Advance Saratoga Success - Here We Grow Again! · remain key ingredients to success. To stay proactive in driving innovation and opportunity, we are excited to preview 2017 initiatives

28 Clinton St., Saratoga Springs, NY 12866 | 518.587.0945 | www.saratogaedc.com

Advance Saratoga Success - Here We Grow Again!In 2016 Saratoga Economic Development Corporation (SEDC) re-dedicated itself to its honored legacy that stimulated over $15 billion in investment and 9,460 jobs by launching a focused pathway to Advance Saratoga over the next five years. This initiative set ambitious goals to attract over $15 Billion of new investment and 10,000 new and retained jobs through 2020.

In the past four years through 2016, SEDC has stimulated over $2.4 billion of new investment generating nearly 2,000 new & retained jobs & $71 million in payroll. 2016 efforts alone produced $51 million of new investment that will lead to 627 jobs. These jobs will add over $23 million of annual household income in area communities.

Goals for growth

1. Aggressively sell Saratoga County’s world-class assets with engaging targeted marketing campaign.

2. Accelerate our strategic sector targeted job creation and retention program to generate the highest possible return on investment.

3. Build and strengthen Saratoga County’s capacity to expand economic opportunity.

Quick click to what’s inside:

A Word From Our President

2016 - Progress Delivered

2017 - Sneak Preview & Dates Worth Saving

Get Engaged - Advisory Teams

Our Board Members

Invest In Your Future

SEDC is proudly 100% community investor funded and led. We operate at the speed of business to drive strategic investment generating job growth. Like what you see? Please consider SEDC for year-end 501(c)3 deductible contributions here. Don’t hesitate to contact us to discuss ways SEDC & its investor members can help your business thrive in 2017!

https://saratogaedc.com/about-sedc/advance-saratoga

https://saratogaedc.com/

https://saratogaedc.com/contact-us

https://saratogaedc.com/our-investors/invest


A Word From Our President

It’s hard to recall a year with as many twists, turns and unexpected news as 2016. Amid the external turmoil,SEDC has remained a constant, steady hand focused on delivering tangible value. Our results stimulated business investment generating job and wage growth that supports our communities and region.

Saratoga is really a special place. “World-class” is not a stretch given the significant foreign direct investment already attracted. It is a label we hear repeatedly from reputable business, investment, site development and academic leaders. This moniker makes us the envy of upstate New York and was a driving goal of SEDC over its 38-year legacy. With it comes an expectation for continued success to sustain our quality of life. It also comeswith old and new challenges to rise to the global competitive level and generate dynamic investment that createsbetter jobs for those left behind and for future generations. Workforce skills and capacity for truly shovel-readysites present opportunities to be met, as does investing in innovators through accessible support networks andcollaborative spaces that will retain and attract talent.

SEDC set its ambitious course to Advance Saratoga through 2020 with input from our community based investors and expert analysis of the economic drivers of the future. We are pleased to report here on progressmade in 2016. We have seen advanced manufacturers like AgroChem expand here, helped generate key supplychain growth for our semiconductor industry through PeroxyChem’s investment in its plant, realized job retentionsupporting local small and mid-sized businesses and helped land corporate headquarters with operations ofArnoff & SKS locating to Saratoga county. Our investor members and the incentives granted by our long-time community partners at the Saratoga County IDA, supporting its job and development mission,remain key ingredients to success.

To stay proactive in driving innovation and opportunity, we are excited to preview 2017 initiatives. Our agenda will not just benefit from, but needs, engagement. Lookout for ways to support robust job growth by leveragingour collective world-class expertise as a network boosting talented entrepreneurs. This innovative culture will solidify our competitive appeal. Emerging companies offer the most dynamic job and wage generation potential.Advisory roles from investor members will boost SEDC’s capacity to deliver this and other Advance Saratoga initiatives. Investment PLUS engagement will position your business to support our regional growth expandingbusiness opportunities.

SEDC is re-dedicated and energized to drive value to our investor members, community partners and Saratoga’sregion at large. Thank you for your input and sustained involvement. Please accept my seasons greetings for ahappy and healthy 2017 for all!

Faithfully,

Dennis A. Brobston




SEDC 2016 Progress Delivered

Advance Saratoga Strategic Goal:

Aggressively sell Saratoga County’s world-class assets

John DeMarco, (right) founded AgroChem to provideproducts for the dairy industry. His son, Robert, (left) is company president. The firm recently moved intonew facilities at Grande Industrial Park.

