status - government of new york

ESD Quarterly Report: 2nd Quarter of Fiscal Year 2019-2020 1

STATUS REPORT: 2ND QUARTER FISCAL YEAR 2019-2020

As required by Section 30A(g) of the Urban Development Corporation Act 174/68, 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 2nd Quarter of Fiscal Year 2019-2020 (July 1 through September 30). During this period, ESD approved 75 awards to 71 companies or organizations for 73 projects* totaling $86,386,907 in State funding commitments. These projects will retain 2,109 jobs, create 528 jobs and leverage $701,419,419 in private or other public sector investment for a total public-private investment of $787,806,326.

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

* Projects may be funded by more than one award


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 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.

▪ Downstate Revitalization Fund – a $35 million appropriation enacted in FY 2008-09 to promote economic development by facilitating the creation and retention of jobs or other economic activity in downstate New York.

▪ Downtown Revitalization Initiative - In its third year, the program will invest $100 million into 10 additional downtown neighborhoods across the state. Participating communities are nominated by the state’s ten Regional Economic Development Councils (REDCs) based on the downtown’s potential for transformation, and each community is awarded $10 million to develop a downtown strategic investment plan and implement key catalytic projects that advance the community’s vision for revitalization.

▪ Economic Development Purposes Fund – an appropriation that made $62.36 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.

▪ Economic Transformation Program – a $50 million appropriation created as part of the 2011-12 FY budget to assist communities affected by closures of the state’s correctional and juvenile justice facilities. A $32 million appropriation was added in the 2014-15 budget.

▪ 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

▪ Federal Department of Defense Office of Economic Adjustment - Up to $700,000 was made available in the

2017-2018 FY budget through the United States Department of Defense Office of Economic Adjustment to fund projects that assist established and early stage defense industry companies with diversification and strengthen the resilience of the New York State defense companies to fluctuations in defense spending.


ECONOMIC DEVELOPMENT PROGRAMS: APPROPRIATION CATEGORIES CONTINUED

▪ High Technology Innovation and Economic Development Infrastructure Program – The FY 2018-2019 budget includes $300 million, and the FY 2019-2020 budget includes $325 million for initiatives that foster research and development of innovative technologies and leverage private investment in advanced science and technology, economic development initiatives, infrastructure, manufacturing, and other economic. development initiatives that leverage private investment in regional projects that create or retain jobs.

▪ 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.

▪ Market NY Program – an 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 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 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.


ECONOMIC DEVELOPMENT PROGRAMS: APPROPRIATION CATEGORIES CONTINUED

▪ Restore New York Communities Initiative – a $300 million appropriation, originally awarded for Rounds 1-3

between FY 2007- FY 2009, that aids municipalities in revitalizing vacant, abandoned or deteriorating commercial and residential properties which may be in need of demolition, rehabilitation or reconstruction. An additional $25 million was appropriated for Round 4 in 2016-17, and $70 million for Round 5 in 2017-18.

▪ Transformative Economic Development Program - a $150 million appropriation for projects that catalyze

private investment and result in resulting in significant economic development. The program also assists in the creation of temporary and permanent jobs, the growth of the commercial and residential tax base and the enhancement of the environment and quality of life for residents of Nassau or Suffolk County.

▪ Transformative Investment Program (“TIP”) - a $400 million appropriation to support capital costs of regionally significant economic development initiatives that create or retain private sector jobs. Funding is made available for project costs, services, expenses, loans and grants that catalyze private investment, grow commercial and residential tax bases and enhance the environment and quality of life for New York State residents.

▪ Upstate Revitalization Initiative - The New York Upstate Revitalization Initiative 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 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 2nd Quarter of FY 2019-2020. Appropriation Commitments

Buffalo Regional Innovation Cluster $24,635,000

Downtown Revitalization Initiative $865,752

Economic Development Initiatives $23,750

Empire State Economic Development Fund $2,765,000

Federal Department of Defense Program $138,000

Market New York Program $2,585,905

NYPA Craft Beverage Program $250,000

Regional Council Capital Fund $21,326,000

Restore New York Communities Initiative $3,240,000

Upstate Revitalization Initiative $30,500,000

Urban and Community Development Program $57,500

TOTAL $86,386,907


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

Project Name Total CommitmentBuffalo Regional Innovation Cluster1021 Broadway ESCEDF $525,00043North Expansion Capital $1,500,000Broadway-Fillmore Commerical District $500,000DL&W Terminal Buffalo Billions 16-17 $20,000,000Jefferson Avenue Commercial District $500,000Kensington Bailey Commercial District $500,000Martin Luther King Park Commercial District $500,000Nash Lofts ESCEDF $610,000Subtotal $24,635,000

Downtown Revitalization Initiative

Bronx Kreate Space Capital $595,000Vine Health and Fitness DRI Capital $270,752Subtotal $865,752

Economic Development Initiatives

Enetics Working Capital Global NY $23,750Subtotal $23,750

Empire State Economic Development Program

Cornell Smart Supply Working Capital $350,000Dealertrack Technologies Capital $1,500,000EJ USA Capital $450,000Seal & Design Capital 2017 $100,000Sheltair Farmingdale Capital $365,000Subtotal $2,765,000

Federal Department of Defense Program

Bren-Tronics DOD Working Capital $20,000TechnoVax DOD Working Capital $20,000Vistex DOD Working Capital $20,000Lite Coms DOD Working Capital $78,000Subtotal $138,000

Market New York Program

Bedford Stuyvesant Tourism Working Capital $75,000Brooklyn Botanic Garden Working Capital $225,000Catskill Revitalization - Day Out With Thomas the Tank Engine Working Capital $58,800City of Auburn NYS Equal Rights Heritage Center Working Capital $150,000City Winery Hudson Valley, Working Capital $240,000Discover Hudson Valley Working Capital $202,500Dunkirk Great Lakes Grand Prix Boat Races Working Capital $225,000Long Island LGBT - Pride on the Beach 2019 Working Capital $375,000Louis Comfort Tiffany: Treasures from the Dreihaus Collection Working Capital $78,327LUMA NY Waterways Mist Projection $89,000Rochester Fringe Festival Working Capital $144,788Special Touch Bakery Expansion and Outreach Working Capital $107,000Stonewall 50 and World Pride NYC Working Capital $37,500Storm King Art Center Working Capital $50,250The Apple of Our Eye Elevating the Reputation of New York's Craft Cider Working Capital $123,500Watkins Glen Out-of-State Traveler Campaign 2019 Working Capital $150,000World Surf League Working Capital $254,240Subtotal $2,585,905


Cumulative Summary of Commitments by Appropriation: Project List (p.2)

