status · esd quarterly report: 3rd quarter of fiscal year 2018-19 1 status report: 3rd quarter...

ESD Quarterly Report: 3rd Quarter of Fiscal Year 2018-19 1

STATUS REPORT: 3RD QUARTER FISCAL YEAR 2018-19

As required by statute, this report contains the status of economic development programs administered by the Urban Development Corporation, doing business as the Empire State Development (“ESD”). Funding for the projects listed herein was approved by ESD during the 3rd Quarter of Fiscal Year 2018-19 (October 1 through December 31). During this period, ESD approved 103 awards to 94 companies or organizations for 101 projects totaling $307,089,162 funding commitments. These projects will retain 7,646 jobs, create 2,528 jobs and leverage $1,899,465,020 in private or other public sector investment.

Contents

Introductory Information: ▪ Economic Development Programs: Appropriation Categories Section 1: ▪ Cumulative Summary of Commitments and Disbursements by Appropriation ▪ Cumulative Summary of Commitments by Appropriation: Project List ▪ Cumulative Summary of Disbursements by Appropriation: Project List Section 2: ▪ Geographic Distribution of Approved Projects ▪ Geographic Distribution of Approved Projects: Project List Section 3: ▪ Job Creation and Retention ▪ Job Creation and Retention: Project List Section 4: ▪ Impact of Approved Projects on Distressed Urban and Rural Communities,

Small- and Medium-sized Businesses and Strategic Industries ▪ Distressed Urban and Rural Communities: Project List ▪ Small- and Medium-sized Businesses: Project List ▪ Strategic Industries: Project List Appendix ▪ Benefit Cost Evaluations ▪ New York State Map: Location and Amount of Commitments


ECONOMIC DEVELOPMENT PROGRAMS: APPROPRIATION CATEGORIES

Projects in the report are funded from the appropriation (and reappropriation) categories listed below, including the Fiscal Year(s) (“FY”) of appropriations.

▪ Buffalo Regional Innovation Cluster – an appropriation to support economic development programs in the

City of Buffalo and surrounding areas.

▪ Community Development Financial Institution Program – an annual appropriation that provides micro-loans to businesses that do not qualify for bank loans as well as one-on-one counseling and business development assistance to facilitate credit-readiness.

▪ Economic Development Purposes Fund – an appropriation that made $31.18 million of funding available for business investment, job creation, promotion of tourism, domestic and international trade missions, and economic growth investment initiatives.

▪ Economic Development Initiatives Program – $2 million of this annual appropriation is used to provide assistance to companies and not-for-profit organizations to increase the export of New York’s products and services to foreign markets. Grants are made to help New York State’s private sector identify and develop export markets and increase their sales, thereby creating and retaining jobs. In addition, this appropriation is used for various marketing and tourism initiatives.

▪ Empire State Economic Development Fund – created in 1996, and generally funded annually, this

appropriation provides assistance for projects that promote the economic health of New York State by facilitating the creation or retention of jobs or the increase of business activity.

▪ Entrepreneurial Assistance Program – two annual appropriations that establish and maintain Entrepreneurial

Assistance Program Centers in local communities to provide instruction, training, technical assistance, and support services to individuals who have recently started their own business or are interested in starting a business.

▪ Manufacturing Technology Advancement Grant (Federal DOD OEA 2018)- Federal funding from the National

Institute of Standards and Technology (NIST) Manufacturing Extension Partnership (“MEP”) was awarded in 2016 to increase New York State manufacturing competitiveness by way of funding projects in which companies adopt or advance a technology related to certain Manufacturing USA Institutes.

▪ JOBS Now Program – this appropriation, created in 1998, promotes the state’s economic health and the increase of economic activity by encouraging the expansion of current businesses and attraction of new businesses, primarily targeting companies that create at least 300 new permanent, full-time private sector jobs, with 25% of funds allowed for the creation of 100-299 jobs.

▪ Metropolitan Economic Revitalization Fund – a $25 million fund created in 1996 to revive economically distressed neighborhoods in the Port District of New York by offering capital loans that will result in retention or creation of a significant number of private-sector jobs.


ECONOMIC DEVELOPMENT PROGRAMS: APPROPRIATION CATEGORIES CONTINUED

▪ Market NY Program – an annual appropriation awarded through the Regional Council Consolidating Funding

Application process, to support regionally themed, New York focused projects to help to bolster tourism growth by promoting tourism destinations, attractions, and special events.

▪ Minority and Women-owned Business Development and Lending Program – an annual appropriation that provides financial assistance to minority- and women-owned business enterprises via loan funding.

▪ New NY Broadband Program – a $500 million appropriation to support broadband deployment to Unserved

and Underserved areas of the State, at Internet speeds of at least 100 megabits per second (Mbps) (download) in most places, and 25 Mbps (download) in the most remote parts of the State.

▪ New York Power Authority (“NYPA”) Craft Beverage Marketing Program – Funding established in FY 2014-2015, under Section 19 of Part I of Chapter 55 of the State Law, allowing the Power Authority of the State of New York to make a contribution of up to $90 million to the State Treasury, a portion of which was directed to the credit of ESD in furtherance of ESD’s Statewide economic development initiatives. The program will also support marketing initiatives that target craft beverage businesses located within the Central New York region to increase the profile, awareness and sales of Central New York produced wine, beer, spirits, and hard cider.

▪ New York Works Economic Development Fund – an annual appropriation to support economic development.

▪ New York Life Science Initiative Fund – A $320 million appropriation in the FY 2017-2018 budget to spur the growth of a new, world-class life science research cluster in New York, as well as expand the state’s ability to commercialize this research and grow the economy.

▪ Regional Council Capital Fund – an annual appropriation established under the Governor’s Regional Economic Development Council Initiative to support capital-based economic development initiatives intended to create or retain jobs, prevent or reduce unemployment and underemployment and to increase business activity in a community or region.

▪ Restore New York Communities Initiative – a $300 million appropriation, awarded over three years (FY 2006-

07, FY 2007-08, and FY 2008-09), that aids municipalities in revitalizing vacant, abandoned or deteriorating commercial and residential properties which may be in need of demolition, rehabilitation or reconstruction. The FY 2016-17 budget also included a $25 million Appropriation for the program, while an additional $15 million was re-allocated from the earlier $300 million appropriation. In addition, the FY 2017-18 budget included a $70 million appropriation for the program with a reallocation of $10 million from the original $300 million appropriation.

▪ Upstate Revitalization Initiative - The New York Upstate Revitalization Initiative (URI) is part of an overall

program aimed at systematically revitalizing the economy of Upstate New York. Modeled after the success of the Buffalo Billion Initiative, the URI is an opportunity for the communities of upstate New York to address the economic challenges of their regions and work together in bringing jobs back upstate.

▪ Urban and Community Development Program – an annual appropriation that promotes economic development by encouraging economic and employment opportunities in targeted communities and urban areas.


SECTION 1: CUMULATIVE SUMMARY OF COMMITMENTS AND DISBURSEMENTS

Cumulative Summary of Commitments by Appropriation

Commitments are broken down by appropriation category and detail the total funding commitments approved by ESD during the 3rd Quarter of FY 2018-19. Appropriation Commitments

Buffalo Regional Innovation Cluster $15,000,000

Community Development Financial Institution $1,795,000

Downtown Revitalization Initiative $1,075,000

Economic Development Initiatives Fund $157,673

Empire State Economic Development Fund $2,645,000

Federal Department of Defense Office of

Economic Adjustment 2018 $199,777

High Technology Innovation and Economic Development

Infrastructure Program $125,000,000

Market New York Program $606,155

New NY Broadband Program $18,491,206

New York Works Economic Development

Fund $71,000,000

New York State Life Science Initiative Fund $10,000,000

Regional Council Capital Fund $12,086,532

Restore New York Communities Initiative $9,765,819

Transformative Investment Program $25,000,000

Upstate Revitalization Initiative $14,180,000

Urban and Community Development Program $87,000

TOTAL $307,089,162


Cumulative Summary of Commitments by Appropriation: Project List (p.1)

