Corporation Creation in Herkimer County

A continuation on a series of Corporation Creation in the Mohawk Valley. This post examines the number of corporations created in Herkimer County between the years of 1983 and 2016. Below is a visualization of this information.

Corporation Creation Herkimer County
Corporation Creation in Herkimer County 1983-2016

There are a number of things that can be learned from this information. First, just as with Oneida County, Herkimer County has generally had a long increase in corporation creation since 1983. What is interesting to note is that Herkimer County did not fall in corporation creation as bad as Oneida County during the Great Recession. Out of the 28 years accounted for, only 7 of these had a reduction in creation from the previous year.

Second, unlike Oneida County, Herkimer County has experienced a period of decreased creation that lasted more than one year. There are 3 straight years of decreased creation between the years of 2004 and 2006. However, the following year of 2007 saw corporation creation jump up to a then all time high of 125.

Finally, just as with Oneida County, Herkimer County has experienced all time highs in corporation creation over the last few years. Between 2011 and 2015 corporation creation has had its sharpest incline from 108 to 176, the current all time high. This growth only tapered off a bit in 2016 at 159.

Below is a table of all the information:

Herkimer County Corporation Creation
Year Corporations Created
2016 159
2015 176
2014 156
2013 135
2012 122
2011 108
2010 116
2009 91
2008 95
2007 125
2006 94
2005 105
2004 106
2003 99
2002 81
2001 50
2000 52
1999 49
1998 49
1997 43
1996 37
1995 36
1994 38
1993 25
1990 30
1989 27
1988 26
1984 23
1983 21
Information Gathered from OpenDataNY.com

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