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2017 PROGRESS REPORT • CAPITAL REGION ECONOMIC DEVELOPMENT COUNCIL 1 Strategic Plan

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2017 PROGRESS REPORT • CAPITAL REGION ECONOMIC DEVELOPMENT COUNCIL 1 Strategic Plan Capital Region Regional Co-Chairs James J. Barba President & CEO, Albany Medical Center table of contents James Stellar a message from the capital Provost and Senior Vice President for Academic Affairs, University at Albany region regional co-chairs Capital Region Representatives Robert Blackman 01 MESSAGE FROM THE CREDC CO-CHAIRS Vice President, Realty USA Dennis Brobston Saratoga Economic Development Corporation The City of Hudson, our 2017 Downtown Revitalization 02 EXECUTIVE SUMMARY Everywhere you go across our eight David Brown Initiative (DRI) winner, represents our region’s vibrant President and CEO, Capital District YMCA counties, you can feel a new level 03 STRATEGIC PLAN and diverse economy. Within the boundaries of the David Buicko of confidence and excitement about President and CEO, Galesi Group DRI zone, arts and culture blend with traditional 04 STATE OF THE REGION Mary Cheeks the future. From farmers markets manufacturing, a multi-purpose waterfront and General Manager, Rivers Casino and Resort E General Economic Indicators to biomedical research laboratories, a thriving mix of retail businesses and residential Joseph P. Dragone, Ph.D. E Quality of Life Indicators Senior Executive Officer, there is a sense of accomplishment development. Hudson’s robust community-based Capital Region BOCES E Key Regional Indicators planning initiative will guide this investment, ensuring Todd Erling and possibility — an optimism that Executive Director, Hudson Valley this opportunity is shared across the community as 12 PAST PRIORITY PROJECTS Agribusiness Development Corporation is attracting amazing talent and the city elevates its stature as a destination. E Status of Past Priority Projects Bill Hart unprecedented investments. Vice President, U.S. Business E Status of ESD Past Priority Projects Operations, Irving Tissue Inc. Meanwhile, our 2016 DRI winner, Glens Falls, E ESD Past Priority Project Highlights Michael J. Hickey The Capital Region Economic Development Council CEO, Monolith solar has begun putting its plan into place. Projects like E Status of All Projects Awarded CFA Funding (CREDC) has worked hard to create this positive Linda MacFarlane SUNY Adirondack’s culinary school, The Market on E Job Creation Executive Director, Community Loan environment — a place where innovators, entrepreneurs Fund of the Capital Region, Inc. South Street, Arts District and Public Arts Trail, and E Non-ESD Past Priority CFA Project Highlights and all community members can move forward with Andrew Matonak, Ed.D high-speed broadband expansion are attracting President, Hudson Valley Community College their ideas, their businesses, and their aspirations. 20 IMPLEMENTATION OF 2017 STATE PRIORITIES Andrew Meader new entrepreneurs, residents and tourists to the Partner, 46 Peaks Studios E Implementing Progress through the Project Pipeline This year has marked a pivotal chapter in the CREDC’s city’s growing Arts, Wellness and Entertainment Philip Morris E Placemaking CEO, Proctor’s Theatre history. We transitioned to a strategic plan that (AWE) District. E Workforce Development Matthew Nelson integrates the most successful elements of our 2011 VP and Mortgage Officer, The Community E Tradeable Sectors & Global NY Preservation Corporation, Inc. (CPC) goals into the themes of our 2015 Capital 20.20 plan. None of these achievements would have been possible E Regional Strategies that Address State Priorities Lauren Payne We built on the strengths we have identified — and with our dedicated Council members and work group Managing Partner and Co-founder, E Needed Actions and New Strategies Spiral Design Studio worked to shore up those areas of our communities members — and the many partners and community Sinclair Schuller we know need greater attention. And we responded members who have lent their time, expertise and CEO, Apprenda, Inc. 32 IMPLEMENTATION OF STATEWIDE REGIONAL PRIORITIES to statewide priorities by cultivating placemaking, passion to this process. And, as always, we are grateful E Jeff Stark Regional Hot Spot President, Greater Capital Region enhancing our workforce, developing our tradeable for Governor Andrew Cuomo’s vision in creating E Building Trades Council Opportunity Agenda sectors and encouraging innovation that can spark the REDCs, which support collaborative, inclusive E F. Michael Tucker Veterans’ Participation in the Workforce President, Tucker Strategies, Inc. economic development across New York State. new opportunities. E Life Sciences Cluster Omar Usmani Executive Partner, Aeon Nexus Corporation E Downtowns It is with great pleasure that we present this report on Joseph Wildermuth Our theme “The Capital Region Creates,” continues E Local Government Engagement Vice President, Peckham Industries to inspire us to fully leverage our tremendous assets our progress, including proposals for new investments — Ronald Conover (Ex-officio) in the creative economy. It also reminds us that investments that will expand opportunities for growth 46 IMPLEMENTATION OF KEY REGIONAL PRIORITIES Chairman, Warren County Board of Supervisors and development across the diverse communities and E creativity remains our stock-in-trade — the connective Measuring the Performance and Progress of the Strategic Plan Robert Henke (Ex-officio) tissue that makes all of our progress possible. landscapes that make up the Capital Region. E Implementing Strategies through the Project Pipeline Chairman, Washington County Board of Supervisors E Regional Cluster Plan Anthony Jasenski (Ex-officio) Chairman, Schenectady County Legislature 56 2017 PROPOSED PRIORITY PROJECTS Kathleen Jimino (Ex-officio) County Executive, Rensselaer County E Proposed Priority Projects Edward Kinowski (Ex-officio) E Regionally Significant Proposed Projects Chairman, Saratoga County Board of Supervisors JAMES R. STELLAR E Non-ESD Proposed Priority Projects JAMES J. BARBA Kevin Lewis (Ex-officio) Provost and Senior Vice President Chairman, Greene County Legislature for Academic Affairs, University at Albany President and CEO, Albany Medical Center 88 Participation Patrick Madden (Ex-officio) Mayor, City of Troy Gary McCarthy (Ex-officio) 94 HUDSON DOWNTOWN REVITALIZATION INITIATIVE Mayor, City of Schenectady Daniel McCoy (Ex-officio) 99 APPENDIX County Executive, Albany County Matt M. Murell (Ex-officio) Chairman, Columbia County Board of Supervisors Kathy Sheehan (Ex-officio) Mayor, City of Albany 2017 PROGRESS REPORT • CAPITAL REGION ECONOMIC DEVELOPMENT COUNCIL 1 strategic plan Last year, the Council adopted the Capital Region’s 2015 Upstate Revitalization Initiative proposal, Capital 20.20, as the foundation for our strategic plan going forward. Its themes represent the Council’s progress in mapping the region’s economic DNA, with five years of investments — and seeing the results of those investments. EXECUTIVE SUMMARY The five themes in Capital 20.20 take the Council’s 2011 strategic plan to the next level, focusing on the NEXT-TECH: sectors and strategies we know hold the greatest Capturing our Next promise. We are also meeting our goals by advancing Growth Horizons Over the past seven years, the Capital Region Economic our regional cluster plan of Research and Development to Commercialization. By harnessing our R&D Development Council (CREDC) has worked to build an engines and a robust venture support network, we economic ecosystem that supports and attracts new ideas are driving innovative technologies and accelerating their translation into the market. This cluster is also GATEWAY: and opportunities across our region. ideally positioned to advance the state’s Life Sciences Connecting Markets cluster priority. By further integrating the R&D and and Business manufacturing traditions that made us the “Birthplace of Innovation,” our Life Sciences cluster will turn the Capital Region into a bench-to-bedside model. This report reflects the healthy return on that The projects recommended for support reflect a Along with significant resources in the creative investment of time, energy and expertise — progress comprehensive vision for our community. They come TALENT: economy that enhance every aspect of our work, these that has accelerated as we have drilled down on key not just from individuals in the business and the Building the Workforce goals represent a blueprint that will capitalize on our strategies and sectors that hold the greatest promise nonprofit sectors, but also from local governments of Today and Tomorrow strongest assets and create the best possible quality for our communities. and higher education. Included in these proposals of life in all of our communities. are projects that will enhance the conditions for Guided by Governor Andrew Cuomo’s vision businesses to take hold and thrive, for employment of a truly collaborative approach to regional to increase and for underserved communities to LIFT-OFF: economic development, the Council has focused seize new opportunities. Accelerating Ideas, on communicating to the community that we believe Entrepreneurs and that investing in our people, our organizations and our All of these projects were developed with a Businesses communities is the best bet we can make on commitment to public engagement, following our collective future. plans informed by large and small meetings, conference calls, workshops, face-to-face connections, networks The proposed projects in this report represent a wide of creators—all working toward the same goal of METRO: spectrum of innovators, thinkers, builders and doers. building a better
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