3rd Annual Economic Development Summit

Press Release

November 6, 2026

For Release:  Immediately

Contact: Ashley Smith, Director of Economic Development

Office Phone: 585-268-7471

Allegany County Office of Economic Development Hosts 3^rd Annual Economic Development Summit, Highlights 2027 Priorities

BELMONT, NY – The Allegany County Office of Economic Development hosted its 3rd Annual Economic Development Summit on November 5 at the Palmer Opera House in Cuba, bringing together local businesses, community leaders, and economic development partners to examine the county’s economic landscape, reflect on progress made throughout 2026, and outline priorities for 2027.

The summit opened with an overview of the local economy, examining key indicators including population and household trends, business activity and employment dynamics, cost of living and regional affordability, gross domestic product (GDP) and economic output, and workforce and labor stability. Together, these measures provided a snapshot of where Allegany County stands today and the opportunities and challenges that will influence its future.

A review of the Office’s 2026 initiatives highlighted continued efforts in site development, infrastructure, housing, marketing, business support, and tourism. The presentation also explored marketing efforts to increase awareness of Allegany County as a place to live, work, visit, and invest, while introducing expanded outreach and promotional initiatives planned for 2027.

A featured panel discussion brought the local business perspective to the conversation, highlighting the experiences and contributions of Ljungström in Wellsville, The Creative Arts Center in Wellsville, The Altier in Alfred, Whitesville Wood Products, and Hanson Chemicals in Friendship. Representing a diverse range of industries and organizations, panelists shared their perspectives on doing business in Allegany County and reinforced the importance of a strong business climate, community investment, continued collaboration, and partnership with the Office of Economic Development.

 Looking Ahead: Building on Progress in 2027

The 2027 outlook focused on advancing the same foundational priorities while placing greater emphasis on positioning Allegany County for future investment and growth.

Site development and business attraction efforts will focus on key areas of opportunity, including the County Road 20 corridor, State Route 19 corridor, and Interstate 86 interchanges. Complementing these efforts will be a “No Vacant Building Left Behind” strategy aimed at identifying, promoting, and creating opportunities for vacant and underutilized commercial properties. The initiative will help connect available spaces with prospective businesses and investors while supporting the revitalization of existing commercial areas.

Infrastructure and housing will remain critical components of the county’s economic development strategy. Attendees received updates on the countywide housing study and countywide sewer study, both of which will help identify community needs, development opportunities, and future investment priorities.

The Office also provided an overview of its Business Retention and Expansion (BRE) program, which focuses on maintaining relationships with existing businesses, understanding their needs and challenges, identifying opportunities for growth, and connecting them with available resources and support. Supporting the success and expansion of businesses already operating in Allegany County remains an important part of the county’s broader economic development strategy.

Several significant infrastructure projects along County Road 20 between Friendship and Amity were also highlighted. These include the new County Department of Public Works facility, a new water tower and water lines, and a new wastewater treatment plant and sewer lines. These investments represent important steps in strengthening the area’s infrastructure and capacity for future development, with project completion anticipated in late 2027 and early 2028.

Tourism and Building Awareness of Allegany County

The summit also included an overview of the county’s tourism marketing efforts, highlighting promotional reach, visitor spending, and the economic impact of tourism. Tourism continues to play an important role in supporting local businesses, generating economic activity, and introducing new audiences to Allegany County.

Looking ahead, 2027 will bring expanded marketing efforts, new promotional materials, and continued development of the county’s tourism and economic development presence. These initiatives are designed to increase awareness of Allegany County, attract visitors, encourage longer stays, and showcase the opportunities available to residents, businesses, and prospective investors alike.

“Every one of these initiatives is connected. Infrastructure supports development, housing supports our workforce, strong businesses support our communities, and tourism brings new people and dollars into our local economy. Our work is about building those connections and creating the conditions for Allegany County to move forward,” said Ashley Smith, Director of Economic Development for Allegany County.

The annual summit provided an opportunity to recognize the progress being made while reinforcing that economic development is an ongoing, collaborative effort. As the county moves into 2027, the focus remains on building a stronger foundation for investment, supporting local businesses, addressing community needs, and advancing what is possible for Allegany County.

About the Allegany County Office of Economic Development

The Allegany County Office of Economic Development works to strengthen the county’s economy through business attraction, retention and expansion, startup assistance, site development, infrastructure investment, grant assistance, and tourism promotion. Through collaboration with businesses, municipalities, educational institutions, and regional partners, the Office works to create opportunities that support a thriving local economy and stronger communities.

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Economic Development Summit 11 6 26

Economic Development Summit 11 6 26