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Local CEOs downbeat on state’s recovery this year

(The Buffalo News) — Western New York businesses aren’t optimistic about the state’s economy rebounding this year.

A survey of 150 local CEOs found 48% of them expect the state’s economy to get worse this year, while 36% expect it to improve. The other 15% expect economic conditions to remain the same.

The survey was conducted by the Siena College Research Institute, and sponsored by the Business Council of New York State.

“Anecdotally, we had many CEOs tell us, ‘I could do more business, I could add an extra line to my manufacturing facility, I could be open more hours. I simply cannot find the appropriately trained people in order to expand my business,'” Levy said in a discussion hosted Wednesday by the Buffalo Niagara Partnership.

Read more here.

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