APPENDIX A. ECONOMIC & MARKET ANALYSIS Economic and Market Analysis July 2015 (with additions made March 2017) Prepared by E.M. Pemrick and Company Moran, ShlStahl & Boyer Table of Contents 1. Introduction ............................................................................................................................ 1 1.1. Location and Regional Setting ............................................................................................. 1 1.2. Methodology and Data Sources .......................................................................................... 2 1.3. Past Planning Efforts ........................................................................................................... 2 2. Demographic Overview ........................................................................................................... 4 2.1. Population Change .............................................................................................................. 4 2.2. Racial Diversity .................................................................................................................... 4 2.3. Median Age ......................................................................................................................... 5 2.4. Median Household Income ................................................................................................. 5 2.5. Housing ............................................................................................................................... 6 3. Economic Analysis ................................................................................................................... 8 3.1. Unemployment ................................................................................................................... 8 3.2. Resident Labor Force .......................................................................................................... 8 3.3. Employment by Industry ..................................................................................................... 9 3.4. Major Employers ............................................................................................................... 11 3.5. Commutation Patterns ...................................................................................................... 12 3.6. Regional Target Industries ................................................................................................ 12 4. Labor and Educational Resources ........................................................................................... 15 4.1. Laborshed Definition ......................................................................................................... 15 4.2. Age Cohorts ....................................................................................................................... 15 4.3. Educational Attainment .................................................................................................... 16 4.4. Occupation ........................................................................................................................ 17 4.5. Labor Costs ........................................................................................................................ 17 4.6. Education and Training ..................................................................................................... 18 4.7. Research and Development Activity at Clarkson .............................................................. 22 4.8. Start‐Up Activity at Clarkson ............................................................................................. 23 5. Canada and Cross‐Border Activity .......................................................................................... 26 5.1. Employment and Unemployment in Ontario ................................................................... 26 5.2. Southeastern Ontario ....................................................................................................... 28 5.3. Border Crossings ............................................................................................................... 32 6. Real Estate Market Analysis ................................................................................................... 35 6.1. Industry Needs and Requirements ................................................................................... 35 6.2. Location and Site Selection Process .................................................................................. 36 6.3. Available Properties in the Region .................................................................................... 39 6.4. START‐UP NY Program ...................................................................................................... 42 6.5. Competitive Analysis ......................................................................................................... 44 7. Manufacturing ....................................................................................................................... 47 7.1. Manufacturing Overview .................................................................................................. 47 Economic and Market Analysis 7.2. Manufacturing Employment ............................................................................................. 47 7.3. Strategic Opportunities ..................................................................................................... 53 7.4. Industry Trends ................................................................................................................. 54 7.5. Manufacturing Potential ................................................................................................... 67 8. Logistics and Import/Export Activity ...................................................................................... 68 8.1. U.S.‐Canadian Trade Through Northern New York ........................................................... 69 8.2. Warehousing/Transportation and Wholesale Employment ............................................. 70 8.3. Logistics and Distribution .................................................................................................. 71 9. Tourism Market Analysis ....................................................................................................... 72 9.1. The Tourism Economy ....................................................................................................... 72 9.2. Tourism Attractions .......................................................................................................... 73 9.3. Tourism Infrastructure ...................................................................................................... 76 9.4. Tourism Development Potential ....................................................................................... 78 9.5. Lacrosse/Sports Complex Market Assessment ................................................................. 79 List of Tables Table 1. Market Area Population ........................................................................................................... 4 Table 2. Racial Diversity ......................................................................................................................... 5 Table 3. Median Age .............................................................................................................................. 5 Table 4. Median Household Income ...................................................................................................... 6 Table 5. Selected Housing Characteristics ............................................................................................. 6 Table 6. Major Employers in St. Lawrence County and Hogansburg ................................................... 11 Table 7. Inflow/Outflow Job Counts .................................................................................................... 12 Table 8. Regional Industry Targets ....................................................................................................... 12 Table 9. Population 18 Years and Over ................................................................................................ 15 Table 10. Median Age and Age Cohort Comparison ............................................................................ 16 Table 11. Educational Attainment, Population Aged 25 and Over ...................................................... 16 Table 12. Employed Population Age 16 and Over, by Occupation ...................................................... 17 Table 13. Median Annual Wages by Occupational Classification ........................................................ 18 Table 14. Colleges and Universities in St. Lawrence County ................................................................ 18 Table 15. Associate’s Degrees Awarded in Selected Fields ................................................................. 19 Table 16. Bachelor’s Degrees Awarded in Selected Fields ................................................................... 20 Table 17. Engineering Degrees Awarded by Clarkson University ........................................................ 20 Table 18. Graduates and Completers by Post‐High School Plans ........................................................ 21 Table 19. R&D Spending at Selected Engineering Schools................................................................... 22 Table 20. Examples