FOR INFORMATION DATE: December 22, 2017 TO: The Directors · 4 I. The 2016 Annual Jobs Report on ESD’s Loan and Grant Programs This report details the performance of ESD’s loan

FOR INFORMATION

DATE: December 22, 2017

TO: The Directors

FROM: Howard Zemsky

SUBJECT: 2016 Annual Jobs Report on ESD’s Loan and Grant Programs

Executive Summary

The 2016 Annual Jobs Report on ESD’s Loan and Grant Programs details the performance of Empire

State Development’s (ESD) loan and grant programs with job growth and retention goals. In calendar

year 2016, ESD’s loan and grant programs achieved an overall employment compliance rate of 88%.

This performance is marginally lower than the 2015 compliance rate of 91% and it is consistent with

recent rates, which have significantly improved since 2009.

For the year ending December 31, 2016, there were 213 active projects subject to employment

stipulations and funded with $246.6 million from various New York State investment sources. There

were 188 projects (88%) that were in compliance with the employment requirements and 25 non-

compliant projects (12%). These non-compliant companies were subject to an extensive employment

review process, which included negotiations to resolve the default. They have either repaid a portion of

their grant, had their job commitment terms extended, or have agreed to pay a higher interest rate on

their loan.

The 213 active projects have created 15,533 net new jobs in New York State since they first received

financial assistance, increasing their total employment from 42,256 to 57,789 jobs. The average cost

per job created/retained is approximately $4,267.

ESD’s loan portfolio has an outstanding balance of $114.2 million, with 64 active loans and a

performing-loans rate of 100%.

2

2016 ANNUAL JOBS REPORT

ON ESD LOAN AND GRANT PROGRAMS

3

TABLE OF CONTENTS

Page

I. The 2016 Annual Jobs Report on ESD’s Loan and Grant Programs 4

a) Executive Summary 4

b) The Reporting and Recommendation Process 4

c) The Workout Committee 5

d) 2016 Employment Results 6

e) 2016 Grant Recaptures 6

f) 2015 and 2016 Employment Comparison 7

g) 2015 Recapture Results 7

II. WTC Job Creation and Retention Grants Program (Federal Funding) 8

III. Status of ESD’s Loan Portfolio 9

a) Overview 9

b) Recent Activity 9

Attachments

IA. General ESD Projects

IB. Special Technology Projects

II. Region Performance

III. World Trade Center Projects

4

I. The 2016 Annual Jobs Report on ESD’s Loan and Grant Programs

This report details the performance of ESD’s loan and grant programs related to job growth and

retention for the 2016 calendar year.1 Compliance with the employment requirements of the various

ESD loan and grant programs was 88% in 2016, which is slightly lower than the 91% compliance in

2015 and is still considerably strong. Compliance rates have shown an upward trend since 2009 due to

an improving New York State economy. In addition, the enhanced grant and loan disbursement policies

of ESD’s Loans & Grants and Project Finance Departments continue to help minimize ESD’s risk and

exposure to project defaults.

a) Executive Summary

The following are the key findings of the 213 active projects in the 2016 ESD commercial

portfolio:

There were 188 projects (88%) in compliance with their employment requirements (See

Attachment IA).

There were 25 projects (12%) that did not meet their employment requirements. These projects

often lost major contracts, some of which were government-related, or were participating in

industries with high volatility, such as Energy and Aerospace. ESD applied monetary penalties

to 13 non-compliant projects, six of which had previously negotiated workout agreements. ESD

also extended the terms of eight grant agreements, increased the interest rates on two loan

projects and waived the penalty on another. In addition, one project had a loan that the borrower

paid off before any penalty was applied.

Firms that received ESD financial assistance created approximately 15,533 net new jobs in New

York State, with their total employment increasing from 42,256 to 57,789 jobs.

The New York City, Long Island and Central regions had the best performing projects with

100% employment compliance rates (See Attachment II).

b) Reporting and Recommendation Process

Each company with job goals must report its quarterly employment levels for the previous year

by February 1. Companies that fall short of their annual employment goals are sent a letter by ESD

in mid-March notifying them of the default. This ESD letter provides the company with an

opportunity to explain any extenuating circumstances that may have prevented the company from

meeting its employment goals.

1 All totals and statistics exclude 15 large-scale projects that were either funded by legislative appropriations or funds

disbursed to not-for-profit entities for the benefit of multiple business organizations throughout New York State. (See

Attachment IB)

5

ESD Portfolio Management team members are assigned defaulted projects by geographic region

for a formal review, which includes:

Requesting a letter from the company explaining any extenuating circumstances;

Requesting and reviewing the company’s financial statements;

Working with the ESD’s local representatives in the region where the company is located;

Discussing the employment and business climate with the company to gain perspective on the

company’s current situation and to develop a better understanding of these circumstances going

forward;

Completing an analysis of the project; and

Making recommendations to ESD’s Workout Committee.

c) The ESD Workout Committee

The ESD Workout Committee (the “Committee”) includes the Chief Financial Officer,

Executive Vice President & General Counsel, Controller, Senior Vice President of Economic

Incentives, and Vice President of Capital Projects. The Committee evaluates the causes of the

project default and applies one of several existing penalty options, which include:

Maximum Penalty - The grantee is required to pay the maximum penalty as stipulated in the

grantee’s Grant Disbursement Agreement (“GDA”). In contemplating a maximum penalty,

ESD considers company actions to move jobs out of New York State, job declines below initial

levels, no clear defense or mitigating circumstances, lack of cooperation, and company

profitability.

Negotiated Penalty - The grantee is required to pay an amount less than the maximum penalty

stipulated in the GDA. Factors evaluated include the company’s ability to pay, feasibility of

collection and the operating status of company. A negotiated settlement generally is approved in

conjunction with the termination of the GDA.

Pro-Rata Penalty - The grantee is required to pay an amount less than the maximum penalty

under the GDA, which is calculated based on the amount of the employment shortfall relative to

the required employment level. Once the penalty has been paid, the grantee’s future

employment target is lowered to reflect the number last reported or a higher figure. This penalty

is most often applied in cases where circumstances causing the deficiency are beyond the

company’s control, such as industrywide economic deterioration, foreign competition, or loss of

major clients, and are unlikely to be resolved in the foreseeable future.

Extend and Freeze - This penalty extends the term of a grantee’s GDA for one year and freezes

the percentage of the grant ESD can recapture at the current level during the extension period.

Determinative factors include the company’s ability to reach its goals, economic climate and

past history.

Multi-Year Extension (“MYE”) – This penalty option was established in 2009 to address the

lasting effects of the severe recession on New York businesses. This option provides for an

extension of the GDA term for up to three years and a reduction in the grantee’s job target to the

6

level last reported or to the level at the time of the decision. The option may be recommended

by the staff at its discretion and grantees qualify for the option only if they meet three of the

following four specific criteria: (1) whether a grantee was in a distressed industry, (2) grantee

had experienced a significant drop in sales, (3) grantee was located in a depressed region, and/or

(4) grantee had unattainable employment goals.

