STATUS · ESD Quarterly Report: 2nd Quarter of Fiscal Year 2017-18 1 S TATUS R EPORT : 2 ND Q...

ESD Quarterly Report: 2nd Quarter of Fiscal Year 2017-18 1

STATUS REPORT: 2ND QUARTER FISCAL YEAR 2017-18

As required by statute, this report contains the status of economic development programs administered by the Urban Development Corporation, doing business as the Empire State Development Corporation (“ESD”). Funding for the projects listed herein was approved by ESD during the 2nd Quarter of Fiscal Year 2017-18 (July 1 through September 30). During this period, ESD approved 109 awards to 96 companies or organizations for 105 projects totaling $215,872,588 in funding commitments. These projects will retain 3,148 jobs, create 776 jobs and leverage $364,004,684 in private or other public sector investment.

Contents

Introductory Information: Economic Development Programs: Appropriation Categories Section 1: Cumulative Summary of Commitments and Disbursements by Appropriation Cumulative Summary of Commitments by Appropriation: Project List Cumulative Summary of Disbursements by Appropriation: Project List Section 2: Geographic Distribution of Approved Projects Geographic Distribution of Approved Projects: Project List Section 3: Job Creation and Retention Job Creation and Retention: Project List Section 4: Impact of Approved Projects on Distressed Urban and Rural Communities,

Small- and Medium-sized Businesses and Strategic Industries Distressed Urban and Rural Communities: Project List Small- and Medium-sized Businesses: Project List Strategic Industries: Project List Appendix Benefit Cost Evaluations New York State Map: Location and Amount of Commitments


ECONOMIC DEVELOPMENT PROGRAMS: APPROPRIATION CATEGORIES

Projects in the report are funded from the appropriation (and reappropriation) categories listed below, including the Fiscal Year(s) (“FY”) of appropriations.

Buffalo Regional Innovation Cluster – an appropriation to support economic development programs in the

City of Buffalo and surrounding areas.

Community Development Financial Institution Program – an annual appropriation that provides micro-loans to businesses that do not qualify for bank loans as well as one-on-one counseling and business development assistance to facilitate credit-readiness.

Economic Development Purposes Fund – an appropriation that made $31.18 million of funding available in 2016-17 for business investment, job creation, promotion of tourism, domestic and international trade missions, and economic growth investment initiatives.

Economic Development Initiatives Program – a $2 million annual appropriation to provide assistance to

companies and not-for-profit organizations to increase the export of New York’s products and services to foreign markets. Grants are made to help New York State’s private sector identify and develop export markets and increase their sales, thereby creating and retaining jobs.

Empire State Economic Development Fund – created in 1996, and generally funded annually, this

appropriation provides assistance for projects that promote the economic health of New York State by facilitating the creation or retention of jobs or the increase of business activity.

Economic Transformation Program – a $50 million appropriation created as part of the FY 2011-12 budget and a $32 million appropriation in the FY 2016-2017 New York State budget to assist communities affected by closures of the state's correctional and juvenile justice facilities.

Entrepreneurial Assistance Program – two annual appropriations that establish and maintain Entrepreneurial

Assistance Program Centers in local communities to provide instruction, training, technical assistance, and support services to individuals who have recently started their own business or are interested in starting a business.

Market NY Program – an annual appropriation awarded through the Regional Council Consolidating Funding

Application process, to support regionally themed, New York focused projects to help to bolster tourism growth by promoting tourism destinations, attractions, and special events.

Minority and Women-owned Business Development and Lending Program – an annual appropriation that

provides financial assistance to minority- and women-owned business enterprises via loan funding.

New NY Broadband Program – a $500 million appropriation to support broadband deployment to Unserved and Underserved areas of the State, at Internet speeds of at least 100 megabits per second (Mbps) (download) in most places, and 25 Mbps (download) in the most remote parts of the State.

New York Life Science Initiative Fund – A $320 million appropriation in the FY 2017-2018 budget to spur the

growth of a new, world-class life science research cluster in New York, as well as expand the state’s ability to commercialize this research and grow the economy.


ECONOMIC DEVELOPMENT PROGRAMS: APPROPRIATION CATEGORIES CONTINUED

New York Power Authority (“NYPA”) Craft Beverage Marketing Program – An appropriation established in FY 2014-2015, under Section 19 of Part I of Chapter 55 of the State Law, allowing the Power Authority of the State of New York to make a contribution of up to $90 million to the State Treasury, a portion of which was directed to the credit of ESD in furtherance of ESD’s Statewide economic development initiatives. The program will support marketing initiatives that target craft beverage businesses located within the Central New York region to increase the profile, awareness and sales of Central New York produced wine, beer, spirits, and hard cider.

New York Works Economic Development Fund – an annual appropriation to support economic development.

Regional Council Capital Fund – an appropriation established under the Governor’s Regional Economic Development Council Initiative to support capital-based economic development initiatives intended to create or retain jobs, prevent or reduce unemployment and underemployment and to increase business activity in a community or region.

Restore New York Communities Initiative – a $300 million appropriation, awarded over three years (FY 2006-

07, FY 2007-08, and FY 2008-09), that aids municipalities with real property in need of demolition/deconstruction, rehabilitation or reconstruction for both commercial and residential property. In addition, the FY 2017-18 budget has identified a $70 million appropriation for the program.

Strategic Projects Program – A $207.5 million appropriation created as part of the FY 2017-2018 budget to cover services and expenses, loans, and grants, related to strategic economic development projects and initiatives of the SUNY Polytechnic Institute Colleges of Nanoscale Science and Engineering.

Upstate Agriculture Economic Development Program – a $25 million appropriation to reduce the cost of financing the construction, expansion or renovation of agricultural economic development projects, to support activities related to the retention of existing farmers and the recruitment of new farmers, and to increase the number of food markets providing affordable and nutritious foods in underserved areas.

Upstate Regional Blueprint Fund – a one-time appropriation of $120 million enacted in FY 2008-09 to promote economic development in upstate New York by facilitating the creation and retention of jobs or other economic activity by providing financial assistance via a Request for Proposals process.

Upstate Revitalization Initiative - The New York Upstate Revitalization Initiative (URI) is part of an overall

program aimed at systematically revitalizing the economy of Upstate New York. Modeled after the success of the Buffalo Billion Initiative, the URI is an opportunity for the communities of upstate New York to address the economic challenges of their regions and work together in bringing jobs back upstate.

Urban and Community Development Program – an annual appropriation that promotes economic development by encouraging economic and employment opportunities in targeted communities and urban areas.


SECTION 1: CUMULATIVE SUMMARY OF COMMITMENTS AND DISBURSEMENTS

Cumulative Summary of Commitments by Appropriation

Commitments are broken down by appropriation category and detail the total funding commitments approved by ESD during the 2nd Quarter of FY 2017-18. Appropriation Amount

Buffalo Regional Innovation Cluster $15,000,000

Economic Development Purposes Fund $500,000

Economic Development Initiatives $55,491

Empire State Economic Development Fund $3,195,520

Entrepreneurial Assistance Program $1,955,160

Market New York Program $3,101,349

Minority and Women-Owned Business Development

and Lending Program $600,000

New NY Broadband Program $48,638,263

New York Works Economic Development Program $150,000

NYPA Craft Beverage Marketing Program $136,516

New York Life Science Initiative Fund $17,000,000

Regional Council Capital Fund $24,648,000

Restore New York Communities Initiative $2,463,500

Strategic Projects Program $38,500,000

Upstate Agriculture Economic Development Program $1,632,000

Upstate Revitalization Initiative Fund $58,200,000

Urban and Community Development Program $96,789

TOTAL $215,872,588


Cumulative Summary of Commitments by Appropriation: Project List (p.1)

Project Name Total Commitment

Buffalo Regional Innovation Cluster

Edison Welding Institute Working Capital 2017 15,000,000$

Subtotal 15,000,000$

Economic Development Purposes Fund

High Tech Workforce Hub - Working Capital 500,000$

Subtotal 500,000$

Economic Development Initiatives Program

Center for Economic Growth Working Capital 13,139$

Plattco Working Capital 11,534$

Study New York Working Capital 17,123$

The Omnicon Group Working Capital 13,695$

Subtotal 55,491$

Empire State Economic Development Fund

CMP Advanced Mechanical Solutions Capital 250,000$

Cornell Industrial Hemp Working Capital 900,000$

DRT Power Systems Capital 150,000$

Midwestern Pet Foods Capital 500,000$

Morrisville Industrial Hemp Working Capital 46,020$

Polich Tallix Capital 475,000$

SAES Smart Materials Capital 100,000$

San Francisco 2016 Bio Show Working Capital 24,500$

The New York Stem Cell Foundation Capital 500,000$

Tulip Molded Plastics Capital 250,000$

Subtotal 3,195,520$

Entrepreneurial Assistance Program

ACCORD Entrepreneurial Assistance Program Center 17-18 81,465$

Adirondack EDC Entrepreneurial Assistance Program Center 17-18 81,465$

Bedford Stuyvesant Restoration EAP Center 17-18 81,465$

Binghamton LDC Entrepreneurial Assistance Program Center 17-18 81,465$

Business Training Institute Entrepreneurial Assistance Program Center 17-18 81,465$

CAMBA Entrepreneurial Assistance Program Center 17-18 81,465$

Capital Region Chamber Entrepreneurial Assistance Program Center 17-18 81,465$

Chinatown Manpower Project- Business Outreach Center EAP 17-18 81,465$

Hofstra University Entrepreneurial Assistance Program Center 17-18 81,465$

Hot Bread Kitchen Entrepreneurial Assistance Program Center 17-18 81,465$

IBERO / Medaille College at Buffalo EAP Center 17-18 81,465$

IBERO Waverly Entrepreneurial Assistance Program Center 17-18 81,465$



Entrepreneurial Assistance Program Continued


Local Development Corp of ENY EAP Center 17-18 81,465$

Queens Corona/Jamaica Entrepreneurial Assistance Program Center 17-18 81,465$

Queens EDC Entrepreneurial Assistance Program Center 17-18 81,465$

Renaissance EDC Entrepreneurial Assistance Program Center 17-18 81,465$

SoBRO Entrepreneurial Assistance Program Center 17-18 81,465$

SoBRO Venture Entrepreneurial Assistance Program Center 17-18 81,465$

Southside Innovation Entrepreneurial Assistance Program Center 17-18 81,465$

Suffolk County Comm. Coll. Entrepreneurial Assistance Program Center 17-18 81,465$

