Record of success 2011


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  • EDGE structure outgrowth from 1997 Deloitte Touché Fantus Regional Economic Development Strategy Growing Area Businesses Nurturing High-tech Education & Labor Force development Business Attraction Tourism & Arts
  • BRAC 1995 Success in Preserving AFRL Rome Research Site – led to EDGE developing strategy to secure $24.2 M in Air Force MILCON funding and NYS funding to build new AFRL Information Directorate (now called Boehlert Information Directorate). Project rationalized AFRL real estate & reduced O&M costs to make Rome Site more cost efficient State-AF investment created new state of the art R&D space that co-located all S&T personnel in central location Strategic investment helped position AFRL Rome to withstand future BRAC consolidation efforts 2005 BRAC redirected satellite IF functions from WPAFB to Rome and BRAC MILCON funds ($28 M) for construction and renovated of additional R&D functions for AFRL Rome
  • Special Metals – Business Retention Effort. BNY Mellon– Expansion CONMED purchase of former Lockheed Martin facility in Utica ECR International Consolidation & Innovation Initiatives Construction of TRW (now Goodrich) facility to avoid relocation of local TRW operations existing TRW space at its Aurora, Ohio facilities. Retention & Expansion of East Coast Olive Oil Corporation (now known as Sovena, USA) Bartell Machinery Facility Expansion Project Damiler Buses North America – Retention Effort Hartford Insurance Expansion Project MGS Manufacturing Expansion American Alloy Steel AIS, Inc BAE Systems Solo Scientific Delta Hardwoods Special Metals Harden Furniture
  • For decades the former General Cable site on Railroad Street in East Rome sat vacant and unproductive. Once the site of a thriving manufacturing facility, it stood as a painful reminder of lost economic prosperity. In the years following the closure of General Cable, its subsequent private owners, and the City of Rome, undertook various efforts to return the site to productive use. Fast forward to 2006, and the introduction of New York State’s Restore NY Communities Initiative. The City of Rome, sensing the potential of the program to fund restoration of the site to a “shovel ready” condition, submitted an application and received funding approval from Empire State Development for a $1.35 million grant to demolish the remaining concrete and address any underlying environmental concerns. In the spring of 2008, the City of Rome partnered with Empire State Development and Rome Industrial Development Corporation to undertake the process of site redevelopment. In a process known as ‘rubbelization’ over 18,000 cubic yards of concrete was demolished and crushed onsite, then used as fill to grade the site. Contaminated soils and concrete were taken to the Regional Landfill in Ava. Major contractors for the project consisted of Plumley Engineering, Ritter & Paratore, and D.H. Smith Co., Inc. As the rubbelization process was taking shape, Mayor Brown and RIDC were working with a local business looking to expand. American Alloy Steel, a Houston-based supplier of carbon and alloy pressure vessel plate and other quality steel plate and bar products, determined the site would be ideal for its new facility. A deal was struck, and Gaetano Construction is currently on-site building a modern, 57,000 square foot facility, with anticipated occupancy slated for mid-2009. Empire State Development’s support with the Restore NY program was a key element in the City of Rome’s ability to restore economic life to a long-vacant property, and serves as a prime example of what the right program, and the right public-private alliance, can accomplish. For more news on brownfield redevelopment in Rome, go to
  • The demolition of Building Complex #3 at the former Rome Cable has been the largest of Rome’s New York State Restore Grant projects.  The site, which is between Owl Wire and Cable’s Rome office and Rome Strip Steel, has been the target of $2.5 million in Restore spending, as well as more than $2,000,0000 in NYS Department of Environmental Conservation ERP funds, and $75,000 in National Grid Brownfield grants and from the City of Rome.   Funding was used for asbestos abatement, demolition, and site restoration at Building Complex #3, funds also assisted with reconstruction of electrical infrastructure to Owl Wire, which was an important step in ensuring both Owl and Rome Strip Steel’s continued viability and success.    The American Public Works Association recently voted the Brownfield Restoration Site –Former Rome Cable Corporation Project as the 2010 Environment- Brownfield Project of the Year.   The effort has been a partnership involving Mohawk Valley EDGE, Rome Community Brownfields Restoration Corporation, City of Rome, Oneida County Industrial Development Agency, New York State, Shumaker Engineering, Ritter & Paratore Construction, Owl Wire and Cable, Rome Strip Steel and National Grid.
