At least according to this article:
By comparison, the Elmira and Ithaca areas are each experiencing economic recovery, the research group said. Elmira is being helped by a stabilizing manufacturing sector; Ithaca by the presence of Cornell University, which helped shield the area from part of the downturn.
The article focuses more on the economic woes of neighboring Binghamton, which ranks No. 365 in projected employment growth of the 392 areas included in the evaluation. One economist projects that the city’s economy won’t begin growing for another three to five years.