14 Fairchild Square 2,275,000 15 0 900,000

JW Danforth 3,600,000 147 73 11,025,000

Coretech 2,250,000 17 21 1,360,000

AgroChem 4,916,000 5 23 175,000

Ace Hardware 4,200,000 0 0 0

Arnoff Logistics 11,580,000 107 0 5,235,500

Stewart's EIP 346,200 0 0 0

King Dairy USDA 1,520,000 5 15 125,000

SKS Bottling & Packaging 16,000,000 120 0 3,900,000

Stone Bridge Iron & Steel, Inc. 4,550,000 10 69 430,000

Totals $51,237,200 426 201 $23,150,500

Project Name NewPayroll

RetainedJobs

New Jobs Investment

2016 Project Totals - Jobs & Investment




Optimized Content & Tools for Site Selection, Development & Investment

SEDC conducted a targeted site selector interview series to improve its recognition of key considerations and evaluation criteria for targeted industry experts to recommend locations for major project investment. Its findings validated and improved understanding of helpful tools andmethods to present key information.

Findings led directly to the Site Evaluation Engine (SEE Saratoga) development and deployment via SEDC’s enhanced website. Thanks to community partnership by National Grid, we were able to launch SEE as a powerful, unique to the region web-based site and demographicevaluation tool. Via collaboration with key community partners and investorsNew York State Electric & Gas (NYSEG) and Interactive Media Consulting, LLC, SEDC optimized the content and functionality of ourwebsite for target sector businesses and investors across search, mobileand traditional display platforms.


Accelerate our strategic sector targeted job creation

Saratoga remains a strategic asset for distribution, supply chain support of the semiconductor industry and to retain growth from home grown small businesses or attract corporate headquarters. SEDC is dedicated to solidifying investment and job creation in these areas to seize economic opportunity for our communities and households.

SEDC Investor Open House Series LaunchedAn evening at Grande Industrial ParkSpotlighting SEDC project firms’ investments & growth.

Thank you to Saratoga Eagle Sales & Service for hostingand Leonard Bus for their transportation around Grande.

‘‘SEDC was responsive toour needs and steppedin to identify and pursuegrant support towardour expansion andhelped work through our energy utility connectionto get us online.

Jeff King, Co-Owner, King Brothers Dairy

‘‘

Michael Munter, Vice President, Munter Enterprises

Dennis Brobston, President, Saratoga Economic Development Corporation

http://www.kingbrothersdairy.com/

http://www.saratogaeagle.com/

http://www.leonardbus.com/



Driving Opportunities For Local Growth: An Innovation Platform Centered around Entrepreneurs’ Needed Resources

SEDC has prioritized stimulating the entrepreneurial culture that can benefitfrom the world-class talent in our communities. As evidenced by our friendsat Upstate Venture Connect and their 2016 Upstate Venture CEO Report,it’s the most direct way to support dynamic job creation due to the growthof young companies. That supports attracting and retaining a world classtalent pool and eventually yields more corporate headquarters locally.

That’s why SEDC is launching an innovation platform supported by the Clarkson University Shipley Center for Innovation & Entrepreneurship. It will feature key advisory support across all facets of enterprise from qualified local professionals, capital resource networks,engage regional students, higher ed, schools and other incubators to further inspire startup enterprise and provide support for local entrepreneurs.

“We evaluated options to deploy our innovation capabilities in the Capitalregion and are pleased to say wefound a dynamic partner ready toact in SEDC. Saratoga is a world-class destination with the lifestyleand talent pool to attract and retainpeople. We are excited to support innovative thinkers collaborate with talent to evaluate and help drive their pursuits. Clarkson’s alumni and our team at the Shipley Center for Innovation & Entrepreneurship know innovators’ thinking not only sparks new growth enterprises, but develops visionary talent to established companies needing to sustain future growth. Clarkson’s capacity to help deepen the entrepreneurial culture is a win-win proposition for the greater Capital Region to be more globally competitive.”

– Tony Collins, President, Clarkson University

‘‘‘‘

Saratoga has so much tooffer young professionals in terms of lifestyle and a culture of people willing tostep up and support causesgreater than themselves. But it still has challenges tohelping those of us strugglingwith real business hurdles to remain here. SEDC has spentthe time to understand that and is building the advisory platform with us to help. I’m excited to work with SEDC and its advisory network to help those of us looking to create new businesses, retain talent right here in our community, and continueto build upon the already successful startup scene that has developed here organically over the last few years.”

– Chris Thompson, Founder & CEO, WorkOrder.es

Ryan Van Amburgh, Economic DevelopmentSpecialist at SEDC and President Tony Collins

of Clarkson University




Build and strengthen Saratoga County’s capacity

Energy Demand Analysis with National Grid initiated to better understanddemand forecasts, capacity needed for the region to better plan for future growth.

“Energy costs are a big segment of our operating budget,” said Dan Frankowski, Plant Manager of Quad/Graphic’s Saratoga Springs manufacturing plant. “It is important to understand significant growth could affect our availability and pricing in the future. We support SEDC as they engage the local communities to find out possible impacts due to changes in the region’s load.”

