Opportunity Zones Investment Prospectus CENTRAL NEW YORK CAYUGA CORTLAND MADISON ONONDAGA OSWEGO

Credit: Christopher Molloy Opportunity Zones Investment Prospectus CENTRAL NEW YORK CAYUGA CORTLAND MADISON ONONDAGA OSWEGO

Credit: Visit Syracuse Credit: Visit Syracuse Central New York is one of the largest and most diverse economies in the northeast. From the historically significant and culturally thriving cities of Syracuse, Auburn and Cortland, to the lakes and parks of Madison county, to the major ports and industry in Oswego and Fulton, Central New York offers exceptional talent, geography and opportunity.

Central New York's workforce enjoys the benefits of a high quality, low cost of living centered around excellent public education, short commute times, world-class natural amenities of the Finger Lakes, Great Lakes and the Adirondacks.

The region is geographically centered in a 300-mile radius defined by the metropolitan areas of Buffalo, Toronto, Ottawa, Montreal, Boston, New York City, Baltimore, Washington, D.C., Pittsburgh, Philadelphia and Cleveland. Central New York is connected to the region and to the world through an international airport; intersecting east-west (I-90) and north-south (I-81) highways; the Port of Oswego, which links the Great Lakes through the St. Lawrence Seaway to the Atlantic Ocean; and rail and highway infrastructure that ties the region to the port of Montreal and the Port of New York/New Jersey.

Accelerating investment, abundant assets and surging job growth make this the best time ever to invest or grow your business in CNY. 785,915 140,000+ $40B SYRACUSE IS CNY ECONOMY CNY POPULATION SYRACUSE POPULATION 5th $652M 77% 500+ LARGEST CITY INVESTED IN NEW APARTMENTS ADDED IN IN NYS DOWNTOWN SYRACUSE DOWNTOWN SYRACUSE DOWNTOWN SYRACUSE SINCE 2010 RESIDENCY BY 2020 Opportunity Zones Tax Incentives Established by the Tax Cuts and Jobs Act, Opportunity Zones direct capital to underserved markets by creating an incentive through reducing taxes on capital gains.

CAPITAL GAINS QUALIFIED QUALIFIED TAX REDUCTIONS OPPORTUNITY FUND OPPORTUNITY ZONE, REAL ESTATE OR BUSINESS

Central New York Investment Prospectus 3 Opportunity Zones Tax Incentives

Temporary Deferral Reduction Permanent Exclusion Investors can defer on capital Investments into a QOF held Investors receive a permanent gains tax reinvested into a for longer than five years get a exclusion from taxable income Qualified Opportunity Fund 10% exclusion of the deferred of capital gains from the sale or (QOF). The deferred gain must gain. exchange of an investment in a be recognized on the date the Those held for more than QOF if the investment is held opportunity zone investment is seven years receive a total of a for at least 10 years. This disposed of, or December 31, 15% reduction. exclusion only applies to gains 2026, whichever is earlier. accrued after an investment in an Opportunity Fund.

Central New York Investment Prospectus 4 Central New York Geography

Population Square-Miles

Central New York 785,915 3,575

Auburn 26,454 8.3

Cortland 18,713 3.9

Fulton 11,243 3.8

Oswego 17,337 27.3

Pulaski 2,241 3.3

Syracuse 144,405 25

CNY Zones 54,743 69

Source: 2013-2017 ACS 5-year estimates Central New York: Cayuga, Cortland, Onondaga, Oswego, and Central New York Investment Prospectus Madison Counties 5 Central New York’s Elevator Pitch

The Numbers The Assets The Opportunity Zones • Regional population: 780,000+ • Central location in the Northeast: • Syracuse Opportunity Zones access to 1.5 million businesses & focused on areas where catalytic • Labor force: 366,000+ 53 million people investment is already taking place • Unemployment rate: 3.7% • Strong manufacturing, health care • Opportunity Zones throughout the • Job Growth (2011-2017): 2.8% and educational sectors region offer diversity in markets, zoning, and uses • 12-county region is home to more • Significant ongoing investment: than 46 colleges and 200,000 $3.94 billion of public/private • Regional investments in ecosystem students investment in the last ten years support for startups • Geographic resources: Lake Ontario, Finger Lakes, and proximity to the Adirondack Park’s 6 million acres of lakes, rivers and forests

Central New York Investment Prospectus 6 Recent Economic Growth Headlines

Job Growth: New York State Department of Labor estimates show the Syracuse Metropolitan Statistical Area with an increase of 6,700 private jobs from April 2018 to April 2019. This 2.6% increase is higher than the national increase of 2%, the statewide average of 1.5% and second-highest overall in New York State for that time period.