  • The underpinning of the success at Griffiss is the Professional Staff Services agreement between GLDC and EDGE which enables GB&TP & Griffiss International Airport to become a regional employment center that has attracted interest from international businesses, major site selectors, and area businesses that are expanding and creating jobs Total employment 5,600 + Total Public & Private Investment $440 M & growing Diverse range of business activity including manufacturing, aviation/aerospace, distribution, and technology, government, commercial and community development activity Provide Update in various taxes and fees realized
  • Family Dollar AIS Premier BAE Mascoma Corporation Goodrich Corp. AFRL DFAS Over 70+ employers and 5,600+ employees
  • Western- Sylvan Beach, Verona Beach, Blossvale, Camden, Durhamville, McConnellsville, North Bay, Oneida, Sherrill, Taberg, Vernon, Vernon Center, Verona, Westdale Northern- Alder Creek, Ava, Barneveld, Boonville, Forestport, Hinckley, Holland Patent, Prospect, Remsen Southern- Bridgewater, Brookfield, Cassville, Clayville, Deansboro, Knoxboro, Oriskany Falls, Richfield Springs, Waterville Greater Utica- Chadwicks, Clark Mills, Clinton, Franklin Springs, Marcy, New Hartford, New York Mills, Sauquoit, Stittville, Washington Mills, Westmoreland, Whitesboro, Yorkville, Utica Greater Rome- Lee Center, Oriskany, Rome, Westernville Herkimer County- Cold Brook, Dolgeville, Frankfort, Hamilton, Herkimer, Ilion, Little Falls, Middleville, Mohawk, Newport, Poland, Salisbury Center, West Winfield
  • EDGE led initiative that is now embraced as key NYS economic development strategy for Upstate economy Center for Advanced Technology- Quad-C Initiative- Construction Start in 2011- Completion date 2013 EDGE has negotiated Project Development Agreement with Fort Schuyler Management Corporation for project site EDGE has secured $27.2 M in financing for the project EDGE is involved in global marketing efforts that has taken EDGE to Asia (Korea, Taiwan, China, Japan); Europe; Israel; and leading North American regions in Texas, Arizona, California & Oregon Following is a list of some of the positive aspects of the location of a semiconductor fab to Upstate New York. Additional jobs at higher wage rates are the immediate benefit. Employment of entry level personnel (Skill set required, One year’s experience)- Wafer operators (staring salaries) $40,000 Engineers 80% or 352 moving to area, Management 70% or 69 moving to area, Support Staff 40% or 26 moving to area, Fab operators 30% or 148 moving to area (Engineers average salary $75,000, Management average salary $110,000) State Generated Revenue Income Tax- $14.4 M State Sales Tax- $19.2 M County Sales Tax- $20.3 M Added Business to economy- $370.1 M Five Year ROI 5-Year Direct Tax Increase- $532,296,675 5-Year Addition to Local Economy- $2,840,249,119 Total- $3,372,545,793 (Statistics from 2008 SEMICO Research Corporation study done on Assessing the Economic Impact of Attracting the Semiconductor Industry to Upstate NY)
  • EDGE Involvement in SUNYIT’s Center for Advanced Technology Project and the Computer Chip Commercialization Center includes earmarked funds that are part of EDGE’s obligations under the Marcy NanoCenter Ground Sublease to Fort Schuyler Management Company for the development project. EDGE has also been actively involved in collaborative marketing with SUNYIT to find tenants for the new buildings.
