Capital Region Economic Development Council Submits Progress Report
The Capital Region Economic Development Council (CREDC) submitted its progress report, “The Tech Valley Advancing,” to the State September 24. The 2013 progress report provides detail on the Council’s achievements in implementing its five year strategic plan. The report also includes descriptions of high level changes to the Council’s structure, revisions to some of its strategies, an implementation agenda and a tracking of the advancement of priority job-creating projects awarded in 2011 and 2012. Additionally, the CREDC provided the State with its list of the 85 priority projects, 33 of which the Council has endorsed for the third round of the Regional Council competition.
The progress report can be found at www.regionalcouncils.ny.gov/content/capital-region.
“The report we have submitted demonstrates that the great work of a dedicated group of Council members continues to produce results for the Capital Region, and illustrates that Governor Cuomo’s approach to economic development is truly transformational,” said James J. Barba, CREDC co-chair and president and CEO of Albany Medical Center. “With expanded public input we have refined our vision and our plan to strengthen the region’s existing economic assets, build upon the success of 205 projects funded in CFA Rounds 1 and 2, and improve the long term promise of increased economic opportunity for all of our communities and people.”
“Over the course of my career, public engagement has been one of my highest priorities, so I am pleased that the hallmark of our work this year has focused on moving the Council forward on a path centered on public involvement and participation,” said Robert J. Jones, CREDC co-chair and president of the University at Albany. “On behalf of the over one million residents of the Capital Region, I could not be more proud of our council’s efforts in collaboratively developing and advancing our 2013 Progress Report.”
Over the last year, and under newly appointed leadership, the Capital Region Economic Development Council has focused on its eight strategic goals in response to the needs of the region. A key focus for 2013 has been public engagement and as such, the Council held a record number of public council and workgroup meetings and encouraged active participation. These meetings proved to be invaluable, allowing the council to gather public input and refine project proposals to better address the broader needs of the Capital Region. The council also continued to engage elected officials in local government, and collaborate with economic development groups in order to further the goals, strategies and efforts across the eight counties of the Capital Region.
In 2013, the Council also realigned its work group structure to better implement and improve its five year strategic plan. The Council has operated primarily through the work of six work groups: Infrastructure, Technology, Agriculture, Arts, Culture and Tourism, Workforce and Education, and Public Engagement. Each of the Council’s eight strategic goals are focused and aligned with the work groups in order to develop and support projects that directly fulfill the goals of the Capital Region.
As reflected in the Report, the council also responded to Governor Cuomo’s Opportunity Agenda, identifying potential opportunity zones through objective data analysis and discussions with community leaders and stakeholders. The council unanimously selected the Trinity Alliance of the Capital Region’s Capital South Campus Center (CSCC) Culinary Arts Kitchen and ATTAIN Lab as its Opportunity Agenda project. As it implements the Opportunity Agenda, the council plans to identify best practices that can be applied in other economically disadvantaged areas of the Region.
As part of the 2013-2014 budget, the Governor and Legislature agreed to provide competitive grant funding to continue to incentivize economic development and job creation across the regions. The following 85 projects were endorsed by the council as regional priorities, of which 33 projects are priorities for the third round of the Regional Council competition:
Priority Projects for Regional Competition
- CPT – Albany County
- 20MT Proposed Facility – Albany, Rensselaer Counties
- NY CAP Research Alliance – Albany County
- Marina District Transit Center – Rensselaer County
- Acquisition and Renovation of Quackenbush Building – Rensselaer County
- CSCC ATTAIN Lab – Albany County
- Urban Grow Center – Rensselaer County
- CivicCenterVision – Warren County
- Ferguson Lane Expansion – Washington County
- Park South Redevelopment Project – Albany County
- The DOIT Center – Albany County
- Dockside Lofts – Rensselaer County
- de Laets Landing – Rensselaer County
- I87 Airport Connector Exit 4 – Albany County
- City Station North – Rensselaer County
- LTL Local Food Distribution Hub Network – Columbia, Sullivan Counties
- WWAARC Community Kitchen and Distribution Center Project – Warren, Washington and Albany
- Quackenbush Square – Albany County
- Dewitt Clinton Hotel Rehabilitation – Albany County
- Transactional Data Printing Mailing Business – Albany County
- Catamount Resort – Columbia County
- ALCO Riverfront Revitalization – Schenectady County
- St. Peter’s Health Partners Troy MFP – Rensselaer County
- Riverside Trail Community Linkage Project – Saratoga County
- Green Island Hydropower Production Project – Albany County
- Pacifica Ventures Schenectady – Schenectady County
- Hudson Avenue Parking Structure – Warren County
- Kaaterskill Clove – Greene County
- Wellington Row – Albany County
- Menands Farmers Market Revitalization – Albany County
- Claverack Animal Bedding Facility – Columbia County
- Campion – Saratoga County
- Tech Valley STEMConnect – Albany County
Additional Priority Projects
- Erie Canalway Trail Shuttle Pilot – 14 counties, from Erie to Albany along the Erie Canalway Trail
- Growing the Capital Regions Creative Economy – Albany, Rensselaer, Schenectady, Saratoga, Columbia, Greene, Washington, Warren counties
- Downtown Albany Tactical Plan – Albany County
- Fuel Cell – Albany County
- Albany Downtown Residential and Commercial Rehabilitation Program – Albany County
- Park Playhouse Light and Sound Equipment – Albany County
- Albany Co Rail Trail Phase II – Albany County
- American Music Festival – Albany County
- Mystery of the Albany Mummies Spring Marketing – Albany County
- SNAP Employment and Training Capital Region – Albany, Schenectady, Rensselaer, Warren, Washington
- Albany County Economic Development Strategic Plan – Albany County
- Albany 2030 Sustainable Code Project – Albany County
- Historic Preservation – Albany County
- Albany Pool Combined Sewer Overflow Project Governance Structure Implementation Requirements – Albany and Rensselaer counties
- Tech Valley Innovation Hot Spot – Albany, Columbia, Greene, Rensselaer, Saratoga, Schenectady, Warren, Washington counties.