Project Name Total CommitmentNYPA Craft Beverage Program

Oneida County Tourism - Brew Central Working Capital $250,000Subtotal $250,000

Regional Council Capital Fund

Acropolis Center Redevelopment $800,000Advanced Manufacturing Training Capital $2,900,000A-L Tier II LLC/SIDEARM Capital $250,000Currier Plastics Capital (2) $1,570,000Flomatic Plant Expansion Capital $350,000Gerard Place Community Center Phase II Capital (2 commitments) $685,000Herkimer County IDA Schuyler Land Development Capital $120,000Hobart and William Smith Colleges Capital $250,000Jamestown West 2nd Street Public Piazza Capital $140,000K-TECHnologies F-35 Program Capital $100,000Lincoln Building Renovation Phase 2 Capital RC6 $450,000Lindsey Aggregates Capital $140,000Marquart Dairy Capital $1,500,000Memorial Art Gallery of the University of Rochester Capital $100,000Montefiore Nyack Hospital Capital $340,000National Urban League Capital $2,500,000North Country Dairy Capital $300,000Oerlikon Metco Capital $100,000Redhouse Arts and Culture Complex Capital $1,300,000Roycroft Campus Corporation- Copper Shop Capital $50,000Sheltair Farmingdale Capital $200,000Strobels Supply Expansion Capital $200,000Super DIRT Week 2019-25 $3,629,000Thuro Metal Products Capital $57,000Unither Capital $1,000,000UR Medicine 3D Organ Printing Capital $500,000Village of Carthage Wastewater Capital $1,650,000Watertown Industrial Center Improvements Capital $60,000Willow Rock Brewing Company Capital $85,000Subtotal $21,326,000

Restore New York Communities Initiative

City of Watertown - Court St. Commons Redevelopment RESTORE NY V $990,000New York-RESTORE II - West 125th Street $2,000,000Town of Catskill - Quality Inn Demo RESTORE IV $250,000Subtotal $3,240,000

Upstate Revitalization Initiative Program

Luminate NY Renewal $15,000,000Morse Manufacturing - Building and Equipment $500,000New York Food & Agriculture Challenge (Grow-NY) $15,000,000Subtotal $30,500,000

Urban and Community Development Program

City of Tonawanda Feasibility Study Working Capital $57,500Subtotal $57,500

Total $86,386,907


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 2nd Quarter of FY 2019-2020 for funding commitments previously approved by ESD.

Appropriation Disbursements

Buffalo Regional Innovation Cluster $9,968,769

Community Development Financial Institution $16,000

Downtown Revitalization Initiative $863,883

Economic Development Initiatives Fund $17,378,762

Economic Development Purposes Fund $180,000

Economic Transformation Program $150,000

Empire State Economic Development Fund $1,154,000

Entrepreneurial Assistance Program $353,569

Federal Department of Defense Program $462,228

High Technology Innovation and Economic

Development Infrastructure Program $114,400,000

Jobs Now Program $4,000,000

Market New York Program $953,263

Minority and Women-owned Business and

Development Lending Program $32,176

New NY Broadband Program $18,185,332

New York Works Economic Development Fund $10,382,635

New York Power Authority Program $666,667

NYPA Craft Beverage Marketing Program $76,703

New York State Life Science Initiative Fund $4,420

Regional Council Capital Fund $22,578,507

Restore New York Communities Initiative $4,932,065

Transformative Economic Development Program $4,000,000

Transformative Investment Program $769,999

Upstate Revitalization Initiative $32,427,108

Urban and Community Development Program $390,718

TOTAL $244,326,806


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

Project Name Commitment

Disbursement During

Q2 2019-2020

Buffalo Regional Innovation Cluster

429 Plymouth Avenue Better Buffalo Fund $1,553,974 $1,553,974

43North LLC Working Capital 2017-2018 $10,000,000 $2,775,000

Anderson Properties, Niagara Falls $27,005,000 $15,929

Buffalo Investment Development Strategy $2,250,000 $254,194

CCNF Operations Capital and Working Capital $2,800,000 $104,817

Darwin Martin House Buffalo Billions 16-17 $5,000,000 $492,613

Restore the Gorge Buffalo Billions 16-17 $1,000,000 $22,242

SUNY RF NYS Genome Medicine and Big Data Center Working Capital $47,500,000 $3,000,000

Tonawanda Smart Growth $2,500,000 $1,750,000

Subtotal $99,608,974 $9,968,769

Community Development Financial Institution Program

WVF CDFI 20 $40,000 $16,000

Subtotal $40,000 $16,000

Downtown Revitalization Initiative

AECOM USA DRI 3 $300,000 $26,547

Bergmann Associates DRI 3 $600,000 $116,429

Buckhurst, Fish & Jacquemart DRI 3 $300,000 $131,300

HR&A Advisors DRI 3 $600,000 $107,998

LaBella Associates DRI 3 $300,000 $11,216

MJ Engineering and Land Surveying DRI 3 $300,000 $151,689

Standard Practice Working Capital $250,000 $50,000

Stantec Consulting Services DRI 3 $300,000 $196,567

VHB Engineering, Surveying and Landscape Architecture DRI 3 $300,000 $72,137

Subtotal $3,250,000 $863,883

Economic Development Initiatives Fund

Buffalo Niagara Partnership Working Capital $13,702 $13,703

Business Attraction & Retention 17-18 $34,000,000 $331,505

Business Attraction & Retention 19-20 $6,000,000 $2,419,864

Central NY TDO Working Capital $16,500 $15,583

CVD Working Capital $22,352 $22,352

Electronics and Innovation Working Capital $13,889 $13,889

Emmelle Export Growth Working Capital $16,152 $16,152

LightsUp! Working Capital $15,185 $15,185

North Park Working Capital $22,432 $22,432

Tourism 17-18 $30,500,000 $510,874

Tourism 19-20 $33,500,000 $13,972,889

VITS Working Capital $24,334 $24,334

Subtotal $104,144,546 $17,378,762

Economic Development Purposes Fund

Long Island STEM Hub Working Capital $320,000 $60,000

Mercy Corps Business Mentor NY Website Hosting $375,000 $120,000

Subtotal $695,000 $180,000

Economic Transformation Program

Pure Functional Foods Capital $400,000 $150,000

Subtotal $400,000 $150,000




Disbursement During

Q2 2019-2020

Empire State Economic Development Fund

Aurora Machine Capital $300,000 $25,000

Bronx Community College Film Production Training Program $375,000 $225,000

Cozzini Bros. Capital $150,000 $37,500

Optimax Systems Capital $187,500 $187,500

Tulip Molded Plastics Capital $550,000 $125,000

Upstate Niagara Improvements Capital $220,000 $220,000

Worcester Creameries Capital $334,000 $334,000

Subtotal $2,116,500 $1,154,000

Entrepreneurial Assistance Program

EAP-ACCORD Entrepreneurial Assistance Program Center 18-19 $76,442 $38,221

EAP-Binghamton LDC Entrepreneurial Assistance Program Center 18-19 $76,442 $38,038

