Capital Region Upstate

Revitalization Initiative

Community Update

What are we going to do today

What today is

What today is not

Chance to play back what we

Collection of new ideas for the

heard from you in earlier sessions

Opportunity to review the latest

guidelines for the URI competition

Chance to engage on the

strategic areas of the URI plan
and understand some of the
priority initiatives

submission

Broad discussion about the wish

list for economic development

Reveal of specific projects

including names of partners and
detailed costs

| 1

Why is this important - We are at an inflection point

1.4%

Employment growth
at 1.3%

Private GDP
growth

5.6%
Unemployment rate

$57,000
Median HH
income

0.9%

Compared to 1.6%
(US) and 1.5% (NYS)

Residents over 65
expected to grow at
2.5%

Labor force
contracted by ~25,000
people 2008-2014

GDP growth

Lowest among URI

eligible regions
Decreased by 6%
per year since 2009

2nd highest in URI

eligible regions
Grew at 1.9% per
year

0.2%
Average Population growth

-5%
Labor force
growth

| 2

URI a Component of the CREDC Progress Report

| 3

CFA Update

>over

250 CFA applicants

Total priority requests:

$43,723,813
Total Project costs =

$215,845,208
Leverage for priority projects=

80 percent

| 4

URI Stakeholder Engagement

3500+

Local community engagement

1:1 sessions, focus groups, town halls, council meetings, etc.

1700+

Online interactions
Online submissions, Facebook likes, survey participation,
etc.

750+

People hours spent in design sessions

Detailed, tactical working sessions

100+

Global expert interviews

1:1 sessions with global leading experts on specific Capital
Region opportunities

| 5

Governors Remarks

| 6

URI criteria

New private
sector jobs

Attract
private firms

No build it
and they will
come

5:1 private
match

Regional
collaboration

Bold &
innovative

| 7

Our Five URI Strategies

Tech Valley
2.0

Distribution
& Logistics

Next-Gen
Education
Cluster

Urban
Revitalization

Entrepreneurship

| 8

Proposed URI strategies

Tech Valley
2.0

Build-off previous successful high-tech investments, and the

globally renowned Tech Valley brand, by developing new priority
and fast-growing high-tech clusters in population healthcare,
clean-tech, and gov-tech.
This strategy will augment current assets to:

Attract new companies, talent, and international recognition

Create jobs and increase regional productivity
Help government deliver on bold priorities

| 9

Proposed URI strategies

Leverage the Capital Regions unique geographical location

Distribution
& Logistics

Proximity to NYC and other major markets

Northern most 12-month port

National rail/road connections

Catalyze shipping and distribution activity to:

Increase competitiveness of local businesses by reducing

shipping and input costs

Link Capital Region businesses to external markets

Connect upstate NYS with global demand
Create critically important new middle-skilled jobs

| 10

Proposed URI strategies

Next-Gen
Education
Cluster

Further develop Capital Regions education cluster to enhance

the Capital Regions existing higher education strengths;
systematically connect the Capital Region workforce with
opportunities for the knowledge and skill development they need
to get jobs, including historically hard-to-employ populations.
Support the Capital Regions K-12 system to ensure students are
prepared for STEM opportunities and have the wrap-around
services needed to succeed.
This strategy will spur economic activity through:

Attracting new students to the region

Creating new jobs in our education institutions
Attracting education focused companies to the growing cluster
Arming local companies with critical talent needed to succeed

| 11

Proposed URI strategies

Physical transformation of the urban core to drive local economic

development. A coordinated portfolio of investments that will:
Urban
Revitalization

Leverage our unique and diverse assets to attract residents,

tourists, and firms into our urban cores

Deploy global urban planning best practices to make strategic

real estate investments that revitalize neighborhoods and drive
inclusive growth

Ensure new urban investments and attention directly benefit

historically underserved neighborhoods.

| 12

Proposed URI strategies

Link together and invest in the Capital Regions strong existing

Entrepreneurship entrepreneurship ecosystem leveraging the regions
colleges, universities, and corporate talent to:

Attract and keep young entrepreneurs

Ensure a vibrant small business economy across all 8

counties

Focus on critical local sectors with potential to scale

Launch and nurture the emblematic Capital Region

companies of the future

| 13

Our Five URI Strategies

Tech Valley
2.0

Distribution
& Logistics

Next-Gen
Education
Cluster

1 Population
Health Tech
Cluster

4 Port
Modernization
& Expansion

2 Rensselaer
Clean Tech
Station

5 Fulfillment Hub 7 Workforce

Solutions
Center

3 Gov-Tech
Cluster

6 Education
Cluster
expansion

8 Cradle to
Career pipeline

Urban
Revitalization

9 Urban Catalyst
Projects

Urban
10
Neighborhood
Fund

CDTA
11
expansion

Entrepreneurship

12
Creative Economy
Accelerator
13 CRAFT Business
Fund
14
R&D
Commercialization
Catalyst

| 14

Our plan is mutually reinforcing

Tech Valley 2.0
Strategy

Distribution
& Logistics

Next-Gen
Education
Cluster

Urban
Revitalization

Entrepreneurship

Tech Valley 2.0

Distribution
& Logistics

Next-Gen
Education
Cluster

Urban
Revitalization

Entrepreneurship

| 15

Mapping Against Prescribed URI Themes

Strategy

Tech Valley 2.0

Distribution and
Logistics

Next-Gen
Education Cluster

Urban
Revitalization

Entrepreneurship

| 16

Questions?

| 17