Celebrating 20 Years ANNUAL REPORT 2014 Celebrating 20 Years OF ECONOMIC DEVELOPMENT IN CHALLENGING TIMES This year marks the 20th Anniversary of the Sullivan County Partnership for Economic Development. The road has been challenging, as limited local resources, infrastructure, location and other issues, have tested our ability to compete with other areas. Yet, there have been numerous successes. Organizations that have invested and created jobs here include: Kohl’s Distribution, Nonni’s, Ideal Snacks, Crystal Run Health Care, Home Depot, D.C. Welding, ASB Greenworld, and Prohibition Distillery. For large or small business, The Partnership continues to be the ‘go to’ place for economic development assistance. Our organization—a private-public partnership—was incorporated in 1994 as a 501 C (6) to in large measure to help lift Sullivan County out of an economic downspin. Today, we stand proud of our acheivements over twenty years. Our efforts show a most favorable return on investment to Sullivan County. The total annual taxes collected for Partnership-assisted projects that also received incentives in 2014 is more than $2.6 million. The County portion equals just over $503,000 this year with respective school districts and local taxing jurisdictions receiving the bulk of the generated tax revenues. What is most telling is that these tax revenues continue to grow each year as more projects are completed. Another $2.4 million, and $500,000 in additional county tax dollars are collected from businesses that did not receive incentives. In addition, over 1,311 net jobs are generating an annual payroll of over $40 million, further underscoring the value of investing in the Sullivan County Partnership. While Sullivan County lost jobs from 2013 to 2014, Partnership assisted projects increased jobs by 111. Three significant Partnership facilitated projects materialized in our last fiscal year that will have an extraordinaryly positive impact on our economy: Veria Lifestyle at the former Kutsher’s Resort (see story on pageXX); Lost Lake, a gated community in the Town of Forestburgh (story on page XX); and the quest for two casino licenses. (story on page xx). The Partnership also assisted small businesses in most every district utilizing the Sullivan Investments Revolving Loan Fund as well as the Incubator Without Walls Revolving Loan Fund. (see story on page XX) As we celebrate twenty years, we continue to face challenges that make attracting and developing businesses difficult in the region. Yet a core group of dedicated members and partners have been providing unwavering support since our beginning. These people believe in our mission and clearly understand that we help foster new and expanded opportunities for Sullivan County businesses. We honor these lifetime members and fully appreciate the support of those who have followed. The strength of the organization depends on that commitment. Finally, we welcome new directors and members and look forward to making our twentieth year a successful and memorable one. Sincerely yours, Fred Stabbert Chairman of the Board Marc Baez President Honoring THE LOYALTY & SUPPORT OF OUR CORE MEMBERS When we began in 1994, we knew the economic conditions of Sullivan County were such that there was a critical need to pursue and respond to businesses interested in locating to, expanding within, or starting up in Sullivan County at the speed of the market place. Without the dedication, perseverance and guidance from this group of successful business people who have been with us from the start, our organization simply would not be able to do all we do today to support, advocate and help build the business community while still helping to preserve the quality life in Sullivan County. Proudly, we recognize and honor a core group of dedicated members and partners for their support and belief in the mission: The Sullivan County Partnership promotes and coordinates the economic development of private business in Sullivan County to help enhance the quality of life and improve the standard of living while protecting and preserving the environment. TONIGHT’S SPONSORS: A.Alport & Son Plumbing Supplies Allison-Devore