EAP-Capital Chamber Foundation Entrepreneurial Assistance Program Center 18-19 $76,442 $76,442

EAP-Chinatown Manpower Power EAP Center 16-17 $80,900 $40,450

EAP-Chinatown Manpower Project- Business Outreach Center EAP 17-18 $81,465 $40,733

EAP-Hofstra University Entrepreneurial Assistance Program Center 18-19 $76,442 $38,221

EAP-Hot Bread Kitchen Entrepreneurial Assistance Program Center 17-18 $81,465 $40,733

EAP-IBERO Waverly Entrepreneurial Assistance Program Center 17-18 $81,465 $40,733

Subtotal $631,063 $353,569

Federal Department of Defense Program

DiLab R3 MTAG Working Capital $50,000 $43,454

DiLAB-Bonbouton Working Capital $50,000 $38,789

DOD Cybersecurity Assistance $303,600 $26,380

Lithoz America- Working Capital $20,605 $20,605

Pvilion DOD Working Capital $13,000 $13,000

RIT LSI Working Capital $200,000 $200,000

SCCC DOD Working Capital $50,000 $100,000

Xallent Working Capital $20,000 $20,000

Subtotal $707,205 $462,228

High Technology Innovation and Economic Development Infrastructure Program

NYS-Applied Materials META Center Capital $250,000,000 $75,000,000

NYS-IBM AI Hardware Center Capital $300,000,000 $20,000,000

RF-NY CREATES Operating Support Working Capital $72,500,000 $19,400,000

Subtotal $622,500,000 $114,400,000

Jobs Now Program

Broadridge Financial Solutions $27,500,000 $4,000,000

Subtotal $27,500,000 $4,000,000

Market New York Program

Erie Canal Water Trail Working Capital $182,936 $105,242

Erie Canalway 200 Marketing Campaign Working Capital $124,575 $56,710

New York Cider Association Working Capital $51,000 $51,000

New York Wine and Grape Foundation Working Capital $93,750 $93,750

NY Wine Culinary Center Programmatic Working Capital $221,700 $22,684

Queens Tourism Council Working Capital $112,500 $86,432

Spiedie Fest Balloon Rally 2018 Working Capital $150,000 $81,563

Tenement Museum Under One Roof Working Capital $204,600 $204,600

The Wild Center Multi-Media Campaign Working Capital $300,000 $30,000

Visit Buffalo Niagara Working Capital $45,000 $45,000

Waterfront-A Special Exhibit Working Capital $176,283 $176,283

Subtotal $1,662,344 $953,263




Disbursement During

Q2 2019-2020

Minority and Women-owned Business Development and Lending

BOC MWBE Business Growth Accelerator Working Capital $150,000 $32,176

Subtotal $150,000 $32,176

New NY Broadband Program

2016 New NY Broadband Program Round 2 MIDTEL $6,831,856 $767,764

Armstrong Telephone Broadband Capital $1,778,256 $8,560

Central Catskills Initiative Broadband Capital $4,877,133 $521,963

Champlain Unserved New NY Broadband Capital $1,362,901 $60,114

Chazy and Westport NY Broadband Unserved Capital $2,363,839 $31,119

Chazy and Westport Telephone Broadband Capital-B $457,346 $4,998

Citizens Telephone Company of Hammond Broadband Capital $3,316,810 $257,314

Connecting the Capital District Phase 3 (Unserved) Broadband Capital 9-7467 $2,710,497 $780,732

Cortland-Chenango FTTH Broadband Capital $12,391,484 $1,079,766

DCBI Phase IV CAF Broadband Capital $3,861,077 $385,408

DCBI Phase IV Non-Caf Broadband Capital $5,329,453 $1,042,094

Deposit Telephone Unserved Broadband Capital $4,989,570 $986,937

DFT Local Service Corp. Northern Chautauqua NY BB Grant Phase 2 BB Capital $4,274,536 $338,105

Edwards Tel NY BB Phase II Capital $3,750,196 $605,416

FairPoint Communications Broadband Capital- A $2,013,513 $341,902

FairPoint Communications Broadband Capital- B $8,831,492 $649,685

Gtel Broadband Capital $2,512,562 $67,075

Haefele Phase 2 Underserved Broadband Capital $2,272,357 $898,040

Haefele Phase 2 Unserved Broadband Capital $2,749,975 $969,706

Hancock Telephone Company Broadband Capital $4,915,920 $647,341

Mid Hudson Phase 2 Broadband Capital $849,818 $358,473

Mid-Hudson Unserved Broadband Capital $950,184 $81,455

MIDTEL Unserved Broadband Capital $5,562,548 $40,610

MTC 2017 Lexington Broadband Initiative Capital $2,281,673 $77,697

MTC Cable Broadband Upgrade Capital $1,224,946 $46,051

Newport Telephone Unserved Broadband Capital $9,348,940 $473,589

Oneida County Rural Telephone Company $3,285,885 $84,110

Otsego Rural Broadband Capital I $2,631,472 $1,642,569

Pattersonville Telephone Company Broadband Capital $1,188,748 $18,266

Phase III CAF Broadband Capital $824,126 $142,405

Phase III Unserved Broadband Capital $3,649,999 $645,798

Taconic Telephone Underserved Broadband Capital $23,523,467 $3,217,630

TDS Telecom Edwards Telephone Broadband Capital $1,084,000 $424,946

Tompkins FTTH Broadband Capital $1,243,190 $487,695

Subtotal $139,239,769 $18,185,332

New York Works Economic Development Fund

Madison ARE Park $4,000,000 $4,000,000

Connect NYC $1,636,346 $346,053

Belmont North Next Generation Broadband $1,012,366 $178,306

Lyon Mountain Broadband $976,426 $140,367

ALCOA Massena Capital $23,000,000 $3,003,180

Empire Outlets Capital $41,000,000 $1,800,000

Lake Ontario Business Flood Recovery Grant Program (Physical Losses) $6,875,000 $164,729

Universal Stainless & Alloy Products Capital $868,532 $750,000

Subtotal $79,368,670 $10,382,635




Disbursement During

Q2 2019-2020

New York Power Authority Program

Renaissance - Global New York Export Small Business Revolving Loan Fund $1,666,667 $166,667

EGF - Global New York Export Small Business Revolving Loan Fund $1,500,000 $500,000