Population Growth: U.S. Census Bureau 2018 population estimates show Syracuse as the only major city in New York with a projected increase.

Home Value Growth: According to the Greater Syracuse Association of REALTORS, average sales price of homes in the Central New York region (Cayuga, Madison, Oneida, Onondaga, Oswego and Seneca counties) increased 8.7% from April 2018 to April 2019.

Central New York Investment Prospectus 7 Syracuse Metro Region Among Highest in Nation for Earnings Growth and Productivity The 2019 edition of the Brookings Metro Monitor evaluated the 100 largest Metropolitan Statistical Areas (MSA) on measurements of improvement in growth, prosperity, and inclusion from 2007-2017. Syracuse MSA (Madison, Onondaga and Oswego counties) ranked high for improvements in productivity (5th), earnings (2nd), and inclusion (4th). For this report, Brookings defined productivity as regional GDP divided by the total number of jobs. The growth in productivity from 2007-2017 in all U.S. MSAs was 6% compared to 16.9% growth in the Syracuse MSA. Syracuse ranked 5th among all U.S. MSAs for this analysis of productivity growth. The 2019 Brookings Metro Monitor report also identified Syracuse’s 13.3% change in median earnings from 2007-2017 as 2nd highest among all U.S. MSAs. Syracuse showed the 4th best improvement in the U.S when Brookings measured improvements in inclusion by comparing relative poverty, defined as the share of people earning less than half the median wage. This measurement declined by 13.2% from 2007-2017.

Central New York Investment Prospectus Job growth is up: 6,700 jobs (April 2018 – April 2019)

Regional GDP is up: +10.7% (2011 – 2017)

Central New York Unemployment is down: Data Profile 3.7% (June 2019) 8.4% (June 2010) Average annual wages are up: +14.2% (2011-2017)

Population growth in age 25-34 is up: +5.1% (2012-2017)

Sources: New York State Department of Labor; U.S. Bureau of Economic Analysis; U.S. Census American Community Survey 9 Central New York Top Employers

Employer Type of Business Approximate Number of Employees SUNY Upstate Medical University Higher Education 7,651 St. Joseph’s Health Hospital and Health-care 4,755 Syracuse University Higher Education 4,536 Lockheed Martin Global Security and Aerospace 4,100 Walmart Retail Distribution Center 4,050 Price Chopper Supermarket Chain 3,900 Crouse Health Hospital and Health-care 3,351 Tops Friendly Markets Supermarket Chain 3,196 National Grid Energy Delivery 2,500 BNY Mellon Financial Services 1,600 Wegmans Food Markets Supermarket Chain 1,459 Loretto Elder Care Service 1,429 Excellus BlueCross BlueShield Health Insurance 1,164 Novelis Industrial Aluminum 1,145 SUNY Oswego Higher Education 1,058 Source: Business Journal New Network, 2018 Book of Lists 10 Central New York Distinctions #1 Place to live (Syracuse) in New York State U.S. News and World Report #1 Place to locate a UAS company in New York State Business Facilities Rankings Report #6 Top Cities for Millennials growella.com #16 Most Affordable Places to Live in the U.S. U.S. News and World Report #5 Most Exciting Mid-Sized Cities in America Movoto.com

11 Central New York is home to numerous quality hospitals and specialized medical facilities. St. Joseph’s Health, SUNY Upstate Medical University and Crouse Health have each expanded dramatically in the last 10 years. Throughout the region, people are served by Oswego Affordable, Health – a county-wide network, Auburn Community Hospital – a partner provider with St. Joseph’s and High Quality University of Rochester Medical Center, and Guthrie Cortland Medical Center – a recent affiliate of the Health Care Guthrie Clinic. The world-class Golisano Children’s Hospital, SUNY Upstate’s new Cancer Center and the Syracuse Veterans Affairs Medical Center serve patients from across the state.

