WNY WNY Region gional l Cou ounc ncil il Mee Meeting ting May May 9, 9, 2019 2019 9:00 9:00 a.m. a.m. to to 11 11:00 :00 a.m. a.m. SUNY SUNY F Fred edonia nia Wil illi liams ams Center enter Multipur Multipurpose pose Roo oom 28 280 0 Cen entr tral al Aven enue ue Fred edonia, ia, NY NY 140 14063 63
Western New York Regional Council Meeting Opening Remarks Jeff Belt & Dr. Virginia Horvath Co-Chairs WNY Regional Economic Development Council
Western New York Regional Council Meeting Executive Director’s Report Amanda Mays Executive Director WNY Regional Economic Development Council
Western New York Regional Council Meeting East Side Corridor Economic Development Fund Overview Laura Quebral Executive Director UBRI
East Side East Side Corrid Corridor or Economic Development Fund
How is Buffalo implementing the Billion? Strategies for Buffalo East Side Corridor Economic $65M dedicated to the Development Revitalization efforts on Fund the East Side
9 Investment Areas in 4 Corridors 7 Fillmore Avenue Michigan Avenue 3 Corridor Corridor Main and Fillmore Historic Michigan 3 1 4 Northland 4 5 MLK Park Business 8 Jefferson Avenue District 2 Corridor 5 6 Broadway Fillmore Jefferson Avenue 2 Commercial District Bailey Avenue 6 Corridor 1 Kensington Bailey 7 Bailey Green 8 9 Clinton Bailey 9
What investments has NYS made From 2006-2016, the City of Buffalo invested more since 2011 on Buffalo’s East Side? than $184 million on the East Side Since 2011, NYS invested more than $237 million on the East Side
What do we hope to achieve with the East Side Corridor Economic Development Fund? Goals of Fund Promote mixed-use, walkable Support and grow new businesses commercial corridors and entrepreneurship Fund projects that have strong Invest in regionally significant community momentum historical and natural assets Expand opportunities for Build on transformational workforce connections public/private investments
In what types of projects will the East Side Corridor Economic Development Fund invest? Aligned with the economic development goals of the Fund Primarily capital Ready to be implemented within five years Spearheaded by organizations that have capacity and expertise to implement
Actions to Date Perspectives from the Analysis community and stakeholders 4 stakeholder meetings Detailed with 130 total participants analysis of data and past 42 listening sessions investments based on project submission forms
Housing: Buffalo Neighborhood Stabilization Fund Investing in a multi-pronged housing initiative that will increase homeownership, prevent foreclosure, and target zombie properties on the East Side
Assets Investing in ML MLK K Pa Park rk significant community Buffalo Buffa lo Museu Mu seum m of of anchors to ensure Science Science they remain accessible, safe Broa Broadway dway and relevant Ma Market rket Commu Co mmunity nity Solar Sol ar Ar Arra ray y at at Northla Nort hland nd
Direct Funding Schreiber Schreiber Investing in Brewery Brewery Va Varsity rsity Theate Theater mixed-use projects along the corridors that will help spur private Black Ac Bla ck Achievers hievers investment Museu Mu seum Beverl Beverly y Gra Gray Torn To rn Spa Space ce Nash Nash Lo Lofts fts Theater Thea ter
Infrastructure Investing in targeted streetscape and infrastructure improvements that enhance and support the Fillmore Fill more Ave. Ave. Bailey Bailey Ave. Ave. programs and projects in the East Side Corridor Economic Development Fund Jefferson Av Jefferson Ave. e. Michiga Michigan n Av Ave. e.
Why foundations are essential Foundations Investing in people & places. ESD
East Side Program Initiatives for long term sustainability and transformational change EAST SIDE COMMUNITY-BASED BUILDING MAIN REAL ESTATE PRESERVATION STREETS DEVELOPMENT FUND INITIATIVE TRAINING PROGRAM MICHIGAN STREET PROJECT AFRICAN AMERICAN IMPLEMENTATION CENTRAL TERMINAL HERITAGE CORRIDOR TEAM
EAST SIDE MAIN STREETS INITIATIVE WHAT WE LEARNED THE OPPORTUNITY There are many small Expand the Buffalo Main business enhancement Streets Initiative to fund opportunities in core areas building renovations and that could help expand public space neighborhood-serving enhancements in three to businesses and increase four East Side target mixed-use offerings along investment areas. the East Side’s commercial corridors.
