SERVICES | ECONOMIC DEVELOPMENT FINANCING & ADMINISTRATION
Private investment is essential to economic development. In today's economic climate, public incentives are crucial to creating a competitive business environment. Camoin Associates assists economic development organizations and local governments in establishing public financing and tax incentive programs to foster private investment. We also advise the businesses and developers that utilize such programs. The firm brings working knowledge of an array of federal, state and local incentive programs to the table and advises its clients on using these programs to meet their objectives.
Greene County Microenterprise Assistance Program (MAP) Administration - Camoin Associates began assisting Greene County with its MAP Program in 2002. We analyzed applications to the low-interest loan program and made recommendations on funding for projects. Staff also redesigned an existing curriculum to reflect best practices, designed professional marketing materials, instructed a number of business planning classes and developed and maintained a website used by participants as a classroom training tool and small business management resource portal.
Save-A-Lot - Working with the Greene County Industrial Development Agency, Camoin Associates secured $750,000 from the New York State Governor's Office for Small Cities to facilitate the development of a 333,660 square foot warehouse/distribution center for Save-A-Lot grocery. The project resulted in the addition of 100 new jobs to the local economy.
Nova Bus/Area Development Corporation - Nova Bus, a member of the Volvo Group and part of Prevost, is a North American manufacturer of transit buses, selected Plattsburgh New York as the site of its first U.S. assembly facility. Camoin Associates assisted The Area Development Corporation with securing a $750,000 grant for equipment and job training. The project resulted in an investment of over $24 million in a new transportation manufacturing facility, immediately creating 248 full-time jobs.
The Flanagan Hotel - The Flanagan Hotel in Malone, New York has been an icon in the community since it was first built in 1914. In 1997 the Flanagan suffered a terrible fire, that left the Hotel vacant, and the community deflated. Camoin Associates, in partnership with the Village of Malone, and the project developers, UICC Holding, secured $2.1 million in Restore New York funding to assist with rehabilitation of the Flanagan Hotel. Restore funding will be used with a combination of New York Main Street and private financing to bring the Hotel back into operation and bring life back to the community's downtown.
Village of Malone - After working with the Village of Malone on an economic development strategy, Camoin Associates helped them complete an Office of Community Renewal application to improve the existing water main that serves the downtown. This water main had been in service since the 1880's and the current water pressure was far below that recommended by the State for fire safety purposes. Camoin Associates is also assisting in the administration of this grant including completing all reporting and monitoring requirements.
St. Lawrence Gas- Natural Gas Pipeline - In an effort to bring natural gas to residents of portions of Franklin and St. Lawrence County, the St. Lawrence Gas Company invested thousands of dollars in initial research and investigation work. Even with private investments and some public commitments, the Company still needed an additional $2.5 million to complete the infrastructure work. In collaboration with Franklin County and the St. Lawrence Gas Company, Camoin Associates successfully completed an Upstate Regional Blueprint Grant and they were awarded enough money for the project to be completed. It is anticipated that the availability of natural gas to residents, businesses and state facilities will provide a lower cost fuel and increase local economic development activities.
City of Plattsburgh - The City of Plattsburgh has taken many strides to reinvest in core areas of the City that had deteriorated through the years of suburbanization. Elm Street is located on the edge of downtown, is predominately low-income, and was characterized by deteriorated and antiquated infrastructure. Camoin Associates worked with the City of Plattsburgh to secure over $400,000 in Community Development Block Grant funding to install fire hydrants and a new water line, install separated sewer liens, and rebuild the roadway and sidewalks. The effect was to reduce flooding, manage stormwater, improve fire safety, and provide direct benefit to the community's residents.
Main Mill Street Investments, LLC - Once home to wall paper manufacturer Imperial Wall Coverings, Inc., the vacant 550,000 SF industrial building located in Plattsburgh New York was purchased by developer Main Mill Street Investments, LLC of Paso Robles California in 2008. The company developed plans to renovate the old industrial site into a multi-user industrial park for warehousing and manufacturing tenants in need of flexible and functional space. Camoin Associates assisted the developer in securing $2.5 million in New York State incentive financing for reconstruction and development.
American Locomotive Company Site Redevelopment - Camoin Associates assisted the Schenectady County Metroplex Development Authority in securing $4 million in Restore NY Program funds to transform the oldest Brownfield site in the country into a mixed-use waterfront development along the Mohawk River. The 40-acre site will ultimately house a modern business park and waterfront residential units. The first phase of the project will transform nearly 800,000 square feet of vacant industrial space through selective demolition and site preparation work, rehabilitation of two existing industrial buildings, and construction of a new 60,000 square foot Class A office building.
Schenectady Metroplex - In an effort to revitalize the downtown area, the City of Schenectady and the Schenectady County Metroplex Development Authority embarked on a mission to redevelop and renovate key properties in the core of downtown. Recognizing the fact that external funding was necessary, the City hired Camoin Associates to prepare a grant application for the New York State Restore New York Program.
The Restore Center City Schenectady project goal was to renovate the Center City Complex and the former Gazette Press Building. Both structures were in poor physical condition due to the lack of investment. The measurable results of this project included as many as 125 new jobs, over $7 million in new tax base, and eventually 20 new housing units in downtown Schenectady.
Village of Speculator Waterfront - The Village of Speculator, in partnership with the private not-for-profit Lake Pleasant-Sacandaga Association (LPSA), hired Camoin Associates to write a grant for financial assistance to install a 20 ft. public boat dock in the Speculator Village Park on Lake Pleasant. Camoin Associates was successful, and the dock was built on land immediately adjacent to the municipal beach along NYS Route 30 and near NYS Route 8, and allows the public use of an underutilized natural resource.
Town of Tupper Lake Park Improvements - The Town of Tupper Lake hired Camoin Associates to complete a grant application to the Environmental Protection Fund for improvements to the existing municipal golf course, creation of a x-country ski trail and the construction of a public handicapped accessible fishing platform along Cranberry Bog.
City of Plattsburgh- Local Waterfront Revitalization Plan - In an effort to implement the projects identified as part of the City's Local Waterfront Revitalization Plan, Camoin Associates worked with the City to obtain financial assistance for a variety of projects associated with their LWRP. One of these projects included a grant to remove a waterfront rail yard that was blocking public access to the waterfront. The removal of the rail yard will allow for 24 acres of waterfront use and mixed uses close to Lake Champlain, the Saranac River and downtown. The additional waterfront access and close proximity to downtown will generate economic activity and create immediate and future employment. The project is a vital step towards the City's ultimate goal of full implementation of its Local Waterfront Redevelopment Program that identified the need for public lake access and linkage to downtown.
Village of Monticello, Village of Corinth, City of Plattsburgh, City of Hudson, City of North Tonawanda, City of Olean & City of Lockport, Comprehensive Downtown Revitalization Program - Prepared successful comprehensive downtown revitalization program applications with various economic development, housing and infrastructure improvement activities. These $600,000 to $750,000 programs typically included the creation of new Commercial Space Improvement Program financing, the replacement of failing infrastructure, the rehabilitation of downtown owner-occupied and investor-owned housing units, the demolition of a vacant and blighted structure, and improvements to streetscape and parks.