  • EDGE has developed strong reputation in developing innovation public financing approaches for complex economic development projects PILOT Financing (Family Dollar, Sovena USA, The Hartford) New Market Tax Credits (Assured Information Security, Inc) MNC Project – QUAD C funding 394 HRC Funding – to benefit Oneida County Airport Tax-Exempt Bond Financing (MGS Manufacturing, Fountainhead, UCP, St. Elizabeths, Faxton-St.Lukes, MVCC) Others have called upon EDGE to assist in developing financing options for potential projects (e.g., Herkimer County & HCIDA on Remington Arms; and 5S South Business Park – PILOT-TIF EDGE has developed strong financial relationships with banks and investment banking institutions for project financing
  • Regionally significant sites & facilities featured on Bossert Manufacturing Site Sherrill Manufacturing Sangerfield East Rome Industrial Site Griffiss Business & Technology Park Oneida County Business Park New Hartford Business Park Marcy NanoCenter
  • EDGE played a crucial role in BRAC 2005 Victory AFRL Rome – made whole with consolidation of IF functions at WPAFB with AFRL Rome IF Headquarters location (original BRAC decision had WPAFB functions going to Hanscom AFB, which would have been a competitive threat to Rome’s long term plans. Over 1200 employees! DFAS Rome – with 320 employees was retained and not closed as recommended by DoD. Net effect was that Rome was retained as one of 5 DFAS sites (17 other sites were closed and consolidated into Rome Operating Location) and an additional 680 jobs were to be added. Today, DFAS has 1,145 jobs!
  • Former County Executive Joe Griffo asked EDGE to staff and coordinate opposition effort to NYRI Power Line Project EDGE provided all staff and administrative support for eight county coalition & 5 citizen group organizations– known as Communities Against Regional Interconnect (CARI) and helped raised $2.6 M to support legal, engineering and technical consultants to oppose power line project through federal courts and Public Service Corporation. EDGE President became CARI Chairman in 2007. CARI effort helped defeat NYRI in federal courts and proceedings during Evidentary Hearings forced NYRI to withdraw application
  • Targeted Industry Clusters: Advanced Manufacturing, Aviation, Biosciences, Construction, Data/Information Technology, Distribution/Logisitics, Education, Entrepreneur, Finance/Insurance/Real Estate, Food Processing, Healthcare, Human Services, Nanotechnology
  • Job Development Loan Fund Central Association for the Blind, Utica- $229,000; Solo Scientific, Utica- $28,000; ECR International, Utica- $250,000 Custom Stair & Millwork, Utica- $46,000; JetNet, Utica- $50,000; Metal Logix Design & Fabrication, Utica- $50,000 ShipRite Software, Utica- $50,000; GN Nettest (NY) Inc, Utica- $200,000; KJ Electric, Yorkville- $100,000 Mohawk Limited, Chadwicks- $22,500; Assured Information Security, Rome- $50,000; Prevalere Life Sciences, Whitesboro- $150,000 Black Flag Brands, New York Mills- $109,300; Chepaume Industries, Oriskany- $25,000; Quantum Resources, Whitesboro- $250,000 Metals Industry Loan Fund Nortex Powder Coating, Rome- $150,000; PEMS Tool & Machine, Little Falls- $150,000; MGS Manufacturing, Rome- $251,844; Riverhawk, New Hartford- $200,000 Title IX Loan Fund McDonough Lumber, Vernon Center- $75,000 Small Cities Loan Fund Sherrill Manufacturing, Sherrill- $225,000; Fountainhead, New York Mills- $150,000; Black Flag Brands, New York Mills - $140,700 Micro/Agri-Business Assistance Program Performance Wire & Cable, Camden- $59,000 ; Delta Hardwoods, Ava- $50,000; Adirondack Machine Tool, Lee Center- $50,000; Clinton Arts Academy, Clinton- $50,000 Delft Blue LLC, New York Mills- $100,000; Husted Concrete Products, New York Mills- $50,000; Karams’ Bakery, Yorkville- $34,000 Sara Langley Designs, Rome- $25,000; Adirontek Furniture, Boonville- $65,000; Diversified Case, Rome- $21,000 Mohawk Valley Vet Labs, Westmoreland- $50,000; North South Connection, Boonville- $50,000; Custom Packaging, Utica- $25,000; Dynamic Air Systems, Stittville- $50,000
