Vision

The Capital Region Economic Ecosystem:

Locally collaborative. Globally competitive. Economically vibrant. Private Sector, Academia & Government Work in Harmony Attract Business, International Investment & World-Class Talent Build on Our Strengths & Assets Understand & Capitalize on Opportunities Develop & Attract the Resources Support Small Business Encourage & Assist Entrepreneurs Attract the Best & Brightest Students Retain the World-Class Talent in the Region

Assets & Strengths

Natural Beauty Cultural & Historical Opportunities Diverse, Growing Economy
Major Firm Expansion Multiple Start-ups Stable Small & Medium Enterprises Strong Agricultural Sector

World-Class Higher Education

Public and Private Universities and Colleges Attractors of Investment & People Idea Generation & Translation Movement from Lab to Marketplace

Assets & Strengths

Technological Innovation Nanotechnology High-Performance Computing Green Technology Biotechnology Public and Private Investment Access to Markets Major Domestic Markets International Markets

Goals
Leverage & Collaborate Open New Doors Prepare for Tomorrow Build a Superhighway Bring Cities to Life Celebrate & Optimize Our Surroundings Showcase Our Beauty Spotlight Our Strengths

Opportunities
Building on Our Assets & Strengths: Create 21st Century Infrastructure
Communications Computation Transportation Energy

Improve & Add Access to Capital

Capitalize On & Strengthen Research Universities Build Stronger Partnerships, Collaborations, Coalitions Across Multiple Sectors Revitalize Our Urban Areas Market the Region - Regional Brand & Identity

Transformative Projects
Broadly Transformative Initiatives & Projects: Leverage $487MM in Early Economic Growth from a $45MM State Investment Leverage Nearly $11 in Private Investment for Every $1 Invested by New York State Create Thousands of Jobs

Transformative Projects
Transformative Projects & Initiatives Categories: 6 Broadly Transformative (Seeking Funding) 15 Locally & Economically Significant Transformative Projects (Seeking Funding) 5 Transformative (No Funding Sought/Endorsed by CREDC) Nearly 400 CFA Projects Reviewed Projects Prioritized Based on: Alignment w/ Transformative Evaluation Criteria Alignment w/ CFA Endorsement Criteria Linkage to CREDC Strategic Plan & Transformative Initiatives

Transformative Projects 21st Century Infrastructure

Access to the WorldBroadband Access:
Incentivize & Fund High-Speed Broadband
$7.18MM State Investment to Leverage $20.2MM

Access to New Markets New Business Creation & Increase Competitiveness Ensure Reliable, Cost-Effective, Best in Class Access Expand Coverage By 10% Over 5 Years

Transformative Projects 21st Century Infrastructure

High-Performance Computation: Key Enabler for Research, Industrial Productivity, Sustainable Smart Environments Petascale Project - Public/Private partnership - IBM, Academic Institutions, New York State Exascale Computing (1018) is Coming & is a Disruptive Technology Petascale is a Critical Enabler of Exascale
One Quadrillion Operations a Second (1015)

Builds on Current Regional Strength in Terascale (1012)

Housed in Existing (CCNI) Facility at Rensselaer Technology Park

Project Will Bring One of the Worlds First Petascale Computing Systems to New York State Capital Region an Anchor for State-wide HPC Network

Transformative Projects 21st Century Infrastructure

Smart Grid

Graphene Nanosheets Intelligent Systems

Stem Cells

Energy Nanomaterial

Transformative Projects 21st Century Infrastructure

High-Performance Computation:
Double Federal Funding to the Region Increase Users from 700 to 2000 Increase Corporate Use from 20 to 200 Increase Productivity by 30% Deliver 6,000 New Jobs $25MM State Investment to Leverage $125MM

Opening The Doors to Solving Global Challenges

Transformative Projects Leverage & Collaborate

Leverage Existing Intellectual Capital & Platforms Biomedical, Nanoscience Increase NIH funding at least 5% Increase other Federal Funding 25% Increase Privately Funded research 10% Total Increased Research Funding: $120MM $4.5MM State Investment

New York Capital Research Alliance:

Partners:
Albany Medical Center University at Albany Rensselaer Additional Private & Public Partners

Transformative Projects Leverage & Collaborate

Food & Agriculture Product Collaborative Procurement Portal:
3,300 Businesses, $9.9B in Annual Revenue Create Portal: Valuable Tool for 300 Farms & Food-Related Businesses Pilot to Schools & Health Care Institutions 10% Penetration to Our Schools & Health Care Institutions $250,000 State Investment to leverage $11MM per year

Capital Region Access to Solutions Center/ Foundation for Success Fund:

Leverage Intellectual Capital & Entrepreneurial Culture Resource Center to Support All Businesses
Business Concierge to Shepherd Business
Mentoring, Business Planning, Legal & Accounting Services, Regulatory Guidance

Transformative Projects Open New Doors

Access to Capital
Fill Funding Gaps for Small Businesses & Start-ups Create a $100 million revolving loan fund to assist at least 1,000 small businesses and entrepreneurs