12 Billions of Ongoing Regional Investments

Cortland: Fulton: Auburn: More than $5M for main street $10 million New York State 300 downtown businesses; 5,000 infrastructure improvements; Downtown Revitalization Grant; employees; $70M in recent public $1.3M awarded to renovate four $200,000 Empire State and private investment buildings to expand commercial Development grant for $2.3 opportunities million facility

Oswego: Richland/Pulaski: Syracuse: $750,000 awarded for $19M HealthWay Products: 39 Since 2010: $1.5B in University Hill mixed-use project; $4.9M employees; Tailwater Lodge, investments; $1.15B in Empire State Development grants; Oswego indoor water park; $2M Salmon River Fishing Lodge: $650M+ private investment in towards $28.5M East Side expansion of 46 rooms, 8,000 sq. Downtown Syracuse; $610M in commons ft. conference center federal transportation investment

Central New York Investment Prospectus 13 Foreign Direct Investment In Central New York Working with Brookings in 2016, stakeholders in Central New York identified more than 19,000 workers employed in foreign owned businesses.

One of the largest manufacturers of digital The world leader in aluminum products and Serves the global market with world-leading printing paper, non-woven (wallpaper) recycling, and the largest global producer of products, services and solutions from release liner, décor paper and photographic automotive and beverage can sheet. military defense to civil security paper

Global specialists in packaging for food and Provides world-class instruments for gas With innovative life insurance, retirement, drink, dedicated to making every consumer analysis, measurement and control and annuity products, AXA offers services experience enjoyable, consistent and safe. that help to address ones financial planning needs.

Provides New York, Rhode Island and Experts in interactive mechatronics and Massachusetts with natural gas and providers or user-friendly interfaces electricity for homes and businesses. between man and machine in innumerable areas of life. Central New York Investment Prospectus 14 UAS Central – A World Class Hub for the UAS Industry $25 million dedicated to supporting UAS startups in Central New York $35 million invested in 50-mile drone test corridor from Rome to Syracuse $50 million in investment and incentives for UAS businesses to build and grow

Central New York Investment Prospectus • More than $652 million in public and private investment since 2010 • $90 million for the development of a county- wide STEAM School • Creation of New York Center for Smart Cities • Redevelopment of 116 Acres of Public Housing

Syracuse Surge Investments

Central New York Investment Prospectus 16 One of the Highest Concentrations of College Students in the Nation

The 12-county CenterState New York region is home to more than 46 colleges and universities that are fostering tomorrow’s leaders – both in this community and around the world. With nearly 200,000 students seeking an education here, the region is a magnet for the best and brightest around the globe.

Central New York Investment Prospectus CNY Workforce Investment

Central New York’s five counties invest in workforce development solutions that provide the tools needed by companies and individuals to be competitive and thrive in the modern economy.

The Good Life, Central New York is an all-in-one resource - www.goodlifecny.com - for CNY companies to promote the region to job candidates. The Good Life initiative arms local companies with videos and stories promoting the area’s attributes, and features information of interest to potential candidates. The interactive website highlights dynamic workplaces, and is embedded with links to entertainment, real estate, school district information, and more. It also includes, Talent Connect, a resource for hiring managers and job seekers to connect on job opportunities in Central New York.

Agency and institutional programs include customized skills training, one-stop career centers, community college workforce programs, on- the-job training, and dual-client models that listen to the needs of workers and employers to develop innovative solutions.

County Workforce Development Boards: Cayuga County Employment and Training Department Cortland Works Career Center Madison County One-Stop Job Center CNY WORKS Workforce Development System of Oswego County

Central New York Investment Prospectus 18 CNY Workforce Investment Program Inventory

Cayuga County Onondaga County Customized Skills Training Central New York Technology Development Organization Documentation Assistance CNY Works Job Ready Workforce Manufacturers’ Association of Central New York On-The-Job Training Onondaga Community College Onondaga County Employee Productivity Program Cortland County CenterState Corporation for Economic Opportunity Cortland Works Career Center Training Within Industry Institute One-Stop Career Center Work Train Priority of Service for Veterans Training, Education & Employment Oswego County Priority of Service for Veterans Madison County Workforce Development System of Oswego County Madison-Oneida B.O.C.E.S Working Solutions/One-Stop Job Center

Central New York Investment Prospectus 19 Investment in Logistics Infrastructure

Central New York’s connections to major distribution networks has made it an ideal location for manufacturing and distribution of goods. Port of Oswego: First U.S. port of call and deepwater port on the Great Lakes from the St. Lawrence Seaway. Syracuse Hancock International Airport: Recent $62 million investment; nonstop service to 24 cities. CSX Rail Yard: Proposed investment of $19 million for expansions in Onondaga County. Interstate-90 and Interstate-81: Intersection of federal highways, approximately $2 billion in planned reconstruction projects on I-81.

