Record of success 2011
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Transcript of Record of success 2011
Mohawk Valley EDGERecord of Success
2011
Attract
Assist
Act
EDGE Annual Plan
Premier Aviation
The Hartford
Assured Information Security
EDGE Mission: Strengthen and Grow the Economy of the Mohawk Valley
Bartell MachinerySovena USA
ECR International
What does EDGE do?
*each entity is a separate corporation/agency with a separate board of directors and unique financial statements*each entity is a separate corporation/agency with a separate board of directors and unique financial statements
• New Business Attraction• Strategic Site Development• Business Outreach•Capital Projects• Loans & Project Financing• Global Marketing•Grants & Grant Administration• Brownfield Development• Real Estate Management• Empire Zone Administration• Fundraising• Public Advocacy• Community Outreach• Staff Services/Administrative Support•Management of Subsidiary Corporations
•394 Hangar Road Corp.•5900 Success Drive Realty, LLC
Griffi
ss Lo
cal D
evel
opm
ent C
orp.
Utica Industrial Development Corp.
Oneida County Industrial Development Agency
Herkimer County Industrial Development AgencyRome Industrial Development Corp.
Rome Com
munity Brownfield Restoration Corp.
•Real Estate Development & Management for GBTP
•Capital Projects•Cardinal Griffiss Realty, LLC•Griffiss Park Landowners Assn.•Griffiss Institute -2 members: EDGE & GLDC•$458,913 Staff Services Agreement
•25% of EDGE Revenue
•Global Marketing in specific Industry Clusters
•Project Assistance•Proposed $30,000 Staff Services Agreement
•2% EDGE Revenue
Who does EDGE provide services to?GLDC*
UIDC*
OCIDA*
HCIDA*
RIDC*
RCBRC*
Coordinated Economic Development Effort of EDGE
Mohawk Valley EDGE Board Representation58 Member Board of Directors
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.
EDGE Table of Organization
EDGE 2009 Audited FinancialsRevenues
*2009 General Administration Operating Budget- $1,839,944
EDGE 2009 Audited FinancialsExpenses
*2009 General Administration Operating Budget- $1,839,944
1997-Present EDGE Strategic Impact in Mohawk Valley
Preserving the Air Force Research Lab
Classification Number of Employees
Payroll
Civilians 748 $70,236161
On-site Contractors
515 $53,487,524
Total 1,319 $130,659,369
Grand Total Annual Economic Impact Estimate for Five-County Regional Impact Area:
$278,709,195*2009 AFRL Economic Impact Report
1997-Present EDGE Strategic Impact in Mohawk Valley
Preserving the Air Force Research LabCurrently 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
EDGE Led Business Assistance Activities
EDGE Real Estate Projects- Brownfields
General Cable Site• 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.
• 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!
Before
After
• Rome Cable Site– 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
– 2010 Environment- Brownfield Project of the Year by American Public Works Association
Before After
EDGE Real Estate Projects- Brownfields
EDGE Real Estate ProjectsGriffiss 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
Family Dollar
Griffiss Business and Technology Park Projects
AIS, Inc.
Premier AviationBAE Systems
Mascoma Corp.
Goodrich Corp.
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
Marcy NanoCenter at SUNYITMarcy 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.
Project Status Update•EDGE, SUNY, SUNY Research Foundation and SUNYIT finalized a Project Development Agreement (PDA)•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:
•Edic bypass road•Water and sewer improvements•Relocation of power lines• Wetlands Mitigation Plan
SUNYIT CAT/QUAD-C Project
65,000 SF Center for Advanced Technology
120,000 SF Computer Chip Commercialization Center
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
EDGE Public Financing Models• Developed innovative public financing approaches for complex
economic development projects– PILOT Increment Financing– New Market Tax Credits– 394 Hangar Road Financing- to benefit
Griffiss Intl. Airport – Tax Exempt Bond Financing– Strong Banking Relationships to
supplement development financing– Proposed Modification to PILOT
Allocation Agreement – Family Dollar(County Portion) to support MarcyNanoCenter development
Sovena USAThe Hartford
Griffiss Intl. Airport
Marketing Strategic Sites/Facilities
New Hartford Business Park
Former Bossertsite
East Rome Industrial Park
Griffiss Business Park
EDGE Advocacy Successes
BRAC 2005 Victory!
