In April 2019, then-congressman Chris Collins submitted his final federal financial disclosure statement.

It showed Collins still had a significant financial stake in Western New York. In the grand scheme of things though, economist Fred Floss said he was a relatively small player in the region's economy.

"Chris Collins, really, for being a wealthy person is not the same as the Pegulas so he doesn't have the same kind of impact that other people might have," Floss said.

Most notably, Collins owned a piece of Buffalo-based bio-tech company ZeptoMetrix worth between $25 and $50 million. He also had a $5 million to $25 million stake in Volland Electric Equipment Corporation and $1 million to $5 million in Audubon Machinery.

"To the extent that they were only in Western New York because Chris Collins was here and he was the congressperson for the area, well they could move and there would be a small economic impact, but looking at the companies, I think they've been long-term Buffalo companies for the most part," Floss said.

He said he doesn't expect any Collins companies to move soon, nor would he expect it will be easy for him to sell. None of the companies immediately returned Spectrum News’ calls about Collins’ current affiliation.

"He'll have tax liabilities if he tried to divest all at once so I would suspect that he would have to be careful about how he was going to move in the future," Floss said.

The disclosure report also shows a number of real estate investments in Western New York and Illinois. Some appear to be in partnership with local Sinatra & Company Real Estate, which also did not immediately respond to Spectrum News’ calls about Collins.

"I think the reality is that there are enough people that would buy these properties from Chris Collins so that Sinatra would not notice anything that was going on so I suspect that there is very little impact at all," Floss said.

The economist said any real estate is likely a stable investment and easy to sell should Collins want to. However, he believes the congressman may just hold on to his local investments, even as he faces potential prison time.