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ESD Quarterly Report: 2nd Quarter of Fiscal Year 2018-19 1

STATUS REPORT: 2ND 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 2nd Quarter of Fiscal Year 2018-19 (July 1 through September 30). During this period, ESD approved 97 awards to 82 companies or organizations for 97 projects totaling $360,711,214 funding commitments. These projects will retain 4,402 jobs, create 916 jobs and leverage $655,748,701 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 EMEBD AIM)- 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.

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.


ECONOMIC DEVELOPMENT PROGRAMS: APPROPRIATION CATEGORIES CONTINUED

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 Fund (“NYPA”) – Funding to support various ESD economic development initiative

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 Regional Blueprint Fund – a one-time appropriation of $120 million enacted in FY 2008-09 to promote

economic development in upstate New York by facilitating the creation and retention of jobs or other economic activity.

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 2nd Quarter of FY 2018-19. Appropriation Commitments

Buffalo Regional Innovation Cluster $31,902,094

Downtown Revitalization Initiative $84,350

Economic Development Initiatives Fund $90,277

Economic Transformation Program $1,500,000

Empire State Economic Development Fund $4,755,000

Federal EMBED AIM 2018 $50,000

Market New York Program $2,266,160

New NY Broadband Program $173,628,083

New York Life Science Initiative Fund $35,200,000

Regional Council Capital Fund $11,822,000

Restore New York Communities Initiative $8,577,000

Upstate Revitalization Initiative $90,730,000

Urban and Community Development Program $106,250

TOTAL $360,711,214


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

Project Name Total Commitment

Buffalo Regional Innovation Cluster

43 North Phase II Buffalo Billions 16-17 $25,000,000

Central Terminal Restoration $5,000,000

Jefferson Avenue Apartments $1,902,094

Subtotal $31,902,094

Downtown Revitalization Initiative

ZenFi Jamaica Duct Downtown Revitalization Capital $84,350

Subtotal $84,350

Economic Development Initiatives Fund (Global NY)

Blasch Export Growth Working Capital $25,000

Motivair Working Capital $16,851

Murphy & Nolan Export Growth Working Capital Global NY $23,426

Visual DX Language Translation Working Capital Global NY $25,000

Subtotal $90,277

Economic Transformation Program

City of Rome Riverwalk Village Capital $1,500,000

Subtotal $1,500,000

Empire State Economic Development Fund

Albany Distilling Capital $60,000

Ambrell Capital $350,000

Cornell Seed Breeding Working Capital $2,000,000

Hudson River Place Capital $100,000

Optimax Systems Capital $250,000

Quality King Capital $675,000

The New York Botanical Garden Capital $100,000

Upstate Niagara Improvements Capital $220,000

White Plains Aviation Partners Capital $1,000,000

Subtotal $4,755,000

Federal-EMBED AIM 2018

Environmental Composites Working Capital $50,000

Subtotal $50,000




Market NY Program

Adventure Travel Trade Association 2019 ELEVATE Conference Working Capital 166,410$

Alix Rice Peace Park (Skatepark) Capital 5,000$

CenterState CEO International Trails Symposium Working Capital 150,000$

Global Tourism Marketing Partnerships Working Capital 300,000$

LUMA Projection Arts Festival Working Capital 71,250$

NYS International Marketing Initiative Working Capital 382,500$

Star Trek Original Series 2018 Weekend Special Events Working Capital 108,400$

Syracuse Jet Facility Capital 810,000$

Tesla Science Center at Wardenclyffe Working Capital 200,000$

Utica Zoo Working Capital 72,600$

Subtotal 2,266,160$

New NY Broadband Program

ATI Phase 3 Area 3 CAF Broadband Capital 19,092,478$

ATI Phase 3 Area 1 Broadband Capital 11,261,414$

Cortland-Chenango FTTH Broadband Capital 12,391,484$

Tompkins FTTH Broadband Capital 1,243,190$

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

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

Edwards Tel NY BB Phase III Broadband Capital 918,387$

Phase 3 CAF GTel Out of Territory Broadband Capital 854,652$

Phase 3 Unserved GTel Out of Territory Broadband Capital 28,109$

Haefele TV Phase 3 CAF Broadband Capital 1,308,193$

Haefele TV Phase 3 Unserved Broadband Capital 1,619,345$

Central Catskills Initiative Broadband Capital 4,877,133$

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

Hughes Network-CAF Broadband Capital 2,329,425$

Phase III Unserved Broadband Capital 3,649,999$

Phase III CAF Broadband Capital 824,126$

Otsego Rural Broadband Phase 3 CAF Broadband Capital 4,298,623$

Otsego Rural Broadband Phase 3 Broadband Capital 1,440,693$

Warren County Broadband Capital 6,139,350$

Nicholville Broadband Capital 1,370,200$

Capital District Broadband Capital 1,015,332$

Slic Network Solutions Broadband Capital B 308,760$

North Country East Broadband Capital 18,492,929$

Clinton County Broadband Capital 1,225,722$

Round 3 MIDTEL Unserved Broadband Capital 2,318,108$

NYSBB CAF-5 Broadband Capital 13,392,965$

Verizon Capital and Mohawk Valley Unserved Broadband Capital 6,045,537$

NYSBB CAF-1 Broadband Capital 15,588,950$

Verizon North County Unserved Broadband Capital 29,691,952$

Subtotal 173,628,083$

NYS Life Science Initiative Fund

ILUM Health Solutions Working Capital 11,200,000$

Regeneron Lyme Disease Research Working Capital 24,000,000$

Subtotal 35,200,000$




Regional Council Capital Fund

Adirondack Medical Center Facility Capital 2,000,000$

Arconic Capital 90,000$

Binghamton Precast & Supply Capital 350,000$

CNY Biotechnology Accelerator Buildout Capital 1,950,000$

Jacobs School of Medicine Simulation Innovation Center Capital RC6 1,000,000$

Jefford's Steel Capital 300,000$

Main Street Partners Theater Capital 150,000$

Midwestern Pet Foods Capital 152,000$

Nathan Littauer Hospital & Nursing Home Capital 370,000$

RDR Industries Capital 60,000$

Rochester Institute of Technology CUE Capital 1,000,000$

Schuyler County Seneca - Capital 550,000$

SCOPED Capital 250,000$

The Park Theater Capital 600,000$

Tuxedo Sloatsburg Corridor Revitalization Capital 3,000,000$


Restore New York Communities Initiative

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

City of Middletown - Middletown Community Campus RESTORE IV 500,000$

City of Oswego - Oswego Harbor Revitalization Restore II 2,500,000$

City of Syracuse – Urban Gateway RESTORE IV 2,000,000$

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

Village of Holley – Holley Gardens RESTORE V 1,000,000$

Village of Malone – River Building Renaissance RESTORE V 988,000$

Village of Waverly - 358 Broad Street RESTORE V 1,000,000$

Subtotal 8,577,000$

Upstate Revitalization Initiative Fund

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

American Packaging 7,700,000$

CenterState CEO URI Working Capital 15,000,000$

Danisco DuPont Capital 1,500,000$

Excell Technology Ventures URI 25,000,000$

Unison Revitalization 4,230,000$

Welch Allyn Capital 6,000,000$

WNY Enterprise Cheese Capital 1,300,000$


Urban and Community Development Program

City of Batavia Health Campus Working Capital 25,000$

City of Geneva Working Capital 20,000$

LESBID - GreenHub Study 20,000$

Livingston County Public Market Strategic Plan 15,000$

Village of Horseheads Working Capital 11,250$

Village of Springville Revitalization Study Working Capital 15,000$

Subtotal 106,250$

Total 360,711,214$


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 2018-19 for funding commitments previously approved by ESD.

