Amsterdam Printing Will Stay and Expand in Upstate New York

New York economic development agency Empire State Development announced that Amsterdam Printing and Litho, a business that has been located in the state for more than 115 years, has decided to stay in Upstate New York and go ahead with an expansion of its operations.

Amsterdam Printing

Amsterdam Printing (photo –

Supported by ESD, the Mohawk Valley REDC and the Montgomery County Business Development Center, the company will invest $10 million and create 39 new jobs while retaining its existing workforce of 469 employees in the state.

Amsterdam Printing was founded in 1898 by Abraham Singer as a one-man print shop in an NYC apartment. Today, the company has grown into one of the 20 largest promotional product companies in the United States.

They make promotional products that help businesses promote their company and retain customers by offering products ranging from personalized pens to pocket and desk calendars.

Amsterdam Printing has two facilities in Amsterdam and Queensbury, NY. The company is now owned by Minnesota-based Taylor Corporation, which recently kicked off a site selection process to evaluate suitable sites for investment where Amsterdam Printing could grow in the future.

Multiple New York State agencies worked with the company, the Mohawk Valley Regional Economic Development Council and the Montgomery County Business Development Center to ensure the retention and expansion of Amsterdam Printing’s operations in Upstate New York.

For starters, ESD has offered the company $3.25 million in performance-based incentives. This includes a $2.5 million capital grant that is tied to the retention of the company’s 469 jobs for an eight-year period. Another $750,000 in Excelsior Jobs Program Tax Credits will support the creation of 39 new jobs.

ESD Acting President, CEO and Commissioner Howard Zemsky said in the release that Amsterdam Printing has helped grow the local economy for more than a century, and when its parent company began evaluating where to invest for the future, they made a strong case to company officials and showed them why Upstate New York is a great place to continue to do business.

Also, a $900,000 grant will be provided to Amsterdam Printing through New York State Homes and Community Renewal. The New York Power Authority has likewise offered the company additional low-cost power for a seven-year period under the ReCharge NY Program.

NYPA president and CEO Gil C.Quiniones said in the release that ReCharge NY was designed specifically to create and retain jobs in New York, and they’re gratified that Amsterdam Printing recognized the program’s benefits.

Montgomery County Executive Matthew L. Ossenfort added that successful economic development projects, such as the retention and expansion of Amsterdam Printing, emanate directly from deep collaboration with private and public sector partners and their intense commitment to existing businesses in Montgomery County.

Illinois Clean Jobs Bill Hopes to Create Thousands of Green Jobs

Legislation introduced in the Illinois General Assembly could end up creating tens of thousands of green jobs in the state’s clean energy economy.

The Illinois Clean Jobs Bill (SB1485 and HB2607) seeks to establish new energy efficiency and renewable energy standards by amending the Illinois Power Agency Act.

Video – IL Clean Jobs

The bill would:-

- Increase energy efficiency standards to 20 percent by 2025;

- Increase the percentage of energy generated from renewable sources like wind and solar to 35 percent by 2030; and

- Create a market-based strategy to reduce the carbon pollution from power plants, as required to meet new Clean Power Plan standards recently announced by the U.S. EPA.

Hiking energy efficiency standards to 20 percent will double the savings as compared to what would otherwise be achieved under current standards in the state. The revenues generated from the carbon marketplace auctions would be invested in areas like workforce development and new renewable energy projects.

These measures, together with the 10 percent hike in the amount of renewable energy from 25 to 35 percent, are expected to provide a huge spurt in growth for the Illinois clean energy economy.

Illinois currently has around 100,000 clean energy jobs. If the Illinois Clean Jobs Bill becomes law and the higher standards it calls for are fully implemented, it is expected that the industry could support the creation of 32,000 jobs per year.

The average of 32,000 jobs created per year is an impact estimate provided by the Illinois Science and Technology Institute, based on data provided by the Illinois Department of Commerce and Economic Opportunity (DCEO) and the NRDC, among others.

The Illinois Clean Jobs Bill was introduced in the Illinois Senate by Sen. Don Harmon from Oak Park. Rep. Elaine Nekritz introduced the companion bill in the House.

“This bill benefits people in every part of Illinois, in our biggest cities, in suburbs, in farming communities – anywhere where people would gain from new jobs, better health and a cleaner environment,” said Sen. Harmon in a release issued by the Illinois Clean Jobs Coalition.

Rep. Nekritz noted that in the race to build a long-term, sustainable and profitable clean jobs economy, too many states are beginning to outpace Illinois, and urged fellow lawmakers to act now and join them in passing the bill.

The Illinois Clean Jobs Coalition, comprised of more than 40 businesses and 28 environmental and business organizations, likewise issued a statement in which they say that the Illinois Clean Jobs Bill sets a long-term clean energy policy that creates jobs, rather than sunsetting soon, missing opportunities to create jobs and raising the risk that consumers will again be asked to pay more in just a few short years.