Urgban League of Rochester Entrepreneurial Assistance Program Center 17-18 81,465$

Washington Heights Inwood Entrepreneurial Assistance Program Center 17-18 81,465$

Womens Enterprise Development Poughkeepsie EAP Center 17-18 81,465$

Womens Enterprise Development Westchester EAP Center 17-18 81,465$

Subtotal 1,955,160$

Market New York Program

25th New York State Blues Festival Working Capital 30,000$

Baseball Hall of Fame Museum Working Capital 333,750$

Brand USA NYS International Cooperative Working Capital 375,091$

Campground Owners of New York Working Capital II 247,347$

Erie Canal Water Trail Working Capital 182,936$

Greene County Bike Ride Center Working Capital 75,000$

Historic Hudson Valley Great Jack O’Lantern Blaze Working Capital 159,937$

Historic Thayer Hotel at West Point Working Capital 356,725$

MWPAI Celebrates the Arts of New York Working Capital 110,534$

Rochester Fringe Festival 2017 Working Capital 300,500$

Simpleview Website Working Capital 75,000$

Sullivan County O&W Rail Trail Working Capital 22,500$

Tenement Museum Under One Roof Working Capital 204,600$

The Strong Museum of Play Working Capital 201,146$

Tough Mudder (2 Commitments) 250,000$

Waterfront-A Special Exhibit Working Capital 176,283$

Subtotal 3,101,349$

Minority and Women-Owned Business Development and Lending Program

BOC MWBE Business Growth Accelerator Working Capital 150,000$

Hofstra University Certification Assistance Program Working Capital 75,000$

Syracuse University South Side Innovation Center Working Capital 150,000$

Towne, Ryan & Partners Certification Assistance Program Working Capital 75,000$

Women's Enterprise Development Center Working Capital 150,000$

Subtotal 600,000$




New NY Broadband Program

ATC Phase 2 Broadband Capital 13,204,320$

ATI Phase 2 Area 1 Broadband Capital 15,770,110$



Barrier Beach Broadband Capital 867,281$


New York Works Economic Development Fund

Baldwinsville-Seneca Knolls Wastewater Treatment Plant Capital 150,000$

Subtotal 150,000$

NYPA Craft Beverage Program

Arrowhead Springs Vineyards Craft Beverage Marketing Capital 32,820$

New York City Brewer’s Guild 2016 Beer Week Working Capital 8,696$

New York State Wine and Grape Foundation Taste NY Working Capital 95,000$

Subtotal 136,516$

New York State Life Science Initiative Fund

New York Genome Center Life Science Capital 17,000,000$


Regional Council Capital Fund

ASP Partners Capital (2 Commitments) 200,000$

BioBAT Capital 300,000$

Boyce Technologies Capital 1,000,000$

Camillus Mills Redevelopment Capital 500,000$

East/West Industries Capital 200,000$

Erie 1 BOCES Welding Capital 25,000$

Excellus 2014- Paradise Companies II Capital 2,315,000$

GSE Dynamics ADDAPT Capital 200,000$

Hudson River Housing Poughkeepsie Capital 850,000$

John Mezzalingua Associates Capital 5,000,000$

Knowles Cazenovia(formerly Dielectric Laboratories) CAPITAL 500,000$



Regional Council Capital Fund Continued


Lowville Producers Improvements Capital 48,000$

Plattsburgh Airport Renovations Building 2774 Capital 100,000$

Plattsburgh Airport Terminal Capital 4,500,000$

Richfield Commerce Park Capital 150,000$

Stony Brook University Next Generation Drug Discovery Facility Capital 500,000$

The Center for Discovery Capital 2,500,000$

Warwick Valley Wine Co. Capital 160,000$

Watkins Brewery Holdings Capital 800,000$

Wyandanch Rising (2 Commitments) 4,800,000$


Restore NY Communities Initiative

Camillus - RESTORE III - Downtown Redevelopment 2,343,500$

Silver Street Rehab RESTORE IV 120,000$

Subtotal 2,463,500$

Strategic Projects Program

NFX Capital 38,500,000$


Upstate Agriculture Economic Development Fund

GrowNYC Capital 1,632,000$

Subtotal 1,632,000$

Upstate Revitalization Initiative Fund

FlexTech Alliance Capital 20,000,000$

Incodema URI Capital 400,000$

North American Breweries Capital Phase (2 Commitments) 5,000,000$

Northeast UAS Airspace Integration Research Alliance Capital 30,000,000$

Prima Terra - Crossroads New Hampton Inn and Out Parcels 1,000,000$

Town of Nichols Capital 1,800,000$


Urban and Community Development Program

City of Plattsburgh Durkee Street Feasibility Capital 30,000$

Pace University & City of Poughkeepsie Working Capital 25,000$

Village of Carthage Wastewater Working Capital 20,000$

West Canada Creek Flood Mitigation Working Capital 21,789$

Subtotal 96,789$

Total 215,872,588$


SECTION 1: CUMULATIVE SUMMARY OF COMMITMENTS AND DISBURSEMENTS

Cumulative Summary of Disbursements by Appropriation

Disbursements are broken down by appropriation category and detail the total funding disbursements made during the 2nd Quarter of FY 2017-18 for funding commitments previously approved by ESD.

Appropriation Disbursements

Buffalo Regional Innovation Cluster $8,436,876

Community Development Financial Institution $275,500

Economic Development Initiatives Program $23,967,123

Economic Development Purposes Fund $653,534

Economic Transformation Program $2,780,758

Empire State Economic Development Fund $3,891,250

Entrepreneurial Assistance Program $136,516

Market New York Program $1,079,159

New NY Broadband Program $2,973,254

New York Works Economic Development Fund $5,431,264

NYPA Craft Beverage Marketing Program $223,430

Regional Council Capital Fund $13,241,014

Restore New York Communities Initiative $1,042,520

Upstate Revitalization Initiative $77,330,172

Urban and Community Development Program $498,676

TOTAL $141,961,046


Cumulative Summary of Disbursements by Appropriation: Project List (p. 1)

ProjectName Total Commitment

Disbursement During Q2

2017-2018

Buffalo Regional Innovation Cluster

BNMC Kaleida Capital 15,000,000$ 5,000,000$

Buffalo Investment Development Strategy 750,000$ 460,246$

Northland Corridor Redevelopment and WNY Workforce Training Center Capital 10,300,000$ 2,000,000$

WNY STAMP Infrastructure Capital 33,000,000$ 171,318$



WNY Workforce Training Center EDG Vendor Contract 100,000$ 86,167$

Subtotal 125,150,000$ 8,436,876$

Community Development Financial Institution

Accion/ CAMBA CDFI 17 147,000$ 70,000$

Accion-CAMBA CDFI 18 135,000$ 67,500$

Pathstone CDFI 18 80,000$ 40,000$

Renaissance CDFI 18 100,000$ 40,000$

Spring Bank CDFI 18 65,000$ 26,000$

WVF CDFI 18 80,000$ 32,000$

Subtotal 607,000$ 275,500$

Economic Development Initiatives Program

BlackBox Biometrics Working Capital 23,190$ 23,190$

Brooklyn Alliance Working Capital 41,175$ 41,175$

Business Attraction & Retention 17-18 34,000,000$ 9,936,475$

Eastman Machine Working Capital 25,000$ 25,000$

Logical Images/ Visual Dx Working Capital 25,000$ 25,000$

Nasiff Associates Working Capital 10,839$ 10,322$

Plattco Working Capital 23,250$ 6,129$

Silicon Carbide Products Working Capital 25,000$ 1,992$

Silicon Carbide Products Working Capital 25,000$ 8,431$

Specialty Silicone Products Working Capital 13,382$ 12,292$

Sydor Instruments Working Capital 13,750$ 13,454$

Tourism 17-18 30,500,000$ 13,863,663$

Subtotal 64,725,586$ 23,967,123$

Economic Development Purposes Fund

C’ville Yoghurt Capital 500,000$ 125,000$

Dream It Do It WNY Working Capital 500,000$ 32,107$

Review of ORDA Facilities Contract 420,000$ 100,000$

Richardson Center Corporation Working Capital 2,020,000$ 187,038$

University at Albany Capital - RNA Institute Capital 2,036,000$ 202,768$

Westchester Community College Foundation Working Capital 100,000$ 6,621$

Subtotal 5,576,000$ 653,534$

Economic Transformation Program

Town of Cobleskill - Route 7 Corridor Capital 4,100,000$ 2,780,758$

Subtotal 4,100,000$ 2,780,758$

Empire State Economic Development Fund

CenterState CEO GENIUS NY Working Capital 5,000,000$ 2,000,000$

D4 Capital 75,000$ 18,750$

International Controls Corporation Capital 160,000$ 160,000$

Kawasaki Rail Car Capital 500,000$ 125,000$

Metal Container Capital 1,000,000$ 500,000$

Ortho Clinical Diagnostics Capital 1,000,000$ 1,000,000$

Steinway Polyester Capital 350,000$ 87,500$

Subtotal 8,085,000$ 3,891,250$





2017-2018

Entrepreneurial Assistance Program

CAMBA EAP Center 16-17 80,900$ 40,450$

EAP-Veteran Business Assistance Center (Renaissance EDC) 42,000$ 1,194$

Entrepreneurial Assistance Program Center (CAMBA) 15-16 88,000$ 26,476$

Entrepreneurial Assistance Program Center (Renaissance EDC) 15-16 88,000$ 27,946$

