Schenectady*County s*Unied*Economic* Development*Team* February*4,*2013* *

County Economic Development Team

Administered by Schenectady County Metroplex Development Authority

2012: The Year in Review

Momentum Continues to Build Over 60 Economic Development Announcements Results Matter

* * * *

Niskayuna)

Former St. James Square

Property sale was #1 commercial sale in Capital Region in 2012 at $11.8 million More tenants opening Demo of former Friendly s will set stage for more tenants in front of plaza

New Army Reserve Center

$20 million military construction project underway Supports overall military base retention strategy Will help rebrand Niskayuna Commerce Park and help us attract additional companies to site

Other Niskayuna Updates

Major commercial sections of Town added to Metroplex service territory Commercial office space on River Road now almost fully occupied only two small office suites left

Glenville)

Former Kmart Site

County team put together successful Kmart-site development plan and executed the strategy 14-acre vacant blighted site replaced with $20 plus million investment Completed and opened on schedule in October Work now underway on pad site and site adjacent to Target More tax base, jobs, sales tax where vacant site once stood

GSA/Former Navy Depot Site

Demo and clean-up now underway Sets stage for redevelopment of 60 acre site at Glenville Business and Technology Park new tax base and jobs

Dimension Fabricators
$650k expansion company continues to land new orders, create jobs at Glenville Business and Technology Park

Adirondack Beverage
Helped company secure Recharge NY power allocation to attract $2 million investment, 10 new jobs, retain 200 jobs at Glenville Business and Technology Park

DHA Holdings
$100k County loan helped company double size of its production/assembly facility in Glenville Business and Technology Park 30-40 new jobs Brings GE and other subcontract work to Schenectady County that was performed in China/other locations

Socha Plaza
Vacant land will be site for new 60,000 square foot building mixed use office, retail, residential Company seeing impact from new GE jobs, other growth on Route 50 corridor $9 million investment

Baptist Senior Assisted Living

$14.4 million, 67 unit assisted living to create 35 jobs financed thru County CRC

Glenwyck
$7.3 million 104 unit senior housing

C-130 s to Remain at Stratton ANGB

FY 2013 defense bill prevents relocation of four planes $125k State grant to continue to defend base jobs over 3,000 in County including Stratton ANGB and two Reserve Centers (both new)

Village)of)Sco4a)

! Work continues on McDonalds site (enviro

testing completed) and other key commercial building improvements on Mohawk Avenue

 New apartments in Village on schedule

Ro6erdam)

Former Vstream
Filled key 52,000 square foot building Recruited Tech Fibers HQ in England Moving work to Rotterdam from Connecticut and Ohio and 30 to 50 new jobs Major upgrade to tech manufacturing/office complex on Burdeck Street - $3 million investment

Railex
Landed $1 million award from NYS to support $12 million expansion and 100 new jobs Railex will add 64,000 sq. ft. of space to existing 228,000 sq. ft. facility Demo of former Buildings 9 & 10 creates pad site for development across from Railex

Building 14
Former State bakery and warehouse Secured $2 million private investment New tenant ITR America construction parts supplier Another new tenant to be announced shortly

GE Tax Agreement
Historic agreement with Town, County, School District provides stability and invites new investment $49 million in Pilot payments over next ten years Great example of working together

Curry Road Plaza

County team worked with Town to create RFP $20 million project planned new retail on Curry Road with two ninety unit senior apartment buildings and green space in rear plus room for fire house to expand

City)of)Schenectady)

GE
Additional $70 million investment in new battery plant announced at plant opening by GE CEO Jeff Immelt 100 new jobs in addition to 350 jobs

Workers Comp
Proactive approach to restacking by State New agency and 300 jobs for downtown Created website and welcome sessions for employees

Armory
Helped to coordinate sale with OGS New owners plan sports-themed venue Will be another downtown attraction Floor space is largest in region

Mexican Radio
$3 million private investment 30 plus new jobs Two story venue downtown plus office/residential New Johnny s at Center City helps complete Proctors Block build out Center City success

New Development Project on Broadway

$3 million private investment 16 apartments and ground floor retail All approvals and bank financing in place for spring start

Benchemark
Second largest commercial printer in Capital Region $1 million expansion to retain company, 93 jobs and add 12 new jobs

845 Broadway
$25 million project 155 apartments Financing in place, work underway

Transfinder
New $5.5 million corporate HQ on schedule $150k State grant to help purchase First Niagara Bank Building for continued expansion/tech space

Bus Station
Major faade upgrade underway

Amtrak Station
To break ground this year

Case Window
$2 million loft housing conversion of long vacant Case Window building

SCCC Student Housing

$11 million private investment opens on schedule SCCC at Center City expansion complete 2,668 students enrolled at Center City for spring semester

Town Homes at Union Square

More downtown housing in rebounding lower Union Street corridor Phase 2 planned for this year Same developer also rehabbed 12 units at 27 Lafayette Street

409 State Street

Seven units of downtown housing

Capital Living
$30 million facility on schedule on Altamont Avenue

414 Union Street

Former planned parenthood now corporate offices plus housing

131 State Street

Former Girl Scouts on lower State Street now open as Madison Handbags

Continue plan that is working

Broadway to Proctors block to Jay to Golub HQ Erie from renovated and expanded GE to redeveloped Alco site Lower State

Summary
Results matter $210.8 million in new investment in 2012 creating tax base, sales tax, more than 700 new jobs/993 retained jobs Over 6,200 jobs since 2004 Over $830 million in new investment since 2004 51 Pilots generating $9.23 million