Otsego Now Economic Progress Activities - August 2023 by Tammy Graves

Otsego County

August 2023

July 2023

HUB FOR ECONOMIC PROGRESS

July 2023

Program Administer for Otsego County

• NYS Community Development Block Grant Program (CDBG)

• Microenterprise Funding Program

• Payment In Lieu of Taxes (PILOT)

Program Administer for Otsego County

HUB FOR ECONOMIC PROGRESS

Otsego County Microenterprise Assistance

Grant Program

NYS Community Development Block Grant Program (CDBG) Program Administer for Otsego County

• $300,000 Grant Award from NYS Community Development Block Grant Program

• Otsego County entered sub-recipient agreement with Otsego Now for Microenterprise Assistance Grant Program.

• Approximately half of the funds ($150,000) will go be awarded to agriculture related

HUB

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Program Administer for Otsego County HUB

FOR ECONOMIC PROGRESS

NYS Community Development

Block Grant Program (CDBG)

NYS Office of Homes and Community Renewal

• $750,000

•

• Retain 18 jobs

• Add 31 New jobs

Town of Oneonta and Ioxus

Ioxus

Line

Planned Production

Expansion

Town of Oneonta

• Review of $794,000 individual expenditures.

• Approval of $334,127 expenditures.

• Review documentation of 18 employees were retained and five new hires.

• Prepare Drawdown Request on behalf of the Town and send to NYS DHCR.