COMMUNITY-BASED REAL ESTATE DEVELOPMENT TRAINING PROGRAM WHAT WE LEARNED THE OPPORTUNITY There are East Side community Harness the East Side’s members who own buildings human capital and ensure or see real estate and that revitalization is driven community development by the community through opportunities, but may lack real estate development the expertise to successfully education . plan and implement a real estate development project.
BUILDING PRESERVATION FUND WHAT WE LEARNED THE OPPORTUNITY More than in any other area Establish a dedicated of the city, the East Side has funding source to support historic buildings in acquisition and danger of demolition by stabilization of at-risk neglect. historic buildings in the target investment areas.
MICHIGAN STREET AFRICAN AMERICAN HERITAGE CORRIDOR WHAT WE LEARNED THE OPPORTUNITY There is a need for increased Create a cooperative consensus, cooperation and operating/business model coordination along Michigan and plan for capital Street’s African American improvements for a unified Heritage Corridor. tourist destination around Michigan Street’s unique assets.
CENTRAL TERMINAL WHAT WE LEARNED THE OPPORTUNITY There is opportunity to Plan for the future of leverage over $5M in dedicated the site and create a public funds and redevelop robust organization to Broadway Fillmore’s guide capital significant landmark building improvements with to attract private investment the goal to eventually and visitors to the area. reuse the entire complex.
PROJECT IMPLEMENTATION TEAM WHAT WE LEARNED THE OPPORTUNITY There is a need for an entity Implement an integrated work to implement an integrated plan by monitoring and work plan and provide reporting on progress; offering coordination across all strategic interventions ; building programs. organizational capacity ; providing opportunity for peer- to-peer assistance ; and learning from successful national models .
$10M $10M HOUSING BUFFALO NEIGHBORHOOD STABILIZATION FUND $6.6M MLK PARK DISTRICT ASSETS Support from Foundations $4M BROADWAY MARKET $2M COMMUNITY SOLAR ARRAY AT NORTHLAND $25M EAST SIDE MAIN STREETS INITIATIVE MICHIGAN STREET AFRICAN AMERICAN COMMUNITY-BASED $7M HERITAGE CORRIDOR REAL ESTATE DEVELOPMENT TRAINING PROGRAM CENTRAL TERMINAL $5.4M BUILDING PRESERVATION FUND EAST SIDE MAIN STREETS INITIATIVE PROGRAMS MICHIGAN STREET FOR AFRICAN AMERICAN FUTURE COMMUNITY-BASED REAL ESTATE $12.6M HERITAGE CORRIDOR PROJECTS DEVELOPMENT TRAINING PROGRAM CENTRAL TERMINAL BUILDING PRESERVATION FUND PROJECT $7.4M $7.4M DIRECT FUNDING DIRECT PROJECT ASSISTANCE IMPLEMENTATION TEAM Total of $10M INFRASTRUCTURE TO SUPPORT AND $10M INFRASTRUCTURE ENHANCE INVESTMENTS $8.7M $65M ESD Total Investment
Why it’s worth considering It’s strategic. It’s catalytic. It’s a unique moment in Coordinated and Based on what time with collaborative the data and over time for incredible community is lasting impact. telling us. leverage. For every $1 of foundation investment, the state is investing $7.50. 5 YR collaborative strategy Meant to address all of the needs we saw in our planning
Western New York Regional Council Meeting WNY Economic Development Priorities John Maggiore Senior Advisor to the Governor for Upstate Economic Development
Western New York Regional Council Meeting Workforce Development Initiative Madhuri Kommareddi Director NYS Workforce Development Office
Workforce Development Initiative Consolidated Funding Application (CFA)
Overview • New $175 million Workforce Development Initiative, with funding from SUNY, CUNY, ESD, the NYS Department of Labor and the NYS Energy Research and Development Authority • Announced in Governor Cuomo’s 2018 State of the State and released in the FY 2019 Enacted Budget • New Executive Office of Workforce Development (OWD) created to coordinate, and improve transparency of, workforce development efforts across state entities • Two-phase, NO-DEADLINE funding application process: 1) initial evaluation by REDC workforce committee; 2) final review by an interagency panel • Priority focus on projects that support the regional workforce development strategy, serve populations with barriers to career advancement, and/or improve the flexibility of workforce systems to address industry needs
Consolidated Funding Application (CFA) • Serves as a single point of entry for workforce development funding • Developed to streamline and expedite the application process for funding • Designed to ensure: • Less bureaucracy • Greater efficiencies • Improved community input • Enhanced partnerships
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