{"id":16188,"date":"2015-01-15T12:48:50","date_gmt":"2015-01-15T17:48:50","guid":{"rendered":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2015\/01\/edc-warren-county-president-sees-new-growth-in-2015-after-successes-of-2014.html"},"modified":"2015-01-15T12:48:50","modified_gmt":"2015-01-15T17:48:50","slug":"edc-warren-county-president-sees-new-growth-in-2015-after-successes-of-2014","status":"publish","type":"post","link":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2015\/01\/edc-warren-county-president-sees-new-growth-in-2015-after-successes-of-2014\/","title":{"rendered":"EDC Warren County President Sees New Growth In 2015 After Successes Of 2014"},"content":{"rendered":"<div class=\"img-left\">\n<div>\n<img loading=\"lazy\" decoding=\"async\" alt=\"edbartholomew-hsc.jpg\" src=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2014\/02\/edbartholomew-hsc.jpg\" class=\"aligncenter\" height=\"175\" width=\"150\">\n<\/div>\n<div class=\"img-caption\">Ed Bartholomew, president of Economic Development Corp. of Warren County\n<\/div>\n<\/div>\n<p>BY ED BARTHOLOMEW<\/p>\n<p>One year ago, EDC Warren County<br \/>\nembarked on a new era of &#8220;Collaboration<br \/>\nFor Growth,&#8221; a vital ingredient in both<br \/>\nachieving immediate positive results and<br \/>\nproviding a road map for future success.<\/p>\n<p>Teamwork and partnerships with regional,<br \/>\nstate agencies, private business,<br \/>\nelected officials and citizens all brought<br \/>\ntogether now collectively form a solid<br \/>\nfoundation upon which to make progress<br \/>\nand achieve results.<\/p>\n<p>Looking to the future, the collaborative<br \/>\napproach will be even more important in<br \/>\n2015 and beyond. Building a portfolio of<br \/>\nsuccessful projects, obtaining funding and<br \/>\nattracting investment is directly connected<br \/>\nto the ability to leverage broader regional<br \/>\nstrengths and common needs as a means<br \/>\nto increase efficient use of resources.<br \/>\nIn 2014, EDC was able to use resources,<br \/>\nprograms and experience to make a difference<br \/>\nin the region including helping<br \/>\nbusinesses and organizations access a<br \/>\nvariety of funding programs offered at the<br \/>\nlocal, region, state and federal levels. EDC<br \/>\nassisted Finch Paper in their application<br \/>\nvia the 2014 Round Four NYS Consolidated<br \/>\nFunding Application (CFA). The company<br \/>\nwas subsequently awarded $1 million in to<br \/>\nhelp offset $20 million in new plant and<br \/>\nequipment modernization expenses. It will<br \/>\nhelp keep the company competitive and<br \/>\nbuild new market opportunities.<\/p>\n<p>EDC in 2014 assisted businesses access<br \/>\n&#8220;gap&#8221; financing for projects using two local<br \/>\ndevelopment corporation (LDC) loan<br \/>\nprograms for expansion projects. A number<br \/>\nof these local companies were able to<br \/>\nleverage LDC loans to help add new business,<br \/>\nequipment and jobs.<\/p>\n<p>They included:<br \/>\nReliable Racing Supply Inc., Sutton&#8217;s, Martha&#8217;s,<br \/>\nFriends Lake Inn, Bullpen Tavern,<br \/>\nAchenbach&#8217;s, Superior Cantina restaurant<br \/>\nand more. All told, LDC financing of over<br \/>\n$900,000 assisted these projects, many<br \/>\nof which were leveraged with traditional<br \/>\nbank financing.<\/p>\n<p>These funding programs either retained<br \/>\nor created a total of over 150 jobs. By<br \/>\ncomparison, the prior year of 2013 saw no<br \/>\nnew applications and no loans&#8211;a good<br \/>\nturnaround; but we can do more.<\/p>\n<p>EDC sponsored and promoted a number<br \/>\nof special events in 2014 that attracted and<br \/>\ngathered top business executives to hear<br \/>\nbusiness perspectives as well as the latest<br \/>\nnews from industry, economic development<br \/>\nrepresentatives, elected officials and<br \/>\ninstitutional leaders from the region. In<br \/>\nJanuary 2014, nationally renowned economist<br \/>\nHugh Johnson presented his financial<br \/>\nmarket predictions for the year at EDC&#8217;s<br \/>\nfirst annual Economic Outlook breakfast.<\/p>\n<p>In May 2014, EDC brought together<br \/>\nnoted companies and speakers from the<br \/>\neconomic sector of forest products&#8211;including<br \/>\npaper, wood, and supporting industries<br \/>\n&#8211;to discuss their collective impact<br \/>\nat EDC&#8217;s annual luncheon.<\/p>\n<p>This coming May 2015, EDC plans to feature<br \/>\na luncheon program featuring two of<br \/>\nthe largest major locally based healthcare<br \/>\nindustry providers and employers: Glens<br \/>\nFalls Hospital and Hudson Headwaters<br \/>\nHealth Network. It will look at their collective<br \/>\nand individual roles, changing environments and economic impacts.