Penalty Waiver - Due to extenuating circumstances, the Committee decides to waive all

penalties for the current reporting year only. Factors include missing jobs by a small percentage,

past history, and number of years remaining. A Fractional Waiver is offered to companies that

are short of their respective compliance levels by less than one job.

Loan Interest Rate Adjustment - If a borrower fails to achieve its employment target within a

specified period, the interest rate on the loan may be increased to a default rate set forth in the

Loan Agreement, which is usually the prime rate +2%. If the borrower subsequently achieves its

employment target, the interest rate is reduced to its original level.

d) 2016 Employment Results

In 2016, 188 projects (88%) were in compliance with their employment goals and 25 projects

(12%) were not in compliance. Following due diligence, ESD staff made penalty recommendations

to the Committee, resulting in the following penalties:

PENALTIES 2015 PROJECTS PERCENTAGE

Maximum 1 4%

Pro-Rata 12 48%

Extend & Freeze 8 32%

Loan Interest Rate

Adjustment 2 8%

Waived 1 4%

Other 1 4%

Total 25 100%

e) 2016 Grant Recaptures

After reviewing ESD staff recommendations and supporting documentation, the Committee

decided to apply maximum recapture on one project and assessed pro-rata penalties for 12 projects,

including six projects that were subject to previously negotiated workouts.

The maximum recapture penalty applied was $1.5 million and the pro-rata penalty amounts

ranged from $16,818 to $1.5 million.

ESD is seeking a total repayment of about $3.5 million from the entities that did not meet their

2016 job goals. ESD has recaptured approximately $48 million of its grants since 2001.

7

f) 2016 and 2015 Employment Comparison

Based on the 2016 employment data, most loan and grant projects with ESD’s financial

assistance continue to meet or exceed their stated employment goals. The project employment

compliance rate was 88% and 91% in 2016 and 2015, respectively. The increased compliance rates

as compared to prior years are attributable to the stabilization of the State economy, the Loans and

Grants Department’s multiple grant disbursement policy, and the application of the pro-rata penalty.

The following highlights the 2016 and 2015 comparative results:

he Committee assessed monetary penalties on 13 projects in 2016, or 52% of those in

default, compared to 42% in 2015.

Extensions were granted for eight projects or 32% in 2016, compared to 37% in 2015.

The Committee waived the penalty for one project in both 2016 and 2015.

In 2016 ESD loan interest rates were increased to the Default Rate defined in their

respective loan agreements for two projects, compared to three projects in 2015.

PENALTIES 2015

PROJECTS PERCENTAGE

2016

PROJECTS PERCENTAGE

Maximum 1 5% 1 4%

Negotiated 0 0% 0 0%

Pro-Rata 7 37% 12 48%

Extend and Freeze 7 37% 8 32%

Waive 1 5% 1 4%

Loan Interest Rate

Adjustment 3 16% 2 8%

Other 0 0% 1 4%

Total 19 100% 25 100%

g) 2015 Recapture Results

In 2015 the Committee approved the recapture of nearly $2.0 million of disbursed grant funds,

100% of which has been recovered.

8

II. World Trade Center Job Creation and Retention Grants Program (Federal Funding)

Through the World Trade Center Job Creation & Retention Program (“JCRP” or the

“Program”), ESD offers grants to firms committing to maintain, create or attract at least 200 jobs in

lower Manhattan. Many of these businesses experienced a disruption of operations as a result of the

events of September 11, 2001. The US Department of Housing and Urban Development (“HUD”)

provided $320 million in funding for the Program, which was used to fund 93 grant projects.

Each JCRP grant recipient must sign a GDA that requires the retention

and/or creation of a specific number of jobs for a specified number of years, ranging from seven to 15

years. Given this timeline, most of these project grants have now expired. To ensure compliance, ESD

follows the monitoring and workout process for ESD grant defaults, as outlined above.

Since their initial receipt of financial assistance, the 10 companies with active JCRP grants have

created a net total of 2,328 new jobs, with total employment increasing from 10,989 to 13,317 jobs.

HUD’s investment in these 10 active projects totaled $45.1 million and the average cost per job created

or retained is $3,387.

For 2016, each of the 10 projects was compliant with its employment goals. (See Attachment III)

9

III. Status of ESD’s Loan Portfolio

a) Overview

ESD staff is responsible for monitoring project employment requirements, loan modifications

and workouts on ESD’s loan portfolio.2

Currently, ESD’s loan portfolio includes 64 loans totaling $114.2 million. By ESD’s standards,

loans are considered delinquent when payments are more than 60 days in arrears. ESD’s loan portfolio

currently has no delinquencies. This is in comparison to a delinquency rate of 1% in the 2015 report.

This decrease in the loan delinquency rate is consistent with the recent trend of delinquencies declining

significantly as a result of ESD’s improved Loan Servicing policies and the transition to automated

electronic loan payments.

b) Recent Activity

In 2016, ESD has closed five new loans with total disbursements of $21.2 million. In addition, nine

loans totaling $4.8 million were fully repaid in 2016. Three loans totaling $1.2 million were fully

written off by ESD in 2016.

2 ESD is also responsible for the administration of The New York Job Development Authority’s (JDA) loan portfolio. That

data is not reflected in this report given that JDA reports to an independent Board of Directors.

Project Name Proj#Funding

SourceType Closing Total Investment

Initial

JobsJobs 2015 Jobs 2016

Diff

15/16

Jobs

Required

Diff

Required/16

Jobs

Retained

Jobs

Created

Jobs

LostRegion Compliance

5 Bay Street Subordinate Leverage Lender LLC AA156 ED-Fund L 1/19/2016 15,000,000.00$ - - - - - - - - - MIDHUD In Compliance

5 Bay Street, LLC Y774 ED-Fund L 1/29/2016 1,500,000.00$ - - - - - - - - - MIDHUD In Compliance

Adirondack Barrel Cooperage Y797 RC G 6/21/2016 60,000.00$ - 2 4 2 4 - - 4 - MOHAWK In Compliance

Advanced Tool Capital Y003 ED-Fund G 12/15/2014 37,500.00$ 9 9 9 - 9 - 9 - - MOHAWK In Compliance

Agrana Fruit US Y249 ED-Fund G 11/14/2016 600,000.00$ - 30 60 30 60 - - 60 - CENTRAL In Compliance

Air Innovations,Inc. W533 ED-Fund G 3/26/2012 30,000.00$ 36 45 44 (1) 46 (2) 36 8 - CENTRAL In Compliance

Alcoa Massena West Plant AA364 ED-Fund G 12/31/2015 8,800,000.00$ 700 721 625 (96) 600 25 625 - 75 NCOUNTRY In Compliance

American Douglas Metals Capital X991 ED-Fund G 1/22/2014 150,000.00$ 21 28 28 - 29 (1) 21 7 - WNY In Compliance

Amsterdam IDA (Mohawk Fabric) Y119 RC G 7/22/2015 40,000.00$ 10 16 16 - 15 1 10 6 - CAPITAL In Compliance

AMT Inc. X359 ED-Fund G 9/2/2014 100,000.00$ 29 44 39 (5) 39 - 29 10 - MOHAWK In Compliance