Ioxus Voucher 1

Town of Oneonta

NYS Office of Homes and Community Renewal HUB FOR ECONOMIC PROGRESS

Expenditure Description Vendor Name Date Paid/Payable Check/Invoice/PO Total Payment/Project Expense CDBG Funds Expended Automated Laser Welding System P21127D Adaptek Systems 10/12/2022 PO # 00167539 $ 154,710.75 61,884.30 $ YP-50 ACTIVATED CARBON Calgon Carbon 10/31/2022 V4817 WP # 1003 62,208.00 24,883.20 YP-50 ACTIVATED CARBON Calgon Carbon 9/29/2022 V4818 WP # 969 62,208.00 24,883.20 Freight for above item Priority 1 10/14/2022 V4873 WP #984 4,810.00 1,924.00 Customs handling for above item Mainfreight 9/22/2022 V4781 CK# 1769 330.00 132.00 Custom duties US CBP 9/19/2022 V4780 WP # 957 3,279.23 1,311.69 YP-50 ACTIVATED CARBON Calgon Carbon 10/27/2022 V4855 WP# 1000 11,664.00 4,665.60 Freight for above item FedEx 10/18/2022 V4871 WP # 986 6,542.73 2,617.09 Custom Fees/Tarrifs for above item FedEx 10/14/2022 V4851 WP # 982 612.28 244.91 Al Ø60 IR CX Terminal w/Volt tap and GEN2 Ø60 2-Part Welded Collector Zheijiang ZZ Electric Co 6/30/2022 V4554 WP # 870 32,042.00 12,816.80 Freight for above item Mainfreight 8/4/2022 V4562 CK # 1717 4,325.00 1,730.00 Custom Fees/Tarrifs for above item US CBP 7/26/2022 V4528 WP # 895 8,161.54 3,264.62 BS BINDER BM-400B Zeon Chemicals Inc. 8/4/2022 V4523 WP # 911 46,800.00 18,720.00 Freight for above item (1 of 2 shipments) FedEx 8/4/2022 V4519 CCWP # 484 3,571.39 1,428.56 Freight for above item (2 of 2 shipments) FedEx 7/14/2022 V4485 CK # 1693 2,439.77 975.91 Customs for above item (1 of 2 shipments) FedEx 7/28/2022 V4541 CC WP # 478 113.01 45.20 Customs for above item (2 of 2 shipments) FedEx 7/28/2022 V4542 CC WP # 478 79.34 31.74 3000F GEN2 CX CAN ACR60130PA Non-Mach Neuman Aluminum 8/28/2022 V4639 CK # 1737 21,001.48 8,400.59 Freight for V4639 above, and V4638 below FedEx Freight 8/3/2022 V4621 CK #1713 3,090.84 1,236.34 3000F GEN2 CX CAN ACR60130PA Non-Mach Neuman Aluminum 9/15/2022 V4638 and V4699 WP # 949 33,924.13 13,569.65 Freight for V4699 delivery only; Freight for V4638 is listed above for V4639 FedEx Freight V4621 Priority 1 8/18/2022 V4705 WP # 950 861.11 344.44 POTTING MATERIAL, RESIN, 50-2369RFRGR and POTTING MATERIAL, CATALYST, 50-2369CFRTR Epoxies, Etc 8/25/2022 V4599 WP # 927 15,881.75 6,352.70 Freight for above item Priority 1 7/29/2022 V4658 WP #917 352.94 141.18 TF4035 Separator, 1200F Slitt (55mm) CBC America 8/25/2022 V4545 WP # 926 8,382.00 3,352.80 Freight for above item FedEx 8/11/2022 V4551 CC WP # 495 1,672.51 669.00 Custom Fees/Tarrifs for above item FedEx 8/4/2022 V4552 CC WP # 484 41.04 16.42Passive PCBA,18 Cell,3-Layer,X-Ser Ansen Corp 7/21/2022 V4451 WP #893 4,909.34 1,963.74 uSTART V5 PCB Assembly with Harness Ansen Corp 9/7/2022 V4702 WP # 932 10,211.70 4,084.68 Freight for above item FedEx 8/11/2022 V4603 CC WP # 495 13.16 5.26 Customs for above item (2 of 2 shipments) FedEx 7/28/2022 V4542 CC WP # 478 79.34 31.74 3000F GEN2 CX CAN ACR60130PA Non-Mach Neuman Aluminum 8/28/2022 V4639 CK # 1737 21,001.48 8,400.59 Freight for V4639 above, and V4638 below FedEx Freight 8/3/2022 V4621 CK #1713 3,090.84 1,236.34 3000F GEN2 CX CAN ACR60130PA Non-Mach Neuman Aluminum 9/15/2022 V4638 and V4699 WP # 949 33,924.13 13,569.65 Freight for V4699 delivery only; Freight for V4638 is listed above for V4639 FedEx Freight V4621 Priority 1 8/18/2022 V4705 WP # 950 861.11 344.44 POTTING MATERIAL, RESIN, 50-2369RFRGR and POTTING MATERIAL, CATALYST, 50-2369CFRTR Epoxies, Etc 8/25/2022 V4599 WP # 927 15,881.75 6,352.70 Freight for above item Priority 1 7/29/2022 V4658 WP #917 352.94 141.18 TF4035 Separator, 1200F Slitt (55mm) CBC America 8/25/2022 V4545 WP # 926 8,382.00 3,352.80 Freight for above item FedEx CC WP # 495 1,672.51 Custom Fees/Tarrifs for above item FedEx 8/4/2022 V4552 CC WP # 484 41.04 16.42Passive PCBA,18 Cell,3-Layer,X-Ser Ansen Corp 7/21/2022 #893 uSTART V5 PCB Assembly with Harness Ansen Corp 9/7/2022 10,211.70 4,084.68 Freight for above item FedEx 8/11/2022 V4603 CC WP # 495 13.16 5.26 Alternative for UCC21222QDRQ1 Mouser 9/29/2022 V4768 CK # 1781 4,150.00 1,660.00 Freight for above item UPS 63.03 25.21 19218-082L PCBA Circuit hub 7/14/2022 CCWP # 501 5,273.07 2,109.23 Al PCBA Cover Plate, 3-Layer, X-Series 10/27/2022 V5067 unpaid invoice # 319816; due 11/27/2022 21,919.04 8,767.62 Inductor, uSTART V5, XZM-T50002-02 Zettler Magnetics 10/31/2022 V5107 unpaid invoice # 278981; due 11/30/2022 12,790.00 5,116.00 4-100 PCT-21KS Activated Carbon ES Tech PO # P00167579 Invoice # ES22110801 unpaid 165,778.00 66,311.20 4-116 20 CB Etched Aluminum Foil 4-229 3000F Gen 2 Winding Core 4-439 LT Gen2 CX Blank Sleeve 060 Roll 4-360 3000F Gen 2 CT Can ACR60130PA W/holes Neuman Aluminum Impact 10/21/2022 PO # PO167557 not paid yet 29,500.00 11,800.00 4-351 Gen 2 060 2 Part Welded Collector Zheijiang ZZ Electric Co 10/21/2022 PO # PO00167555 not paid yet 50,750.00 20,300.00 4-497 AL 060 IR CX Termianl w/Volt tap 4-496 AL 060 IR CT Terminal w/Screw holes TOTALS 794,462.18 $ 317,784.87 $

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Currently assisting these Otsego County businesses

July 2023

Advanced Biotech

Apple Converting

ASATI

Brooks Bottling

Ioxus

Richfield Springs Eco-Business Park

Skylight Hospitalities

Springbrook

tsPink Soap Rocks

York Modern

July 2023

• 17 employees, currently in off-season

• Assisting with New Financing to Update Equipment

• Bridging to Marketing Resources for launching new sales strategy and marketing campaign

Town of Oneonta

tsPink SOAP ROCKS

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York Modern

• 15 employees, seasonal production

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• 101 years in Business

• Assisting with Financing options for upgrading security, equipment, machinery

• Connecting to Marketing Resources and service providers

Village of Unadilla

Apple Converting Town of Oneonta

• Established 1980

• Currently have 30 employees

• State-of-the-art facility for packaging

• Packaging Solutions for Multiple Categories

• Pharmaceutical

• Medical Device

• Confectionery

• Food

• Industrial

Town of Hartwick

Hampton Inn in Hartwick

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Close anticipated in August providing:

• Mortgage Recording Tax Waiver

• Sales Tax Exemption

• 10-Year PILOT based on 485B of Tax code

Skylight Hospitalities

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ASATI Planned Expansion Air Structures American Technologies, Inc.

