View
581
Download
0
Category
Tags:
Preview:
DESCRIPTION
CREDC Presentation 10215
Citation preview
Capital Region Upstate
Revitalization Initiative
Community Update
1 |
What are we going to do today
What today is What today is not
▪ Chance to play back what we
heard from you in earlier sessions
▪ Collection of new ideas for the
submission
▪ Opportunity to review the latest
guidelines for the URI competition
▪ Broad discussion about the “wish
list” for economic development
▪ Chance to engage on the
strategic areas of the URI plan
and understand some of the
priority initiatives
▪ “Reveal” of specific projects
including names of partners and
detailed costs
2 |
Why is this important - We are at an inflection point
0.9% GDP growth
▪ Compared to 1.6%
(US) and 1.5% (NYS)
-5% Labor force
growth
▪ Labor force
contracted by ~25,000
people 2008-2014
0.2% Average Popu-
lation growth
▪ Residents over 65
expected to grow at
2.5%
1.4% Private GDP
growth
$57,000 Median HH
income
▪ 2nd highest in URI
eligible regions
▪ Grew at 1.9% per
year
5.6% Unemploy-
ment rate
▪ Lowest among URI
eligible regions
▪ Decreased by 6%
per year since 2009
▪ Employment growth
at 1.3%
3 |
URI a Component of the CREDC Progress Report
4 |
CFA Update
>over 250 CFA applicants
Total priority requests:
$43,723,813
Total Project costs =
$215,845,208
Leverage for priority projects=
80 percent
5 |
URI Stakeholder Engagement
Local community engagement
1:1 sessions, focus groups, town halls, council meetings, etc. 3500+
1700+ Online interactions
Online submissions, Facebook likes, survey participation,
etc.
People hours spent in design sessions
Detailed, tactical working sessions 750+
Global expert interviews
1:1 sessions with global leading experts on specific Capital
Region opportunities 100+
6 |
Governor’s Remarks
7 |
URI criteria
New private
sector jobs
Attract
private firms
No “build it
and they will
come”
5:1 private
match Regional
collaboration
Bold &
innovative
8 |
Our Five URI Strategies
Tech Valley
2.0
Distribution
& Logistics
Entrepreneurship
Urban
Revitalization
Next-Gen
Education
Cluster
9 |
Proposed URI strategies
Tech Valley
2.0
Build-off previous successful high-tech investments, and the
globally renowned Tech Valley brand, by developing new priority
and fast-growing high-tech clusters in population healthcare,
clean-tech, and gov-tech.
This strategy will augment current assets to:
▪ Attract new companies, talent, and international recognition
▪ Create jobs and increase regional productivity
▪ Help government deliver on bold priorities
10 |
Proposed URI strategies
Leverage the Capital Region’s unique geographical location
▪ Proximity to NYC and other major markets
▪ Northern most 12-month port
▪ National rail/road connections
Catalyze shipping and distribution activity to:
▪ Increase competitiveness of local businesses by reducing
shipping and input costs
▪ Link Capital Region businesses to external markets
▪ Connect upstate NYS with global demand
▪ Create critically important new middle-skilled jobs
Distribution
& Logistics
11 |
Proposed URI strategies
Next-Gen
Education
Cluster
Further develop Capital Region’s “education cluster” to enhance
the Capital Region’s existing higher education strengths;
systematically connect the Capital Region workforce with
opportunities for the knowledge and skill development they need
to get jobs, including historically hard-to-employ populations.
Support the Capital Region’s K-12 system to ensure students are
prepared for STEM opportunities and have the wrap-around
services needed to succeed.
This strategy will spur economic activity through:
▪ Attracting new students to the region
▪ Creating new jobs in our education institutions
▪ Attracting education focused companies to the growing cluster
▪ Arming local companies with critical talent needed to succeed
12 |
Proposed URI strategies
Physical transformation of the urban core to drive local economic
development. A coordinated portfolio of investments that will:
▪ Leverage our unique and diverse assets to attract residents,
tourists, and firms into our urban cores
▪ Deploy global urban planning best practices to make strategic
real estate investments that revitalize neighborhoods and drive
inclusive growth
▪ Ensure new urban investments and attention directly benefit
historically underserved neighborhoods.
Urban
Revitalization
13 |
Proposed URI strategies
Entrepreneurship
Link together and invest in the Capital Region’s strong existing
entrepreneurship ecosystem – leveraging the region’s
colleges, universities, and corporate talent to:
▪ Attract and keep young entrepreneurs
▪ Launch and nurture the emblematic Capital Region
companies of the future
▪ Ensure a vibrant small business economy across all 8
counties
▪ Focus on critical local sectors with potential to scale
14 |
Our Five URI Strategies
Tech Valley
2.0
Distribution
& Logistics
Entrepreneurship
Urban
Revitalization
Next-Gen
Education
Cluster
▪ Population
Health Tech
Cluster
▪ Rensselaer
Clean Tech
Station
▪ Gov-Tech
Cluster
▪ Port
Modernization
& Expansion
▪ Fulfillment Hub
▪ Education
Cluster
expansion
▪ Workforce
Solutions
Center
▪ Cradle to
Career pipeline
▪ Urban Catalyst
Projects
▪ Urban
Neighborhood
Fund
▪ CDTA
expansion
▪ Creative Economy
Accelerator
CRAFT Business
Fund
▪ R&D
Commercialization
Catalyst
5 7
8
10
11
4 6 9 12
13
14
2
1
3
15 |
Our plan is mutually reinforcing
Strategy
Tech Valley 2.0
Distribution
& Logistics
Next-Gen
Education
Cluster
Entrepreneurship
Urban
Revitalization
Tech Valley 2.0 Distribution
& Logistics
Next-Gen
Education
Cluster
Entrepreneurship Urban
Revitalization
16 |
Mapping Against Prescribed URI Themes
Strategy
Distribution and
Logistics
Tech Valley 2.0
Next-Gen
Education Cluster
Entrepreneurship
Urban
Revitalization
17 |
Questions?
Recommended