The Village is conveniently located on the Southern Tier Expressway (NYS Route 17) which is a four lane limited access highway which cuts through the Catskills from Suffern in the east to Erie in the west and has become a major thoroughfare from New York City to the western parts of the state and Ohio.
Most importantly to its residents, it is 30 miles east of the Binghamton urban core where the major employment, shopping, and services can be had.Interstate 81 is 20 miles to the west accessed by NYS Route 17 and Interstate 88 is 23 miles to the north accessed by NYS Route 8.
The area has a climate with average daytime temperatures of 74 degrees Fahrenheit in the summer and 34 degrees in the winter.
The village supports an active downtown main street where most needed services such as doctors and lawyers can be found. This street is also home to a 1930's deco world class first run movie theater and performing arts center. The Deposit Community Theatre was rebuilt in the winter and spring of 1995 after devastating fire occurred in September of 1994.
Throughout the Village are some fine restaurants, antique shops, a historical museum located in a turn of the century bank building.
The Village also has its own Chamber of Commerce as well an economic development arm of Village Government, namely the Deposit 2000 Committee, and is affiliated with the Broome County Economic Development Alliance. Deposit is also an Empire Zone. Supporting the economic development activity is a revolving loan fund which boasts $2.6 million in loans and investments.
Private industry and the Village have teamed together to develop a 32 acre industrial park and corporate park onthe eastern portion of the village. These are served by electric, natural gas, and municipal water and sewer.
Stone cutting, logging, farming and tourism all play a significant part in the local economy.
Deposit is typical of most rural upstate communities in that is has no municipal public transportation system. The Shortline Bus Company provides ground transportation to and from other localities as well as New York City. A jetport is available 30 miles to the west and Consolidated Railway goes through the Village and can be accessed for freight via two sidings in the village. The Canadian Pacific Railway is available 25 miles to the west.