Global Investments have been selling in Up state NY for almost 3 years now, the city is starting to compete with Detroit on the list of hot spots for overseas investors. CEO Mike Moody was asked why he thinks the pendulum is swinging towards the small upstate NY city, he was quoted in saying.
“ Well, for starters, Rochester has been a busy little bee attracting More than $115 Million in New Capital Investments from the likes of several great stable companies such as, General Motors, General Electric, Natcore Technology, and Alpina Foods just to name a few, those who have recently announced expansion projects in the Greater Rochester, NY Region. “Why is this” your asking??? Well, let me give you some insight. Maybe it’s because of the region’s proximity to major markets without major market expenses. Perhaps it’s because of the talented and highly skilled workforce in the area. Or it could be the number of innovations and patents generated by the workforce.
Forbes, Kiplinger, Bloomberg Businessweek, and Brookings Institution all have taken notice of Rochester, NY and given the area a good stable economic recovery, making it a really good spot for our overseas investors to generate great income from the properties they are buying.”
With a work force that produces more patents and the 2nd most renewable energy patents in the world. Rochester is in the top 5 in patents per capita (Forbes). Did you know we have one of the fastest commutes in the nation? Twenty minutes in every direction, twenty five percent shorter then the rest of the country. If you have ever sat in traffic in NYC, LA, Atlanta, or Chicago, to name just a few, twenty minutes is a dream commute. Also with the Rochester International Airport you can be in NYC, Chicago, Pittsburgh, Cleveland within two hours or less. Rochester housing is more affordable by thirty two percent compared to the national average. Oh yeah, if you didn’t know, Forbes said Rochester is the Number one place to buy a home and they also said Rochester is the Seventh fastest recovering city in the country. Bloomberg and Business Week says Rochester has the 15th strongest job market in the country. Bookings says Rochester is in the top 20 for the strongest performing metro areas economic recovery. Wow!
The private sector in Rochester and the 5 county region surrounding it is adding jobs faster than anytime over the last twenty years according to the state labor department, from construction, health care and education.
After all that being said, if you didn’t know, Rochester is the 10th smartest city according to the numbers being crunched at the Daily Beast behind:
1 Boston
2 Hartford- New Haven
3 San Fran – Oakland – San Jose
4 Raleigh – Durham
5 Denver
6 Seattle – Tacoma
7 Austin
8 Minneapolis – St. Paul
9 Washington DC
10. Rochester NY
Mike added. “ All investors should be looking at new and up and coming markets like Rochester, as a company we are always looking to strengthen our portfolio of properties and also the suppliers we have in the US. With the prices so low and the rental market so strong there it is a great opportunity to buy up fantastic property investments. So if you are a keen investor in the buy to let market and you have not looked at Rochester yet. START LOOKING!
For further information contact mike@globalinvestmentsincorporated.com
