On the Money with J. Daniel Pluff & Laiza Semidey
On The Money Roundtable: Broome County and the Micron Moment
Special | 26m 46sVideo has Closed Captions
Rick Fenner sits down with Broome County stakeholders to discuss Micron's impact on the region.
Jason Gardner, Anne D'Alleva, Stacey Duncan and Ty Muse join Rick Fenner in this roundtable about the effect that Micron will have on Broome County. The chip manufacturer's $250 billion investment is expected to benefit those beyond the main facility. Getting Broome County excited about the growth opportunity for their region as it hopes to support Micron's supply chain needs.
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On the Money with J. Daniel Pluff & Laiza Semidey is a local public television program presented by WCNY
On the Money with J. Daniel Pluff & Laiza Semidey
On The Money Roundtable: Broome County and the Micron Moment
Special | 26m 46sVideo has Closed Captions
Jason Gardner, Anne D'Alleva, Stacey Duncan and Ty Muse join Rick Fenner in this roundtable about the effect that Micron will have on Broome County. The chip manufacturer's $250 billion investment is expected to benefit those beyond the main facility. Getting Broome County excited about the growth opportunity for their region as it hopes to support Micron's supply chain needs.
Problems playing video? | Closed Captioning Feedback
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MORE INFORMATION IS AVAILABLE AT VISIONSFCU.ORG.
YOU MAKE YOUR OWN WAY, YOU DEFINE YOUR OWN PATH.
AND WITH OUR BUSINESS TOOLS, WE WANT TO HELP YOU DO IT EVEN BETTER.
TO ALL THE SMALL BUSINESSES IN BROOME COUNTY, WE GOT YOU.
>> SINCE 1886, SECURITY MUTUAL LIFE HAS BEEN AN INNOVATOR IN THE LIFE INSURANCE INDUSTRY, FOCUSED ON HELPING PROTECT POLICYHOLDERS AGAINST LIFE'S UNCERTAINTY.
TAKING PRIDE IN SUPPORTING LOCAL COMMUNITIES FOR 140 YEARS.
SECURITY MUTUAL LIFE.
THE COMPANY THAT CARES.
>> HEALTH ISN'T JUST GO GETTING GETTING YOU WELL WHEN YOU ARE SICK.
THAT'S WHY EXCELLUS BLUECROSS/BLUESHIELD IS HERE TO MAKE STAYING ON TRACK FOR A HEALTHY TOMORROW A LITTLE EASIER EVERY DAY.
♪ ♪ ♪ ♪ >> HI, I'M RICK FENNER, PROFESSOR OF ECONOMICS AT UTICA UNIVERSITY.
THE MICRON PROJECT CENTERED IN CLAY, NEW YORK, IS THE LARGEST PRIVATE INVESTMENT IN NEW YORK STATE HISTORY.
IT AIMS TO ESTABLISH THE REGION AS A SEMICONDUCTOR HUB THAT COULD SUPPLY ONE IN FOUR U.S.-MADE COMPUTER CHIPS BY THE END OF THE DECADE.
ITS IMPACT IS EXPECTED TO TRANSFORM UPSTATE NEW YORK, CREATING OPPORTUNITIES FOR PLACES LIKE BROOME COUNTY, WHERE CITIES, BINGHAMTON ENDICOTT AND JOHNSON CITY, ARE ALREADY MOVING TO TRY TO ATTRACT HIGH TECH COMPANIES TO THIS AREA.
WITH US TODAY ARE BROOME COUNTY LEADERS WHO ARE ALREADY GETTING THE REGION READY TO TAKE ADVANTAGE OF THIS EXTRAORDINARY ECONOMIC DEVELOPMENT OPPORTUNITY.
JOINING ME ARE ANNE D'ALLEVA, PRESIDENT OF BINGHAMTON UNIVERSITY.
STACY DUNCAN, EXECUTIVE DIRECTOR OF THE BROOME COUNTY INDUSTRIAL DEVELOPMENT AGENCY, JASON GARNAR, EXECUTIVE COUNTY EXECUTIVE OF BROOME COUNTY.
AND TYRONE MUSE, C.E.O.
OF VISIONS FEDERAL CREDIT UNION.
THANKS FOR JOINING ME.
>> GREAT TO BE HERE.
>> I WOULD LIKE TO START OFF BY PUTTING THIS IN SOME PERSPECTIVE, PERHAPS BEFORE LOOKING FORWARD, WE CAN GET A SENSE OF WHERE THE AREA IS NOW.
SO COULD EACH OF YOU JUST DESCRIBE A LITTLE BIT ABOUT THE CURRENT STATED CONDITIONS, WHETHER THEY BE ECONOMIC, POLITICAL OR EDUCATIONAL?
AND MAYBE SOME TRENDS THAT HAVE YOU SEEN OVER PAST FEW YEARS WHAT HAVE YOU SEEN OVER THE LAST 10 YEARS IS BROOM COUNTY HAS MORE OPPORTUNITY THAN IT HAS EVER SEEN BEFORE.
AND THIS IS COMING ON THE HEELS OF 2006 AND 2011 HISTORIC FLOODS, THE PANDEMIC, WE HAVE REALLY, THE ONE THINGLY SAY ABOUT BROOME COUNTY IS THAT WE ALL UNDERSTAND THAT WE HAVE TO WORK TOGETHER TO MOVE OUR REGION FORWARD.