Appropriation Disbursements

Buffalo Regional Innovation Cluster $10,190,518

Community Development Financial Institution $496,500

Economic Development Initiatives Program $13,561,666

Economic Development Purposes Fund $13,600

Empire State Economic Development Fund $5,802,601

Entrepreneurial Assistance Program $81,465

JOBS Now Program $4,485,000

Market New York Program $1,210,270

Minority and Women-owned Business and

Development Lending Program $77,699

New NY Broadband Program $14,163,016

New York Works Economic Development Fund $4,129,985

New York Public Authority Fund $2,000,000

NYPA Craft Beverage Marketing Program $456,293

New York Special Infrastructure Account $874,589

New York State Life Science Fund $8,750,000

Regional Council Capital Fund $24,995,411

Restore New York Communities Initiative $94,123

Transformative Economic Development Program $13,800,000

Upstate Regional Blueprint Fund $850,000

Upstate Revitalization Initiative $38,656,157

Urban and Community Development Program $465,000

TOTAL $145,153,903


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


Disbursement

During Q2 2018-2019

Buffalo Regional Innovation Cluster

101 Buffalo Avenue, Niagara Falls 1,124,000$ 15,440$

305 Buffalo Avenue, Niagara Falls 874,000$ 11,500$

Anderson Properties, Niagara Falls 27,005,000$ 500,000$

Buffalo Blueway Capital and Working Capital Buffalo Billions 17-18 10,000,000$ 1,000,000$

Buffalo Investment Development Strategy 2,250,000$ 166,323$

City of Dunkirk Smart Growth Buffalo Billions 17-18 2,500,000$ 1,750,000$

City of North Tonawanda Smart Growth Capital 2,500,000$ 1,750,000$

Graycliff Estate Buffalo Billions 16-17 3,700,000$ 678,014$

Northland Capital 6,700,000$ 228,701$

Northland Corridor Redevelopment and WNY Workforce Training Center Capital 10,300,000$ 3,000,000$

WNY Workforce Training Center EDG Vendor Contract 100,000$ 1,090,540$

Subtotal 67,053,000$ 10,190,518$

Community Development Financial Institution

Accion-CAMBA CDFI 18 135,000$ 67,500$

AEDC CDFI 19 65,000$ 32,500$

BOC CDFI 19 100,000$ 50,000$

Brooklyn Cooperative CDFI 19 80,000$ 40,000$

CODI CDFI 19 60,000$ 30,000$

LESPFCU CDFI 18 80,000$ 40,000$

LESPFCU CDFI 19 75,000$ 37,500$

Pathstone CDFI 19 83,000$ 41,500$

Spring Bank CDFI 19 45,000$ 22,500$

TruFund CDFI 19 85,000$ 42,500$

WEDI CDFI 19 100,000$ 50,000$

WHIDC CDFI 19 85,000$ 42,500$

Subtotal 993,000$ 496,500$

Economic Development Initiatives Fund

APG Neuros Corp. Working Capital 25,000$ 25,000$

Ben Amun Working Capital - Global NY 17,343$ 15,290$

Buffalo Niagara Convention & Visitors Bureau Working Capital 18,359$ 17,293$

Business Attraction & Retention 17-18 34,000,000$ 1,933,660$

Center for Economic Growth Working Capital 13,139$ 11,898$

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

Dutchess Tourism Working Capital 26,932$ 26,932$

EI Electronics Working Capital 13,983$ 13,983$

North Park Innovations Working Capital 25,000$ 25,000$

Sussman Automatic Working Capital 21,355$ 21,355$

Tourism 17-18 30,500,000$ 11,396,255$

Zanderm Working Capital 25,000$ 25,000$

Subtotal 64,736,111$ 13,561,666$

Economic Development Purposes Fund

Advanced Manufacturing Composites Training 136,000$ 13,600$

Subtotal 136,000$ 13,600$




Disbursement

During Q2 2018-2019

Empire State Economic Development Fund

Amsterdam Printing and Litho 2,500,000$ 500,000$

Aurora Machine Capital 100,000$ 75,000$

Central National-Gottesman Capital 245,000$ 245,000$

DRT Power Systems Capital 150,000$ 75,000$

Flexo Transparent LLC Capital 150,000$ 150,000$

GKN Aerospace Monitor MAP Capital 500,000$ 350,000$

Lighthouse Landing Capital 3,500,000$ 1,427,502$

New Avon 600,000$ 300,000$

North Country Sustainable Lodging Study 250,000$ 197,495$

NUAIR Working Capital 600,000$ 1,129$

Polich Tallix Capital 475,000$ 237,500$

Satin Fine Foods Capital 343,975$ 93,975$

The New York Stem Cell Foundation Capital 500,000$ 325,000$

Turbo Machined Products Capital 100,000$ 25,000$

Upstate Niagara Cooperative Kraft Heinz Capital 5,000,000$ 1,800,000$

Subtotal 15,013,975$ 5,802,601$

Entrepreneurial Assistance Program

Queens Corona/Jamaica Entrepreneurial Assistance Program Center 17-18 81,465$ 40,733$

SoBRO Venture Entrepreneurial Assistance Program Center 17-18 81,465$ 40,733$

Subtotal 162,930$ 81,465$

Jobs Now Program

Crown Holdings 6,900,000$ 4,485,000$

Subtotal 6,900,000$ 4,485,000$

Market New York Program

Baseball Hall of Fame Global Marketing Working Capital 131,400$ 131,400$

Canadian Visitation 2016 Working Capital 275,000$ 123,359$

Find It On the Forks Working Capital 206,250$ 93,750$

Greene County Bike Ride Center Working Capital 75,000$ 15,995$

Haunted History Trail 2017 Working Capital 96,000$ 12,927$

LPEC Ironman Working Capital 50,000$ 50,000$

MOST Energy Exhibit Capital I 180,000$ 180,000$

MWPAI Celebrates the Arts of New York Working Capital 110,534$ 106,413$

Niagara Tourism and Convention Working Capital 200,000$ 161,742$

Racing Promotions Working Capital 150,000$ 150,000$

Saranac Snowshoe Federation Championship Working Capital 75,000$ 66,399$

Simpleview Website Working Capital 75,000$ 35,728$

Ski NY Marketing Working Capital 264,000$ 82,557$

Subtotal 1,888,184$ 1,210,270$

Minority and Women-Owned Business Development and Lending Program

New York Surety Bond Technical Assistance and Training 125,000$ 65,699$

Towne, Ryan & Partners Certification Assistance Program Working Capital 75,000$ 12,000$