Renaissance EDC EAP Center 16-17 80,900$ 40,450$

Subtotal 379,800$ 136,516$

Market New York Program

Adirondack North Country Product Branding Working Capital 100,000$ 25,000$

Artpark Working Capital 52,992$ 18,866$

Binghamton Culinary Tourism Alliance Working Capital 58,800$ 15,316$

Canadian Visitation 2016 Working Capital 275,000$ 51,894$

Fenimore Art Museum Working Capital 108,258$ 28,581$

Finger Lakes Tourism Regional Marketing Working Capital 375,000$ 33,333$

Finger Lakes Vacation Region Market Analysis Working Capital 100,000$ 34,000$

Greater Walkway Experience Working Capital 189,000$ 89,850$

Haunted History Trail Working Capital 60,000$ 58,370$

Historic Armory Renovations Front Center Campaign Capital 25,000$ 25,000$

Lakes to Locks Passage Geotourism Working Capital 100,000$ 80,287$

Long Beach Marketing Working Capital 300,000$ 105,439$

Onondaga Historical Association - Iroquois Heritage Center Capital I 80,000$ 80,000$

Shared Mobility Working Capital 125,000$ 48,900$

St. Joseph's College HTM Prog. LI Tourism Working Capital 197,551$ 109,609$

Suits Bueche Planetarium at miSci Capital 20,137$ 20,137$

Tourism Market Strategy Catskill Mountains Scenic Byway Working Capital 49,500$ 14,673$

Traveling Exhibitions Program Working Capital 36,000$ 30,291$

Utica Zoo Foundation Working Capital 21,450$ 21,450$

Winter Games Go Global Working Capital 275,000$ 137,500$

World Canals Conference 2017 Working Capital 273,350$ 50,663$

Subtotal 2,822,038$ 1,079,159$

New NY Broadband Program

Chazy and Westport NY Broadband Unserved Capital 2,363,839$ 160,658$

Chazy and Westport Telephone Broadband Capital-B 457,346$ 42,315$

Citizens Telephone Company of Hammond Broadband Capital 3,316,810$ 595,811$

Empire Access Underserved Broadband Capital 1,598,480$ 138,629$

Empire Access Unserved Broadband Capital 1,797,894$ 7,607$

Gtel Broadband Capital 2,512,562$ 104,414$

Hancock Telephone Company Broadband Capital 4,915,920$ 163,427$

Margaretville Telephone Company Broadband Capital 4,791,505$ 933,062$

MIDTEL Unserved Broadband Capital 5,562,548$ 717,692$

MTC Cable Broadband Upgrade Capital 1,224,946$ 109,640$

Subtotal 28,541,850$ 2,973,254$





2017-2018

New York Works Economic Development Fund

ALCOA Capital 23,000,000$ 2,982,674$

Belmont North Next Generation Broadband 1,012,366$ 243,841$

G.A. Braun Capital 1,500,000$ 1,500,000$

Lyon Mountain Broadband 976,426$ 180,549$

OATS Working Capital 564,469$ 33,858$

Open Access Fiber Network 2,407,049$ 295,342$

Utica Memorial Auditorium Capital IV 1,000,000$ 195,000$

Subtotal 30,460,310$ 5,431,264$

NYPA Craft Beverage Program

ArtsWestchester Working Capital 50,000$ 50,000$

Brooklyn Alliance Drink Local Working Capital 145,886$ 29,177$

Carey Institute for Global Craft Beverage Working Capital 159,519$ 72,944$

Finger Lakes Wine Alliance Working Capital 77,840$ 71,309$

Subtotal 433,245$ 223,430$

Regional Council Capital Fund

Broadband Extension Project 5,000,000$ 1,561,774$

Center for Computational Research Capital 1,000,000$ 1,000,000$

Clinician Education and Simulation Lab Capital 2,500,000$ 2,500,000$

CommonSpace Capital 225,000$ 225,000$

Cornell University Greenhouse Capital 350,000$ 210,000$

Darwin Martin House Capital 375,000$ 375,000$

Delaware County Broadband Initiative 2,900,000$ 1,097,071$

Farm Credit Capital 1,000,000$ 200,000$

Foodlink Capital 750,000$ 750,000$

Foodlink Capital 250,000$ 250,000$

Green Lumber Capital 850,000$ 850,000$

Hepworth Farms Capital 300,000$ 90,000$

Historic Hudson River Towns Capital 250,000$ 125,000$

Hudson Valley Lighting Capital 705,000$ 352,500$

MTC Cable Wireless Broadband Expansion Project Phase II 320,520$ 7,436$

OBPA Ogdensburg Airport Improvements 225,000$ 225,000$

OBPA Ogdensburg Airport Improvements 500,000$ 500,000$

Olean Business Incubation Center Capital 400,000$ 300,000$

Onondaga Historical Association - Iroquois Heritage Center Capital II 80,000$ 77,432$

Rising Development Yonkers Capital 2,000,000$ 227,878$

Rose Breslin Capital 1,500,000$ 750,000$

Sunoco Truck Scale and Entrance Capital 200,000$ 50,000$

The Gear Factory Capital 680,000$ 666,923$

Trenton Technology Capital 1,000,000$ 700,000$

YCIDA – Horizon Business Park Capital 150,000$ 150,000$

Subtotal 23,510,520$ 13,241,014$





2017-2018

Restore New York Communities Initiative

Hoosick - RESTORE - 9 Main Street 650,000$ 45,056$

Niagara Falls - RESTORE III - Niagara City Lofts 5,000,000$ 997,464$

Subtotal 5,650,000$ 1,042,520$

Upstate Revitalization Initiatiative Program

AIM Photonics Capital URI 68,000,000$ 22,000,000$

AIM Photonics Testing and Packaging Center Capital II & Working Capital II 51,000,000$ 30,000,000$

Central NY Hub for Emerging Nano Industries – Soraa 70,000,000$ 21,000,000$

Corning Community College Development Foundation Capital 6,000,000$ 4,330,172$

Subtotal 195,000,000$ 77,330,172$

Urban and Community Development Program

Batavia Development Corporation Working Capital 15,000$ 15,000$

Brooklyn Navy Yard/Macro Sea New Lab Capital 1,250,000$ 378,676$

Oswego IDA Incubator Working Capital 30,000$ 30,000$

Schuyler Sewer Feasibility Working Capital 25,000$ 25,000$

Southwest Brooklyn Industrial Development Corporation Working Capital 50,000$ 50,000$

Subtotal 1,370,000$ 498,676$

Total 496,411,349$ 141,961,046$


SECTION 2: GEOGRAPHIC DISTRIBUTION OF APPROVED

PROJECTS

Region Approved Projects Total Commitments

Capital 7 Projects $39,427,540

Central 12 Projects $42,115,985

Finger Lakes 9 Projects $6,525,549

Long Island 9 Projects $5,968,748

Mid-Hudson 12 Projects $5,729,373

Mohawk Valley 10 Projects $48,568,520

New York City 21 Projects $21,892,194

North Country 7 Projects $470,999

Southern Tier 10 Projects $24,932,930

Western New York 8 Projects $15,920,750

TOTAL 105 Projects $215,872,588


Geographic Distribution of Approved Projects: Project List (p. 1)

Project Name Total Commitment County

Capital Region

Capital Region Chamber Entrepreneurial Assistance Program Center 17-18 81,465$ Albany

Towne, Ryan & Partners Certification Assistance Program Working Capital 75,000$ Albany

Center for Economic Growth Working Capital 13,139$ Albany

Greene County Bike Ride Center Working Capital 75,000$ Greene

High Tech Workforce Hub - Working Capital 500,000$ Albany

NFX Capital 38,500,000$ Albany

Erie Canal Water Trail Working Capital 182,936$ Albany


Central Region

25th New York State Blues Festival Working Capital 30,000$ Onondaga

Morrisville Industrial Hemp Working Capital 46,020$ Madison

Syracuse University South Side Innovation Center Working Capital 150,000$ Onondaga

Southside Innovation Entrepreneurial Assistance Program Center 17-18 81,465$ Onondaga

Knowles Cazenovia(formerly Dielectric Laboratories) CAPITAL 500,000$ Madison

John Mezzalingua Associates Capital 5,000,000$ Onondaga

Baldwinsville-Seneca Knolls Wastewater Treatment Plant Capital 150,000$ Onondaga

Camillus - RESTORE III - Downtown Redevelopment 2,343,500$ Onondaga

Camillus Mills Redevelopment Capital 500,000$ Onondaga

Excellus 2014- Paradise Companies II Capital 2,315,000$ Onondaga

Prima Terra - Crossroads New Hampton Inn and Out Parcels 1,000,000$ Onondaga

Northeast UAS Airspace Integration Research Alliance Capital 30,000,000$ Onondaga


Finger Lakes Region

The Strong Museum of Play Working Capital 201,146$ Monroe

New York State Wine and Grape Foundation Taste NY Working Capital 95,000$ Ontario

North American Breweries Capital (2 Commitments) 5,000,000$ Monroe

Urgban League of Rochester Entrepreneurial Assistance Program Center 17-18 81,465$ Monroe

DRT Power Systems Capital 150,000$ Monroe

Brand USA NYS International Cooperative Working Capital 375,091$ Monroe

Campground Owners of New York Working Capital II 247,347$ Monroe

Rochester Fringe Festival 2017 Working Capital 300,500$ Monroe

Simpleview Website Working Capital 75,000$ Monroe

Subtotal 6,525,549$

Long Island Region

Hofstra University Entrepreneurial Assistance Program Center 17-18 81,465$ Nassau

Hofstra University Certification Assistance Program Working Capital 75,000$ Nassau

Stony Brook University Next Generation Drug Discovery Facility Capital 500,000$ Suffolk

Suffolk County Comm. Coll. Entrepreneurial Assistance Program Center 17-18 81,465$ Suffolk

