Announcing the REDC PTAC Center at Think Dutchess

March 1, 2018

REDC Procurement Technical Assistance Center Opens New Satellite Office in Dutchess County, N.Y.

Center Will Partner with Think Dutchess to Support Regional Business Development Activities

(POUGHKEEPSIE, N.Y. – March 1, 2018) — Think Dutchess Alliance for Business is pleased to welcome the new satellite office of Rockland Economic Development Corporation’s Procurement Technical Assistance Center (REDC PTAC) to Dutchess County, N.Y.  The new site will be conveniently located at Think Dutchess’ office at 3 Neptune Rd, Poughkeepsie, N.Y. 12601.

Established in 1986, REDC PTAC is a free resource for businesses pursuing and performing under government contracts. This includes contracts with the U.S. Department of Defense and other federal agencies as well as state and local government agencies.

Aligning with Think Dutchess’ goal to advance business expansion in Dutchess County, REDC PTAC offers complimentary government contracting services, such as one-on-one counseling, educational opportunities, certification information and research assistance to identify potential bidding options. Thanks to its new location in Poughkeepsie, REDC PTAC is now well-positioned to offer these types of tailored business assistance and support services to companies in Dutchess County.

“Our goal is to help as many businesses in Dutchess County to sell their products and services to government entities,” said Lin Simeti, PTAC Program Director. “Our business assistance and support network identify and connect small businesses to the right local, state and federal agencies.”

“As a premier business-led organization, Think Dutchess Alliance for Business is proud to partner with REDC PATC to launch its new satellite office,” said Sarah Lee, CEO of Think Dutchess.

“At Think Dutchess, our mission is to serve as a one-stop shop for business development needs and activities in Dutchess County. By welcoming REDC PTAC to join our office, our team will be even better equipped to support, develop and grow business and economic development in the county.”

For more information on REDC PTAC, please visit http://www.redc.org/ptac/ or learn more about its services at https://youtu.be/_mX88Sr18x8.

 

About Think Dutchess Alliance for Business

Think Dutchess Alliance for Business, formerly Dutchess County Economic Development Corporation, is the one-stop shop for business development needs and activities in Dutchess County, New York. It’s a business-led, nationally recognized 501(c)(3) nonprofit organization and economic development corporation, whose mission is to attract, retain, and expand for-profit and not-for-profit businesses for the benefit of Dutchess County. Think Dutchess’ organizational structure includes programs in business retention and expansion, financial counseling and deal structuring, zoning, commercial real estate, innovation and technology, strategic marketing and municipal advocacy. For more information about Think Dutchess Alliance for Business, visit www.thinkduchess.com.

 

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Media Contact:

Rachel Welch

Communications Coordinator

Think Dutchess Alliance for Business

office: 845.463.5400

direct: 845.463.5401

email: rachel@thinkdutchess.com

 

Asahi Shuzo International Establishes New York’s Largest Sake Brewery in Dutchess County

The Japanese company will invest more than $28 million and create 32 new jobs in Hyde Park, N.Y.

 Sake Company Announces Manufacturing Facility in Dutchess County NYL to R: Kazuhiro Sakurai, Tim Ryan, Hiroshi Sakurai. Credit: The Culinary Institute of America

Japanese brewing company Asahi Shuzo International today announced plans to open its first U.S. sake brewery in Dutchess County, N.Y. A maker of world-renowned DASSAI premium sake, the company will invest more than $28 million in a vacant building in Hyde Park, N.Y., aiming to produce more than 332,000 gallons of sake annually. The company’s international expansion will create 32 new jobs.

As part of its decision to expand in Dutchess County, Asahi Shuzo will also partner with the Culinary Institute of America on future R&D opportunities, including the development of new curriculum, certification programs, workshops and special events. The partnership will seek to increase the awareness of sake within the United States market.International Sake Company Moves to Dutchess County

“When looking for a site to build our first U.S. brewery, we knew we wanted to differentiate ourselves from other sake brewers,” said Asahi Shuzo Chairman, Hiroshi Sakurai. “The proximity to The CIA, located in the heart of the Hudson Valley, is an ideal fit. We are excited to cultivate this new relationship.”

To encourage Asahi Shuzo’s growth in Dutchess County, the Think Dutchess Alliance for Business helped Asahi Shuzo secure the new property and appropriate zoning amendments, along with the Town of Hyde Park. Additionally, Empire State Development offered the company up to $588,235 in performance-based tax credits through the Excelsior Jobs Program.