Project Name Total Commitment

Buffalo Regional Innovation Cluster

Bethlehem Steel Redevelopment Phase II Capital $10,000,000

NFTA-Metro Rail Extension Environmental Reviews Capital $5,000,000

Subtotal $15,000,000

Community Development Financial Institution

Accion-Utica CDFI 20 $150,000

Alternatives/ Cooperative CDFI 20 $150,000

BCNA CDFI 20 $100,000

BOC CDFI 20 $100,000

Brooklyn Cooperative CDFI 20 $90,000

CAMBA CDFI 20 $55,000

CCNY CDFI 20 $100,000

CLFCR CDFI 20 $95,000

CODI CDFI 20 $70,000

EGF CDFI 20 $95,000

GRAMEEN CDFI 20 $100,000

HEF CDFI 20 $85,000

La Fuerza CDFI 20 $45,000

NTFCU CDFI 20 $60,000

Pathstone CDFI 20 $85,000

Renaissance CDFI 20 $100,000

TruFund CDFI 20 $95,000

WEDI CDFI 20 $100,000

WHIDC CDFI 20 $80,000

WVF CDFI 20 $40,000

Subtotal $1,795,000

Downtown Revitalization Initiative

SUNY Adirondack - Culinary Arts Center Capital $600,000

Twisted Rail Brewery Capital $475,000

Subtotal $1,075,000




Economic Development Initiatives Fund

Ben-Amun Working Capital $17,413

Diamond Dealers Club Working Capital $50,000

Gravity Ciders Capital $30,000

Hollowick Working Capital $25,000

Polyset Working Capital $24,660

Sussman Automatic Working Capital $10,600

Subtotal $157,673

Empire State Economic Development Fund

Drink More Good Capital $46,000

HNTB Capital $875,000

NYU Study of Economic Benefits of Cannabis Working Capital $300,000

Queensboro Farms Products Capital $133,000

Star Brands North America Capital $275,000

Stature Electric Capital $275,000

Stoneleaf Construction Capital $200,000

Super DIRT Week 2018 $541,000

Subtotal $2,645,000

Federal DOD OEA 2018

Inertia Switch- DOD Working Capital $50,000

Jay Moulding Product Redevelopment Working Capital $50,000

Mosaic - AMUSA Working Capital $49,777

MTEC-MPI DOD Working Capital $50,000

Subtotal $199,777

High Technology Innovation and Economic Development Infrastructure Program

Applied Materials Capital $125,000,000

Subtotal $125,000,000

Market New York Program

Brewery Ommegang Hospitality Center Capital $375,000

Campground Owners of NY Marketing Working Capital III $101,250

Hill Country Farm Brewery Working Capital $53,000

Silk Splendor: Kimonos from the Kubota Collection Working Capital $76,905

Subtotal $606,155




New NY Broadband Program

Frontier Phase 3 North Country Unserved Broadband Capital $2,651,214

Frontier Phase 3 Southern Tier Unserved Broadband Capital 9-77332 $7,070,959

Hughes Additional Service Areas Broadband Capital $305,865

Hughes Central NY Broadband Capital $599,288

Hughes Mid-Hudson Broadband Capital $613,776

Mohawk Networks Phase 2 New NY Broadband Capital Part 1 $1,432,409

Non-CAF Long Island Region Broadband Capital $116,708

Non-CAF Mohawk Valley Region Broadband Capital $1,015,401

Non-CAF Southern Tier Region Broadband Capital $1,160,714

Non-CAF Western NY Region Broadband Capital $827,979

Windstream NY BB P3 Broadband Capital $2,696,893


New York Works Economic Development Fund

Regeneron Pharmaceuticals Capital $60,000,000

AIM Photonics Capital URI $10,000,000

City of Jamestown NY Works EDF $1,000,000


NYS Life Science Initiative Fund

Regeneron Pharmaceuticals Capital $10,000,000


Regional Council Capital Fund

649 Bleecker Street Capital $200,000

Adelphi University Health Science Lab Capital $75,532

Current Applications M&E Capital $19,000

Dupli Envelope and Graphics Capital $175,000

Ellicottville Brewing Company Capital REC6 $600,000

For & Ever Wild Beverage Improvements Capital $18,000

Galvanize Capital $600,000

Growing Upstate Food Hub Capital $810,000

Hudson River Housing Capital $300,000


Cumulative Summary of Commitments by Appropriation: Project List (p.4) Project Name Total Commitment

Regional Council Capital Fund Continued

Hudson Valley Beverage Co. Capital $400,000

HVCC Building Systems Technology Programs $24,000

Masonic Medical Research Laboratory Capital $550,000

North American Tapes $45,000

ONX3 Capital $1,900,000

Roberts Wesleyan Technology Infrastructure Capital $145,000

Rochester General Hospital LPN Training School Capital $1,100,000

Seneca Park Zoo Master Plan Improvements Capital Phase 1a $1,500,000

SoYo Exalta Capital $1,000,000

Staten Island Museum Capital $45,000

Steel Plant Studios Capital RC5 $1,500,000

Steel Plant Studios Capital RC6 $1,000,000

Vincent Holdings- 98 Genesee Street Capital $80,000


Restore New York Communities Initative

City of Elmira - Lake Street RESTORE IV $500,000

City of Oneonta - Stevens Hardware Building RESTORE V $750,000

City of Yonkers - Cottage Place Gardens Redevelopment RESTORE V $2,500,000

Johnson City – iDistrict Revitalization Initiative RESTORE IV $60,000

Rochester Center City RESTORE V $5,000,000

Town of Evans - Point Breeze Demolition – RESTORE IV $189,419

Town of Marion – Main Street Marion RESTORE IV $266,400

Village of Newark Valley - Ladder Factory Demolition RESTORE IV $500,000

Subtotal $9,765,819

Transformative Investment Program

Hofstra University School of Engineering and Applied Science Capital $25,000,000


Upstate Revitalization Initiative

Datto Capital $2,100,000

Giovanni Food Consolidation and Upgrade $700,000

Greater Syracuse Soundstage $1,700,000

Innovation Group of CNY Arts Working Capital $4,880,000

LiveTiles Capital $3,500,000

Tioga County IDA- Weitsman Shredding Capital $1,000,000

Transitair Capital $300,000





Urban and Community Development Program

Batavia BID Feasibility Study Working Capital $12,500

Upper Port Jefferson Strategic Planning Working Capital $25,000

Village of Cooperstown Doubleday Field Working Capital $49,500

Subtotal $87,000

Total $307,089,162


SECTION 1: CUMULATIVE SUMMARY OF COMMITMENTS AND DISBURSEMENTS

Cumulative Summary of Disbursements by Appropriation

Disbursements are broken down by appropriation category and detail the total funding disbursements made during the 3rd Quarter of FY 2018-19 for funding commitments previously approved by ESD.

Appropriation Disbursements

Buffalo Regional Innovation Cluster $37,863,037

Community Development Financial Institution $17,500

DOS Capital Downtown Revitalization $21,478

Downtown Revitalization Initiative $460,296

Economic Development Initiatives Fund $8,485,171

Economic Development Purposes Fund $175,000

Empire State Economic Development Fund $6,227,618

Entrepreneurial Assistance Program $323,428

Market New York Program $461,250

Minority and Women-owned Business and

Development Lending Program $25,500

New NY Broadband Program $34,901,982

New York Works Economic Development Fund $2,268,643

NYPA Craft Beverage Marketing Program $249,355

Regional Council Capital Fund $21,358,494

Restore New York Communities Initiative $1,534,963

Transformative Economic Development Program $3,085,592

Upstate Revitalization Initiative $10,467,094

Urban and Community Development Program $118,093

TOTAL $128,044,492


Cumulative Summary of Disbursements by Appropriation: Project List (p. 1)


Total Disbursement in

Q3 2018-2019

Buffalo Regional Innovation Cluster

43North LLC Working Capital 2017-2018 $10,000,000 $3,250,000

Anderson Properties, Niagara Falls $27,005,000 $65,574

BNMC Kaleida Capital $15,000,000 $5,000,000

BNMC Smart Pill Building $8,000,000 $1,897,695

Buffalo Investment Development Strategy $2,250,000 $193,297

Buffalo Neighborhood Stabilization Initiative- Housing Preservation Program $2,000,000 $1,000,000

City of Lackawanna Smart Growth Buffalo Billions 17-18 $2,061,242 $1,442,869

Darwin Martin House Buffalo Billions 16-17 $5,000,000 $1,659,046

Fort Schuyler Management Corporation/AMRI Capital $50,000,000 $1,000,000

Northland Corridor Redevelopment and WNY Workforce Training Center Capital $10,300,000 $1,657,903

Northland Corridor Redevelopment/Phase II/Buffalo Manufacturing Works Capit $15,000,000 $8,250,000

Northland Corridor Redevelopment/Phase II/Buffalo Manufacturing Works Capit $10,000,000 $10,000,000