<\/p>\n<p>Infrastructure preparation is vital to<br \/>\nboth attracting new business and retaining<br \/>\nand expanding existing companies. It is a<br \/>\ncumbersome, complicated and expensive<br \/>\ntopic that takes years of planning, analysis,<br \/>\nand, most of all, funding. EDC&#8217;s role<br \/>\nis to facilitate and coordinate efforts so<br \/>\ntax dollars are spent on the best ROI for<br \/>\nthe region.<\/p>\n<p>New jobs depend on our ability to make<br \/>\nthe best use of our resources. Infrastructure<br \/>\nis not limited to roads, bridges and<br \/>\nother transportation assets. It also means<br \/>\nbroadband, cell coverage, electric grid<br \/>\nupgrades and repairs, natural gas and the<br \/>\nless glamorous: sanitary sewer, municipal<br \/>\nwater networks, facilities and capacity.<\/p>\n<p>In 2014, EDC in conjunction with its<br \/>\npartner Adirondack Gateway Council,<br \/>\nled the way on a number of multi-county<br \/>\nefforts including HUD-funded feasibility<br \/>\nstudies that will provide a road map for<br \/>\nregional solutions, funding and eventual<br \/>\nimplementation for sewer, broadband, cell<br \/>\nand other critical services.<\/p>\n<p>For 2015 we must continue our work<br \/>\non infrastructure. A key project is to<br \/>\nobtain funding for an updated action for<br \/>\nimproved vehicle and pedestrian access<br \/>\nalong the Northway Exit 20-Route 9 corridor.<\/p>\n<p>Perhaps the most important element<br \/>\nbusiness needs to succeed&#8211;consistently<br \/>\ncited in annual site selection and business<br \/>\nmanagement surveys&#8211;is a trained, available<br \/>\nworkforce. In 2014, EDC engaged in<br \/>\ntraining to meet the needs of today and<br \/>\ntomorrow&#8217;s fastest growing industries. In<br \/>\nDecember 2014, with funding from the<br \/>\nEnvironmental Protection Agency, EDC<br \/>\ncollaborated with the city of Glens Falls<br \/>\nand the state Department of Labor to initiate<br \/>\na new brownfield environmental job<br \/>\ntraining program for candidates interested<br \/>\nin pursuing new careers in the field of<br \/>\nenvironmental remediation and detection.<\/p>\n<p>The initial class graduated 28, with a<br \/>\nnumber already obtaining employment.<br \/>\nThis program is scheduled to continue in<br \/>\n2015 and is a model for other potential advanced<br \/>\nmanufacturing training programs.<\/p>\n<p>Through continual outreach, EDC engaged<br \/>\na number of companies seeking new<br \/>\nsite and building opportunities to grow<br \/>\ntheir businesses.<\/p>\n<p>In 2014, locally owned and operated<br \/>\nSheet Labels.Com moved from a startup<br \/>\nlocation to a new 30,000-square-foot,<br \/>\nstate-of-the-art facility on Pruyn&#8217;s Island<br \/>\nIndustrial Park, with the assistance<br \/>\nof EDC. In October 2014, Hacker Boat<br \/>\nfinalized a land purchase and is moving<br \/>\nahead with plans to design and build a<br \/>\n90,000-square-foot manufacturing facility<br \/>\nin Queensbury Business Park.<\/p>\n<p>In early 2014, EDC worked with west<br \/>\ncoast-based JUST Water to assist in locating<br \/>\na facility to package and distribute<br \/>\nwater products using Glens Falls area<br \/>\npure water. Water is a resource available<br \/>\nin excess capacity in our region and JUST&#8217;s<br \/>\nproject will provide new jobs and revitalize<br \/>\na landmark, but deteriorating, older<br \/>\nformer church property in Glens Falls.<\/p>\n<p>All told, the impact from these combined<br \/>\nthree projects will retain 70 jobs<br \/>\nand add as many as 40-45 over the next<br \/>\nseveral years.<\/p>\n<p>Looking forward to 2015, the Southern<br \/>\nAdirondack Region should continue to<br \/>\nenjoy continued positive momentum and<br \/>\nnew investment that will result in new<br \/>\ngood-paying jobs and economic strength.<\/p>\n<p>With the support of our business leaders<br \/>\nand organizations like the Adirondack<br \/>\nRegional Chamber of Commerce, federal,<br \/>\nstate, county and local officials, as well<br \/>\nas the business community, EDC Warren<br \/>\nCounty is ready for new opportunities to<br \/>\ncollaborate for growth in 2015.<\/p>\n","protected":false},"excerpt":{"rendered":"<p> Ed Bartholomew, president of Economic Development Corp. of Warren County BY ED BARTHOLOMEW One year ago, EDC Warren County embarked on a new era of &#8220;Collaboration For Growth,&#8221; a vital ingredient in both achieving immediate positive results and providing&#8230;<\/p>\n","protected":false},"author":88,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[66],"class_list":["post-16188","post","type-post","status-publish","format-standard","hentry","category-business-news","tag-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - 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