Just east of Painted Post, three tributaries merge into the Chemung River. The river then flows through downtown Corning.
The original industry of Corning was lumber, with its mills among the biggest in the world. Corning's proximity to a river was beneficial for loggers as they floated their product to bigger markets. After deforestation made this industry lose profitability, Corning’s location along the Chemung Canal System and railroad lines made it a convenient stop for shipping routes, especially for coal, lumber, grain, and whiskey.
The industry that made the greatest impact on Corning's development was glass making. Corning Glass Works, now Corning, Inc, moved from Brooklyn, NY, to Corning in 1868 and has been an economic anchor in Corning ever since. The 1972 flood devastated downtown Corning, doing massive amounts of damage to the neighborhoods on both sides of the river. In the aftermath, Corning Glass Works contributed a considerable amount of money to the recovery effort, and in the process greatly assisted in Corning’s economic survival.