Subtotal 200,000$ 77,699$




Disbursement

During Q2 2018-2019

New NY Broadband Program

2016 New NY Broadband Program Round 2 MIDTEL 6,831,856$ 603,854$

2017 DCBI Phase 3 MTC Segment Broadband Capital 2,411,126$ 453,420$

Armstrong Telecommunications Broadband Capital 3,930,189$ 177,581$

Armstrong Telephone Broadband Capital 1,778,256$ 329,745$

ATC Phase 2 Broadband Capital 13,204,320$ 546,405$

ATI Phase 2 Area 1 Broadband Capital 15,770,110$ 1,032,795$

ATI Phase 2 Area 2 Broadband Capital 12,236,310$ 70,358$

ATI Phase 2 Area 3 Broadband Capital 6,560,242$ 55,839$

Champlain Unserved New NY Broadband Capital 1,362,901$ 43,077$

Citizens Telephone Company of Hammond Broadband Capital 3,316,810$ 339,031$

Delhi Telephone Company Broadband Capital 3,392,373$ 364,172$

DTC Cable Broadband Capital 4,432,209$ 691,004$

Frontier Capital District Unserved Broadband Capital 318,304$ 47,964$

Frontier Communications of New York Broadband Capital-D 8,109,797$ 596,325$

Frontier Mohawk Valley Unserved Broadband Capital 924,663$ 400,799$

Frontier North Country Underserved Broadband Capital 129,634$ 73,450$

Frontier North Country Unserved Broadband Capital 1,702,246$ 1,062,074$

Frontier Phase 2 Capital Region Underserved Broadband Capital 416,238$ 23,392$

Frontier Phase 2 Central Region Unserved Broadband Capital 6,285,979$ 328,222$

Frontier Phase 2 Finger Lakes Unserved Broadband Capital 2,907,002$ 78,322$

Frontier Phase 2 Mid-Hudson Unserved Broadband Capital 436,504$ 269,466$

Frontier Phase 2 North Country Unserved Broadband Capital 7,304,640$ 128,086$

Hancock Telephone Company Broadband Capital 4,915,920$ 905,987$

Margaretville Telephone Company Broadband Capital 4,791,505$ 1,318,657$

MIDTEL Unserved Broadband Capital 5,562,548$ 431,675$

MTC 2017 Central Catskills Broadband Initiative Capital 1,472,125$ 289,085$

MTC 2017 Lexington Broadband Initiative Capital 2,281,673$ 700,226$

MTC Cable Broadband Upgrade Capital 1,224,946$ 165,657$

MTC Colchester Broadband Upgrade Capital 364,851$ 111,085$

Newport Telephone Unserved Broadband Capital 9,348,940$ 1,300,997$

Oneida County Rural Telephone Company 3,285,885$ 540,052$

Pattersonville Telephone Company Broadband Capital 1,188,748$ 239,096$

State Telephone Underserved Broadband Capital 5,805,600$ 266,761$

State Telephone Unserved Broadband Capital 2,914,960$ 178,357$

Subtotal 146,919,410$ 14,163,016$

New York Works Economic Development Fund

ALCOA Massena Capital 23,000,000$ 1,022,794$

Lake Ontario Business Flood Recovery Grant Program 5,000,000$ 124,642$

Lake Ontario Business Flood Recovery Grant Program (Physical Losses) 6,875,000$ 541,192$

Near Westside Initiative Case 3 Unit Saltmakers Capital 1,000,000$ 1,000,000$

New York Works NYS Welcome Centers Capital 17-18 14,500,000$ 1,436,104$

OATS Working Capital 1,376,469$ 5,253$

Subtotal 51,751,469$ 4,129,985$

New York Public Authority Fund

ALCOA Massena Working Capital 20,600,000$ 2,000,000$

Subtotal 20,600,000$ 2,000,000$




Disbursement

During Q2 2018-2019

NYPA Craft Beverage Program

Glynwood Center 2016 Cider Week Working Capital 99,500$ 95,436$

Hops in NY Working Capital 18,352$ 16,507$

Hudson Valley Hard Cider - Working Capital 95,085$ 74,372$

LIWC Media Campaign Working Capital 142,500$ 71,731$

New York State Wine and Grape Foundation Taste NY Working Capital 95,000$ 95,000$

Step Out Buffalo Working Capital 24,660$ 22,548$

Taste of the Towns Working Capital 187,500$ 80,699$

Subtotal 662,597$ 456,293$

New York Special Infrastructure Account

Bergmann Associates DRI Round 2 300,000$ 141,946$

BFJ Planning DRI Round 2 300,000$ 112,063$

Cameron Engineering & Associates DRI Round 2 300,000$ 42,561$

Elan 3 Consulting Watertown DRI Round 2 300,000$ 68,129$

HKS Architects Hicksville DRI Round 2 300,000$ 71,083$

Stantec Consulting Services DRI Round 2 300,000$ 98,132$

VHB Engineering Kingston DRI Round 2 300,000$ 105,101$

HR&A Advisors DRI Round 2 300,000$ 51,808$

LaBella Associates Batavia DRI Round 2 300,000$ 183,766$

Subtotal 2,700,000$ 874,589$

New York State Life Science Fund

New York Genome Center Life Science Capital 17,000,000$ 7,500,000$

SOSV NY- Life Science Accelerator 25,000,000$ 1,250,000$

Subtotal 42,000,000$ 8,750,000$

Regional Council Capital Fund

Alken Industries Capital 20,000$ 15,000$

Beau Vine Vineyards - Vineyard expansion 370,000$ 277,500$

Bethlehem Steel Redevelopment Capital 500,000$ 500,000$

Bethlehem Steel Redevelopment Capital 2,280,000$ 890,000$

Broadband Extension Project 5,000,000$ 338,558$

Camillus Mills Redevelopment Capital 500,000$ 115,000$

City of Niagara - MicroEnterprise Assistance Capital 100,000$ 50,000$

City of Rochester - Rochester Public Market Phase I Capital 2,000,000$ 2,000,000$

Cornell University Greenhouse Capital 350,000$ 140,000$

Corning Community College Development Foundation Capital 8,000,000$ 696,385$

Efco Capital 80,000$ 80,000$

Equilibrium Brewery Capital 204,000$ 51,000$

Framerica Capital 50,000$ 50,000$

Glens Falls Civic Center Capital 675,000$ 202,500$

Herkimer NYSARC Capital 247,000$ 49,400$

Historic Hudson River Towns Capital 250,000$ 62,500$

Hudson River Housing Poughkeepsie Capital 850,000$ 850,000$

Jamestown Community College - Expansion of Manufacturing Technology 980,000$ 980,000$

Keuka College Business Analytics and Health Information Center Capital 375,000$ 283,135$