SEDC’s Energy Survey has been covered by the Albany BusinessReview, Times Union, and The Saratogian.

Energy & Economic Development Roundtable SeriesTo better understand current and future energy needs, NationalGrid and SEDC met with local manufacturers and other large companies in the county. This allowed National Grid a first-handlook at challenges and any barriers for growth. In addition, it introduced and reinforced the local National Grid team.

Manufacturing & Export Roundtable SeriesAs part of SEDC’s Advance Saratoga Initiative to help drive business growth and jobs, SEDC is intensifying our business retention strategy by connecting manufacturers with valuable resources to generate the highest possible return on investment. SEDC further identified building the capacity for local business to export products and services as a priority.

SEDC developed a unique opportunity for local businesses to access financial and professional resources from key partners, Global NYand FuzeHub.

Quad Graphics

National Grid Round Table

Global NY/FuzeHub Seminar

http://www.saratogian.com/environment-and-nature/20161218/sedc-conducting-energy-assessment

http://www.timesunion.com/news/article/Energy-costs-major-worry-in-Saratoga-County-10790379.php

http://www.bizjournals.com/albany/news/2016/12/09/how-much-power-are-hospitals-schools-and.html

http://www.bizjournals.com/albany/news/2016/12/09/how-much-power-are-hospitals-schools-and.html



Sneak Preview of 2017SEDC will focus through our Advance Saratoga strategies on Attracting & Retaining Jobs & Investment. In specific, we will demonstrate value to current and new investor members and our community partners by:

• Helping access external funding and incentives to support private capital investment,

• Targeting premier site selectors to feature ready capacity for advanced mfg, distribution and supply chain development,

• Identifying opportunities through strategic investors to boost site and energy capacity,

• Partnering with Clarkson University’s Shipley Center for Innovation & Entrepreneurship and other engaged experts and strategic investor members to launch the reach of an innovation and entrepreneurship accelerator that will boost job & wage opportunities from emerging businesses,

• Supporting enhanced collaborative learning and project-based maker-space in desirable live/work/play settings,

• Developing workforce and business skills training programs to enhance capacity for business revenue growth.

Workforce skills enhancement,emerging company development andcapacity for attracting targeted sectorbusinesses are the primary means torealize near to mid-term dynamic joband wage growth. The culture to at-tract and retain talented innovatorsand problem-solvers will boost futurejob and wage opportunities not onlyin locally developed emerging companies, but to support the professional talent pool enabling existing corporations to reinvest andexpand here. Talent is drawn by othertalent, a quality, desirable work/live/play environment and a ready network of business professionalservices to realize capital, workforceand expansion capacity. With keyinvestment and advisory team engagement from our investors,SEDC is poised to enhance Saratogaand the greater Capital Region’sfuture opportunities.





Dates Worth SavingInvestor & Member - Wide Report & 2017 PreviewJanuary 25th • 5:30pm

SEE Tool Web TrainingJanuary 11th • 9amJanuary 12th • 1pmJanuary 18th • 3pmJanuary 19th • 9am Registration will open soon!

SEDC’s Annual DinnerMay 4th at The Canfield Casino

SEDC Board Members

The SEDC Board of Directors, comprised of business leaders from the private sector, has fiduciary responsibility for day-to-day operations and its purpose is to providestrategic direction and stakeholder alignment. The Board of Directors help secure thebuy-in at all levels of investors and becomes an extension of the organization itself.

Kimberly Finnigan, Esq.GlobalFoundries U.S.

John MunterMunter Enterprises

Steve von SchenkAdirondack Trust Company

Todd ShimkusSaratoga County Chamber of Commerce

Get Engaged -AdvisoryTeamsSEDC will be structuring key

advisory teams of area leaders

to support our Advance

Saratoga strategic initiatives

in a meaningful way. Please be

on the lookout for requests to

engage with us to drive more

success and growth in 2017

and beyond. Don’t hesitate to

email Ryan Van Amburgh at

[email protected]

or call 518.587.0945 with ideas

or if you want to designate time

to help drive our initiatives.

Tom Longe, ChairmanD.A. Collins Construction Co

Cindy Hollowood, Vice ChairHoliday Inn, Saratoga Springs

Steve Seaboyer, Sec./Treas.Business Operations Consultant

Angelo CalboneSaratoga Hospital

Dr. Joseph DragoneBallston Spa Central School District

2017 New Additions to the Board

Doug FordCurtis Lumber

Tom SamascottMalta Development Co., Inc.


Documents

Advance Saratoga Success - Here We Grow Again! · remain key ingredients to success. To stay proactive in driving innovation and opportunity, we are excited to preview 2017 initiatives