- Capital Region QUALITYstarsNY – Albany, Schenectady, Rensselaer, Fulton, Montgomery, Warren, Washington, Columbia, Greene counties
- Career Readiness – Albany, Schenectady and Rensselaer Counties
- SNAP – Albany, Schenectady, Rensselaer, Warren, Washington
- Growing the Capital Regions Creative Economy – Albany,Rensselaer,Schenectady,Saratoga,Columbia,Greene,Washington,Warren
- LTLP Geo marketing – Clinton, Essex, Warren, Washington, Saratoga, Rensselaer, Albany
- City of Hudson 2013 NYMS Project –Columbia County
- Technical Training – Columbia County
- Harlem Valley Rail Trail Construction Copake to Hillsdale – Columbia County
- Thomas Cole House – Greene County
- Village of Coxsackie Wastewater System Upgrade – Greene County
- Village of Coxsackie Neighborhood Sewer Improvements – Greene County
- Regional Wetland Mitigation Bank – Greene, Columbia, Albany, Rensselaer
- Church and Cole Hudson Catskill – Columbia, Greene Counties
- City of Stories Project – Region-wide
- NY CAP Research Alliance Incubator – Rensselaer County
- Marina District Transit Center (2) – Rensselaer County
- CEO for the Greater Capital Region, Inc. building project – Rensselaer County
- Regatta Center Saratoga – Saratoga County
- New Hire Training – Saratoga County
- SPAC Chamber Music Initiative – Saratoga County
- Erie Canal Towpath Community Connector – Saratoga County
- Comprehensive Plan Implementation – Saratoga County
- Zim Smith Trail Extension – Saratoga County
- Schenectady Local Waterfront Revitalization Project – Schenectady County
- Alco Regulator – Schenectady County
- Cirque Eloize Summer Residency– Schenectady County
- Theatre Restoration – Schenectady County
- The SCCC Gateway To Logistics Careers Program – Schenectady, Albany, Saratoga, Fulton, Montgomery, Rensselaer counties
- Cirque Eloize Marketing Campaign – Schenectady, Albany, Troy
- The Adirondack Park Recreation Web Portal Project – Warren, Washington, Hamilton, Essex, Herkimer, Saratoga, Franklin, Clinton, St. Lawrence, Oneida, Lewis, Fulton counties
- Countryside Public Facility Improvement – Warren County
- Town of Queensbury Equipment Purchase for Davidson Brothers Craft Brewery Production Facility – Warren County
- 21st Century Job Skills – Warren County
- Lake George Environmental Park – Warren County
- Bolton Landing Visitor Center – Warren County
- UpstateRegionalStudy – Warren, Saratoga, Washington counties
- LG Invasive Species Management and Control Project – Warren, Washington and Essex counties
Statewide, the first two rounds of the Regional Council initiative included $1.5 billion in investments to support more than 1,400 economic and community development projects consistent with each region’s strategic plans that are creating or helping retain an estimated 75,000 jobs. To continue building on the success of rounds one and two, up to $760 million in state resources are available in 2013. Funding for the third round includes $220 million ($150 million in capital and $70 million in tax credits) to implement regional strategic plans and continue to advance priority job-creating projects, and up to $540 million from state agency programs through the CFA to support regionally-significant economic development projects.
This year, all ten regions will compete against each other. The competition places emphasis on Regional Council performance and action to implement strategies.
Five regions will be identified as the “Top Performer” and will receive up to $25 million each. The remaining regions will compete for the balance of $25 million. Each region will also be eligible for up to $10 million in Excelsior Tax Credits.
Regions designated as a “top performer” will be required to demonstrate the following:
- Implementation of the Strategic Plans;
- Performance in encouraging economic group through job creation and investment; and
- Identification of transformative projects that support collaboration (e.g., leveraging computing assets to establish research partnerships, utilizing equipment and co-locations to assist manufacturers, and developing shared space for food processing).
Following the submission of each region’s two-year progress reports, beginning in October, the Strategic Implementation Assessment Team (SIAT) will visit each of the 10 regions, to hear oral presentations and participate in a tour of the Councils’ implementation activity and priority projects. These tours will make New York’s economic development process more transparent, open and publicly-accessible. Funding awards for the third round of the CFA process are expected to be announced this fall.
Governor Cuomo created the Regional Councils and Consolidated Funding Application (CFA) to fundamentally change New York’s operating model for economic development and job creation. The Regional Councils have transformed the way the State invests in economic development, shifting from a top-down approach to a community-based, performance-driven model which empowers individual regions to develop, invest in, and advance regional solutions and job-creating projects to spur economic growth.
To learn more about each regional council and their economic development plans, visit www.regionalcouncils.ny.gov.