LIRR Wyandanch Station Capital 5,700,000$ 4,800,000$

Lockport Ice Arena Capital 1,000,000$ 203,292$

Maehr Industries ADDAPT Capital 41,210$ 41,210$

Medcare Administrators Capital 200,000$ 100,000$

MOST Energy Exhibit Capital I 100,000$ 61,400$




Disbursement

During Q2 2018-2019

Regional Council Capital Fund Continued

nfrastructure Capital 550,000$ 550,000$

Nine Pin Ciderworks Capital 100,000$ 25,000$

North Country Redevelopment Fund 5,000,000$ 1,000,000$

Oneida County Radar Installation 4,000,000$ 4,000,000$

Park South Redevelopment Capital 2,500,000$ 2,500,000$

Peconic Land Trust Capital 1,000,000$ 300,000$

Rapid Response Monitoring Services Capital 1,200,000$ 900,000$

Richfield Commerce Park Capital 150,000$ 150,000$

Smart Grid 3 Capital 2,050,000$ 410,000$

Sportsfield Specialties Capital 900,000$ 225,000$

St. Lawrence County IDA - Newton Falls Railroad phase 2 8,672,000$ 737,971$

The Solar Energy Consortium Capital 1,000,000$ 300,000$

Timberfish LLC Capital 100,000$ 50,000$

Town of Malone Sewer Improvements 72,000$ 16,560$

Trenton Technology 1,000,000$ 300,000$

University at Albany - Biotechnology Training Center 1,000,000$ 400,000$

Upper Susquehanna Regional Agricultural Center Working Capital 150,000$ 150,000$

Wellsville Waterline Capital 144,000$ 144,000$

Subtotal 59,460,210$ 24,995,411$

Restore New York Communities Initiative

Camillus - RESTORE III - Downtown Redevelopment 2,500,000$ 94,123$

Subtotal 2,500,000$ 94,123$

Transformative Economic Development Program

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

Brookhaven National Labs Cryo-EM Capital 15,000,000$ 9,800,000$

Subtotal 30,000,000$ 13,800,000$

Upstate Regional Blueprint Fund

Tonawanda North Youngmann Commerce Center Capital 500,000$ 500,000$

Welch Allyn URB Capital 350,000$ 350,000$

Subtotal 850,000$ 850,000$

Upstate Revitalization Initiative

AIM Photonics Capital URI 187,000,000$ 30,000,000$

Bergmann Associates URI Greater Binghamton Fund 435,600$ 56,500$

Chicone Cabinetmakers Capital 60,680$ 45,510$

City of Auburn Cultural Heritage Center Capital 10,000,000$ 3,000,000$

Cortland Plastics Capital 250,000$ 125,000$

FlexTech Alliance Capital 20,000,000$ 1,064,157$

Gear Motions, Nixon Gear Division Capital 125,000$ 125,000$

Monroe Community College Capital 5,400,000$ 540,000$

NextCorps, Inc. - Photonics Venture Challenge Working Capital 10,000,000$ 2,700,000$

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

Subtotal 243,271,280$ 38,656,167$

Urban and Community Development Program

City of Cortland Main Street Feasibility Study Working Capital 35,000$ 35,000$

Hunts Point Terminal Produce Cooperative Feasibility Study Capital 250,000$ 175,000$

Livingston County Development Corporation Working Capital 25,000$ 25,000$

Military Base Consulting 993,465$ 130,000$

Route 104 Sewer Study Working Capital 25,000$ 50,000$

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

Village of Carthage Wastewater Working Capital 20,000$ 20,000$

Subtotal 1,378,465$ 465,000$

Total 759,176,631$ 145,153,903$


SECTION 2: GEOGRAPHIC DISTRIBUTION OF APPROVED

PROJECTS

Region Approved Projects Total Commitments

Capital 14 Projects $23,274,903

Central 12 Projects $85,526,068

Finger Lakes 14 Projects $49,828,914

Long Island 4 Projects $1,325,000

Mid-Hudson 4 Projects $30,329,425

Mohawk Valley 8 Projects $7,880,916

New York City 4 projects $11,404,350

North Country 14 Projects $77,442,650

Southern Tier 15 Projects $40,260,043

Western New York 8 Projects $33,438,945

TOTAL 97 Projects $360,711,214


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

Project Name Total Commitment County

Capital Region

Adventure Travel Trade Association 2019 ELEVATE Conference Working Capital $166,410 Warren

Albany Distilling Capital $60,000 Albany

Blasch Export Growth Working Capital $25,000 Albany

Capital District Broadband Capital $1,015,332 St. Lawrence

Central Catskills Initiative Broadband Capital $4,877,133 Greene

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

Hudson River Place Capital $100,000 Rensselaer

Phase 3 CAF GTel Out of Territory Broadband Capital $854,652 Columbia

Phase 3 Unserved GTel Out of Territory Broadband Capital $28,109 Columbia

Phase III CAF Broadband Capital $824,126 Greene

Phase III Unserved Broadband Capital $3,649,999 Columbia

Round 3 MIDTEL Unserved Broadband Capital $2,318,108 Albany

The Park Theater Capital $600,000 Warren

Verizon Capital and Mohawk Valley Unserved Broadband Capital $6,045,537 Schenectady


Central Region

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

CenterState CEO International Trails Symposium Working Capital $150,000 Onondaga

CenterState CEO URI Working Capital $15,000,000 Onondaga

City of Oswego - Oswego Harbor Revitalization Restore II $2,500,000 Oswego

City of Syracuse – Urban Gateway RESTORE IV $2,000,000 Onondaga

CNY Biotechnology Accelerator Buildout Capital $1,950,000 Onondaga

Cortland-Chenango FTTH Broadband Capital $12,391,484 Cortland

Haefele TV Phase 3 CAF Broadband Capital $1,308,193 Cortland

Murphy & Nolan Export Growth Working Capital Global NY $23,426 Onondaga

NYSBB CAF-5 Broadband Capital $13,392,965 Oswego

Syracuse Jet Facility Capital $810,000 Onondaga

Welch Allyn Capital $6,000,000 Onondaga


Finger Lakes Region

Ambrell Capital $350,000 Monroe

American Packaging $7,700,000 Monroe

ATI Phase 3 Area 1 Broadband Capital $11,261,414 Livingston

City of Batavia Health Campus Working Capital $25,000 Genesee

City of Geneva Working Capital $20,000 Ontario

Danisco DuPont Capital $1,500,000 Monroe

Excell Technology Ventures URI $25,000,000 Monroe

Livingston County Public Market Strategic Plan $15,000 Livingston

NYS International Marketing Initiative Working Capital $382,500 Monroe

Optimax Systems Capital $250,000 Monroe

Rochester Institute of Technology CUE Capital $1,000,000 Monroe

Village of Holley – Holley Gardens RESTORE V $1,000,000 Orleans

Visual DX Language Translation Working Capital Global NY $25,000 Monroe

WNY Enterprise Cheese Capital $1,300,000 Genesee





Long Island Region

Global Tourism Marketing Partnerships Working Capital $300,000 Suffolk

Main Street Partners Theater Capital $150,000 Suffolk

Quality King Capital $675,000 Suffolk

Tesla Science Center at Wardenclyffe Working Capital $200,000 Suffolk

Subtotal $1,325,000

Mid-Hudson Region

Hughes Network-CAF Broadband Capital $2,329,425 Sullivan County

Regeneron Lyme Disease Research Working Capital $24,000,000 Westchester

Tuxedo Sloatsburg Corridor Revitalization Capital $3,000,000 Orange

White Plains Aviation Partners Capital $1,000,000 Westchester


Mohawk Valley Region

City of Rome Riverwalk Village Capital $1,500,000 Oneida

Environmental Composites Working Capital $50,000 Oneida

Nathan Littauer Hospital & Nursing Home Capital $370,000 Fulton

Otsego Rural Broadband Phase 3 Broadband Capital $1,440,693 Otsego

Otsego Rural Broadband Phase 3 CAF Broadband Capital $4,298,623 Otsego

RDR Industries Capital $60,000 Herkimer

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

Utica Zoo Working Capital $72,600 Herkimer

Subtotal $7,880,916

New York City Region

ILUM Health Solutions Working Capital $11,200,000 New York

LESBID - GreenHub Study $20,000 New York

The New York Botanical Garden Capital $100,000 Bronx

ZenFi Jamaica Duct Downtown Revitalization Capital $84,350 Queens


North Country Region

Adirondack Medical Center Facility Capital $2,000,000 Essex

Arconic Capital $90,000 St. Lawrence

Clinton County Broadband Capital $1,225,722 St. Lawrence

Edwards Tel NY BB Phase III Broadband Capital $918,387 St. Lawrence

Jefford's Steel Capital $300,000 St. Lawrence

Nicholville Broadband Capital $1,370,200 St. Lawrence

North Country East Broadband Capital $18,492,929 Clinton

NYSBB CAF-1 Broadband Capital $15,588,950 St. Lawrence

Slic Network Solutions Broadband Capital B $308,760 St. Lawrence

Star Trek Original Series 2018 Weekend Special Events Working Capital $108,400 Essex

