My latest piece for Empire State Future is about the astonishing over-retailing of Upstate New York. Despite flat or even negative population growth in Upstate’s regions, new retail is coming on line at a steady clip. Most of this new retail is chain/franchise and big box stores. For example: despite having no more doughnut eaters in Greater Rochester, the Canadian doughnut chain Tim Horton’s has opened 33 outlets.
It is this kind of over-development that is causing trouble for Upstate’s regions and communities, but is still seen by local government officials as positive economic development that creates jobs and tax revenue. The truth is that the big box and chain stores simply draw market share from others in the region, which results in vacant property and lost jobs. Empire State Future is working hard to show communities that this kind of development is a zero-sum game at best.
Read “Retail overabundance blights, strains New York’s regions at www.empirestatefuture.org