Olean business outpaces most markets

November 29, 2011 Updated Nov 29, 2011 at 8:08 AM EDT

By WKBW News

November 29, 2011 Updated Nov 29, 2011 at 8:08 AM EDT

Most markets in New York State have seen a decline in business activity since the recession, but Olean is the biggest exception, according to a new On Numbers study.

On Numbers analyzed the changes in business activity in 938 U.S. metro and micropolitan areas, including 27 in New York. Researchers say 870 metropolitan and micropolitan areas had fewer private-sector businesses in 2009 than in 2008. The recession officially began in December 2007. Sixty-one areas added businesses in 2009. The other seven areas were unchanged.

For example, Buffalo saw a drop of 1.1 percent. But researchers say private-sector business in the Olean area increased by 3.8 percent between 2008 and 2009. That was the biggest gain by any market across the state. The only other areas that added businesses in 2009 were Ithaca and Elmira.

You can get the full report at www.buffalo.bizjournals.com.

To submit a comment on this article, your email address is required. We respect your privacy and your email will not be visible to others nor will it be added to any email lists.