Ansen Corporation Y825 RC G 12/11/2015 80,000.00$ 100 219 243 24 100 143 100 143 - NCOUNTRY In Compliance

API Heat Transfer Inc. W156 JN-Fund G 9/17/2009 1,000,000.00$ 370 472 401 (71) 370 31 370 31 - WNY In Compliance

Ardagh Metal Packaging USA Inc./Impress USA W020 ED-Fund G 10/20/2011 500,000.00$ - 59 70 11 50 20 - 70 - STIER In Compliance

Association for Vision Rehabilitation and

EmploymentAA128 RC G 10/17/2016 375,000.00$ 54 55 55 1 57 (2) 54 1 - MIDHUD In Compliance

Avon Products, Inc.. P977 ED-Fund G 11/30/2004 650,000.00$ 284 280 324 44 262 62 284 40 - MIDHUD In Compliance

Bartell Machinery Systems Capital U012 ED-Fund G 10/12/2012 400,000.00$ 130 148 147 (1) 145 2 130 17 - MOHAWK In Compliance

Bates Troy, Inc. Y458 RC G 7/10/2015 342,000.00$ 70 108 106 (2) 110 (4) 70 36 - STIER In Compliance

Bo-Mer Plastics Capital Y302 RC G 8/6/2014 100,000.00$ 40 50 54 4 49 5 40 14 - CENTRAL In Compliance

Bread Alone MAP Capital X536 ED-Fund G 11/19/2014 240,000.00$ 45 76 96 20 62 34 45 51 - MIDHUD In Compliance

Bren-Tronics DRF Capital W980 DOWNSTATE G 2/3/2014 250,000.00$ 197 182 197 15 197 - 197 - - LI In Compliance

Brooklyn Navy Yard/Macro Sea Lab Capital Y232 ED-Fund G 3/4/2015 871,326.00$ 5 9 21 12 5 16 5 16 - NYC In Compliance

Brooklyn Navy Yard/Macro Sea New Lab Capital Y622 ED-Fund G 3/4/2015 1,452,208.00$ 5 9 21 12 5 16 5 16 - NYC In Compliance

Browder's Birds Y813 RC G 6/10/2016 30,687.00$ 1 2 2 1 - 2 1 1 - LI In Compliance

Buckingham Manufacturing Y355 RC G 8/4/2015 50,000.00$ 223 299 291 (8) 223 68 223 68 - STIER In Compliance

Attachment I A

Empire State Development Corporation

2016 Annual Jobs Report - General ESD Projects

Page 1 of 9



Initial


Diff

15/16

Jobs

Required

Diff

Required/16

Jobs

Retained

Jobs

Created

Jobs


Bush Industries Capital Z267 ED-Fund G 4/5/2016 225,000.00$ 230 234 237 4 230 7 230 7 - WNY In Compliance

Calspan Corporation X863 RC G 3/30/2016 70,000.00$ 28 33 38 5 33 5 28 10 - WNY In Compliance

Canon U.S.A., Inc. U309 JN-Fund G 4/17/2015 2,625,000.00$ 1,110 1,573 1,591 18 1,360 231 1,110 481 - LI In Compliance

Carestream Health, Inc. V322 JN-Fund G 4/29/2010 2,000,000.00$ 800 1,346 1,285 (61) 1,300 (15) 800 485 - FL In Compliance

Cayuga Marketing LLC X698 RC G 1/12/2016 2,500,000.00$ - 35 69 35 52 17 - 69 - CENTRAL In Compliance

Chenango Place, LLC Z100 RC G 8/14/2015 250,000.00$ - 24 26 2 20 6 - 26 - STIER In Compliance

Chobani Capital X386 JN-Fund G 12/10/2013 1,500,000.00$ 386 769 780 11 836 (56) 386 394 - STIER In Compliance

Chocolate Pizza Company Y099 ED-Fund G 4/19/2016 22,500.00$ 9 11 13 2 9 4 9 4 - CENTRAL In Compliance

Clayton Harbor Hotel Capital II Z285 RC G 12/15/2015 750,000.00$ - 92 84 (8) 90 (6) - 84 - NCOUNTRY In Compliance

Clayton Harbor Hotel LLC X689 RC G 12/15/2015 2,250,000.00$ - 92 84 (8) 90 (6) - 84 - NCOUNTRY In Compliance

Clever Devices Capital X452 ED-Fund G 4/9/2014 200,000.00$ 125 173 212 39 167 45 125 87 - LI In Compliance

Closing USA Capital X444 ED-Fund G 12/26/2012 75,000.00$ 66 134 123 (11) 66 57 66 57 - FL In Compliance

Coach USA U738 JN-Fund G 10/25/2016 637,500.00$ - 172 343 172 161 182 - 343 - MIDHUD In Compliance

Coast Professional, Inc. Y130 ED-Fund G 8/31/2016 90,000.00$ 103 139 174 36 150 24 103 71 - FL In Compliance

ComTec Solutions of NY, LLC W782 ED-Fund G 4/18/2013 25,000.00$ 12 25 23 (2) 23 - 12 11 - FL In Compliance

Contract Pharmacal Corporation X214 ED-Fund G 6/3/2013 1,050,000.00$ 457 772 907 135 625 282 457 450 - LI In Compliance

Corning Global Innovation Center Capital V376 JN-Fund G 8/7/2014 1,500,000.00$ 1,500 1,856 2,122 266 1,800 322 1,500 622 - STIER In Compliance

Cortland Plastics International, LLC X784 RC G 7/18/2013 100,000.00$ 45 51 60 9 55 5 45 15 - STIER In Compliance

Crouse Hospital - Neonatal ICU Renovations Y260 RC G 2/8/2016 305,325.00$ 2,105 2,271 2,436 166 2,105 331 2,105 331 - CENTRAL In Compliance

Crucible Industries LLC (Loan) W923 ED-Fund L 12/8/2009 5,330,000.00$ 120 236 231 (5) 170 61 120 111 - CENTRAL In Compliance

Crucible Industries LLC (Loan) W894 UB L 2/8/2010 2,670,000.00$ 120 236 231 (5) 170 61 120 111 - CENTRAL In Compliance

Crystal Run Healthcare LLP and CRH Realty VI,

LLCX942 ED-Fund G 12/17/2014 666,666.00$ 1,189 1,794 1,516 (278) 1,189 327 1,189 327 - MIDHUD In Compliance

Curran Renewable Energy Capital Y292 RC G 4/29/2016 168,000.00$ 30 36 42 6 40 2 30 12 - NCOUNTRY In Compliance

Currier Plastics Capital X825 ED-Fund G 8/23/2016 750,000.00$ 100 129 157 29 140 17 100 57 - CENTRAL In Compliance

C'ville Yoghurt Y085 ED-Fund G 5/17/2016 375,000.00$ 40 60 80 20 58 22 40 40 - CENTRAL In Compliance

D4, LLC X249 ED-Fund G 12/10/2012 56,250.00$ 55 88 94 6 70 24 55 39 - FL In Compliance

Delaware County IDA / Amphenol Capital X598 ED-Fund G 6/3/2016 750,000.00$ 700 846 992 146 700 292 700 292 - MIDHUD In Compliance

