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GCEDC 'encouraged' by latest employment figures

Here's a news release sent today from the Genesee County Economic Development Center:

The employment scene in Genesee County for year 2010, despite the Great Recession being in full swing, had positive results with regards to employment and job creation and retention across the county.

According to the latest figures just released from the New York State Department of Labor, Genesee County showed a net increase of 300 private sector jobs in 2010. The growth rate of private sector job creation within the county reflected a 1.8-percent increase for the year.

This type of growth is encouraging as most communities across the state and country have been shedding jobs or are fighting to maintain the status quo during 2010.

“Genesee County continues to succeed and grow even during difficult economic times," said Steve Hyde, president of the Genesee County Economic Development Center.  "This growth has been enabled by our private sector companies being resilient and successful during these tough economic times."

The GCEDC board of directors drove a focus on growth and ensuring we are a “business-friendly” community by way of our economic development strategic plan written in 2003.

Since 2005, GCEDC has participated in 177 economic development projects with area companies. This has fostered capital investment commitments which exceed $430 million and job creation commitments of nearly 1,400 jobs.

“It is encouraging to see that public/private partnerships like the GCEDC has with our business community is contributing to their sustainability and growth, especially in uncertain economic times like we have today," Hyde said. "I’m hopeful for continued growth and success in our local and regional economies in 2011."

Chris Charvella
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"Since 2005, GCEDC has participated in 177 economic development projects with area companies. This has fostered capital investment commitments which exceed $430 million and job creation commitments of nearly 1,400 jobs." Are the numbers here actual capital investments and actual jobs created, or am I correct in assuming that the investments and jobs are of a more...theoretical nature?
Daniel Jones
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Too funny. CYA anyone?
Chris Charvella
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Yup, cue the self-serving press release. Nothing to see here folks, we're doing great.
dennis wight
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Love the timing of this "news release", sounds like a CYA play. Now i really do have a warm and fuzzy feeling...
Bea McManis
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Billie, Did you have a hard time posting this with a straight face?
Kevin Squire
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That's all I needed to hear....call off the dogs...we are doing fine.....no need to bring this subject up again!!
John Ognibene
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Ok 177 new jobs created does not sound so bad... but how many jobs were lost in 2010, and how many people are still on uneployment is what they should be telling us.
Dave Meyer
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Talk about your brass cahones!! Reminds me of the Star Wars scene -- "These aren't the droids you're looking for"
Mark Potwora
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This has fostered capital investment commitments which exceed $430 million and job creation commitments of nearly 1,400 jobs.....Did they create 1400 job or just say they might create..If they don't create these 1400 jobs do they give all the tax break money back..
Chris Charvella
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"If they don't create these 1400 jobs do they give all the tax break money back.." There's a term for that Mark: Clawback Provision Our GCEDC is allergic to clawback provisions. So when a company like, say, Pioneer Credit skips town without creating the jobs they promised, our money leaves with them.
Dave Olsen
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Shell game
Bob Harker
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Even if we assume that the 300 job net increase is true, AND we assume that each one can be attributed to the agency, when looking at the 2010 GCEDC budget, that works out to a cost of $4217.73/job created. This figure does not even take into account the lost tax revenue attached to GCEDC involvement, Hardly efficient. Hardly a good investment.
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