Restore the Gorge Buffalo Billions 16-17 $1,000,000 $37,654

Village of Gowanda Smart Growth Buffalo Billions 17-18 $2,500,000 $1,750,000

WNY Workforce Training Center EDG Vendor Contract $100,000 $659,000

Subtotal $160,216,242 $37,863,037

Community Development Financial Institution

La Fuerza CDFI 19 $35,000 $17,500

Subtotal $35,000 $17,500

DOS Capital Downtown Revitalization

Buckhurst, Fish & Jacquemart DRI 3 $300,000 $21,478

Subtotal $300,000 $21,478

Downtown Revitalization Initiative

City of Elmira Downtown Revitilization $4,000,000 $460,296

Subtotal $4,000,000 $460,296

Economic Development Initiatives

Avery Biomedical Devices Working Capital- Globlal NY 16-17 $25,000 $24,074

Business Attraction & Retention 17-18 $34,000,000 $1,900,971

Centrotherm Working Capital $23,051 $22,722

Dynamic Systems Working Capital $24,609 $12,869

Ithos Global Working Capital $25,000 $25,000

Liberty Pumps Working Capital- Global NY 17-18 $25,000 $21,873

Micatu Working Capital $11,375 $11,375

Tourism 17-18 $30,500,000 $6,466,288

Subtotal $64,634,035 $8,485,171

Economic Development Purposes Fund

Finger Lakes Museum Capital $1,500,000 $175,000

Subtotal $1,500,000 $175,000





Q3 2018-2019

Empire State Economic Development Fund

ABC Capital II $4,000,000 $500,000

Adirondack North Country Sports Council Working Capital $1,400,000 $1,272,500

Bausch & Lomb $2,000,000 $2,000,000

Metalized Carbon Capital $650,000 $325,000

New York Container Terminal Working Capital $15,000,000 $1,500,000

North Country Sustainable Lodging Study $250,000 $43,248

OANB Capital $300,000 $225,000

United Baking Capital $331,870 $331,870

Upstate Niagara Cooperative Capital $300,000 $30,000

Subtotal $24,231,870 $6,227,618

Entrepreneurial Assistance Program

Adirondack EDC Entrepreneurial Assistance Program Center 17-18 $81,465 $40,733

Bedford Stuyvesant Restoration EAP Center 16-17 $80,900 $79,149

Bedford Stuyvesant Restoration EAP Center 17-18 $81,465 $40,733

Binghamton LDC Entrepreneurial Assistance Program Center 17-18 $81,465 $40,616

Capital Region Chamber Entrepreneurial Assistance Program Center 17-18 $81,465 $40,733

Queens EDC Entrepreneurial Assistance Program Center 17-18 $81,465 $40,733

Renaissance EDC Entrepreneurial Assistance Program Center 17-18 $81,465 $40,733

Subtotal $569,690 $323,428

Market New York Program

CNY Arts Lifestyle Marketing Working Capital $150,000 $49,153

Coney Island Day Tripper's Campaign Working Capital $83,018 $58,113

Erie Canal Water Trail Working Capital $182,936 $29,750

Erie Canalway Tourism Working Capital $126,500 $24,807

Good Nature New Farm Brewery Facility Capital $100,000 $100,000

Willis Carrier Recreation Center Capital $100,500 $23,115

Willis Carrier Recreation Center Working Capital $147,000 $33,810

Wine, Water and Wonders Working Capital III $400,000 $142,503

Subtotal $1,289,954 $461,250

Minority and Women-Owned Business Development Lending

Towne, Ryan & Partners Certification Assistance Program Working Capital $75,000 $25,500

Subtotal $75,000 $25,500





Q3 2018-2019

New NY Broadband Program

2016 New NY Broadband Program Round 2 MIDTEL $6,831,856 $956,209

Champlain Unserved New NY Broadband Capital $1,362,901 $356,177

Chazy and Westport NY Broadband Unserved Capital $2,363,839 $201,659

Chazy and Westport Telephone Broadband Capital-B $457,346 $40,514

Citizens Telephone Company of Hammond Phase II Broadband Capital $1,395,688 $149,789

Delhi Telephone Company Broadband Capital $3,392,373 $772,121

DFT Local Service Corp. Northern Chautauqua NY BB Grant Phase 2 BB Capital $4,274,536 $767,551

DTC Cable Broadband Capital $4,432,209 $977,654

Edwards Tel NY BB Phase II Capital $3,750,196 $1,393,252

Empire Access Underserved Broadband Capital $1,598,480 $551,560

Empire Access Unserved Broadband Capital $1,797,894 $285,561

Empire Telephone Corp Phase 2 Finger Lakes Unserved Broadband Capital $805,633 $214,559

Empire Telephone Corp Phase 2 Southern Tier Underserved Broadband Capital $271,956 $35,808

Empire Telephone Corp Phase 2 Southern Tier Unserved Broadband Capital $2,159,302 $263,144

FairPoint Communications Broadband Capital- A $2,013,513 $636,124

FairPoint Communications Broadband Capital- B $9,275,572 $4,212,101

Frontier Capital District Unserved Broadband Capital $318,304 $15,970

Frontier Communications of New York Broadband Capital-A $2,221,685 $921,974

Frontier Communications of New York Broadband Capital-D $8,109,797 $3,600,770

Frontier North Country Unserved Broadband Capital $1,702,246 $309,960

Frontier Phase 2 Capital Region Underserved Broadband Capital $416,238 $70,502

Frontier Phase 2 Central Region Unserved Broadband Capital $6,285,979 $2,481,079

Frontier Phase 2 Finger Lakes Unserved Broadband Capital $2,907,002 $1,419,174

Frontier Phase 2 Mid-Hudson Unserved Broadband Capital $436,504 $98,600

Frontier Phase 2 North Country Unserved Broadband Capital $7,304,640 $2,977,677

Gtel Broadband Capital $2,512,562 $377,131

Gtel Teleconnections Broadband Capital $4,730,944 $573,475

GTel Teleconnections Broadband Capital- B $528,273 $32,727

Hancock Telephone Company Broadband Capital $4,915,920 $564,023

Mid-Hudson Unserved Broadband Capital $950,184 $235,854

MIDTEL Unserved Broadband Capital $5,562,548 $383,887

MTC 2017 Lexington Broadband Initiative Capital $2,281,673 $381,240

Pattersonville Telephone Company Broadband Capital $1,188,748 $180,850

Taconic Telephone Underserved Broadband Capital $25,379,390 $3,899,158

Taconic Telephone Underserved Broadband Capital $25,379,390 $4,564,147

Subtotal $149,315,321 $34,901,982

New York Works Economic Development Fund

Connect NYC $1,636,346 $1,290,293

Baldwinsville-Seneca Knolls Wastewater Treatment Plant Capital $150,000 $150,000

Lake Ontario Business Flood Recovery Grant Program $5,000,000 $124,644

Lake Ontario Business Flood Recovery Grant Program (Physical Losses) $6,875,000 $703,706

Subtotal $13,661,346 $2,268,643





Q3 2018-2019

NYPA Craft Beverage Program

MagicWig Working Capital II $159,790 $159,790

New York Cider Association Working Capital $101,650 $64,665

NYCA-Glynwood Working Capital $24,900 $24,900

Subtotal $286,340 $249,355

Regional Council Capital Fund

20/East Agritourism Capital $30,000 $15,000

Adeline Graham Center Capital $330,000 $330,000

Adirondack Museum improvements $1,400,000 $700,000

Beak & Skiff Holding Company Capital $598,000 $598,000

Buffalo Streetscapes Capital $2,000,000 $1,257,311

Common Roots Brewery Expansion Capital $100,000 $100,000

Erie 1 BOCES Welding Capital $25,000 $25,000

Good Nature New Farm Brewery Facility Capital $250,000 $250,000

Growing the Agricultural Industry Now! ("GAIN") Capital $3,000,000 $600,000

Harbor Point $5,000,000 $815,264

Harrison Place Business Incubator Capital RC6 $300,000 $139,038

Hudson Opera House Capital $2,300,000 $1,300,000

Johnston Paper Capital $300,000 $75,000

Landscape Restoration-Frank Lloyd Wright''s Main House Capital RC6 $275,000 $275,000

LC Drives Capital RC6 $500,000 $500,000

Main Street Partners Theater Capital $150,000 $150,000

Metal Solutions Capital $150,000 $75,000

Mohawk Harbor Capital $5,000,000 $5,000,000

MVEDGE - Marcy Nanocenter - Phase 1B Capital $1,000,000 $624,496

MVEDGE Sewer Crossing Capital $700,000 $38,124

North Country Next Generation Broadband Expansion $5,687,140 $1,030,260

Oneida County - Griffiss Airport Terminal Building $500,000 $500,000

Rochester Institute of Technology - MOVPE Capital $300,000 $300,000

Rochester Institute of Technology AMPrint Center Capital $100,000 $100,000

Sprague Operating Resources Capital $500,000 $500,000

St. Josephs College HTM Capital $611,000 $611,000

Stony Brook University Small Business Development Center Capital $1,500,000 $450,000

