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

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Golden Seeds Started in 2004 and headquartered in New York City, with offices in Boston and San Francisco, Golden Seeds now has two seed/early stage venture funds and the fourth largest angel network in the U.S. Golden Seeds invests in young companies with women in a senior management positions who also have significant equity positions in the ventures. The Golden Seed Funds and Golden Seed Angel Investors have invested over $34 million in seed/early stage companies since 2005. ESD proposes to contract with and award Golden Seeds $4 million in Innovate NY funds to invest in general technology, life science, or consumer product focused seed stage businesses located in all regions of the State. SCP Buffalo Incubator LP This new Fund, to be headquartered in Buffalo and managed by successful entrepreneurs and the founding partners of Softbank Capital’s successful venture capital arm, will invest in seed stage companies with roots in Buffalo that have strong growth potential in the internet broadband and life sciences spaces. The fund will be a for-profit entity and its managing partners will be under the umbrella of Seed Capital Partners, a successful northeast early stage technology focused venture capital firm. ESD proposes to contract with and award SCP Buffalo Incubator LP $4 million in Innovate NY funds to invest in Internet broadband and life science focused seed stage businesses located in the Western New York region of the State. Stonehenge Capital Company Formed in 1999, Stonehenge Capital Company is a spin off from Bank One Capital Markets. Stonehenge currently manages approximately $615 million in 9 state targeted investment funds and focuses on two primary investment strategies: early stage equity and later stage debt. Since its launch, the growth equity team has invested $43.8 million in 29 companies; 12 of those in New York State. Stonehenge is currently raising a new fund to focus on equity investments. This fund along, with its two existing funds (BOCNY, LLC and Stonehenge Capital Fund New York), will focus on New York State business in the seed and early stages of development. ESD proposes to contract with and award Stonehenge Capital Company $5 million in Innovate NY funds to invest in seed stage businesses located statewide (substantially upstate) with a focus on healthcare Information technology and life sciences.
FOR CONSIDERATION April 17, 2012 TO: The Directors FROM: Kenneth Adams SUBJECT: Regional Council Award - Southern Tier Region - Southern Tier Regional Economic Development Corporation – Rural Initiative Fund Program – Economic Development Purposes Fund (Capital Grant) REQUEST FOR: Findings and Determinations Pursuant to Section 10 (g) of the Act; Authorization to Adopt the Proposed General Project Plan; Authorization to Make a Grant and to Take Related Actions I. Project Summary General Project Plan Grantee: Southern Tier Regional Economic Development Corporation (“STREDC”) Beneficiary Organizations: Businesses and organizations throughout the Southern Tier Region ESD* Investment: A grant of up to $3,000,000 to be used to establish a regional low- interest loan and grant fund to reduce financial risk and increase sustainability of agriculture and forestry ventures. * The New York State Urban Development Corporation doing business as the Empire State Development Corporation (“ESD” or the “Corporation”) Project Locations: Various, within the Southern Tier Region
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 and 36: funds used to capitalize Innovate N
Page 37 and 38: VI. Affirmative Action ESD’s Non-
Page 39: 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 67 and 68: FOR CONSIDERATION April 17, 2012 TO
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
Page 87 and 88: Regional Council: The Central New Y
Page 89 and 90: 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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