• Assisted ASATI to apply for a $100,000 NYS Empire State Development Grant

• Grant approved

• 30,000-foot expansion

• Added 12 new jobs

Second expansion involving new equipment purchases is currently being worked on by ASATI and Otsego Now.

of Worcester

Town

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Brooks Bottling Expanding

• Helped secure $120,000 NYS Empire State Development Grant

• Now working on CDBG application for an additional $150,000.

• Brooks Bottling Company is planning on acquiring new equipment for potential new customers for 2022-2023

Oneonta

HUB FOR ECONOMIC PROGRESS

Advanced Biotech

Leader in Natural Flavor and Fragrance

Ingredients

Extracts, Essential Oils, Natural Aromatics, Vanilla Extracts, Food Flavoring, Flavor Extracts, Oil Flavoring, Essential Oil flavors, and Fragrance Oils.

• Invests $14 Million to Expand Operations in Otsego County

• Purchased former Medical Coaches manufacturing facility in Milford - 87,348 square foot

• Construction is expected to be completed by end of 2023

• Otsego Now working on CDBG application for an additional $150,000

of Milford

Town

Purchased and Renovate upper two stories

Historic Ford Block building 186 - 212 Main St., Downtown

Oneonta

• Springbrook is an organization providing support and services for people with developmental disabilities

• Receives IDA Benefits in purchase and renovation phases

• The project estimated cost is $8.9 million

• Apartments for young professionals. 22 to 24 units. Market-rate, one- and twobedroom

• Construction expected to be completed by end of 2023.

Oneonta

Otsego Now Teams Up with Ramboll Engineers of Denmark

• Oneonta Railyard Community

• Geo-Thermal Heat Pumps Install

• Ramboll Engineers - a global engineering, architecture and consultancy company founded in Denmark in 1945.

Oneonta Railyard Community

Geo-Thermal Heat Pumps Install

Feasibility Study funded by NYSERDA began spring 2022

Phase I and Phase II of Feasibility Study completed and accepted by NYSERDA (NYSERDA $100,000 grant. Study began Spring 2022).

• Phase III expected to be completed by November 2023.

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Partners

Public-private Partnership

Non-profit Economic Development Organizations

Higher education institutions

Private sector manufacturers

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Senior management of Ioxus and Custom Electronics is committed to

Otsego Now

Continues Digital Marketing Campaigns

•Campaign to do Business in Otsego County

See the Possibilities in Otsego

•Campaign to elevate awareness of Innovation Acceleration Center Launch You Innovative Ideas in Otsego

•Campaign to down state businesses and families. Make Home Here

•Paperkite developed content and messages

•Monthly analysis of views/clicks for Google Ads, LinkedIn, Facebook/Instagram, and Otsego Now’s website otsegonow.com

Town of Richfield

Village of Richfield Springs

Richfield Springs

Eco-Business Park

Otsego Now Tasks

• Final Designs by Keystone Engineers

• Installation of water, sewer, and natural gas

• Bid out in Fall of 2022 with construction slated for August 2023.

• Solicited proposals and hired Barton & Loguidice consulting firm to assist with administering the $1.2 million EDA grant

• Applied to ARC and received another $500,000 in construction funds in April 2023.

• Total Anticipated Funding Awarded to Otsego Now $2,025,000 grant funding

Town of Richfield

Village of Richfield Springs

Richfield Springs

Eco-Business Park

Otsego Now Tasks cont’d

• Updated Wetland Delineation Report by HUNT Engineers Completed.

• Construction Award to Anjo Construction of Latham, NY ($1.7 million)

• Award of Construction Management to HUNT Engineers ($157,373)

• Negotiations between Otsego Now and the Town of Richfield and the Village of Richfield for Water and Sewer Agreements and Ownership.

• Hired Capital Energy Partners to help with NYSE&G gas extension and application to the NYS PSC.

Town of Richfield

Village of Richfield Springs

Richfield Springs Eco-Business Park

TENANTS

• Andela Products

• Ruby Lake Glass

• Sharing a 50,000 square foot building

Solar and Wind Projects

Working with Communities on exemptions from 487 of the NYS Tax Law

Oneonta Municipal Airport

City of Oneonta looking to have IDA operate the Airport on behalf of County of Otsego.

•Serves a significant market niche in Otsego County.

•Closest paved airport to Cooperstown, which is located 20 miles to the north.

