2017 annual investor report€¦ · business mentors available to accelerate early stage growth...

2017 ANNUAL INVESTOR REPORT

D.A. Collins Construction Co., Inc., D.A. Collins Environmental Services, LLC.,Kubricky Construction Corp., Pallette Stone Corp., Jointa Galusha, LLC., & Jointa Lime Company

TM

www.dacollins.com

We are honored to support the Saratoga Economic Development Corporation

Occupational MedicineA service of Saratoga Hospital

Occupational Medicine is a Saratoga Hospital specialty service dedicated to supplying comprehensive health and safety solutions to clients as they strive to maintain safe environments for their employees and meet the regulatory mandates specific to their industry.

Convenient Comprehensive Services• Pre-placement exams• DOT, 19A-bus driver exams• Firefighter exams• OSHA surveillance exams (respirator, asbestos, HAZWOPER, lead, etc.)• Physical capacity screenings• Injury management• Return to work evaluations• Drug and alcohol testing

Training• DOT supervisor training• Urine drug screen collection, and breath alcohol testing• American Heart Association Heartsaver® First Aid CPR AED• Bleeding control training

Workplace wellness• Biometric screening• Bloodborne pathogen exposure training• Flu vaccines• Customized programs

Travel Medicine• Consultations, medications, vaccinations, and more.

Rehabilitation and Work Hardening Services• Through our Regional Therapy Services of Saratoga Hospital.

OCCUPATIONALMEDICINE

A SERVICE OF SARATOGA HOSPITAL

2388 Route 9, Malta, NY 12020Appointments: 518-886-5412 • Client relations: 518-886-5417

[email protected]

28 Clinton St., Saratoga Springs, NY 12866 | 518.587.0945 | www.saratogaedc.com

Table of Contents:Quick Click to What’s Inside

Welcome Letter

Board Of Directors & Board of Governors Advisory Council

2017 Economic Development Results

Spark Saratoga

Workforce Development & Education

Building & Infrastructure Capacity

Save the Dates

2017 Annual Investor Report

A WORD FROM OUR PRESIDENTA Formula for Sustained SuccessBy Dennis Brobston, President, Saratoga Economic Development Corporation

Promoting Saratoga County, retaining, and growing jobs and wages are SEDC's mission and 2017 was a productive year. Publicly reporting progress against economic development goals helps keep SEDC ac-countable for delivering tangible results. 2017 alone produced $30.3 million of new investment leading to 430 jobs. These jobs will add over $8.6 million of annual household income in area communities.

We realized job retention goals by supporting local small and mid-sized business expansions. SEDC helped homegrown manufacturer Greenfield Manufacturing, Inc. expand in Saratoga Springs even while being recruited nationally. SEDC supported one of the newest additions to the Saratoga business community, Arnoff Logistics, to expand their Malta facility creating 20 new jobs. We helped retain corporate headquar-ters for software developer, Kitware, in Saratoga County even with offices and clients internationally. G&G Specialties Environments, a producer of waterproof LED lighting systems, expanded into Halfmoon with SEDC's help, adding good jobs and diversifying its tax base. SEDC also worked with MJ Properties to get approvals from the Clifton Park IDA for two much-needed “SPEC” buildings in Fairchild Square. Providing flexible light industrial space for expanding and new companies achieves a critical goal of realizing job-ready capacity for businesses to get a foothold in Saratoga County and grow here.

Our investor members and the incentives granted by longtime community partners at the Saratoga County IDA, National Grid and NYSEG remain key ingredients to future success. SEDC’s Advance Saratoga goals to generate billions of dollars of investment and over 10,000 new and retained jobs through 2020 relies on our members and community partners. Our ambitious objectives mean we must stay apace of target business sector needs impacting investment and expansion decisions, such as:

• Understanding the expanding demand for electricity and thermal energy needs of area businesses tohelp them with competitive energy and efficiency options.• Identifying attractive sites viable to develop distribution and advanced manufacturing.• Sustaining confidence with premier site selectors to attract advanced manufacturers along with supplychain investment and corporate headquarters.• Helping educators better align with regional businesses to improve workforce opportunities for good-paying jobs.• Diversifying living options for workforce households to continue to thrive in Saratoga County.• Inspiring and supporting more entrepreneur innovators.

