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Capital Region Economic Development Council Announces Priority Project Endorsements

Will hold public meeting on Tuesday, September 11 at Hudson Valley Community College
(September 10, 2012)

Capital Region Economic Development Council Announces Priority Project Endorsements

The Capital Region Economic Development Council (CREDC) today announced it has endorsed 46 projects as priority projects to be considered for State funding in this year’s round of Governor Andrew M. Cuomo’s Regional Council Initiative.

In selecting priority projects, Council members used a set of criteria that includes ability to create jobs, capacity to leverage private and non-state investment, and alignment with additional goals set forth in the strategic plan developed last year to create a robust Economic Ecosystem for the Capital Region. The recommended projects will be included in the CREDC’s progress report to be submitted to the State on September 14, 2012.

Progress reports will include an update on the implementation of strategic plans submitted in 2011, and details on proposed priority projects and economic development plans for the coming year. In the second round of Governor Cuomo’s Regional Council initiative, the regions are competing for over $760 million in State resources for the implementation of their strategic plans and advancement of priority projects.

The Council will provide an update on its goals and strategies as it prepares its progress report as well as an overview of its endorsed priority projects for 2012-2013 at its next meeting, Tuesday, September 11 at Hudson Valley Community College, McDonough Field House, in Troy. The public portion of the meeting begins at 2:45 p.m.

The following projects were identified as priority projects:

