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