The Center for Discovery Capital $2,500,000 $2,500,000

The Wick Hotel Capital $1,500,000 $1,500,000

Winthrop Research Institute Capital $1,000,000 $1,000,000

Subtotal $37,606,140 $21,358,494

Restore New York Communities Initiative

Elmira - RESTORE II - Water Street $2,300,000 $264,670

Hudson Opera House Capital $2,300,000 $1,000,000

Phoenix Restoration RESTORE IV $500,000 $141,293

RESTORE IV Village of Sharon Springs - Comfort House $89,000 $89,000

Village of Endicott – Endicott Demo & Rehab RESTORE IV $440,000 $40,000

Subtotal $5,629,000 $1,534,963





Q3 2018-2019

Transformative Investment Program

Nassau Coliseum Renovation Capital $6,000,000 $3,085,592

Subtotal $6,000,000 $3,085,592

Upstate Revitalization Initiative

Bergmann Associates URI Greater Binghamton Fund $435,600 $137,100

Catholic Family Center Working Capital $1,500,000 $525,000

CenterState GENIUS NY $5,000,000 $2,000,000

Dick's Merchandising & Supply Chain, Inc. Capital/Excelsior $5,250,000 $3,675,000

FlexTech Alliance Capital $20,000,000 $179,994

Masserson at Roxbury Capital $3,200,000 $1,000,000

Prima Terra - Crossroads New Hampton Inn and Out Parcels $1,000,000 $250,000

Saab North America Capital $10,000,000 $1,000,000

Sunoco - Malted Barley Capital $700,000 $700,000

Sustainable Manufacturing Innovation Alliance REMADE Working Capital $10,000,000 $1,000,000

Subtotal $57,085,600 $10,467,094

Urban and Community Development Initiative

Family Community Life Center Study $13,188 $13,188

LESBID - GreenHub Study $20,000 $20,000

Military Base Consulting $993,465 $32,500

Ogdensburg Blueway Trail Feasibility - Working Capital $25,000 $22,405

Town of Victor Working Capital $30,000 $30,000

Subtotal $1,081,653 $118,093

Total $527,517,191 $128,044,492


SECTION 2: GEOGRAPHIC DISTRIBUTION OF APPROVED

PROJECTS

Region Approved Projects Total Commitments

Capital 8 Projects $195,888,660

Central 10 Projects $9,616,288

Finger Lakes 12 Projects $24,249,927

Long Island 5 Projects $25,262,240

Mid-Hudson 12 Projects $8,034,776

Mohawk Valley 10 Projects $6,429,215

New York City 19 Projects $2,953,013

North Country 5 Projects $3,008,214

Southern Tier 9 Projects $10,771,673

Multiple Regions 1 Project $305,865

Western New York 10 Projects $20,569,291

TOTAL 101 Projects $307,089,162


Geographic Distribution of Approved Projects: Project List (p. 1)

Project Name Total Commitment County

Capital Region

Applied Materials Capital $125,000,000 Albany

CLFCR CDFI 20 $95,000 Albany

EGF CDFI 20 $95,000 Albany

HVCC Building Systems Technology Programs $24,000 Saratoga

Jay Moulding Product Redevelopment Working Capital $50,000 Albany

Polyset Working Capital $24,660 Saratoga

Regeneron Pharmaceuticals Capital (2 Commitments) $70,000,000 Rensselaer

SUNY Adirondack - Culinary Arts Center Capital $600,000 Warren

Subtotal $195,888,660

Central Region

Dupli Envelope and Graphics Capital $175,000 Onondaga

Giovanni Food Consolidation and Upgrade $700,000 Onondaga

Greater Syracuse Soundstage $1,700,000 Onondaga

Growing Upstate Food Hub Capital $810,000 Madison

Hill Country Farm Brewery Working Capital $53,000 Onondaga

Hollowick Working Capital $25,000 Onondaga

Hughes Central NY Broadband Capital $599,288 Cayuga

Innovation Group of CNY Arts Working Capital $4,880,000 Onondaga

Queensboro Farms Products Capital $133,000 Madison

Super DIRT Week 2018 $541,000 Oswego

Subtotal $9,616,288

Finger Lakes Region

AIM Photonics Capital URI $10,000,000 Monroe

Batavia BID Feasibility Study Working Capital $12,500 Genesee

Campground Owners of NY Marketing Working Capital III $101,250 Monroe

Datto Capital $2,100,000 Monroe

LiveTiles Capital $3,500,000 Monroe

Mosaic - AMUSA Working Capital $49,777 Monroe

Roberts Wesleyan Technology Infrastructure Capital $145,000 Monroe

Rochester Center City RESTORE V $5,000,000 Monroe

Rochester General Hospital LPN Training School Capital $1,100,000 Monroe

Seneca Park Zoo Master Plan Improvements Capital Phase 1a $1,500,000 Monroe

Town of Marion – Main Street Marion RESTORE IV $266,400 Wayne

Twisted Rail Brewery Capital $475,000 Ontario


Long Island Region

Adelphi University Health Science Lab Capital $75,532 Nassau

Hofstra University School of Engineering and Applied Science Capital $25,000,000 Nassau

La Fuerza CDFI 20 $45,000 Nassau

Non-CAF Long Island Region Broadband Capital $116,708 Suffolk

Upper Port Jefferson Strategic Planning Working Capital $25,000 Suffolk





Mid-Hudson Region

CCNY CDFI 20 $100,000 Westchester

City of Yonkers - Cottage Place Gardens Redevelopment RESTORE V $2,500,000 Westchester

Drink More Good Capital $46,000 Dutchess

Hudson River Housing Capital $300,000 Dutchess

Hudson Valley Beverage Co. Capital $400,000 Dutchess

Hughes Mid-Hudson Broadband Capital $613,776 Dutchess

Inertia Switch- DOD Working Capital $50,000 Rockland

MTEC-MPI DOD Working Capital $50,000 Dutchess

SoYo Exalta Capital $1,000,000 Westchester

Star Brands North America Capital $275,000 Westchester

Steel Plant Studios Capital (2 Commitments) $2,500,000 Dutchess

Stoneleaf Construction Capital $200,000 Dutchess

Subtotal $8,034,776

Mohawk Valley Region

Mohawk Networks Phase 2 New NY Broadband Capital Part 1 $1,432,409

649 Bleecker Street Capital $200,000 Oneida

Brewery Ommegang Hospitality Center Capital $375,000 Otsego

City of Oneonta - Stevens Hardware Building RESTORE V $750,000 Otsego

Masonic Medical Research Laboratory Capital $550,000 Oneida

Non-CAF Mohawk Valley Region Broadband Capital $1,015,401 Otsego

ONX3 Capital $1,900,000 Oneida

Silk Splendor: Kimonos from the Kubota Collection Working Capital $76,905 Herkimer

Village of Cooperstown Doubleday Field Working Capital $49,500 Otsego

Vincent Holdings- 98 Genesee Street Capital $80,000 Oneida

Subtotal $6,429,215

New York City Region

Accion-Utica CDFI 20 $150,000 New York

BOC CDFI 20 $100,000 Kings

Brooklyn Cooperative CDFI 20 $90,000 Kings

CAMBA CDFI 20 $55,000 Kings

GRAMEEN CDFI 20 $100,000 Queens

HEF CDFI 20 $85,000 New York

NTFCU CDFI 20 $60,000 New York

BCNA CDFI 20 $100,000 New York

Renaissance CDFI 20 $100,000 Kings




New York City Region Continued

TruFund CDFI 20 $95,000 New York

WHIDC CDFI 20 $80,000 New York

WVF CDFI 20 $40,000 New York

Ben-Amun Working Capital $17,413 New York

Diamond Dealers Club Working Capital $50,000 New York

Sussman Automatic Working Capital $10,600 Queens

NYU Study of Economic Benefits of Cannabis Working Capital $300,000 New York

HNTB Capital $875,000 New York

Galvanize Capital $600,000 New York

Staten Island Museum Capital $45,000 Richmond

Subtotal $2,953,013

North Country Region

Current Applications M&E Capital $19,000 Jefferson

For & Ever Wild Beverage Improvements Capital $18,000 Essex

Frontier Phase 3 North Country Unserved Broadband Capital $2,651,214 Essex

North American Tapes $45,000 Jefferson

Stature Electric Capital $275,000 Jefferson

Subtotal $3,008,214

Southern Tier Region

Alternatives/ Cooperative CDFI 20 $150,000 Tompkins

City of Elmira - Lake Street RESTORE IV $500,000 Chemung

Frontier Phase 3 Southern Tier Unserved Broadband Capital 9-77332 $7,070,959 Chenango