The Omnicon Group Working Capital 13,695$ Suffolk

East/West Industries Capital 200,000$ Suffolk

Study New York Working Capital 17,123$ Suffolk

Wyandanch Rising (2 Commitments) 4,800,000$ Suffolk

GSE Dynamics ADDAPT Capital 200,000$ Suffolk

Subtotal 5,968,748$




Mid Hudson Region

Polich Tallix Capital 475,000$ Orange

Barrier Beach Broadband Capital 867,281$ Westchester

Pace University & City of Poughkeepsie Working Capital 25,000$ Westchester

Warwick Valley Wine Co. Capital 160,000$ Orange

Womens Enterprise Development Poughkeepsie EAP Center 17-18 81,465$ Dutchess

Womens Enterprise Development Westchester EAP Center 17-18 81,465$ Westchester

Women's Enterprise Development Center Working Capital 150,000$ Westchester

Sullivan County O&W Rail Trail Working Capital 22,500$ Sullivan

The Center for Discovery Capital 2,500,000$ Sullivan

Hudson River Housing Poughkeepsie Capital 850,000$ Dutchess

Historic Thayer Hotel at West Point Working Capital 356,725$ Orange

Historic Hudson Valley Great Jack O’Lantern Blaze Working Capital 159,937$ Westchester

Subtotal 5,729,373$

Mohawk Valley Region

MWPAI Celebrates the Arts of New York Working Capital 110,534$ Oneida

Baseball Hall of Fame Museum Working Capital 333,750$ Otsego

ATC Phase 2 Broadband Capital 13,204,320$ Fulton

ATI Phase 2 Area 1 Broadband Capital 15,770,110$ Fulton



Business Training Institute Entrepreneurial Assistance Program Center 17-18 81,465$ Herkimer

SAES Smart Materials Capital 100,000$ Oneida

Richfield Commerce Park Capital 150,000$ Otsego

West Canada Creek Flood Mitigation Working Capital 21,789$ Herkimer


New York City Region

Bedford Stuyvesant Restoration EAP Center 17-18 81,465$ Kings

BioBAT Capital 300,000$ Kings

BOC MWBE Business Growth Accelerator Working Capital 150,000$ Kings

Boyce Technologies Capital 1,000,000$ Queens

CAMBA Entrepreneurial Assistance Program Center 17-18 81,465$ Kings

Chinatown Manpower Project- Business Outreach Center EAP 17-18 81,465$ New York

GrowNYC Capital 1,632,000$ Bronx

Hot Bread Kitchen Entrepreneurial Assistance Program Center 17-18 81,465$ New York

Local Development Corp of ENY EAP Center 17-18 81,465$ Kings

New York City Brewer’s Guild 2016 Beer Week Working Capital 8,696$ New York

New York Genome Center Life Science Capital 17,000,000$ New York

Queens Corona/Jamaica Entrepreneurial Assistance Program Center 17-18 81,465$ Queens

Queens EDC Entrepreneurial Assistance Program Center 17-18 81,465$ Queens

Renaissance EDC Entrepreneurial Assistance Program Center 17-18 81,465$ New York

San Francisco 2016 Bio Show Working Capital 24,500$ New York

SoBRO Entrepreneurial Assistance Program Center 17-18 81,465$ Bronx

SoBRO Venture Entrepreneurial Assistance Program Center 17-18 81,465$ Bronx

Tenement Museum Under One Roof Working Capital 204,600$ New York

The New York Stem Cell Foundation Capital 500,000$ New York

Washington Heights Inwood Entrepreneurial Assistance Program Center 17-18 81,465$ New York

Waterfront-A Special Exhibit Working Capital 176,283$ Kings





North Country Region

Adirondack EDC Entrepreneurial Assistance Program Center 17-18 81,465$ Essex

City of Plattsburgh Durkee Street Feasibility Capital 30,000$ Clinton

Lowville Producers Improvements Capital 48,000$ Lewis

Plattco Working Capital 11,534$ Clinton

Plattsburgh Airport Renovations Building 2774 Capital 100,000$ Clinton

Plattsburgh Airport Terminal Capital 4,500,000$ Clinton

Village of Carthage Wastewater Working Capital 20,000$ Jefferson

Subtotal 4,790,999$

Southern Tier Region

Binghamton LDC Entrepreneurial Assistance Program Center 17-18 81,465$ Broome

CMP Advanced Mechanical Solutions Capital 250,000$ Broome

Cornell Industrial Hemp Working Capital 900,000$ Tompkins

FlexTech Alliance Capital 20,000,000$ Broome

IBERO Waverly Entrepreneurial Assistance Program Center 17-18 81,465$ Chemung

Incodema URI Capital 400,000$ Tompkins

Midwestern Pet Foods Capital 500,000$ Tioga

Silver Street Rehab RESTORE IV 120,000$ Chenango

Town of Nichols Capital 1,800,000$ Tioga

Watkins Brewery Holdings Capital 800,000$ Schuyler


Western New York Region

ACCORD Entrepreneurial Assistance Program Center 17-18 81,465$ Allegany

Arrowhead Springs Vineyards Craft Beverage Marketing Capital 32,820$ Niagara

ASP Partners Capital (2 Commitments) 200,000$ Cattaraugus

Edison Welding Institute Working Capital 2017 15,000,000$ Erie

Erie 1 BOCES Welding Capital 25,000$ Erie

IBERO / Medaille College at Buffalo EAP Center 17-18 81,465$ Erie

Tough Mudder (2 Commitments) 250,000$ Erie

Tulip Molded Plastics Capital 250,000$ Niagara


Total 215,872,588$


SECTION 3: JOB CREATION AND RETENTION

Number Initial Retained Created Total Region of Projects Jobs Jobs Jobs Jobs

Capital 7 0 0 0 0 Central 12 480 480 239 719 Finger Lakes 9 642 642 135 777 Long Island 9 111 111 8 119 Mid-Hudson 12 1,524 1,524 270 1,794 Mohawk Valley 10 22 22 0 22 New York City 21 126 126 83 209 North Country 7 9 9 0 9 Southern Tier 10 152 152 33 185 Western New York 8 82 82 8 90 Total 105 3,148 3,148 776 3,924

Please note the following:

Approved projects in certain programs (e.g. Restore New York Communities Initiative, Community Development Financial Institution Program, Regional Council Capital Fund, Urban and Community Development Program) or for certain purposes (e.g. worker training, marketing, research and development, loan funds, infrastructure) are intended to enhance productivity, afford access to capital for smaller or disadvantaged businesses, advance targeted industries or regional priorities, or improve infrastructure or communities. In some of these instances, job creation is not a primary goal and thus is not tracked.

Initial Jobs is the baseline employment number.

Retained Jobs indicates when some or all of a company’s jobs were in jeopardy of being lost, typically through plant closures or companies moving out of the state.

Created Jobs indicates anticipated job growth over a one- to five-year horizon.


Job Creation and Retention: Project List (p. 1)

Project Name Total Commitment Initial Jobs Retained Jobs Created Jobs Total Jobs

Capital Region

Capital Region Chamber Entrepreneurial Assistance Program Center 17-18 81,465$ 0 0 0 0

Center for Economic Growth Working Capital 13,139$ 0 0 0 0

Erie Canal Water Trail Working Capital 182,936$ 0 0 0 0

Greene County Bike Ride Center Working Capital 75,000$ 0 0 0 0

High Tech Workforce Hub - Working Capital 500,000$ 0 0 0 0

NFX Capital 38,500,000$ 0 0 0 0

Towne, Ryan & Partners Certification Assistance Program Working Capital 75,000$ 0 0 0 0

Subtotal 39,427,540$ 0 0 0 0

Central Region

25th New York State Blues Festival Working Capital 30,000$ 0 0 0 0

Baldwinsville-Seneca Knolls Wastewater Treatment Plant Capital 150,000$ 0 0 0 0

Camillus - RESTORE III - Downtown Redevelopment 2,343,500$ 0 0 0 0

Camillus Mills Redevelopment Capital 500,000$ 0 0 0 0

Excellus 2014- Paradise Companies II Capital 2,315,000$ 0 0 0 0

John Mezzalingua Associates Capital 5,000,000$ 319 319 145 464

Knowles Cazenovia(formerly Dielectric Laboratories) CAPITAL 500,000$ 156 156 60 216

Morrisville Industrial Hemp Working Capital 46,020$ 0 0 0 0

Northeast UAS Airspace Integration Research Alliance Capital 30,000,000$ 5 5 5 10

Prima Terra - Crossroads New Hampton Inn and Out Parcels 1,000,000$ 0 0 29 29

Southside Innovation Entrepreneurial Assistance Program Center 17-18 81,465$ 0 0 0 0

Syracuse University South Side Innovation Center Working Capital 150,000$ 0 0 0 0

Subtotal 42,115,985$ 480 480 239 719

Finger Lakes Region

Brand USA NYS International Cooperative Working Capital 375,091$ 0 0 0 0

Campground Owners of New York Working Capital II 247,347$ 0 0 0 0

DRT Power Systems Capital 150,000$ 50 50 7 57

New York State Wine and Grape Foundation Taste NY Working Capital 95,000$ 0 0 0 0

North American Breweries Capital (2 Commitments) 5,000,000$ 592 592 128 720

Rochester Fringe Festival 2017 Working Capital 300,500$ 0 0 0 0

Simpleview Website Working Capital 75,000$ 0 0 0 0

The Strong Museum of Play Working Capital 201,146$ 0 0 0 0

Urgban League of Rochester Entrepreneurial Assistance Program Center 17-18 81,465$ 0 0 0 0

Subtotal 6,525,549$ 642 642 135 777

Long Island Region

East/West Industries Capital 200,000$ 49 49 5 54

GSE Dynamics ADDAPT Capital 200,000$ 62 62 3 65

Hofstra University Certification Assistance Program Working Capital 75,000$ 0 0 0 0

Hofstra University Entrepreneurial Assistance Program Center 17-18 81,465$ 0 0 0 0

Stony Brook University Next Generation Drug Discovery Facility Capital 500,000$ 0 0 0 0

