Corporation Creation in Utica

This post examines corporation creation in the City of Utica. We looked at the numbers of corporations created in the City between the years of 1982 and 2016. Below is a visualization of that data.

utica-corp-creation2.jpg
Corporation Creation in Utica 1982-2016

There are a number of things that can be learned from this data. First, since around 1994 Utica has seen a relatively steady growth in the number of corporations created overall. The years between 1982 and 1994 saw a very stagnate number of corporation creation. During that 12 year span corporation creation hovered between a low of 25 and high of 45. However, since ’94 the overall numbers of corporation creation has grown greatly.

Second, what is very interesting is that during the Great Recession corporation creation actually increased in the City of Utica. Between the years of 2008 and 2010 corporation creation actually increased from 91 to a then all time high of 136.

Finally, it is important to note that the City is currently experiencing the highest number of corporation creation. Over the last few years, 2014-2016, corporation creation has reached its highest levels within in the City. 2014 alone saw the highest number in creation at 206. While 2015 and 2016 saw lower numbers, 170 and 166 respectively, these numbers are still all time highs for the City.

Below is a table of all the information:

Utica Corporation Creation
Year Corporations Created
1982 33
1983 31
1984 34
1985 28
1986 25
1987 42
1988 44
1989 45
1990 37
1992 29
1993 36
1994 35
1995 52
1996 62
1997 52
1998 59
1999 77
2000 87
2001 71
2002 98
2003 106
2004 127
2005 102
2006 97
2007 123
2008 91
2009 119
2010 136
2011 129
2012 138
2013 137
2014 206
2015 170
2016 166
Information Gathered from OpenDataNY.com

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