General Contractors, Inc. Bridgeville Office Center NYSEG Catskill Hudson Bank Schmidt’s Wholesale Inc. Catskill Regional Skoda Enterprise Inc. Medical Center Southern Tier Title Agency, LLC County of Sullivan Firestorm Solutions LLC A. ALPORT & SON INC. Plumbing & Heating Supplies SERVING THE HUDSON VALLEY FOR FOUR GENERATIONS Stone-Myer Consultants Inc. Sullivan Arc Sullivan County BOCES Jeff Bank Sullivan County Chamber of Commerce First Niagara Bank Sullivan County Democrat Granite Associates, LP Sullivan County IDA Grey’s Woodworks, Inc. Times Herald Record Irwin Siegel Agency Inc. Woodstone Lakes Development, LLC Klugman Associates, Inc. m e a r s Marshall & Sterling Monticello Branch Misner Agency, Inc. Cooper Arias LLP A S S O C I AT E S Liberty Iron Works Associated Mutual Insurance Cooperative Clearwater Distributors Inc. f i s h e r Knack Pavloff & Company, LLP Strategic ALLIANCES We align ourselves with the following local, regional, state and national organizations also committed to economic growth and vitality. WORLD ECONOMIC DEVELOPMENT ALLIANCE (WEDA) A clearinghouse targeted at site selectors that suggests suitable locations to companies desiring relocating or expansion. WEDA also offers strategic consulting services to provide preliminary services free andconfidentially to member companies such as ours to aid in theirsite search. HVADC AGRICULTURE MID-HUDSON SMALL BUSINESS DEVELOPMENT CENTERS (SBDC) Small businessowners and aspiring entrepreneurs recieve free, face-to-face business consulting and at-cost training on writing business plans, accessing capital, marketing, regulatory compliance, international trade and more. The SBDC network is cost-effective and helps create jobs to ultimately grow the economy. SCORE A Sullivan County volunteer network of skilled, retired executives. They educate and mentor entrepreneurs for success in small business. SCORE volunteers conduct local workshops and events and provide resources, templates and tools to assist entrepreneurs. THE COUNTY OF SULLIVAN This is a major funding source for our organization. We work closely with the Division of Planning and Environmental Management on small and main street development. We also work on general project management with the Economic Development Coalition, an advisory board and think tank created by the county and comprised of successful local business leaders in a continuing effort to market our resources to companies and visitors looking to relocate their operations in Sullivan County. SULLIVAN COUNTY IDA We are a long-time strategic partner with the Industrial Development Agency because we share the commongoals of creating and retaining jobs. IDA grants loans, incentives and tax abatementsto large and small businesses and helps promote economic welfare, recreation opportunities, prevent unemployment and economic deterioration, ensure the prosperity of Sullivan County’s inhabitants, and promote tourism and trade. PATTERN FOR PROGRESS This public policy research and planning institute of the public and private sectors serves nine counties: Columbia, Dutchess, Greene, Orange, Putnam, Rockland, Sullivan, Ulster and Westchester. Pattern’s mission is to preserve and promote the social, economic and natural environments of the Hudson Valley region by building consensus for a pattern of growth that will ensure a high quality of life. THE HUDSON VALLEY ECONOMIC DEVELOPMENT CORPORATION This one-stop shop serves companies considering relocation or expansion in Sullivan and six other counties including: Westchester, Rockland, Putnam, Orange, Dutchess, and Ulster. HVEDC provides comprehensive market data, including economic indicators, workforce information, industrial and commercial real estate and other relevant information to location decisions. This alliance becomes more crucial as agricultural business continues to grow. It is the only economic development agency in the Hudson Valley that focuses on the growth and viability of the agricultural economy HVADC assists both new and existing agri-businesses, and supports policies and regulations that recognize and support New York State’s agricultural economy. EMPIRE STATE ECONOMIC DEVELOPMENT