To attain dynamic job growth, and attract capital and executive leadership, we must pair promising entrepre-neurs with qualified regional professional service partners, experienced mentor teams, capital partners and collaborative spaces that will retain and attract their talent. In 2017, we launched Spark Saratoga, Saratoga County’s first entrepreneur business incubator to inspire, mentor and accelerate emerging busi-ness development. By leveraging our investor members and the region's world-class expertise, we will fa-cilitate a deep network to bolster talented entrepreneurs. Qualified innovators are eligible to receive supportive services from our expansive mentor and resource partner network.

SEDC is proudly 100% community investor funded and led. We operate at the speed of business to drive strategic investment generating job growth. Like what you see? Please consider SEDC for 501(c)3 deductible contributions here(www.advancesaratoga.com).Don’t hesitate to contact us to discuss ways SEDC & its investor members can help yourbusiness thrive in 2018!

Invest In Your Future

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https://saratogaedc.com/about-sedc/advance-saratoga


While services and mentorship from SEDC members will boost our region's appeal to innovators and could deliver enticing enterprises for capital investors, this mindset will also enhance our Advance Saratoga initiatives. Entrepreneurs' vision to imagine and zeal to pursue new and disruptive business adds leadership skills for a dynamic workforce. This empowers innovators to stay or relocate here, developing a talent pool for new and existing companies. Talent attracts talent.

SEDC’s member investments PLUS meaningful engagement empower us to move at the speed of business. It is our formula to promote our region, retain businesses and jobs, and grow new opportunities year after year helping sustain Saratoga County's success. SEDC is energized to engage with our investors, community partners and leaders, and is always open to new paths to boost Saratoga County's world-class standing in 2018 and beyond.

Faithfully,

Dennis A. Brobston, President

Promote. Retain. Grow.

Dennis A. BrobstonPresident

Tori J.E. RileyVice President

Ryan Van AmburghEconomic Development

Specialist

Susan RowlandOffice Administrator

SEDC Staff

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Tom Longe, Chairman


Board of Directors

Board of GovernorsAdvisory Council


Tom LongeChairman

D.A. Collins Companies

John MunterVice Chair

Munter Enterprises

Steve SeaboyerSecretary / Treasurer

Business Operations Consultant

Doug FordAssistant Treasurer

Curtis Lumber

Kimberly Finnigan, Esq. GlobalFoundries

Dr. Joseph DragoneCapital Region BOCES

Angelo CalboneSaratoga Hospital

Cindy HollowoodOfficer-at-Large

Holiday Inn Saratoga Springs

Steve von SchenkAdirondack Trust Company

Todd ShimkusSaratoga County

Chamber of Commerce

Tom SamascottMalta Development Co., Inc.

Dr. Tai Arnold, SUNY Empire State CollegeMegan Bast, Bast Hatfield ConstructionKristen Berdar, BST & Co.John V. Bove, G. A. Bove FuelsDaniel B. Burke, NBT BankAngelo Calbone, Saratoga HospitalRob Camoin, Camoin Associates, IncBrian Carmer, Stone Bridge Iron & Steel, Inc.James Carminucci, Lemery GreislerSue Commanda, Hudson River Community Credit UnionDavid S. DeMarco, Saratoga National Bank & Trust Co.Douglas Leavens, WSWHE Boces Christopher Dowd, Ballston Spa National BankDr. Joseph Dragone, Capital Region BOCESDr. Kristine Duffy, SUNY AdirondackRobert Feldman, Logistics OneFil Fina, Aztech Technologies, Inc.

