CENTERSTATE CEO WORKS TO ADDRESS HOUSING NEEDS

Posted On
March 23, 2023

Image
Spp  Housing Exclusionary Zoning

With Micron Technology’s planned development in Central New York, CenterState CEO is engaged in addressing the project’s anticipated challenges and opportunities. Among them, it is focused on the growing housing demand that will be created by Micron, its suppliers and other projects resulting from continuing economic growth in the region. With the creation of more than 9,000 direct jobs, 9,431 indirect supplier jobs and 32,474 induced jobs over the next 20 years, the need for housing exists at every level.

CEO’s Strategic Planning and Policy team is monitoring data and trends to help identify and advance strategies to address current and impending challenges, such as an often slow permitting processes; years of exclusionary zoning practices and home rule; availability of skilled trades talent; financial unrest to finance housing; supply chain issues; and a pending eviction crisis. CNY Fair Housing recently released a new report on Exclusionary Zoning in Onondaga County that also reveals substantive findings to consider.

For the region to be able to absorb the anticipated demand for housing, a muti-dimensional strategy is needed, including renovation of existing units, re-purposing of older commercial property, the development of town centers championed by Onondaga County Executive Ryan McMahon, and infill development on sites with existing infrastructure in place to support new development. To support Micron and its supplier’s growth, the pace of approvals and new projects must quicken, and sources of financing must be identified. A goal is to deliver new units without driving up the price of existing housing or undermining the region’s quality of life, valuable open space, recreational areas and agricultural land.   

CEO is working with partners at every level on this issue, including Onondaga County (O-CHIP); the City of Syracuse (ReZone Syracuse); and New York State (New York Housing Compact); among others, to help develop strategies and create solutions. It is also in contact with developers who are considering building new units in the area, talking to municipalities about their housing needs, and identifying sites where new housing could be built in the community.

 

Other
CEO News

Image
INSPYRE Innovatoin Hub
CEO News | 04/22/2025

INSPYRE Innovation Hub is the New Name of CenterState CEO’s Expanded Business Incubator

CenterState CEO announced at its 2025 Annual Meeting the new name of its expanded business incubator in downtown Syracuse: CenterState CEO’s INSPYRE Innovation Hub.

Image
CenterState Signal Graphic
CEO News | 10/01/2025

CenterState Signal: Syracuse Job Growth Hits 25-Year High

CenterState Signal is a quarterly column by CenterState CEO's Jared Shepard that takes a closer look at economic trends and their impact on the regional economy.

Image
Onondaga Community College
CEO News | 09/30/2025

Onondaga Community College to be Recognized with 2025 Community Visionary Award

CenterState CEO is proud to announce Onondaga Community College (OCC) as the 2025 recipient of its Community Visionary Award.

Image
Economic Forecast Take the Survey 2026
CEO News | 09/19/2025

Take the 2026 Economic Forecast Survey

Each year, CenterState CEO compiles its Economic Forecast for Central New York based on feedback and strategic insight collected from area business and community leaders. We want to hear your perspectives regarding the current year's…

Image
INSPYRE exterior photo
CEO News | 09/18/2025

INSPYRE Innovation Hub Holds Opening Celebration

Gov. Kathy Hochul marked the official grand opening of the new INSPYRE Innovation Hub by CenterState CEO in downtown Syracuse.

Image
Novelis-Fire-Statement-WEB
CEO News | 09/17/2025

CenterState CEO and GOFCC Issue Joint Statement of Support Following Novelis Fire

CenterState CEO and Greater Oswego-Fulton Chamber of Commerce issue statement following Novelis fire.

Image
M&T Bank sign lighting at INSPYRE
CEO News | 09/09/2025

M&T Bank Named Founding Sponsor of CenterState CEO’s INSPYRE Innovation Hub

M&T Bank is the Founding Sponsor of INSPYRE Innovation Hub, helping to enable the growing startup ecosystem.

Image
FLJ Speaker Graphic Rectangle
CEO News | 09/02/2025

Felicia Legette-Jack Will Serve as the 2025 Economic Champions Celebration Speaker

CenterState CEO will host Felicia Legette-Jack as the keynote speaker for its 2025 Economic Champions Celebration event, Oct. 29, 2025.

Image
SU Chancellor Departure Graphic
CEO News | 08/27/2025

CenterState CEO Shares Statement on Syracuse University Chancellor's Plans to Depart

CenterState CEO acting president and CEO Ben Sio issued the following statement on Syracuse University Chancellor Kent Syverud's plans to depart.