SO WHETHER IT'S THE UNIVERSITY, WHETHER IT'S OUR ECONOMIC DEVELOPMENT PARTNERS AT THE AGENCY, PRIVATE COMPANIES, LOCAL BUSINESSES, LOCAL GOVERNMENT LEADERS, 9 ONE THING THAT REALLY STANDS OUT ABOUT BROOME COUNTY IS THAT WE ARE ABSOLUTELY COMMITTED TO MAKING OUR REGION A BETTER PLACE AND WE FOCUSED ON BRINGING MORE JOBS HERE, FOCUSED ON WORKFORCE DEVELOPMENT NISHS AND WE REALLY WRABT TO BRING MORE PEOPLE INTO OUR COMMUNITY HOUSING IS A HUGE COMPONENT OF WHAT WE HAVE BEEN DOING FOR THE PAST FEW YEARS.
>> WE ARE GOING TO ADDRESS SOME OF THOSE ISSUES A LITTLE BIT LATER.
STACY.
>> TO PIGGY BACK ON THAT, I THINK THE THING THAT IS HAPPENING, WHICH IS REALLY EXCITING IS ALL OF THOSE THINGS THAT THE COUNTY EXECUTIVE MENTIONED, YOU HAVE GOVERNMENT, YOU HAVE BUSINESS, YOU HAVE ACADEMIA, AND YOU KNOW, KIND OF TRADITIONAL ECONOMIC DEVELOPMENT, ALL ROWING IN THE SAME DIRECTION.
WE ARE ALL MOVING IN THE SAME DIRECTION TOGETHER, WHICH GIVES YOU THAT MOMENTUM OVER THE LAST DECADE.
I THINK, YOU KNOW, BROOME IS ONE OF THOSE COMMUNITIES THAT ECONOMIC UPS AND DOWNS HAS REMAINED HISTORICALLY STAGNANT BUT IN THE LAST DECADE, WE HAVE REALLY HIT OUR STRIDE IN MOVING FORWARD WITH BUSINESS DEVELOPMENT, WITH THE GROWTH OF UNIVERSITY AS A MAJOR ASSET AND DRIVER IN THAT.
AND GROWTH OF SECTORS LIKE MANUFACTURING AND FINANCIAL INDUSTRY.
SO IT'S A REALLY EXCITING TIME TO BE IN TO JUST KEEP THAT MOMENTUM MOVING FORWARD.
>> ANNE.
>> WE HAVE TREMENDOUS MOMENTUM AT THE UNIVERSITY.
WE HAVE HAD OVER 60,000 APPLICANTS FOR THE FRESHMAN CLASS OVER THE PAST TWO YEARS.
WE ARE ATTRACTING STUDENTS FROM AROUND THE STATE AND AROUND THE COUNTRY AND EVEN GLOBALLY.
AND THOSE STUDENTS ARE BRINGING A MIND SET WHERE THEY WANT TO HAVE IMPACT.
WE HAVE DOUBLED OUR RESEARCH PORTFOLIO OVER THE PAST 10 YEARS.
WE HAVE FOUNDED THE INCUBATOR TO FOSTER NEW START-UP BUSINESSES.
AND OUR FACULTY ARE FOCUSED ON ENTREPRENEURSHIP AND TECH TRANSFER.
SO WHAT WE DISCOVER IN THE LAB, WE ARE BRINGING INTO THE MARKETPLACE TO HAVE IMPACT.
>> TY.
>> ON THE BANKING FRONT, BUSINESS FRONT, I'VE SEEN NOTHING BUT WINS.
WE JOKE ALL THE TIME.
I'LL THE SHORT TIMER HERE AS WELL AS ANNE, WE ARE THE NEWER OF THE GROUP.
I HAVE BEEN HERE 13 YEARS THIS MONTH.
AND ALL HAVE I DONE IS SEENOUS CONTINUE TO WIN.
THE WINNING FEELS FASTER NOW AND MORE MEASURABLE NOW.
I'M SEEING ON THE COMMERCIAL SIDE, REAL ESTATE PROPERTIES HAVE SIGNIFICANTLY STARTED TO GROW, THE LOANS ARE STARTING TO GROW.
YOU KNOW, WHEN I LOOK AT EVEN THE GROWTH OF MY COMPANY, WE'VE BASICALLY ALMOST DOUBLED AND NOW WHEN I LOOK AT THE NUMBER OF EMPLOYEES WE HAVE GONE FROM 385 TO 900 TO SUPPORT ALL THE NEEDS OF THIS GROWING ECONOMY.
>> WELL, IT'S GREAT TO SEE THAT THERE IS SOME MOMENTUM BUILDING HERE AND LET'S TALK ABOUT HOW MICRON CAN ADD TO THAT.
SO, YOU HEAR A LOT ABOUT THE MICRON MOMENT.
WHAT IS CAPTURING THE MICRON MOMENT MEAN TO BROOME COUNTY AND THE SOUTHERN TIER?
>> I THINK IT'S ONE OF THOSE AREAS WHERE WE TALK ABOUT WHERE OUR LOCATION-- WE ARE REALLY WELL POSITIONED TO CAPITALIZE ON THAT OPPORTUNITY.