$776K State Investment to Leverage > $102MM

Transformative Projects Showcase Our Beauty & Spotlight Our Assets

Enhance Tourism:
$2.1 Billion Annually into Regional Economy 3,500 Companies & Employs >15,000 Increase Collaboration
Tourism Coalition Cultural Collaborative Media Coalition

Invest in Specific Projects to Increase Tourism

$5.5MM State Investment to Leverage $193.5MM

Establish 3 Linked Arts & Cultural Events by 2016 Solid Brand Platform to Increase Tourism by Q1 2012

Capital Region
Capitalize on Distinctive Strengths Catalyze Creation of New Industries & Approaches
Increase Jobs, Prosperity, Quality of Life

Strategic Plan vs. Stimulus Plan

A strategic plan leads to a long-term ecosystem of growth while a stimulus plan creates a short burst of activity to restart a stagnant, but previously well functioning, ecosystem.

Scoring Criteria

Our Vision

Locally collaborative. Globally competitive. Economically vibrant. a destination of choice for business, international investment and worldclass talent.

Rankings
Albany Metro ranks #1 in High Tech Hubs and #5 in Economic Growth Potential (Business Facilities) Albany 28th in concentration of young brainpower (Area Development) Albany ranks 14th in Brookings national clean economy study (Brookings) University at Albany-SUNY Nanotechnology undergraduate program identified as top-notch in cool and practical fields (Mother Jones)

Rankings
Americas Best Places To Raise A Family, Albany-Schenectady-Troy, 9th (Forbes) Americas Most Innovative Cities, Albany, 15th (Forbes) Best Bang-for-the-Buck Cities, Albany-SchenectadyTroy, 30th (Forbes) Best Cities for College Students, Albany, 14th (American Institute for Economic Research) Best Places for Relocating Families (Primacy Relocation)

Transformative Initiatives
New York Capital Research Alliance Positioning for Leadership in High Performance Computing High Performance Computing Consortium Capital Region Access to Solutions Program Center/Foundation for Success Loan Fund Open for Business Consolidation Initiative Foreign Investment Capital Region Collaborative Procurement Portal Capital Region Access to the World Enhancing Tourism

Our Process

Our Process

Our Process

Our Strategies
Sectors Leverage & collaborate Open new doors Prepare for tomorrow Build a superhighway Bring cities to life Celebrate & optimize our surroundings Showcase our beauty Spotlight our strengths

Education Healthcare Non-Profits BioTech & Nanotech Agribusiness Tourism Small Business Manufacturing

Our Strategies
Issues/Opportunities Broadband Public/private partnerships Waterways/natural resources Agribusiness Arts, Culture, Tourism Workforce Goals Leverage & collaborate Open new doors Prepare for tomorrow Build a superhighway Bring cities to life Celebrate & optimize our surroundings Showcase our beauty Spotlight our strengths

Sample Projects
New York Capital Research Alliance Capital Region Access to Solutions Program Center/Foundation for Success Loan Fund HVCC Online Workforce Development Project Warren & Washington Counties Broadband Project Rensselaer Riverfront Redevelopment Project Capital Region Collaborative Procurement Portal Agribusiness Destination Windham Media Coalition

Our Strategies
Technology Non-Profits

Waterways Entrepreneurship Urban Centers

Some Desired Outcomes

Leverage & collaborate
Minimum 25% increase in research funding from government entities other than NIH Leverage consolidation efforts of $50 million on new investment over five years

Open new doors

$100 million revolving loan fund to assist small businesses and entrepreneurs within the first half of 2012 Finance and provide business development support to 8-12 agribusinesses via the new lending coalition

Prepare for tomorrow

Grow STEM jobs by 12% by 2016 Increase internship opportunities by 20% by 2016

Build a superhighway
Restore 10% of underutilized waterfront property over five years Expand Regional broadband coverage by at least 10% over the next five years in underserved areas

Some Desired Outcomes

Bring cities to life
The vibrancy of storefront space in the Capital Region urban areas will improve noticeably, targeted at a goal of reducing vacancies in such space by 50% A test-bed for next-generation devices for use in urban transportation, energy, communications, and other sectors

Celebrate & optimize

Three Regional farm & food trail programs will be created to highlight the local products and the land that provides them Bridge collaboration between the Regions higher-ed programs and institutions

Showcase our beauty

Establish one new linked series of arts/cultural events by the end of 2012 Increase funding for urban revitalization within the Region by 10% by 2016

Spotlight our strengths

Develop a solid brand platform to promote the Capital Region via print, radio, outdoor, Web and TV Execute two PSA campaigns annually to promote the Region as the first destination in New York

Implementation & Operationalizing the Plan

Transformational Projects: 0 36+ months
1 1 3 4 6 7 9 7 7 7 Long-Term Mid-Term Near-Term 6 7

Planning

Funding

Execution Creation of Wealth

Implementation & Operationalizing the Plan

Council-Supported Projects: 0 36+ months
4 5 5

Long-Term Mid-Term Near-Term

Planning

Execution

Creation of Wealth

Implementation

Leverage Resources

Leverage Resources
Were more about leveraging people and our assets

Performance Measures

Performance Measures

Performance Measures

Performance Measures