•Features one 4,200-ft by 75-foot asphalt runway, 6-24, equipped with lighting and instrument navigational aids, cargo, air taxi and charter services.

Broadband Feasibility Study

Requests Otsego Now Update 2014 Study

• Otsego Electric Cooperative, Inc.

• OEConnect

• Otsego County Chamber of Commerce

��

Manufacturing

Multiplier Effect

• Highest of any sector of U.S. economy

• Every $1.00 spent in manufacturing adds another $2.74 to the economy

• Every worker in manufacturing links to five employees hired elsewhere

Source: NAM calculations using 2018 IMPLAN data

More Manufacturing Impact

Recent research suggests manufacturing’s economy impacts are even greater

•Consider entire manufacturing value chain

•Plus consider manufacturing for the supply chains of other industries

•This approach estimates manufacturing could account for one-third of GDP and employment.

This research estimates a larger total multiplier effect

•Every $1.00 spent in manufacturing adds another $3.60 of value-added output

•Every manufacturing employee generates another 3.4 workers elsewhere

•Even greater when considering entire manufacturing value chain plus manufacturing for supply chains of other industries.

Source: MAPI

More Manufacturing Impact

Wages and Benefits

•In 2021, manufacturing workers in the United States earned $95,990 on average, including pay and benefits.

•Highest percentages of workers who are eligible for employer-provided health

•91% of manufacturing employees were eligible for health insurance benefits in 2022, according to the Kaiser Family Foundation.

Apple Converting / Oneonta, NY

Employment Multipliers

Per 100 Direct Jobs

Employment multipliers per 100 direct jobs, by major private-sector industry group

Durable manufacturing Retail trade 100 Health care and social assistance 100 Arts, entertainment, and recreation 100 Accommodation and food services 100 Retail trade 100 Retail trade 100 289.1 454.9 744.1 46.7 75.4 122.1 53.8 107.4 161.2 123.3 255.2 378.5

Employment multipliers per 100 direct jobs, by major private-sector industry group

Major industry group Direct jobs Supplier jobs* Induced jobs** Total indirect jobs Agriculture, forest, fishing, and hunting 100 93.6 134.8 228.5 Mining 100 224.0 166.0 390.0 Utilities 100 515.4 442.2 957.7 Construction 100 88.0 138.1 226.1 Durable manufacturing 100 289.1 454.9 744.1 Nondurable manufacturing 100 184.8 329.5 514.3 Wholesale trade 100 107.3 128.0 235.3 Retail trade 100 46.7 75.4 122.1 Transportation and warehousing 100 112.8 163.3 276.0 Information 100 252.0 321.1 573.1 Finance and insurance 100 149.7 214.7 364.4 Real estate and rental leasing 100 396.6 483.1 879.7 Professional, scientific, and technical services 100 142.1 276.2 418.3 Management of companies 100 144.4 255.4 399.9 Administrative and support services and waste management 100 45.5 89.1 134.5 Educational services 100 63.8 129.9 193.7 Health care and social assistance 100 69.4 136.2 205.6 Arts, entertainment, and recreation 100 123.3 255.2 378.5 Accommodation and food services 100 53.8 107.4 161.2 Other services (except public administration) 100 70.7 139.6 210.3

Jobs Created and/or Retained 2019 to 2023 Retained New Total Jobs • 394 201 595 • 1970 1,005 2,975 Multiplier

Private Investment 2019 to 2023 Private Investment

Multiplier

$91,339,000 $91 million $250,269,024 $250 million Investment

Jobs Created and/or Retained between 2019 -2023

Company Retained Jobs New Jobs Total Corning 175 27 202 $27,000,000 Custom Electronics 40 50 90 $2,200,000 Cooperstown Distillery 7 14 21 $900,000 Andela Products 19 12 31 $5,000,000 Ioxus (2023) 34 31 65 $2,470,000 Steiners Meats 4 2 6 $50,000 ASATI (2023) 23 12 35 $400,000 ASATI II (2023) $1,000,000 Brooks Bottling (2023) 45 14 59 $887,740 United Auto Supply 0 5 5 $750,000 Apple Converting (2023) 30 0 30 $4,000,000 Advanced Biotech 0 6 6 $14,000,000 Micro-Enterprise - 9 9 $39,000 TS Pink (2023) 17 5 22 NA Skyline Hospitalities (2023) 0 14 14 $20,500,000 Totals 394 201 595 $79,196,740 Job Multiplier 1,970 1005 2975 Housing Projects Units Before New Units Ford Block Rehab. 0 24 $8,892,320 Chestnut Crossings 0 13 $3,250,000 Total Housing 0 37 $12,142,320 Total Private Investment $91,339,060 Investment Multiplier $250,269,024 Potential Sales Tax $7,307,125

Otsego Now

Private Investment