  • Free Form Fibers – This project will provide for a massive scale up of company’s fabrication process along with a project to recycle Silane gas to minimize waste as well as cost and energy requirements of the process.
  • Yaddo – This project will allow for the renovation of the Yaddo’s historic mansion in Saratoga Springs.
  • The Urban Grow Center - The Urban Grow Center will include an expanded produce storage and distribution hub in Troy.
  • Schenectady Firehouse - The Career Development Division of Northeast Parent and Child Society will purchase and renovate the former Schenectady Fire Department Firehouse for its Home Energy Connection program in Schenectady.
  • High Nitrate Demonstration Project – This project will construct a direct pipeline from Ames Goldsmith Corp. plant in Glens Falls to the City of Glens Falls Wastewater Treatment Plant.
  • Town of Prattsville Disaster Recovery Implementation Phase One - The project involves acquiring the Becker property, the largest potential redevelopment in the Prattsville hamlet that is above flood stage, to create new housing and commercial opportunities.
  • The RNA Institute – This project will assist with the purchase of state-of-the-art equipment as a research resource to be located in the Institute's brand new Advanced Instrumentation Facility at the University at Albany.
  • Catskill Downtown and Waterfront Enhancement – This project will allow for the design and construction of the Catskill Creek Walking Loop infrastructure project.
  • Mohawk Lifts - This project involves the construction of a 67,000 square foot manufacturing facility to manufacture heavy-duty vehicle lifts in Glenville.
  • Park South Mixed Use Redevelopment – This revitalization project includes improvements in streets, sidewalks, curbs, pedestrian crossings, street trees, and water and sewer mains to prepare a two-block area for mixed-use development funded by private investors in Albany.
  • Hudson Valley Food Hub - This project will expand the infrastructure of two successful food processing and distribution firms that serve New York State farms— Farm to Table Co-Packers and Hudson Valley Harvest.
  • The Esplanade- Empire Warehousing Corp. will construct a mixed-use project, including rental housing, retail and office space, entertainment venues, dining, indoor and outdoor recreational uses in Mechanicville.
  • Modern Nature Georgia O’Keeffe Lake George Exhibition Catalogue and Program Season- This project will help with the implementation and promotion of its 2013 exhibition, Modern Nature: Georgia O’Keeffe and Lake.
  • Riverfront Park Improvements and Connections – This project will establish a much needed linkage between the north end of Riverfront Park and the Restaurant District in Troy.
  • Hudson Avenue Parking Structure – This project includes the acquisition and construction of a 400-500 vehicle parking structure on Hudson Avenue in downtown Glens Falls.
  • Olana Showcase our Beauty 2012 – This project will allow for the implementation of a significant project identified in Olana’s Landscape Restoration Plan— the restoration of the area that surrounds the main house.
  • Prosit- Davidson Brothers, Inc. will build and operate a unique craft brewery system to replace current product production from the Shipyard Brewery in Portland, Maine.
  • Catamount Resort – This project will assist with the construction of phase one, which includes required infrastructure, site improvement work, as well as 54 shared ownership suites, new lodge space, reception space, guest locker rooms/lounges, guest amenities, a spa, retail, banquet and restaurant space.
  • Battenkill Fibers Custom Processing Expansion – The project will assist with the expansion of Battenkill Fibers operations.
  • Sheridan Hollow Village - This project will redevelop Sheridan Hollow as a mixed-income, mixed-use sustainable community in Albany.
  • AMRI Expansion for Diagnostic Imaging Agent – This project will assist with the manufacture a key chemical intermediate that will be used to make a commercially available diagnostic imaging agent at the company’s active pharmaceutical ingredient plant in Rensselaer.
  • NY CAP Research Alliance - This project will provide seed funding for collaborative research among member organizations which will be leveraged to attract future federal and industry funding.
  • Smart Cities Technology Innovation Center SCiTI at Kiernan Plaza – This project will preserve the historic nature and long-term value of Kiernan Plaza, attracting economically stable and synergistic high-tech companies to downtown Albany.
  • DeLaets Landing Phase I & Rensselaer Riverfront Development- These projects both propose shovel- ready, large, mixed use development along the waterfront in the City of Rensselaer and include a new public Esplanade along the waters edge for over 1,000 linear feet, public boat slips as well as small boat/kayak launch.
  • Blight to Betterment- This project allow for the creation of a fund for the strategic acquisition, land banking, stabilization and rehabilitation of key abandoned properties in the City of Albany.
  • Regional Agribusiness and Food Systems Finance Program – This project will develop a regional agribusiness and food systems financing program to provide loans to local food and agricultural businesses that bring employment and investment to the region while supporting the development and/or enhancement of the regional food system.
  • Warrensburg Health Center – This project will provide for the construction of a new regional health care facility in the Warren County Hamlet of Warrensburg.
  • Arsenal Biomass Cogen – This project includes building 300,000 square feet of new data center, manufacturing and R&D space, creating at least 500 permanent and 1,700 construction jobs, while preserving the existing Army R&D and manufacturing operations at the Watervliet Arsenal.
  • ZEN Building- College of Nanoscale, Sciene & Engineering – This project will construct an approximately 100,000 square foot zero energy nano tech building at the current College of Nanoscale Science and Engineering site in Albany.
  • Proctors Downtown Green Energy Expansion- This three-part project is designed to greatly improve energy efficiency and reduce the costs associated with energy consumption in multiple buildings in downtown Schenectady connected to the PTR District power plant.
  • Canal Street Farmers Marketplace Project - This project will transform an 1880's Old Champlain Canal Barn into the retail source for agricultural goods produced in Washington, Warren and Saratoga Counties.
  • BioMass Industrial Park and Clean Energy Distribution Center- This project will assist Green Renewable, Inc. to utilize bio-mass harvested from New York’s forests to manufacture and distribute a variety of agribusiness and renewable energy products, including fuel chips, mulch and livestock bedding.
  • Reconstruction of Public Docks- This project will provide for the reconstruction of the public docks in Lake George that were destroyed during Hurricane Irene.
  • Albany Green Streets Quail Street Corridor – This project will allow for the construction of the Capital Region's first Green Street in the heart of Albany's Education District.
  • Hacker Boat Company Expansion- This project will assist the company to relocate to and renovate a 116,400 square foot facility in Queensbury.
  • Albany Waterfront Performance Place and Livingston Landing – This project will assist in the redevelopment of the Albany Waterfront into a premier destination for waterfront events and performances, as well as a local and regional destination for recreation, waterfront access and services, and Hudson River-based tourism.
  • CCNIPetascale – This project, part of a plan involving investments across 5 regions of NYS, seeks to enhance and deploy computational resources to continue and expand the High Performance Computing Consortium (HPC2) program, which provides computational consulting and other services to industry.
  • Rotterdam MultiModal Center – This project will support the expansion of Railex in its efforts to equip the Capital Region with increased interstate-accessible "green," energy efficient rail transport capabilities.
  • WWARC Community Kitchen Project- This project will support the construction a community kitchen and cafeteria in Queensbury.
  • Stainless Steel Foundry – This project will install stainless steel casting capability at the GL&V USA Hudson Falls facility.
  • Senior Services Meals on Wheels Kitchen – This project will create a new 3,300 square foot state of the art, commercial teaching kitchen facility in Albany.
  • Transfinder NYBizlab- This project includes the purchase the First Niagara Building in downtown Schenectady to continue expanding its successful operations and create the NYBizLab, a business accelerator targeted to technology start-ups, specifically software companies.
  • Albany College of Pharmacy and Health Sciences (ACPHS) – This project will reconstruct and update science and research laboratories in Albany.
  • STEP toward pilot ceramic fiber production - This project will provide for a massive scale up of company’s fabrication process along with a project to recycle Silane gas to minimize waste as well as cost and energy requirements of the process.
  • Research Facility- This project will support the development of a shared-use facility in the Rensselaer Technology Park campus. An existing facility located within the Tech Park at 465 Jordan Road in North Greenbush will be acquired and critical upgrades to the facility made.

The Capital Region Economic Development Council, one of 10 regional councils across New York, serves as a public-private facilitator that helps guide the allocation of state resources to generate business growth and community development in the eight-county region, which includes Albany, Columbia, Greene, Rensselaer, Saratoga, Schenectady, Warren, and Washington counties.

Created by Governor Cuomo in July 2011, the Regional Economic Development Councils represent a fundamental shift in the state's approach to economic development from a top-down development model to a community-based, performance driven approach which empowers individual areas to develop comprehensive strategic plans that invest in regional solutions to create jobs and economic growth. Last fall, each regional council developed and submitted to the state a plan for the development of their region, which provides a regional vision for economic development, addresses critical issues and opportunities, and lays out an implementation roadmap for future growth. The state works with the regional councils to align resources and policies, eliminate unnecessary barriers to growth and prosperity, and streamline the delivery of government services and programs to help the regional councils carry out their plans for development.

To learn more about the CREDC activities and to view the Capital Region’s Strategic Plan, visit www.capitalregionopenforbusiness.com. To learn more about each region and their economic development plans, visit www.regionalcouncils.ny.gov.

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