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Flight of Young Adults Is Causing Alarm In Upstate New York

Upstate New York is staggering from an accelerating exodus of young adults, new census results show. The migration is turning many communities grayer, threatening the long-term viability of ailing cities and raising concerns about the state’s future tax base.

Newell Nussbaumer, publisher of Buffalo Rising Magazine, hopes to promote the city and to reverse the exodus of recent college graduates.

From 1990 to 2004, the number of 25-to-34-year-old residents in the 52 counties north of Rockland and Putnam declined by more than 25 percent. In 13 counties that include cities like Buffalo, Syracuse and Binghamton, the population of young adults fell by more than 30 percent. In Tioga County, part of Appalachia in New York’s Southern Tier, 42 percent fewer young adults were counted in 2004 than in 1990.

By SAM ROBERTS

Full Story: http://www.nytimes.com/2006/06/13/nyregion/13census.html?ex=1307851200&en=e230a44ff2300d75&ei=5090&partner=rssuserland&emc=rss

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Incubators, initiatives try to spur investment
CNY VENTURE CAPITAL BLUES

: By Ryann Acton
Journal Intern

The relative scarcity of venture-capital investment in the Central New York region is a complex problem that stems from the shortage of ideas, absence of an entrepreneurial technology culture, and venture capitalists’ unwillingness to invest in risky, start-up companies.

Governments, universities, and business groups have undertaken many efforts to tackle the problem.

University-sponsored programs, local business incubators, and a regional investment group have been formed to encourage area university students’ ideas, support entrepreneurial ventures, and increase access to wealthy investors, called angels.

Some local entrepreneurs and academics question whether these efforts are working.

Full Story: http://www.cnybj.com/fullstory.cfm?article_id=3934&return=frontpage.cfm

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