For a business to be successful, it must be located where it has opportunity, workforce, and infrastructure. Watertown offers ample housing, transportation and shopping for your workforce, with an expanding population and a cost of living below the national average.
Nestled in the heart of Jefferson County, downtown Watertown benefits from being a hub of municipal activity as the county seat, and the home to several state offices. Just a few miles from the gates of Fort Drum, one of the nation's largest army installations, Watertown also enjoys an influx of federal dollars and a great sense of patriotism. Thirty minutes from Canada and the Thousand Islands, the city's location even accommodates international tourism and commerce.
Watertown is ripe with opportunity, and it has not gone unnoticed. In addition to the 50 million that has already been invested, an additional 90 million dollars has been committed to expanding the downtown Watertown business sector. The newly revitalized downtown provides the amenities of a larger city with the character and loyalty of small town America.
These factors in Watertown's favor are also reflected in the populace trends. While many counties in New York State are in decline, Jefferson county has seen a 13.5% population growth over the last six years, and continues to grow today.
Downtown Watertown has experienced a total population growth of about 7.41% in the last three years.
The total downtown workforce consists of approximately 2,000 people with new job creation anticipated over the next few years.
In the last decade, an estimated $50,000,000
has been invested in downtown Watertown to promote economic expansion and prosperity, revitalize streets and buildings, and create commercial and residential space.
It is estimated that the downtown projects will infuse approximately $90,000,000 of capital investment in downtown Watertown over the next two years.
In the last five years, the Watertown Local Development Corporation has assisted in over 24 downtown projects.