YOU KNOW, WE HAVE BEEN LOOKING FOR THE LAST FIVE YEARS ON THE GROWTH OF INDUSTRY THAT IS WANTING TO COME INTO NEW YORK.
SO YOU KNOW, PRIOR TO EVEN THE MICRON ANNOUNCEMENT, WE WERE WORKING ON GETTING ECONOMIC DEVELOPMENT SITES READY FOR THAT OPPORTUNITY.
NEW YORK HAS DONE A PHENOMENAL JOB OF POSITIONING FOR THE NEW TECHNOLOGIES LIKE SEMICONDUCTOR AND BATTERY TECHNOLOGY HERE IN THE SOUTHERN TIER.
SO WHEN THE MICRON ANNOUNCEMENT CAME, IT WAS HOW DO WE EXPEDITE THAT READINESS BECAUSE WHAT ONE THING MICRON IS GOING TO NEED IS A ROBUST SUPPLY CHAIN AND WE ARE 90 MILES FROM THE SITE.
WE ARE REALLY WELL POSITIONED TO TAKE ADVANTAGE OF THAT OPPORTUNITY IN WORKING TOGETHER WERE IT'S ON R & D OR SITE AND INVESTMENT SO A GREAT OPPORTUNITY IN FRONT OF US.
>> JASON, WHAT HAS THIS AREA ALREADY DONE?
I THINK, YOU KNOW, THERE WAS ALLUDING A LITTLE BIT TO ALREADY PLANNING FOR SOME OF THESE THINGS BUT WHAT ARE SOME OF THE THINGS THAT YOU WILL VERY STARTED AND PUT IN PLACE TO TRY TO ATTRACT COMPANIES?
>> WITH WE SAW THE MICRON ANNOUNCEMENT, WE THOUGHT THIS WAS A WIN FOR ALL OF UPSTATE NEW YORK.
IT JUST WASN'T A WIN FOR ONONDAGA COUNTY OR SYRACUSE.
IT WAS A WIN FOR ALL OF US BECAUSE AS STACY SAID, WE SAW THERE WERE HUGE OPPORTUNITIES FOR BUSINESSES TO COME TO BROOME COUNTY THAT WOULD PROVIDE THE SUPPLY CHAIN FOR MICRON.
SO YOU TALK ABOUT WHAT BINGHAMTON UNIVERSITY HAS DONE WITH ITS RESEARCH AND EXPANDING AND WE'VE EXPANDED A TREMENDOUS AMOUNT OF WORKFORCE OPPORTUNITIES FOR OUR STUDENTS TO WORK AT THOSE SUPPLY CHAINS AND WE HAVE BUILT PROBABLY, OVER THE PAST COUPLE OF YEARS, THOUSANDS OF UNITS OF HOUSING AND WILL BUILD THOUSANDS MORE UNITS OF HOUSING BECAUSE WITH ALL THE SPLAIRN, YOU ARE GOING TO NEED MORE PEOPLE THAT CAN UM IN IN HERE AND LIVE IN THIS AREA AND LIVE IN THE HOMES THAT THEY WANT TO LIVE IN.
SO ALL THESE THINGS ARE REALLY IMPORTANT.
I THINK ONE OF THE MOST IMPORTANT THINGS IS WHAT STACY HAS BEEN WORKING ON IS A PREPARING A BRAND NEW TECH PARK.
BROOME COUNTY HAS RUN OUT OF INDUSTRIAL SPACES TO USE.
WE BASICALLY, WE ARE A VALLEY SO THERE IS ONLY A CERTAIN AMOUNT OF FLAT LAND AND YOU KNOW, WE HAVE BEEN VERY SUCCESSFUL IN DEVELOPING OUR OTHER INDUSTRIAL PARK.
IT'S FULL.
OTHER PLACES ARE BASICALLY FILLED UP AND WE NEED TO HAVE THE PROPERTY AND THE SITE AND THE INFRASTRUCTURE READY TO TAKE ADVANTAGE OF THOSE SUPPLY CHAIN JOBS THAT ARE DOING JUST THAT.
>> TY, YOU KNOW, AS LEADER OF A FINANCIAL INSTITUTION, YOU KNOW, IS MICRON MOMENT.
YOUR AT THE CENTER OF THIS-- YOU ARE AT THE CENTER OF THIS.
CAN YOU COMMENT ON THIS?
>> WE HAVE ADDED BRANCHES AND LOCATION THERE FUELED BY OUR HEADQUARTERS THERE.
WE HAVE STARTED SEEING SITE WORK.
WE'VE ALREADY STARTED SEEING PEOPLE GOBBLING UP WAREHOUSING.
IF YOU HAVE A BUILDING WITH A CEILING OF 18 FEET, YOUR BUILDING HAS SIGNIFICANTLY GROWN.
>> YOU SAID ABOUT 90 MILES NORTH OF HERE IS CLAY, WHERE MICRON IS GOING TO BE LOCATED BUT THAT'S ABOUT THE SAME DISTANCE THAT ROCHESTER IS TO THE WEST AND UTICA IS A LITTLE BIT CLOSER TO THE EAST.
