Schenectady*County s*Unified*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 façade 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

Sign up to vote on this title
UsefulNot useful