  • Multi- Manufacturer’s Training Consortia LEAN Class of 2009- ECR International, Human Technologies Corp, McIntosh Box & Pallet and Revere Copper (Companies saved $476,600 annually) Phase One - Completed   Grant Amount: $3.0 Million Company Leverage: $3,693,363 Participating Companies: 23 Total employees Trained: 3,329 Training Slots: 8,955 Programs Held: 1,106 ROI: 1.3 Times greater to NYS Payroll Increase: $4.6 Million Company Savings from Specific Lean Projects: $28.0 Million Productivity Increase: 24% average Set up time average decrease: 65% Inventory Reduction: 55% Scrap Reduction: 31% Distance Reduction: 55%     Phase Two - Proposed   Grant Amount: $2,267,108 Company Leverage: $2,724,772 Participating Companies: 29 Total Employees Trained: 4,450 Training Slots: 8,518 51.9% of the companies reported an increase in productivity and efficiency 29.6% experienced fewer complaints because Supervisors had better employee skills and were now able to resolve issues quickly and effectively 59.3% experienced reduction in costs 33.3% stated that communication throughout their organization has improved 33.3% stated that the overall management performance has improved 29.6% of the companies have secured other funding or invested their own resources to provide additional training outside of this grant Two companies were able to introduce new product lines as a result of the training
  • Record of success 2011

    1. 1. Mohawk Valley EDGE Record of Success 2011
    2. 2. <ul><li>Attract </li></ul>Assist Act EDGE Annual Plan Premier Aviation The Hartford Assured Information Security
    3. 3. EDGE Mission: Strengthen and Grow the Economy of the Mohawk Valley Bartell Machinery Sovena USA ECR International
    4. 4. What does EDGE do? * each entity is a separate corporation/agency with a separate board of directors and unique financial statements <ul><li>New Business Attraction </li></ul><ul><li>Strategic Site Development </li></ul><ul><li>Business Outreach </li></ul><ul><li>Capital Projects </li></ul><ul><li>Loans & Project Financing </li></ul><ul><li>Global Marketing </li></ul><ul><li>Grants & Grant Administration </li></ul><ul><li>Brownfield Development </li></ul><ul><li>Real Estate Management </li></ul><ul><li>Empire Zone Administration </li></ul><ul><li>Fundraising </li></ul><ul><li>Public Advocacy </li></ul><ul><li>Community Outreach </li></ul><ul><li>Staff Services/Administrative Support </li></ul><ul><li>Management of Subsidiary Corporations </li></ul><ul><ul><li>394 Hangar Road Corp. </li></ul></ul><ul><ul><li>5900 Success Drive Realty, LLC </li></ul></ul>Griffiss Local Development Corp. Utica Industrial Development Corp. Oneida County Industrial Development Agency Herkimer County Industrial Development Agency Rome Industrial Development Corp. Rome Community Brownfield Restoration Corp. Who does EDGE provide services to? GLDC* UIDC* OCIDA* HCIDA* RIDC* RCBRC* Coordinated Economic Development Effort of EDGE <ul><ul><li>Real Estate Development & Management for GBTP </li></ul></ul><ul><ul><li>Capital Projects </li></ul></ul><ul><ul><li>Cardinal Griffiss Realty, LLC </li></ul></ul><ul><ul><li>Griffiss Park Landowners Assn. </li></ul></ul><ul><ul><li>Griffiss Institute </li></ul></ul><ul><ul><li>-2 members: EDGE & GLDC </li></ul></ul><ul><ul><li>$458,913 Staff Services Agreement </li></ul></ul><ul><ul><li>25% of EDGE Revenue </li></ul></ul><ul><ul><li>Global Marketing in specific Industry Clusters </li></ul></ul><ul><ul><li>Project Assistance </li></ul></ul><ul><ul><li>Proposed $30,000 Staff Services Agreement </li></ul></ul><ul><ul><li>2% EDGE Revenue </li></ul></ul>
