Post on 31-Dec-2016
PROSPECTS | PROGRESS | PARTNERSHIPS
A CAPITAL CAMPAIGN TO
STRENGTHEN ECONOMIC GROWTH
AND VITALITY IN CHEMUNG COUNTY
GROWING
CHEMUNG
COUNTY
TOGETHER
Campaign Leadership
STEG ChairmanArt Ambrose
STEG PresidentGeorge Miner
Jeff Kenefi ck John MeierMike Hosey Jodi Edger
PLATINUM DIVISION CO-CHAIRS GOLD DIVISION CO-CHAIRS
Don Quick Jack Moore Joe ValicentiJohn Potter Bill Beecher
SILVER DIVISION CO-CHAIRS BRONZE DIVISION CO-CHAIRS
Tom O’MaraDan Burke Scott Welliver Tom SantulliJohn Gough
HONORARY DIVISION CO-CHAIRS
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“STEG has been an important part of our community for over 75 years. Economic
development in the next fi ve years will be crucial in setting the direction our area
will take and the accomplishments we can cr eate for the next several decades.
STEG is positioned to pr omote the gr owth and vitality of our r egion with its
extensive experience in working with both the public and private sectors. Y our
investment in STEG will help the Souther n Tier continue to be a leader in job
retention and creation, workforce development, and new business attraction.”
Jan van den Blink, Chairman & CEO | The Hilliard Corporation
“Today’s economic climate has cr eated a tremendous amount of competition
among communities to attract new industry and gr ow existing business.
Chemung County r equires a str ong professional organization like STEG
working to pursue and secur e opportunities to impr ove our community .
It is up to us—the business leaders and business owners—to invest
in STEG’s economic development efforts.”
Ronald Bentley, President & CEO | Chemung Canal Trust Company
A Message from the Campaign Co-Chairs
MISSION
SOUTHERN TIER ECONOMIC GROWTH STEG IS A PUBLIC
PRIVATE NOTFORPROFIT ECONOMIC DEVELOPMENT
ORGANIZATION WHOSE MISSION IS THE GROWTH AND
ADVANCEMENT OF CHEMUNG COUNTY, NEW YORK.
STEG DELIVERS PROSPERITY AND VITALITY IN CHEMUNG
COUNTY THROUGH THE PLANNING, PROMOTION AND
IMPLEMENTATION OF ECONOMIC DEVELOPMENT INITIATIVES.
RECOGNIZED FOR EXCELLENCE IN NEW YORK STATE AND THE
NORTHEAST, STEG STRIVES TO CREATE MEANINGFUL JOBS AND
PURPOSEFUL CAPITAL INVESTMENT, RESULTING IN A STRONG
AND DIVERSE LOCAL ECONOMY.
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STEG proposes an aggr essive economic gr owth plan to guide its work through 2016. PROSPECTS | PROGRESS | PARTNERSHIP 2012-2016 outlines how STEG will increase local employment by 1,500 primary high-wage jobs averaging $40,000 annually, as well as 700+ indir ect jobs, resulting in a total of 2,200+ jobs created over the next fi ve years.
Developed with input fr om over 60 community and business leaders interviewed by Convergent Nonprofi t Solutions, this fi ve-year plan focuses strongly on economic development as the basis to improve our region’s quality of life and to pr omote job creation. Endorsed by key STEG members and supporters, the plan will pr ovide a signifi cant
and positive impact on Chemung County and the surrounding region, along with an impressive Return On Investment (ROI) to its investors.
As a member of the private sector , you have a key role in the success of this fi ve-year plan. The PROSPECTS | PROGRESS | PARTNERSHIP 2012-2016 Capital Campaign has set a fundraising goal of $1.4 million fr om the private sector to ensure that STEG has the r esources necessary to fully implement this plan. Please r ead on to learn more about this fi ve-year plan. W e are certain you will see its value and pledge your fi nancial support.
Planning for the Future of Chemung County
Initiative 1: BUSINESS RETENTION & EXPANSION
– Proposed Five-Year Budget $1,150,000
STEG will employ a Business Retention Specialist to assist and help grow existing businesses in Chemung County
■ Implement a comprehensive call and visitation program.
■ Build a business community with increased awareness and
networking opportunities.
Annual meetings and surveys of all manufacturers and major employers to assess their needs and concerns
■ Learn current and emerging challenges and opportunities for local
companies, area industries, and the region.
■ Identify “at-risk” companies early and initiate retention efforts.
Recognize local employers annually through events, forums, and marketing venues
■ Prepare and publish a quarterly economic development newsletter.
Create and maintain a business retention action team
■ The team will be comprised of STEG staff, board members, community
leaders, state and federal agencies and affi liates, two- and four-year
colleges, universities, utility companies and others.
