Growing Greater

ROC2025 is a coordinated capacity-building initiative to drive Greater Rochester’s growth by dedicating more resources, enhancing the reach and impact of current efforts, and positioning our region to compete more effectively for jobs, investment, and talent.

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WE'RE ON A MISSION

TO ACCELERATE ECONOMIC GROWTH IN GREATER ROCHESTER

To create new jobs, increase regional wealth, raise regional GDP and enhance opportunity. To invest in a world-class economic development ecosystem where incumbent businesses are thriving, new firms are locating, and the world’s best talent is choosing to live.

Greater Rochester’s economic development engine is accelerating, fueled by collaboration, strategic alignment, and a comprehensive investment strategy to outcompete peer regions. Key to that acceleration are the partners in business, philanthropy, and government that have stepped up to support ROC2025’s mission. More than $25M has been pledged to advance ROC2025’s capacity-building plan since 2019.

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PARTNER ORGANIZATIONS
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MOMENTUM IN ACTION

IMPROVING REGIONAL PERFORMANCE

ROC2025 tracks regional economic performance in comparison to a peer metro benchmark group of 52 MSAs nationally. In our first five years, Greater Rochester’s peer-metro rank has improved across a host of key measures, including:

  • Annual job growth
  • Gross regional product
  • Unemployment rate
  • Real per capita income
  • Labor force growth rate
 
The coordinated investments we’re making today serve as the foundation for a brighter future in Greater Rochester.

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REGIONAL REVITALIZATION

CO-INVESTING IN COMMUNITY WEALTH BUILDING

ROC2025 serves as Rochester coordinator for the Regional Revitalization Partnership (RRP), a $300M comprehensive economic development strategy and public-private partnership that maximizes impact and leverages additional investment for Buffalo’s East Side, Niagara Falls, and Rochester. RRP was developed in collaboration with New York State Governor Kathy Hochul and Empire State Development and is supported by ESL, Evans Bank, the Farash Foundation, Five Star Bank, KeyBank/First Niagara Foundation, William & Sheila Konar Foundation, M&T Bank, the Ralph C. Wilson, Jr. Foundation, and partners in the cities of Buffalo, Niagara Falls, and Rochester. Program implementation is led by the Center for Regional Strategies.

Funders are currently finalizing awards from applications submitted in Phase One. The application window remains open. Interested applicants are encouraged to 1) review the call for applications, and 2) submit using the online portal at this link.

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REGIONAL TECH HUB

CONVENING THE NY SMART I-CORRIDOR

In October 2023, President Biden and Senate Majority Leader Schumer announced that the NY SMART I-Corridor, spanning the metros of Buffalo, Rochester, and Syracuse, was designated as a federal Tech Hub by the U.S. Economic Development Administration. The regional consortium beat out hundreds of applications in securing one of only 31 official designations nationwide.

Authorized under the CHIPS and Science Act, the Tech Hub Program enables designated hubs to compete for Phase 2 awards of potentially hundreds of millions of dollars to accelerate business attraction, workforce development, innovation and supply chain activities in the semiconductor and related smart systems industry.

Senator Schumer’s announcement: Link

ROC2025 Press Release: Link

More on Tech Hubs: Link