Page 2 of 9



Initial


Diff

15/16

Jobs

Required

Diff

Required/16

Jobs

Retained

Jobs

Created

Jobs


Dewitt Clinton Hotel W938 UB G 3/31/2016 4,000,000.00$ - 39 78 39 75 3 - 78 - CAPITAL In Compliance

DichroTec Thin Films Capital Y376 ED-Fund G 1/2/2014 125,000.00$ 27 14 9 (5) 6 3 9 - 18 FL In Compliance

Drasgow Capital Y102 ED-Fund G 3/10/2014 125,000.00$ 16 30 27 (3) 26 1 16 11 - FL In Compliance

Dunkirk Metal Products Capital Z535 ED-Fund G 2/8/2016 75,000.00$ 23 26 28 3 26 2 23 5 - WNY In Compliance

E. Gluck Capital Y649 ED-Fund G 10/28/2016 250,000.00$ 348 351 354 3 348 6 348 6 - MIDHUD In Compliance

East/West Industries, ADDAPT Z562 RC G 2/11/2016 36,560.00$ 49 59 69 10 49 20 49 20 - LI In Compliance

Efco Products Z642 RC G 5/3/2016 80,000.00$ 80 86 91 6 83 8 80 11 - MIDHUD In Compliance

Elmira College Capital Y908 RC G 12/15/2014 2,137,500.00$ 8 11 14 3 8 6 8 6 - STIER In Compliance

Empire Fruit Growers Co-Op, Inc. X364 ED-Fund G 4/25/2013 175,000.00$ 26 43 43 - 44 (1) 26 17 - FL In Compliance

Ephesus Lighting, Inc. X781 RC G 9/11/2015 112,500.00$ 10 29 36 7 22 14 10 26 - CENTRAL In Compliance

FAGE USA Dairy Industry, Inc. X558 ED-Fund G 6/16/2016 780,000.00$ 160 262 364 102 290 74 160 204 - MOHAWK In Compliance

Faradyne Motors X980 ED-Fund G 9/28/2016 26,440.00$ 6 11 16 5 18 (2) 6 10 - FL In Compliance

Farmis, Inc, d/b/a United Biochemicals X135 ED-Fund G 7/24/2013 150,000.00$ 31 51 63 12 53 10 31 32 - WNY In Compliance

Field Goods Local Distribution Z661 RC G 5/23/2016 75,000.00$ 11 16 20 5 20 - 11 9 - CAPITAL In Compliance

Ford Stamping Plant X990 ED-Fund G 6/27/2016 5,000,000.00$ 640 806 972 166 640 332 640 332 - WNY In Compliance

Fresh Direct, LLC X656 UCDPFUND G 4/10/2015 5,000,000.00$ 1,949 2,104 2,715 611 1,949 766 1,949 766 - NYC In Compliance

GE Aviation Systems DRF Capital W787 DOWNSTATE G 2/26/2015 3,650,000.00$ 200 297 284 (13) 255 29 200 84 - LI In Compliance

GE Aviation Systems LLC W789 ED-Fund G 9/12/2012 3,810,000.00$ 200 297 284 (13) 255 29 200 84 - LI In Compliance

Gehring Tricot Capital Y255 ED-Fund G 9/30/2014 100,000.00$ 149 171 165 (6) 151 14 149 16 - MOHAWK In Compliance

GF Labels Development, LLC Y905 RC G 4/9/2015 75,000.00$ 9 13 14 1 13 1 9 5 - CAPITAL In Compliance

GlaxoSmithKline LLC X023 UB G 2/3/2016 900,000.00$ 190 227 263 37 190 73 190 73 - CAPITAL In Compliance

Globe Grinding Corp. Z936 RC G 6/10/2016 141,820.00$ 9 12 15 3 10 5 9 6 - LI In Compliance

Griffiss Hangar 101/Commodore/ Empire Aero

CenterR299 ED-Fund G 6/22/2004 2,000,000.00$ - 153 181 28 195 (14) - 181 - MOHAWK In Compliance

Griffiss Local Development Corp R300 JN-Fund G 5/18/2004 1,000,000.00$ - 153 181 28 195 (14) - 181 - MOHAWK In Compliance

GSE Dynamics Capital X930 ED-Fund G 2/20/2014 250,000.00$ 48 62 63 1 58 5 48 15 - LI In Compliance

Hartford Fire Insurance Company V809 ED-Fund G 3/25/2010 435,000.00$ 600 602 557 (45) 600 (43) 557 - 43 MOHAWK In Compliance

Hauptman Woodward Medical Capital X738 RC G 4/1/2014 250,000.00$ 45 38 42 4 45 (3) 42 - 3 WNY In Compliance

Page 3 of 9



Initial


Diff

15/16

Jobs

Required

Diff

Required/16

Jobs

Retained

Jobs

Created

Jobs


Hi-Tech Pharmacal Capital X355 ED-Fund G 8/21/2013 500,000.00$ 290 397 415 18 310 105 290 125 - LI In Compliance

Hofstra University Y834 RC G 10/16/2015 1,000,000.00$ - 3 6 3 6 - - 6 - LI In Compliance

Hofstra University Labs Capital II Y835 RC G 6/28/2016 1,000,000.00$ - 3 6 3 6 - - 6 - LI In Compliance

Holiday Inn Capital V892 UCDPFUND G 9/20/2016 550,000.00$ 40 54 67 14 62 5 40 27 - WNY In Compliance

Ingram Micro / Amherst Development Corp C162 REDS PARTNERSHIP L 8/20/1997 300,000.00$ 539 1,600 1,620 20 1,139 481 539 1,081 - WNY In Compliance

Integrated Medical Technologies Capital Y445 ED-Fund G 5/5/2014 50,000.00$ 10 11 10 (1) 10 - 10 - 0 FL In Compliance

International Paper Company Y158 RC G 3/25/2016 1,000,000.00$ 640 634 627 (7) 640 (13) 627 - 13 NCOUNTRY In Compliance

ITT Corporation V596 ED-Fund G 5/29/2008 1,000,000.00$ 119 100 94 (6) 110 (16) 94 - 25 MIDHUD In Compliance

ITT Geospatial Systems Capital X237 ED-Fund G 8/29/2013 1,540,000.00$ 500 679 725 46 500 225 500 225 - FL In Compliance

Jacobs Institute Capital X684 RC G 9/25/2014 2,000,000.00$ 5 6 12 6 5 7 5 7 - WNY In Compliance

JADAK Capital Y278 ED-Fund G 12/27/2016 187,500.00$ 101 127 152 26 131 21 101 51 - CENTRAL In Compliance

JetBlue Airways Capital W725 JN-Fund G 2/18/2014 6,000,000.00$ 880 1,275 1,337 62 1,050 287 880 457 - NYC In Compliance

JetBlue Airways Working Capital W977 ED-Fund G 2/18/2014 612,465.73$ 880 1,275 1,337 62 880 457 880 457 - NYC In Compliance

