NEW YORK STATE URBAN DEVELOPMENT CORPORATION d/b/a ...

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Returns on investments or interest accrued with respect to program funds received by an investment entity through the Fund shall be returned to the Corporation in accordance with the agreements entered into between the investment entity and the Corporation. Investment entities shall not invest Program funds in a beneficiary company in an amount greater than five hundred thousand dollars, or seven hundred fifty thousand dollars in the case of a biotechnology-related beneficiary company, at any one time, unless the beneficiary company and the Investment entity can demonstrate to the satisfaction of the Corporation that exceeding the applicable investment limit significantly increases the potential of the investment to result in substantially greater growth, job development, and additional economic activity in New York State and the Corporation consents to such greater investment in writing. At such time as an Investment entity has invested fifty percent of the program funds committed to such investment entity and annually thereafter, the aggregate investments of Program funds by the investment entity in beneficiary companies shall be leveraged with matching investment funds from private sources of capital, excluding investments after the initial funding round, at a ratio equal to or greater than two to one (2:1). Investments made in funding rounds prior to the date of the initial investment of program funds shall not be counted toward satisfying this matching investment funds requirement. The amount of any fees and the amount of the carried interest on capital gains will be detailed in the agreements to be entered into between each investment entity and the Corporation. Returns to the Corporation, such as capital gains and the return of the investment, will be detailed in the agreements to be entered into between each investment entity and the Corporation. Each contracted investment entity will be required to provide quarterly and annual reports outlining the impact and effectiveness of the investments made, current status, leveraged funds, business revenue, numbers of jobs created, and other items as determined by Corporation and the U.S. Department of Treasury. IV. Statutory Basis The Program is authorized pursuant to Section 16-U of the New York State Urban Development Corporation Act, Chapter 174 of the Laws of 1968, as amended. V. Environmental Review ESD staff has determined that the project constitutes a Type II ministerial action as defined by the New York State Environmental Quality Review Act (“SEQRA”) and the implementing regulations of the New York State Department of Environmental Conservation. The recipient of fund disbursements will be responsible for complying with SEQRA as applicable. No further environmental review is required in connection with this authorization.
VI. Affirmative Action ESD’s Non-Discrimination and Affirmative Action policy shall apply pursuant to Article 15-A of the Executive Law and relevant rules and regulations. Each investor agreement shall determine an appropriate goal for minority and women-owned business enterprise participation, which should be based in the findings of the 2010 Disparity Study and other relevant facts concerning availability in the marketplace. VII. Additional Submissions to Directors • Schedule A –Summaries of selected investment entities (6)
Page 1 and 2: NEW YORK STATE URBAN DEVELOPMENT CO
Page 3 and 4: II. DISCRETIONARY PROJECTS - Contin
Page 5 and 6: DRAFT - SUBJECT TO REVIEW AND REVIS
Page 33 and 34: FOR CONSIDERATION April 17, 2012 TO
Page 35: funds used to capitalize Innovate N
Page 39 and 40: Schedule A Innovate NY Fund- Summar
Page 43 and 44: Size: STREDC has a board consisting
Page 45 and 46: c) a Third Disbursement of an amoun
Page 47 and 48: April 17, 2012 Regional Council Awa
Page 49 and 50: Rural Initiative Venture Fund South
Page 51 and 52: Proposed Project: Establish a regio
Page 53 and 54: Grantee Contact: Diane Lantz, Execu
Page 55 and 56: 9. ESD may reallocate the project f
Page 57 and 58: RESOLVED, that the President and Ch
Page 59 and 60: Proposed Project: Establish a regio
Page 61 and 62: enhance the effectiveness of ESD’
Page 63 and 64: 8. Grantee will report quarterly on
Page 65 and 66: April 17, 2012 Regional Council Awa
Page 69 and 70: Market: Real Estate and Industrial/
Page 71 and 72: the Grantee for expenditures incurr
Page 73: 7 April 17, 2012 Chazy (North Count
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Regional Council: The Central New Y
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Project Team: Origination Ray Lawre
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is less than eighty-five percent 85
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V. Environmental Review ESD staff h
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State Division of the Budget; and b
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Huhtamaki MAP Capital Fulton Oswego
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Employment: Initial employment at t
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300,000 packed boxes to 700,000 pac
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(iv) 40% of the disbursed amount if
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VI. Affirmative Action ESD’s Non-
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RESOLVED, that the President and Ch
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Project Summary Benefit-Cost Evalua
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FOR CONSIDERATION April 17, 2012 TO
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2. Each proposed project would be u
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RESOLVED, that the President and Ch
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A. Precisionmatics Capital (X328) A
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A. Precisionmatics Capital (X328) A
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Baseline Employment A. Precisionmat
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B. D4 Capital (X249) April 17, 2012
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Strategic Investment Program (Senat
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April 17, 2012 Local Assistance - F
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April 17, 2012 Strategic Investment
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A. GGLDC - Western New York Science
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GGLDC - Western New York Science, T
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EXHIBIT A STATE ENVIRONMENTAL QUALI
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e-orienting proposed development ar
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approximately 24,000 linear feet of
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In addition to the site selection c
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natural gas, electricity, or broadb
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The Project will require additional
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Findings While it is impossible to
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Work within streams and other water
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consideration the data provided wit
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Project Site will be set aside as c
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Air pollution control systems inclu
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Intersection turning movement traff
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threshold is reached or when the Pr
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e limited to smaller buildings whic
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In addition to the required alterna
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. Implementation of the recommendat
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Potential for increase in motor veh
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year old age range from the Genesee
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Agricultural Resources Discussion o
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cumulative impacts are impacts on t
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Ancillary/Secondary Growth The Proj
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epresents less than 1% of the total
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utilization of renewable energy res
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CERTIFICATION OF FINDINGS Having co
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B. Town of Islip - Drainage Improve
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Financial Terms and Conditions: Tow
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FOR INFORMATION April 17, 2012 TO:
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CO. VENDOR NAME ORIG CONT DATE REAS
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NEW YORK STATE URBAN DEVELOPMENT CORPORATION d/b/a ...

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