Subtotal $3,166,667 $666,667

NYPA Craft Beverage Program

Shawangunk Wine Trail Magazine Working Capital $46,818 $46,818

NYSBA 2016 Flour City Pavilion Working Capital $24,900 $9,456

NYSBA 2016 Syracuse Brewing Festival Working Capital $24,900 $20,429

Subtotal $96,618 $76,703

NYS Life Science Initiative Fund

Life Sciences Counsel $49,500 $4,420

Subtotal $49,500 $4,420

Regional Council Capital Fund

321 South Salina Street Capital $320,000 $320,000

Alken Industries Capital $20,000 $5,000

American Dance Institute Capital $500,000 $500,000

Aquarium of Niagara Jellyfish Exhibit Capital $68,000 $68,000

Bethlehem Steel Redevelopment Capital $2,280,000 $1,390,000

Center for Advanced Technology Capital $300,000 $300,000

Champlain Plastics Improvements Capital $110,000 $110,000

City of Auburn- Smart Grid Implementation Capital $1,200,000 $1,200,000

Community Tourism Transformation Fund $2,000,000 $200,000

Corning Community College Development Foundation Capital $8,000,000 $800,000

Crouse Hospital Emergency Department Capital $2,000,000 $2,000,000

Current Applications M&E Capital $19,000 $9,500

Ellicottville Brewing Company Capital REC6 $600,000 $450,000

Golisano Institute for Sustainability Capital $5,000,000 $4,000,000

Hudson Valley Lighting Combo $905,000 $176,250

HVCC Building Systems Technology Programs $13,598 $13,599

JBF Stainless Capital $680,000 $680,000

Jefferson Rehabilitation Center Capital $17,000 $17,000

Long Lake Next Generation Broadband $1,370,306 $34,048

MCC Applied Technology Center Capital $57,000 $57,000

MVEDGE Sewer Crossing Capital $700,000 $27,036

MVRCR Capital $1,748,000 $248,000

Nazareth College Glazer Music Performance Center Capital $1,000,000 $1,000,000

Port of Albany Big Lift Capital $4,000,000 $4,000,000

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

RXR SoYo Exalta Capital $1,000,000 $1,000,000

RXR SoYo Exalta Capital $1,250,000 $1,250,000

Special Touch Bakery Capital $481,000 $240,500

St. Joseph's College Capital $183,112 $183,112

St. Lawrence County IDA - Newton Falls Railroad phase 2 $8,672,000 $596,962

Tuxedo Sloatsburg Corridor Revitalization Capital $750,000 $187,500

Utica Coffee Roasting Company Capital $150,000 $150,000

Village of Wappingers Falls Capital $800,000 $800,000

William O. Smith Recreation Center Complex Improvements Capital $420,000 $420,000

Subtotal $46,759,016 $22,578,507




Disbursement During

Q2 2019-2020

Restore New York Communities Initiative

Avon – RESTORE – Avon Inn RESTORE IV $500,000 $500,000

City of Fulton RT 481 Gateway RESTORE IV $350,000 $350,000

City of Lockport- Tuscarora Club RESTORE IV $500,000 $119,664

City of Oneonta – Stevens Hardware Building RESTORE NY V $750,000 $478,980

New York - RESTORE III - Bush Terminal $10,000,000 $2,936,391

Village of Dansville - Dansville Depot RESTORE IV $285,488 $85,646

Village of Owego - Gateway Capital RESTORE IV $500,000 $461,384

Subtotal $12,885,488 $4,932,065

Transformative Economic Development Program

BNL Big Data Science Capital $15,000,000 $4,000,000

Subtotal $15,000,000 $4,000,000

Transformative Investment Program

Nassau Coliseum Renovation Capital $6,000,000 $769,999

Subtotal $6,000,000 $769,999

Upstate Revitalization Initiative

AIM Photonics Capital URI $216,887,080 $5,500,000

Alliance for Economic Inclusion Fund Capital and Working Capital $30,000,000 $6,000,000

Aurora Shoe Company Capital $50,000 $50,000

CenterState CEO GENIUSNY III-V URI Capital and Working Capital $15,000,000 $2,000,000

CenterState GENIUS NY II $5,000,000 $500,000

Dick's Merchandising & Supply Chain, Inc. Capital/Excelsior $12,450,000 $787,500

Excell Technology Ventures URI $25,000,000 $2,021,611

FlexTech Alliance Capital $20,000,000 $1,375,997

Giovanni Food Consolidation and Upgrade $1,085,000 $280,000

Greater Syracuse Soundstage $1,700,000 $100,000

McNeil & Co. Insurance Office Campus Capital $1,100,000 $1,100,000

MVRCR Capital $1,748,000 $626,000

Northeast UAS Airspace Integration Research Alliance Capital $30,000,000 $3,204,210

Photonics Venture Challenge Working Capital $10,000,000 $3,000,000

Sustainable Manufacturing Innovation Alliance REMADE Working Capital $10,000,000 $354,761

Tony Baird Electronics Capital $14,152 $7,029

Unmanned Secure Autonomous Flight Environment (U-SAFE) Capital $5,100,000 $1,020,000

