Buffalo


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Buffalo's Economy


      

Buffalo is the second commercial city of the New York State, and the largest and most important upon the great lakes. Buffalo is now the most productive city in North America... but it has always had a great location. Its situation at the foot of navigation upon Lake Erie and at the western terminus of the Erie Canal makes it the principal port for the transhipment of the products of the great grain region of the Upper Mississippi Valley, and gives to it the command of the greater part of the commerce of the lakes. With a diversified economy and a fabulous Lake Erie waterfront Buffalo is one of the country's busiest and most dynamic ports in the middle of North America's largest market.

However, the Buffalo-Niagara Falls metropolitan area is pretty unhealthy when compared to other metropolitan areas, according to a new Business First research report. Compare that with the Buffalo-Niagara Falls area: an unemployment rate of 5.36 percent and employment growth of 0.83 percent. The two factors, when considered together, put the region at No. 173.



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