Industry Research & Opportunities

Food Processing & Manufacturing

The food processing and manufacturing industry cluster is a growing industry. This cluster has had solid growth in recent years in employment, total value of shipments and receipts, value added, and CAPEX. The industry is also expected to continue growing its revenue at a rate of 3% – 4% within the next five years. The Eastman Business Park (EBP) and the Rochester, NY Economic Area, where the Park is located, are very well positioned to attract companies from this industry cluster. The Region particularly exhibits strong employment specialization in the specialty food and ingredients; packaged food and vegetables; and dairy products. Even though the region is not positioned as a strong one in terms of employment specialization in the baked goods segment, the growth exhibited in this subcluster in recent years in employment, total value of shipments and receipts, value added, and CAPEX, make it one worth exploring. It is easy to assume that given the Region’s strong specialization in the food industry overall, that there are sufficient strong capabilities that can be transferred into this industry subcluster.

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Biopharmaceuticals

The biopharmaceutical industry cluster is a growing industry. This cluster has had very solid growth in recent years in employment, total value of shipments and receipts, value added, and CAPEX. The industry is also expected to continue growing its revenue at a rate of 2% within the next five years. The Eastman Business Park (EBP) and the Rochester, NY Economic Area, where the Park is located, are very well positioned to attract companies from this industry cluster.
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Downstream Chemicals

The downstream chemical manufacturing industry cluster is a growing industry. This cluster has had solid growth in recent years in value added, and CAPEX. The industry is also expected to continue growing its revenue at a rate of 4% – 5% within the next five years. The Eastman Business Park (EBP) and the Rochester, NY Economic Area, where the Park is located, are very well positioned to attract companies from this industry cluster.
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Plastics

The plastics industry cluster is a growing industry. This cluster has had solid growth in recent years in employment, total value of shipments and receipts, value added, and CAPEX. The industry is also expected to continue growing its revenue by 3% over the next five years. The significance of the plastic products subcluster in terms of employment as compared to employment in the plastic materials and resins subsector, coupled with the solid growth that plastic products have experienced nationally in employment, total value of shipments and receipts, value added, and CAPEX, bolstered by the prospects for revenue growth, make the plastic products segment a more suitable fit for the Eastman Business Park (EBP).
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