CORPORATION In partnership with the public and private sectors ESD spurs continued innovation and growth, constantly revising the economic development toolbox to give businesses the competitive advantage they need to succeed in New York. NYSEG When we put together a deal to bring a new business to town or help an existing business expand, New York State Electric and Gas helps make the package even more attractive offering rate discounts and funding assistance. For details: www.nyseg.com/YourBusiness/economicdev/ progandincentives.html DELIVERING ON STRATEGIC INITIATIVES BUSI NESS EXPANSI ON SWEET, DELICIOUS GROWTH IN LIVINGSTON MANOR AND MONTICELLO We routinely assist small businesses, providing technical assistance, financing, site location and other related services. We partner with the SC IDA, SC Chamber, SC Planning, SBDC, SCORE, NYSEG, where applicable, to better assist prospects. We have assisted micro businesses with over $1 million in financing, while providing countless hours of technical assistance. The projects we closed on thus far in fiscal 2014 represent approximately $200,000 in loan proceeds which will help catalyze over $1.3 million in gross sales cumulatively for these projects. THE PUSH FOR 2 CASINO LICENSES The Partnership took on a key role in the drive to site two casinos in Sullivan County. Having been an active and vocal member of Citizens for NYS Gaming, our efforts helped push the approval of the referedum. Since passage, in partnership with country legislators, the County of Sullivan IDA, Sullivan County Visitors Association, and The Chamber of Commerce, we traveled state-wide debating the benefits of casinos in Sullivan County. We coordinated the comparative analysis study. In the final stretch of an arduous and will-testing competition to secure a casino license for both remaining projects in Sullivan County the Sullivan County economic development team made the case for two casino projects at the former Concord site, presenting a united and compelling case that captured the attention of the siting board and made a strong argument for “MO Squared,” the combination of the Montreign and Mohegan Sun proposals. As the vote is eminent the Partnership, continues to work with the County, the IDA and our other economic development stakeholders to help ensure we are successful. SECOND HOME COMMUNITY COMES TO FORESTBURG Lost Lake Resort is a master-planned, residential, gated golf community located in Forestburgh, NY and featuring over 2,000 acres of lush land, including a 50-acre lake. Over 2,500 lots have been approved for development along with public spaces and community amenities. Commitments have already been secured, with over 40 lots in process currently. This predominantly second home community is a win-win for the Town of Forestburgh and the County as there will be virtually no negative impact on cost of services and the local school system. In addition the residential construction industry as well as sales tax on materials will be two areas that will be significantly positively impacted. The project is under development by Double Diamond Companies in Dallas, TX. At completion it will feature: an 18 hole championship golf course, fine dining, full service spa and fitness xenter, conference center with on-site activities director, tennis courts, swimming pools and more. A SPA AND WELLNESS RESORT TO RISE AT KUTSHER’S SITE Veria Lifestyle at the former Kutsher’s Resort is proposing a Canyon Ranch-Style spa resort slated for over $85 million in investment. A boutique hotel will be built and scheduled to open in 2015 featuring 75 rooms and a sportsman’s club, with the bulk of the development taking place thereafter. By any measure this project is an extraordinary economic development project. Veria Lifestyle, plans to transform the 1,310-acre resort and all its properties outside Monticello into a Nature Cure Lifestyle Management Center or Destination Wellness Resort. Veria Lifestyle, which is connected to the Veria Living media conglomerate, will feature everything from “yoga sciences” and “ayurvedic medical treatment” to “biodynamic restaurants,” golf, tennis and “a wide range of health-driven activities.” Veria