Gravity Ciders Capital $30,000 Delaware

Johnson City – iDistrict Revitalization Initiative RESTORE IV $60,000 Broome

Non-CAF Southern Tier Region Broadband Capital $1,160,714 Broome

Tioga County IDA- Weitsman Shredding Capital $1,000,000 Tioga

Transitair Capital $300,000 Steuben

Village of Newark Valley - Ladder Factory Demolition RESTORE IV $500,000 Tioga


Multiple Regions

Hughes Additional Service Areas Broadband Capital $305,865

Subtotal $305,865




Western New York Region

Bethlehem Steel Redevelopment Phase II Capital $10,000,000 Erie

City of Jamestown NY Works EDF $1,000,000 Chautauqua

CODI CDFI 20 $70,000 Chautauqua

Ellicottville Brewing Company Capital REC6 $600,000 Cattaraugus

NFTA-Metro Rail Extension Environmental Reviews Capital $5,000,000 Erie

Non-CAF Western NY Region Broadband Capital $827,979 Allegany

Pathstone CDFI 20 $85,000 Erie

Town of Evans - Point Breeze Demolition – RESTORE IV $189,419 Erie

WEDI CDFI 20 $100,000 Erie

Windstream NY BB P3 Broadband Capital $2,696,893 Chautauqua


Total $307,089,162


SECTION 3: JOB CREATION AND RETENTION

Number Initial Retained Created Total Region of Projects Jobs Jobs Jobs Jobs

Capital 8 5,200 5,200 1,500 6,700 Central 10 301 301 12 313 Finger Lakes 12 173 173 677 850 Long Island 5 1,102 1,102 2 1,104 Mid-Hudson 12 52 52 77 129 Mohawk Valley 10 21 21 10 31 New York City 19 228 228 147 375 North Country 5 138 138 28 166 Southern Tier 9 382 382 35 417 Multiple Regions 1 0 0 0 0 Western New York 10 49 49 40 89 Total 101 7,646 7,646 2,528 10,174

Please note the following:

▪ Approved projects in certain programs (e.g. Restore New York Communities Initiative, Community Development Financial Institution Program, Regional Council Capital Fund, Urban and Community Development Program) or for certain purposes (e.g. worker training, marketing, research and development, loan funds, infrastructure) are intended to enhance productivity, afford access to capital for smaller or disadvantaged businesses, advance targeted industries or regional priorities, or improve infrastructure or communities. In some of these instances, job creation is not a primary goal and thus is not tracked.

▪ Initial Jobs is the baseline employment number.

▪ Retained Jobs indicates when some or all of a company’s jobs were in jeopardy of being lost, typically through plant closures or companies moving out of the state.

▪ Created Jobs indicates anticipated job growth over a one- to five-year horizon.


Job Creation and Retention: Project List (p. 1)

Project Name Total Commitment Initial Jobs Retained Jobs Created Jobs Total Jobs

Capital Region

Applied Materials Capital $125,000,000 0 0 0 0

CLFCR CDFI 20 $95,000 0 0 0 0

EGF CDFI 20 $95,000 0 0 0 0

HVCC Building Systems Technology Programs $24,000 0 0 0 0

Jay Moulding Product Redevelopment Working Capital $50,000 0 0 0 0

Polyset Working Capital $24,660 0 0 0 0

Regeneron Pharmaceuticals Capital (2 Commitments) $70,000,000 5,200 5,200 1,500 6,700

SUNY Adirondack - Culinary Arts Center Capital $600,000 0 0 0 0

Subtotal $195,888,660 5,200 5,200 1,500 6,700

Central Region

Dupli Envelope and Graphics Capital $175,000 170 170 2 172

Giovanni Food Consolidation and Upgrade $700,000 69 69 10 79

Greater Syracuse Soundstage $1,700,000 0 0 0 0

Growing Upstate Food Hub Capital $810,000 0 0 0 0

Hill Country Farm Brewery Working Capital $53,000 0 0 0 0

Hollowick Working Capital $25,000 0 0 0 0

Hughes Central NY Broadband Capital $599,288 0 0 0 0

Innovation Group of CNY Arts Working Capital $4,880,000 0 0 0 0

Queensboro Farms Products Capital $133,000 62 62 0 62

Super DIRT Week 2018 $541,000 0 0 0 0

Subtotal $9,616,288 301 301 12 313

Finger Lakes Region

AIM Photonics Capital URI $10,000,000 0 0 0 0

Batavia BID Feasibility Study Working Capital $12,500 0 0 0 0

Campground Owners of NY Marketing Working Capital III $101,250 0 0 0 0

Datto Capital $2,100,000 138 138 177 315

LiveTiles Capital $3,500,000 35 35 500 535

Mosaic - AMUSA Working Capital $49,777 0 0 0 0

Roberts Wesleyan Technology Infrastructure Capital $145,000 0 0 0 0

Rochester Center City RESTORE V $5,000,000 0 0 0 0

Rochester General Hospital LPN Training School Capital $1,100,000 0 0 0 0

Seneca Park Zoo Master Plan Improvements Capital Phase 1a $1,500,000 0 0 0 0

Town of Marion – Main Street Marion RESTORE IV $266,400 0 0 0 0

Twisted Rail Brewery Capital $475,000 0 0 0 0

Subtotal $24,249,927 173 173 677 850

Long Island Region

Adelphi University Health Science Lab Capital $75,532 1,102 1,102 2 1,104

Hofstra University School of Engineering and Applied Science Capital $25,000,000 0 0 0 0

La Fuerza CDFI 20 $45,000 0 0 0 0

Non-CAF Long Island Region Broadband Capital $116,708 0 0 0 0

Upper Port Jefferson Strategic Planning Working Capital $25,000 0 0 0 0

Subtotal $25,262,240 1,102 1,102 2 1,104

Mid-Hudson Region

CCNY CDFI 20 $100,000 0 0 0 0

City of Yonkers - Cottage Place Gardens Redevelopment RESTORE V $2,500,000 0 0 0 0

Drink More Good Capital $46,000 9 9 6 15

Hudson River Housing Capital $300,000 0 0 2 2

Hudson Valley Beverage Co. Capital $400,000 4 4 15 19

Hughes Mid-Hudson Broadband Capital $613,776 0 0 0 0

Inertia Switch- DOD Working Capital $50,000 0 0 0 0

MTEC-MPI DOD Working Capital $50,000 0 0 0 0

SoYo Exalta Capital $1,000,000 0 0 0 0

Star Brands North America Capital $275,000 14 14 39 53

Steel Plant Studios Capital (2 Commitments) $2,500,000 0 0 0 0

Stoneleaf Construction Capital $200,000 25 25 15 40

Subtotal $8,034,776 52 52 77 129




Mohawk Valley Region

Mohawk Networks Phase 2 New NY Broadband Capital Part 1 $1,432,409 0 0 0 0

649 Bleecker Street Capital $200,000 0 0 0 0

Brewery Ommegang Hospitality Center Capital $375,000 0 0 0 0

City of Oneonta - Stevens Hardware Building RESTORE V $750,000 0 0 0 0

Masonic Medical Research Laboratory Capital $550,000 21 21 10 31

Non-CAF Mohawk Valley Region Broadband Capital $1,015,401 0 0 0 0

ONX3 Capital $1,900,000 0 0 0 0

Silk Splendor: Kimonos from the Kubota Collection Working Capital $76,905 0 0 0 0

Village of Cooperstown Doubleday Field Working Capital $49,500 0 0 0 0

Vincent Holdings- 98 Genesee Street Capital $80,000 0 0 0 0

Subtotal $6,429,215 21 21 10 31

New York City Region

BOC CDFI 20 $100,000 0 0 0 0

Brooklyn Cooperative CDFI 20 $90,000 0 0 0 0

CAMBA CDFI 20 $55,000 0 0 0 0

Renaissance CDFI 20 $100,000 0 0 0 0

Accion-Utica CDFI 20 $150,000 0 0 0 0

HEF CDFI 20 $85,000 0 0 0 0

NTFCU CDFI 20 $60,000 0 0 0 0

BCNA CDFI 20 $100,000 0 0 0 0

TruFund CDFI 20 $95,000 0 0 0 0

WHIDC CDFI 20 $80,000 0 0 0 0

WVF CDFI 20 $40,000 0 0 0 0

Ben-Amun Working Capital $17,413 0 0 0 0

Diamond Dealers Club Working Capital $50,000 0 0 0 0

NYU Study of Economic Benefits of Cannabis Working Capital $300,000 0 0 0 0

HNTB Capital $875,000 228 228 120 348

Galvanize Capital $600,000 0 0 27 27

GRAMEEN CDFI 20 $100,000 0 0 0 0

Sussman Automatic Working Capital $10,600 0 0 0 0

Staten Island Museum Capital $45,000 0 0 0 0

Subtotal $2,953,013 228 228 147 375

North Country Region

Current Applications M&E Capital $19,000 54 54 5 59

For & Ever Wild Beverage Improvements Capital $18,000 0 0 8 8

Frontier Phase 3 North Country Unserved Broadband Capital $2,651,214 0 0 0 0

North American Tapes $45,000 29 29 15 44

Stature Electric Capital $275,000 55 55 0 55

Subtotal $3,008,214 138 138 28 166

Southern Tier Region

Alternatives/ Cooperative CDFI 20 $150,000 0 0 0 0

City of Elmira - Lake Street RESTORE IV $500,000 0 0 0 0

Frontier Phase 3 Southern Tier Unserved Broadband Capital 9-77332 $7,070,959 0 0 0 0