Study New York Working Capital 17,123$ 0 0 0 0

Suffolk County Comm. Coll. Entrepreneurial Assistance Program Center 17-18 81,465$ 0 0 0 0

The Omnicon Group Working Capital 13,695$ 0 0 0 0

Wyandanch Rising (2 Commitments) 4,800,000$ 0 0 0 0

Subtotal 5,968,748$ 111 111 8 119




Mid Hudson Region

Barrier Beach Broadband Capital 867,281$ 0 0 0 0

Historic Hudson Valley Great Jack O’Lantern Blaze Working Capital 159,937$ 0 0 0 0

Historic Thayer Hotel at West Point Working Capital 356,725$ 0 0 0 0

Hudson River Housing Poughkeepsie Capital 850,000$ 0 0 16 16

Pace University & City of Poughkeepsie Working Capital 25,000$ 0 0 0 0

Polich Tallix Capital 475,000$ 80 80 13 93

Sullivan County O&W Rail Trail Working Capital 22,500$ 0 0 0 0

The Center for Discovery Capital 2,500,000$ 1,432 1,432 231 1,663

Warwick Valley Wine Co. Capital 160,000$ 12 12 10 22

Women's Enterprise Development Center Working Capital 150,000$ 0 0 0 0

Womens Enterprise Development Poughkeepsie EAP Center 17-18 81,465$ 0 0 0 0

Womens Enterprise Development Westchester EAP Center 17-18 81,465$ 0 0 0 0

Subtotal 5,729,373$ 1,524 1,524 270 1,794

Mohawk Valley Region

ATC Phase 2 Broadband Capital 13,204,320$ 0 0 0 0

ATI Phase 2 Area 1 Broadband Capital 15,770,110$ 0 0 0 0



Baseball Hall of Fame Museum Working Capital 333,750$ 0 0 0 0

Business Training Institute Entrepreneurial Assistance Program Center 17-18 81,465$ 0 0 0 0

MWPAI Celebrates the Arts of New York Working Capital 110,534$ 0 0 0 0

Richfield Commerce Park Capital 150,000$ 0 0 0 0

SAES Smart Materials Capital 100,000$ 22 22 0 22

West Canada Creek Flood Mitigation Working Capital 21,789$ 0 0 0 0

Subtotal 48,568,520$ 22 22 0 22

New York City Region

Bedford Stuyvesant Restoration EAP Center 17-18 81,465$ 0 0 0 0

BioBAT Capital 300,000$ 0 0 0 0

BOC MWBE Business Growth Accelerator Working Capital 150,000$ 0 0 0 0

Boyce Technologies Capital 1,000,000$ 58 58 41 99

CAMBA Entrepreneurial Assistance Program Center 17-18 81,465$ 0 0 0 0

Chinatown Manpower Project- Business Outreach Center EAP 17-18 81,465$ 0 0 0 0

GrowNYC Capital 1,632,000$ 14 14 12 26

Hot Bread Kitchen Entrepreneurial Assistance Program Center 17-18 81,465$ 0 0 0 0

Local Development Corp of ENY EAP Center 17-18 81,465$ 0 0 0 0

New York City Brewer’s Guild 2016 Beer Week Working Capital 8,696$ 0 0 0 0

New York Genome Center Life Science Capital 17,000,000$ 0 0 0 0

Queens Corona/Jamaica Entrepreneurial Assistance Program Center 17-18 81,465$ 0 0 0 0

Queens EDC Entrepreneurial Assistance Program Center 17-18 81,465$ 0 0 0 0

Renaissance EDC Entrepreneurial Assistance Program Center 17-18 81,465$ 0 0 0 0

San Francisco 2016 Bio Show Working Capital 24,500$ 0 0 0 0

SoBRO Entrepreneurial Assistance Program Center 17-18 81,465$ 0 0 0 0

SoBRO Venture Entrepreneurial Assistance Program Center 17-18 81,465$ 0 0 0 0

Tenement Museum Under One Roof Working Capital 204,600$ 0 0 0 0

The New York Stem Cell Foundation Capital 500,000$ 54 54 30 84

Washington Heights Inwood Entrepreneurial Assistance Program Center 17-18 81,465$ 0 0 0 0

Waterfront-A Special Exhibit Working Capital 176,283$ 0 0 0 0

Subtotal 21,892,194$ 126 126 83 209




North Country Region

Adirondack EDC Entrepreneurial Assistance Program Center 17-18 81,465$ 0 0 0 0

City of Plattsburgh Durkee Street Feasibility Capital 30,000$ 0 0 0 0

Lowville Producers Improvements Capital 48,000$ 9 9 0 9

Plattco Working Capital 11,534$ 0 0 0 0

Plattsburgh Airport Renovations Building 2774 Capital 100,000$ 0 0 0 0

Plattsburgh Airport Terminal Capital 4,500,000$ 0 0 0 0

Village of Carthage Wastewater Working Capital 20,000$ 0 0 0 0

Subtotal 4,790,999$ 9 9 0 9

Southern Tier Region

Binghamton LDC Entrepreneurial Assistance Program Center 17-18 81,465$ 0 0 0 0

CMP Advanced Mechanical Solutions Capital 250,000$ 101 101 20 121

Cornell Industrial Hemp Working Capital 900,000$ 0 0 0 0

FlexTech Alliance Capital 20,000,000$ 0 0 0 0

IBERO Waverly Entrepreneurial Assistance Program Center 17-18 81,465$ 0 0 0 0

Incodema URI Capital 400,000$ 11 11 3 14

Midwestern Pet Foods Capital 500,000$ 40 40 10 50

Silver Street Rehab RESTORE IV 120,000$ 0 0 0 0

Town of Nichols Capital 1,800,000$ 0 0 0 0

Watkins Brewery Holdings Capital 800,000$ 0 0 0 0

Subtotal 24,932,930$ 152 152 33 185

Western New York Region

ACCORD Entrepreneurial Assistance Program Center 17-18 81,465$ 0 0 0 0

Arrowhead Springs Vineyards Craft Beverage Marketing Capital 32,820$ 0 0 0 0

ASP Partners Capital (2 Commitments) 200,000$ 0 0 0 0

Edison Welding Institute Working Capital 2017 15,000,000$ 0 0 0 0

Erie 1 BOCES Welding Capital 25,000$ 0 0 0 0

IBERO / Medaille College at Buffalo EAP Center 17-18 81,465$ 0 0 0 0

Tough Mudder (2 Commitments) 250,000$ 0 0 0 0

Tulip Molded Plastics Capital 250,000$ 82 82 8 90

Subtotal 15,920,750$ 82 82 8 90

Total 215,872,588$ 3,148 3,148 776 3,924


SECTION 4: IMPACT OF APPROVED PROJECTS ON DISTRESSED URBAN

AND RURAL COMMUNITIES, SMALL- AND MEDIUM-SIZED

BUSINESSES AND STRATEGIC INDUSTRIES

For each project with funding exceeding $100,000 and the goal of creating or retaining jobs, ESD staff prepares an analysis of the benefits and costs that accrue to New York State based on income and sales tax revenues that are expected to be generated by direct and indirect jobs (e.g. construction). Summary information is provided below, and the attached Project Lists indicate this information where relevant (projects without construction or job creation indicate “N/A”). Individual analyses are attached in the appendix.

Distressed Urban and Rural Communities Of the 96 recipients of funding approved by ESD in the 2nd Quarter of Fiscal Year 2017-18, 49 recipients (51%) were located in distressed communities. Of these 49 recipients,

14 (15% of total funding recipients) were located in a distressed rural community 35 (36% of total funding recipients) were located in distressed urban communities

Small- and Medium-sized Businesses Of the 96 recipients of funding approved by ESD in the 2nd Quarter of Fiscal Year 2017-18, 32 (33%) were small or medium-sized businesses or organizations.

Strategic Industries Of the 105 projects approved by ESD in the 2nd Quarter of Fiscal Year 2017-18, the following industries were represented:

Industry Percentage of Total Funding # of Project(s)

Agriculture & Farming <1% 1

Arts/Culture/Entertainment <1% 8

Broadband 22% 5

Education 1% 8

Food & Beverage Manufacturing/Distribution 3% 8

Job Preparedness Training/Workforce Development 1% 24

Law <1% 1

Machinery & Miscellaneous Manufacturing 3.6% 11

Municipal /Government/Not-For-Profit 9% 18 Real Estate Development 2% 3 Technology/Scientific Research & Development 57% 11 Tourism/Hospitality <1% 7

Please note the following:

To determine if a project is in a distressed area, Department of Labor information was used to determine whether the county’s unemployment rate was above 4.8% (the New York State unemployment average for the year 2015). Projects located in an Empire Zone, a Federally-designated Enterprise Community or a Federally-designated Empowerment Zone are also included. “Urban” projects are located in New York State’s 62 designated cities; other projects are considered “Rural.”

A company is considered small- or medium-sized if it employs fewer than 500 persons.


