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Record of success 2011

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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 www.cmvh.org
  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

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