Upstate Niagara Improvements Capital $220,000 St. Lawrence

Verizon North County Unserved Broadband Capital $29,691,952 Clinton

Village of Malone – River Building Renaissance RESTORE V $988,000 Franklin

Warren County Broadband Capital $6,139,350 Hamilton





Southern Tier Region

ATI Phase 3 Area 3 CAF Broadband Capital $19,092,478 Steuben

Binghamton Precast & Supply Capital $350,000 Broome

City of Middletown - Middletown Community Campus RESTORE IV $500,000 Delaware

Cornell Seed Breeding Working Capital $2,000,000 Tompkins

DCBI Phase IV CAF Broadband Capital $3,861,077 Chenango

DCBI Phase IV Non-Caf Broadband Capital $5,329,453 Chenango

Haefele TV Phase 3 Unserved Broadband Capital $1,619,345 Schuyler

LUMA Projection Arts Festival Working Capital $71,250 Broome

Midwestern Pet Foods Capital $152,000 Chemung

Schuyler County Seneca - Capital $550,000 Schuyler

SCOPED Capital $250,000 Schuyler

Tompkins FTTH Broadband Capital $1,243,190 Tompkins

Unison Revitalization $4,230,000 Chenango

Village of Horseheads Working Capital $11,250 Chemung

Village of Waverly - 358 Broad Street RESTORE V $1,000,000 Tioga


Western New York Region

43 North Phase II Buffalo Billions 16-17 $25,000,000 Erie

Alix Rice Peace Park (Skatepark) Capital $5,000 Erie

Central Terminal Restoration $5,000,000 Erie

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

Jacobs School of Medicine Simulation Innovation Center Capital RC6 $1,000,000 Erie

Jefferson Avenue Apartments $1,902,094 Erie

Motivair Working Capital $16,851 Erie

Village of Springville Revitalization Study Working Capital $15,000 Cattaraugus


Total $360,711,214


SECTION 3: JOB CREATION AND RETENTION

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

Capital 13 14 14 22 36 Central 12 884 884 109 993 Finger Lakes 14 562 562 369 931 Long Island 4 866 866 49 915 Mid-Hudson 4 51 51 111 162 Mohawk Valley 8 801 801 25 826 New York City 4 435 435 119 554 North Country 15 302 302 12 314 Southern Tier 15 487 487 100 587 Western New York 8 0 0 0 0 Total 97 4,402 4,402 916 5,318

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

Adventure Travel Trade Association 2019 ELEVATE Conference Working Capital $166,410 0 0 0 0

Albany Distilling Capital $60,000 0 0 8 8

Blasch Export Growth Working Capital $25,000 0 0 0 0

Central Catskills Initiative Broadband Capital $4,877,133 0 0 0 0

Connecting the Capital District Phase 3 (Unserved) Broadband Capital 9-7467 $2,710,497 0 0 0 0

Hudson River Place Capital $100,000 14 14 14 28

Phase 3 CAF GTel Out of Territory Broadband Capital $854,652 0 0 0 0

Phase 3 Unserved GTel Out of Territory Broadband Capital $28,109 0 0 0 0

Phase III CAF Broadband Capital $824,126 0 0 0 0

Phase III Unserved Broadband Capital $3,649,999 0 0 0 0

Round 3 MIDTEL Unserved Broadband Capital $2,318,108 0 0 0 0

The Park Theater Capital $600,000 0 0 0 0

Verizon Capital and Mohawk Valley Unserved Broadband Capital $6,045,537 0 0 0 0

Subtotal $22,259,571 14 14 22 36

Central Region

Alliance for Economic Inclusion Fund Capital and Working Capital $30,000,000 0 0 0 0