Central New York Investment Prospectus 20 Access to 1.5 Million Businesses & 53 Million People Strategic Location

Central New York’s connections to major distribution networks makes it an ideal location for manufacturing and transportation and logistics facilities. Recently, zoning has been approved for a $280 million distribution center. The proposed facility is 3.7-million square-feet, making it will the 2nd largest in the world.

Central New York Investment Prospectus 21 Innovation & Entrepreneurship

The Central New York region has a vibrant innovation and entrepreneurship ecosystem where technologies are researched and developed, business models are nurtured, and entrepreneurs and innovators thrive. Places such as CenterState CEO’s business incubator, The Tech Garden, the CNY Biotech Accelerator, and the Syracuse Center of Excellence provide abundant opportunities for significant startup investment.

This inclusive ecosystem brings together innovative local business builders, startups and pioneering enterprise level companies in a community that values career-long and life-long relationships.

For generations, entrepreneurs have taken advantage of Central New York’s inherent venture-friendly assets, such as accessible transportation, modern infrastructure, and educational resources and combined those assets with our exceptional quality of life to become sustainable contributors to the Central New York business community.

22 The Tech Garden helps create technology-leveraging startups, fosters the development of entrepreneurs, and supports the innovation ecosystem throughout the Central New York region. The Tech Garden prepares entrepreneurs for investment via multiple paths, including structured consulting, mentorship, investment development and business accelerators. It also provides investors with relationship-building opportunities at the early-stage, and can arrange presentations for investment-ready businesses. A signature program of The Tech Garden, GENIUS NY, is the world's largest business accelerator competition for unmanned systems. The year-long program provides UAS startups with investments totaling $3 million, as well as additional resources, programming, advisors and connections. Recently, The Tech Garden announced a major two story, 46,000 square- foot expansion, reflecting the growth of the region’s startup sector. Tech Garden Companies:

23 The CNY Biotech Accelerator (CNYBAC) is a 60,000 square foot LEED Silver-certified facility that accommodates companies involved in the commercialization of biomedical technologies. CNYBAC is owned and operated by SUNY Upstate Medical University, the region's academic medical center. Clients of the CNYBAC present an opportunity for investors, as many of the clients have attracted initial rounds of seed capital financing and are often seeking investment from venture capitalists to fuel growth and development.

CNYBAC Companies:

24 The SyracuseCoE is New York State’s Center of Excellence for Environmental and Energy Systems. Led by Syracuse University, SyracuseCoE engages faculty, students and collaborators at 200+ firms and institutions to catalyze innovations that improve energy efficiency, environmental quality and resilience in healthy buildings and cleaner, greener communities. Companies and organizations with services, products, and research and demonstration investments in the center’s core areas are welcome to license the use of the unique facilities and/or locate functions in the HQ building. Tenants within the SyracuseCoE are attracting seed capital and are winning business competitions, creating opportunities for investors interested in environmental, clean tech, or energy technologies. SyracuseCoE Companies:

25 Central New York Opportunity Zones Population Overview

Central New York Opportunity Zones Total Population 785,915 54,743 Average Income $73,302 $40,707 Percent HS or Higher 89.9% 77.9% BA or Higher 29.9% 18.5% Percent in Poverty 14.8% 38.7 Percent Employed 58.1% 47.5% Source: 2013-2017 ACS

Central New York Investment Prospectus 26 Housing in Central New York Opportunity Zones

Owner-occupied Renter-occupied Single-family housing units housing units detached units CNY: 207,746 CNY: 99,635 CNY: 226,694 OZ: 6,590 OZ: 15,833 OZ: 8,306

Homeownership rate Average housing value Average monthly rent CNY: 67.6% CNY: $157,198 CNY: $708 OZ: 20.0% OZ: $112,589 OZ: $649

Source: 2013-2017 ACS 27 Annual Spending in Central New York Opportunity Zones

Central New York Opportunity Zones Consumer Expenditures/Household $63,046 $35,032 Apparel & Services $1,932 $1,084 Travel $1,830 $925 Housing $19,228 $11,073 Dining Out $3,022 $1,079 Entertainment and Recreation $2,848 $1,554 Source: Esri, 2017