Gravity Ciders Capital $30,000 0 0 0 0

Johnson City – iDistrict Revitalization Initiative RESTORE IV $60,000 0 0 0 0

Non-CAF Southern Tier Region Broadband Capital $1,160,714 0 0 0 0

Tioga County IDA- Weitsman Shredding Capital $1,000,000 319 319 25 344

Transitair Capital $300,000 63 63 10 73

Village of Newark Valley - Ladder Factory Demolition RESTORE IV $500,000 0 0 0 0

Subtotal $10,771,673 382 382 35 417




Multiple Regions

Hughes Additional Service Areas Broadband Capital $305,865 0 0 0 0

Subtotal $305,865 0 0 0 0

Western New York Region

Bethlehem Steel Redevelopment Phase II Capital $10,000,000 0 0 0 0

City of Jamestown NY Works EDF $1,000,000 0 0 0 0

CODI CDFI 20 $70,000 0 0 0 0

Ellicottville Brewing Company Capital REC6 $600,000 49 49 40 89

NFTA-Metro Rail Extension Environmental Reviews Capital $5,000,000 0 0 0 0

Non-CAF Western NY Region Broadband Capital $827,979 0 0 0 0

Pathstone CDFI 20 $85,000 0 0 0 0

Town of Evans - Point Breeze Demolition – RESTORE IV $189,419 0 0 0 0

WEDI CDFI 20 $100,000 0 0 0 0

Windstream NY BB P3 Broadband Capital $2,696,893 0 0 0 0

Subtotal $20,569,291 49 49 40 89

Total $307,089,162 7,646 7,646 2,528 10,174


SECTION 4: IMPACT OF APPROVED PROJECTS ON DISTRESSED URBAN

AND RURAL COMMUNITIES, SMALL- AND MEDIUM-SIZED

BUSINESSES AND STRATEGIC INDUSTRIES

For each project with funding exceeding $100,000 and the goal of creating or retaining jobs, ESD staff prepares an analysis of the benefits and costs that accrue to New York State based on income and sales tax revenues that are expected to be generated by direct and indirect jobs (e.g. construction). Summary information is provided below, and the attached Project Lists indicate this information where relevant (projects without construction or job creation indicate “N/A”). Individual analyses are attached in the appendix.

Distressed Urban and Rural Communities Of the 94 recipients of funding approved by ESD in the 3rd Quarter of Fiscal Year 2018-19, 0 were located in a distressed area as defined by the New York State unemployment average for the year 2017, the most recent annual average data available.

Small- and Medium-sized Businesses Of the 101 recipients of funding approved by ESD in the 3rd Quarter of Fiscal Year 2018-19, 27 (29%) were small or medium-sized businesses or organizations.

Strategic Industries Of the 101 projects approved by ESD in the 3rd Quarter of Fiscal Year 2018-19, the following industries were represented:

Industry Percentage of Total Funding # of Project(s)

Arts Culture & Entertainment <1% 1

Broadband 6% 11

Education 11% 11

Food & Beverage Manufacturing/Distribution 1% 11

Health 23% 3

Machinery & Miscellaneous Manufacturing <1% 15

Municipal /Government/Not-For-Profit 10% 37 Real Estate Development 1% 4 Technology/Scientific Research & Development 46% 4 Tourism/Hospitality <1% 3 Transportation <1% 1

Please note the following:

▪ To determine if a project is in a distressed area, Department of Labor information was used to determine whether the county’s unemployment rate was above 4.7% (the New York State unemployment average for the year 2017). “Urban” projects are located in New York State’s 62 designated cities; other projects are considered “Rural.”

▪ A company is considered small- or medium-sized if it employs fewer than 500 persons.


Small and Medium-Sized Business: Project List

Project Name Benefit Cost

649 Bleecker Street Capital N/A N/A

Brewery Ommegang Hospitality Center Capital N/A N/A

Campground Owners of NY Marketing Working Capital III N/A N/A

CODI CDFI 20 N/A N/A

Current Applications M&E Capital $170,639 $19,000

Drink More Good Capital $406,811 $46,000

Dupli Envelope and Graphics Capital $743,910 $175,000

Ellicottville Brewing Company Capital REC6 $977,493 $600,000

For & Ever Wild Beverage Improvements Capital $166,779 $18,000

Gravity Ciders Capital N/A N/A

HEF CDFI 20 N/A N/A

Hill Country Farm Brewery Working Capital N/A N/A

HNTB Capital $6,270,595 $875,000

Hudson Valley Beverage Co. Capital $970,645 $518,274

Inertia Switch- DOD Working Capital N/A N/A

Jay Moulding Product Redevelopment Working Capital N/A N/A

Mosaic - AMUSA Working Capital N/A N/A

MTEC-MPI DOD Working Capital N/A N/A

Pathstone CDFI 20 N/A N/A

Queensboro Farms Products Capital $3,581,479 $133,000

Stature Electric Capital N/A N/A

Stoneleaf Construction Capital $1,546,402 $200,000

Twisted Rail Brewery Capital $442,388 $475,000

Vincent Holdings- 98 Genesee Street Capital N/A N/A

WEDI CDFI 20 N/A N/A

WHIDC CDFI 20 N/A N/A

WVF CDFI 20 N/A N/A

Total $15,277,141 $3,059,274


Strategic Industries: Project List (p. 1)