Distressed Rural and Urban Communities: Project List (p. 1)

Project Name Benefit Cost

Distressed Rural

ACCORD Entrepreneurial Assistance Program Center 17-18 N/A N/A

Arrowhead Springs Vineyards Craft Beverage Marketing Capital N/A N/A

Brand USA NYS International Cooperative Working Capital N/A N/A

Camillus - RESTORE III - Downtown Redevelopment N/A N/A

Campground Owners of New York Working Capital II N/A N/A

Greene County Bike Ride Center Working Capital N/A N/A

John Mezzalingua Associates Capital 15,306,754$ 7,258,691$

Knowles Cazenovia(formerly Dielectric Laboratories) CAPITAL 1,978,001$ 1,840,203$

Lowville Producers Improvements Capital N/A N/A

Morrisville Industrial Hemp Working Capital N/A N/A

Simpleview Website Working Capital N/A N/A

Tough Mudder Capital (2 Commitments) N/A N/A

Village of Carthage Wastewater Working Capital N/A N/A

West Canada Creek Flood Mitigation Working Capital N/A N/A

Subtotal 17,284,755$ 9,098,894$

Distressed Urban

ASP Partners Capital (2 Commitments) N/A N/A

ATC Phase 2 Broadband Capital N/A N/A

ATI Phase 2 Area 1 Broadband Capital N/A N/A



Bedford Stuyvesant Restoration EAP Center 17-18 N/A N/A

Binghamton LDC Entrepreneurial Assistance Program Center 17-18 N/A N/A

BioBAT Capital N/A N/A

BOC MWBE Business Growth Accelerator Working Capital N/A N/A

Business Training Institute Entrepreneurial Assistance Program Center 17-18 N/A N/A

CAMBA Entrepreneurial Assistance Program Center 17-18 N/A N/A

City of Plattsburgh Durkee Street Feasibility Capital N/A N/A

CMP Advanced Mechanical Solutions Capital 4,290,259$ 250,000$

Cornell Industrial Hemp Working Capital N/A N/A

DRT Power Systems Capital 1,693,244$ 150,000$

Edison Welding Institute Working Capital 2017 N/A N/A

Erie 1 BOCES Welding Capital N/A N/A

Excellus 2014- Paradise Companies II Capital N/A N/A


Distressed Rural and Urban Communities: Project List (p. 2)


Distressed Urban Continued

FlexTech Alliance Capital N/A N/A

GrowNYC Capital 499,108$ 1,632,000$

High Tech Workforce Hub - Working Capital N/A N/A

IBERO / Medaille College at Buffalo EAP Center 17-18 N/A N/A

IBERO Waverly Entrepreneurial Assistance Program Center 17-18 N/A N/A

Local Development Corp of ENY EAP Center 17-18 N/A N/A

North American Breweries (2 Commitments) 7,314,738$ 8,425,874$

Plattco Working Capital N/A N/A

Plattsburgh Airport Renovations Building 2774 Capital N/A N/A

Plattsburgh Airport Terminal Capital N/A N/A

Rochester Fringe Festival 2017 Working Capital N/A N/A

SoBRO Entrepreneurial Assistance Program Center 17-18 N/A N/A

SoBRO Venture Entrepreneurial Assistance Program Center 17-18 N/A N/A

The Strong Museum of Play Working Capital N/A N/A

Tulip Molded Plastics Capital 3,827,899$ 250,000$

Urgban League of Rochester Entrepreneurial Assistance Program Center 17-18 N/A N/A

Waterfront-A Special Exhibit Working Capital N/A N/A

Subtotal 17,625,248$ 10,707,874$

Total 34,910,003$ 19,806,768$


Small and Medium-Sized Business: Project List


25th New York State Blues Festival Working Capital N/A N/A


ADIRONDACK ECONOMIC DEVELOPMENT CORP N/A N/A


BEDFORD STUYVESANT RESTORATION CORP N/A N/A

BINGHAMPTON LOCAL DEVELOPMENT CORPORATION N/A N/A



CAMBA ECONOMIC DEVELOPMENT CORPORATION N/A N/A

Camillus Mills Redevelopment Capital N/A N/A

Capital Region Chamber N/A N/A

Chinatown Manpower Project- Business Outreach Center EAP 17-18 N/A N/A



Hot Bread Kitchen Entrepreneurial Assistance Program Center 17-18 N/A N/A



Incodema URI Capital 570,563$ 400,000$


LDC OF EAST NEW YORK N/A N/A


Queens Corona/Jamaica Entrepreneurial Assistance Program Center 17-18 N/A N/A

QUEENS COUNTY OVERALL EDC N/A N/A

RENAISSANCE ECONOMIC DEVELOPMENT CO N/A N/A


SOUTH BRONX OVERALL EDC N/A N/A

SOUTH BRONX OVERALL EDC N/A N/A

Warwick Valley Wine Co. Capital N/A N/A

WASHINGTON HEIGHTS & INWOOD DEVELOPMENT CORP. N/A N/A

Women's Enterprise Development Center Working Capital N/A N/A

Womens Enterprise Development Poughkeepsie EAP Center 17-18 N/A N/A

Womens Enterprise Development Westchester EAP Center 17-18 N/A N/A

Total 16,376,425$ 9,290,691$


Strategic Industries: Project List (p. 1)


Agriculture/Farming

Lowville Producers Improvements Capital N/A N/A

Subtotal -$ -$

Arts /Culture/Entertainment

25th New York State Blues Festival Working Capital N/A N/A

Baseball Hall of Fame Museum Working Capital N/A N/A

MWPAI Celebrates the Arts of New York Working Capital N/A N/A

Polich Tallix Capital N/A N/A

Tenement Museum Under One Roof Working Capital N/A N/A

The Strong Museum of Play Working Capital N/A N/A

Tough Mudder (2 Commitments) N/A N/A

Waterfront-A Special Exhibit Working Capital N/A N/A

Subtotal -$ -$

Broadband

ATC Phase 2 Broadband Capital N/A N/A




Barrier Beach Broadband Capital N/A N/A

Subtotal -$ -$

Education

Cornell Industrial Hemp Working Capital N/A N/A

Erie 1 BOCES Welding Capital N/A N/A

Hofstra University Certification Assistance Program Working Capital N/A N/A

Hofstra University Entrepreneurial Assistance Program Center 17-18 N/A N/A

Morrisville Industrial Hemp Working Capital N/A N/A

Pace University & City of Poughkeepsie Working Capital N/A N/A

Stony Brook University Next Generation Drug Discovery Facility Capital N/A N/A

Syracuse University South Side Innovation Center Working Capital N/A N/A

Subtotal -$ -$

Food & Beverage Manufacturing/Distribution


Hot Bread Kitchen Entrepreneurial Assistance Program Center 17-18 N/A N/A

Midwestern Pet Foods Capital 2,449,808$ 701,379$

New York City Brewer’s Guild 2016 Beer Week Working Capital N/A N/A

New York State Wine and Grape Foundation Taste NY Working Capital N/A N/A

North American Breweries Capital (2 Commitments) 7,314,738$ 8,425,874$

Warwick Valley Wine Co. Capital 1,011,017$ 160,000$

Watkins Brewery Holdings Capital 145,028$ 800,000$

Subtotal 10,920,591$ 10,087,253$




Job Preparedness Training/Workforce Development


Adirondack EDC Entrepreneurial Assistance Program Center 17-18 N/A N/A

Bedford Stuyvesant Restoration EAP Center 17-18 N/A N/A

Binghamton LDC Entrepreneurial Assistance Program Center 17-18 N/A N/A



CAMBA Entrepreneurial Assistance Program Center 17-18 N/A N/A

Capital Region Chamber Entrepreneurial Assistance Program Center 17-18 N/A N/A

Chinatown Manpower Project- Business Outreach Center EAP 17-18 N/A N/A



Local Development Corp of ENY EAP Center 17-18 N/A N/A

Queens Corona/Jamaica Entrepreneurial Assistance Program Center 17-18 N/A N/A

Queens EDC Entrepreneurial Assistance Program Center 17-18 N/A N/A

Renaissance EDC Entrepreneurial Assistance Program Center 17-18 N/A N/A

SoBRO Entrepreneurial Assistance Program Center 17-18 N/A N/A

SoBRO Venture Entrepreneurial Assistance Program Center 17-18 N/A N/A

Southside Innovation Entrepreneurial Assistance Program Center 17-18 N/A N/A

Suffolk County Comm. Coll. Entrepreneurial Assistance Program Center 17-18 N/A N/A

Urgban League of Rochester Entrepreneurial Assistance Program Center 17-18 N/A N/A

Washington Heights Inwood Entrepreneurial Assistance Program Center 17-18 N/A N/A

Women's Enterprise Development Center Working Capital N/A N/A

Womens Enterprise Development Poughkeepsie EAP Center 17-18 N/A N/A

Womens Enterprise Development Westchester EAP Center 17-18 N/A N/A

Subtotal -$ -$

Law

Towne, Ryan & Partners Certification Assistance Program Working Capital N/A N/A

Subtotal -$ -$




Machinery & Miscellaneous Manufacturing

Boyce Technologies Capital 9,314,926$ 2,282,365$



East/West Industries Capital 168,626$ 200,000$



Knowles Cazenovia(formerly Dielectric Laboratories) CAPITAL 1,978,001$ 1,840,203$


SAES Smart Materials Capital 750,069$ 100,000$

The Omnicon Group Working Capital N/A N/A


Subtotal 37,900,341$ 12,731,259$

Municipal /Government/Not-For-Profit

Baldwinsville-Seneca Knolls Wastewater Treatment Plant Capital N/A N/A

Camillus - RESTORE III - Downtown Redevelopment N/A N/A

Center for Economic Growth Working Capital N/A N/A

City of Plattsburgh Durkee Street Feasibility Capital N/A N/A

Greene County Bike Ride Center Working Capital N/A N/A


Hudson River Housing Poughkeepsie Capital 980,351$ 850,000$

Plattsburgh Airport Renovations Building 2774 Capital N/A N/A

Plattsburgh Airport Terminal Capital N/A N/A

Richfield Commerce Park Capital N/A N/A

Silver Street Rehab RESTORE IV N/A N/A

Study New York Working Capital N/A N/A

Sullivan County O&W Rail Trail Working Capital N/A N/A

The Center for Discovery Capital 8,391,314$ 2,500,000$

Town of Nichols Capital N/A N/A

Village of Carthage Wastewater Working Capital N/A N/A

West Canada Creek Flood Mitigation Working Capital N/A N/A

Wyandanch Rising (2 Commitment) N/A N/A

Subtotal 9,870,773$ 4,982,000$

Real Estate Development

Camillus Mills Redevelopment Capital N/A N/A


Prima Terra - Crossroads New Hampton Inn and Out Parcels 1,181,201$ 1,000,000$

Subtotal 1,181,201$ 1,000,000$




Technology/Scientific Research & Development

BioBAT Capital N/A N/A

Edison Welding Institute Working Capital 2017 N/A N/A

FlexTech Alliance Capital N/A N/A

GSE Dynamics ADDAPT Capital N/A N/A

High Tech Workforce Hub - Working Capital N/A N/A

Historic Thayer Hotel at West Point Working Capital N/A N/A

New York Genome Center Life Science Capital N/A N/A

NFX Capital N/A N/A

Northeast UAS Airspace Integration Research Alliance Capital N/A N/A

San Francisco 2016 Bio Show Working Capital N/A N/A

The New York Stem Cell Foundation Capital 5,026,327$ 500,000$

Subtotal 5,026,327$ 500,000$

Tourism/Hospitality

ASP Partners (2 Commitments) N/A N/A

Brand USA NYS International Cooperative Working Capital N/A N/A

Campground Owners of New York Working Capital II N/A N/A

Erie Canal Water Trail Working Capital N/A N/A

Historic Hudson Valley Great Jack O’Lantern Blaze Working Capital N/A N/A


Simpleview Website Working Capital N/A N/A

Subtotal -$ -$

Total 64,899,233$ 29,300,512$


APPENDIX: FISCAL BENEFIT TO COST EVALUATIONS

Where impact was quantifiable, the projects that were analyzed yield an overall Fiscal Benefit to Cost ratio of 1:2.20. This means that for each dollar of New York State government subsidy, such as tax exemptions or abatements on sales, property and interest income, there was a return to the tax base of $2.20.