    5. 5. <ul><li>Mohawk Valley EDGE Board Representation </li></ul><ul><li>58 Member Board of Directors </li></ul><ul><li>Adjusters International, Bank of New York Mellon, Bank of Utica, Carbone Management Group, Cathedral Corporation, Inc., Charles A. Gaetano Construction, CONMED Corporation, ELG Utica Alloys, Inc., Excellus Blue Cross Blue Shield Utica Region, Faxton-St. Luke's Healthcare, First Niagara Bank, Gilroy, Kernan & Gilroy, Hamilton College, Harden Furniture, Inc., Herkimer County Community College, Hummel's Office Plus, Indium Corporation of America, M&T Bank, MacClark Corp., Mandia Int'l Trading Corp, Matt Brewing Co. Inc., McMahon and Grow, Mohawk Valley Community College, The Genesis Group, National Grid, NBT Bank N.A., Northland Communications, Oneida Herkimer Madison BOCES, Oneida Nation Enterprises LLC, Oneida Savings Bank, Pacemaker Steel and Piping Co., Inc., PAR Technology Corporation, Revere Copper Products Inc., Rome Memorial Hospital, Rome Savings Bank, Rome Sentinel, Rome Strip Steel Co. Inc., St. Elizabeths Medical Center, Mohawk Valley Chamber, SUNYIT, Rome Chamber of Commerce, Thomas J. Nelson & Associates, Trainor Associates, Utica College, Utica College, Utica National Insurance Group, Wolfe News Service, Inc, Z Foodserv Inc. </li></ul>
    6. 6. <ul><li>EDGE Table of Organization </li></ul>
    7. 7. <ul><li>EDGE 2009 Audited Financials </li></ul>Revenues *2009 General Administration Operating Budget- $1,839,944
    8. 8. EDGE 2009 Audited Financials Expenses *2009 General Administration Operating Budget- $1,839,944
    9. 9. 1997-Present EDGE Strategic Impact in Mohawk Valley <ul><li>Preserving the Air Force Research Lab </li></ul>Grand Total Annual Economic Impact Estimate for Five-County Regional Impact Area: $278,709,195 * 2009 AFRL Economic Impact Report Classification Number of Employees Payroll Civilians 748 $70,236161 On-site Contractors 515 $53,487,524 Total 1,319 $130,659,369
    10. 10. 1997-Present EDGE Strategic Impact in Mohawk Valley Preserving the Air Force Research Lab Currently AFRL is constructing a 28,000 square-feet addition to their existing Information Directorate complex and additionally alter approximately 18,600 square-feet to accommodate new laboratory and support facilities in support of the Information Directorate’s scientific and technical mission. Total cost of the project is $10.25 million. 58% of employees have Bachelors Degrees 30% of employees have Masters Degrees 12% of employees have PhD’s Average Salary- $71,929 Indirect jobs created as a result of AFRL- 1,488 *2009 AFRL Economic Impact Report
    11. 11. EDGE Led Business Assistance Activities
    12. 12. EDGE Real Estate Projects- Brownfields <ul><li>General Cable Site </li></ul><ul><li>EDGE partnered with the City of Rome, RIDC, OCIDA and New York State’s Restore NY’s Communities Initiative to redevelop the General Cable Site in East Rome. </li></ul><ul><li>A byproduct of the partnership resulted in the remediation and site improvements which enabled American Alloy Steel to build a 57,000 sq. ft. state-of-the-art building! </li></ul>Before After
    13. 13. <ul><li>Rome Cable Site </li></ul><ul><ul><li>EDGE again partnered with the City of Rome, RIDC, OCIDA, National Grid and New York State’s Restore NY’s Communities Initiative to redevelop the General Cable Site in East Rome </li></ul></ul><ul><ul><li>2010 Environment- Brownfield Project of the Year by American Public Works Association </li></ul></ul>Before After EDGE Real Estate Projects- Brownfields
    14. 14. EDGE Real Estate Projects Griffiss Business and Technology Park Total employment : 5,600 + Total Public & Private Investment: $440 Million & growing! Diverse Industries: manufacturing, aviation, distribution, technology, government, commercial and community development! 2010 Distribution of Taxes, PILOTs & SFP Payments Revenues County of Oneida $1,205,410 City of Rome $1,283,545 Rome City School District $1,567,455 Total $4,056,410
    15. 15. <ul><li>Family Dollar </li></ul>Griffiss Business and Technology Park Projects AIS, Inc. Premier Aviation BAE Systems Mascoma Corp. Goodrich Corp.
