Visions | 2019

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an OLEAN TIMES HERALD special edition

THURSDAY, MARCH 28, 2019

A YEAR IN REVIEW A LOOK INTO THE FUTURE VISIONS OF INDUSTRY

MORE INSIDE African American Center for Cultural Development moves forward with DRI ... page A-3 Cattaraugus County IDA aims to help small business with sales tax break ... page A-7 Local seasonal tourist destinations mull the threat of climate change ... page B-3

2019

Connect 4 school districts plan to make progress with new programs, clubs, initiatives ... page B-6

Smaller manufacturers key to strong economic future

By BOB CLARK

Olean Times Herald

OLEAN — While the era of Daystr om, Hysol, AVX and Dal-Tile are gone, local leaders still see manufacturing as key to the area’s economic future. But much of it will be on a smaller scale, with many firms filling the gaps. “To me, it’s a critical demographic for us to grow,” said Larry Sorokes, chief executive officer of the Greater Olean Area Chamber of Commerce. “It’s more realistic for us to attract and grow that size of company than the more massive manufacturers. “Clearly, we’re looking to companies like those to produce jobs at a higher pay rate, but also attract those with education in the given fields,” he said. “They tend to stabilize communities by providing higher-paying jobs, but also a career path.” Jeff Belt, CEO of SolEpoxy in North Olean and co-chairman of the

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“Any job growth will come from small and medium manufacturers, and especially locally-owned business. There’s not that many big factories to chase… I think the small and medium manufacturers now make up the majority of manufacturing jobs in the region.” — Jeff Belt, CEO of SolEpoxy in North Olean and co-chairman of the WNY Regional Economic Development Council

Western New York Regional Economic Development Council, said finding largescale manufacturers to move to the region is virtually unheard of. “Any job growth will come from small and medium manufacturers, and especially locally-owned business,” Belt said. “There’s not that many big factories to chase… I think the small and medium

manufacturers now make up the majority of manufacturing jobs in the region.” Attracting and expanding the businesses can be a challenge, Belt added, but it’s possible. “What drives my business is innovation,” he said, with a push to invent new compounds to solve a given problem for a customer. In order to do that, he needs engineers, technicians and other problem-solvers. “These are people with very high skills, and they can choose to move anywher e,” he said. “The theory is make the commu nity attractive, and the jobs will follow.” He pointed to efforts in Corning by the Houghton family following the Flood of 1972, choosing to restore Market Street buildings instead of leveling them for new con struction. The historic Gaffer District today has been such a draw that Corning Inc. still maintains its research and development Future ... page A-2

greater olean area chamber of commerce

April 12-14 Greater Olean Home Show May 18 Community Wide Garage Sale Throughout the community

June 12 Chamber Clambake June 15 strOLEAN June 27 Corporate Challenge 5k & Walk July 15 Corporate GOLF Classic July 28 Taste of Olean & Art in the Park August 16 strOLEAN August 16-18 Gus Macker 3-on-3 Basketball Classic October 26 strOLEAN November 7 Annual Dinner November 29 • 7 PM Santa Claus Lane December 4 & 11 • 6-8 PM Visit with Santa & Mrs. Claus 716-372-4433 • oleanny.com • enchantedmountains.info facebook.com/OleanNYChamber • 800-331-0543

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