Upstate is not just for getaways; business investment opportunities abound

Upstate New York became wildly attractive to many city dwellers during the pandemic, including those working in private equity. As a result, throngs of city residents headed for the Catskills and the Adirondacks to wait out the pandemic.

In turn, real estate prices around Albany and in the Hudson Valley have increased dramatically. Whether new owners are looking for a permanent place to live or a new investment property, the market has become more competitive.

While the pandemic has hurt businesses across the country, the economic environment in upstate New York is on relatively stable ground. Around one-third of CEOs in the region expect revenues to increase during this year, according to data

→ Continue reading at Crain's New York Business

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