Welch Allyn Expansion and Consolidation $12,300,000 $4,500,000

Subtotal $397,434,232 $32,427,108

Urban and Community Development Program

Arkell Museum Strategic Planning Capital $40,437 $40,437

Cattaraugus County Site Development Working Capital $34,750 $34,750

Jefferson County IDA Infrastructure Feasibility $50,000 $50,000

Military Base Consulting $993,465 $8,000

Military Base Consulting- UCDP $1,547,040 $82,000

NYC Waterfront Development Permitting Working Capital $300,000 $29,650

NYC Waterfront Development Permitting Working Capital $300,000 $18,210

Town of Lewiston Artpark Master Plan Capital $100,000 $50,000

Town of Wawarsing Planning and Feasibility Study Working Capital $20,000 $20,000

Upper Port Jefferson Strategic Planning Working Capital $10,882 $10,882

Village of Victor Downtown Revitalization Plan Working Capital $25,000 $25,000

West Canada Creek Flood Mitigation Working Capital $21,789 $21,789

Subtotal $3,443,363 $390,718

Total $1,566,848,955 $244,326,806


SECTION 2: GEOGRAPHIC DISTRIBUTION OF APPROVED

PROJECTS

Region Approved Projects Total Commitments

Capital 4 Projects $3,520,000

Central 11 Projects $9,144,752

Finger Lakes 10 Projects $18,703,538

Long Island 7 Projects $2,871,240

Mid-Hudson 5 Projects $852,750

Mohawk Valley 3 Projects $448,327

New York City 6 Projects $5,432,500

North Country 5 Projects $3,450,000

Southern Tier 7 Projects $15,971,300

Western New York 15 Projects $25,992,500

TOTAL 73 Projects $86,386,907


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

Project Name Total Commitment

Capital Region

Advanced Manufacturing Training Capital $2,900,000

Flomatic Plant Expansion Capital $350,000

Town of Catskill - Quality Inn Demo RESTORE IV $250,000

Vistex DOD Working Capital $20,000

Subtotal $3,520,000

Central Region

Acropolis Center Redevelopment $800,000

A-L Tier II LLC/SIDEARM Capital $250,000

City of Auburn NYS Equal Rights Heritage Center Working Capital $150,000

Currier Plastics Capital (2) $1,570,000

EJ USA Capital $450,000

Lindsey Aggregates Capital $140,000

Morse Manufacturing - Building and Equipment $500,000

Redhouse Arts and Culture Complex Capital $1,300,000

Super DIRT Week 2019-25 $3,629,000

Vine Health and Fitness DRI Capital $270,752

Willow Rock Brewing Company Capital $85,000

Subtotal $9,144,752

Finger Lakes Region

Enetics Working Capital Global NY $23,750

Hobart and William Smith Colleges Capital $250,000

Lite Coms DOD Working Capital $78,000

Luminate NY Renewal $15,000,000

Marquart Dairy Capital $1,500,000

Memorial Art Gallery of the University of Rochester Capital $100,000

Rochester Fringe Festival Working Capital $144,788

Special Touch Bakery Expansion and Outreach Working Capital $107,000

Unither Capital $1,000,000

UR Medicine 3D Organ Printing Capital $500,000

Subtotal $18,703,538

Long Island Region

Bren-Tronics DOD Working Capital $20,000

Dealertrack Technologies Capital $1,500,000

Long Island LGBT - Pride on the Beach 2019 Working Capital $375,000

Oerlikon Metco Capital $100,000

Sheltair Farmingdale Capital $565,000

Thuro Metal Products Capital $57,000

World Surf League Working Capital $254,240

Subtotal $2,871,240

Mid-Hudson Region

City Winery Hudson Valley, Working Capital $240,000

Discover Hudson Valley Working Capital $202,500

Montefiore Nyack Hospital Capital $340,000

Storm King Art Center Working Capital $50,250

TechnoVax DOD Working Capital $20,000

Subtotal $852,750


Geographic Distribution of Approved Projects: Project List (p. 2)

Project Name Total Commitment

Mohawk Valley Region

Herkimer County IDA Schuyler Land Development Capital $120,000

Louis Comfort Tiffany: Treasures from the Dreihaus Collection Working Capital $78,327

Oneida County Tourism - Brew Central Working Capital $250,000

Subtotal $448,327

New York City Region

Bedford Stuyvesant Tourism Working Capital $75,000

Bronx Kreate Space Capital $595,000

Brooklyn Botanic Garden Working Capital $225,000

National Urban League Capital $2,500,000

New York-RESTORE II - West 125th Street $2,000,000

Stonewall 50 and World Pride NYC Working Capital $37,500

Subtotal $5,432,500

North Country Region

City of Watertown - Court St. Commons Redevelopment RESTORE NY V $990,000

Lincoln Building Renovation Phase 2 Capital RC6 $450,000

North Country Dairy Capital $300,000

Village of Carthage Wastewater Capital $1,650,000

Watertown Industrial Center Improvements Capital $60,000

Subtotal $3,450,000

Southern Tier Region

Catskill Revitalization - Day Out With Thomas the Tank Engine Working Capital $58,800

Cornell Smart Supply Working Capital $350,000

LUMA NY Waterways Mist Projection $89,000

New York Food & Agriculture Challenge (Grow-NY) $15,000,000

Strobels Supply Expansion Capital $200,000

The Apple of Our Eye Elevating the Reputation of New York's Craft Cider Working Capital $123,500

Watkins Glen Out-of-State Traveler Campaign 2019 Working Capital $150,000


Western New York Region

1021 Broadway ESCEDF $525,000

43North Expansion Capital $1,500,000

Broadway-Fillmore Commerical District $500,000

City of Tonawanda Feasibility Study Working Capital $57,500

DL&W Terminal Buffalo Billions 16-17 $20,000,000

Dunkirk Great Lakes Grand Prix Boat Races Working Capital $225,000

Gerard Place Community Center Phase II Capital $685,000

Jamestown West 2nd Street Public Piazza Capital $140,000

Jefferson Avenue Commercial District $500,000

Kensington Bailey Commercial District $500,000

K-TECHnologies F-35 Program Capital $100,000

Martin Luther King Park Commercial District $500,000

Nash Lofts ESCEDF $610,000

Roycroft Campus Corporation- Copper Shop Capital $50,000

Seal & Design Capital 2017 $100,000


Total $86,386,907


SECTION 3: JOB CREATION AND RETENTION

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

Capital 4 45 45 15 60 Central 11 478 478 78 556 Finger Lakes 10 262 262 0 262 Long Island 7 966 966 363 1,329 Mid-Hudson 5 0 0 0 0 Mohawk Valley 3 0 0 0 0 New York City 6 0 0 0 0 North Country 5 145 145 17 162 Southern Tier 7 19 19 10 29 Western New York 15 194 194 45 239 Total 73 2,109 2,109 528 2,637

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 NameTotal

CommitmentInitial Jobs Retained Jobs Created Jobs Total Jobs

Capital RegionAdvanced Manufacturing Training Capital $2,900,000 0 0 0 0Flomatic Plant Expansion Capital $350,000 45 45 15 60Town of Catskill - Quality Inn Demo RESTORE IV $250,000 0 0 0 0Vistex DOD Working Capital $20,000 0 0 0 0Subtotal $3,520,000 45 45 15 60

Central RegionAcropolis Center Redevelopment $800,000 0 0 0 0A-L Tier II LLC/SIDEARM Capital $250,000 175 175 35 210City of Auburn NYS Equal Rights Heritage Center Working Capital $150,000 0 0 0 0Currier Plastics Capital (2) $1,570,000 150 150 20 170EJ USA Capital $450,000 80 80 9 89Lindsey Aggregates Capital $140,000 17 17 4 21Morse Manufacturing - Building and Equipment $500,000 34 34 0 34Redhouse Arts and Culture Complex Capital $1,300,000 22 22 0 22Super DIRT Week 2019-25 $3,629,000 0 0 0 0Vine Health and Fitness DRI Capital $270,752 0 0 0 0Willow Rock Brewing Company Capital $85,000 0 0 10 10Subtotal $9,144,752 478 478 78 556

Finger Lakes RegionEnetics Working Capital Global NY $23,750 0 0 0 0Hobart and William Smith Colleges Capital $250,000 0 0 0 0Lite Coms DOD Working Capital $78,000 0 0 0 0Luminate NY Renewal $15,000,000 0 0 0 0Marquart Dairy Capital $1,500,000 0 0 0 0Memorial Art Gallery of the University of Rochester Capital $100,000 0 0 0 0Rochester Fringe Festival Working Capital $144,788 0 0 0 0Special Touch Bakery Expansion and Outreach Working Capital $107,000 0 0 0 0Unither Capital $1,000,000 262 262 0 262UR Medicine 3D Organ Printing Capital $500,000 0 0 0 0Subtotal $18,703,538 262 262 0 262

