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The Buffalo Branch of the Federal Reserve Bank of New York released a study recently that shows that upstate New York’s population loss is not any higher than any other region in the country. However, the study showed an unusually low rate of educated workers moving in.
Branch Chief Economist Richard Deitz explores this topic in the latest issue of Upstate New York At-a-Glance, “A Brain Drain or an Insufficient Brain Gain?”
Richard Tobe, Commissioner of the Department of Economic Development, Permit and Inspection Services, had a different take on the study after speaking with Deitz personally. Tobe is working hard to bring in and keep new business, and he feels that Deitz's exclusion of 21 to 30-year-olds in the survey seriously skews the results.
"We bring a lot of college students into this community, and we're trying to make it 'sticky' for them," Tobe said. "That's where our future lies."