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

More documents

Recommendations

Info

countries (ten U.S. facilities). The Fulton facility consists of 24 acres and 700,000 square feet of buildings. Market: The Company serves customers in the food and beverage, retail, and other non-food industries. Some of the major customer brands are Nestle, Kroger, Hershey, Friendly’s, Boston Market, Starbucks, McDonalds, and Wegmans. The Company competes with International Paper, Stanpack, and Solo. ESD involvement: Due to the Company’s current flexograhic print limitations, the Fulton facility has lost opportunities for new business to competitors and other Huhtamaki facilities in DeSoto, Kansas, and Los Angeles, California. Huhtamaki’s current flexographic printing presses are out dated and limit its ability to provide customers with the current industry standard graphics quality and competitive product cost. Huhtamaki was evaluating the most cost effective location for the BHS Flexographic press. This project is critical to Huhtamaki’s future business in Fulton, New York; without this project, the Fulton business will not grow and will lose business to competitors, all of whom are outside of New York State. The project is expected to cost $6,200,000. The company is requesting $500,000 in MAP assistance to make the project feasible in Fulton NY. Competition: International Paper, Stanpack, Solo, and sister facilities outside of New York State. Past ESD Support: In June 2002, ESD approved a capital grant of $200,000 to Huhtamaki for expenses related to moving machinery and equipment for a production line for packaging products to Fulton. The project was successfully completed. B. The Project Completion: December 2011 Activity: Purchase and installation of flexographic printing machinery and equipment to increase production capacity, add efficiency, and reduce waste. Results: The Company will retain 631 jobs as a result of the project. Grantee Contact: Joseph McConnell, Manager of Finance 100 State Street Fulton, NY 13069 Phone: (315) 593-5346 Fax: (315) 593-5190 ESD Project No.: W908
Project Team: Origination Ray Lawrence Project Management John Vandeloo Affirmative Action Helen Daniels Finance Amit Nihalani Environmental Soo Kang C. MAP Project Findings and Outcomes This project qualifies as a Manufacturing Assistance Program project because the Company i) is a resident New York State manufacturer with between 50 and 1,000 employees; ii) exports at least 30% of its production beyond its region or provides at least 30% of its production to a manufacturer that exports beyond the Company’s region; and iii) is making a substantial investment of at least $1,000,000 in order to improve its competitiveness and productivity and thereby enhance its long-term viability in the State of New York. The project is expected to produce the following measurable outcomes for the Company: Primary Outcome(s): Increase Measureable production by 56% to total of 1,437,500 packaging units over a measureable three month time period Secondary Outcome(s): Increase press speed by 150% to 750 feet per minute Increase waste reduction-recycling by 17% Total estimated value of competitiveness and project outcomes: $500,000 annually Manufacturing is the most significant wealth-creating and value-adding sector of the NYS economy outside of the New York City metropolitan area. The purpose of the ESD’s Manufacturing Assistance Program (“MAP”) is to encourage New York State manufacturers to invest in projects that substantially improve the competitiveness and productivity of their operations, thus increasing their long-term viability and ensuring the health of the state’s manufacturing economy. D. Financial Terms and Conditions 1. Upon execution of the grant disbursement agreement, the Company shall pay a commitment fee of 1% of the $500,000 capital grant ($5,000) and reimburse ESD for all out-of-pocket expenses incurred in connection with the project. 2. The Company will demonstrate no materially adverse changes in its financial condition prior to disbursement. 3. The Company will be required to contribute a minimum of 10% of the total project cost in the form of equity contributed after the Company’s acceptance of ESD’s offer.
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 7 and 8:
Page 9 and 10:
Page 11 and 12:
Page 13 and 14:
Page 15 and 16:
Page 17 and 18:
Page 19 and 20:
Page 21 and 22:
Page 23 and 24:
Page 25 and 26:
Page 27 and 28:
Page 29 and 30:
Page 31 and 32:
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 and 40: Schedule A Innovate NY Fund- Summar
Page 41 and 42: FOR CONSIDERATION April 17, 2012 TO
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
Page 87: Regional Council: The Central New Y
Page 91 and 92: is less than eighty-five percent 85
Page 93 and 94: V. Environmental Review ESD staff h
Page 95 and 96: State Division of the Budget; and b
Page 97 and 98: Huhtamaki MAP Capital Fulton Oswego
Page 99 and 100: Employment: Initial employment at t
Page 101 and 102: 300,000 packed boxes to 700,000 pac
Page 103 and 104: (iv) 40% of the disbursed amount if
Page 105 and 106: VI. Affirmative Action ESD’s Non-
Page 109 and 110: Project Summary Benefit-Cost Evalua
Page 113 and 114: 2. Each proposed project would be u
Page 117 and 118: A. Precisionmatics Capital (X328) A
Page 119 and 120: A. Precisionmatics Capital (X328) A
Page 121 and 122: Baseline Employment A. Precisionmat
Page 123 and 124: B. D4 Capital (X249) April 17, 2012
Page 129 and 130: Strategic Investment Program (Senat
Page 131 and 132: April 17, 2012 Local Assistance - F
Page 133 and 134: April 17, 2012 Strategic Investment
Page 135 and 136: A. GGLDC - Western New York Science
Page 137 and 138: GGLDC - Western New York Science, T
Page 139 and 140:
GGLDC - Western New York Science, T
Page 141 and 142:
GGLDC - Western New York Science, T
Page 143 and 144:
EXHIBIT A STATE ENVIRONMENTAL QUALI
Page 145 and 146:
e-orienting proposed development ar
Page 147 and 148:
approximately 24,000 linear feet of
Page 149 and 150:
In addition to the site selection c
Page 151 and 152:
natural gas, electricity, or broadb
Page 153 and 154:
The Project will require additional
Page 155 and 156:
Findings While it is impossible to
Page 157 and 158:
Work within streams and other water
Page 159 and 160:
consideration the data provided wit
Page 161 and 162:
Project Site will be set aside as c
Page 163 and 164:
Air pollution control systems inclu
Page 165 and 166:
Intersection turning movement traff
Page 167 and 168:
threshold is reached or when the Pr
Page 169 and 170:
e limited to smaller buildings whic
Page 171 and 172:
In addition to the required alterna
Page 173 and 174:
. Implementation of the recommendat
Page 175 and 176:
Potential for increase in motor veh
Page 177 and 178:
year old age range from the Genesee
Page 179 and 180:
Agricultural Resources Discussion o
Page 181 and 182:
cumulative impacts are impacts on t
Page 183 and 184:
Ancillary/Secondary Growth The Proj
Page 185 and 186:
epresents less than 1% of the total
Page 187 and 188:
utilization of renewable energy res
Page 189 and 190:
CERTIFICATION OF FINDINGS Having co
Page 191 and 192:
B. Town of Islip - Drainage Improve
Page 193 and 194:
Financial Terms and Conditions: Tow
Page 197 and 198:
FOR INFORMATION April 17, 2012 TO:
Page 199 and 200:
CO. VENDOR NAME ORIG CONT DATE REAS
show all

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

Create successful ePaper yourself

Delete template?

Save as template?