“We’re proud to welcome Japanese brewing company Asahi Shuzo International to Hyde Park, N.Y.,” said Sarah Lee, CEO of Think Dutchess. “The fact that an international beverage producer has chosen to expand in Dutchess County for its first U.S. location proves how fast-growing and innovative our craft beverage and agri-business industry truly is.”

Source: Empire State Development and The Culinary Institute of America  

Waterfront Development and Investment Opportunity

Opportunity for Sustainable Transit Oriented Waterfront Redevelopment

MTA Transit Oriented Development RFEI

A redevelopment initiative conducted by the MTA in collaboration with the City of Poughkeepsie is underway and has issued a Request For Expression of Interest (RFEI) for Transit-Oriented Development (TOD).  The RFEI sets the stage for mixed-use redevelopment of underutilized land adjacent to the historic rail terminal.  These sites have spectacular views of the Hudson River and enjoy direct access to waterfront amenities and a thriving downtown.

As one of the largest cities in the Hudson Valley, Poughkeepsie has that vibe – the one you can only feel in a community that’s on the verge of a new era and filled with “Poughtential.” It’s the same feeling that neighboring Beacon, N.Y. had once DIA:Beacon was established, which fueled a dynamic rebirth of a historic river city once longing for visitors, residents and investment. With nearly $1 billion in major projects and more than $2 billion in developments in the planning or permit phase in Dutchess County, Poughkeepsie is in the center of that surge, bolstered by a 14-block, more than $500 million investment by Vassar Brothers Medical Center. In addition to large projects like Vassar, small businesses and entrepreneurs are also choosing to relocate in Poughkeepsie, with many leaving New York City’s outer boroughs for lower cost yet effortlessly cool warehouse buildings that once housed the city’s brewing, whaling and manufacturing industries.

A TOD provides an opportunity for enhanced economic development of the region and appeals to a broad market of potential users.  According to the RFEI, opportunities may include a mix of residential, retail, office/commercial, hotel, and expanded commuter parking elements.

Those interested in responding can download the RFEI here to learn more about submission guidelines and deadlines.

For additional information on available sites, buildings, and opportunities available in Dutchess County, contact Think Dutchess Director of Business Attraction, Don Minichino at 845.463.5404.

 

Dutchess County Outpaces Region, State and Nation for Private Sector Job Growth

Dutchess County’s private sector job growth increased 2.7% in November and 3% in December of last year.

Dutchess County Outpaces Region, State and Nation for Private Sector Job Growth

According to the New York State Department of Labor, the Dutchess-Putnam MSA’s private sector job growth rate rose to 3% in December 2017, ranking above the growth rates of the Hudson Valley Region (1.4%), New York State (1.4%) and the United States (1.7%), respectively.

Dutchess County also outperformed the month prior, when the November 2017 Dutchess-Putnam MSA private sector job growth rate totaled 2.7%, a number well above the growth rates of the Hudson Valley Region (1.6%), New York State (1.4%) and United States (1.7%) overall.

In 2017, Dutchess County also tied with Putnam County for the lowest unemployment rate of all seven counties in the Hudson Valley, with both counties coming in at 4.3% unemployment in November and 4.1% unemployment in December, respectively.

A longtime home to global corporations like IBM and Gap, as well as emerging hub for startups and small businesses, Dutchess County is well-positioned for further growth in the 2018.

Think Dutchess Alliance for Business has already supported several current investments in the county, including National Resources’ redevelopment of a former IBM campus into the $300 million iPark City, East Fishkill’s new $25 million Sports Kingdome and the $510 million expansion of Vassar Brother Medical Center―the largest construction project in Poughkeepsie to date.

Source: New York State Department of Labor

COMPANY PROFILE: IBM

Why one of America’s top tech companies has called Dutchess County home for nearly 75 years

A corporate name synonymous with innovation and reinvention, IBM has a historic legacy in Dutchess County, N.Y. Over the last several decades, IBM operations in the county have generated large numbers of jobs and produced some of “Big Blue’s” most iconic technologies, including all of IBM’s mainframes and IBM Deep Blue, which famously became the first computer to beat a world chess master.