CenterState CEO International Trails Symposium Working Capital $150,000 0 0 0 0

CenterState CEO URI Working Capital $15,000,000 0 0 0 0

City of Oswego - Oswego Harbor Revitalization Restore II $2,500,000 0 0 0 0

City of Syracuse – Urban Gateway RESTORE IV $2,000,000 0 0 0 0

CNY Biotechnology Accelerator Buildout Capital $1,950,000 0 0 0 0

Cortland-Chenango FTTH Broadband Capital $12,391,484 0 0 0 0

Haefele TV Phase 3 CAF Broadband Capital $1,308,193 0 0 0 0

Murphy & Nolan Export Growth Working Capital Global NY $23,426 0 0 0 0

NYSBB CAF-5 Broadband Capital $13,392,965 0 0 0 0

Syracuse Jet Facility Capital $810,000 0 0 0 0

Welch Allyn Capital $6,000,000 884 884 109 993

Subtotal $85,526,068 884 884 109 993

Finger Lakes Region

Ambrell Capital $350,000 65 65 9 74

American Packaging $7,700,000 170 170 262 432

ATI Phase 3 Area 1 Broadband Capital $11,261,414 0 0 0 0

City of Batavia Health Campus Working Capital $25,000 0 0 0 0

City of Geneva Working Capital $20,000 0 0 0 0

Danisco DuPont Capital $1,500,000 56 56 48 104

Excell Technology Ventures URI $25,000,000 0 0 0 0

Livingston County Public Market Strategic Plan $15,000 0 0 0 0

NYS International Marketing Initiative Working Capital $382,500 0 0 0 0

Optimax Systems Capital $250,000 271 271 20 291

Rochester Institute of Technology CUE Capital $1,000,000 0 0 0 0

Village of Holley – Holley Gardens RESTORE V $1,000,000 0 0 0 0

Visual DX Language Translation Working Capital Global NY $25,000 0 0 0 0

WNY Enterprise Cheese Capital $1,300,000 0 0 30 30

Subtotal $49,828,914 562 562 369 931

Long Island Region

Global Tourism Marketing Partnerships Working Capital $300,000 0 0 0 0

Main Street Partners Theater Capital $150,000 0 0 0 0

Quality King Capital $675,000 866 866 47 913

Tesla Science Center at Wardenclyffe Working Capital $200,000 0 0 2 2

Subtotal $1,325,000 866 866 49 915

Mid-Hudson Region

Hughes Network-CAF Broadband Capital $2,329,425 0 0 0 0

Regeneron Lyme Disease Research Working Capital $24,000,000 0 0 0 0

Tuxedo Sloatsburg Corridor Revitalization Capital $3,000,000 24 24 84 108

White Plains Aviation Partners Capital $1,000,000 27 27 27 54

Subtotal $30,329,425 51 51 111 162

Mohawk Valley Region

City of Rome Riverwalk Village Capital $1,500,000 0 0 0 0

Environmental Composites Working Capital $50,000 0 0 0 0

Nathan Littauer Hospital & Nursing Home Capital $370,000 786 786 23 809

Otsego Rural Broadband Phase 3 Broadband Capital $1,440,693 0 0 0 0

Otsego Rural Broadband Phase 3 CAF Broadband Capital $4,298,623 0 0 0 0

RDR Industries Capital $60,000 15 15 2 17

Village of Sharon Springs - Comfort House RESTORE IV $89,000 0 0 0 0

Utica Zoo Working Capital $72,600 0 0 0 0

Subtotal $7,880,916 801 801 25 826


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

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

New York City Region

ILUM Health Solutions Working Capital $11,200,000 0 0 115 115

LESBID - GreenHub Study $20,000 0 0 0 0

The New York Botanical Garden Capital $100,000 435 435 4 439

ZenFi Jamaica Duct Downtown Revitalization Capital $84,350 0 0 0 0

Subtotal $11,404,350 435 435 119 554

North Country Region

Adirondack Medical Center Facility Capital $2,000,000 65 65 2 67

Arconic Capital $90,000 145 145 0 145

Capital District Broadband Capital $1,015,332 0 0 0 0

Clinton County Broadband Capital $1,225,722 0 0 0 0

Edwards Tel NY BB Phase III Broadband Capital $918,387 0 0 0 0

Jefford's Steel Capital $300,000 24 24 10 34

Nicholville Broadband Capital $1,370,200 0 0 0 0

North Country East Broadband Capital $18,492,929 0 0 0 0

NYSBB CAF-1 Broadband Capital $15,588,950 0 0 0 0

Slic Network Solutions Broadband Capital B $308,760 0 0 0 0

Star Trek Original Series 2018 Weekend Special Events Working Capital $108,400 0 0 0 0

Upstate Niagara Improvements Capital $220,000 68 68 0 68

Verizon North County Unserved Broadband Capital $29,691,952 0 0 0 0

Village of Malone – River Building Renaissance RESTORE V $988,000 0 0 0 0

Warren County Broadband Capital $6,139,350 0 0 0 0

Subtotal $78,457,982 302 302 12 314

Southern Tier Region

ATI Phase 3 Area 3 CAF Broadband Capital $19,092,478 0 0 0 0

Binghamton Precast & Supply Capital $350,000 78 78 20 98

City of Middletown - Middletown Community Campus RESTORE IV $500,000 0 0 0 0

Cornell Seed Breeding Working Capital $2,000,000 0 0 0 0

DCBI Phase IV CAF Broadband Capital $3,861,077 0 0 0 0

DCBI Phase IV Non-Caf Broadband Capital $5,329,453 0 0 0 0

Haefele TV Phase 3 Unserved Broadband Capital $1,619,345 0 0 0 0

LUMA Projection Arts Festival Working Capital $71,250 0 0 0 0

Midwestern Pet Foods Capital $152,000 47 47 0 47

Schuyler County Seneca - Capital $550,000 0 0 0 0

SCOPED Capital $250,000 0 0 4 4

Tompkins FTTH Broadband Capital $1,243,190 0 0 0 0

Unison Revitalization $4,230,000 362 362 76 438

Village of Horseheads Working Capital $11,250 0 0 0 0

Village of Waverly - 358 Broad Street RESTORE V $1,000,000 0 0 0 0

Subtotal $40,260,043 487 487 100 587

Western New York Region

43 North Phase II Buffalo Billions 16-17 $25,000,000 0 0 0 0

Alix Rice Peace Park (Skatepark) Capital $5,000 0 0 0 0

Central Terminal Restoration $5,000,000 0 0 0 0

City of Lockport- Tuscarora Club RESTORE IV $500,000 0 0 0 0

Jacobs School of Medicine Simulation Innovation Center Capital RC6 $1,000,000 0 0 0 0

Jefferson Avenue Apartments $1,902,094 0 0 0 0

Motivair Working Capital $16,851 0 0 0 0

Village of Springville Revitalization Study Working Capital $15,000 0 0 0 0

Subtotal $33,438,945 0 0 0 0

Total $360,711,214 4,402 4,402 916 5,318


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 82 recipients of funding approved by ESD in the 2nd Quarter of Fiscal Year 2018-19, 17 recipients (21%) were located in distressed communities. Of these 82 recipients,

12 (15% of total funding recipients) were located in a distressed rural community 5 (6% of total funding recipients) were located in distressed urban communities

Small- and Medium-sized Businesses Of the 110 recipients of funding approved by ESD in the 2nd Quarter of Fiscal Year 2018-19, 22 (20%) were small or medium-sized businesses or organizations.

Strategic Industries Of the 110 projects approved by ESD in the 2nd Quarter of Fiscal Year 2018-19, the following industries were represented:

Industry Percentage of Total Funding # of Project(s)

Arts Culture & Entertainment <1% 5

Broadband 48% 30

Education <1% 2

Food & Beverage Manufacturing/Distribution <1% 3

Health <1% 4

Machinery & Miscellaneous Manufacturing 6% 14

Municipal /Government/Not-For-Profit 25% 27 Real Estate Development 1.2% 4 Technology/Scientific Research & Development 18% 5 Tourism/Hospitality <1% 3

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). Projects located in an Empire Zone, a Federally-designated Enterprise Community or a Federally-designated Empowerment Zone are also included. “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 Rural and Urban Communities: Project List (p. 1)

Project Name Benefit Cost

Rural

Arconic Capital

Capital District Broadband Capital N/A N/A

Clinton County Broadband Capital N/A N/A

Edwards Tel NY BB Phase III Broadband Capital N/A N/A

Jefford's Steel Capital $273,010 $300,000

Nicholville Broadband Capital N/A N/A

NYSBB CAF-1 Broadband Capital N/A N/A


Slic Network Solutions Broadband Capital B N/A N/A

Upstate Niagara Improvements Capital $2,162,052 $220,000

Village of Holley – Holley Gardens RESTORE V N/A N/A

Village of Springville Revitalization Study Working Capital N/A N/A

Subtotal $2,435,062 $520,000

Urban

Binghamton Precast & Supply Capital N/A N/A

City of Lockport- Tuscarora Club RESTORE IV N/A N/A

City of Oswego - Oswego Harbor Revitalization Restore II N/A N/A

LUMA Projection Arts Festival Working Capital N/A N/A

The New York Botanical Garden Capital $704,192 $100,000

Subtotal $704,192 $100,000

Total $3,139,254 $620,000


Small and Medium-Sized Business: Project List


Albany Distilling Capital $613,150 $60,000

Binghamton Precast & Supply Capital $520,535 $350,000

Blasch Export Growth Working Capital N/A N/A

Hudson River Place Capital $836,589 $100,000

ILUM Health Solutions Working Capital $6,744,403 $11,200,000

Jefferson Avenue Apartments N/A N/A



Main Street Partners Theater Capital $65,112 $150,000

Murphy & Nolan Export Growth Working Capital Global NY N/A N/A

RDR Industries Capital N/A N/A

Star Trek Original Series 2018 Weekend Special Events Working Capital N/A N/A

Tesla Science Center at Wardenclyffe Working Capital $203,228 $700,000

Tuxedo Sloatsburg Corridor Revitalization Capital N/A N/A

Utica Zoo Working Capital N/A N/A

WNY Enterprise Cheese Capital $2,193,768 $1,790,190Total $11,449,795 $14,650,190


Strategic Industries: Project List (p. 1)


Arts/Culture/Entertainment



Star Trek Original Series 2018 Weekend Special Events Working Capital N/A N/A


Utica Zoo Working Capital N/A N/A

Subtotal $273,340 $850,000

Broadband

ATI Phase 3 Area 1 Broadband Capital N/A N/A

ATI Phase 3 Area 3 CAF Broadband Capital N/A N/A

Capital District Broadband Capital N/A N/A

Central Catskills Initiative Broadband Capital N/A N/A

Clinton County Broadband Capital N/A N/A

Connecting the Capital District Phase 3 (Unserved) Broadband Capital 9-7467 N/A N/A