JM Haley Capital Y241 RC G 11/18/2014 150,000.00$ 65 117 137 20 95 42 65 72 - LI In Compliance

Kaleida Health X097 UB G 3/2/2012 10,000,000.00$ 384 618 589 (29) 384 205 384 205 - WNY In Compliance

Karp Associates, Inc. Capital X435 ED-Fund G 6/28/2016 50,000.00$ 110 111 112 1 110 2 110 2 - LI In Compliance

KAS Production Center LLC F243 ED-Fund L 6/25/2008 500,000.00$ 28 52 63 11 28 35 28 35 - NYC In Compliance

Kawasaki Rail Car Capital X246 ED-Fund G 3/17/2015 250,000.00$ 375 349 379 30 375 4 375 4 - MIDHUD In Compliance

Kolmar Laboratories, Inc. Y932 UCDPFUND G 4/13/2015 187,500.00$ 412 495 507 12 436 71 412 95 - MIDHUD In Compliance

Liberty Pumps Z106 ED-Fund G 10/12/2016 150,000.00$ 140 162 183 22 164 19 140 43 - FL In Compliance

Marquardt Switches Global Technology Center Y766 RC G 8/26/2016 270,000.00$ 350 402 454 52 350 104 350 104 - CENTRAL In Compliance

Matt Industries Corporation X783 RC G 12/3/2015 150,000.00$ 104 178 178 - 165 13 104 74 - CENTRAL In Compliance

Matt Industries, Inc. d/b/a Dupli Envelope and

Graphics CorpZ409 ED-Fund G 12/15/2015 350,000.00$ 104 178 178 - 165 13 104 74 - CENTRAL In Compliance

MechoShade Systems, Inc. U331 ED-Fund G 4/3/2015 600,000.00$ 119 193 198 5 157 41 119 79 - NYC In Compliance

Medcare Administrators LLC Y751 RC G 9/4/2015 100,000.00$ 41 43 44 1 42 2 41 3 - MOHAWK In Compliance

Mesorah Publications, Ltd X437 ED-Fund G 12/18/2012 120,000.00$ 101 104 106 2 108 (2) 101 5 - NYC In Compliance

Midtown Tower LLC X340 UB G 9/10/2015 900,000.00$ - 1 5 4 - 5 - 5 - FL In Compliance

Page 4 of 9



Initial


Diff

15/16

Jobs

Required

Diff

Required/16

Jobs

Retained

Jobs

Created

Jobs


Midtown Tower, LLC Y465 RC G 9/10/2015 3,000,000.00$ - 1 5 4 - 5 - 5 - FL In Compliance

Monro Service Corporation Capital X209 ED-Fund G 4/1/2014 400,000.00$ 190 231 243 12 210 33 190 53 - FL In Compliance

Montaulk Fish Dock, Inc. Y121 ED-Fund G 3/17/2014 60,000.00$ 1 3 3 - 2 2 1 2 - LI In Compliance

Mount Saint Mary College - Dominican Center

CapitalY322 RC G 3/11/2015 1,000,000.00$ 332 336 355 19 344 11 332 23 - MIDHUD In Compliance

MPI Consulting ADDAPT Z906 RC G 5/3/2016 112,290.00$ 21 20 18 (2) 21 (3) 18 - 3 LI In Compliance

National Pipe & Plastic Capital Y060 ED-Fund G 4/29/2015 300,000.00$ 150 172 166 (6) 150 16 150 16 - STIER In Compliance

New York Container Terminal Capital Y385 ED-Fund G 3/18/2014 7,500,000.00$ 250 356 300 (56) 250 50 250 50 - NYC In Compliance

New York State Energy Research and

Development AuthorityW517 ED-Fund G 5/26/2011 600,000.00$ 62 247 213 (34) 200 13 62 151 - CAPITAL In Compliance

Nojaim, Inc. X778 ED-Fund G 8/27/2015 1,000,000.00$ 43 43 41 (2) 43 (2) 41 - 2 CENTRAL In Compliance

North American Breweries Capital X557 ED-Fund G 4/23/2014 63,750.00$ 479 512 542 30 494 48 479 63 - FL In Compliance

North Country Cultural Center for the Arts

CapitalY152 RC G 11/4/2015 250,000.00$ 2 5 8 3 5 3 2 6 - NCOUNTRY In Compliance

Northern Safety Capital Y446 ED-Fund G 10/7/2013 150,000.00$ 209 250 250 - 234 16 209 41 - MOHAWK In Compliance

Nova Bus Capital V791 ED-Fund G 10/2/2014 1,300,000.00$ - 276 311 35 300 11 - 311 - NCOUNTRY In Compliance

Novelis Coporation X405 ED-Fund G 8/22/2013 5,000,000.00$ 651 997 1,063 66 751 312 651 412 - CENTRAL In Compliance

Novelis Corporation Y635 ED-Fund G 3/2/2016 3,750,000.00$ 843 953 1,063 110 888 175 843 220 - CENTRAL In Compliance

NW Family YMCA Z011 RC G 4/25/2016 492,500.00$ - 46 91 46 50 41 - 91 - CENTRAL In Compliance

NY Institute of Technology Capital X678 ED-Fund G 10/21/2016 200,000.00$ 791 895 998 104 794 204 791 207 - LI In Compliance

NYSARC, Inc. Broome Tioga Chapter, d.b.a

ACHIEVEZ447 RC G 10/27/2015 304,000.00$ 289 324 338 14 299 39 289 49 - STIER In Compliance

Olin corporation d/b/a Olin Chlor Alkali Products X375 ED-Fund G 7/2/2013 500,000.00$ 192 213 201 (12) 203 (2) 192 9 - WNY In Compliance

Omni-ID USA, Inc. X066 ED-Fund G 11/7/2012 500,000.00$ - 32 36 4 24 12 - 36 - FL In Compliance

Oneida Molded Plastics Capital X363 ED-Fund G 10/23/2014 100,000.00$ 142 165 173 8 164 9 142 31 - CENTRAL In Compliance

Optimax Systems Capital X380 ED-Fund G 12/10/2014 100,000.00$ 150 269 263 (6) 216 47 150 113 - FL In Compliance

OptiPro Systems Capital Y107 ED-Fund G 5/14/2014 50,000.00$ 45 71 77 6 50 27 45 32 - FL In Compliance

Owens Brockway Glass Container Inc. X321 UB G 5/8/2013 262,500.00$ 230 247 249 2 230 19 230 19 - CENTRAL In Compliance

Owera Vineyards Capital X782 RC G 3/24/2014 994,000.00$ 4 16 15 (1) 9 6 4 11 - CENTRAL In Compliance

Pentegra Services, Inc. X464 ED-Fund G 2/25/2013 112,500.00$ 128 138 132 (6) 128 4 128 4 - MIDHUD In Compliance

PepsiCo Bottling Division Capital V874 ED-Fund G 7/25/2014 4,000,000.00$ 907 1,244 1,365 121 929 436 907 458 - MIDHUD In Compliance

Page 5 of 9



Initial


Diff

15/16

Jobs

Required

Diff

Required/16

Jobs

Retained

Jobs

Created

Jobs


Praxair Capital W983 ED-Fund G 8/14/2013 1,000,000.00$ 700 1,188 1,063 (125) 700 363 700 363 - WNY In Compliance