■ The retention team will address any business issues or needs that may
arise as well as conduct training sessions.
Advocate for business interests with local, state and federal governments
■ Provide industry and business-specifi c information to make a
positive impact.
Five Initiatives for Success
STEG proposes to implement the following aggressive, fi ve-year plan to grow our local economy, at a total cost of $2.9 million. $1.5 million of this cost will come from STEG traditional funding sources in the public sector. The balance—$1.4 million—must come from the private sector to ensure full implementation of the plan.
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Initiative 2: BUSINESS ATTRACTION – Proposed Five-Year Budget $1,000,000
Aggressively promote the region and seek new businesses
■ Focus on the area’s primary industry clusters: Transportation, Ceramics/
Advanced Materials, Metal Fabrication, Natural Gas Technology,
Distribution/Logistics and Healthcare.
■ Initiate meetings with corporate decision-makers, site location consultants,
national and international real estate brokers and developers.
■ Attend and participate in trade shows, conferences and seminars that
relate directly to select target industries.
Market the community’s assets to regional, national and international site selection and business location specialists
■ Produce up-to-date and comprehensive marketing materials.
■ Conduct national and international prospect development trips.
Update and operate a “one-stop” economic development center
■ Provide information on demographics, labor force, transportation,
utilities, government, taxes, business incentives, education, training and
service programs.
■ Promote global awareness of Chemung County and the region.
Initiative 3: WORKFORCE INVESTMENT
& DEVELOPMENT
– Proposed Five-Year Budget $500,000
Employ an economic development specialist
Strengthen communications and information between businesses and education/training providers
■ Through the comprehensive visitation program, determine training
and educational needs and evaluate the strengths, weaknesses and
opportunities of local business.
Continue to serve in a leadership capacity on regional workforce training boards and educational institutions
■ Provide insight to local educational institutions as to the types and scope
of workforce education and training needed by local business and industry.
Continue oversight of the Academic and Workforce Development Center in Elmira
■ Raise awareness and encourage programs such as job shadowing, tours
with local industries, and Bring Your Child to Work Day, in conjunction with
Workforce New York and local schools.
Initiative 4: ECONOMIC DEVELOPMENT PLANNING – Proposed Five-Year Budget $150,000
Implement a visitation program with area real estate developers and brokers
■ Identify and assess sites in order to have an enhanced and current
inventory for expanding and relocating businesses.
Upgrade and extend public and private infrastructure
■ Work with area utilities, developers, municipal planners and engineers.
■ Work with municipalities to plan, build and maintain transportation
infrastructure that supports business.
Broker government and community economic development incentives and programs
■ Promote and support entrepreneurial endeavors.
Five Initiatives for the Future Continued
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Support, participate and lead regional economic development efforts
■ Provide staff to the Chemung County Industrial Development Agency.
■ Serve on the Southern Tier Regional Economic Development Council.
Assess ways to reuse existing, vacant and/or underutilized buildings and sites for new viable purposes that support community development.
Initiative 5: INVESTOR RELATIONS & DEVELOPMENT – Proposed Five-Year Budget $100,000
Conduct a comprehensive capital campaign
■ Secure private resources to fund STEG’s fi ve-year strategic initiative to
grow Chemung County’s economy.
Continue proactive communication with investors
■ Hold council briefi ngs and discussion meetings.
■ Expand information channels to include newsletters, periodic reports
and special events.
Maintain a lean and agile organization
■ Continue to partner with regional workforce, planning and development
organizations.
Administer and promote loan programs to benefi t small businesses in Chemung County and the region
■ Share space with the Chemung County Planning Department, Worker
Owner Resource Center, Elmira Downtown Development, Elmira-Chemung
Transportation Council and the Chamber of Commerce.
Invest in technology to assist with the delivery of services in a professional and comprehensive manner
■ Secure appropriate state-of-the-art hardware and software.
Maintain a positive fi rst and lasting impression of Chemung County and the Southern Tier Region
Take a look at the true value of the economic development efforts outlined in the STEG PROSPECTS | PROGRESS
| PARTNERSHIP 2012–2016. According to estimates calculated by Convergent Nonprofi t Solutions’ Outcomes Lab,
the economic impact on Chemung County businesses after boosting employment by 1,500 direct, high-wage jobs
averaging a $40,000 annual salary over the next fi ve years will have a signfi cant multiplier effect:
Receive a Great Return on Your Investment
ROI Information Summary
1,500 Primary jobs
706 Secondary jobs
$19.51 Primary job hourly pay
$76,080,000 Annual total earnings
$42,054,210 Annual area consumer expenditures
$6,573,971 Annual deposits in area banks
$1,816,526 Annual sales tax generated
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Consumer Expenditures
How the money will likely be spent based on earnings level of target jobs:
Area Expenditures Annual Amounts
Groceries $3,669,555
Restaurants $2,341,629
Alcoholic Beverages $372,012
Housing $13,554,961
Apparel and Services $1,809,495
New Car & Truck Sales $1,769,766
Health Care $2,961,649
Entertainment $2,097,233
Personal care products and services $544,173
Reading $126,412
Education $384,255
Tobacco Products $388,867
Miscellaneous $656,138
Cash Contributions $1,370,064
Personal insurance and pensions $3,383,022
Natural Gas & Electricity $1,626,499
Program FundingAs a true public-private partnership established in 1934,
STEG receives funding from both the public and private
sectors. Public sector resources come to STEG from the
County of Chemung and the local municipalities within its
geographic boundaries. Private sector support will come
from the PROSPECTS | PROGRESS | P ARTNERSHIP
2012–2016 Capital Campaign.