Cortland-Chenango FTTH Broadband Capital N/A N/A

DCBI Phase IV CAF Broadband Capital N/A N/A

DCBI Phase IV Non-Caf Broadband Capital N/A N/A

Edwards Tel NY BB Phase III Broadband Capital N/A N/A

Haefele TV Phase 3 CAF Broadband Capital N/A N/A

Haefele TV Phase 3 Unserved Broadband Capital N/A N/A

Hughes Network-CAF Broadband Capital N/A N/A

Nicholville Broadband Capital N/A N/A

North Country East Broadband Capital N/A N/A



Otsego Rural Broadband Phase 3 Broadband Capital N/A N/A

Otsego Rural Broadband Phase 3 CAF Broadband Capital N/A N/A

Phase 3 CAF GTel Out of Territory Broadband Capital N/A N/A

Phase 3 Unserved GTel Out of Territory Broadband Capital N/A N/A

Phase III CAF Broadband Capital N/A N/A

Phase III Unserved Broadband Capital N/A N/A

Round 3 MIDTEL Unserved Broadband Capital N/A N/A

Slic Network Solutions Broadband Capital B N/A N/A

Tompkins FTTH Broadband Capital N/A N/A

Verizon Capital and Mohawk Valley Unserved Broadband Capital N/A N/A

Verizon North County Unserved Broadband Capital N/A N/A

Warren County Broadband Capital N/A N/A

ZenFi Jamaica Duct Downtown Revitalization Capital N/A N/A

Subtotal $0 $0

Education

Cornell Seed Breeding Working Capital N/A N/A

Jacobs School of Medicine Simulation Innovation Center Capital RC6 N/A N/A

Subtotal $0 $0

Food & Beverage Manufacturing/Distribution


Midwestern Pet Foods Capital $499,560 $152,000

WNY Enterprise Cheese Capital $2,193,768 $1,790,190

Subtotal $3,306,478 $2,002,190




Health

Adirondack Medical Center Facility Capital $927,237 $2,000,000

Nathan Littauer Hospital & Nursing Home Capital $1,172,857 $370,000

Optimax Systems Capital $593,496 $250,000

Visual DX Language Translation Working Capital Global NY N/A N/A

Subtotal $2,693,590 $2,620,000

Machinery & Miscellaneous Manufacturing

Ambrell Capital $3,580,954 $585,264

American Packaging $17,600,190 $12,731,717

Arconic Capital N/A N/A


Blasch Export Growth Working Capital N/A N/A

Danisco DuPont Capital $5,588,399 $1,500,000

Environmental Composites Working Capital N/A N/A


Motivair Working Capital N/A N/A

Murphy & Nolan Export Growth Working Capital Global NY N/A N/A

Quality King Capital $21,561,197 $675,000

RDR Industries Capital N/A N/A

Unison Revitalization $4,544,407 $4,230,000

Welch Allyn Capital $25,762,637 $10,183,985

Subtotal $79,431,329 $30,555,966

Municipal /Government/Not-For-Profit

43 North Phase II Buffalo Billions 16-17 N/A N/A

Adventure Travel Trade Association 2019 ELEVATE Conference Working Capital N/A N/A

Alix Rice Peace Park (Skatepark) Capital N/A N/A

Alliance for Economic Inclusion Fund Capital and Working Capital N/A N/A

CenterState CEO International Trails Symposium Working Capital N/A N/A

CenterState CEO URI Working Capital N/A N/A

Central Terminal Restoration N/A N/A

City of Batavia Health Campus Working Capital N/A N/A

City of Geneva Working Capital N/A N/A

City of Lockport- Tuscarora Club RESTORE IV N/A N/A

City of Middletown - Middletown Community Campus RESTORE IV N/A N/A

City of Oswego - Oswego Harbor Revitalization Restore II N/A N/A

City of Rome Riverwalk Village Capital N/A N/A

City of Syracuse – Urban Gateway RESTORE IV N/A N/A

Jefferson Avenue Apartments N/A N/A

LESBID - GreenHub Study N/A N/A

Livingston County Public Market Strategic Plan N/A N/A

RESTORE IV Village of Sharon Springs - Comfort House N/A N/A

Schuyler County Seneca - Capital N/A N/A

SCOPED Capital N/A N/A



Village of Holley – Holley Gardens RESTORE V N/A N/A

Village of Horseheads Working Capital N/A N/A

Village of Malone – River Building Renaissance RESTORE V N/A N/A

Village of Springville Revitalization Study Working Capital N/A N/A

Village of Waverly - 358 Broad Street RESTORE V N/A N/A

Subtotal $2,866,244 $320,000




Real Estate Development/Holding


Syracuse Jet Facility Capital N/A N/A

The Park Theater Capital N/A N/A

Tuxedo Sloatsburg Corridor Revitalization Capital N/A N/A

Subtotal $836,589 $100,000

Technology/Scientific Research & Development

CNY Biotechnology Accelerator Buildout Capital N/A N/A

Excell Technology Ventures URI N/A N/A


Regeneron Lyme Disease Research Working Capital N/A N/A

Rochester Institute of Technology CUE Capital N/A N/A

Subtotal $6,744,403 $11,200,000

Tourism & Hospitality

Global Tourism Marketing Partnerships Working Capital N/A N/A

NYS International Marketing Initiative Working Capital N/A N/A

White Plains Aviation Partners Capital $3,263,214 $1,000,000

Subtotal $3,263,214 $1,000,000

Total $99,415,187 $48,648,156


APPENDIX: FISCAL BENEFIT TO COST EVALUATIONS

Where impact was quantifiable, the projects that were analyzed yield an overall Fiscal Benefit to Cost ratio of 2.13. 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 $2.13.

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.

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

evaluation.


Adirondack Medical Center Facility Capital $927,237 $2,000,000


Ambrell Capital $3,580,954 $585,264

American Packaging $17,600,190 $12,731,717


Danisco DuPont Capital $5,588,399 $1,500,000





Midwestern Pet Foods Capital $499,560 $152,000

Nathan Littauer Hospital & Nursing Home Capital $1,172,857 $370,000

Optimax Systems Capital $593,496 $250,000

Quality King Capital $21,561,197 $675,000



Unison Revitalization $4,544,407 $4,230,000


Welch Allyn Capital $25,762,637 $10,183,985

White Plains Aviation Partners Capital $3,263,214 $1,000,000

WNY Enterprise Cheese Capital $2,193,768 $1,790,190

Total $99,415,187 $48,648,156

Project Summary Benefit-Cost Evaluation1

Adirondack Medical 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: 65 Construction Job Years (Direct): 144 New Jobs: 2 over one year Construction Job Years (Indirect): 72

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

Government Benchmarks

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

Fiscal Benefits4 $972,237 $2,085,600 $1,701,456 $4,271,980

Fiscal Cost /Direct Job $1,333,333 $3,000 $1,333,333 $4,110

Fiscal Cost/Total Jobs $838,066 $1,424 $838,066 $1,964

Fiscal B/C Ratio 0.49 7.00 0.85 10.60

Project Benchmarks

Results

Economic Benefits5 $12,111,901 $119,468,000

Econ. Benefits/Total Jobs $5,075,289 $147,600

Economic B/C Ratio 6.06 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.

