BROOKINGS REPORTS SYRACUSE MSA RANKING INCREASES
Posted on March 23, 2023
According to a new report from the Brookings Metro Monitor, the Syracuse MSA's overall ranking of inclusive economic growth performance among 192 similar-sized U.S. metro areas increased from 157 pre-pandemic (2011-2019) to 65 for the period 2019-2021. This is a noticeable, positive trend that placed the Syracuse region as one of 45 “Emergent” metro areas, regions that lagged on inclusive growth in the pre-pandemic period but then emerged as relatively stronger performers during COVID-19. Notably, the Syracuse MSA has shown improvement in various areas, including being the leading city among those with a population between 500,000 and 1 million in reducing the employment rate gap between white individuals and people of color (-8.8%). Additionally, it has ranked third for reducing the median earnings gap between white individuals and people of color by $5,613 and third for increasing productivity by 8.3%. Furthermore, it ranked 10th for increasing average annual wages by 8.1%.
Even with the Syracuse MSA's impressive strides in inclusive economic growth, CenterState CEO remains committed to monitoring economic trends and conditions through partnerships like Brookings. Ongoing monitoring and analysis will help sustain and expand progress, while enabling the Syracuse MSA to adapt to changing economic conditions and seize new opportunities for growth and development.
CEO News | 02/15/2024
A Reflection on the Past Year, from Syracuse Surge Accelerator Program Manager, Emad Rahim
It is hard to believe it has been a full year since we launched the Syracuse Surge Accelerator. In reflecting on this inaugural year, I am incredibly proud of what we have created through this program, and excited to witness its continued…
CEO News | 02/08/2024
Empire State Development Announces Application Window for GENIUS NY Round 8 Now Open
Empire State Development (ESD) announced that GENIUS NY – the world’s largest business accelerator focused on uncrewed aerial systems – is now accepting applications for the eighth round of the year-long program.
CEO News | 01/12/2024
10th Annual Mark J. Palumbo Memorial Clothing Drive, honoring Nancy Premo
CenterState CEO is hosting the 10th annual Mark J. Palumbo Memorial Clothing Drive in honor of Nancy Premo. Bring gently used items, such as winter coats, hats, sweatshirts, gloves, scarfs, sweaters and warm socks to CenterState CEO's…