credc web version

8/3/2019 CREDC Web Version

1/40


2/40

Vision

The Capital Region Economic Ecosystem:Locally collaborative. Globally competitive. Economically vibrant.

Private Sector, Academia & Government Work in Harmony

Attract Business, International Investment & World-Class Talent Build on Our Strengths & Assets Understand & Capitalize on Opportunities Develop & Attract the Resources Support Small Business Encourage & Assist Entrepreneurs Attract the Best & Brightest Students Retain the World-Class Talent in the Region


3/40

Assets & Strengths

Natural Beauty Cultural & Historical Opportunities Diverse, Growing Economy

Major Firm Expansion Multiple Start-ups Stable Small & Medium Enterprises Strong Agricultural Sector

World-Class Higher Education Public and Private Universities and Colleges

Attractors of Investment & People Idea Generation & Translation Movement from Lab to

Marketplace


4/40

Assets & Strengths

Technological Innovation Nanotechnology High-Performance Computing

Green Technology Biotechnology

Public and Private Investment Access to Markets

Major Domestic Markets International Markets


5/40

Goals

Leverage & Collaborate Open New Doors Prepare for Tomorrow Build a Superhighway Bring Cities to Life

Celebrate & OptimizeOur Surroundings

Showcase Our Beauty Spotlight Our Strengths


6/40

Opportunities

Building on Our Assets & Strengths: Create 21 st Century Infrastructure

Communications Computation Transportation Energy

Improve & Add Access to Capital Capitalize On & Strengthen Research Universities Build Stronger Partnerships, Collaborations, Coalitions

Across Multiple Sectors Revitalize Our Urban Areas Market the Region - Regional Brand & Identity


7/40

Transformative Projects

Broadly TransformativeInitiatives & Projects:

Leverage $487MM in Early Economic Growthfrom a $45MM State Investment

Leverage Nearly $11 in Private Investment forEvery $1 Invested by New York State

Create Thousands of Jobs


8/40

Transformative ProjectsTransformative Projects & Initiatives Categories:

6 Broadly Transformative (Seeking Funding) 15 Locally & Economically Significant Transformative Projects(Seeking Funding)

5 Transformative (No Funding Sought/Endorsed by CREDC )

Nearly 400 CFA Projects Reviewed

Projects Prioritized Based on: Alignment w/ Transformative Evaluation Criteria Alignment w/ CFA Endorsement CriteriaLinkage to CREDC Strategic Plan & Transformative Initiatives


9/40

Transformative Projects -21 st Century Infrastructure

Access to the WorldBroadband Access: Incentivize & Fund High-Speed Broadband

$7.18MM State Investment to Leverage $20.2MM Access to New Markets New Business Creation & Increase Competitiveness

Ensure Reliable, Cost-Effective, Best in Class Access Expand Coverage By 10% Over 5 Years


10/40

Transformative Projects -21 st Century InfrastructureHigh-Performance Computation:

Key Enabler for Research, Industrial Productivity, SustainableSmart Environments

Petascale Project - Public/Private partnership - IBM, Academic

Institutions, New York State Exascale Computing (10 18) is Coming & is a Disruptive Technology Petascale is a Critical Enabler of Exascale

One Quadrillion Operations a Second (10 15)

Builds on Current Regional Strength in Terascale (10 12) Housed in Existing (CCNI) Facility at Rensselaer Technology Park

Project Will Bring One of the World s First Petascale Computing Systems toNew York State

Capital Region an Anchor for State-wide HPC Network


11/40

Transformative Projects -21 st Century Infrastructure

Stem Cells

GrapheneNanosheets

SmartGrid

Intelligent

Systems

Energy Nanomaterial


12/40

Transformative Projects -21 st Century InfrastructureHigh-Performance Computation: Double Federal Funding to the Region Increase Users from 700 to 2000

Increase Corporate Usefrom 20 to 200

Increase Productivity by 30% Deliver 6,000 New Jobs

$25MM State Investment to Leverage $125MM

Opening The Doors to Solving Global Challenges


13/40

Transformative Projects Leverage & CollaborateNew York Capital Research

Alliance: Leverage Existing Intellectual Capital

& Platforms Biomedical, Nanoscience Increase NIH funding at least 5% Increase other Federal Funding 25% Increase Privately Funded research

10% Total Increased Research Funding:

$120MM $4.5MM State Investment

Partners: Albany Medical Center University at Albany Rensselaer Additional Private & Public

Partners


14/40

Transformative Projects Leverage & CollaborateFood & Agriculture ProductCollaborative Procurement Portal: 3,300 Businesses, $9.9B in Annual Revenue Create Portal: Valuable Tool for 300 Farms

& Food-Related Businesses Pilot to Schools & Health Care Institutions

10% Penetration to Our Schools &Health Care Institutions

$250,000 State Investmentto leverage $11MM per year


15/40

Transformative Projects Open New Doors

Capital Region Access to Solutions Center/Foundation for Success Fund:

Leverage Intellectual Capital & Entrepreneurial Culture

Resource Center to Support All Businesses Business Concierge to Shepherd Business Mentoring, Business Planning, Legal

& Accounting Services, Regulatory Guidance Access to Capital

Fill Funding Gaps for Small Businesses & Start-ups Create a $100 million revolving loan fund to assist at least 1,000 small

businesses and entrepreneurs

$776K State Investment to Leverage > $102MM


16/40

Transformative Projects Showcase OurBeauty & Spotlight Our Assets Enhance Tourism: $2.1 Billion Annually into Regional Economy 3,500 Companies & Employs >15,000

Increase Collaboration Tourism Coalition Cultural Collaborative Media Coalition

Invest in Specific Projects to Increase Tourism $5.5MM State Investment to Leverage $193.5MM

Establish 3 Linked Arts & Cultural Events by 2016 Solid Brand Platform to Increase Tourism by Q1 2012


17/40

Capital Region

Capitalize onDistinctive Strengths

Catalyze Creation of New Industries & ApproachesIncrease Jobs, Prosperity, Quality of Life


18/40

Strategic Plan vs. Stimulus Plan

A strategic plan leads toa long-term ecosystemof growth while astimulus plan creates ashort burst of activity torestart a stagnant, butpreviously wellfunctioning, ecosystem.


