JOHNSON CITY (WBNG) -- While Johnson City has certainly seen better days, there are many reasons the economic future of the village is looking bright.
A new restaurant opens Wednesday on Reynolds Road, and more small businesses are coming soon.
Mooney's Sports Bar and Grill opens where the old Ground Round used to be, but it's just one example of small businesses moving back into the area.
They've been crucial to helping revitalize the area after large scale employers such as Endicott-Johnson and IBM left the Southern Tier.
"In this area we call the study area, in and around Corliss Avenue, the poverty rate is over 40 percent, so that's what that happened when you become a Rust Belt town or city and you get depopulization and deindustrialization, and that's exactly what happened," said Professor John Frazier, a Binghamton University professor of geography who led a team which created a study to examine the economic landscape of the village from its founding to present day.
Frazier believes the influx of small businesses will help Johnson City reclaim its former glory.