2016 Niagara County Economic Development Address. Legislator Kathryn L. Lance, Chair Niagara County Economic Development Committee

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1 2016 Niagara County Economic Development Address Legislator Kathryn L. Lance, Chair Niagara County Economic Development Committee May 24, 2016

2 Niagara County Brownfields: 1

3 Niagara County Brownfields: $400,000 The amount of new grant money received in 2015 to conduct environmental site assessments on brownfields across Niagara County Grant funding spent on site assessments and cleanups: $330,964 Phase I Environmental Site Assessments conducted: 3 Phase II Environmental Site Assessments conducted: 5 Brownfield remediation projects completed: 1 2

4 Niagara County Sportfishing: Lake Ontario Pro / Am Series winning team, Thrillseeker Ben Bailey with a Niagara River King Salmon Mike Hay and his Grand Prize catch, Lake Ontario Counties Trout and Salmon Derby 3

5 Niagara County Sportfishing: Over $1 million The estimated cash value of free press coverage received in 2015 from publicity by the outdoor media expressed in terms of equivalent advertising costs Outdoor media members hosted in Niagara County: 30 Number of TV shows/videos filmed and aired: 60 Minimum number of articles generated: 300 4

6 Joint Base Niagara: 5

7 Joint Base Niagara: $500,000 The amount of grant funding secured to begin redeveloping the former U.S. Army Reserve site into the WNY First Response & Preparedness Center Joint Base Niagara Projects: New missions for Niagara Falls Air Reserve Station including KC-135s (ongoing) Niagara Falls International Airport Marketing Campaign (ongoing) Niagara Falls International Airport Fiber Optic Assessment (completed) Airport Business District Fiber Optic Network (planning stage) WNY First Response & Preparedness Center (planning stage) 6

8 NFIA Florida Marketing Initiative: 7

9 NFIA Florida Marketing Initiative: $200,000 The amount of funding awarded through the Market NY Grant Program to promote inbound tourism within Florida markets serviced by airlines at NFIA Niagara Tourism & Convention Corporation will lead the initiative Focuses on Florida markets serviced by Spirit Airlines and Allegiant Air Program will boost inbound tourism through Niagara Falls International Airport Promotional packages will be developed with key tourism partners to attract visitors Builds off success of 2013 pilot program that saw 50% increase in inbound traffic 8 12

10 Business Growth and Retention Program: 9

11 Business Growth and Retention Program: 77 The number of companies contacted in 2015 by the Niagara County Department of Economic Development as part of its Business Growth & Retention Program Meetings conducted as part of retention efforts: 57 Companies visited as part of retention efforts: 50 New projects resulting from retention visits: 5 10

12 Business / Community Enhancement Program: 11

13 Business / Community Enhancement Program: $612,045 The amount of grant funding awarded to business associations through the Niagara County Business / Community Enhancement Program since it started Grants awarded to business associations in 2015: 19 Amount of grant funding awarded in 2015: $39,982 Total community investment leveraged in 2015: $90,978 12

14 Empower Niagara Program: Approved Company Municipality Allocation or Request (kw) Capital Investment Jobs Retained Created 2009 Viatran Town of Wheatfield 160 $1,400, Vishay Thin Film Town of Wheatfield 100 $850, Edwards Vacuum, Inc. Town of Wheatfield 190 $6,850, Niagara Envelope, Inc. Town of Wheatfield 195 $824, Wheat LLC City of North Tonawanda 75 $945, Delfingen Town of Wheatfield 150 $475, New England Seafood, Inc. Town of Royalton 75 $32, Lockport Ice Arena City of Lockport 150 $14,400, Russell Farms II Town of Newfane 200 $3,300, Sentry Metal Services, Inc. City of Lockport 75 $57, TOTALS: 1,370 $29,133,

15 Empower Niagara Program: $37.5 million The total capital investment of all companies that have received power allocations since the inception of the Empower Niagara program Amount of power currently allocated to companies: 1,370 kw Capital investment leveraged by current allocations: $29.1 million Jobs created by companies receiving allocations: 166 Jobs retained by companies receiving allocations:

16 Canadian Marketing Campaign: 15

17 Canadian Marketing Campaign: 7 The number of new Canadian companies that have committed to locating in Niagara County as a result of Canadian marketing efforts Companies mailed as part of Canadian marketing: 1,596 Companies visited as part of Canadian marketing: 200 Events attended as part of Canadian marketing:

18 Domestic Marketing Campaign: 17

19 Domestic Marketing Campaign: 644 The number of companies contacted in connection with efforts to market Niagara County to U.S. domestic companies seeking a new business location Number of states included in marketing efforts: 30 Leads developed as part of domestic marketing: 10 Companies contacted as part of domestic marketing:

20 Commercial & Industrial Development: Niagara County Industrial Development Agency 2015 Projects Project Location Investment Jobs Created (FTE) DSAV (Sleep Inn) City of Niagara Falls $ 4,430, Borderworx Town of Wheatfield 3,525, Neelkanth Hotel (Hampton Inn) Town of Pendleton 5,650, Bulldog Busines Park Town of Wheatfield 320, T.M. Montante (Bridgestone) Town of Wheatfield 12,280, Sunrise Lodging City of Niagara Falls 6,682, Niagara Falls Blvd. City of Niagara Falls 6,250, Totals $39,137,

21 Commercial & Industrial Development: 208 The number of new jobs created in 2015 through projects incentivized by the Niagara County Industrial Development Agency NCIDA projects closed during fiscal year 2015: 7 New capital investment from NCIDA projects: $39.1 million Jobs created as a result of new NCIDA projects:

22 Niagara Falls Hotel Projects: 21

23 Niagara Falls Hotel Projects: $20.1 million The estimated annual economic impact of new hotel projects incentivized by the Niagara County Industrial Development Agency New hotels completed, planned, or under construction: 15 Private capital investment in new hotel projects: $135.1 million Estimated annual economic impact of hotels: $ 20.1 million Jobs created by new hotel projects:

24 Vantage Industrial Park:

25 Vantage Industrial Park: Sold Out The number of acres of land owned by the NCIDA remaining to be sold in the 159-acre Vantage International Point industrial park. New jobs created by companies in VIP: 700 Capital investment by companies in VIP: $31.6 million Acres of land sold for new development: 156 Buildings planned or under construction: 4 24

26 2016 Objectives Support economic development at Niagara Falls International Airport by: Implementing the Florida Marketing Initiative to increase tourism Creating the WNY First Response & Preparedness Center Supporting new missions at NFARS including the KC-135 Creating an Airport Business District Fiber Optic Network Facilitate brownfield site assessments and market redevelopment opportunities Provide additional business and community development assistance Continue participation in regional planning and development initiatives 25

27 2016 Objectives Market Niagara County to Canadian businesses through new channels Institute a Propertunities Program to identify new development sites Establish a technology-based, paperless business environment utilizing state-of-the-art Microsoft Surface notebooks for all NCIDA board members Centralize PILOT billing with Niagara County Real Property and taxing jurisdictions Develop PILOT program database software that can be a model for New York State 26

28 THANK YOU!

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