IBM Aerial in Poughkeepsie
Aerial view of IBM’s Dutchess County operations

IBM’s presence in Dutchess County began in 1941 when the company purchased a second campus in Poughkeepsie, N.Y. In 1962, after IBM grew to more than 100,000 employees nationwide, the company expanded to more than 400 acres in East Fishkill, N.Y. Here, IBM introduced its first mainframe computer, the System/360, a server that revolutionized business due to its use of semiconductor technology and established IBM as a leader in the computing industry.

IBM Z Marc Molinaro Dutchess County
Dutchess County Executive Marcus Molinaro and Maria Boonie, IBM Vice President, z Systems Software Development

Today, Dutchess County continues to serve as one of IBM’s top U.S. manufacturing locations, churning out mainframe technology for the 21st century, known as z Systems. In 2017, the Fortune 500 company unveiled its latest edition, IBM z14, which is capable of computing 12 billion cybersecure exchanges daily and supports 87 percent of credit card transactions around the globe, totaling almost $8 trillion payments annually.

Currently, IBM’s Dutchess County workforce is made up of more than 50 percent engineers, with many coming from nearby schools like Marist College. The company’s Dutchess County employees have also secured more than 6,000 patents over the course of IBM’s history.    While its focus has long been on providing the best technology, IBM has also made strides in design. In 2017, IBM Poughkeepsie was awarded the title of IBM’s 37th official “Design Studio,” making it part of a global network of offices that champion IBM Design Thinking.

IBM softwear engineer in Poughkeepsie
IBM softwear engineer in Poughkeepsie

Like all things, as the times have changed, so has IBM. Although the company downsized in the 1990’s from its massive 1960-era operations, previously-owned IBM property still plays a major role in Dutchess County. Today, much of IBM’s original East Fishkill campus is owned by GLOBALFOUNDRIES, a California-based semiconductor manufacturing company, which employs 2,500 people on 160 acres of active manufacturing space.

In 2017, thanks to the help of Think Dutchess, Connecticut real estate group National Resources announced further plans to redevelop 300 acres of the campus into a mixed-use office, retail, hotel and residential development, known as iPark City. Also located at the former campus, Dutchess County’s new $25 million Sports Kingdome will soon be the world’s largest air-supported sports dome, estimated to attract 500,000 visitors annually.

 

To learn more about IBM’s longstanding presence in Dutchess County, download the inaugural issue of Think Dutchess Magazine.

 

For more information on expanding or relocating your business to Dutchess County, please contact Don Minichino, Director of Business Attraction, at 845.463.5404 or don@thinkdutchess.com.

 

Success Stories: More Good

COMPANY PROFILE: MORE GOOD

People. Planet. Profit.

That’s More Good’s triple bottom line.

Founded in 2012, Jason Schuler identified an opportunity to impact the three things that defined his personal ethos of success. From behind the bar, Schuler took his knowledge of the beverage industry and passion for spices to create More Good. Beginning first with a line of handcrafted mixers and syrups to create healthier cocktails, demand for the syrups forced the company to quickly outgrow their 200 square foot facility. This rapid expansion led More Good to its current 2,000 square foot retail location which includes loose teas, bitters, spices and other bar accouterments in Beacon, NY. The location also serves as More Good’s manufacturing facility.

More Good’s location also operates a commissary kitchen and acts as a co-packing facility to support local food and beverage entrepreneurs. This multi-function facility is once again bursting at the seams and will be moving to a larger location in Dutchess County in the coming year.

Working closely with Dutchess County farms, artisans, and the community  Schuler’s philanthropy is not just regional. More Good’s commitment to social responsibility leverages local success to create global impact. Through strategic partnerships, More Good has raised more than $25,000 to fund water wells in Ghana, Haiti and other developing countries.

                             

 

 

 

 

 

 

 

 

 

 

   

     

Recently honored as our Business of the Year at the 2017 Business Excellence Awards, we are happy to have Jason be such an example of the way a business can thrive in Dutchess.

 

 

 

 

 

 

 

 

Success Stories: Crown Maple

COMPANY PROFILE: CROWN MAPLE

From bark to bottle, Crown Maple exemplifies the spirit of Dutchess County agri-business

When Robb Turner and his wife, Lydia, began their search for the ideal family vacation home in 2007, they couldn’t have imagined a sweeter deal. After hunting for a getaway in Dutchess County, they landed on a picturesque 800-acre property in Dover Plains, lush with aged maple trees. Soon, neighbors began to tease them about tapping the land’s abundance of red and sugar maple trees for their golden insides.