Long Island RegionBren-Tronics DOD Working Capital $20,000 0 0 0 0Dealertrack Technologies Capital $1,500,000 535 535 357 892Long Island LGBT - Pride on the Beach 2019 Working Capital $375,000 0 0 0 0Oerlikon Metco Capital $100,000 275 275 4 279Sheltair Farmingdale Capital (2 commitments) $565,000 103 103 0 103Thuro Metal Products Capital $57,000 53 53 2 55World Surf League Working Capital $254,240 0 0 0 0Subtotal $2,871,240 966 966 363 1,329

Mid-Hudson RegionCity Winery Hudson Valley, Working Capital $240,000 0 0 0 0Discover Hudson Valley Working Capital $202,500 0 0 0 0Montefiore Nyack Hospital Capital $340,000 0 0 0 0Storm King Art Center Working Capital $50,250 0 0 0 0TechnoVax DOD Working Capital $20,000 0 0 0 0Subtotal $852,750 0 0 0 0

Mohawk Valley RegionHerkimer County IDA Schuyler Land Development Capital $120,000 0 0 0 0Louis Comfort Tiffany: Treasures from the Dreihaus Collection Working Capital $78,327 0 0 0 0Oneida County Tourism - Brew Central Working Capital $250,000 0 0 0 0Subtotal $448,327 0 0 0 0

New York City RegionBedford Stuyvesant Tourism Working Capital $75,000 0 0 0 0Bronx Kreate Space Capital $595,000 0 0 0 0Brooklyn Botanic Garden Working Capital $225,000 0 0 0 0National Urban League Capital $2,500,000 0 0 0 0New York-RESTORE II - West 125th Street $2,000,000 0 0 0 0Stonewall 50 and World Pride NYC Working Capital $37,500 0 0 0 0Subtotal $5,432,500 0 0 0 0


Job Creation and Retention: Project List (p. 2)

Project NameTotal

CommitmentInitial Jobs Retained Jobs Created Jobs Total Jobs

North Country RegionCity of Watertown - Court St. Commons Redevelopment RESTORE NY V $990,000 0 0 0 0Lincoln Building Renovation Phase 2 Capital RC6 $450,000 0 0 0 0North Country Dairy Capital $300,000 85 85 17 102Village of Carthage Wastewater Capital $1,650,000 0 0 0 0Watertown Industrial Center Improvements Capital $60,000 60 60 0 60Subtotal $3,450,000 145 145 17 162

Southern Tier RegionCatskill Revitalization - Day Out With Thomas the Tank Engine Working Capital $58,800 0 0 0 0Cornell Smart Supply Working Capital $350,000 0 0 0 0LUMA NY Waterways Mist Projection $89,000 0 0 0 0New York Food & Agriculture Challenge (Grow-NY) $15,000,000 0 0 0 0Strobels Supply Expansion Capital $200,000 19 19 10 29The Apple of Our Eye Elevating the Reputation of New York's Craft Cider Working Capital $123,500 0 0 0 0Watkins Glen Out-of-State Traveler Campaign 2019 Working Capital $150,000 0 0 0 0Subtotal $15,971,300 19 19 10 29

Western New York Region1021 Broadway ESCEDF $525,000 0 0 0 043North Expansion Capital $1,500,000 0 0 0 0Broadway-Fillmore Commerical District $500,000 0 0 0 0

City of Tonawanda Feasibility Study Working Capital $57,500 0 0 0 0DL&W Terminal Buffalo Billions 16-17 $20,000,000 0 0 0 0Dunkirk Great Lakes Grand Prix Boat Races Working Capital $225,000 0 0 0 0Gerard Place Community Center Capital (2 commitments) $685,000 0 0 0 0Jamestown West 2nd Street Public Piazza Capital $140,000 0 0 0 0Jefferson Avenue Commercial District $500,000 0 0 0 0Kensington Bailey Commercial District $500,000 0 0 0 0K-TECHnologies F-35 Program Capital $100,000 74 74 24 98Martin Luther King Park Commercial District $500,000 0 0 0 0

Nash Lofts ESCEDF $610,000 0 0 0 0Roycroft Campus Corporation- Copper Shop Capital $50,000 0 0 0 0Seal & Design Capital 2017 $100,000 120 120 21 141Subtotal $25,992,500 194 194 45 239

Total $86,386,907 2,109 2,109 528 2,637


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 71 recipients of funding approved by ESD in the 2nd Quarter of Fiscal Year 2019-2020, 41 recipients (58%) were located in distressed communities. Of these 41 recipients,

▪ 8 (11% of total funding recipients) were located in a distressed rural community ▪ 33 (47% of total funding recipients) were located in distressed urban communities

Small- and Medium-sized Businesses Of the 71 recipients of funding approved by ESD in the 2nd Quarter of Fiscal Year 2019-2020, 28 (29%) were small or medium-sized businesses or organizations.

Strategic Industries Of the 73 projects approved by ESD in the 2nd Quarter of Fiscal Year 2019-2020, the following industries were represented:

Industry Percentage of Total Funding # of Project(s)

Arts Culture & Entertainment 8% 13

Business Consultancy 22% 6

Education 22% 6

Food & Beverage Manufacturing/Distribution 3% 5

Health 0.42% 2

Machinery & Miscellaneous Manufacturing 5.4% 13

Municipal /Government/Not-For-Profit 32.1% 17 Real Estate Development 7% 8 Tourism <1% 2 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 4.1% (the New York State unemployment average for the year 2018). “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.


