Greenwood is a town in Steuben County, New York, United States.

Following severe floods in July 1935 the railroad was partially out of service and its abandonment in June 1936 was readily approved by the Interstate Commerce Commission which from an early date approved railroad abandonment to promote highway truck use.

The loss of railroad service did much to promote the economic withering of the Greenwood area.

[citation needed] By the early 20th century, agriculture had established itself as the primary economic activity in the town.

Farming has since declined significantly, as in many parts of rural America, and forest cover has largely returned to many areas.

[citation needed] Also contributing to Greenwood's decline was the decision, when the Southern Tier Expressway (New York Route 17, now Interstate 86) was being planned in the 1960s, to route the road through the Hornell-Arkport area, as it was considered to have more potential for development than Jasper-Greenwood.

[4] According to the United States Census Bureau, the town has a total area of 41.3 square miles (107 km2), all land.

25.8% of all households were made up of individuals, and 12.9% had someone living alone who was 65 years of age or older.