The idea stuck. A former West Point engineer, Harvard Business School graduate and successful financier, Robb poured his efforts into developing what is today known as Crown Maple syrup. He tapped into the expertise of experts from Cornell University’s Uihlein Sugar Maple Research and Extension Field Station to formulate a production process that would be sustainable, consistent, and create the purest, 100% organic syrup available.

Madava Farms, named for the Turner’s daughters Maddie and Ava, began its Crown Maple operations in 2010. Today, the company employs more than 30 people and produces syrup from 400,000 taps―the highest production rate in North America. Their estate also boasts one of the industry’s nicest sugarhouses, with more than 27,000 square feet of gleaming stainless steel production machines, each optimized for sustainable production.


Crown Maple products have received accolades from The Wall Street Journal and have even held a spot on the White House dinner table. New York chefs at gourmet restaurants like Le Bernardin, Eleven Madison Park and Lincoln Ristorante prefer Crown Maple throughout their food and cocktail menus, while the company’s products also grace the shelves of stores like West Elm, Dean & DeLuca, Trader Joe’s, Costco, Whole Foods and more.

Looking ahead, the Turners are dedicated to further growing their business in Dutchess County. Through a recent county grant, Madava Farms expanded as an agri-tourism destination by adding a café to the property. They’ve also partnered with Cornell Cooperative Extension Dutchess County to provide youth development programs and lead presentations on agricultural real estate development opportunities in the region.

For more information on expanding or relocating your business to Dutchess County, please contact Don Minichino, Director of Business Attraction, at 845.463.5404 or don@thinkdutchess.com.

The Poughkeepsie Underwear Factory

The Poughkeepsie Underwear Factory

Hudson River Housing has been a cornerstone of community building since 2008. Starting with the Middle Main Initiative, this nonprofit sought to improve the lives of City of Poughkeepsie residents and the community as a whole. In providing economical housing, arts, education and training programs, Hudson River Housing increasing economic impact to revive and celebrate the city of Poughkeepsie.

In 2012, the opportunity to create a tangible expression of hope came in the form of the National Historic Site, The Poughkeepsie Underwear Factory. Leveraging existing community relationships and resources, Hudson River Housing redeveloped The Underwear Factory into a mixed-use facility for housing, retail and community programs. Today the building is quickly becoming a community hub which provides education, entertainment, jobs and training programs that are enriching the neighborhood while strengthening the local economy.

Currently home to 15 low-cost housing units and 3 floors of community space occupied by Mid-Hudson Heritage, Mill Street Loft, Spark Media Project and the Poughkeepsie Open Kitchen. The city’s first community commercial kitchen stewards two local start-ups- North River Roasters and Earth, Wind and Fuego. Additionally, more than a dozen food entrepreneurs are now closer to launching start-ups of their own thanks to the ability of the organization to connect all of its arms to create opportunity at the local level.

Our Non-Profit of the Year award winner at the 2017 Business Excellence Awards has helped spark the energy bubbling over in this city on the go.  Attracting business, talent, entrepreneurs and building community spirit, Hudson River Housing and The Underwear Factory continues to propel the development in our region.

 

Presenting The Innovation Challenge Winners!

Our Innovation Challenge at Marist College on September 14th was an enormous success. Thank you to all who attended!

We are grateful to Ross Media, who compiled this video footage of the event and to our very own CFO, Marilyn Yerks who captured these images throughout the evening.

The Finalists

Think DUtchess Innovation Challenge Semifinalists

The Winners

In the Young Business Category, the winner is Richard Romano of Screamin’ Onionz.

Think Dutchess Innovation Challenge Young Business Winner Screamin' Onions

Presenting a passionate presentation with a thorough go to market strategy and impressive footholds in place to propel his business forward, Screamin’ Onionz is the winner of a $1,500 check presented by William A. Smith & Son Insurance as well as other invaluable business services from our prize sponsors that will keep his business safely and smartly scaling as he continues to grow.

In the Pre-Venture Business Category, the winner is Danny Gonzalez of Facticiti.

Think Dutchess Innovation Challenge Pre-Venture Winner Facticiti

The Pre-Venture category was a neck-and-neck race between potentially disruptive technologies. Ultimately, Facticiti presented a strong assessment of the current landscape and the way this unique algorithm could change the way employees and employers search for jobs and candidates. Facticiti is the winner of $1,000 and business services from our prize sponsors. Additionally, the Pre-Venture Business will benefit from the increased exposure and connections to potential investors to spur their momentum.