Central New York Investment Prospectus 28 Central New York Opportunity Zones

Census Tract Area (Sq.. Mil.) Acreage Pop. Median Age Median HHI Poverty Rate Median Home Value SYRACUSE 5.01 0.28 179 2,548 26.7 $24,818 43.10% $65,300 16 0.22 141 3,202 52.8 $22,621 34.50% - 21.01 0.61 390 2,572 33 $31,065 45.80% $66,300 23 0.19 122 1,668 34 $17,545 51.20% $72,100 30 0.31 198 1,973 31.7 $12,823 56.80% $65,500 32 0.49 314 2,951 27.4 $20,393 45.40% $220,500 34 0.33 211 1,391 24.4 $15,476 58.20% $153,800 35 0.44 282 2,649 26.2 $17,685 56.20% $138,400 39 0.36 230 2,664 32.3 $16,518 53.40% $59,500 40 0.19 122 1,374 30.8 $20,202 48.50% $56,300 42 0.34 218 2,114 24.3 $11,763 63.00% $8,500 52 0.27 173 2,062 31.8 $25,231 42.70% $61,200 53 0.27 173 2,108 23.7 $19,896 61.80% $64,800 54 0.29 186 2,411 32.4 $24,514 39.20% $54,300 AUBURN 413 2.16 1,382 4,000 37.6 $35,000 23.20% $81,600 CORTLAND 9706 0.51 326 2,930 34.8 $32,328 19.10% $87,500 9709 1.19 762 4,763 30.7 $40,841 29.40% $87,600 OSWEGO 216.05 2.28 1,459 3,433 41.2 $39,085 17.30% $71,300 FULTON 211.02 0.77 493 2,288 35.8 $33,210 39.80% $71,300 RICHLAND/PULASKI 203.01 3.48 2,227 2,132 36.3 $36,302 22.30% $99,700 203.02 207.22 132,621 3,510 36.9 $51,032 22.40% $104,000

TOTALS 222 square miles 54,743 residents

Source: 2013-2017 ACS 29 Syracuse Census Tracts: 5.01, 16, 21.01, 23, 30, 32, 34, 35, 39, 40, 42, 52, 53, Municipality: Syracuse Area: 4.59 square miles CT Population: 31,687 Notable Infrastructure: Interstate 690, Interstate 81, Syracuse Transit Hub Notable Assets: Armory Square; The Everson Museum of Art; Museum of Science and Technology; Erie Canal Museum; Oncenter War Memorial Arena; Redhouse Arts Center; Landmark Theater; The OnCenter Civic Center Theaters; SUNY Oswego Metro Center; Syracuse University Nancy Cantor Warehouse; Bryant and Stratton; The Tech Garden; Connective Corridor; Convention District; Cathedral Square; Hanover Square District Development Partners: City of Syracuse; County of Onondaga; Downtown Committee of Syracuse; CenterState CEO; Syracuse Industrial Development Agency; Empire State Development Corp.; Upstate Minority Economic Alliance, Southside Tomorrow’s Neighborhoods Today Hanover Square Notable Projects & Plans Primary Developer Overview City Center 101 South Salina St., LLC Mixed-use commercial, prospective office tenants seeking to lease space Acropolis Center Acropolis Center, LLC Addition of two floors: 28 new apartments on the top floors, office spaces and ground floor retail spaces Commonspace Commonspace Warren, LLC Expansion of 45 residential units, 35 private offices, shared office, ground floor retail, community space and rooftop amenities space Post-Standard Building 101 South Salina St., LLC Mixed Use: Commercial Class A Office plus 50 Residential apartments Chimes Building Expansion 500 Salina Enterprises, LLC Conversion of vacant office space into 90 additional apartments (39 existing) and buildout of ground floor retail spaces The Syracuse Flatiron Stalwart Development Registered historic building developed as a mixed used project: first floor commercial, upper floor residential units Salina 1st Salina 1st, LLC New construction commercial office and light manufacturing space and mixed-income units

30 City Center Acropolis Center Commonspace Post-Standard Downtown Syracuse Projects and Plans

Armory Square 1. City Center 2. Acropolis Center 3. Commonspace 4. Post-Standard 1 4 5. Chimes Building 5 2 Why Syracuse? Hanover Square • City population: 144,405 3 • Downtown Syracuse’s population has grown by 77% over the past 10 years The Tech Garden • 99% downtown residential occupancy • $1 billion of downtown investment completed or underway since 2010. OnCenter Theaters • Growing business sectors include tech, engineering, N accounting, law, digital marketing, insurance, design • Downtown Innovation/Tech Incubator – The Tech Garden • Intersection of I-81 and I-90 • Commercial and Passenger rail (AMTRAK) • Landmark Theatre (Broadway traveling productions) • Empire State Trail (ped/bike) fall 2020 completion • Downtown Historic Districts