Distressed Urban and Rural Communities: Project List

Project Name Benefit Cost

Rural

Catskill Revitalization - Day Out With Thomas the Tank Engine Working Capital N/A N/A

EJ USA Capital $4,041,390 $797,080

Herkimer County IDA Schuyler Land Development Capital N/A N/A

Lindsey Aggregates Capital $234,110 $140,000

North Country Dairy Capital $1,337,421 $300,000

Roycroft Campus Corporation- Copper Shop Capital N/A N/A

Seal & Design Capital 2017 $1,858,186 $100,000

Town of Catskill - Quality Inn Demo RESTORE IV N/A N/A

Subtotal $7,471,107 $1,337,080

Urban

1021 Broadway ESCEDF N/A N/A

43North Expansion Capital N/A N/A

Bedford Stuyvesant Tourism Working Capital N/A N/A

Broadway-Fillmore Commerical District N/A N/A

Bronx Kreate Space Capital N/A N/A

Brooklyn Botanic Garden Working Capital N/A N/A

City of Auburn NYS Equal Rights Heritage Center Working Capital N/A N/A

City of Tonawanda Feasibility Study Working Capital N/A N/A

City of Watertown - Court St. Commons Redevelopment RESTORE NY V N/A N/A

Currier Plastics Capital (2) $1,734,690 $1,570,000

DL&W Terminal Buffalo Billions 16-17 N/A N/A

Dunkirk Great Lakes Grand Prix Boat Races Working Capital N/A N/A

Gerard Place Community Center Phase II Capital N/A N/A

Gerard Place Education and Community Center N/A N/A

Jamestown West 2nd Street Public Piazza Capital N/A N/A

Jefferson Avenue Commercial District N/A N/A

Kensington Bailey Commercial District N/A N/A

K-TECHnologies F-35 Program Capital N/A N/A

Lincoln Building Renovation Phase 2 Capital RC6 $3,369,943 $450,000

Lite Coms DOD Working Capital N/A N/A

Louis Comfort Tiffany: Treasures from the Dreihaus Collection Working Capital N/A N/A

LUMA NY Waterways Mist Projection N/A N/A

Luminate NY Renewal N/A N/A

Martin Luther King Park Commercial District N/A N/A

Memorial Art Gallery of the University of Rochester Capital N/A N/A

Nash Lofts ESCEDF N/A N/A

Oneida County Tourism - Brew Central Working Capital N/A N/A

Rochester Fringe Festival Working Capital N/A N/A

Special Touch Bakery Expansion and Outreach Working Capital N/A N/A

Super DIRT Week 2019-25 N/A N/A

Unither Capital N/A N/A

UR Medicine 3D Organ Printing Capital N/A N/A

Village of Carthage Wastewater Capital N/A N/A

Vine Health and Fitness DRI Capital $35,132 $270,752

Watertown Industrial Center Improvements Capital N/A N/A

Subtotal $5,139,765 $2,290,752

Total $12,610,872 $3,627,832


Small and Medium-Sized Business: Project List


Acropolis Center Redevelopment N/A N/A



City Winery Hudson Valley, Working Capital N/A N/A


EJ USA Capital $4,041,390 $797,080

Enetics Working Capital Global NY N/A N/A

Flomatic Plant Expansion Capital $577,085 $554,306

Gerard Place Community Center Capital (2 Commitments) N/A N/A








Marquart Dairy Capital N/A N/A


Morse Manufacturing - Building and Equipment N/A N/A

National Urban League Capital N/A N/A


Redhouse Arts and Culture Complex Capital $2,117,707 $1,300,000


Stonewall 50 and World Pride NYC Working Capital N/A N/A

Thuro Metal Products Capital $1,278,961 $57,000



Vistex DOD Working Capital N/A N/A

Willow Rock Brewing Company Capital $372,236 $85,000

Total $15,098,675 $5,524,138


Strategic Industries: Project List (p. 1)


Arts/Entertainment/Sports/ Recreation


Brooklyn Botanic Garden Working Capital N/A N/A

Louis Comfort Tiffany: Treasures from the Dreihaus Collection Working Capital N/A N/A

LUMA NY Waterways Mist Projection N/A N/A


Rochester Fringe Festival Working Capital N/A N/A

Roycroft Campus Corporation- Copper Shop Capital N/A N/A

Stonewall 50 and World Pride NYC Working Capital N/A N/A

Storm King Art Center Working Capital N/A N/A

Super DIRT Week 2019-25 N/A N/A


Watkins Glen Out-of-State Traveler Campaign 2019 Working Capital N/A N/A

World Surf League Working Capital N/A N/A

Subtotal $2,152,839 $1,570,752

Business Consultancy

A-L Tier II LLC/SIDEARM Capital N/A N/A

Dealertrack Technologies Capital N/A N/A

Enetics Working Capital Global NY N/A N/A


New York-RESTORE II - West 125th Street N/A N/A

Vistex DOD Working Capital N/A N/A

Subtotal $0 $0

Education

Advanced Manufacturing Training Capital N/A N/A

Cornell Smart Supply Working Capital N/A N/A

Hobart and William Smith Colleges Capital N/A N/A

Memorial Art Gallery of the University of Rochester Capital N/A N/A

New York Food & Agriculture Challenge (Grow-NY) N/A N/A

UR Medicine 3D Organ Printing Capital N/A N/A

Subtotal $0 $0

Food & Beverage Manufacturing/Distribution

City Winery Hudson Valley, Working Capital N/A N/A

Marquart Dairy Capital N/A N/A



Willow Rock Brewing Company Capital N/A N/A

Subtotal $1,337,421 $300,000

Health

Montefiore Nyack Hospital Capital N/A N/A

TechnoVax DOD Working Capital N/A N/A

Subtotal $0 $0




Machinery & Miscellaneous Manufacturing

Bren-Tronics DOD Working Capital N/A N/A


EJ USA Capital $4,041,390 $797,080





Morse Manufacturing - Building and Equipment $1,597,215 $500,000

Oerlikon Metco Capital $366,925 $100,000


Strobels Supply Expansion Capital $302,881 $200,000



Subtotal $11,991,443 $4,018,386

Municipal /Government/Not-For-Profit

1021 Broadway ESCEDF N/A N/A

Bedford Stuyvesant Tourism Working Capital N/A N/A

Catskill Revitalization - Day Out With Thomas the Tank Engine Working Capital N/A N/A

City of Auburn NYS Equal Rights Heritage Center Working Capital N/A N/A

City of Tonawanda Feasibility Study Working Capital N/A N/A

City of Watertown - Court St. Commons Redevelopment RESTORE NY V N/A N/A

DL&W Terminal Buffalo Billions 16-17 N/A N/A

Dunkirk Great Lakes Grand Prix Boat Races Working Capital N/A N/A

Herkimer County IDA Schuyler Land Development Capital N/A N/A

Jamestown West 2nd Street Public Piazza Capital N/A N/A


Long Island LGBT - Pride on the Beach 2019 Working Capital N/A N/A

National Urban League Capital N/A N/A

The Apple of Our Eye Elevating the Reputation of New York's Craft Cider Working Capital N/A N/A

Town of Catskill - Quality Inn Demo RESTORE IV N/A N/A

Village of Carthage Wastewater Capital N/A N/A

Watertown Industrial Center Improvements Capital N/A N/A

Subtotal $0 $0

Real Estate Development/Housing

43North Expansion Capital N/A N/A

Acropolis Center Redevelopment N/A N/A


Gerard Place Community Center Phase Capital (2 Commitments) N/A N/A




Nash Lofts ESCEDF N/A N/A

Subtotal $3,369,943 $450,000




Tourism

Discover Hudson Valley Working Capital N/A N/A

Oneida County Tourism - Brew Central Working Capital N/A N/A

Subtotal $0 $0

Transportation

Sheltair Farmingdale Capital (2 Commitments) N/A N/A

Subtotal $0 $0

Total $18,851,646 $6,339,138


APPENDIX: FISCAL BENEFIT TO COST EVALUATIONS

Where impact was quantifiable, the projects that were analyzed yield an overall Fiscal Benefit to Cost ratio of 3.77. 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 $3.77.

