Otsego Now Economic Progress Activities - August 2023

Otsego County August 2023 July 2023

HUB FOR ECONOMIC PROGRESS

July 2023

Program Administer for Otsego County Program Administer for Otsego County

HUB FOR ECONOMIC PROGRESS

• NYS Community Development Block Grant Program (CDBG)

• Microenterprise Funding Progra

• Payment In Lieu of Taxes (PILOT

Otsego County Microenterprise Assistance Grant Program

Program Administer for Otsego County

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

HUB FOR ECONOMIC PROGRESS

• 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

Program Administer for Otsego County

HUB FOR ECONOMIC PROGRESS

Town of Oneonta

Town of Oneonta and Ioxus

NYS Community Development Block Grant Program (CDBG) NYS Office of Homes and Community Renewal HUB FOR ECONOMIC PROGRESS

• $750,000 • Ioxus Planned Production Line Expansion • Retain 18 jobs • Add 31 New jobs

Town of Oneonta

Ioxus Voucher 1

NYS Office of Homes and Community Renewal HUB FOR ECONOMIC PROGRESS

• 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.

Customs for above item (2 of 2 shipments) 3000F GEN2 CX CAN ACR60130PA Non-Mach Freight for V4639 above, and V4638 below Expenditure Description 3000F GEN2 CX CAN ACR60130PA Non-Mach Freight for V4699 delivery only; Freight for V4638 is listed above for V4639 FedEx Freight V4621

Automated Laser Welding System P21127D

FedEx Neuman Aluminum FedEx Freight Vendor Name Neuman Aluminum Priority 1 Adaptek Systems

7/28/2022 V4542 CC WP # 478 8/28/2022 V4639 CK # 1737 8/3/2022 V4621 CK #1713 Date Paid/Payable Check/Invoice/PO 9/15/2022 V4638 and V4699 WP # 949 8/18/2022 V4705 WP # 950 10/12/2022 PO # 00167539

79.34

31.74

Total 21,001.48 8,400.59 Payment/Project 1,236.34 Expense 3,090.84 CDBG Funds Expended 33,924.13 13,569.65 861.11 344.44 $ 154,710.75 $ 61,884.30

Freight for above item YP-50 ACTIVATED CARBON YP-50 ACTIVATED CARBON TF4035 1200F Slitt (55mm) Freight Separator, for above item Customsfor Freight handling above item for above item Custom Fees/Tarrifs duties for above item YP-50 ACTIVATED CARBON Passive PCBA,18 Freight for aboveCell,3-Layer,X-Ser item uSTART PCB Assembly with item Harness Custom V5 Fees/Tarrifs for above Freight for above item Al Ø60 IR CX Terminal w/Volt tap and GEN2 Ø60 2-Part Welded Collector Alternative for UCC21222QDRQ1 Freight for above item Customfor Freight Fees/Tarrifs above item for above item

Epoxies, Etc Priority 1 Calgon Carbon Calgon Carbon CBC America Priority 1 Mainfreight FedEx US CBP FedEx Calgon Carbon Ansen FedEx Corp Ansen FedEx Corp FedEx Zheijiang ZZ Electric Co Mouser Mainfreight US CBP UPS

8/25/2022 V4599 WP # 927 7/29/2022 V4658 10/31/2022 V4817 WP #917 # 1003 9/29/2022 V4818 WP # 969 8/25/2022 V4545 926 10/14/2022 V4873 WP # #984 9/22/2022 V4551 8/11/2022 V4781 CC CK#WP 1769 # 495 9/19/2022 8/4/2022 V4552 V4780CC WPWP # 957 # 484 10/27/2022 V4855 WP# 1000 7/21/2022 V4451 10/18/2022 V4871 WP #893 # 986 9/7/2022 V4702 10/14/2022 V4851 WP # 932 982 8/11/2022 V4603 CC WP # 495 6/30/2022 V4554 WP # 870 9/29/2022 8/4/2022 V4768 V4562 CK # 1781 1717 7/26/2022 V4796 9/15/2022 V4528 WP # 946 895

15,881.75 352.94 62,208.00 62,208.00 8,382.00 4,810.00 1,672.51 330.00 3,279.23 41.04 11,664.00 4,909.34 6,542.73 10,211.70 612.28 13.16 32,042.00 4,150.00 4,325.00 8,161.54 63.03