31 Chimes Building Flatiron Salina 1st 1 Syracuse Opportunity Zone Investments I-81 1. Flatiron 2. Post-Standard 3. City Center 4. Acropolis Center 5. Commonspace 6. 200 Maple Street 2 7. 1641 West Genesee Street I-690 8. Chimes Building Syracuse COE 9. 506 West Onondaga Street . 10. Salina 1st . CNY Biotech Accelerator 6 Armory Square 4 5 7 Business Incubators and Accelerators: 3 OnCenter • The Tech Garden The Tech Garden • Syracuse Center of Excellence • CNY Biotech Accelerator 8

9 Syracuse University

10 32 Auburn

Census Tract: 413 Municipality: Auburn Area: 2.16 square miles Population: 4,000 Notable Infrastructure: NYS-38, I-90 (10.5 miles) via NYS-34 Notable Assets: Centrally located between Syracuse, Rochester, and Ithaca; Cayuga Community College, Wells College, BOCES Adult Learning Center; Auburn Enlarged City School District P-Tech; Numerous historic, cultural, and natural resources; Casey Park; Montezuma National Wildlife Refuge; Nearby Industry: Bo-Mer Plastics, Centro, Bartolotta Furniture, Marietta Diesel, Weaver machine and Tool, Auburn Vacuum Forming, Barr Transportation, and Nucor Steel Auburn District Development Partners: City of Auburn; Cayuga Economic Development Agency; CenterState CEO; Empire State Development Seward House Notable Projects & Plans Primary Developer Overview Auburn Technology Park Auburn Industrial Vacant land in established business park, Commercial uses suitable for wholesale, storage, warehousing, distribution, printing; Development Authority Industrial uses suitable for food processing, precision manufacturing, assembly and packaging Pulaski Street Brownfield Site City of Auburn Commercial uses include: distribution center, contractor’s yard, motor vehicle repair; Industrial: agricultural processing, manufacturing

Central New York Investment Prospectus 33 Auburn Technology Park Pulaski Street Brownfield Auburn Projects and Plans NYS- 38 1. Auburn Technology Park 2. Pulaski Street Brownfield Site 1 Casey Park 2 Why Auburn?

• 35 miles to Syracuse Hancock International Airport Auburn Doubledays • Centrally located in the heart of the Finger Lakes • One-day drive to 50% of the US and Canadian populations, as well as the Port of Oswego and the Port of NY/NJ. • Within 85 miles of 29 higher education institutions • “Full-service” small city, with full-time police and fire NYS- departments, curbside trash and recycling pickup, 34 neighborhood parks, recreation events, and city sponsored summer concerts • Surrounded by rural communities and small villages • Rich cultural and artistic heritage: Schweinfurth Memorial Art Center, Auburn Public Theater, and Rev Theatre Company • Historic sites and museums: Harriet Tubman National Historical Park, Seward House Museum, Willard Memorial Chapel, Ward O’Hara Agricultural Museum, and Cayuga Museum • Scenic beauty and outdoor recreation: Fair Haven Beach State Finger Lakes RR Park, Sterling Nature Center, Fillmore Glen State Park, Montezuma Wildlife Refuge, Long Point State Park, eight freshwater lakes, and numerous hiking and walking trails • Home of professional minor league baseball team, Auburn Doubledays, and Falcon Park. • Ranked “#1 Small City in the Northeast to Raise a Family” by Central New York Investment Prospectus Forbes magazine. Cortland

Census Tracts: 9706, 9709 Municipality: Cortland Area: 1.7 square miles Population: 7,693 Notable Infrastructure: New York & Susquehanna Railway; R-11; NYS-41; I-81 (3 miles); Adjacent to municipal wastewater plant Notable Assets: Courthouse Park; Beaudry Park; Dexter Park; 1890 House Museum District Development Partners: City of Cortland; Cortland County Industrial Development Agency; Cortland County Business Development Corporation; CenterState CEO; Empire State Development Downtown Cortland

Notable Projects & Plans Primary Developer Overview Cortland Industrial Center D. Yaman Properties 205,000 SF building designed to support manufacturing, office, shipping/receiving and warehousing activities; Mezzanine could be fitted for use as a crane-way or to service manufacturing

Central New York Investment Prospectus 35 Cortland Industrial Center New York & Susquehanna RR I-81 Cortland Projects and Plans 1. Cortland Industrial Center

R-11 Why Cortland?

