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The Siena College Research Institute has released its 14th annual survey of Upstate New York Business Leaders.
Don Levy, director of the Siena College Research Institute, says the survey, released earlier this month, found 80 percent of more than 1,000 upstate CEOs polled agree that economic conditions in New York state have worsened since the beginning of the coronavirus pandemic.
“Over half of CEOs told us that the demand for their product or service decreased over the course of the year due to COVID 51 percent. That number is even higher. Over 60 percent of CEOs in fields like engineering and construction, our friends in food and beverage, well over 60 percent said the demand decreased. How about revenue? A staggering figure, really, 67 percent of the revenue decreased. Again, specifically in the Southern Tier, we saw that to be over 70 percent, and in engineering construction over 70 percent said that their revenues decreased. “