Arts/Culture/Entertainment

Greater Syracuse Soundstage N/A N/A

Subtotal $0 $0

Broadband

Frontier Phase 3 North Country Unserved Broadband Capital N/A N/A

Frontier Phase 3 Southern Tier Unserved Broadband Capital 9-77332 N/A N/A

Hughes Additional Service Areas Broadband Capital N/A N/A

Hughes Central NY Broadband Capital N/A N/A

Hughes Mid-Hudson Broadband Capital N/A N/A

Mohawk Networks Phase 2 New NY Broadband Capital Part 1 N/A N/A

Non-CAF Long Island Region Broadband Capital N/A N/A

Non-CAF Mohawk Valley Region Broadband Capital N/A N/A

Non-CAF Southern Tier Region Broadband Capital N/A N/A

Non-CAF Western NY Region Broadband Capital N/A N/A

Windstream NY BB P3 Broadband Capital N/A N/A

Subtotal $0 $0

Education

Adelphi University Health Science Lab Capital $115,606 $75,532

Galvanize Capital $1,653,590 $600,000

Hofstra University School of Engineering and Applied Science Capital N/A N/A

HVCC Building Systems Technology Programs N/A N/A

Innovation Group of CNY Arts Working Capital N/A N/A

NYU Study of Economic Benefits of Cannabis Working Capital N/A N/A

Roberts Wesleyan Technology Infrastructure Capital N/A N/A

Silk Splendor: Kimonos from the Kubota Collection Working Capital N/A N/A

Staten Island Museum Capital N/A N/A

Steel Plant Studios Capital (2 Committments) N/A N/A

SUNY Adirondack - Culinary Arts Center Capital N/A N/A

Subtotal $1,769,196 $675,532

Food & Beverage Manufacturing/Distribution

Brewery Ommegang Hospitality Center Capital N/A N/A




Giovanni Food Consolidation and Upgrade $3,750,263 $1,007,135

Gravity Ciders Capital N/A N/A

Hill Country Farm Brewery Working Capital N/A N/A



Star Brands North America Capital $3,591,704 $275,000


Subtotal $13,887,562 $3,072,409




Health

Masonic Medical Research Laboratory Capital $2,176,556 $550,000

Regeneron Pharmaceuticals Capital (2 Commitments) $116,964,533 $120,723,947

Rochester General Hospital LPN Training School Capital N/A N/A

Subtotal $119,141,089 $121,273,947

Machinery & Miscellaneous Manufacturing

Ben-Amun Working Capital N/A N/A


Diamond Dealers Club Working Capital N/A N/A


Hollowick Working Capital N/A N/A

Inertia Switch- DOD Working Capital N/A N/A

Jay Moulding Product Redevelopment Working Capital N/A N/A

Mosaic - AMUSA Working Capital N/A N/A

MTEC-MPI DOD Working Capital N/A N/A

North American Tapes N/A N/A

Polyset Working Capital N/A N/A

Stature Electric Capital N/A N/A


Sussman Automatic Working Capital N/A N/A

Vincent Holdings- 98 Genesee Street Capital N/A N/A

Subtotal $2,460,951 $394,000

Municipal /Government/Not-For-Profit

Accion-Utica CDFI 20 N/A N/A

Alternatives/ Cooperative CDFI 20 N/A N/A

Batavia BID Feasibility Study Working Capital N/A N/A

BCNA CDFI 20 N/A N/A

Bethlehem Steel Redevelopment Phase II Capital N/A N/A

BOC CDFI 20 N/A N/A

Brooklyn Cooperative CDFI 20 N/A N/A

CAMBA CDFI 20 N/A N/A

CCNY CDFI 20 N/A N/A

City of Elmira - Lake Street RESTORE IV N/A N/A

City of Jamestown NY Works EDF N/A N/A

City of Oneonta - Stevens Hardware Building RESTORE V N/A N/A

City of Yonkers - Cottage Place Gardens Redevelopment RESTORE V N/A N/A

CLFCR CDFI 20 N/A N/A

CODI CDFI 20 N/A N/A

EGF CDFI 20 N/A N/A

GRAMEEN CDFI 20 N/A N/A

Growing Upstate Food Hub Capital N/A N/A

HEF CDFI 20 N/A N/A

Hudson River Housing Capital N/A N/A

Johnson City – iDistrict Revitalization Initiative RESTORE IV N/A N/A

La Fuerza CDFI 20 N/A N/A

NFTA-Metro Rail Extension Environmental Reviews Capital N/A N/A




Municipal /Government/Not-For-Profit Continued

NTFCU CDFI 20 N/A N/A

Pathstone CDFI 20 N/A N/A

Renaissance CDFI 20 N/A N/A

Rochester Center City RESTORE V N/A N/A

Tioga County IDA- Weitsman Shredding Capital N/A N/A

Town of Evans - Point Breeze Demolition – RESTORE IV N/A N/A

Town of Marion – Main Street Marion RESTORE IV N/A N/A

TruFund CDFI 20 N/A N/A

Upper Port Jefferson Strategic Planning Working Capital N/A N/A

Village of Cooperstown Doubleday Field Working Capital N/A N/A

Village of Newark Valley - Ladder Factory Demolition RESTORE IV N/A N/A

WEDI CDFI 20 N/A N/A

WHIDC CDFI 20 N/A N/A

WVF CDFI 20 N/A N/A

Subtotal $0 $0

Real Estate

HNTB Capital $6,270,595 $875,000

ONX3 Capital N/A N/A

649 Bleecker Street Capital N/A N/A

SoYo Exalta Capital N/A N/A

Subtotal $6,270,595 $875,000

Technology/Scientific Research & Development

AIM Photonics Capital URI N/A N/A

Applied Materials Capital N/A N/A

Datto Capital $7,309,520 $2,100,000

LiveTiles Capital $16,006,808 $6,035,116

Subtotal $23,316,328 $8,135,116

Tourism & Hospitality

Super DIRT Week 2018 $31,405 $541,000

Campground Owners of NY Marketing Working Capital III N/A N/A

Seneca Park Zoo Master Plan Improvements Capital Phase 1a N/A N/A

Subtotal $31,405 $541,000

Transportation

Transitair Capital $532,078 $300,000

Subtotal $532,078 $300,000

Total $167,409,204 $135,267,004


APPENDIX: FISCAL BENEFIT TO COST EVALUATIONS

Where impact was quantifiable, the projects that were analyzed yield an overall Fiscal Benefit to Cost ratio of 1.31. This means that for each dollar of New York State government subsidy, such as tax exemptions or abatements on sales, property and interest income, there was a return to the tax base of $1.31.

Total Projects

Please note the following: ▪ Benefit Cost Evaluations are used in evaluating projects that are categorized as Business

Investment, Infrastructure Investment, and Economic Growth Investment and that involve 1) job retention and/or creation and/or 2) construction-related activity. Unlike typical ESD Business Investment projects, which involve direct job creation and retention, Infrastructure Investment (e.g. the development or expansion of basic systems and facilities, including transportation, water and sewer, communication, energy generation and distribution, and parking facilities) and Economic Growth Investment (e.g. projects that foster economic growth through cultural activity, higher education activity, regional revolving loan and grant programs,


Adelphi University Health Science Lab Capital $115,606 $75,532


Datto Capital $7,309,520 $2,100,000





Galvanize Capital $1,653,590 $600,000

Giovanni Food Consolidation and Upgrade $3,750,263 $1,007,135

Growing Upstate Food Hub Capital $41,872 $810,000

HNTB Capital $6,270,595 $875,000


LiveTiles Capital $16,006,808 $6,035,116

Masonic Medical Research Laboratory Capital $2,176,556 $550,000

North American Tapes $480,820 $45,000


Regeneron Pharmaceuticals Capital $116,964,533 $120,723,947

Star Brands North America Capital $3,591,704 $275,000


Super DIRT Week 2018 $31,405 $541,000

Tioga County IDA- Weitsman Shredding Capital $11,280,988 $930,000

Transitair Capital $532,078 $300,000


Total $179,212,884 $137,052,004


other local or regional initiatives, agribusiness initiatives, marketing activities, training or education programs, or technical assistance) may not involve permanent job commitments. Such projects generate long-term benefits not captured in the period of analysis. This is reflected in the Benefit Cost Evaluations as compared to benchmarks developed for Infrastructure Investment and Economic Growth Investment projects.

▪ For funding awards under $100,000, only the total benefit is provided rather than a full

evaluation.

Adelphi University (the “University”) Evaluated over a seven-year period, project fiscal benefits to New York State government are expected to be $115,606, which exceed the cost to the State.

Current Applications Inc. Evaluated over a seven-year period, project fiscal benefits to New York State government are expected to be $170,639, which exceed the cost to the State.

Project Summary Benefit-Cost Evaluation1

Datto, Inc. – Business Investment

Benefit-Costs Evaluations are used in evaluating projects that are categorized as Business Investment, Infrastructure Investment, and Economic Growth Investment and that involve 1) job retention and/or creation and/or 2) construction-related activity. For Business Investment projects, benefits reported in the table below typically reflect the impact of both jobs and construction-related activity. For Infrastructure Investment and Economic Growth Investment projects, which generate long-term benefits not captured in the period of analysis and may involve no permanent job commitments, the table typically reflects only construction-related activity. Benchmarks for each type of project are noted in the footnotes.

Initial Jobs: 138 Construction Job Years (Direct): 31 New Jobs: 177 over five years Construction Job Years (Indirect): 19

Project Results NYS Gov’t. Project Results State & Local Evaluation Statistics NYS Gov’t. Benchmarks2 State & Local Government

Government Benchmarks

Fiscal Costs3 $2,100,000 $794,250 $2,100,000 $1,020,500

Fiscal Benefits4 $7,309,520 $2,085,600 $12,707,252 $4,271,980

Fiscal Cost /Direct Job $20,940 $3,000 $20,940 $4,110

Fiscal Cost/Total Jobs $12,661 $1,424 $12,661 $1,964

Fiscal B/C Ratio 3.48 7.00 6.05 10.60

Project Benchmarks

Results

Economic Benefits5 $92,000,412 $119,468,000

Econ. Benefits/Total Jobs $554,679 $147,600

Economic B/C Ratio 43.81 75.00

1 Dollar values are present value calculated over a 7-year period. Separate evaluations are made and reported for New York State government assistance alone and for State and Local government. 2 The current project evaluation results (both fiscal and economic) are compared to performance measure benchmarks based on results of a sample of ESD non-retail projects. Business Investment project benchmarks are 7.00 (Fiscal) and 75.00 (Economic). Infrastructure Investment (or Economic Growth Investment) project benchmarks are 3.00 (Fiscal) and 30.00 (Economic). 3 Fiscal cost includes the value of grants, loans and associated default risks, and discretionary subsidies (such as tax exemptions or abatements on sales, property, and interest income). 4 Fiscal benefits are the loan repayments and tax revenues to New York State and Local governments generated by project activity. This includes estimated taxes on personal incomes from project direct and indirect employment, corporate and business incomes, excise and user taxes, property taxes, and other taxes. 5 Economic benefits are estimated project benefits measuring fiscal flows to government plus net resident disposable income from project direct and indirect employment net of transfers, without adjusting for individual income earners’ opportunity cost of employment.

Drink More Good Inc. Evaluated over a seven-year period, project fiscal benefits to New York State government are expected to be $406,811, which exceed the cost to the State.

Matt Industries Inc. Evaluated over a seven-year period, project fiscal benefits to New York State government are expected to be $743,910, which exceed the cost to the State.


S & W Company, LLC – Business Investment





Fiscal Costs8 $600,000 $794,250 $600,000 $1,020,500

Fiscal Benefits9 $977,493 $2,085,600 $1,679,283 $4,271,980



Fiscal B/C Ratio 1.63 7.00 2.80 10.60

Project Benchmarks

Results





Forever Wild Beverage Co. Evaluated over a seven-year period, project fiscal benefits to New York State government are expected to be $166,779, which exceed the cost to the State.