STEG’s funding covers operational expenses such
as salaries, supplies, contracted services, dues and
subscriptions, and travel and lodging; as well as
extraordinary expenses such as marketing, pr oduct
development, project assistance, and investments.
Please note that STEG is a 501(c) (6) not-for -profi t
organization. As such, pledges ar e not deductible as
charitable contributions on the investor’s federal income
tax return. They may be deductible as trade or business
expenses if ordinary and necessary in the conduct of the
taxpayer’s business. Please consult your fi nancial advisor
for clarifi cation.
Program Oversight and AccountabilityInvestors in the community look to STEG to pr oduce
measurable results that have a positive impact and provide
a defi ned return on their investment. STEG will establish
the PROSPECTS | PROGRESS | PARTNERSHIP 2012–
2016 Oversight Committee comprised of select major
investors who will oversee program implementation and
maintain plan accountability.
Through the duration of the plan, STEG will inform all
investors of its activities and pr ogress using a detailed
series of newsletters, periodic r eports and special
events. In addition, investors can call with questions
and suggestions that arise during the implementation of
the plan.
In ConclusionBusinesses employ a process of elimination to determine
their optimal location based on fi nancial and operational
analyses considering risks and pr ofi tability. Successful
communities are those best pr epared to r educe or
remove uncertainties and offer competitive opportunities
to relocate, expand and prosper. Time and again, STEG
continues to make the case that Chemung County is a
successful and viable community for business.
By joining together and investing $1.4 million in STEG
over fi ve years, leaders from the private sector will help to
ensure STEG’s continued success and to create 2,200+
new jobs that will have a signifi cant and enduring positive
impact on our community:
■ $76,080,000 in total payroll per year
■ $42,054,210 in personal expenditures per year
■ $1,816,526 in local sales tax per year
■ $6,573,971 in area deposits for Chemung County
banks per year
Your pledge in support of the PROSPECTS | PROGRESS
| PARTNERSHIP 2012–2016 Capital Campaign will help
STEG reach its fundraising goal of $1.4 million. Thank
you for your consideration and investment in the futur e
of our community.
Your Help Is Needed
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STEG has done a good job of pooling all the
resources and working collaboratively with political
parties. The staff is excellent with follow through and
the board provides fi nancial support and advocates
economic development helping spread the word in
the community.
Mike Hosey – President and CEOElmira Savings Bank FSB
Chemung County is a great location with tremendous
assets in existing businesses and natural resources.
STEG’s focus on these resources in their economic
development plan will be benefi cial to ever yone in
the region.
Marc Stemerman – PresidentChemung Supply Corporation
STEG has done such a good job of supporting and
promoting our community and working hard to grow
the local economy that I would not even consider not
supporting their efforts. If we don’t, who will?
Rob McKinnon – CEOElm Chevrolet Company
On a scale from one to ten, I would rate STEG a 12.
They have a good board and good people ser ving as
offi cers. STEG has continued to get better over time.
Dr. Tom Meier – PresidentElmira College
STEG is an outstanding organization and has always
done a wonderful job. They have a good group of
core people involved in the organization and do a
good job shaking the bushes. Larry Foor – Principal
Foor & Associates Architects
“THE KEYS TO A SUCCESSFUL ECONOMIC DEVELOPMENT
STRATEGY IS SUSTAINING STRONG RELATIONSHIPS WITH
BUSINESSES THAT HAVE ALREADY INVESTED IN OUR COMMUNITY,
ENHANCING THE SKILLS OF THE REGION’S LABOR FORCE TO
MEET THE NEEDS OF THESE BUSINESSES, AND STRENGTHENING
THE AVAILABLE RESOURCES BUSINESSES NEED TO COMPETE IN
A COMPETITIVE GLOBAL ECONOMY, ALL WHILE KEEPING THE
REGION A SUPERIOR PLACE TO LIVE.”