anticipates 300 jobs. As part of the adaptive re-use, Veria will convert the existing theatre/ auditorium to state of the art healing facilities to accommodate the wide range of holistic treatment which will rely on Eastern philosophies of natural medicine. The center will have 265 rooms, championship golf, tennis, indoor & outdoor swimming pools. If the way to people’s hearts is through their stomach, Brandenburg Bakery owns a lot of hearts. The company relocated last spring from Jeffersonville to Main Street in Livingston Manor. This Partnership funded $35,000 of this $200,000 + move and relocation project that now also employs three full and three part-time positions. The family-owned bakery, is operated by Errol and Sarah Flynn and features handmade pastries and artisan breads baked fresh daily, coffee cakes, cookies, custom cakes, desserts and artisan chocolates. It’s all made from scratch using all local and natural milk, cheese, eggs, honey, maple syrup and, when available, local seasonal and organic produce for great-tasting cakes and pastry. Most recently the couple partnered with, The Catskill Brewery’s new “Ball Lightning” pilsner, and crafted “brewery bread” made from the barley mash used in producing the pilsner. Bread made from barley is high in nutrients, fiber and has a lower glycemic value. Yanni’s Gyro Express is a Greek style restaurant on Pleasant Street in Monticello for local working professionals as well as a steady second home population with 60% of the business made up of take out customers. The business has grown steadily over the past four years and wanted to expand an eat-in business area. The Partnership assisted Yanni’s through its Incubator Without Walls Loan Fund. Yanni’s has retained four full time jobs and the expansion project results in an additional five jobs. MEMBER EDUCATION SEMINARS & NETWORKING Our INVESTOR-MEMBERS benefit from EDUCATION-based seminars on relevant business topics that also double as wonderful networking opportunties. Our member education programs during our last fiscal year included: SEQRA Education Conference The State Environmental Quality Review Act plays such a significant role in development, that updating key stakeholders is critical to the success of any Economic Development entity. This event does just that. Local land use attorneys and environmental analysts gathered in January to review SEQRA basics and recent changes. Attendees left the day evening conference with a substantial reference guide to review the material covered during the conference. Business Preservation Seminar Breakfast Hosted by The Partnership and Sullivan County Chamber of Commerce this seminar helped educate business owners on how to minimize or eliminate certain federal and state taxes, minimize retirement taxes, and maximize retirement income. Attendees also learned about managing legal, health, and tax issues to successfully leave a business to one’s heirs. Sullivan United Mixer Held at the premiere Monticello Motor Club, this power networking opportunity was sponsored by a united business community including: The Partnership, Sullivan County Visitors Association, The Sullivan County Chamber of Commerce and The County of Sullivan IDA. Preparing Students for Future Workforce Demands In December, education leader, Dr. Bill Daggett, Ed.D., showed members specific strategies the nation’s most rapidly improving schools have developed to prepare students for success in a global economy, and the blueprint they used to meet these challenges successfully. DELIVERING ON STRATEGIC INITIATIVES C OR P OR AT E AT T R A C T I O N INVESTMENT REVENUE 2013 FINANCIAL SNAPSHOT INVESTMENT REVENUE 2009$76,599.16 $120,000 2010$77,089.50 $100,000 2011$75,250.00 2012$90,350.00 $80,000 2013$115,100.00 $60,000 TOTAL REVENUE/ALL SOURCE $40,000 2009$421,210.10 $20,000 2010$280,706.85 2011$265,755.89 $0 2009 2010 2011 2012$275,019.59 2013$349,097.03 2013 REVENUE Special Projects 2013 REVENUE 2012 2013 8% Investment Revenue $115,100.00 Special Events $11,615.00 Annual Meeting $40,850.00 IDA Contract 21% Program Administration $3,506.52 Interest Earned $525.51 IDA Contract $75,000.00 County Contract $75,000.00 County