Precipart ADDAPT Capital Z753 RC G 6/10/2016 200,000.00$ 181 196 211 15 185 26 181 30 - LI In Compliance

Precision Metals ADDAPT Z877 RC G 11/17/2016 40,600.00$ 42 44 45 2 42 3 42 3 - LI In Compliance

Precisionmatics Co., Inc. X328 ED-Fund G 12/12/2012 100,000.00$ 47 64 69 5 52 17 47 22 - MOHAWK In Compliance

Premier Aviation Overhaul Center, Ltd. X307 UB G 2/25/2013 450,000.00$ 90 153 181 28 150 31 90 91 - MOHAWK In Compliance

Prism Solar Technologies, Inc. U288 JN-Fund G 2/25/2010 300,000.00$ - 12 12 - 12 - - 12 - MIDHUD In Compliance

Quorum Group Capital Y098 ED-Fund G 5/16/2014 150,000.00$ 83 104 127 23 116 11 83 44 - FL In Compliance

R.B. Woodcraft Capital X179 ED-Fund G 12/10/2014 60,000.00$ 47 54 53 (1) 56 (3) 47 6 - CENTRAL In Compliance

R.S. Precision Industries ADDAPT Capital Z813 RC G 6/23/2016 54,000.00$ 25 26 27 1 25 2 25 2 - LI In Compliance

Raymours Furniture Company, Inc. X647 ED-Fund G 8/15/2013 160,000.00$ 364 458 487 29 424 63 364 123 - CENTRAL In Compliance

RED Rochester Capital Y494 ED-Fund G 10/10/2013 3,600,000.00$ 105 116 120 4 70 50 105 15 - FL In Compliance

RED Rochester Capital Loan Y495 ED-Fund L 10/7/2015 3,500,000.00$ 70 116 120 4 70 50 70 50 - FL In Compliance

Regeneron Pharmaceuticals, Inc. W941 DOWNSTATE G 2/5/2016 2,125,000.00$ 978 1,675 2,371 697 1,278 1,093 978 1,393 - MIDHUD In Compliance

Retrotech Capital Y803 ED-Fund G 2/18/2016 500,000.00$ 87 99 110 12 110 - 87 23 - FL In Compliance

Rich Products Capital Y005 ED-Fund G 3/30/2016 2,000,000.00$ 651 724 797 73 668 129 651 146 - WNY In Compliance

Rochester Midland Corporation W745 ED-Fund G 3/22/2013 225,000.00$ 175 162 157 (5) 183 (26) 157 - 18 FL In Compliance

Rochester Precision Optics Capital X400 ED-Fund G 4/9/2014 543,750.00$ 144 202 205 3 198 7 144 61 - FL In Compliance

Rosina Food Products Capital Y315 ED-Fund G 7/14/2016 1,500,000.00$ 345 386 427 41 370 57 345 82 - WNY In Compliance

Rosina Food Products, Inc. Y314 ED-Fund G 8/14/2015 1,500,000.00$ 345 437 427 (10) 370 57 345 82 - WNY In Compliance

Roswell Park Cancer Institute X683 RC G 2/3/2014 5,100,000.00$ 2,621 2,961 3,073 112 2,653 420 2,621 452 - WNY In Compliance

Rowland House Capital X960 RC G 6/20/2016 250,000.00$ 86 108 129 22 94 35 86 43 - CENTRAL In Compliance

Rubberform Recycled Products, LLC Z335 ED-Fund G 3/3/2016 250,000.00$ 11 16 20 5 20 - 11 9 - WNY In Compliance

S&B Machine Works AA248 RC G 8/26/2016 22,000.00$ 22 24 25 2 22 3 22 3 - LI In Compliance

Sabra Dipping Company, LLC X243 ED-Fund G 3/16/2016 100,000.00$ 33 57 81 24 65 16 33 48 - MIDHUD In Compliance

Satin Fine Foods, Inc. X193 ED-Fund G 1/3/2013 500,000.00$ 23 64 64 - 38 26 23 41 - MIDHUD In Compliance

Satur Farms Capital Y122 RC G 8/1/2014 120,000.00$ 21 35 49 14 31 18 21 28 - LI In Compliance

Seal & Design Capital Y912 ED-Fund G 2/3/2016 172,500.00$ 75 82 88 7 82 6 75 13 - WNY In Compliance

Page 6 of 9



Initial


Diff

15/16

Jobs

Required

Diff

Required/16

Jobs

Retained

Jobs

Created

Jobs


Spectral Systems, LLC X356 ED-Fund G 11/9/2015 143,000.00$ 45 47 45 (2) 45 - 45 - - MIDHUD In Compliance

St. Gobain ADFORS W200 ED-Fund G 8/21/2012 65,000.00$ 152 214 210 (4) 172 38 152 58 - FL In Compliance

Stavo Industries d/b/a Ertel Alsop X252 ED-Fund G 4/15/2015 150,000.00$ 47 58 54 (4) 55 (1) 47 7 - MIDHUD In Compliance

Steinway, Inc. X164 ED-Fund G 5/5/2015 262,500.00$ 372 480 426 (54) 372 54 372 54 - NYC In Compliance

Steuben Foods, Inc. X129 ED-Fund G 8/1/2012 2,500,000.00$ 426 577 540 (37) 576 (36) 426 114 - WNY In Compliance

Strippit, Inc. Z556 ED-Fund G 5/9/2016 170,020.00$ 80 80 80 - 80 - 80 - - WNY In Compliance

Sunrise Family Farms, Inc. Y386 RC G 12/26/2014 275,000.00$ 35 48 70 22 49 21 35 35 - STIER In Compliance

Surmotech LLC Z202 ED-Fund G 4/21/2016 200,000.00$ 26 38 49 12 37 12 26 23 - FL In Compliance

Takasago International X130 ED-Fund G 7/29/2016 189,000.00$ 85 88 91 3 70 21 85 6 - MIDHUD In Compliance

Tangent Machine & Tool Corp. Z449 RC G 1/14/2016 35,000.00$ 17 17 17 - 17 - 17 - - LI In Compliance

TMP Acquisitions Z458 ED-Fund G 5/9/2016 250,000.00$ 124 128 132 4 132 - 124 8 - FL In Compliance

Tompkins Cortland Community College

FoundationZ248 RC G 9/12/2016 1,000,000.00$ 42 43 43 1 43 - 42 1 - MIDHUD In Compliance

Tug Hill Vineyards Y824 RC G 8/9/2016 40,000.00$ 2 5 7 3 6 1 2 5 - NCOUNTRY In Compliance

Turbo Machined Products LLC Y145 RC G 1/25/2016 75,000.00$ 39 39 39 - 42 (3) 39 - - MOHAWK In Compliance

Twin Marquis, Inc X038 ED-Fund G 5/4/2012 100,000.00$ 170 389 416 27 200 216 170 246 - NYC In Compliance

