A survey of more than 500 CEOs across upstate New York reveals a cautious but improving outlook for the state’s economic future. Business leaders express increased confidence in economic conditions over the next three to five years, with technology, manufacturing, tourism, education, and medical sectors expected to drive growth. However, concerns about taxation, regulatory burdens, workforce availability, and inflationary pressures continue to weigh on decision-making.
The survey, conducted by the Siena College Research Institute (SCRI) in partnership with UHY and the Hudson Valley Economic Development Corp., interviewed CEOs in industries such as service, manufacturing, nonprofit, engineering and construction, retail, food and beverage, wholesale/distribution, financial services, healthcare, technology, and tourism.
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