Contract Special Projects $27,500.00 21% Grand Total $349,097.03 Interest Earned 0% Investment Revenue 33% Annual Meeting Special Events 12% 3% Program Administration 1% Partnership for Economic Development Board of Directors Karen Fisher, FisherMears Associates, LLC (2015) Secretary Fred Stabbert III, Sullivan County Democrat (2015) Chairman George Kinne, Jeff Bank (2015) Vice Chairman Jacob Billig, Billig, Loughlin and Baer (2015) Treasurer Term Expires Michael Dollard Dan Grady Lela Nussbaum Gerald Skoda Alan Zuckerman MDM Fitness Factory, Inc. Hospice of Orange and Sullivan Counties First Niagara Bank Skoda Enterprises, Inc. Verticon, LTD 2016 2016 2016 2016 2016 Jim Bates Suzanne Loughlin Randy Resnick Gary Schmidt Ecological Analysis Firestorm Solutions, LLC Bernie’s Holiday Restaurant Schmidt’s Wholesale 2015 2015 2015 2015 Term Expires John Conway Darlene Fedun Glenn Gidaly Karin Hilgersom Lew Klugman Josh Sommers Richard Sush Glenn Sutherland Larry Wolinsky The Center for Discovery Bethel Woods Barton and Loguidice SUNY Sullivan Klugman Associates Focus Media Town of Thompson Catskill Hudson Bank Jacobowitz and Gubits, LLP 2014 2014 2014 2014 2014 2014 2014 2014 2014 Gerard Galarneau Catskill Regional Medical Center Cathy Paty Sullivan County Chamber of Commerce Joshua Potosek County of Sullivan OUR MEMBERS A.Alport & Son Plumbing Supplies A.Servidone Inc./B. Anthony Construction Achieve Rehab & Nursing Facility Advance Testing Company Aflac-Maia Aron Insurance Albella Restaurant , Inc. All Around the House Energy All Bright Electric Allison-Devore General Contractors, Inc. Alman Monti Taxi Corp. ALSCO Management, Inc. Argenio Brothers, Inc. Armistead Mechanical, Inc. ASB Greenworld Associated Mutual Insurance Cooperative Atzl, Scatassa & Zigler, P.C. Baez Associates Barriger & Company, Inc. Barton & Loguidice, D.P.C. Bella Poultry, Inc. Bernie’s Holiday Restaurant Billig, Loughlin and Baer Black Creek Development Blooming Grove Stair Company Blue Horizon Bluestein, Shapiro, Rich and Barone, LLP Bold Gold Media Group, LP/Thunder 102 Bridgeville Office Center Burnwell Propane Callanan Industries, Inc./Clemente Latham Concrete Capacity Business Consulting Carmine’s Meat Market LLC Catskill Dermatology, P.C. Catskill Distilling Co. LTD. Catskill Hudson Bank Catskill Prime Catskill Regional Medical Center CD Trips, LLC (Liberty Real Estates Ventures LLC) China City Regional Center, LLC Clearwater Distributors Inc. Clough, Harbour & Associates LLP Cochecton Alpha LLC Combined Energy Services Combined Properties of Sullivan County Community Foundation of Orange and Sullivan County, Inc. Concord Associates LP Construction Contractors Association Coombe Financial Services Cooper Arias LLP Co-Oper8 Marketing Group Council on Alcoholism & Drug Abuse of Sullivan County, Inc. County of Sullivan County Petroleum Products, Inc. Crystal Run Healthcare, LLP Cunningham Family Farms Inc. Cushman & Wakefield/Pyramid Brokerage Co. David Goldstein Construction Inc. DC Fabrication & Welding Deb El Foods Delaware Engineering PC Delaware Valley Job Corps. Dennis Lounsbury Builders, Inc. Design Cooperative (also Thomas V. DeCarlo) Detailed Creatings Dom Resort Inc./Delano Resort Drew, Davidoff & Edwards Law Offices, LLP Dunbar Equity Partners LLC-Sullivan Regency E. Tetz & Sons, Inc. Ecological Analysis, LLC Ecotech Spray Foam Empire Inspections and Appraisals Engineering & Surveying Properties, PC Enter Equity, Inc. EPR Properties(Formerly EPT:Concord) Fallsburg Central School District Firestorm Solutions LLC First National Bank of Jeffersonville First Niagara Bank FisherMears Associates, LLC Focus Media, Inc. Formaggio Cheese Garigliano Law Offices, LLP Glenn L. Smith, P.E., Consulting Engineer Glenwild Industrial LLC Global Natural Foods Gozza Graphics LLC Granite Associates, LP Grey’s Woodworks, Inc. Harold Brey & Sons, Inc. Harris, Monti & McLaughlin, Inc. Herschel Realty Corp. Hospice of Orange & Sullivan Counties, Inc. Hudson River Ventures LLC Hudson Valley Contracting/Hudson Valley DKI Hudson Valley Foie Gras Hudson Valley Investment Advisors, Inc. Hysana Garage Ideal Snacks Inn at Lake Joseph/Ivan Weinger Ass’ts, LTD Irwin Siegel Agency