Galvanize, Inc. – Business Investment


Initial Jobs: 0 Construction Job Years (Direct): 33 New Jobs: 27 over three years Construction Job Years (Indirect): 18



Fiscal Costs13 $600,000 $794,250 $600,000 $1,020,500

Fiscal Benefits14 $1,653,590 $2,085,600 $3,562,146 $4,271,980



Fiscal B/C Ratio 2.76 7.00 5.94 10.60

Project Benchmarks

Results


Econ. Benefits/Total Jobs $1,128,321 $147,600




Giovanni Food Co., Inc. – Business Investment


Initial Jobs: 69 Construction Job Years (Direct): 22 New Jobs: 10 over two years Construction Job Years (Indirect): 13



Fiscal Costs18 $1,007,135 $794,250 $1,007,135 $1,020,500

Fiscal Benefits19 $3,750,263 $2,085,600 $6,545,348 $4,271,980



Fiscal B/C Ratio 3.72 7.00 6.50 10.60

Project Benchmarks

Results






Economic Growth Investment Project

Growing Upstate Food Hub, LLC

The benefits reported in the table reflect only the impact of construction-related activity. Unlike typical ESD projects, infrastructure and economic growth investment projects may involve no permanent job commitments. Such projects generate long term benefits not captured in the period of analysis. This is reflected in the benefit cost estimates as compared to benchmarks developed for infrastructure and economic growth investment projects.

Construction Job Years (Direct): 6 Construction Job Years (Indirect): 4

NYS Govt. State & Local

Evaluation Statistics Project Result Benchmarks for Project Results Government NYS Govt. ESD Projects22 State & Local

Governments Benchmarks for

ESD Projects

Fiscal Costs23 $810,000 $794,250 $810,000 $1,020,500

Fiscal Benefits(Taxes)24 $41,872 $2,085,600 $74,127 $4,271,980 Fiscal B/C Ratio 0.05 3.00 0.09 10.60

Benchmarks Project for ESD Results Projects

Economic Benefits25 $540,445 $119,468,000


21 Dollar values are present value calculated over a 7-year period. Separate evaluations are made and reported for New York State government assistance alone and for State and Local government. 22 The current project evaluation results (both fiscal and economic) are compared to performance measure benchmarks based on results of a sample of ESD non-retail projects. 23 Fiscal cost includes the value of grants, loans and associated default risks, and discretionary subsidies (such as tax exemptions or abatements on sales, property, and interest income). 24 Fiscal benefits are the loan repayments and tax revenues to New York State and local governments generated by project activity. This includes estimated taxes on personal incomes from project direct and indirect construction employment, corporate and business incomes, excise and user taxes, property taxes, and other taxes. 25 Economic benefits are estimated project benefits measuring loan repayments and all tax revenues generated by the project and collected by state and local governments.


1914 Holding Company – Business Investment





Fiscal Costs28 $875,000 $794,250 $875,000 $1,020,500

Fiscal Benefits29 $6,270,595 $2,085,600 $13,472,185 $4,271,980



Fiscal B/C Ratio 7.17 7.00 15.40 10.60

Project Benchmarks

Results






Hudson Valley Beverage Co. Inc. – Business Investment





Fiscal Costs33 $518,274 $794,250 $518,274 $1,020,500

Fiscal Benefits34 $970,645 $2,085,600 $1,773,226 $4,271,980



Fiscal B/C Ratio 1.87 7.00 3.42 10.60

Project Benchmarks

Results






LiveTiles Corp – Business Investment





Fiscal Costs38 $6,035,116 $794,250 $6,035,116 $1,020,500

Fiscal Benefits39 $16,006,808 $2,085,600 $27,809,527 $4,271,980



Fiscal B/C Ratio 2.65 7.00 4.61 10.60

Project Benchmarks

Results





Project Summary

Benefit-Cost Evaluation41

The Masonic Medical Research Laboratory (MMRL) – Business Investment

Benefit-Costs Evaluations are used in evaluating projects that are categorized as Business Investment, Infrastructure Investment, and Economic Growth Investment and that involve 1) job retention and/or creation and/or 2) construction-related activity. For Business Investment projects, benefits reported in the table below typically reflect the impact of both jobs and construction-related activity. For Infrastructure Investment and Economic Growth Investment projects, which generate long-term benefits not captured in the period of analysis and may involve no permanent job commitments, the table typically reflects only construction-related activity. Benchmarks for each type of project are noted in the footnotes. Initial Jobs: 21 Construction Job Years (Direct): 72 New Jobs: 10 over two years Construction Job Years (Indirect): 33



Fiscal Costs43 $550,000 $794,250 $550,000 $1,020,500

Fiscal Benefits44 $2,176,556 $2,085,600 $3,706,207 $4,271,980



Fiscal B/C Ratio 3.96 7.00 6.74 10.60

Project Benchmarks

Results





North American Tapes, LLC Evaluated over a seven-year period, project fiscal benefits to New York State government are expected to be $480,820, which exceed the cost to the State.

Queensboro Farm Products, Inc. Evaluated over a seven-year period, project fiscal benefits to New York State government are expected to be $3,581,479, which exceed the cost to the State.


Regeneron Pharmaceuticals, Inc. – Business Investment


Initial Jobs: 4,668 Construction Job Years (Direct): 2,885 New Jobs: 1,500 over seven years Construction Job Years (Indirect): 2,059



Fiscal Costs48 $120,723,947 $794,250 $120,723,947 $1,020,500

Fiscal Benefits49 $116,964,533 $2,085,600 $195,038,100 $4,271,980



Fiscal B/C Ratio 0.97 7.00 1.62 10.60

Project Benchmarks

Results

Economic Benefits50 $1,408,146,806 $119,468,000





Star Brands North America, Inc. – Business Investment





Fiscal Costs53 $275,000 $794,250 $275,000 $1,020,500

Fiscal Benefits54 $3,591,704 $2,085,600 $6,674,377 $4,271,980



Fiscal B/C Ratio 13.06 7.00 24.27 10.60

Project Benchmarks

Results





Stoneleaf Construction LLC Evaluated over a seven-year period, project fiscal benefits to New York State government are expected to be $1,546,402, which exceed the cost to the State.


Business Improvement Project World Racing Group, Inc. (Super DIRT Week)

The benefits reported in the table reflect only the impact of construction-related activity. Unlike typical ESD projects, infrastructure and economic growth investment projects may involve no permanent job commitments. Such projects generate long term benefits not captured in the period of analysis. This is reflected in the benefit cost estimates as compared to benchmarks developed for infrastructure and economic growth investment projects.

Construction Job Years (Direct): 4 Construction Job Years (Indirect): 3

NYS Govt. State & Local

Evaluation Statistics Project Result Benchmarks for Project Results Government NYS Govt. ESD Projects57 State & Local

Governments Benchmarks for

ESD Projects

Fiscal Costs58 $541,000 $794,250 $541,000 $1,020,500

Fiscal Benefits59 $31,405 $2,085,600 $55,597 $4,271,980 Fiscal B/C Ratio 0.06 3.00 0.10 10.60

Benchmarks Project for ESD Results Projects

Economic Benefits60 $405,349 $119,468,000


56 Dollar values are present value calculated over a 7-year period. Separate evaluations are made and reported for New York State government assistance alone and for State and Local government. 57 The current project evaluation results (both fiscal and economic) are compared to performance measure benchmarks based on results of a sample of ESD non-retail projects. 58 Fiscal cost includes the value of grants, loans and associated default risks, and discretionary subsidies (such as tax exemptions or abatements on sales, property, and interest income). 59 Fiscal benefits are the loan repayments and tax revenues to New York State and local governments generated by project activity. This includes estimated taxes on personal incomes from project direct and indirect construction employment, corporate and business incomes, excise and user taxes, property taxes, and other taxes. 60 Economic benefits are estimated project benefits measuring loan repayments and all tax revenues generated by the project and collected by state and local governments.

Project Summary


Tioga County Industrial Development Agency – Business Investment


Initial Jobs: 319 Construction Job Years (Direct): 31 New Jobs: 0 Construction Job Years (Indirect): 12



Fiscal Costs63 $930,000 $794,250 $930,000 $1,020,500

Fiscal Benefits64 $11,280,988 $2,085,600 $19,202,619 $4,271,980



Fiscal B/C Ratio 12.13 7.00 20.65 10.60

Project Benchmarks

Results






Transitair, Inc. – Business Investment





Fiscal Costs68 $300,000 $794,250 $300,000 $1,020,500

Fiscal Benefits69 $532,078 $2,085,600 $891,565 $4,271,980



Fiscal B/C Ratio 1.77 7.00 2.97 10.60

Project Benchmarks

Results





Project Summary


Twisted Rail Brewery – Business Investment





Fiscal Costs73 $475,000 $794,250 $475,000 $1,020,500

Fiscal Benefits74 $442,388 $2,085,600 $766,645 $4,271,980



Fiscal B/C Ratio 0.93 7.00 1.61 10.60

Project Benchmarks

Results





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