SO I WAS WONDERING IF COULD YOU TALK A LITTLE BIT ABOUT THIS SPECIFIC ASSETS THAT YOU HAVE THAT ARE GOING TO ENSURE THAT YOU GET YOUR SHARE OF THAT DEVELOPMENT THAT SPINS OFF OF MICRON?
>> ABSOLUTELY.
YOU ARE ABSOLUTELY RIGHT.
MY COLLEAGUES ACROSS UPSTATE NEW YORK ARE DOING THE SAME WORK THAT WE ARE DOING TO READY FOR THIS OPPORTUNITY, TO PREPARE THE SITES' INFRASTRUCTURE, POWER, WATER, ALL OF THOSE THINGS ARE VITALLY IMPORTANT TO CAPITALIZING ON THIS OPPORTUNITY AND SUPPORTING THE SUCCESS THAT ONONDAGA COUNTY AND OUR FRIENDS IN SYRACUSE HAVE HAD.
WE WANT TO MAKE SURE WE ARE HELPING THEM BE SUCCESSFUL AS WELL.
SO, EVERYONE IS DOING THAT WORK RIGHT NOW, AND FOR THESE COMPANIES, WHAT WE ARE SEEING IS TIME TO MARKET, COMPANIES THAT ARE LOOKING FOR THESE LOCATIONS, THEIR TIME TO BE OPERATIONAL HAS SHRINK SO WE HAVE THOUGH MOVE QUICKLY THAT REQUIRE THE PARTNERSHIPS NOT JUST WITHIN OUR COMMUNITY BUT INTERREGIONAL PARTNERSHIPS AS WELL.
WE ARE LOOKING AT HOW DO WE WORK IN UNISON AND I THINK ANOTHER, YOU KNOW, ASSET IS WHERE DO WE FIT IN THE ECOSYSTEM IN THE SEMICONDUCTOR ECOSYSTEM AND THAT'S, TO ME, IS WE HAVE SUCH A POWER HOUSE WITH BINGHAMTON UNIVERSITY AND THEIR RESEARCH ASSETS.
SO IT'S A GREAT OPPORTUNITY FOR THAT AS WELL.
>> YES, WE ALREADY HAVE EXPERTISE IN ADVANCED ELECTRONICS MANUFACTURING SO WE ARE PRIMED AND READY TO HELP MICRON WITH WHAT THEY NEED.
I THINK WHAT WE CAN DO HERE IN UPSTATE NEW YORK IS COMPARABLE TO RESEARCH TRIANGLE IN NORTH CAROLINA.
I LOOK AT THAT EXAMPLE ALL THE TIME.
AND THE SYNERGY AMONG THE MULTIPLE EDUCATIONAL INSTITUTIONS IS SOMETHING THAT WE ARE PRIME TO DEVELOP HERE AS WELL.
SO I'M REALLY EXCITED ABOUT IT.
>> AND I ALSO THINK YOUR DOLLAR GOES FURTHER HERE.
IF YOU LOOK AT HOUSING.
HOUSING COSTS IS ONE OF THE MOST EXPENSIVE THINGS FOR THEIR EMPLOYEES.
OUR HOUSING IS VERY AFFORDABLE IF YOU LOOK AT WHAT WE ARE FINANCING, SIGNIFICANTLY LOWER THAN WHAT I'M FINANCING THINGS FURTHER NORTH OR FURTHER SOUTH.
I THINK THAT OPPORTUNITY IS THERE FOR THEM AS WELL.
IT MAKES US U NECKLY POSITIONED AS WELL AS THE LOCATION, BEING JUST THREE HOURS FROM PHILLY, THREE HOURS FROM THE CITY.
THERE ARE THOSE LITTLE ASPECTS ARE A LITTLE BIT LITTLE EXTRA SAUCE FOR US.
>> SOUNDS LIKE MANY OF THESE THINGS ARE PIECES OF THE PUZZLE OF ATTRACTING BUSINESSES IN ALL SORTS OF INDUSTRIES.
>> ABSOLUTELY.
ONE OF THE THINGS WE TALKED ABOUT HOW THIS REGION HAS CHANGED A LITTLE BIT.
ONE OF THE WAYS THE REGION HAS CHANGED IS THAT, YOU KNOW, WE USED TO BE THE HOME OF THE LARGEST COMPUTER MANUFACTURER, I.B.M.
AND THE WORLD'S LARGEST SHOE MANUFACTURER AND WE REALLY HAD OUR EGGS IN THOSE TWO BASKETS AND JUST LIKE YOU SEE WITH A LOT OF INDUSTRIAL AREAS, THOSE PLACES EVENTUALLY LEFT.
AND WHAT WE REALIZED AS A TEAM IS WE HAVE TO WORK TOGETHER AND WE HAVE TO DO A BUNCH OF DIFFERENT THINGS IN ORDER TO GET THOSE JOBS BACK AND THAT INVESTMENT BACK.
>> LARGE ECONOMIC DEVELOPMENT PROJECTS HAVE OFTEN STRUGGLED IN NEW YORK STATE BECAUSE OF THE LARGE NUMBER OF GOVERNMENTAL UNITS THAT EMPLOYERS AND COMPANIES HAVE TO DEAL WITH AND NEGOTIATE WITH.