Inc. Jacobowitz and Gubits, LLP Joseph Gottlieb, P.E., P.C. Judelson, Giordano and Siegel CPA, PC Kalish Capital Mgt Kelly Engineering Keystone Associates, LLC Klugman Associates, Inc. Knack Pavloff & Company, LLP Kohl’s Distribution Center Kristt Kelly Office Systems Corp. Laborers Local 17 Lecet Lanc and Tully Engineering and Surveying PC Lander’s River Trips Law Office of Charles T. Bazydlo Law Office of M.L. Zager, P.C. Law Office of Paula Elaine Kay Law Office of Steven Kurlander Lawrence B. Miller Insurance Agency LC Construction and Sons Inc. LeChase Construction Services, LLC Liberty Community Development Corp. Liberty Iron Works Liberty Press/Liberty Litho, Inc. Liberty Trading Post LMP Realty LLC (Jose Lima) Luzon Environmental Services M & M Auto Group, Inc. M&T Bank Majek Furniture Warehouse Majestic Drug Co., Inc. Marshall & Sterling Monticello Branch Martco Management Corp. Martin Hersh Attorney at Law MB Food Processing, Inc. McGoey, Hauser & Edsall Consulting Engineers, P.C. MDM Fitness Factory, Inc. Media Solstice Medical Professional Liability Agency, LLC Mid-Hudson Co-Operative Ins., Co. Mike Preis Inc. Millenium Pipeline Misner Agency, Inc. MJ Hospitality and Remodeling Service LLC Monticello Casino and Raceway Monticello Central School District Monticello Motor Club Monty Alpha LLC Morgan Construction Enterprises, Inc. Mount Saint Mary College MS and DS Holdings Inc. Muss Organization Naser Agency, Inc. ND Pro Media, Inc. NES Rentals New Hope Community, Inc. New York Federal Regional Center LLC NYSEG Old Homestead Restaurant Orange and Rockland Utilities, Inc. Orange County Bancorp, Inc. (Orange County Trust) Parkwood Partners LLC Partners In Safety, Inc. PC Payroll Perreca Electric Co., Inc. Pestech Exterminating, Inc. PF Jefferson Holdings Piccolo Paese Plans and Profits, LLC Pomona Lake Partners LLC (Aaron’s Sales & Lease) Positive Design and Development Precision Engraving Prestige Towing and Recovery Prohibition Distillery Randolph Katz, D.M.D. Resnick Group Rettew Engineering and Surveying, PC RJ Katz Realty RJ Smith Realty Robert Green Auto and Truck Dealership Rolling V Bus Corp. Roto Rooter Plumbers and Septic Service Royal T Ranch Corp. Schmidt’s Wholesale Inc. Schumacher Systems, Inc. SDTC - The Center for Discovery Service Scaffold Company, Inc. Shawanga Lodge LLC Shepstone Management Co. Skoda Enterprise Inc. Sneaker World Snowdance Farm Southern Tier Title Agency, LLC Spencer Daniels Agency, Inc. Steingart Associates Inc. Sterling National Bank Stockbridge Munsee Tribe Stoloff & Silver, LLP Stone-Myer Consultants Inc. Stuart Communications, Inc./The River Reporter Sullivan Arc Sullivan CCRC (New York Resorts for Seniors) Sullivan County BOCES Sullivan County Chamber of Commerce Sullivan County Chamber of Commerce Foundation, Inc. Sullivan County Community College Sullivan County Democrat Sullivan County Farms Inc. Sullivan County IDA Sullivan County Paving & Construction Inc. Sullivan County SCORE Sullivan County Supervisor’s Association Sullivan Fire Protection Corp. Sullivan First Recycling Superior Surfacing Systems, LTD. Tectonic Engineering & Surveying Consultants P.C. The Ruby Group The Sullivan Thomas B. Hurbanek Insurance Agent Thompson Sanitation Corporation Time Warner Cable Times Herald Record Town & Country Preferred Properties, LLC Town of Bethel Town of Fallsburg Town of Liberty Town of Mamakating Town of Thompson Town of Wallkill Boys & Girls Club, Inc. Travel Inn/NuDesign Furniture Turner Construction Company United Way of Sullivan County Van Etten Oil Co., Inc. Veria Lifestyle Inc. Verticon LTD Village of Liberty Village of Monticello Warwick Resource Group Wasson Engineering Westage Management, LLC White Lake Mansion Windows on Broadway LLC Windsor School Woodbourne Landscape Supply, Inc. Woodstone Development, LLC Woodstone Lakes Development, LLC WSUL/WVOS Yanni’s Gyro Café Yogi Bear’s Jellystone Park Yukiguni Maitake Manufacturing Corporation of America THE SULLIVAN COUNTY PARTNERSHIP FOR ECONOMIC DEVELOPMENT 198 Bridgeville Road | Monticello, NY 12701 | Tel: 845.794.1110 | Email: [email protected] | www.scpartnership.com
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