August 2012 - Empire State Development - New York State

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DRAFT – SUBJECT TO REVIEW AND REVISION to present the Rochester Midland EDF Capital Grant item for the Directors’ consideration. Mr. McNary asked the Directors to approve a $300,000 grant to Rochester Midland for the purchase and renovation of a building. Mr. McNary explained that the Company is a chemical company with divisions in food process-safety, water treatment washroom sanitation and industrial cleaners. Mr. McNary further noted that the Company has had its headquarters in two buildings in the City of Rochester since 1946. He added that this has hampered its ability to grow. Mr. McNary explained that in 2009, the Company approached ESD for assistance and was offered a $300,000 capital grant which allowed the Company to remain in the area. The alternative Mr. McNary added, was to relocate the manufacturing portion of its operations to one of its other facilities in Illinois or in North Carolina. Instead, McNary explained, the Company purchased the current facility in the Town of Ogden close to the City of Rochester. for growth. The new facility, he added, has enhanced manufacturing efficiencies and provided room 7
DRAFT – SUBJECT TO REVIEW AND REVISION In closing, Mr. McNary noted that the project has allowed the Company to create 16 new jobs and to retain 175 jobs, including 78 that were at risk of being relocated. Following this presentation, Chair Shimer called for questions or comments. Director Ciminelli asked if the Company retained any presence in the City of Rochester and Mr. McNary said that it had not. He explained that the Company had to abandon its operations there simply because they had to move the entire facility in order to accommodate the expansion. moved. Director Miller asked if that meant that those jobs were lost or if the jobs were simply Mr. McNary stated that the jobs were moved to the Town of Ogden which is very close to the City or Rochester and that all of the employees were kept on at the Ogden facility. There being no further questions or comments, and upon motion duly made and seconded, the following resolution was unanimously adopted: Ogden (Finger Lakes Region - Monroe County) – Rochester Midland Capital – Empire State Economic Development Fund – General Development Financing (Capital Grant) – Findings and Determinations Pursuant to Sections 16-m and 10 (g) of the Act; Authorization to Adopt the Proposed General Project Plan; Authorization to Make a Grant and to Take Related Actions 8
Page 1 and 2: PLEASE NOTE - We welcome public com
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Page 53 and 54: FOR CONSIDERATION August 16, 2012 T
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August 16, 2012 Long Island City (N
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Project Summary Benefit-Cost Evalua
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The Project: A. Water Lilies Food M
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A. Water Lilies Food MAP Capital (X
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A. Water Lilies Food MAP Capital (X
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FOR CONSIDERATION August 16, 2012 T
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municipality or region of the State
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RESOLVED, that the President and Ch
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A. New York - Restore III - Bush Te
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4. There are no families or individ
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RESOLVED, that the President and Ch
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II. Project Cost and Financing Sour
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operations in the nine-county Regio
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V. Environmental Review ESD staff h
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Regional Internal Harvesting and Ec
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A. City of Yonkers - Saw Mill River
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City of Yonkers - Saw Mill River Da
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City of Yonkers - Saw Mill River Da
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VI. Additional Requirements Pursuan
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RESOLVED, that the provision of ESD
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Community Capital Assistance Progra
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Project Cost and Financing Sources
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This Project will facilitate BNYDC
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August 16, 2012 NEW YORK HARBOR - A
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CURRENT STATUS The 38-year old Proj
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August 16, 2012 BRONX COUNTY - RIVE
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V. Contract Term, Price and Funding
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FOR INFORMATION August 16, 2012 TO:
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Subsidiary Capital Budget Summary V
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Departmental Budget Variance Report
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August 2012 - Empire State Development - New York State

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