YOU HAVE A COUNTY GOVERNMENT AND THEN HAVE YOU CITIES WITH TOWNS AND VILLAGES OVERLAPPING SCHOOL DISTRICTS.
AND EVEN MULTIPLE ECONOMIC DEVELOPMENT AGENCIES.
SO I WAS WONDERING HOW THIS AREA IS DEALING WITH THE CHALLENGES THAT COME FROM THAT.
>> WE HAVE BEEN INCREDIBLY FORTUNATE IN UPSTATE NEW YORK TO WORK WITH BOTH FEDERAL AND STATE PARTNERS ON DEFINING WHO WE ARE GOING TO BE AS A MEGA REGION.
I LOVE THE REFERENCE TO RESEARCH TRIANGLE BECAUSE THIS IS NOT IN A VACUUM.
THE SUCCESS OF THE REGIONS AS THEY WORK TOGETHER, IS GOING TO BEAR THE BEST FRUIT, RIGHT?
SO WHEN YOU THINK OF PROGRAMS LIKE THE TECH HUB PROGRAMS THAT ARE BUILDING OUT THE SEMICONDUCTOR ECOSYSTEM AND THE BATTERY ECOSYSTEM AND OUR PARTNERS IN NEW YORK STATE, THEY HAVE REALLY HELPED TO DEFINE WHAT INDUSTRIES, WHAT TECHNOLOGIES, WHAT INNOVATION WE ARE GOING TO BE MOST SUCCESSFUL AT.
SO THEN, YOU KNOW, BRINGING THAT TO THE LOCAL LEVEL IS WHERE WE JUST HAVE TO-- THE COMMUNICATION IS VITALLY IMPORTANT ON WHAT THAT ECONOMIC IMPACT MEANS FOR THE COLLECTIVE COMMUNITY.
>> AND WE HAVE EXISTING PARTNERSHIPS IN HIGHER EDUCATION ACROSS ADVANCED MANUFACTURING, A.I., QUANTUM TECHNOLOGIES, WE HAVE A TREMENDOUS ADVANTAGE IN HAVING THE SUNY SYSTEM.
SO SUNY IS DEVELOPING ADEQUATE AND AVAILABLE LABOR FORCE?
>> THAT'S RIGHT.
IT'S ABOUT A CONVERSATION, RIGHT?
WE NEED TO HEAR FROM INDUSTRY AND ANY GREAT PUBLIC UNIVERSITY, THIS IS WHAT WE DO, RIGHT?
WE HAVE FOUR PILLARS TO OUR MISSION.
IT'S EDUCATION, RESEARCH, ECONOMIC DEVELOPMENT AND COMMUNITY ENGAGEMENT.
SO THE DIALOGUE HAS TO BE THERE.
WE NEED TO TALK TO MICRON.
WHAT KINDS OF ENGINEERS DO THEY NEED TO SEE IN THE PIPELINE WITH WHAT KIND OF EDUCATION?
CAN WE DEVELOP INTERNSHIPS AND CO-OPS SO THAT WE ARE FEEDING OUR STUDENTS INTO THESE TREMENDOUS OPPORTUNITIES THAT THEY AND THEIR SUPPLY CHAIN BUSINESSES WILL OFFER.
SO IT REALLY IS ABOUT BUILDING THE TRUST AND BUILDING THE CONVERSATION.
>> I HEARD VERY INTERESTINGLY, RENTS ARE GOING DOWN IN AUSTIN, TEXAS.
ONE OF THE FAST EVIDENT GROWING CITIES IN THE COUNTRY AND THE REASONS THEY'VE GONE THROUGH AND REVAMPED THEIR REGULATIONS AND THOUGHT THROUGH, WHICH OF THESE ARE IMPEDIMENTS TO REALLY TRYING TO INCREASE THE HOUSING STOCK.
IS THAT SOMETHING THAT THIS AREA HAS LOOKED AT?
>> YEAH, WE HAVE WORKED WITH VERY CLOSELY WITH BROOME COUNTY.
THEY HAVE BEEN A TREMENDOUSLY HELPFUL PARTNER AND NEW YORK STATE HAS CREATED SOME REALLY RESPONSIVE PROGRAMS TO THAT WITH THE COUNTY INFRASTRUCTURE FUND THROUGH EMPIRE STATE DEVELOPMENT THAT, YOU KNOW, TO DO THAT NECESSARY-- IT OFTEN COMES DOWN TO WATER, SEWER AND POWER.
WHAT IS UNDERGROUND AND WHAT YOU ARE NOT SEEING THAT REALLY IS SO IMPORTANT TO BE WORKING ON.
SO PROGRAMS LIKE THAT.
THE IDA, WE SUPPORT TOTAL AMOUNT OF FINANCIAL ASSISTANCE THROUGH OUR PROGRAMS IS TWO TO ONE FOR AFFORDABLE HOUSING UNITS, WORKING WITH PROGRAMS LIKE OFFICES OF HOMES AND COMMUNITY HOMES AND COMMUNITY RENEWAL.
