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  • CEDA - Council Presentation - June2023-Updated

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    Ted Baker
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    The Cayuga Economic Development Agency (CEDA) assists businesses in Cayuga County, New York with new business development, expansion, attraction, and overcoming barriers. Over the past decade, CEDA has helped secure $46.8 million in public funding leading to $437.2 million in private investment. Their efforts have benefited industries like manufacturing, agriculture, and tourism. In 2022, CEDA's accomplishments included helping expand a hospital, securing an EDA grant, and facilitating a $150 million expansion. For 2023, CEDA is analyzing Micron's supply chain needs, operating a business incubator, and leading initiatives to market the community and build the local entrepreneurial ecosystem.

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    Presentation to the Auburn City Council by CEDA

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    CEDA - Council Presentation.june2023-Updated

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    The Cayuga Economic Development Agency (CEDA) assists businesses in Cayuga County, New York with new business development, expansion, attraction, and overcoming barriers. Over the past decade, CEDA has helped secure $46.8 million in public funding leading to $437.2 million in private investment. Their efforts have benefited industries like manufacturing, agriculture, and tourism. In 2022, CEDA's accomplishments included helping expand a hospital, securing an EDA grant, and facilitating a $150 million expansion. For 2023, CEDA is analyzing Micron's supply chain needs, operating a business incubator, and leading initiatives to market the community and build the local entrepreneurial ecosystem.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    5 views20 pages

    CEDA - Council Presentation - June2023-Updated

    Uploaded by

    Ted Baker
    The Cayuga Economic Development Agency (CEDA) assists businesses in Cayuga County, New York with new business development, expansion, attraction, and overcoming barriers. Over the past decade, CEDA has helped secure $46.8 million in public funding leading to $437.2 million in private investment. Their efforts have benefited industries like manufacturing, agriculture, and tourism. In 2022, CEDA's accomplishments included helping expand a hospital, securing an EDA grant, and facilitating a $150 million expansion. For 2023, CEDA is analyzing Micron's supply chain needs, operating a business incubator, and leading initiatives to market the community and build the local entrepreneurial ecosystem.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 20

    Reintroducing

    The Cayuga
    Economic
    Development Agency
    Local Partners
    Regional Partners
    CEDA Assists With…
    • New Business Development
    • Interested in starting a business?
    • Business Expansion
    • Ready to expand?
    • Business Attraction
    • Looking to expand or relocate to Cayuga County?
    • Navigating Barriers to Development
    • Running into roadblocks?
    Looking Back
    CEDA’s Impact
    Empire State Development Grants

    CEDA has helped secure $46.8M in public funding


    spurring $437.2M in private funding.
    As of May 2023
    CEDA’s Impact Continued
    By Industry: 2012-Present

    32.4% 20.6% 14.7% 11.8% 8.8% 5.8% 5.8%

    As of May 2023
    2022
    Major Successes
    2022 Major Successes
    • Hospital Oncology and Radiation Center • City of Auburn Small Business Grant
    • $14mm private investment improves AMH Program
    ability to improve stability and serve Cayuga • $500k of funds administered, by CEDA, to
    County 26 small businesses impacted by COVID in
    Auburn

    • EDA Grant Award • County Small Business Grant Program


    • $1m Grant Acquired to build out sewer-line to • $298k of funds administered, by CEDA, for
    support Industrial Park Tenants 37 businesses throughout Cayuga County
    • CMI Expansion • Total Businesses Assisted/Jobs Created &
    • $150m project made possible through the Retained
    EDA Grant Award and LDA Agreements • 73 Businesses Assisted
    through the Cayuga County Industrial • 58 Entrepreneurs Assisted
    Development Agency • 153 Jobs to be created
    • 146 Jobs retained
    2023 In Progress
    CEDA’s 2023 Activities
    In Progress As of May 1, 2023
    CEDA’s 2023 Activities Cont.
    In Progress As of May 1, 2023
    Micron
    Impacts

    Supply Chain Business


    Analysis Incubator

    Key Initiatives
    Community Economic
    Marketing Ecosystem

    Entrepreneurial
    Ecosystem
    Committees
    Community Marketing Initiatives

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