6,352.70 141.18 24,883.20 24,883.20 3,352.80 1,924.00 132.00 669.00 1,311.69 16.42 4,665.60 1,963.74 2,617.09 4,084.68 244.91 5.26 12,816.80 1,660.00 1,730.00 3,264.62 25.21

19218-082L PCBA BS BINDER BM-400B Freight for above item (1 of 2 shipments) Freight Al PCBAfor Cover above Plate, item 3-Layer, (2 of 2 shipments) X-Series Customs for above item (1 of 2 shipments) Inductor, uSTART XZM-T50002-02 Customs for aboveV5, item (2 of 2 shipments)

Circuit hub Zeon Chemicals Inc. FedEx FedEx FedEx Zettler FedEx Magnetics

7/14/2022 # 501 8/4/2022 V4698 V4523 CCWP WP # 911 8/4/2022 V4519 CCWP # 484 10/27/2022 7/14/2022 V5067 V4485 unpaid CK # 1693 invoice # 319816; due 11/27/2022 7/28/2022 V4541 CC WP # 478 10/31/2022 7/28/2022 V5107 V4542 unpaid CC WP #invoice 478 # 278981; due 11/30/2022

5,273.07 46,800.00 3,571.39 21,919.04 2,439.77 113.01 12,790.00 79.34

2,109.23 18,720.00 1,428.56 8,767.62 975.91 45.20 5,116.00 31.74

4-100 PCT-21KS 3000F GEN2 CX CAN Activated ACR60130PA Carbon Non-Mach 4-116 20for CBV4639 Etchedabove, Aluminum Foil below Freight and V4638 4-229 2 Winding Core Non-Mach 3000F 3000F GEN2 Gen CX CAN ACR60130PA 4-439 for LT V4699 Gen2delivery CX Blank 060 Roll Freight only;Sleeve Freight for V4638 is listed above for V4639 FedEx Freight V4621

ES Tech Aluminum Neuman FedEx Freight Neuman Aluminum Priority 1

11/7/2022 PO 8/28/2022 V4639 # P00167579 CK # 1737Invoice # ES22110801 unpaid 8/3/2022 V4621 CK #1713 9/15/2022 V4638 and V4699 WP # 949 8/18/2022 V4705 WP # 950

165,778.00 21,001.48 3,090.84 33,924.13 861.11

66,311.20 8,400.59 1,236.34 13,569.65 344.44

4-360 3000F Gen 2RESI CT N, Can ACR60130PA W/holes POTTING MATERIAL, 50-2369RFRGR a nd POTTING MATERIAL, CATALYST, 50-2369CFRTR Freight for above item 4-351 Gen 2 060 2 Part Welded Collector 4-497 060 IR CX 1200F Termianl tap TF4035ALSeparator, Slittw/Volt (55mm) Freight 4-496 ALfor 060 above IR CTitem Terminal w/Screw holes Custom Fees/Tarrifs for above item

Neuman Aluminum Impact Epoxies, Etc Priority 1 Zheijiang ZZ Electric Co CBC America FedEx FedEx

10/21/2022 # PO167557 8/25/2022 PO V4599 WP # 927not paid yet 7/29/2022 V4658 WP #917 10/21/2022 PO # PO00167555 not paid yet 8/25/2022 V4545 WP # 926 8/11/2022 V4551 CC WP # 495 8/4/2022 V4552 CC WP # 484

29,500.00 15,881.75 352.94 50,750.00 8,382.00 1,672.51 41.04

Passive PCBA,18 Cell,3-Layer,X-Ser uSTART V5 PCB Assembly with Harness Freight for above item

Ansen Corp Ansen Corp FedEx

7/21/2022 TOTALS V4451 WP #893 9/7/2022 V4702 WP # 932 8/11/2022 V4603 CC WP # 495

11,800.00 6,352.70 141.18 20,300.00 3,352.80 669.00 16.42 317,784.87 1,963.74 4,084.68 5.26

POTTING MATERIAL, RESI N, 50-2369RFRGR a nd POTTING MATERIAL, CATALYST, 50-2369CFRTR

$

794,462.18 4,909.34 $ 10,211.70 13.16

HUB FOR ECONOMIC PROGRESS 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

Town of Oneonta

tsPink SOAP ROCKS

• 17 employees, currently in off-season HUB FOR ECONOMIC PROGRESS

• Assisting with New Financing to Update Equipment • Bridging to Marketing Resources for launching new sales strategy and marketing campaign

Village of Unadilla

York Modern • 15 employees, seasonal production

HUB FOR ECONOMIC PROGRESS

• 101 years in Business • Assisting with Financing options for upgrading security, equipment, machinery • Connecting to Marketing Resources and service providers

Town of Oneonta

Apple Converting • 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

Skylight Hospitalities

HUB FOR ECONOMIC PROGRESS

Close anticipated in August providing: • Mortgage Recording Tax Waiver • Sales Tax Exemption • 10-Year PILOT based on 485B of Tax code

Town of Worcester

ASATI Planned Expansion

Air Structures American Technologies, Inc.