DFAS SAVED & New Jobs Added (1,140 jobs to date) !
AFRL Information Directorate Made Whole!
NYRI Opposition– Coordinated opposition effort to NYRI Power-Line Project– Provided staff & administrative support for 8 county coalition & 5 citizen group
organizations (Communities Against Regional Interconnect (CARI)– Helped to raise $2.6 M to support coalition– NYRI forced to withdraw application!
EDGE Advocacy Successes
EDGE North America & Global Marketing Efforts
2008 & 2009 & 2010European Photovoltaicand Solar-Energy Conferenceand MRO Europa, SemiConEuropa, Germany
2008 & 2009Sales calls inSwitzerland
2009 & 2010Sales calls inKorea
2007 & 2009 & 2010Sales calls inTaiwan
2010Sales calls in Israel
2008 & 2009Sales calls in Japan
2007SemiCon China,Sales calls in China
2008 Sales calls in Italy
2008Sales calls in France
2010Sales call in Spain
2006-2010Sales calls & Trade Shows in San Jose, San Francisco, San Diego, Phoenix, Austin & Dallas
2010Sales calls in Quebec
• Griffiss International Airport– Attend every annual MRO Show since 2000– Lead Referrals
• Premier Aviation– Premier deal was negotiated at the 2010 MRO show in Phoenix, AZ
• MRO Suppliers
EDGE North America & Global Marketing Efforts
EDGE Small Business Assistance
• Loan Programs– Job Development Loan Fund– Micro-Enterprise Assistance Program– Rural Development &
Agri-Business Assistance Program
Current Active Loans- $4,617,297.73
Delta Hardwoods
Emerging Business Competition – 2010 Winner Bluestone Boiler Corp.
• Environmentally friendly wood gasification boilers for homes
– 2009 Winner Darman Manufacturing• DriGiene® automatic cloth towel dispenser
– 2007 Winner Tassleberry Gourmet Food• Locally made vinegars, marinades, salad
dressings and dips from strawberrys grown on the farm
– 2006 Winner D&L Movement on the Go• “Movement on the Go” a portable therapy
game which can be used in 39 different ways
EDGE Small Business Assistance
• MICRO Enterprise Grant– $200,000 grant from Office of
Community Renewal– First round awardees: Jack Coleman’s
Auto Body, Rustle Bees, Quality Machining Service, Bluestone Boiler Corp.
– Second round awardees: Center State Propane LLC, JDLR Enterprises, CNY Pipeworx
– Third round being completed now
EDGE Small Business Assistance
EDGE Workforce Development Initiatives
LEAN Graduation Class of 2009
Multi-Manufacturer’s Training Consortia
MVCC A & P School
2007/08 Graduating Class
mvEDGEucators Program
•EXPOSE students to job and career opportunities in the region•INFORM them of skill sets necessary to get those jobs•EXPLAIN the impact of industries
•Leveraged the assets of Griffiss International Airport & the renovated hangar complex•Helped the grow the aviation industry cluster in the Mohawk Valley
•Specialized training programs for employees•Since 2000, 30+ companies have been involved & over 5,000 employees participated!
Program can be viewed at www.cmvh.org
Key Challenges- Moving Forward
• Combined Sewer Overflow issue & County Consent Order:– Impact on Marcy NanoCenter at SUNYIT & Other Economic
Development Initiatives in Eastern Oneida County
• Marcy NanoCenter at SUNYIT– Financing Support
• Regional Funding Mechanism for Economic Development• Schenectady Metroplex Funding Model
• 0.5% county sales tax to capitalize economic development
EDGE ties together a coordinated economic development effort in the region