 0.34 %)

SYMBOL ( 2008-11-28 )
LAST
CHANGE
CATERPILLAR INC ( 1:01pm )
40.99
+1.66 ( 4.23 %)
COCA COLA CO ( 1:03pm )
46.87
+1.49 ( 3.30 %)
BOEING CO ( 1:02pm )
42.63
+1.35 ( 3.28 %)
CITIGROUP INC ( 1:00pm )
8.29
+1.24 ( 16.64 %)
PROCTER GAMBLE CO ( 1:00pm )
64.35
+1.19 ( 1.89 %)

SYMBOL ( 2008-11-28 )
LAST
CHANGE
MITSUI & CO LTD ( 1:00pm )
178.42
+22.48 ( 13.90 %)
ARDEN GROUP INC ( 12:57pm )
135.75
+8.79 ( 7.24 %)
K-TRON INTERNATIONAL INC ( 1:00pm )
71.95
+7.71 ( 12.25 %)
GLADSTONE COMML ( 1:00pm )
12.81
+3.59 ( 35.20 %)
GYRODYNE CO AMER ( 12:55pm )
32.59
+3.37 ( 10.47 %)

Gainers & Losers
Dow Jones
Euro Stoxx 50
FTSE 100
FTSE 250
FTSE AIM
FTSE ALL
Nasdaq

 Portfolio Manager

You must log in to access this area of the site. If you are not a registered user click here to sign up for instant access!


 Finance Explained

Money making ideas

Save money

Money management
Savings accounts
Investing money
Share dealing
Stock broker
Forex currency trading
Pension plans
Functions of Money

(c) 2007 ABCmoney.co.uk, All Rights Reserved
*ABCMoney.co.uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.