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As Kodak Fades, Rochester Develops Other Businesses
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Unemployment at 7.3% was lower in Rochester, New York, in October 2011, than the 9% in the U.S. Entrepeneurial activity has taken the place of jobs with large corporations, as Kodak has seen job declines that are severe- from about 55,000 in 1980 to less than 10,000 today. Xerox and Baush & Lomb also have downsized, and are down to half of the employees they had in the 1980's. Former Kodak engineers now work for smaller companies doing pioneering work in medical and other fields. The result is smaller incomes- average income in Rochester was $47,333 compared to $66,327 in New York state and $55,739 in the U.S., according to the Center for Governmental Research.
Rochester, New York, and the adjustment from working for large corporations to working for small business
12/24/2011
The transformation of Rochester from a corporate town with employers Xerox, Kodak and Bausch and Lomb, to a town with small business employers, as the large corporations have drastically downsized. Unemployment is still lower than the national average but incomes lag far behind the average for New York and also lag behind the national average. Unemployment is higher in the inner city and some parts of neighborhoods face urban blight. Startups are providing new employment for former Kodak engineers who live in the suburbs of Pittsfield and Brighton.
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