Kimberly Finnigan, Esq., GlobalFoundriesDoug Ford, Curtis LumberDan Frankowski, Quad/GraphicsTodd G. Garofano, Saratoga Convention & Tourism Bureau Ed Garrigan, C.T. Male Associates, P.C.Raj Ghoshal, Polyset Co.Jim Harris, Jr., Janitronics Facility Services Inc.Cynthia Hollowood, Holiday Inn Saratoga SpringsBrien F. Hollowood, Unlimited Potential, Inc.C. Michael Ingersoll, LA Group, P.C.David Jersen, Jersen Construction GroupErinn Kolligian, McGregor Village Development CorporationTom Longe, D.A. Collins CompaniesJason MacGregor, MinichMacGregor Wealth ManagementScott Martel, Plumbers & Steamfitters Local 773Dr. Andrew Matonak, Hudson Valley Community CollegeZach Middleton, Millwrights Local Union 1163

Beth Moeller, Interactive Media Consulting, LLCJohn E. Munter, Munter Enterprises, Inc.Valerie M. Muratori, Saratoga BridgesKatharine Newcombe, National GridSteve Obermayer, BBL Construction Services, LLC Frank Parillo, Saratoga Prime PropertiesBill Pels, Barton & Loguidice P.C.Michael Phinney, Phinney Design GroupMelany Putman, NYSEGSteve Rowland, Butler Rowland Mays Architects, LLP Tom Samascott, Malta Development Co., Inc.Tom Savino, CBRE-AlbanySteve Seaboyer, Business Operations ConsultantTodd Shimkus, Saratoga County Chamber of Commerce Theresa Skaine, Skaine & Associates, LLCCarl Stewart, Turner ConstructionSteve von Schenk, Adirondack Trust CompanyAlan Winslow, Espey Mfg. & Electronics Corp.

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2017 ECONOMIC DEVELOPMENT RESULTSReturn on Your Investment

2017 Project Totals - Jobs & Investment


+ Every $1 invested in SEDC produced $18 in local wages created

+ Every $1 invested in SEDC produced $940 of project investment

*GlobalFoundries represents 93% of investment, 8% job impact and 26%of payroll impact

SEDC member investors have impacted since 2014:Over $2.5 Billion of new project investment Over 1,700 local jobs retained & created Over $47 million in new payroll

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SEDC launched SPARK Saratoga in response to entrepreneurs’ requests to make experienced business mentors available to accelerate early stage growth businesses. The mission of the incubator is to inspire, mentor and accelerate startups and early stage businesses. All ages and sectors of businesses are welcome to visit the web-based portal, www.SparkSaratoga.com, to learn more and submit your idea for evaluation.

All concepts must have "freedom to operate" from an intellectual property standpoint, have a $100 million addressable market at minimum,and be technically viable in order to pass the filter. An action plan is generated with the entrepreneur to address the opportunity. Please findan abbreviated list below of the elements able to be supported:

• Rapid prototyping (3D printing, CNC, desktop lathes, laser cutters, full machine shop)• Personnel/Staffing consulting• Management consulting focused on manufacturing• Web design/development• App design/development

Spark Saratoga is focused on broadening local business innovation and acceleration and fostering their development through SEDC's network of proven mentors and regional resource partners. Product research and development, market analysis and access to potential capital will be enhanced.

To Date: 30 existing and

startup companies

Over 350 hours of mentoring and professional support

valued at over $12,000Direct Financial Grants of

Over $22,000

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WORKFORCE DEVELOPMENT & EDUCATIONCareer Jam : October 25th, 2017Delivering on workforce readiness to retain talent

On Wednesday, October 25th, 2017, local workforce leaders collaborated to host the region’s inaugural Career Jam, a one-day hands-on career exploration event for over 800 8th and 9th grade students from local school districts. Local businesses from each Career Cluster were present with hands-on activities to engage and inspire students to look at the many career opportunities and areas of study that are relevant to workforce skills needed in our region.Please take a moment and watch this brief video highlighting the day’s events.

• Business model generation and testing• Branding (logo design, marketing plans)• Market research• Financial management consulting• Supply chain analysis and research

www.SparkSaratoga.com

https://www.youtube.com/watch?v=sYCmqQDgxoE


BUILDING & INFRASTRUCTURE CAPACITYDoing Business in Malta: September 22, 2017

As economic development professionals, we are as good as our engagement with leaders driving economic decisions and those in the community preparing the landscape for them to invest and prosper. Building inventory and capacity to develop next generation opportunities must align with those market forces. Click HERE to view this video highlighting ready assets in Malta. Our thanks to National Grid and New York Electric & Gas (NYSEG) for sponsoring this initiative.