Universal Photonics, Inc. & JH Rhodes, Inc. X486 ED-Fund G 4/29/2016 112,500.00$ 100 110 120 10 120 - 100 20 - MOHAWK In Compliance

Upstate Niagara Cooperative X393 ED-Fund G 10/5/2016 208,000.00$ 51 74 97 23 51 46 51 46 - NCOUNTRY In Compliance

US Optical Capital Y160 ED-Fund G 9/16/2014 225,000.00$ 80 124 120 (4) 96 24 80 40 - CENTRAL In Compliance

Val Tech Holdings Capital Y097 RC G 6/5/2013 100,000.00$ 189 277 239 (38) 207 32 189 50 - FL In Compliance

Valley Health Services / Living Learning Center Y176 RC G 6/20/2016 1,775,000.00$ 12 22 32 10 27 5 12 20 - MOHAWK In Compliance

We Care Transportation II Capital Z242 ED-Fund G 8/8/2016 350,000.00$ 200 254 308 54 275 33 200 108 - WNY In Compliance

Welded Tube Capital X886 ED-Fund L 2/13/2015 3,000,000.00$ 33 79 69 (10) 25 44 33 36 - WNY In Compliance

Westmoreland Ambulatory Surgery Center Y927 RC G 5/12/2016 400,000.00$ 15 19 23 4 20 3 15 8 - MOHAWK In Compliance

Wild Center Wild Walk Y829 RC G 4/4/2016 250,000.00$ 38 43 47 5 38 9 38 9 - NCOUNTRY In Compliance

Wild Center Wild Walk Capital Y151 RC G 10/23/2015 1,000,000.00$ 38 45 47 2 38 9 38 9 - NCOUNTRY In Compliance

William F. Streck/Pathfinder Village Z981 RC G 8/18/2016 120,000.00$ 4 6 7 2 4 3 4 3 - MOHAWK In Compliance

Wolf-tec Capital X357 ED-Fund G 7/1/2013 250,000.00$ 56 75 89 14 70 19 56 33 - MIDHUD In Compliance

Page 7 of 9



Initial


Diff

15/16

Jobs

Required

Diff

Required/16

Jobs

Retained

Jobs

Created

Jobs


WST33 Plaza of the Arts Y283 RC G 6/12/2015 700,000.00$ 16 23 23 - 23 - 16 7 - CENTRAL In Compliance

Xylem, Inc. X982 ED-Fund G 6/29/2016 793,750.00$ 106 117 128 11 116 12 106 22 - MIDHUD In Compliance

COMPLIANT - Non-Duplicated Total: 175 Grand Total: 188 191,240,408$ 36,392 48,790 52,163 3,374 42,314 9,850 36,192 15,971 200

Page 8 of 9



Initial


Diff

15/16

Jobs

Required

Diff

Required/16

Jobs

Retained

Jobs

Created

Jobs


ABVI/Goodwill Industries of Greater Rochester W991 UB L 8/13/2013 500,000 227 267 269 2 289 (20) 227 42 - FL Not in Compliance

Adirondack Meat Capital Y154 RC G 1/9/2015 200,000 - 13 11 (2) 13 (2) - 11 - NCOUNTRY Not in Compliance

Alliance Innovative Manufacturing, Inc. X467 ED-Fund G 6/3/2013 181,000 33 30 28 (2) 33 (5) 28 - 5 WNY Not in Compliance

Asept Pak, Inc. X226 ED-Fund G 1/9/2013 565,000 18 37 33 (4) 40 (7) 18 15 - NCOUNTRY Not in Compliance

Beech- Nut Nutrition Corporation/ Hero Group,

Inc.V795 ED-Fund G 8/18/2008 2,500,000 386 258 284 26 491 (207) 284 - 102 CAPITAL Not in Compliance

Beech-Nut Nutrition Corporation/Hero Group,

Inc.V392 JN-Fund G 1/22/2009 5,000,000 386 258 284 26 491 (207) 284 - 102 MOHAWK Not in Compliance

Challenge Industries Y506 RC G 4/24/2015 240,000 115 130 121 (9) 153 (32) 115 6 - STIER Not In Compliance

Datrose, Inc. W114 MWBDL L 4/12/2010 160,000 130 77 77 - 160 (83) 77 - 53 FL Not in Compliance

Empire Visual Effects LLC Y612 BUFFALO MRLF G 8/4/2015 637,000 - 16 11 (5) 16 (5) - 11 - WNY Not in Compliance

First Excelsior Group, LLC Z191 RC G 12/9/2015 1,500,000 75 101 - (101) 75 (75) - - 75 STIER Not In Compliance

GEMx Technologies Capital W601 JN-Fund G 4/1/2014 12,500,000 3,900 3,868 3,835 (33) 3,850 (15) 3,835 - 65 CAPITAL Not in Compliance

Hero Group Inc./ Beech-Nut Nutrition Corp. V060 JN-Fund G 11/17/2010 12,567,000 386 258 284 26 491 (207) 284 - 102 MOHAWK Not in Compliance

Hero Group Inc./Beech-Nut Nutrition

CorporationW136 ED-Fund G 11/19/2010 5,000,000 386 258 284 26 491 (207) 284 - 102 MOHAWK Not in Compliance

Hero Group Inc./Beech-Nut Nutrition

CorporationV330 ED-Fund G 12/24/2010 6,016,236 386 258 284 26 491 (207) 284 - 102 MOHAWK Not in Compliance

Hill & Markes, Inc X001 UB L 8/17/2012 616,213 141 164 165 1 189 (24) 141 24 - MOHAWK Not In Compliance

Howes Cave Development LLC X346 ED-Fund G 8/24/2012 100,000 24 42 34 (8) 47 (13) 24 10 - MOHAWK Not in Compliance

Intrinsiq Materials, Inc. X065 ED-Fund G 11/7/2012 1,200,000 - 10 8 (2) 158 (150) - 8 - FL Not in Compliance

Munson Machinery Company, Inc. Y645 ED-Fund G 6/9/2015 150,000 38 47 38 (9) 46 (8) 38 - - MOHAWK Not in Compliance

ORAFOL Precision Technology Center Capital X556 ED-Fund G 1/2/2015 150,000 60 66 45 (21) 64 (19) 45 - 15 FL Not in Compliance

Quintel USA, Inc. X067 ED-Fund G 11/7/2012 1,300,000 - 26 36 10 68 (32) - 36 - FL Not in Compliance

Red Jackets Orchards Capital W607 ED-Fund G 8/31/2011 75,000 76 93 65 (28) 93 (28) 65 - 11 FL Not in Compliance

S. Howes Capital Y078 ED-Fund G 4/9/2014 150,000 20 24 21 (3) 28 (7) 20 1 - WNY Not in Compliance

SKF USA Inc. d/b/a SKF Aeroengine North

AmericaW769 UB G 12/12/2012 1,375,000 600 568 502 (66) 600 (98) 502 - 98 WNY Not in Compliance

SKF USA Inc. d/b/a SKF Aeroengine North

AmericaW768 ED-Fund G 12/12/2012 687,500 600 568 502 (66) 600 (98) 502 - 98 WNY Not in Compliance