The Judges

Think Dutchess Innovation Challenge Judges Garnet Heraman and Helene Rude
Garnet Heraman: Managing Director of Investment FuturesNYC, Founder Anvil Ventures and Helene Rude: Director Marist Cloud Computing and Analytic Center
Think Dutchess Innovation Challenge Judges Carl Meyer and Deforest Howland
Carl Meyer: Think Dutchess Board Chairman and President/CEO T-SEC, DeForest Howland: Business Development Executive at Ralph V Ellis Insurance

The Sponsors

We would like to thank our partner sponsor Marist College and our event sponsors Central Hudson, IBM, Key Construction Services, Hudson Valley Federal Credit Union and United Way of Dutchess-Orange Region.  A special thanks to our prize sponsors: Dutchess County Regional Chamber of Commerce, Judelson, Giordano and Seigel CPA, PC, CUBE (Center for Urban Business Entrepreneurship) at Brooklyn Law, Catskill Hudson Bank and to Tony Fareed of Marist College, Bridge Global Capital Group and 360 Acceleration, and Luke Stangel of Dandelion Energy who provided invaluable coaching and mentorship for our contestants.

The Event

Innovation Challenge speaker, Lawrence Singleton- Dean of the Marist College School of Management
Innovation Challenge speaker, James Phillips- Associate Dean of the Marist College School of Management
Think Dutchess CEO, Sarah Lee Innovation Challenge Prize Sponsor Jack Smith, W.A. Smith & Son Insurance
Think Dutchess CEO, Sarah Lee Innovation Challenge Prize Sponsor Jack Smith, W.A. Smith & Son Insurance
Think Dutchess Innovation Challenge CEO Sarah Lee and Judge Garnet Heraman
Think Dutchess CEO Sarah Lee and Judge Garnet Heraman of Anvil Ventures
Think Dutchess Innovation Challenge
Marist students and Innovation Challenge committee member Jay Panteleo of Marist School of Management and the Marist Idea Lab.

 

 

NATIONAL RESOURCES ANNOUNCES ACQUISITION OF FORMER IBM CAMPUS

FOR IMMEDIATE RELEASE

 

Contact:

Lynne M. Ward

National Resources

(203) 661-0055

lward@nationalresources.com

 

 

East Fishkill, New York – September 1, 2017 – National Resources (NRE) has acquired the former IBM East Campus in Fishkill, New York. NRE is taking ownefulfillment00-acres of land with 2 million square feet of buildings from GlobalFoundries.

The Campus is set to become one of NRE’s signature i.Park’s, a branded mixed-use tech/flex redevelopment with retail, hotel and residential components.

GlobalFoundries, with 2,500 employees, will continue to own 160-acres where it manufactures the 300 mm wafer and will lease several buildings from NRE. IBM and eMagin will lease offices, laboratories and clean rooms keeping the tech heart of the park in place. Several high bay spaces are to be leased to new users and high cube build-to-suit warehouses have been designed for distribution and fulfillment centers seeking the direct access to I-84 and New York City at this location.

Over the past six months, NRE has been working with Dutchess County Executive’s Office, Think Dutchess Alliance for Business, the Town of East Fishkill and Empire State Development prepare the site with the suitable zoning and parcel subdivision in order to secure users for its new commercial, industrial and mixed-use facilities.

Joseph Cotter, President of NRE and Lynne Ward, Executive Vice President, are striving for another success to compliment their fully leased portfolio of i.Parks in the NY/CT Metro Area. NRE is a specialist real estate development and investment firm that focuses on the redevelopment of corporate industrial sites and is best known for its landmark waterfront residences and innovative i.Parks. These branded i.Parks take full advantage of infill locations accessible to commercial centers and transportation nodes. Current and past projects include i.Park Hudson in Yonkers, New York; i.Park Norwalk in Norwalk, CT and i.Park Lake Success in Long Island, NY.

“The business plan is to take advantage of the $1 billion in infrastructure that currently exists at the site and provide new warehouse distribution opportunities in the I-84 corporate growth corridor. The skilled workforce in the area should be a major attraction for employers,” according to Joseph Cotter.

 

For more information on National Resources, visit http://www.NationalResources.com.

 

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TEN PARTNERS | ONE STRATEGY

A premier business-led organization, Think Dutchess Alliance for Business brings together 10 agencies under one unified vision for one-stop shop site selection, financing, incentives, permitting and advocacy, strategic planning and counseling, marketing and networking.