After an overwhelming response, 20 companies representing all nine counties of the Greater Rochester, N.Y. Region have been selected to participate in New York State's first-ever economic gardening program. The GRE Economic Gardening Program, a transformational project outlined in the Finger Lakes Regional Economic Development Council's (FLREDC) Strategic Plan and administered by Greater Rochester Enterprise (GRE), targets second-stage companies with a goal of further accelerating business growth and job creation. A $200,000 grant awarded by the FLREDC through Empire State Development, along with matching funds from GRE, allows this program to be offered to the selected companies at no charge.
"Approximately 80 percent of our economic growth comes from businesses that are already located here," said GRE President and CEO Mark S. Peterson. "The GRE Economic Gardening Program is critically important because it helps local businesses expand and add jobs in the Greater Rochester Region."
"The GRE Economic Gardening Program is an innovative approach to business retention and expansion," said Joel Seligman, Finger Lakes Regional Economic Development Council Co-Chair and President of the University of Rochester. "I am pleased that GRE is moving ahead with this project and has identified existing growth-oriented companies to work with and to help those companies expand."
"This initiative will serve as a pilot project that may be replicated by other regions of the state and potentially connect all of New York State's economic development organizations," said Danny Wegman, Finger Lakes Regional Economic Development Council Co-Chair and CEO of Wegmans Food Markets. "This is just another example of the Finger Lakes region being innovative and setting a positive example that all can follow. It also supports our region's strategy to foster entrepreneurship, innovation, and business retention and expansion."
GRE and its economic development partners selected 20 companies that reflect diverse industry sectors that are driving the Greater Rochester Region's economy. The following companies were selected for the GRE Economic Gardening program:
o Abtex Corporation – produces application-specific abrasive filament power brushes and systems
o Applied Energy Solutions – designs and manufactures industrial battery chargers and other power supplies
o Corrosion Products & Equipment, Inc. – industrial distributor of pumps and plumbing devices, technical products
o CY Plastics – plastics material and resin manufacturer
o Danaren – dental laboratory
o eHealth Global Technologies, Inc. – information technology company
o Envative – information technology company
o Finger Lakes Technologies Group - telecommunications company
o Framing Technology, Inc. – aluminum extruded product manufacturer
o Hazlitt's Red Cat Cellars – beverage manufacturer
o Legendary Auto Interiors, Ltd. – manufacturer and distributor of original and custom automotive interior soft trim
o Once Again Nut Butter – food manufacturer
o OrCon Industries – industrial packaging manufacturer
o Pharma-Smart International, Inc. – manufacturer and distributor of automated blood pressure kiosks
o Premium CoPack – packages and ships snack food products
o R.S. Maher & Son Inc. – freight company and sawdust manufacturer/distributor
o Savage IO – computer storage device manufacturer
o Sustainable Energy Developments, Inc. – developer of cost-efficient, renewable energy solutions
o Upstate Door, Inc. – custom high-end residential door/entryway manufacturer
o Virtual Polymer Compounds LLC – fiberglass manufacturer
A team of national experts provided by the Edward Lowe Foundation will work with leaders from each of the 20 companies to develop a plan to further accelerate their business success. Participants will have access to a suite of high-end, high-speed technical assistance, including help identifying qualified sales leads; mapping to facilitate targeted marketing efforts; reviewing core strategies related to commodity and niche markets; analyzing employee temperament to build strong management teams and recruit talent; examining social media utilization; and search engine optimization guidance.
Program partners include the County of Monroe Industrial Development Agency, County of Orleans Industrial Development Agency, Edward Lowe Foundation, Empire State Development, Finger Lakes Economic Development Center, Genesee County Economic Development Center, Livingston County Development Group, Ontario County Industrial Development Agency, Orleans Economic Development Agency, Seneca County Industrial Development Agency, Wayne County Industrial Development Agency, Wyoming County Business Center, and the Wyoming County Industrial Development Agency.
Located in the heart of New York's technology corridor, Greater Rochester Enterprise (GRE) is a public-private partnership established to professionally market the Rochester metropolitan region as a competitive, high-profile place for business location and growth. Its efforts support business attraction and expansion as well as entrepreneurship and innovation. GRE collaborates with businesses, universities, not-for-profit organizations and government leaders to ensure a unified approach to regional economic development. For more information, please go to www.RochesterBiz.com.
As part of "The New New York Works For Business" campaign, the state has launched a new website – www.thenewNY.com – which provides quick access to information for all areas of business assistance available from New York State. From starting a business, to accessing tax credits and funding incentives, to international trade, to regional assistance, this is a one-stop shop for all businesses to successfully thrive in New York.
To learn more about each regional council and their economic development plans, visit www.regionalcouncils.ny.gov.