Taylor Biomass Energy, LLC W873 DOWNSTATE L 4/13/2012 2,000,000 21 40 43 3 71 (28) 21 22 - MIDHUD Not in Compliance

NON - COMPLIANT - Non-Duplicated Total: 20 Grand Total: 25 55,369,949$ 5,864 5,877 5,626 (251) 6,484 (858) 5,440 186 424

PORTFOLIO TOTAL - Non-Duplicated Total: 195 Grand Total: 213 246,610,356$ 42,256 54,666 57,789 3,123 48,798 8,992 41,632 16,157 624

Page 9 of 9

Project Name Proj# Funding Source Type Closing Total InvestmentInitial

Jobs

Jobs

2015

Jobs

2016

Diff

15/16

Jobs

Required

Diff

Required/16

Jobs

RetainedJobs Created Jobs Lost Region Compliance

Advanced Micro Devices, Inc. U223 SLA G 3/16/2010 650,124,484 - 2,904 3,048 144 1,205 1,843 - 3,048 - CAPITAL In Compliance

BNMC - Innovation Center/Incubator for start-ups Y738 BUFFALO MRLF G 7/10/2014 6,050,000 - 61 127 66 20 107 - 127 - WNY In Compliance

BNMC - Innovation Center/Incubator for start-ups X045 UB G 5/12/2015 3,000,000 - 106 166 60 30 136 - 166 - WNY In Compliance

FSMC - Albany Molecular Research, Inc. Capital Y365 ED-Fund G 12/17/2014 45,000,000 - - - - - - - - - WNY In Compliance

FSMC - Athenex Capital AA725 ED-Fund G 4/21/2016 25,000,000 - - - - - - - - - WNY In Compliance

FSMC - IBM Capital/Buffalo IT Hub Z254 ED-Fund G 12/30/2014 55,000,000 3,100 3,200 4,952 1,752 3,100 1,852 3,100 1,852 - WNY In Compliance

FSMC - Quad C/Phase 1 X812 RC G 9/22/2014 13,500,000 - - - - - - - - - MOHAWK In Compliance

FSMC - Riverbend Park Capital Z328 ED-Fund G 11/5/2014 107,000,000 - - - - - - - - - WNY In Compliance

FSMC - Riverbend Park Capital Y962 ED-Fund G 12/23/2014 118,000,000 - - - - - - - - - WNY In Compliance

FSMC - Riverbend Park Capital AA613 SP-APPR G 6/14/2016 294,477,696 - - - - - - - - - WNY In Compliance

FSMC - Riverbend Park Capital Z733 ED-Fund G 7/20/2015 125,000,000 - - - - - - - - - WNY In Compliance

GlobalFoundries City-by-City (AMD, Inc.) X201 JN-Fund G 9/14/2016 2,633,000 450 1,749 3,047 1,299 450 2,597 450 2,597 - CAPITAL In Compliance

SUNY RF - CNSE/G-450 AA005 ED-Fund G 9/14/2015 44,900,000 800 800 800 - 800 - 800 - - CAPITAL In Compliance

SUNY RF - CNSE/G-450 X772 SP-APPR G 7/10/2012 250,000,000 800 800 800 - 800 - 800 - - CAPITAL In Compliance

COMPLIANT - Non-Duplicated Total: 9 Grand Total: 14 Projects 1,739,685,180 4,350 5,916 9,092 3,176 4,400 4,692 4,350 4,742 -

SUNY RF - Smart Systems Technology and Commercialization

Center (STC)X076 UB G 2/22/2013 4,978,412 40 60 40 (20) 60 (20) 40 - - FL Not In Compliance

NON - COMPLIANT - Non-Duplicated Total: - Grand Total: 1 Projects 4,978,412 - - - - - - - - -

PORTFOLIO TOTAL - Non-Duplicated Total: 9 Grand Total: 15 Projects 1,744,663,592 4,350 5,916 9,092 3,176 4,400 4,692 4,350 4,742 -

Attachment I B


2016 Annual Jobs Report - Special Technology Projects

Page 1 of 1

100.0% 100.0% 100.0%

96.3%

85.7% 84.6% 82.9% 82.8%

75.0% 72.0%

3.7%

14.3% 15.4% 17.1% 17.2%

25.0% 28.0%

CENTRAL(27)

LONG ISLAND(24)

NEW YORK CITY(11)

MID HUDSON(27)

NORTH COUNTRY(14)

SOUTHERN TIER(13)

FINGER LAKES(35)

WESTERN NY(29)

CAPITAL(8)

MOHAWK VALLEY(25)

Attachment II - Regional Performance

In Compliance Not In Compliance(Compliance by Number of Projects)

Project Name Proj# Funding Source Type Closing Total InvestmentInitial

Jobs

Jobs

2015

Jobs

2016

Diff

15/16

Jobs

Required

Diff

Required/16

Jobs

RetainedJobs Created Jobs Lost Region Compliance

American Federation of Teachers Q224 WTCJC G 10/10/2003 1,700,000.00$ 477 565 583 18 477 106 477 106 - NEW YORK CITY In Compliance

Brown Brothers Harriman & Co. Q790 WTCJC G 3/24/2005 1,600,000.00$ 750 949 953 4 750 203 750 203 - NEW YORK CITY In Compliance

Droga5, LLC Y508 WTCJC G 9/29/2015 800,000.00$ 181 501 504 3 335 169 181 323 - NEW YORK CITY In Compliance

Goldman Sachs Group, Inc. T177 WTCJC G 1/2/2007 25,000,000.00$ 8,100 9,326 9,421 95 8,900 521 8,100 1,321 - NEW YORK CITY In Compliance

Interactive Data Corporation W537 WTCJC G 2/11/2010 945,000.00$ 485 502 445 (57) 515 (70) 445 - 40 NEW YORK CITY In Compliance

MediaMath Y935 WTCJC G 12/22/2015 12,100,000.00$ 200 374 349 (25) 200 149 200 149 - NEW YORK CITY In Compliance

Oppenheimer & Co., Inc. X315 WTCJC G 12/6/2013 3,000,000.00$ 580 1,013 1,009 (4) 1,086 (77) 580 429 - NEW YORK CITY In Compliance

Paperless, Inc. Y075 WTCJC G 7/14/2016 455,000.00$ 51 81 111 30 127 (16) 51 60 - NEW YORK CITY In Compliance

RR Donnelley T195 WTCJC G 2/22/2008 957,375.00$ 440 371 361 (10) 331 30 361 - 79 NEW YORK CITY In Compliance

Topps Company, Inc. Q244 WTCJC G 2/11/2003 250,000.00$ 202 159 164 5 123 41 164 - 38 NEW YORK CITY In Compliance

COMPLIANT - Non-Duplicated Total: 10 Grand Total: 10 Projects 45,107,375.00$ 10,989 13,276 13,317 41 12,367 950 10,832 2,485 157

Attachment III


2016 Annual Jobs Report - WTC Projects

Documents

FOR INFORMATION DATE: December 22, 2017 TO: The Directors · 4 I. The 2016 Annual Jobs Report on ESD’s Loan and Grant Programs This report details the performance of ESD’s loan