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, 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.


EJ USA Capital $4,041,390 $797,080

Sheltair Farmingdale Capital (2 Commitments) $1,802,160 $565,000




Morse Manufacturing - Building and Equipment $1,597,215 $500,000




Willow Rock Brewing Company Capital $372,236 $85,000


Strobels Supply Expansion Capital $302,881 $200,000



A-L Tier II LLC/SIDEARM Capital $7,841,300 $250,000

Oerlikon Metco Capital $366,925 $100,000

Total $8,208,225 $350,000


▪ For funding awards under $250,000, only the total benefit is provided rather than a full evaluation.

Project Summary

Benefit-Cost Evaluation1

EJ USA, 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: 82 Construction Job Years (Direct): 86 New Jobs: 9 (over five years) Construction Job Years (Indirect): 50

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

Government Benchmarks

Fiscal Costs3 $797,080 $794,250 $797,080 $1,020,500

Fiscal Benefits4 $4,041,390 $2,085,600 $7,048,052 $4,271,980

Fiscal Cost /Direct Job $11,286 $3,000 $11,286 $4,110

Fiscal Cost/Total Jobs $5,149 $1,424 $5,149 $1,964

Fiscal B/C Ratio 5.07 7.00 8.84 10.60

Project Benchmarks

Results

Economic Benefits5 $53,609,918 $119,468,000

Econ. Benefits/Total Jobs $346,304 $147,600

Economic B/C Ratio 67.26 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.

Project Summary


Sheltair Farmingdale LLC – 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: 103 Construction Job Years (Direct): 104 New Jobs: 0 Construction Job Years (Indirect): 69



Fiscal Costs8 $565,000 $794,250 $565,000 $1,020,500

Fiscal Benefits9 $1,802,160 $2,085,600 $4,849,558 $4,271,980



Fiscal B/C Ratio 5.73 7.00 10.40 10.60

Project Benchmarks

Results





Project Summary Benefit-Cost Evaluation11

Doolittle & Hall LLC – 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: 0 Construction Job Years (Direct): 19 New Jobs: 25 in year one Construction Job Years (Indirect): 9



Fiscal Costs13 $450,000 $794,250 $450,000 $1,020,500

Fiscal Benefits14 $3,369,943 $2,085,600 $5,942,167 $4,271,980



Fiscal B/C Ratio 7.49 7.00 13.20 10.60

Project Benchmarks

Results


Econ. Benefits/Total Jobs $1,454,874 $147,600



Project Summary


Redhouse Arts Center – 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: 7 Construction Job Years (Direct): 59 New Jobs: 15 over two years Construction Job Years (Indirect): 35



Fiscal Costs18 $1,300,000 $794,250 $1,300,000 $1,020,500

Fiscal Benefits19 $2,117,707 $2,085,600 $3,740,596 $4,271,980



Fiscal B/C Ratio 1.63 7.00 2.88 10.60

Project Benchmarks

Results


Econ. Benefits/Total Jobs $1,482,579 $147,600



Project Summary


Business Investment Project Vine Health Fitness

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): 5 Construction Job Years (Indirect): 3

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 $270,752 $794,250 $270,752 $1,020,500

Fiscal Benefits24 $35,132 $2,085,600 $62,271 $4,271,980 Fiscal B/C Ratio 0.13 7.00 0.23 10.60

Benchmarks Project for ESD Results Projects

Economic Benefits25 $453,287 $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.

Project Summary


Morse Manufacturing Company, 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: 34 Construction Job Years (Direct): 44 New Jobs: 0 Construction Job Years (Indirect): 26



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

Fiscal Benefits29 $1,597,215 $2,085,600 $2,780,265 $4,271,980



Fiscal B/C Ratio 3.19 7.00 5.56 10.60

Project Benchmarks

Results






Flomatic Corporation – 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: 45 Construction Job Years (Direct): 15 New Jobs: 15 over three years Construction Job Years (Indirect): 11



Fiscal Costs33 $554,306 $794,250 $554,306 $1,020,500

Fiscal Benefits34 $577,085 $2,085,600 $970,503 $4,271,980



Fiscal B/C Ratio 1.04 7.00 1.75 10.60

Project Benchmarks

Results





Project Summary


North Country Dairy, LLC – 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: 85 Construction Job Years (Direct): 2 New Jobs: 17 over five years Construction Job Years (Indirect): 1



Fiscal Costs38 $300,000 $794,250 $300,000 $1,020,500

Fiscal Benefits39 $1,337,421 $2,085,600 $2,303,811 $4,271,980



Fiscal B/C Ratio 4.46 7.00 7.68 10.60

Project Benchmarks

Results






Currier Plastics, 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: 150 Construction Job Years (Direct): 10 New Jobs: 20 over three years Construction Job Years (Indirect): 6



Fiscal Costs43 $1,570,000 $794,250 $1,570,000 $1,020,500

Fiscal Benefits44 $1,734,690 $2,085,600 $3,021,422 $4,271,980



Fiscal B/C Ratio 1.10 7.00 1.92 10.60

Project Benchmarks

Results





Half in the Bag Brewery, LLC dba. Willow Rock Brewing Company Evaluated over a seven-year period, project fiscal benefits to New York State government are expected to be $372,236, which exceed the cost to the State.

Lindsey Aggregates, Inc. Evaluated over a seven-year period, project fiscal benefits to New York State government are expected to be $234,110, which exceed the cost to the State.

Strobels Supply, Inc. Evaluated over a seven-year period, project fiscal benefits to New York State government are expected to be $302,881, which exceed the cost to the State.

Thuro Metal Products, Inc. Evaluated over a seven-year period, project fiscal benefits to New York State government are expected to be $1,278,961, which exceed the cost to the State.

Seal & Design, Inc. Evaluated over a seven-year period, project fiscal benefits to New York State government are expected to be $1,858,186, which exceed the cost to the State.

A-LF Holding Company, Inc. (“SIDEARM” or the “Company”) Evaluated over a seven-year period, project fiscal benefits to New York State government are expected to be $7,481,300, which exceed the cost to the State.

Oerlikon Metco US Inc. Evaluated over a seven-year period, project fiscal benefits to New York State government are expected to be $366,925, which exceed the cost to the State.

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