19/40

Scoring Criteria


20/40

Our Vision

Locally collaborative.Globally competitive.Economicallyvibrant. adestination of choicefor business,internationalinvestment and world-class talent.


21/40

Rankings

Albany Metro ranks #1 in High Tech Hubs and#5 in Economic Growth Potential ( Business Facilities )

Albany 28 th in concentration of young brainpower( Area Development )

Albany ranks 14 th in Brookings national cleaneconomy study ( Brookings )

University at Albany-SUNY Nanotechnologyundergraduate program identified as top-notch incool and practical fields ( Mother Jones )


22/40

Rankings

Americas Best Places To Raise A Family,Albany-Schenectady-Troy, 9 th (Forbes )

Americas Most Innovative Cities, Albany, 15 th (Forbes )

Best Bang-for-the-Buck Cities, Albany-Schenectady-Troy, 30 th (Forbes )

Best Cities for College Students, Albany, 14th

( American Institute for Economic Research ) Best Places for Relocating Families ( Primacy

Relocation)


23/40

Transformative Initiatives

New York Capital Research Alliance Positioning for Leadership in High Performance Computing High Performance Computing Consortium

Capital Region Access to Solutions ProgramCenter/Foundation for Success Loan Fund Open for Business Consolidation Initiative Foreign Investment

Capital Region Collaborative Procurement Portal Capital Region Access to the World Enhancing Tourism


24/40

Our Process


25/40

Our Process


26/40

Our Process


27/40

Our Strategies

Sectors Leverage &collaborate

Opennew

doors

Preparefor

tomorrow

Build asuper-

highway

Bringcitiesto life

Celebrate &optimize oursurroundings

Showcaseour

beauty

Spotlightour

strengths

Education

Healthcare

Non-Profits

BioTech &Nanotech

Agribusiness

Tourism

SmallBusiness

Manufactur-ing


28/40

Our Strategies

Issues/Opportunities

Broadband

Public/privatepartnershipsWaterways/naturalresources

Agribusiness

Arts, Culture, Tourism

Workforce

Goals

Leverage & collaborate

Open new doors

Prepare for tomorrow

Build a superhighway

Bring cities to life

Celebrate & optimize

our surroundingsShowcase our beauty

Spotlight our strengths

Sample Projects

New York Capital Research Alliance

Capital Region Access to Solutions

Program Center/Foundation forSuccess Loan Fund

HVCC Online WorkforceDevelopment Project

Warren & Washington CountiesBroadband Project

Rensselaer RiverfrontRedevelopment Project

Capital Region CollaborativeProcurement Portal Agribusiness

Destination Windham

Media Coalition


29/40

Our Strategies

Entrepreneurship

Technology

Non-Profits

Waterways

Urban Centers


30/40

Some Desired Outcomes

Leverage & collaborate Open new doors

Leverage consolidation efforts of $50 millionon new investment over five years

Minimum 25% increase in research fundingfrom government entities other than NIH

$100 million revolving loan fund to assistsmall businesses and entrepreneurs withinthe first half of 2012

Finance and provide business developmentsupport to 8-12 agribusinesses via the newlending coalition

Prepare for tomorrow Build a superhighwayGrow STEM jobs by 12% by 2016

Increase internship opportunities by 20% by2016

Restore 10% of underutilized waterfrontproperty over five years

Expand Regional broadband coverage by atleast 10% over the next five years inunderserved areas


31/40

Some Desired Outcomes

Bring cities to life Celebrate & optimize

A test-bed for next-generation devices foruse in urban transportation, energy,communications, and other sectors

Three Regional farm & food trail programswill be created to highlight the local productsand the land that provides them

Showcase our beauty Spotlight our strengths

The vibrancy of storefront space in theCapital Region urban areas will improvenoticeably, targeted at a goal of reducingvacancies in such space by 50%

Bridge collaboration between the Regionshigher-ed programs and institutions

Establish one new linked series of arts/cultural events by the end of 2012

Increase funding for urban revitalizationwithin the Region by 10% by 2016

Develop a solid brand platform to promotethe Capital Region via print, radio, outdoor,Web and TV

Execute two PSA campaigns annually topromote the Region as the first destination inNew York


32/40

Implementation & Operationalizingthe PlanTransformational Projects: 0 36+ months

Planning Funding Execution Creation of Wealth

7

97 7

1

4

6 7

13

6 7

Long-Term

Mid-Term

Near-Term


33/40

Implementation & Operationalizingthe PlanCouncil-Supported Projects: 0 36+ months

Planning Execution Creation of Wealth

4 5 5

4 5 5

4 5 5

Long-Term

Mid-Term

Near-Term


34/40

Implementation


35/40

Leverage Resources


36/40

Leverage Resources

Were more about leveraging peopleand our assets


37/40

Performance Measures


38/40



39/40



40/40


credc web version

Documents