Total Projects

Please note the following: Benefit Cost Evaluations are used in evaluating projects that are categorized as Business

Investment, Infrastructure Investment, and Economic Growth Investment and that involve 1) job retention and/or creation and/or 2) construction-related activity. Unlike typical ESD Business Investment projects, which involve direct job creation and retention, Infrastructure Investment (e.g. the development or expansion of basic systems and facilities, including transportation, water and sewer, communication, energy generation and distribution, and parking facilities) and Economic Growth Investment (e.g. projects that foster economic growth through cultural activity, higher education activity, regional revolving loan and grant programs, other local or regional initiatives, agribusiness initiatives, marketing activities, training or education programs, or technical assistance) may not involve permanent job commitments. Such projects generate long-term benefits not captured in the period of analysis. This is reflected in the Benefit Cost Evaluations as compared to benchmarks developed for Infrastructure Investment and Economic Growth Investment projects.

For funding awards under $100,000, only the total benefit is provided rather than a full

evaluation.


Boyce Technologies Capital 9,314,926$ 2,282,365$



East/West Industries Capital 168,626$ 200,000$


Hudson River Housing Poughkeepsie Capital 980,351$ 850,000$



Knowles Cazenovia(formerly Dielectric Laboratories) Capital 1,978,001$ 1,840,203$

Midwestern Pet Foods Capital 2,449,808$ 701,379$

North American Breweries Capital (2 Commitments) 7,314,738$ 8,425,874$

Prima Terra - Crossroads New Hampton Inn and Out Parcels 1,181,201$ 1,000,000$

SAES Smart Materials Capital 750,069$ 100,000$

The Center for Discovery Capital 8,391,314$ 2,500,000$

The New York Stem Cell Foundation Capital 5,026,327$ 500,000$


Warwick Valley Wine Co. Capital 1,011,017$ 160,000$

Watkins Brewery Holdings Capital 145,028$ 800,000$

Total 64,899,233$ 29,300,512$

Project Summary

Benefit-Cost Evaluation1

Midwestern Pet Foods, Inc. – Business Investment Benefit-Costs Evaluations are used in evaluating projects that are categorized as Business Investment, Infrastructure Investment, and Economic Growth Investment and that involve 1) job retention and/or creation and/or 2) construction-related activity. For Business Investment projects, benefits reported in the table below typically reflect the impact of both jobs and construction-related activity. For Infrastructure Investment and Economic Growth Investment projects, which generate long-term benefits not captured in the period of analysis and may involve no permanent job commitments, the table typically reflects only construction-related activity. Benchmarks for each type of project are noted in the footnotes.

Initial Jobs: 40 Construction Job Years (Direct): 1 New Jobs: 10 over 3 years Construction Job Years (Indirect): 0

Project Results NYS Gov’t. Project Results State & Local Evaluation Statistics NYS Gov’t. Benchmarks2 State & Local Government

Government Benchmarks

Fiscal Costs3 $701,379 $794,250 $701,379 $1,020,500

Fiscal Benefits4 $2,449,808 $2,085,600 $4,225,139 $4,271,980

Fiscal Cost /Direct Job $20,525 $3,000 $20,525 $4,110

Fiscal Cost/Total Jobs $15,482 $1,424 $15,482 $1,964

Fiscal B/C Ratio 3.49 7.00 6.02 10.60

Project Benchmarks

Results

Economic Benefits5 $27,727,788 $119,468,000

Econ. Benefits/Total Jobs $612,054 $147,600

Economic B/C Ratio 39.53 75.00

1 Dollar values are present value calculated over a 7-year period. Separate evaluations are made and reported for New

York State government assistance alone and for State and Local government. 2 The current project evaluation results (both fiscal and economic) are compared to performance measure benchmarks

based on results of a sample of ESD non-retail projects. Business Investment project benchmarks are 7.00 (Fiscal) and 75.00 (Economic). Infrastructure Investment (or Economic Growth Investment) project benchmarks are 3.00 (Fiscal) and 30.00 (Economic). 3 Fiscal cost includes the value of grants, loans and associated default risks, and discretionary subsidies (such as tax

exemptions or abatements on sales, property, and interest income). 4 Fiscal benefits are the loan repayments and tax revenues to New York State and Local governments generated by

project activity. This includes estimated taxes on personal incomes from project direct and indirect employment, corporate and business incomes, excise and user taxes, property taxes, and other taxes. 5 Economic benefits are estimated project benefits measuring fiscal flows to government plus net resident disposable

income from project direct and indirect employment net of transfers, without adjusting for individual income earners’ opportunity cost of employment.

AA046 CMP Advanced Mechanical Solutions Capital

Evaluated over a seven-year period, project fiscal benefits to New York State government are expected to be $4,290,259, which exceed the cost to the State.

AA192 DRT Power Systems Capital


Z523 Tulip Molded Plastics Capital


Project Summary Benefit-Cost Evaluation6

The New York Stem Cell Foundation – Business Investment Benefit-Costs Evaluations are used in evaluating projects that are categorized as Business Investment, Infrastructure Investment, and Economic Growth Investment and that involve 1) job retention and/or creation and/or 2) construction-related activity. For Business Investment projects, benefits reported in the table below typically reflect the impact of both jobs and construction-related activity. For Infrastructure Investment and Economic Growth Investment projects, which generate long-term benefits not captured in the period of analysis and may involve no permanent job commitments, the table typically reflects only construction-related activity. Benchmarks for each type of project are noted in the footnotes.

Initial Jobs: 54 Construction Job Years (Direct): 99 New Jobs: 30 in five years Construction Job Years (Indirect): 52



Fiscal Costs8 $500,000 $794,250 $500,000 $1,020,500

Fiscal Benefits9 $5,026,327 $2,085,600 $10,800,239 $4,271,980



Fiscal B/C Ratio 10.05 7.00 21.60 10.60

Project Benchmarks

Results

Economic Benefits10

$68,513,505 $119,468,000



6 Dollar values are present value calculated over a 7-year period. Separate evaluations are made and reported for New

York State government assistance alone and for State and Local government. 7 The current project evaluation results (both fiscal and economic) are compared to performance measure benchmarks

based on results of a sample of ESD non-retail projects. Business Investment project benchmarks are 7.00 (Fiscal) and 75.00 (Economic). Infrastructure Investment (or Economic Growth Investment) project benchmarks are 3.00 (Fiscal) and 30.00 (Economic). 8 Fiscal cost includes the value of grants, loans and associated default risks, and discretionary subsidies (such as tax

exemptions or abatements on sales, property, and interest income). 9 Fiscal benefits are the loan repayments and tax revenues to New York State and Local governments generated by

project activity. This includes estimated taxes on personal incomes from project direct and indirect employment, corporate and business incomes, excise and user taxes, property taxes, and other taxes. 10

Economic benefits are estimated project benefits measuring fiscal flows to government plus net resident disposable income from project direct and indirect employment net of transfers, without adjusting for individual income earners’ opportunity cost of employment.

Z912 SAES Smart Materials Capital

Evaluated over a seven-year period, project fiscal benefits to New York State government are expected to be $750,069, which exceed the cost to the State.

Project Summary Benefit-Cost Evaluation11

Watkins Brewery Holdings, LLC – Economic Growth Project Benefit-Costs Evaluations are used in evaluating projects that are categorized as Business Investment, Infrastructure Investment, and Economic Growth Investment and that involve 1) job retention and/or creation and/or 2) construction-related activity. For Business Investment projects, benefits reported in the table below typically reflect the impact of both jobs and construction-related activity. For Infrastructure Investment and Economic Growth Investment projects, which generate long-term benefits not captured in the period of analysis and may involve no permanent job commitments, the table typically reflects only construction-related activity. Benchmarks for each type of project are noted in the footnotes.

