Central New York Regional Economic Development Council Submits 2014 Progress Report and Round IV Priority Projects
The Central New York Regional Economic Development Council (CNYREDC) submitted its three-year progress report to the State Friday, August 15, providing detail on the Council’s achievements in implementing its five-year Strategic Plan. The 2014 progress report describes how the Council continues to advance the plan, includes revisions to some of its existing strategies, and provides an implementation agenda and performance metrics to track the advancement of job-creating priority projects awarded funding in 2011, 2012 and 2013. Additionally, the CNYREDC provided the State with a list of 36 priority projects it has endorsed for Round IV of the Regional Council competition.
The progress report can be found at http://regionalcouncils.ny.gov/content/central-new-york.
“Through the Regional Council, Central New York has created a forum for new thinking, stronger partnerships, and growth-oriented investments that are bolstering our region's economic growth,” said Regional Council Co-chairs Kent Syverud, chancellor of Syracuse University and Robert Simpson, president of CenterState CEO. “Over the past three years, our region has implemented strategic priorities to grow well-paying industries, drive innovation and entrepreneurship, prepare businesses for a globally competitive economy and expanding market opportunities, cultivate civic trust, and encourage economic mobility within the region. We are confident that the 36 priority projects recommended for funding this round will continue that momentum, leveraging the greatest return on investment to stimulate growth and create prosperity across our five counties.”
In 2014, the CNYREDC has implemented strategies that will most immediately transform communities and increase the region’s economic growth. The Council’s priorities included advancing Round I, II and III projects, and working to select Round IV projects that accomplish multiple goals and strategies in order to create a more collaborative environment for economic development. Additionally, the CNYREDC focused much of its effort on increasing interregional collaboration, becoming more competitive globally, and creating a plan to fully utilize one of the region’s most valuable assets, its large veteran population.
The following 36 projects were endorsed by the Council as regional priorities for Round IV of the Regional Council competition and submitted to the State:
- SBB, Inc – Expansion (Onondaga) SBB will purchase an existing TECS manufacturer and construct a new building for the combined businesses. This project will help increase quality, allowing the company to better compete in the global market.
- US Intercorp LLC – Expansion (Cayuga) US Intercorp will purchase and install new machinery and equipment in an expanded manufacturing facility in Auburn. The manufacturer intends to expand its product offerings in the heating and cooling industries.
- Euphony Audio and Speed Technology (Onondaga) Euphony will develop a language and speed data processing system to automate data analysis to add voice, language, and context to text-to-speech technologies. This project will create new technologies, software, and tools to adapt new languages and speech data into the product.
- Crouse Hospital – Emergency Department Expansion (Onondaga) Crouse Hospital will expand its emergency department from less than 8,000 square feet to a new space that is approximately 16,000-square-feet. This expansion will allow Crouse to better align its health care support system and provide a higher quality of care to its patients.
- Le Moyne College Health Professions Expansion (Onondaga) Le Moyne College will renovate and equip two floors of its Coyne building for science labs and related facilities, which will enable growth of the college’s health programs and increase its capacity to attract international students. The project will also create a strong foundation to maintain a pipeline of qualified professionals to support the health, biomedical services and biosciences sectors.
- Good Nature New Farm Brewery Facility (Madison) This project will construct a new indoor and outdoor manufacturing facility and event space on an underutilized property outside of Hamilton. This expansion will allow for statewide distribution of the company’s products, which use predominantly locally grown ingredients.
- Hops Yard and Micro Malting (Onondaga) Oran Station Brewing Supplies will create a vertically integrated farm brewery in the town of Manlius. The project will expand hops and barley production at the facility and will build a new craft brewery to tap into the region’s growing brewing industry.
- Hardwood Transformations Engineered Flooring (Division of HTI) (Oswego) The company will invest in its manufacturing facility to purchase and install machinery and equipment to support a new division that will focus on a new patented engineered flooring product. The product is globally competitive, environmentally sustainable and complies to LEED and Lacy Act criteria.
- Cazenovia Hospitality, LLC (Madison) This project will build a national chain hotel on Nelson Street in Cazenovia. The property will offer 80 guest rooms and a conference facility that can accommodate up to 300 people. The project fills a void for a much needed hospitality center in the region, particularly with the growth of local agribusiness and arts, culture and educational activities in the area.
- Owera Farm Winery II (Madison) Owera will expand its Round I funded project by constructing an 8,500-square-foot building for wine sales, small group instruction and storage. The permanent structure will enable year-round operation and enhance on-farm marking and regional tourism.
- Twenty East – Renovations for Agri-tourism Destination (Madison) This project includes the renovation of underutilized commercial buildings into a unique agri-tourism based destination, and builds off the strong agri-business and tourism growth experienced in Madison County over the past five years.