GEORGE MINER, President
SOUTHERN TIER ECONOMIC GROWTH
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Steven E. Agan, Esq., PartnerSayles & Evans
Arthur D. Ambrose, Manager & Associate BrokerRealty USA
Michael Atchie, Local Government Specialist Chesapeake Energy Corporation
Joan L.S. Ballinger, Executive DirectorWorkforce Development & Community EducationCorning Community College
William H. Beecher, PresidentLinn S. Chapel Company
Ronald Bentley, President & CEOChemung Canal Trust Company
John S. Booth III, Vice PresidentI. D. Booth Inc.
John J. Burin, Jr, City ManagerCity of Elmira
Charles Burke, Vice PresidentSwift Glass Company Inc.
Daniel J. Burke, PresidentSwift Glass Company
Dawn Burlew, Manager Business DevelopmentCorning Enterprises
Teresa M. Dean, Town SupervisorTown of Big Flats
Daniel F. Dimon, Jr., Vice PresidentDimon & Bacorn, Inc.
Jodi Edger, PresidentEdger Enterprises of Elmira
Michael Edwards, SupervisorTown of Horseheads
Arne C. Feyling, Plant ManagerKennedy Valve
John T. Gough, ChairmanGough Holding Corporation
Thomas Gough, PresidentGough Holding Corporation
Gary Grinnell, PresidentCorning Federal Credit Union
Michael Heine, Vice President & General ManagerVulcraft of New York Inc.
Walter Herbst, Village ManagerVillage of Horseheads
Michael P. Hosey, President & CEOElmira Savings Bank, FSB
George L. Howell, ChairmanF. M. Howell & Company
William E. Huffner MD, Chief Medical Offi cer & Arnot Ogden Medical Center/St. Joseph’s Hospital
Ron Johnson, President/CEOCameron Manufacturing & Design
Kevin D. Keeley, President/CEOChemung County Chamber of Commerce
Jeffrey P. Kenefi ck, Regional PresidentFive Star Bank
Ronald Lerner, Plant ManagerSynthes USA
George Maloney, PresidentPal’s Sports Center
Daniel Manual, Vice PresidentPerry & Carroll Insurance
Michael J. Manzari, Managing DirectorPyramid Brokerage Company
Ralph Marino, Jr., SuperintendentHorseheads Central School District
Kevin McGurgan, Regional PresidentExcellus BlueCross BlueShield
Robert B. McKinnon, CEOElm Chevrolet Company
John Meier, PresidentMeier Industries
Thomas K. Meier, PresidentElmira College
Martin Metzger, PresidentSilicon Carbide Products Inc.
Cornelius J. Milliken, Chairman Chemung County Legislature
John V. Moore, Esq., PartnerMoore & Woodhouse LLP
Scott D. Moore, PartnerMoore & Woodhouse LLP
Michael Mustico, PresidentThe Mustico Financial Group
Daniel P. O’Connell, PresidentSwan & Sons-Morss Company Inc.
Daniel P. Panosian, PresidentArnot Realty Corporation
Robert L. Pass, Regional ManagerNew York State Electric & Gas
Roger C. Phillips Jr., Engineering & Support ManagerBelden Inc.
John F. Potter, PresidentSeneca Beverage Corporation
Michael Printup, PresidentWatkins Glen International
Donald G. Quick, Jr. PartnerMengel, Metzger, Barr & Company
George Richter, Town SupervisorTown of Chemung
William Roe, Corporate SecretaryHunt Engineers, Architects & Land Surveyors
Joseph Roman, Economic Development Specialist IINew York State Empire State Development
Daniel Rourke, PresidentFirst Heritage Federal Credit Union
Thomas J. SantulliChemung County Executive
William Shaffer, General Manager Sikorsky Aircraft Corporation
David J. Sheen, Town SupervisorTown of Southport
Mark J. Smith, Vice President of US OperationsCAF USA Inc.
Michael J. Sopp, General ManagerAnchor Glass Container Corporation
Jerald M. StemermanChemung Supply Corporation
Marc Stemerman, PresidentChemung Supply Corporation
Mark Stensager, President & CEOGuthrie Healthcare System
Jeffrey B. Streeter, PresidentStreeter Associates Inc.
Richard W. Swan, ChairmanSwan & Sons-Morss Company
Douglas C. TifftSenior Vice President AdministrationHardinge Inc.
Joseph M. Valicenti, President & COOValicenti Advisory Services
Arie “Jan” van den Blink, Chairman & CEOThe Hilliard Corporation
Nelson Mooers van den Blink, RetiredThe Hilliard Corporation
Kirk Vieselmeyer, PresidentElmira Structures, Inc.
Peter C. Wallin, PresidentWallin Insurance Agency, Inc.
Stephen Welliver, Vice President of ProcurementWelliver
Gareth O. Wick, PresidentG. O. Wick, Inc.
STEG Board of Directors