Malta officials took up the challenge to listen to its residents and the business community to define their goals and streamline approval processes to attract commercial investment. Risk-taking developers have delivered ready to lease or buy assets strategically positioned to support existing semiconductor industry needs, and future opportunities. And of course, we have tremendous assets ready at the Luther Forest Technology Campus, for reuse at the State Farm campus and along the Routes 9 & 67 corridors. Promoting these assets in collaboration with Commercial & Industrial Real Estate Brokers Inc. (CIREB), community leaders, regional marketing partners, Center for Economic Growth and New York Empire State Development, and directly to site selectors are ways we help attract investment and job creation.

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Pictured: J. Gregory Connors, Global Foundries, U.S.

Pictured, left to right: Gary Dake, Stewarts Shops; Tony Tozzi, Building and Planning Director (former), Town of Malta; Vincent DeLucia, Supervisor, Town of Malta; Timothy Dunn, Town Councilman, Town of Malta.

https://www.youtube.com/watch?v=DcX_g5YR5Nw



Supporting Saratoga Area Employers’ Competitive Productivity

Efficient, reliable and available energy is key to retaining and growing employers. Saratoga is home to many materials handling com-panies employing 1,000s of area people delivering tens of millions of wages into the community. To highlight potential electric demand reduction and improved workplace productivity, we teamed with Plug Power, and long-time member, Logistics One, to develop a live demonstration of the competitive advantages of their hydrogen fueled GenDrive™ systems to their businesses today. The strategic workshop also featured potential fleet fuel cell applications of tomorrow. An expanded area hydrogen fuel network could support future clean fleet fuel at a competitive cost.

Electric/Gas Forecast Survey Staying Competitive & Prepared for Growth

SEDC initiated an energy demand analysis, co-funded by investor partner National Grid, confidentially seeking targeted large electric and natural gas users' current and anticipated needs. This proactive effort was helpful to National Grid and its engineers as they plan energy investments aligned with area energy use. As part of its rate case process, National Grid submitted plans to the NYS PSC for future investment to help serve growing natural gas and electric demand.

SEE Saratoga™ Dynamic database to analyze all sites, demographics for development

In conjunction with SEDC investor and economic development partner, National Grid, and the support of CIREB and Saratoga County integrating real estate listings and tax maps, SEDC launched the region’s only one-stop dynamic database to evaluate real estate.

Complete available commercial listings, SEDC member listings, environmental, infrastructure, tax map IDs, key employer, school and demographic data sets can be mined around potential sites. It is accessible 24-7 to site selectors, town planners, school and academia at SEE Saratoga via desktop or mobile device at SEDC’s homepage: www.saratogaedc.com.

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Save the Dates

January 31st

May 3

As an influencer in growing our region's economy, you won't want to miss the opportunity to shape and drive economic

priorities. Click HERE ASAP to reserve you and your team’s chance to learn how your SEDC investment is

performing, and about new ways for your organization to directly participate.

5:30pm-7pm, Holiday Inn, Saratoga Springs

SEDC: Follow Us on Facebook, Twitter, LinkedIn, and Youtube

@saratogaEDC https://www.linkedin.com/groups/2739369/profile

@saratoga.edc

Spark Saratoga: Follow Us on Facebook and Twitter

@sparksaratoga@SparkSaratoga

@SaratogaEDC

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Annual Investor/Member Meeting

SEDC’s 40th Anniversary Celebration

5:30-8pm, Canfield Casino, Congress Park, Saratoga Springs

https://www.linkedin.com/groups/2739369/profile

https://www.facebook.com/SparkSaratoga/

https://twitter.com/sparksaratoga

https://www.facebook.com/saratoga.edc

https://twitter.com/SaratogaEDC

https://www.youtube.com/user/SaratogaEDC

https://saratogaedc.com/2018-member-wide-meeting-registration-form

2017 annual investor report€¦ · business mentors available to accelerate early stage growth...

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