- Woodbine Group – Tailwater Barn Banquet Facility (Oswego) Planned for construction in spring 2015, the Tailwater Barn will be a 10,000-square-foot, full-service banquet facility designed to complement the newly opened Tailwater Lodge. The facility will turn the Tailwater Lodge into a tourism destination and will attract new weddings, conferences and retreats to the town of Altmar.
- Northeast UAS Airspace Integration Research Alliance, Inc. – Test Range Instrumentation (Oneida) This interregional project will install surveillance and radar systems at the FAA-designated Griffiss International Airport test site. The project will give the FAA New York UAS test site the potential to lead development of a Detect and Avoice system for the safe UAS operations in the national airspace.
- Onondaga Historical Association – Iroquois Heritage Center (Onondaga) This project will conduct interior renovations to the existing building at 6680 Onondaga Lake Parkway to repurpose the underutilized facility into a Haudenosaunee heritage center. The project will align with the region’s overall tourism efforts by adding an additional historic tourism asset.
- Selkirk Point Redevelopment Planning and Design (Oswego) CNY Enterprise Development Corporation will complete a predevelopment study, planning and design for a commercial and mixed-use redevelopment of Selkirk Point on Lake Ontario. The site is a nationally registered historic place and the redevelopment will showcase the area’s history and promote new tourism opportunities.
- Corsos Cookies – New Plan (Onondaga) will build a new facility on the SUNY OCC campus. The new location will allow the company to continue to grow its manufacturing capacity in order to serve the growing demand from national retail customers.
- County of Oswego IDA – Incubator Collaboration Feasibility Study (Oswego) This project will evaluate the feasibility of redeveloping the former Price Chopper grocery store in the City of Oswego into a world-class, mixed-use incubator facility. The study will examine the available space as it could impact small businesses, improve a distressed neighborhood and fill the need of an incubator space in Oswego County.
- Stonewell Bodies Machine, Inc – Prototype Facility Development (Cayuga) This project will expand the existing facility and workforce to add high technology equipment and CNC machines. The expansion is necessary to keep up with growing demand and to maintain existing market share.
- Quasi Equity Loan Program (All CNY) CNY Enterprise Development Corporation will recapitalize its Quasi-Equity loan program, targeting early stage businesses or new ventures. The firms must identify products or services with demonstrated market acceptance and realistic growth potential. CNYEDC estimates the creation of 90 new jobs and leverage of $5 million in additional investment.
- Bauer Performance Lacrosse – Expansion (Onondaga) Bauer will expand its existing capacity and production in Liverpool, including the purchase of new test lab equipment to meet the industry standards for safety and new technology for graphically enhancing helmets that are sold around the world.
- Cortland Company, Inc. – Relocation (Cortland) Cortland Company will invest in relocating to a larger and more suitable facility for its manufacturing of specialty rope and cable products business. The company originally considered sites outside of New York but would like to keep the manufacture of these internationally competitive products in Central New York.
- Onondaga County Department of Water Environment Protection (Onondaga) This project will invest in sanitary sewer improvements that will service many new economic development projects located in the Inner Harbor and the North Side of Syracuse.
- Sunoco, Inc – Truck and Scale Entrance Improvements (Oswego) The proposed Owens Road improvement project will acquire and install two scales, construct a scale house, and repave the entrance way to the existing facility. This project will provide for a much more efficient and safe delivery of products to the Sunoco facility, which is a strong partner and customer of the Port of Oswego.
- Colgate University – Center for Art and Culture (Madison) This project will relocate two Colgate University museums to a newly constructed Center for Art and Culture in downtown Hamilton. The two museums are currently in outdated facilities and this expansion will allow them to better care for existing collections while making them more accessible to visitors and the community.
- 538 Erie Blvd West LLC – CG Meaker Redevelopment Project (Onondaga) This project will redevelop the CG Meaker building along Erie Boulevard West into a residential and commercial mixed-use property. This redevelopment continues the revitalization of the Park Avenue neighborhood and connects it to the new vibrancy of downtown Syracuse.
- City of Cortland – Two-Way Main Street Feasibility Study (Cortland) The City of Cortland will commission a feasibility study of the conversion of the downtown Cortland Main Street into a two-way street. The study will generate information and recommendations concerning costs, lane configuration options and economic impact.
- Excellus 2014 – Paradise Companies II (Onondaga) Paradise companies will invest in redeveloping the former Excellus building into a mixed-use complex consisting of commercial and office space and apartment units. This is currently one of the largest vacant buildings in downtown Syracuse.
- Home HeadQuarters, Inc. – Mixed Use Redevelopment (Onondaga) This project will convert an underutilized parking lot, a vacant building and multiple vacant parcels on three corners of an intersection in the Near West Side of Syracuse into a mixed-use development that includes eight new properties for owner occupants.