    16. 16. Griffiss Business and Technology Park Projects Air Force Research Lab Sovena USA Eastern Air Defense Sector New Eye-Surgery Center Oneida Financial/Alion MVCC A & P School
    17. 18. Marcy NanoCenter at SUNYIT <ul><li>Marcy NanoCenter at SUNYIT is EDGE’s effort to attract and grow the semi-conductor, nanoelectronics and photovoltaic industries in the Mohawk Valley. This site is a 300+acre greenfield on the campus of SUNYIT. </li></ul><ul><li>Project Status Update </li></ul><ul><li>EDGE, SUNY, SUNY Research Foundation and SUNYIT finalized a Project Development Agreement (PDA) </li></ul><ul><li>Utilizing over $27.2 million in grants from NY State, National Grid, OCIDA and EDGE for engineering, professional services, marketing, infrastructure improvements and site development activities: </li></ul><ul><ul><li>Edic bypass road </li></ul></ul><ul><ul><li>Water and sewer improvements </li></ul></ul><ul><ul><li>Relocation of power lines </li></ul></ul><ul><ul><li>Wetlands Mitigation Plan </li></ul></ul>
    18. 19. SUNYIT CAT/QUAD-C Project 65,000 SF Center for Advanced Technology 120,000 SF Computer Chip Commercialization Center
    19. 20. Oneida County Business Park Reuse Plan The reuse study outlines a landuse plan for the former Oneida County Airport and identifies capital investment requirements Stakeholders group formed from tenants of the Park, EDGE, Oneida County, Whitestown, Mohawk Valley Water Authority, National Grid and other parties involved to address immediate needs to revitalize OCBP Current Focus: Infrastructure, way finding, branding and signage for the Park A reuse plan was completed in 2009
    20. 21. EDGE Public Financing Models <ul><li>Developed innovative public financing approaches for complex economic development projects </li></ul><ul><ul><li>PILOT Increment Financing </li></ul></ul><ul><ul><li>New Market Tax Credits </li></ul></ul><ul><ul><li>394 Hangar Road Financing- to benefit </li></ul></ul><ul><ul><ul><li>Griffiss Intl. Airport </li></ul></ul></ul><ul><ul><li>Tax Exempt Bond Financing </li></ul></ul><ul><ul><li>Strong Banking Relationships to </li></ul></ul><ul><ul><li>supplement development financing </li></ul></ul><ul><ul><li>Proposed Modification to PILOT </li></ul></ul><ul><ul><li>Allocation Agreement – Family Dollar </li></ul></ul><ul><ul><li>(County Portion) to support Marcy </li></ul></ul><ul><ul><li>NanoCenter development </li></ul></ul>Sovena USA The Hartford Griffiss Intl. Airport
    21. 22. Marketing Strategic Sites/Facilities New Hartford Business Park Former Bossert site East Rome Industrial Park Griffiss Business Park
    22. 23. EDGE Advocacy Successes <ul><li>BRAC 2005 Victory! </li></ul>DFAS SAVED & New Jobs Added (1,140 jobs to date) ! AFRL Information Directorate Made Whole!
    23. 24. <ul><li>NYRI Opposition </li></ul><ul><ul><li>Coordinated opposition effort to NYRI Power-Line Project </li></ul></ul><ul><ul><li>Provided staff & administrative support for 8 county coalition & 5 citizen group organizations (Communities Against Regional Interconnect (CARI) </li></ul></ul><ul><ul><li>Helped to raise $2.6 M to support coalition </li></ul></ul><ul><ul><li>NYRI forced to withdraw application! </li></ul></ul>EDGE Advocacy Successes
    24. 25. EDGE North America & Global Marketing Efforts 2008 & 2009 & 2010 European Photovoltaic and Solar-Energy Conference and MRO Europa, SemiCon Europa, Germany 2008 & 2009 Sales calls in Switzerland 2009 & 2010 Sales calls in Korea 2007 & 2009 & 2010 Sales calls in Taiwan 2010 Sales calls in Israel 2008 & 2009 Sales calls in Japan 2007 SemiCon China, Sales calls in China 2008 Sales calls in Italy 2008 Sales calls in France 2010 Sales call in Spain 2006-2010 Sales calls & Trade Shows in San Jose, San Francisco, San Diego, Phoenix, Austin & Dallas 2010 Sales calls in Quebec