The Albany Distilling Company, Inc. Evaluated over a seven-year period, project fiscal benefits to New York State government are expected to be $613,150, which exceed the cost to the State.


Ambrell Corporation – Business Investment


Initial Jobs: 65 Construction Job Years (Direct): 12 New Jobs: 9 over three years Construction Job Years (Indirect): 7



Fiscal Costs8 $585,264 $794,250 $585,264 $1,020,500

Fiscal Benefits9 $3,580,954 $2,085,600 $6,213,557 $4,271,980

Fiscal Cost /Direct Job $10,460 $3,000 $10,460 $4,110


Fiscal B/C Ratio 6.12 7.00 10.62 10.60

Project Benchmarks

Results

Economic Benefits10

$47,787,920 $119,468,000

Econ. Benefits/Total Jobs $376,502 $147,600


6 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. 7 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). 8 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). 9 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. 10

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

Benefit-Cost Evaluation11

American Packaging Corporation – Business Investment


Initial Jobs: 170 Construction Job Years (Direct): 150 New Jobs: 262 over five years Construction Job Years (Indirect): 94



Fiscal Costs13

$12,731,717 $794,250 $12,731,717 $1,020,500

Fiscal Benefits14

$17,600,190 $2,085,600 $30,671,729 $4,271,980



Fiscal B/C Ratio 1.38 7.00 2.41 10.60

Project Benchmarks

Results

Economic Benefits15

$234,497,530 $119,468,000



11

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. 12

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). 13

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). 14

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. 15



Binghamton Precast & Supply Corporation – Business Investment


Initial Jobs: 78 Construction Job Years (Direct): 24 New Jobs: 20 over four years Construction Job Years (Indirect): 9



Fiscal Costs18

$350,000 $794,250 $350,000 $1,020,500

Fiscal Benefits19

$520,535 $2,085,600 $860,334 $4,271,980



Fiscal B/C Ratio 1.49 7.00 2.46 10.60

Project Benchmarks

Results

Economic Benefits20

$6,627,472 $119,468,000



16






Project Summary


Danisco USA Inc. – Business Investment





Fiscal Costs23

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

Fiscal Benefits24

$5,588,399 $2,085,600 $9,676,604 $4,271,980



Fiscal B/C Ratio 3.73 7.00 6.45 10.60

Project Benchmarks

Results

Economic Benefits25

$73,241,307 $119,468,000



21







Friends of Science East, Inc. – Business Investment


Initial Jobs: 0 Construction Job Years (Direct): 19 New Jobs: 2 Construction Job Years (Indirect): 13



Fiscal Costs28

$700,000 $794,250 $700,000 $1,020,500

Fiscal Benefits29

$203,228 $2,085,600 $382,921 $4,271,980



Fiscal B/C Ratio 0.29 7.00 0.55 10.60

Project Benchmarks

Results

Economic Benefits30

$2,710,440 $119,468,000



26






Hudson River Place, LLC Evaluated over a seven-year period, project fiscal benefits to New York State government are expected to be $836,589, which exceed the cost to the State.


ILÚM Health Solutions, LLC – Business Investment


Initial Jobs: 0 Construction Job Years (Direct): 0 New Jobs: 115 in five years Construction Job Years (Indirect): 0



Fiscal Costs33

$11,200,000 $794,250 $11,200,000 $1,020,500

Fiscal Benefits34

$6,744,403 $2,085,600 $11,736,222 $4,271,980



Fiscal B/C Ratio 0.60 7.00 1.05 10.60

Project Benchmarks

Results

Economic Benefits35

$89,456,238 $119,468,000



31






Project Summary


Jeffords Steel and Engineering Company Inc. – Business Investment


Initial Jobs: 24 Construction Job Years (Direct): 7 New Jobs: 10 over two years Construction Job Years (Indirect): 4



Fiscal Costs38

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

Fiscal Benefits39

$273,010 $2,085,600 $459,913 $4,271,980



Fiscal B/C Ratio 0.91 7.00 1.53 10.60

Project Benchmarks

Results

Economic Benefits40

$3,513,425 $119,468,000



36






Main Street Partners, LLC Evaluated over a seven-year period, project fiscal benefits to New York State government are expected to be $65,112, which does not exceed the cost to the State.

Midwestern Pet Foods, Inc. Evaluated over a seven-year period, project fiscal benefits to New York State government are expected to be $499,560, which exceed the cost to the State.


Nathan Littauer Hospital & Nursing Home, Inc. – Business Investment


Initial Jobs: 786 Construction Job Years (Direct): 35 New Jobs: 23 in year one Construction Job Years (Indirect): 16



Fiscal Costs43

$370,000 $794,250 $370,000 $1,020,500

Fiscal Benefits44

$1,172,857 $2,085,600 $1,971,153 $4,271,980



Fiscal B/C Ratio 3.17 7.00 5.33 10.60

Project Benchmarks

Results

Economic Benefits45

$15,232,331 $119,468,000



41






The New York Botanical Garden Evaluated over a seven-year period, project fiscal benefits to New York State government are expected to be $704,192, which exceed the cost to the State.

Optimax Systems, Inc. Evaluated over a seven-year period, project fiscal benefits to New York State government are expected to be $593,496, which exceed the cost to the State.


Quality King Distributors, Inc. – Business Investment





Fiscal Costs48

$675,000 $794,250 $675,000 $1,020,500

Fiscal Benefits49

$21,561,197 $2,085,600 $41,143,556 $4,271,980


Fiscal Cost/Total Jobs $524 $1,424 $524 $1,964

Fiscal B/C Ratio 31.94 7.00 60.95 10.60

Project Benchmarks

Results

Economic Benefits50

$289,453,360 $119,468,000



46







Unison Industries, LLC – Business Investment





Fiscal Costs53

$4,230,000 $794,250 $4,230,000 $1,020,500

Fiscal Benefits54

$4,544,407 $2,085,600 $7,709,403 $4,271,980



Fiscal B/C Ratio 1.07 7.00 1.82 10.60

Project Benchmarks

Results

Economic Benefits55

$59,955,739 $119,468,000



51






Upstate Niagara Cooperative Inc. Evaluated over a seven-year period, project fiscal benefits to New York State government are expected to be $2,162,052, which exceed the cost to the State.


Welch Allyn, Inc. – Business Investment





Fiscal Costs58

$10,183,985 $794,250 $10,183,985 $1,020,500

Fiscal Benefits59

$25,762,637 $2,085,600 $44,926,078 $4,271,980



Fiscal B/C Ratio 2.53 7.00 4.41 10.60

Project Benchmarks

Results

Economic Benefits60

$342,644,969 $119,468,000



56







White Plains Aviation Partners, 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: 27 Construction Job Years (Direct): 343 New Jobs: 27 over four years Construction Job Years (Indirect): 172



Fiscal Costs63

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

Fiscal Benefits64

$3,263,214 $2,085,600 $6,013,867 $4,271,980



Fiscal B/C Ratio 3.26 7.00 6.01 10.60

Project Benchmarks

Results

Economic Benefits65

$43,555,627 $119,468,000



61







WNY Cheese Enterprise, LLC – Business Investment





Fiscal Costs68

$1,790,190 $794,250 $1,790,190 $1,020,500

Fiscal Benefits69

$2,193,768 $2,085,600 $3,818,761 $4,271,980



Fiscal B/C Ratio 1.23 7.00 2.13 10.60

Project Benchmarks

Results

Economic Benefits70

$28,942,434 $119,468,000



66






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