He is optimistic, however. Hopefully there'll be some good news, with some businesses moving into the area. Fulton Savings Bank's president and CEO, Michael Pollock, sees Oswego County's economy as slowing down, especially with regard to the auto industry. He can also see a downturn in industries that are associated with the auto industry. Like Kreis, he feels that, since the area didn't have much of a boom when the rest of the country was prospering, it won't have much of a bust.
Some industries are impervious to the booms and busts.
There's a lot of food and beverage industry here in the county. A man who should know about the food industry is Millard Sullivan, plant manager of Agrilink Foods. Agrilink has been in the food business for 99 years and its products include a full line of Birds Eye frozen foods. We're not as sensitive to these downturns as some other industries may be. Sullivan pointed out that, although it's hard to predict what people will do, in general they might go to restaurants less often when money is tight, buying more groceries instead.