NSF Grant for Tulane I-Corps Site to Boost New Orleans Economic Development

The National Science Foundation has selected Tulane University as the location for an Innovation Corps (I-Corps) Site and a grant that will result in a three-year push for commercializing technology-based research.

The Tulane I-Corps Site for a Resurgent New Orleans program will be funded with a federal grant from the NSF.

NSF Innovation Corps

NSF Innovation Corps (photo –

According to a Tulane release, the project will expand New Orleans economic development by furthering the growth of the City as a hub for careers in energy, the environment and technology.

The Tulane I-Corps Site, one of 20 such sites in the United States funded by the NSF, will be the first one in Louisiana and the Gulf South region.

As part of this project, teams of students, professors and postdoctoral scholars at Tulane will work together with entrepreneurs from the region in multiple teams to move NSF-funded research at Tulane to the marketplace.

The Tulane I-Corps project will be led by Lars Gilbertson and Anne-Marie Job. Gilbertson is a social entrepreneurship professor and a professor of practice in biomedical engineering. Anne-Marie Job is the program director of Tulane’s Interdisciplinary Bioinnovation PhD program.

Gilbertson said in the release that the development of new technologies will expand New Orleans economic development and reinforce the burgeoning life sciences industry in the city and the surrounding region.

Anticipated program outcomes include increases in patentable technologies, start-up companies, and commercial licenses. Students and faculty who will be part of the Tulane I-Corps teams will, because of their deep involvement in innovation and entrepreneurship, themselves emerge as innovators and entrepreneurs.

The I-Corps project will enhance Tulane’s interdisciplinary Bioinnovation PhD program that pushes biomedical technologies from the lab into the healthcare sector. I-Corps teams will also work with the biomedical engineering program at Tulane which already has a successful track record of creating startups, intellectual property and other commercial ventures.

I-Corps is a public-private partnership program that combines a targeted curriculum with experience and guidance from established entrepreneurs. To implement it, the NSF is creating a National Innovation Network comprised of I-Corps Regional Nodes and I-Corps Sites.

The I-Corps Sites strengthen innovation locally, and each new Site adds to the program’s network of mentors, researchers, entrepreneurs and investors. It’s a very clearly defined and well-integrated system, with the I-Corps curriculum administered to I-Corps teams through online instruction and on-site activities at the I-Corps Nodes.

More information about the I-Corps project and application process to apply for an I-Corps Site is available on the NSF’s I-Corps Sites solicitation page.

Gilbertson added that the Tulane I-Corps Site will enable them to strengthen Tulane’s commitment to STEM education, women and underrepresented minorities, and also to global health initiatives and service to persons with disabilities.

Maryland Economic Development’s BioMaryland Center Awards $865K to Life Sciences Startups

The BioMaryland Center, an office within the Maryland Department of Business and Economic Development, has awarded $865,000 to five life sciences startups and a research team as funding for accelerating commercialization efforts.

BioMaryland Biotechnology Development Awards

BioMaryland Biotechnology Development Awards (photo –

BioMaryland was created in 2009 as a dedicated Maryland economic development unit responsible for supporting the life sciences industry in the state.

The Center is tasked with connecting life sciences companies with academic and federal researchers and helping them gain access to potential capital sources, partners, clients, and other resources.

It also promotes the state’s life sciences industry in the U.S. and abroad, and offers a limited amount of funding through the Biotechnology Development Awards program to selected companies and faculty for commercializing their technology.

Since being established, the program has awarded 48 life sciences projects in Maryland a total of over $8.34 million. These awards of in between $50,000 to $200,000 have enabled several early stage startups to advance their technologies and successfully raise private financing in different ways.

For example, TelCare secured more than $60 million in venture capital financing after receiving BioMaryland funding. Gliknik likewise managed to secure $25 million in upfront fees from Pfizer, and United Therapeutics landed $45 million in funding through a Department of Defense contract.

The latest round of six funding awards for life sciences projects totaling $865,000 include Brain Biosciences; GraftWorx, LLC; JPLC Associates; Mindoula Health; Vixiar Medical, Inc.; and Dr. Quinones-Hinojosa and Dr. Jordan Green, Johns Hopkins School of Medicine.

The last one is a research team at Johns Hopkins working on biodegradable nanoparticle therapy. Rockville, MD-based Brain Biosciences has developed a portable PET scanner that makes it easier to test patients for Alzheimer’s and other neurodegenerative disorders.

Bel Air, MD-based GraftWorx LLC has developed a smart graft that alerts clinicians of critical events before they occur, thus avoiding emergency procedures with cost-effective early interventions. Annapolis, MD-based Vixiar Medical Inc. has developed a handheld, noninvasive device to monitor congestive heart failure.