• Cortland County population of over 50,000 • Multiple employers across diverse industries • Plentiful, motivated, and well-educated workforce • Excellent transportation infrastructure providing easy access to major northeastern and 1 international markets • Proximity to one of the nation’s highest concentrations of colleges and universities • Home to SUNY Cortland, 7,100 college students • An exceptional public education system that produces more high school and college graduates than both the state and national averages • Easy commutes • Low crime rates • A cost of living that is lower than the state and national averages • Quality health care • A four-season climate that affords residents the very best in outdoor recreational opportunities as well as dependable weather patterns largely free of extreme weather events experienced elsewhere

Central New York Investment Prospectus 36 Oswego Census Tract: 216.05 Municipality: Oswego Area: 2.28 square miles Population: 3,433 Notable Infrastructure: NY Route-104; CSX Railway; Port of Oswego; Oswego Wastewater Treatment Center; Notable Assets: Port of Oswego Authority; Oswego Marina; Fort Ontario State Historic Site; Oswego County Park District Development Partners: Operation Oswego County; City of Oswego; CenterState CEO; Empire State Development; Greater Oswego-Fulton Chamber of Commerce International Paper Site Notable Projects & Plans Overview International Paper Site 24 acres; served by gas, public water, telecom; within 10 minutes of State Route 104, 15 minutes of State Route 481; Close to Novelis, Vistra/Dynegy Co-Gen, Exelon; Ideal location for manufacturing, distribution center, waterfront development Lake Ontario Industrial Park 57 acres; large capacity of municipal water and sewer for industrial use; 2 miles from State Route 481 and State Route 104; 1 mile from Port of Oswego; 1,200’ of rail line on site; 12 miles from Oswego County Airport; close to: Dynegy, Novelis, Northland Filters International, Wilsie Construction and Industrial Precision; ideal for light industrial, manufacturing, R&D 305 ½ East Seneca Street 2.1 Acres; 32,000 SF; industrial zoned; served by electric, gas, telecom, public water and sewer; close to Novelis, Port of Oswego; ideal for manufacturing, light industrial, warehousing/distribution George Street Site 15.53 acres; served by electric, gas, public water, telecom; close to numerous retail, food and grocery establishments; pre-approved for 132 unit apartment complex but could also be used for commercial, retail, multi-use, restaurant, medical, professional offices, plaza or stand-alone location

Central New York Investment Prospectus 37 Lake Ontario Industrial Park 305 ½ East Seneca Street George Street Site Oswego Projects and Plans 2 1. International Paper Site 2. Lake Ontario Industrial Park 3. 305 ½ East Seneca Street 4. George Street Site

1 Why Oswego? CSX Transportation • Home to the Port of Oswego, the only Conrail operating port on Lake Ontario, with excellent access to the Great Lakes and 3 Transatlantic shipping through Lake Ontario Fort Ontario Park and the St. Lawrence River • Recent $10 million Downtown Revitalization 4 grant from New York State • County seat for Oswego Government Port Authority of Oswego • Home to festivals and sport fishing SR-104 tournaments • Home to Oswego Speedway • Home of SUNY Oswego, campus of 8,000 college students Oswego State University • Unlimited supply of fresh water drawn directly from Lake Ontario Oswego Speedway • Excellent access via NYS Route 48, NYS Route 104, and NYS 481 • Substantial manufacturing base and Central New York Investment Prospectus established energy manufacturing services 38 Fulton

Census Tracts: 211.02 Municipality: Fulton Area: .77 square miles Population: 2,288 Notable Infrastructure: I-481; Oswego Canal; Oswego County Airport (7 minutes); Hancock International Airport (15 minutes) Notable Assets: Huhtamaki; Attis Industries; several metal manufacturers; Gateway site to Fulton District Development Partners: Operation Oswego County; City of Fulton; CenterState CEO; Empire State Development; Greater Oswego-Fulton Chamber of Commerce Bullhead Point Pavilion Notable Projects & Plans Primary Developer Overview Nestle Site Operation Oswego County 24.03 acres; served by electric, gas, public water, telecommunications; Adjacent to SR-481; 7 minutes from Oswego County Airport; close to: Huhtamaki, Attis Industries, metal manufacturers; ideal location for R&D, light manufacturing, retail Fulton Gateway Site Operation Oswego County 2.15 acres; Gateway site to Fulton with excellent visibility and accessibility; commercial zoned; served by electric, gas, telecom, public water and sewer; close to: Oswego Medical Center, Nestle Site, Huhtamaki; ideal for commercial and light industrial Cayuga County Community Operation Oswego County 14.5 acres; zoned commercial; served by electric, gas, telecom; public water and sewer; close to Cayuga Community College Fulton College Campus, Teti Bakery, Oswego Industries; ideal for: Commercial, light industrial, education, medical, student housing

39 Downtown Fulton and Oswego River Cayuga Community County Community College Fulton Campus Fulton Projects and Plans 1. Nestle Site Huhtamaki 1 2. Fulton Gateway Site CSX Transportation RR 3. Cayuga Community College Site

Why Fulton?

