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17TH ANNUAL UPSTATE NEW YORK BUSINESS LEADER SURVEY

The Business Leaders Study measures the perceptions that business leaders have of the current and future business conditions for Upstate New York including: business leaders’ confidence, expectations for revenues, profits, labor force and challenges for the year ahead. 

A survey of more than 500 upstate business leaders shows optimism that several sectors of the economy – technology, education, tourism, medical and manufacturing – will prosper in the next three to five years, and a majority describe current business conditions in their local area as staying the same or getting better.

However, CEOs surveyed by the Siena College Research Institute also are wary of current adverse economic conditions, government regulation, rising supplier costs, healthcare costs and taxation. Those sentiments also were among those revealed in the Research Institute’s Business Leader Confidence Index, which recorded the second lowest score since the survey began 17 years ago, topping only the score recorded during the Great Recession of 2008.

The Siena College Research Institute’s Upstate New York Business Leader Survey was conducted in partnership with UHY and the Hudson Valley Economic Development Corp.

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