October 13, 2017 09:10 AM
An analysis by Moody's Analytics has Rochester as the fourth best candidate for Amazon's second corporate headquarters.
The results come after Moody's ranked metro areas based on five broad categories using a data-driven analysis. Austin, Texas took the top spot, while Atlanta came in second and Philadelphia third.
The analysis took into account business environment, human capital, cost, quality of life, and transportation, based on Amazon's stated preferences and Moody's "understanding of the relevant economic factors that determine a city's desirability from a business location standpoint". They also used geography as a more subjective category.
Among the top ten candidate cities, Rochester ranked most favorable in cost, but was lowest when it came to business environment. The overall average score for Rochester was 3.01. By comparison, Austin and Atlanta were 3.08 and Philadelphia was 3.07, while the fifth-place city (Pittsburgh) was 2.99.
Despite the results, a companion piece from Moody's notes that it remains an "extreme long shot". Although analyst Adam Kamins does say that Rochester "boasts many of the qualities that Amazon seeks", he notes that it may be difficult finding the 50,000 workers needed to fill jobs created by Amazon.
The study was done before Rochester and Buffalo announced a joint-bid for "HQ2". It is not known how well treating Western New York as an entire region would have affected the results. While Buffalo did not make the top ten, it was noted in the analysis as one of the most cost-friendly cities for a business like Amazon.
The analysis can be found here.
Created: October 13, 2017 09:10 AM
Copyright 2017 - WHEC-TV, LLC A Hubbard Broadcasting Company