    25. 26. <ul><li>Griffiss International Airport </li></ul><ul><ul><li>Attend every annual MRO Show since 2000 </li></ul></ul><ul><ul><li>Lead Referrals </li></ul></ul><ul><ul><ul><li>Premier Aviation </li></ul></ul></ul><ul><ul><ul><ul><li>Premier deal was </li></ul></ul></ul></ul><ul><ul><ul><ul><li>negotiated at the </li></ul></ul></ul></ul><ul><ul><ul><ul><li>2010 MRO show in </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Phoenix, AZ </li></ul></ul></ul></ul><ul><ul><ul><li>MRO Suppliers </li></ul></ul></ul>EDGE North America & Global Marketing Efforts
    26. 27. EDGE Small Business Assistance <ul><li>Loan Programs </li></ul><ul><ul><li>Job Development Loan Fund </li></ul></ul><ul><ul><li>Micro-Enterprise Assistance Program </li></ul></ul><ul><ul><li>Rural Development & </li></ul></ul><ul><ul><li>Agri-Business Assistance Program </li></ul></ul><ul><ul><li>Current Active Loans- $4,617,297.73 </li></ul></ul>Delta Hardwoods
    27. 28. <ul><li>Emerging Business Competition </li></ul><ul><ul><li>2010 Winner Bluestone Boiler Corp. </li></ul></ul><ul><ul><ul><li>Environmentally friendly wood gasification boilers for homes </li></ul></ul></ul><ul><ul><li>2009 Winner Darman Manufacturing </li></ul></ul><ul><ul><ul><li>DriGiene® automatic cloth towel dispenser </li></ul></ul></ul><ul><ul><li>2007 Winner Tassleberry Gourmet Food </li></ul></ul><ul><ul><ul><li>Locally made vinegars, marinades, salad dressings and dips from strawberrys grown on the farm </li></ul></ul></ul><ul><ul><li>2006 Winner D&L Movement on the Go </li></ul></ul><ul><ul><ul><li>“ Movement on the Go” a portable therapy game which can be used in 39 different ways </li></ul></ul></ul>EDGE Small Business Assistance
    28. 29. <ul><li>MICRO Enterprise Grant </li></ul><ul><ul><li>$200,000 grant from Office of Community Renewal </li></ul></ul><ul><ul><li>First round awardees: Jack Coleman’s Auto Body, Rustle Bees, Quality Machining Service, Bluestone Boiler Corp. </li></ul></ul><ul><ul><li>Second round awardees: Center State Propane LLC, JDLR Enterprises, CNY Pipeworx </li></ul></ul><ul><ul><li>Third round being completed now </li></ul></ul>EDGE Small Business Assistance
    29. 30. EDGE Workforce Development Initiatives LEAN Graduation Class of 2009 Multi-Manufacturer’s Training Consortia MVCC A & P School 2007/08 Graduating Class mvEDGEucators Program <ul><li>EXPOSE students to job and career opportunities in the region </li></ul><ul><li>INFORM them of skill sets necessary to get those jobs </li></ul><ul><li>EXPLAIN the impact of industries </li></ul><ul><li>Leveraged the assets of Griffiss International Airport & the renovated hangar complex </li></ul><ul><li>Helped the grow the aviation industry cluster in the Mohawk Valley </li></ul><ul><li>Specialized training programs for employees </li></ul><ul><li>Since 2000, 30+ companies have been involved & over 5,000 employees participated! </li></ul>Program can be viewed at
    30. 31. Key Challenges- Moving Forward <ul><li>Combined Sewer Overflow issue & County Consent Order: </li></ul><ul><ul><li>Impact on Marcy NanoCenter at SUNYIT & Other Economic Development Initiatives in Eastern Oneida County </li></ul></ul><ul><li>Marcy NanoCenter at SUNYIT </li></ul><ul><ul><li>Financing Support </li></ul></ul><ul><li>Regional Funding Mechanism for Economic Development </li></ul><ul><ul><li>Schenectady Metroplex Funding Model </li></ul></ul><ul><ul><ul><li>0.5% county sales tax to capitalize economic development </li></ul></ul></ul>
    31. 32. EDGE ties together a coordinated economic development effort in the region