HUB FOR ECONOMIC PROGRESS

• 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.

Oneonta

HUB FOR ECONOMIC PROGRESS

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

Town of Milford

Advanced Biotech Leader in Natural Flavor and Fragrance Ingredients

HUB FOR ECONOMIC PROGRESS

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

Oneonta 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.

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.

HUB FOR ECONOMIC PROGRESS

•Expand Advanced Manufacturing Cluster.

•Serving Businesses.

•Improving Businesses.

•Creating Businesses in Otsego County.

Partners Public-private Partnership

Higher education institutions

Non-profit Economic Development Organizations

Private sector manufacturers

SUNY Oneonta Hartwick College

Expand advanced manufacturing cluster.

HUB FOR ECONOMIC PROGRESS

•Hub for promising innovations and entrepreneurs reliant on manufacturing •Otsego Now received $150,000 grant fall 2022 •Establish center with a full-time director, equipment and marketing budget.

HUB FOR ECONOMIC PROGRESS

•Progress their designing, evaluating, and prototyping for manufacturing in an efficient, speedy manner.

•Senior management of Ioxus and Custom Electronics is committed to growing manufacturing in Otsego County •Bridging entrepreneurs to their resources, advice and critiques to allow them to reach their next milestone

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

Apple Converting / Oneonta, NY

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

Employment Multipliers Per100 100direct Direct Employment multipliers per jobs,Jobs by major private-sector industry group M ajor ind ustry group

Direct jobs

Supplier jobs*

Induced jobs**

Total indirect jobs

A gric ulture, forest, fishing, an d hunting

100

93.6

134.8

228.5

Mining

100

224.0

166.0

390.0

515.4

454.9

442.2

744.1

Utilities Durable manufacturing 100 Health and social Retailassistance trade Retailcare trade Arts, entertainment, andRetail recreation trade

Accommodation and food services

289.1

957.7

46.7 100 75.4

122.1 100 100

123.3 100255.2

378.5

53.8 100107.4

161.2

100

Employment multipliers per 100 direct jobs, by major private-sector industry group M ajor in dustry group

Direct jobs

Supplier jobs*

Induced jobs**

Total indirect jobs

A griculture, forest, fishin g, a nd 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

13 8 .1

226.1

Durable manufacturing

100

289.1

454.9

744.1

Nondurable manufacturing

100

184.8

329.5

514.3

W hole sale trade

100

107.3

128.0

235.3

Retail trade

100

46.7

75.4

12 2 .1

Transportation and warehousing

100

11 2 .8

163.3

276.0

Information

100

252.0

32 1 .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

Profes sion al, scie ntific, a nd tec hnical services

100

14 2 .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

Ed uca tion al 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

16 1 .2

Other services (except public administration)

100

70.7

139.6

210.3

Jobs Created and/or Retained 2019 to 2023 Retained • 394 Multiplier

• 1970

New Total Jobs 201

595 1,005

2,975

Private Investment 2019 to 2023 Private Investment $91,339,000

$91 million

$250,269,024

$250 million

Investment Multiplier

Otsego Now Jobs Created and/or Retained between 2019 -2023 Company

Private Investment

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

Brooks Bottling (2023)

45

14

59

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 $79,196,740

ASATI II (2023)

$1,000,000 $887,740

Totals

394

201

595

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

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

• Payment In Lieu of Taxes (PILOT)

July 2023

PILOT Program on Behalf of Otsego County • Corning Phase I Expansion • Cooperstown Center • Advanced Bio-Tech • Springbrook’s “The Ford on Main”

July 2023

• ZAED Properties (Chestnut Crossings) • Corning Phase III Expansion (Project Geode) • Hampton Inn in Hartwick

County of Otsego Industrial Development Agency

HUB FOR ECONOMIC PROGRESS

August 2023