SO, YOU KNOW, I THINK WE HAVE TO BE LOOKING AT IT AT ALL ENTRY POINTS AND, YOU KNOW, SOME OF THE INITIATIVES THAT ARE PROPOSED IN THIS BUDGET LIKE SEQR REFORM TO MAKE HOUSING MOVE FASTER A REALLY SMART ACTIONS BY NEW YORK STATE.
>> OUR HOUSING PRICES HAVE DOUBLED IN THE PAST 10 YEARS.
THE AVERAGE PRICE OF A HOME SOLD WE PROBABLY, IN 2019, RIGHT BEFORE COVID, IF YOU LOOKED AROUND THE AREA, YOU LOOKED AT ALL THE HOUSES THAT WERE FOR SALE, THERE WERE PROBABLY 1300 HOMES FOR SALE AND NOW ABOUT 260 HOMES FOR SALE.
IT HAS DRAMATICALLY CHANGED AND SO THERE IS GREAT THINGS ABOUT THAT, RIGHT?
PEOPLE'S HOME VALUES ARE GOING UP.
THEY'RE GETTING A LOT MORE MONEY THAN THEY EVER GOT FROM THEIR HOMES.
WE-- MOST HOMES ARE SELLING THE FIRST DAY THAT PEOPLE SEE THEM.
THAT'S A HUGE ISSUE WITH THE PROBLEM OF PEOPLE BEING ABLE TO COME INTO THE AREA.
ANDAN AND TY AND STACY AND PRETTY MUCH ANYBODY WHO OWNS A BUSINESS OR EMPLOYS A LOT OF PEOPLE KNOW, ONE OF THE THINGS THEY WANT TO BE ABLE TO TELL PEOPLE IS CAN WE-- IF WE HIRE YOU, CAN YOU COME IN?
THAT'S WHAT EMPLOYEES WANT TO KNOW.
SO REALLY WE ARE LOOKING AT BUILDING HOUSING FOR A LOT OF PEOPLE, WHETHER IT'S SINGLE-FAMILY HOMES FOR FAMILIES, YOUNG PROFESSIONALS, TIP THEIR LIKE TO RENT, BUT THEY LIKE NICER PLACES TO RENT.
AND THERE IS CERTAINLY A HUGE NEED FOR WORKFORCE HOUSING AND AFFORDABLE HOUSING FOR PEOPLE MAKING 40, 50,000 JOBS AND NEED MAYBE A CHEAPER PLACE TO LIVE.
>> THINK ABOUT THE WORK YOU HAVE DONE WHERE YOU BUILT THAT HOUSING, BASICALLY MAKE A VIBRANT DOWNTOWN.
A VIBRANT DOWNTOWN IS CRITICAL, TOO.
AND IF YOU THINK ABOUT THE ABILITY TO HAVE HIGHER END HOUSING DOWNTOWN SO YOU CAN WALK AND ENJOY THE RIVERFRONT AND ENJOY THE SHOWS AND ENJOY THE FOOD, THAT'S BEEN A GREAT OPPORTUNITY FOR US AND I THINK THAT'S A HUGE SELLING POINT FOR THE COMMUNITY.
>> WHAT PLANS HAS THIS AREA MADE TO MAKE SURE THAT TRANSPORTATION, BOTH PEOPLE AND PRODUCT IS ADD ADEQUATE?
SYRACUSE, HANCOCK AIRPORT IS GOING THROUGH A MAJOR RENOVATION YOU KNOW, ROUTE 81 IS-- THAT'S A GOOD CONNECTION.
IT TENDS TO BE-- I WOULD TELL YOU, VERY GOOD DOWN HERE, NOT SO GREAT UP BY SYRACUSE.
AND WHAT ABOUT LOCAL INFRASTRUCTURE?
>> SO I LOOK AT TRANSPORTATION IN THREE WAYS.
WE HAVE AN AIRPORT, REGIONAL AIRPORT.
WE HAVE ONE FLIGHT.
WE NEED MANY MORE FLIGHTS AND ONE OF THE MANY GREAT THINGS THAT OUR NEW PRESIDENT FROM BINGHAMTON UNIVERSITY BROUGHT TO THE TABLE IN TERMS OF THE ENERGY , WHERE SHE IS FOCUSING IS LET'S TRY TO FIND MORE FLIGHTS INTO BINGHAMTON, WHICH IS REALLY IMPORTANT.
WE ARE ONE OF THE FEW REGIONS AROUND US THAT HAS A PUBLIC TRANSIT SYSTEM.
WE HAVE A PRETTY ROBUST PUBLIC TRANSIT SYSTEM.
WE ARE OPERATING AT ALL TIMES.
WE GO TO ALL THE INDUSTRIAL PARKS AND ALL THE OTHER URBAN AREAS.
AND THEN WE ALSO NEED-- WE ALSO UNDERSTAND THAT YOU NEED TO BUILD ROADS.
SO WHEN I CAME IN, WE WERE PROBABLY REPAIRING MAYBE 45 TO 50 MILES OF ROAD EVERY YEAR AND NOW WE ARE DOING ABOUT 80.
THAT'S IMPORTANT.
YOU TALKED ABOUT THE ROADS.
THAT'S ONE OF THE FIRST THINGS PEOPLE SEE WHEN THEY COME IN HERE IS DO THE ROADS-- ARE THE ROADS NICE, ARE THE ROADS BAD?
