August 2012 - Empire State Development - New York State

FOR CONSIDERATION
August 16, 2012
TO:
FROM:
SUBJECT:
REQUEST FOR:
The Directors
Kenneth Adams
Regional Council Award – Priority Project – Various Locations (Finger
Lakes Region – Nine Counties) – Regional Internal Harvesting and
Economic Gardening Program Working Capital – Economic
Development Purposes Fund (Working Capital Grant)
Findings and Determinations Pursuant to Section 10 (g) of the Act;
Authorization to Make a Grant and to Take Related Actions
I. Project Summary
Grantee:
ESD* Investment:
Greater Rochester Enterprise, Inc. (“GRE”)
A grant of up to $200,000 to be used for a pilot program to help small
businesses expand in the Finger Lakes Region.
* The New York State Urban Development Corporation doing business as
Empire State Development (“ESD” or the “Corporation”)
Project Locations:
Proposed Project:
Project Type:
Regional Council:
Various business locations to be determined in Genesee, Livingston,
Monroe, Ontario, Orleans, Seneca, Wayne, Wyoming, and Yates
Counties
Apply an innovative nationally recognized business expansion strategy
known as “economic gardening” to 20 small businesses to be selected
in the region.
A program to identify and nurture business expansion opportunities.
The Incentive Offer was accepted in April 2012. The project is listed as a
Priority Project in the Finger Lakes Regional Economic Development Plan
under Section V, Regional Implementation, based on its potential to
create private sector jobs. GRE is represented on the Regional Council.