Construction Job Years (Direct): 27 Construction Job Years (Indirect): 11



Fiscal Costs13

$800,000 $794,250 $800,000 $1,020,500

Fiscal Benefits14

$145,028 $2,085,600 $252,618 $4,271,980

Fiscal B/C Ratio 0.18 3.00 0.32 10.60

Project Benchmarks

Results

Economic Benefits15

$1,834,755 $119,468,000


11

Dollar values are present value calculated over a 7-year period. Separate evaluations are made and reported for New York State government assistance alone and for State and Local government. 12

The current project evaluation results (both fiscal and economic) are compared to performance measure benchmarks based on results of a sample of ESD non-retail projects. Business Investment project benchmarks are 7.00 (Fiscal) and 75.00 (Economic). Infrastructure Investment (or Economic Growth Investment) project benchmarks are 3.00 (Fiscal) and 30.00 (Economic). 13

Fiscal cost includes the value of grants, loans and associated default risks, and discretionary subsidies (such as tax exemptions or abatements on sales, property, and interest income). 14

Fiscal benefits are the loan repayments and tax revenues to New York State and Local governments generated by project activity. This includes estimated taxes on personal incomes from project direct and indirect employment, corporate and business incomes, excise and user taxes, property taxes, and other taxes. 15


Project Summary


Knowles Cazenovia, Inc. – Business Investment Benefit-Costs Evaluations are used in evaluating projects that are categorized as Business Investment, Infrastructure Investment, and Economic Growth Investment and that involve 1) job retention and/or creation and/or 2) construction-related activity. For Business Investment projects, benefits reported in the table below typically reflect the impact of both jobs and construction-related activity. For Infrastructure Investment and Economic Growth Investment projects, which generate long-term benefits not captured in the period of analysis and may involve no permanent job commitments, the table typically reflects only construction-related activity. Benchmarks for each type of project are noted in the footnotes.

Initial Jobs: 156 Construction Job Years (Direct): 16 New Jobs: 60 in one year Construction Job Years (Indirect): 11



Fiscal Costs18

$1,840,203 $794,250 $1,840,203 $1,020,500

Fiscal Benefits19

$1,978,001 $2,085,600 $3,332,288 $4,271,980



Fiscal B/C Ratio 1.07 7.00 1.81 10.60

Project Benchmarks

Results

Economic Benefits20

$15,355,338 $119,468,000



16






Project Summary


The Center for Discovery, Inc. – Business Investment Benefit-Costs Evaluations are used in evaluating projects that are categorized as Business Investment, Infrastructure Investment, and Economic Growth Investment and that involve 1) job retention and/or creation and/or 2) construction-related activity. For Business Investment projects, benefits reported in the table below typically reflect the impact of both jobs and construction-related activity. For Infrastructure Investment and Economic Growth Investment projects, which generate long-term benefits not captured in the period of analysis and may involve no permanent job commitments, the table typically reflects only construction-related activity. Benchmarks for each type of project are noted in the footnotes.

Initial Jobs: 1,432 Construction Job Years (Direct): 211 New Jobs: 231 over 3 years Construction Job Years (Indirect): 108



Fiscal Costs23

$2,500,000 $794,250 $2,500,000 $1,020,500

Fiscal Benefits24

$8,391,314 $2,085,600 $14,553,352 $4,271,980



Fiscal B/C Ratio 3.36 7.00 5.82 10.60

Project Benchmarks

Results

Economic Benefits25

$73,904,411 $119,468,000



21






Project Summary


Hudson River Housing, Inc. – Business Investment Benefit-Costs Evaluations are used in evaluating projects that are categorized as Business Investment, Infrastructure Investment, and Economic Growth Investment and that involve 1) job retention and/or creation and/or 2) construction-related activity. For Business Investment projects, benefits reported in the table below typically reflect the impact of both jobs and construction-related activity. For Infrastructure Investment and Economic Growth Investment projects, which generate long-term benefits not captured in the period of analysis and may involve no permanent job commitments, the table typically reflects only construction-related activity. Benchmarks for each type of project are noted in the footnotes.




Fiscal Costs28

$850,000 $794,250 $850,000 $1,020,500

Fiscal Benefits29

$980,351 $2,085,600 $1,795,727 $4,271,980



Fiscal B/C Ratio 1.15 7.00 2.11 10.60

Project Benchmarks

Results

Economic Benefits30

$13,056,375 $119,468,000



26






AB362 Warwick Valley Wine Co. Capital

Evaluated over a seven-year period, project fiscal benefits to New York State government are expected to be $1,011,017, which does not exceed the cost to the State.

Project Summary


John Mezzalingua Associates, LLC – Business Investment Benefit-Costs Evaluations are used in evaluating projects that are categorized as Business Investment, Infrastructure Investment, and Economic Growth Investment and that involve 1) job retention and/or creation and/or 2) construction-related activity. For Business Investment projects, benefits reported in the table below typically reflect the impact of both jobs and construction-related activity. For Infrastructure Investment and Economic Growth Investment projects, which generate long-term benefits not captured in the period of analysis and may involve no permanent job commitments, the table typically reflects only construction-related activity. Benchmarks for each type of project are noted in the footnotes.

Initial Jobs: 319 Construction Job Years (Direct): 59 New Jobs: 145 Construction Job Years (Indirect): 35



Fiscal Costs33

$7,258,691 $794,250 $7,258,691 $1,020,500

Fiscal Benefits34

$15,306,754 $2,085,600 $26,400,792 $4,271,980



Fiscal B/C Ratio 2.11 7.00 3.64 10.60

Project Benchmarks

Results

Economic Benefits35

$179,396,075 $119,468,000



31






Project Summary


Boyce Technologies, Inc. – Business Investment Benefit-Costs Evaluations are used in evaluating projects that are categorized as Business Investment, Infrastructure Investment, and Economic Growth Investment and that involve 1) job retention and/or creation and/or 2) construction-related activity. For Business Investment projects, benefits reported in the table below typically reflect the impact of both jobs and construction-related activity. For Infrastructure Investment and Economic Growth Investment projects, which generate long-term benefits not captured in the period of analysis and may involve no permanent job commitments, the table typically reflects only construction-related activity. Benchmarks for each type of project are noted in the footnotes.




Fiscal Costs38

$2,282,365 $794,250 $2,282,365 $1,020,500

Fiscal Benefits39

$9,314,926 $2,085,600 $17,931,510 $4,271,980



Fiscal B/C Ratio 4.08 7.00 7.86 10.60

Project Benchmarks

Results

Economic Benefits40

$73,607,870 $119,468,000



36






AA636 East/West Industries Capital

Evaluated over a seven-year period, project fiscal benefits to New York State government are expected to be $168,626, which does not exceed the cost to the State.

Project Summary


Grow NYC – Business Investment Benefit-Costs Evaluations are used in evaluating projects that are categorized as Business Investment, Infrastructure Investment, and Economic Growth Investment and that involve 1) job retention and/or creation and/or 2) construction-related activity. For Business Investment projects, benefits reported in the table below typically reflect the impact of both jobs and construction-related activity. For Infrastructure Investment and Economic Growth Investment projects, which generate long-term benefits not captured in the period of analysis and may involve no permanent job commitments, the table typically reflects only construction-related activity. Benchmarks for each type of project are noted in the footnotes.

Initial Jobs: 14 Construction Job Years (Direct): 0 New Jobs: 12 in one year Construction Job Years (Indirect): 0



Fiscal Costs43

$1,632,000 $794,250 $1,632,000 $1,020,500

Fiscal Benefits44

$499,108 $2,085,600 $1,073,969 $4,271,980



Fiscal B/C Ratio 0.31 7.00 0.66 10.60

Project Benchmarks

Results

Economic Benefits45

$6,810,214 $119,468,000



41






Project Summary


North American Breweries, Inc. – Business Investment Benefit-Costs Evaluations are used in evaluating projects that are categorized as Business Investment, Infrastructure Investment, and Economic Growth Investment and that involve 1) job retention and/or creation and/or 2) construction-related activity. For Business Investment projects, benefits reported in the table below typically reflect the impact of both jobs and construction-related activity. For Infrastructure Investment and Economic Growth Investment projects, which generate long-term benefits not captured in the period of analysis and may involve no permanent job commitments, the table typically reflects only construction-related activity. Benchmarks for each type of project are noted in the footnotes.




Fiscal Costs48

$8,425,874 $794,250 $8,425,874 $1,020,500

Fiscal Benefits49

$7,314,738 $2,085,600 $12,645,830 $4,271,980



Fiscal B/C Ratio 0.87 7.00 1.50 10.60

Project Benchmarks

Results

Economic Benefits50

$96,758,804 $119,468,000



46






Project Summary


Incodema3D LLC – Business Investment Benefit-Costs Evaluations are used in evaluating projects that are categorized as Business Investment, Infrastructure Investment, and Economic Growth Investment and that involve 1) job retention and/or creation and/or 2) construction-related activity. For Business Investment projects, benefits reported in the table below typically reflect the impact of both jobs and construction-related activity. For Infrastructure Investment and Economic Growth Investment projects, which generate long-term benefits not captured in the period of analysis and may involve no permanent job commitments, the table typically reflects only construction-related activity. Benchmarks for each type of project are noted in the footnotes.

Initial Jobs: 11 Construction Job Years (Direct): 0 New Jobs: 3 over one year Construction Job Years (Indirect): 0



Fiscal Costs53

$400,000 $794,250 $400,000 $1,020,500

Fiscal Benefits54

$570,563 $2,085,600 $974,562 $4,271,980



Fiscal B/C Ratio 1.43 7.00 2.44 10.60

Project Benchmarks

Results

Economic Benefits55

$7,584,229 $119,468,000



51






Project Summary


Prima Terra Properties, LLC – Business Investment Benefit-Costs Evaluations are used in evaluating projects that are categorized as Business Investment, Infrastructure Investment, and Economic Growth Investment and that involve 1) job retention and/or creation and/or 2) construction-related activity. For Business Investment projects, benefits reported in the table below typically reflect the impact of both jobs and construction-related activity. For Infrastructure Investment and Economic Growth Investment projects, which generate long-term benefits not captured in the period of analysis and may involve no permanent job commitments, the table typically reflects only construction-related activity. Benchmarks for each type of project are noted in the footnotes.




Fiscal Costs58

$1,000,000 $794,250 $1,000,000 $1,020,500

Fiscal Benefits59

$1,181,201 $2,085,600 $2,075,003 $4,271,980



Fiscal B/C Ratio 1.18 7.00 2.08 10.60

Project Benchmarks

Results

Economic Benefits60

$15,381,803 $119,468,000



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STATUS · ESD Quarterly Report: 2nd Quarter of Fiscal Year 2017-18 1 S TATUS R EPORT : 2 ND Q...

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