IT'S IMPORTANT FOR US TO BE ABLE TO CONTINUE TO UPGRADE OUR INFRASTRUCTURE TO ATTRACT MORE PEOPLE COMING TO OUR AREA.
>> HOW MUCH WILL IT TAKE?
WHERE IS IT GOING TO COME FROM?
AND NOT ONLY THE OUT OF POCKET COSTS FOR THE THINGS LIKE MAKING THESE SITES SHOVEL READY AND EDUCATION AND THE LIKE, BUT ALSO WE NEED TO TALK ABOUT THE INDUCEMENTS THAT THE AREA IS PREPARED TO TAKE IN ORDER TO BRING THESE COMPANIES HERE.
WHERE WOULD YOU LIKE TO START ON THAT ISSUE?
>> I LIKE HOW EVERYONE LOOKS AT ME.
I THINK FROM MY SIDE IT'S A LITTLE BIT LIMITED AS TO COMPARED TO 9 GOVERNMENTAL SIDE.
BUT THE WILLINGNESS TO BE, IF YOU ARE GOING TO BE A LARGE CORPORATE ENTITY HERE LIKE WE ARE, WE ARE ONE OF THE LARGEST BASED HERE, HAVE YOU TO STEP UP AND BE A LEADER AND BE WILLING TO SUBSIDIZE DIFFERENT ITEMS.
THANKS TO THE PRESIDENT WE HAVE SAT DOWN AND GREAT PARTNERSHIP WITH JASON, WE HAVE BEEN ABLE TO SIT DOWN AND SAY WHAT WOULD IT TAKE?
WHAT COULD VISIONS GIVE TO MAKE IT SO WE CAN GET AN EXTRA FLIGHT?
WHAT DO WE HAVE TO COMMIT WHEN WE HAVE 100,000 CONSUMERS THAT ARE ALREADY MEMBERS OF OURS HERE, IF WE CAN SOIFTIZE THEM TO USE THE AIRPORT?
-- INCENTIVE THEM TO USE THE AIRPLANE.
THAT WOULD BE ENTICING BUT IT TAKES THE MONEY FIRST DO THAT, RIGHT?
SO US SITTING DOWN AS A COLLECTIVE UNIT WHERE YOU ARE LOOKING AT NOT ONLY FROM A STATE AREA BUT ALSO FROM A FEDERAL LEVEL AS YOU SAID, FROM A BUSINESS PARTNER, I THINK ALL THOSE ENTITIES HAVE TO COME TOGETHER AND BE WILLING TO SAY WHAT WOULD THEY BE WILLING TO STEP UP TO DO.
>> INDUCEMENTS THROUGH IDAS AND OTHER PUBLIC ENTITIES ARE CRITICAL IN PART BECAUSE THEY LEVEL THE PLAYING FIELD.
WE DO KNOW NEW YORK IS A HIGHER COST STATE.
BUT ALSO WORKING WITH NEW YORK STATE AND THEY HAVE CREATED VERY RESPONSIVE, YOU KNOW, INCREDIBLE PROGRAMS LIKE FAST NEW YORK AND POWER UP NEW YORK TO HELP BUILD OUT THE INFRASTRUCTURE.
THE INFRASTRUCTURE RIGHT NOW IS ACROSS UPSTATE.
I DON'T CARE WHAT COMMUNITY, WE ARE ALL WORKING ON POWER AND WATER, AS YOU SAID.
I THINK THOSE PUBLIC PARTNERSHIPS AND THAT'S WHY THE IDA HAS TAKEN ON THE ROLE OF BEING THE DEVELOPER FOR THE TECH PARK.
WE CAN LEVERAGE OURRY SOURCES AND BUILD IT OUT SO IT'S AFFORDABLE AND SUSTAINABLE OVERTHE LONG-TERM AS WELL.
>> I DO WANT TO POINT OUT AS A NEWCOMER, I HAVE ONLY BE IN MY POSITION FOR SEVEN MONTHS NOW.
THE EXTRA ACCEPTS OF PARTNERSHIP HERE IN THIS AREA, THE SENSE OF COMMUNITY, THE WILLINGNESS TO WORK TOGETHER TO SOLVE PROBLEMS, IS REALLY EXTRAORDINARY.
AND WE SHOULD BE DRAWING ATTENTION TO THAT.
OUR WILLINGNESS TO WORK TOGETHER , JASON'S RESPONSIVENESS TO MY NEEDS AT THE UNIVERSITY, TY'S PARTNERSHIP, STACY'S PARTNERSHIP.
WE ALL JUMP IN.
WE ARE ALL IN THIS TOGETHER AND THAT DOESN'T HAPPEN EVERYWHERE.
IT'S SOMETHING VERY SPECIAL HERE IN THIS COMMUNITY AND I THINK THAT WILL REALLY BE WHAT HELPS TO SUPPORT OUR GROWTH IS THAT THAT COLLABORATIVE PROBLEM SOLVING AROUND THESE ISSUES.
IT'S BEEN REMARKABLE.
>> OKAY.
SO ONE LAST QUESTION FOR YOU ALL.
I WOULD LIKE YOU EACH TO PICK AN AUDIENCE, MAYBE IT'S RESIDENTS OF BROOME COUNTY.