• Largest available development site in an Opportunity Zone in the region • $10 million Downtown Revitalization Initiative award from New York State in 2019 2 • Fulton offers great logistics access • 15 minutes from the New York State Thruway, with direct connections via I-481 3 and NYS 48 and I-690 • NYS Route 3 is a major east-west route Oswego River through the city 481 • Cayuga Community College has a large campus presence • Served by major CSX rail yard • Substantial manufacturing base and established manufacturing services

Central New York Investment Prospectus 40 Richland/Pulaski

Census Tracts: 203.01, 203.02 Municipality: Town of Richland, Village of Pulaski Area: 210.7 square miles Population: 5,642 Notable Infrastructure: I-481; Notable Assets: Lake Ontario Eastern Shore; Salmon River; abundant natural resources; Kallet Theater; LaVeck Concert Series; Tailwater Lodge District Development Partners: Operation Oswego County; CenterState CEO; Empire State Development; Greater Oswego-Fulton chamber of Commerce Salmon River

Notable Projects & Plans Overview Centerville Peck Road Site 14 acres; Agricultural; Proximity to Fulton Companies, Felix Schoeller; ideal for light manufacturing; warehouse/distribution Tinker Tavern Exchange Multiple 25-100 acre parcels; commercial and agriculture zoning; serviced by electric, gas, water, telecom; light manufacturing, warehouse/distribution, agribusiness Halsey Road Site 66 acres; zoned agricultural; access to gas, electric, public water and sewer; close to FX Caprera Auto Dealership; ideal for retail or commercial development, distribution center 4799 North Salina Street 0.80 acres; 18,340 SF; business zoned; 140’ frontage on Salmon River; close to downtown, waterfront, restaurant and parks; ideal for: commercial, microbrewery, medical, housing, hotel/hospitality 4873 North Jefferson Street 4,200 SF mixed-use building; business zoned; downtown row building with great visibility and accessibility; commercial space 1st floor, residential or office 2nd floor; near: Kallet Theater, parks, waterfront 31 South Jefferson Street 3.59 acres; 12,000 SF; business zoned; former school building suitable for restoration or tear-down; 277’ frontage on Salmon River; adjacent to Village river access of 700’+ water frontage; near: downtown, waterfront, parks; ideal for: commercial, housing, medical, hotel/accomodations

Central New York Investment Prospectus 41 Richland Projects and Plans 1 1. Centerville Peck Road Site 2. Tinker Tavern Exchange 3. Halsey Road Site

3 Why Richland?

• Easy transportation access • Acreage available for various industrial and warehousing use • Agricultural center • Offers excellent access via I-81 and NYS Route 3 I-81

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42 Tinker Tavern Exchange Pulaski Projects and Plans 2 1. 4799 North Salina Street 2. 4873 North Jefferson Street 3. 31 South Jefferson Street

Why Pulaski?

• Salmon River Tourism • Salmon fishing capital of the Northeastern US • Attractive downtown waterfront Salmon River 4873 North Jefferson Street

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43 31 South Jefferson Street Central New York Opportunity Zone Investment Resources: Tracy Varrier, Cayuga Economic Development Agency 315-252-3500 [email protected] cayugaeda.org

Andrew Fish, CenterState CEO 315-470-1800 [email protected] centerstateceo.com

Eric Ennis, City of Syracuse 315-448-8417 [email protected] syrgov.net

Gary VanGorder, Cortland Business Development Corporation 607-591-4604 [email protected] cortlandbusiness.com

Kipp Hicks, Madison County Industrial Development Agency 315-697-9817 [email protected] madisoncountyida.com

Robert Petrovich, Onondaga County office of Economic Development 315-435-3770 [email protected] ongoved.com

Michael Treadwell, Operation Oswego County 315-343-1545 [email protected] oswegocounty.org

Are you looking to invest in Central New York? Please contact: Would you like to have your Qualified Jared Shepard Opportunity Zone project listed? 315-470-1800 | [email protected]

Our Partners

No specific security, fund, or other investment is being offered pursuant to this document. The purpose of this document solely is to advertise and describe the Central Upstate New York region.