- Infinity Armory, LLC – SKY Armory Phase II Redevelopment (Onondaga) Sky Armory Phase II continues the development for the former Wells & Coverly building into a top event space for the region. The expansion will create a food and beverage production area in an unutilized space in the first floor along with an additional ballroom. The building is adjacent to the Pike Block and is a key component of the ongoing revitalization of South Salina Street in Syracuse.
- Redhouse Arts and Culture Complex (Onondaga) The relocation of the Redhouse to the Sibley’s building in downtown Syracuse will lead to an increase in the vibrancy of the city’s main street. The renovation will include a complete façade transformation, a new courtyard and new classroom space.
- Syracuse Community Hotel Restoration Company, LLC – Hotel Syracuse Redevelopment (Onondaga) This project will invest in the redevelopment of one of the most important and culturally significant buildings in downtown Syracuse. The renovated property will provide guest rooms, three main ballrooms, a restaurant, lounge and new lobby.
- Syracuse EDC/Shalimar Properties 407 LLC – Mizpah Tower (Onondaga) This project will conduct a structural analysis of the Mizpah Tower in downtown Syracuse on behalf of Shalimar Properties 407, LLC. Built in 1914, the Mizpah is a five-story gothic-style building overlooking Syracuse’s Columbus Circle. The property has been vacant and unmaintained for the last 25 years and this feasibility analysis will determine the best path forward for the property.
- VG Rentals, Inc. – Mixed-Use Redevelopment (Cayuga) VG Rentals will rehabilitate two historic buildings in downtown Auburn. The renovation of these buildings will aid in the transformation of the physical character in this key redevelopment site in the center-city corridor.
- 201 East Jefferson Street LLC (Onondaga) Project will redevelop a five-story, 30,000-square-foot building in downtown Syracuse, which is currently 60 percent vacant, into a unique live/work space. In addition to residential space, the project will feature a co-working office that will attract 100 new workers to downtown and create space for entrepreneurial events.
- St. Joseph’s Hospital Health Center – Northside Training and Entrepreneurship Center (Onondaga) SUNY OCC, together with St Joseph’s Hospital Health Center, Northside UP, CenterState CEO and other community partners, will increase accessibility of its non- credit training and education services to the residents of Syracuse, and relocation programs to newly renovated properties on the city’s North Side.
- Inner Harbor Housing (Onondaga) Empire Housing and Development Corporation will redevelop a property adjacent to the Syracuse Inner Harbor to build a mixed-use facility aimed at providing residential and other support services to Veterans. The project will include a Veteran’s One Stop Center that will connect veterans to the community and other resources.
To continue building on the success of the last three rounds, up to $750 million in State resources is available in 2014. Funding for the fourth round includes $220 million in competitive funds from Empire State Development ($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 $530 million from State agency programs through the CFA to support regionally-significant economic development projects.
The competition will be split into two parts: the five regions identified as Top Performers in 2013 will compete for two awards of $25 million each; and the five regions not identified as Top Performers in 2013 will compete for three awards of $25 million each. The balance of the $25 million in capital funds will be divided among the remaining five regions. Each region will also be eligible for up to $10 million in Excelsior Tax Credits to help attract business and create jobs in the region.
The competition this year will focus on:
- Implementation of regional strategic economic development plans;
- Performance in encouraging economic growth through job creation and investment; and
- Identification of global marketing and export strategies.
Funding awards for the fourth round of the CFA process are expected to be announced this Fall.
The CNYREDC, which is composed of Cayuga, Cortland, Onondaga, Oswego, Madison counties, is one of 10 regional councils across New York state that serve as a single point of contact for economic activity in the regions. After three rounds of the REDC initiative, 226 projects across the Central New York region have been awarded a total of $264 million in state support through the Regional Council and Consolidated Funding Application (CFA) process in the statewide competition.
About the Regional Economic Development Councils
The Regional Economic Development Council initiative (REDC) is a key component of Governor Andrew M. Cuomo's transformative approach to State investment and economic development. In 2011, Governor Cuomo established 10 Regional Councils to develop long-term strategic plans for economic growth for their regions. The Councils are public-private partnerships made up of local experts and stakeholders from business, academia, local government, and non-governmental organizations. The Regional Councils have redefined the way New York invests in jobs and economic growth by putting in place a community-based, bottom up approach and establishing a competitive process for State resources. After three rounds of the REDC process, more than $2 billion has been awarded to job creation and community development projects consistent with each region's strategic plans, supporting the creation or retention of more than 100,000 jobs.
For more information on the Regional Councils, please visit www.regionalcouncils.ny.gov.