MAYBE IT'S POLITICIANS IN WASHINGTON AND ALBANY.
MAYBE IT'S C.E.O.S OF PROSPECTIVE COMPANIES THAT ARE CONSIDERING COMING TO THIS AREA.
AND SO PICK AN AUDIENCE AND THEN WHAT IS YOUR MESSAGE TO THEM?
>> I WILL START WITH, I THINK THE AUDIENCE I WOULD LIKE TO SPEAK TO IS, YOU KNOW, THE WITH THE ONE THAT IS WONDERING SHOULD THEY COME BACK HOME?
WHY DO THEY STAY HERE?
I WOULD SIMPLY SAY IN SO MANY WAYS OUR BEST DAYS ARE IN FRONT OF US.
I THINK THE OPPORTUNITY THAT EXISTS TO BUILD QUALITY OF LIFE IN THE TRUEST SENSE, YOU ARE GOING TO NOT JUST COME HERE AND LOCATE.
YOU ARE GOING TO COME HERE AND BUILD A LIFE AND I THINK THAT IS SOMETHING THAT IS INCREDIBLY EXCITING AND WHAT DRIVES US IS BEING ABLE TO EXPAND THAT OFFERING THAT WE HAVE HERE IN THIS COMMUNITY.
>> I WOULD LIKE TO SPEAK TO A BUSINESS THAT WOULD LIKE TO COME, IS LOOKING AT DIFFERENT AREAS AND MAYBE LOOKING AT BROOME COUNTY AS WELL.
WHEN YOU ARE LOOKING AT BROOME COUNTY TO COME TO, YOU ARE MEETING PEOPLE THAT WANT TO SEE YOU BECOME SUCCESSFUL AND REALLY WHEN YOU COME HERE, SEE ALL OF US BECOME SUCCESSFUL AND IT'S HAPPENING WITH AND WE WOULD LOVE FOR YOU TO BE PART OF IT.
>> TY.
>> I'M GOING TO GET SPECIFICALLY TO THE AIRLINES.
I SEE A GREAT OPPORTUNITY WITH OUR AIRLINE, THANK YOU TO THE COUNTY FOR THEIR INVESTMENT AS WELL AS THE STATE.
HAD THE OPPORTUNITY TO FLY OUT PRIVATELY TO GO TO SUPPORT A DIFFERENT BUSINESS.
I WOULD NEVER HAVE BEEN ABLE TO DO THAT UNDER THE OLD CIRCUMSTANCES AND HOW EASY THAT WAS.
BUT THINKING ABOUT THE OPPORTUNITY FOR ANY OF THE MAREIK AIRLINES OR ANY OF THE MORE REGIONAL AIRLINES, TO COME IN AND HAVE AN ACTUAL IMPACT, THE DIFFERENCE PROFITABLE WAY BUT TO KNOW THEY HAVE A TRUE PARTNER IN THEIR GROWTH.
>> I WOULD LIKE TO SPEAK TO PROSPECTIVE STUDENTS AT THE UNDERGRADUATE AND GRADUATE LEVELS BECAUSE OF THIS MICRON MOMENT, AND BECAUSE OF THE INVESTMENT OF THE STATE AND SUNY AND IN THIS AREA, WE ARE GOING TO HAVE INCREDIBLE OPPORTUNITIES UNIQUE OPPORTUNITIES IN THE WORLD FOR STUDENTS AT EVERY LEVEL.
AND THEY SHOULD COME HERE AND BE PART OF IT, TO LEARN, TO GROW, TO DO CO-OPS AND INTERNSHIPS, TO LEARN HOW TO BE INNOVATORS AND LEADERS.
THERE IS GOING TO BE NO MORE EXCITING PLACE TO BE THAN HERE AT BINGHAMTON UNIVERSITY IN BROOME COUNTY.
>> I WANT TO THANK OUR GUESTS TONIGHT FOR THEIR INSIGHT INTO HOW THE SOUTHERN TIER CAN POSITION ITSELF TO TAKE ADVANTAGE OF THE ECONOMIC OPPORTUNITIES THAT ARE GOING TO BE MADE AVAILABLE BY THE MICRON PROJECT.
GOOD LUCK AND THANK YOU VERY MUCH.
>> THANK YOU FOR HAVING US.
>> SUPPORT FOR THIS SPECIAL PROGRAMMING IS BROUGHT TO YOU BY VISIONS FEDERAL CREDIT UNION, SERVING MEMBERS THROUGHOUT THE REGION.
MORE INFORMATION IS AVAILABLE AT VISIONS DLTD FCU.ORG.
YOU MAKE YOUR OWN WAY, YOU DEFINE YOUR OWN PATH.
AND WITH OUR BUSINESS TOOLS, WE WANT TO HELP YOU DO IT EVEN BETTER.
TO ALL THE SMALL BUSINESSES IN BROOME COUNTY, WE GOT YOU.
>> SINCE 1886, SECURITY MUTUAL LIFE HAS BEEN AN INNOVATOR IN THE LIFE INSURANCE INDUSTRY, FOCUSED ON HELPING PROTECT POLICYHOLDERS AGAINST LIFE'S UNCERTAINTY.
TAKING PRIDE IN SUPPORTING LOCAL
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