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Rochester, NY Average Commute Time Saves Companies Money and Improves Productivity
Greater Rochester Enterprise Illustrates Economic Impact to Local Companies

1/28/2010

ROCHESTER, N.Y. – January 28, 2010 — According to the Center for Governmental Research and the Texas Transportation Institute at Texas A&M, the Rochester, NY Region's average commute time of 22.6 minutes is one of the shortest in the country. To illustrate the economic benefit to local companies, Greater Rochester Enterprise (GRE) has unveiled the "Save Time and Money in Rochester, NY" calculator at www.rochesterbiz.com/idq.

"We wanted to create the calculator for the GRE website to show how Rochester's short commutes save companies time and money while improving workforce productivity," said Center for Governmental Research President and Chief Economist Dr. Kent Gardner.

"This is a valuable tool that companies looking to expand in or relocate to the Rochester Region can utilize to evaluate the economic benefits of doing business here," added GRE President and CEO Mark S. Peterson.

The calculator compares "Annual Congestion Cost" of the top 90 metropolitan areas in the United States, basing the cost on "Annual Total Delay", the amount of hours each employee spends delayed in traffic per year. For example, a 100-person company in Rochester, NY, saves $128,300 more per year than a same-sized company in Los Angeles, CA, because the Rochester employees are spending 6,000 hours less per year delayed in traffic.

"When you combine our region's high Intellectual Density Quotient (IDQ) with our short commute times, you get efficient, quality work at an affordable price," said Bausch & Lomb's Vice President of Human Resources Clay Osborne.

 

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Brookings Institute deemed Rochester 18th strongest-performing metro area
• Brookings Institute recognized Rochester as the 18th strongest performing city for keeping labor and housing markets stables and posting strong economic activity over the last few years. (June 2010)
Abundance of Fresh Water
• 7% of the world's fresh water supply is right here in the Greater Rochester, NY Region.
"Overall Innovation Capacity"
• Ranked 5th for "Overall Innovation Capacity" upon the basis of 1. Jobs in high-tech industries 2. Degrees granted in science and engineering 3. Number of patents 4. Academic research and development funding 5. Venture capital invested. Metropolitan New Economy Index: Benchmarking Economic Transformation in the Nation's Metropolitan Areas, 2001



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