Baltimore, MD-based JPLC Associates has come up with a device called a Raven which integrates quality assurance parameters for radiation therapy equipment. Silver Spring, MD-based Mindoula Health is building a telehealth platform for providing virtual behavioral health case management services and collaborative care.

Maryland Department of Business and Economic Development Secretary Mike Gill said in a release announcing the state investments in these projects that the awards provide critical funding and help to ensure that the life-saving research being done at these companies has the opportunity to move to the commercial marketplace and potentially impact millions around the world.

Pennsylvania Governor Proposes Economic Development Reforms

In his first budget address to the Pennsylvania General Assembly next week, Governor Tom Wolf will propose several new measures and key reforms to existing Pennsylvania economic development programs.

PA Jobs That Pay Plan

PA Jobs That Pay Plan (photo –

In a speech to local officials and the business community in Bethlehem, PA, Gov. Wolf outlined several budget proposals targeting three goals for economic development and creating good-paying, middle-class jobs.

The three goals being targeted are the creation of a pro-growth business climate, manufacturing sector growth, and creation of workforce partnerships for economic success.

Proposals aimed at the first goal of creating a pro-growth business climate offer a sweeping tax relief package that includes reducing the corporate net income tax by half within two years.

This would flip Pennsylvania from the state with the second highest rate (9.9 percent) to the fourth lowest one at 4.99 percent.

Other tax reform proposals that will be in the budget include eliminating the Capital Stock and Franchise Tax, and requiring combined reporting. The latter refers to multi-state businesses being taxed on their total revenues instead of just their operations in Pennsylvania.

The net tax bill after factoring in both combined reporting and the tax cut would still be lower than before, and the combined reporting requirement has the advantage of leveling the playing field for Pennsylvania businesses.

The manufacturing growth proposals include the establishment of a new ‘Made In Pennsylvania Job Creation Program’ to distribute a $5 million tax credit to manufacturers creating good paying, middle-class jobs.

Another $5 million will be made available to the state’s Industrial Resource Centers to help them support research universities in advancing manufacturing technology and commercialization.

Proposals in the budget to further workforce partnerships include enhanced funding for several programs such as WEDnetPA (Industry Partnerships and Workforce and Economic Development Network of Pennsylvania).

The budget also seeks enhanced funding for vocational rehabilitation programs for persons with disabilities; for specialized technical education public post-secondary programs; and for job-linked literacy programs that build employment skills.

In a release announcing these proposed economic development reforms, Gov. Wolf said that Pennsylvania can help set the table for robust private sector growth to create and retain good jobs while strengthening the middle class.

“In order to create jobs that pay and an economy that grows, we must acknowledge that success will require investment in our companies and our people, and a new business climate that is welcoming and fair,” said Gov. Wolf.

Michigan Economic Development Support for Marquette Brownfield Redevelopments

The Michigan Economic Development Corporation announced MSF approval of three community revitalization projects, two of which are brownfield redevelopments in the City of Marquette.

Pure Michigan

Pure Michigan (photo – PunkToad/flickr)

The third project is a 13-story building renovation in downtown Grand Rapids. Together, these three projects will generate $225 million in investment and create 194 new jobs.

But the impact on City of Marquette economic development is going to be much bigger because the City’s Brownfield Redevelopment Authority is planning the redevelopment of a 37-acre property by demolishing existing structures and constructing the new regional acute-care DLP Marquette General Hospital and medical office building.

This project will generate a capital investment of at least $170 million, create 150 new jobs and retain 2,300 existing jobs. The Michigan Strategic Fund has approved over $55.76 million in local and school tax capture for the City of Marquette Brownfield Redevelopment Authority.

The other project that received MSF approval is the redevelopment of a brownfield site in Marquette by Liberty Way Hospitality, LLC. The company is redeveloping a blighted industrial baking facility into a mixed-use development that includes space for offices and residential properties, along with restaurant and hotel space.

This is a three-phase project involving a $20.4 million investment and will create 19 jobs. MSF has approved a $4.1 million loan for the project under the Michigan Community Revitalization Program loan for the construction of a second building, extended-stay hotel, residential facility and underground parking.

The City of Marquette is supporting this project with brownfield tax increment financing of more than $7.5 million.

Apart from these three community revitalization projects, the Michigan Economic Development Corporation also announced MSF approval of a bond issue to fund a $50 million grant program to boost skilled trades instruction.

Eighteen community colleges across the state have been selected to receive funding through the Community College Skilled Trades Equipment Program. Announced last year in October, this program aims to provide funding for Michigan community colleges to purchase equipment required for educational programs in high-wage, high-skill and high-demand occupations.

The 18 colleges receiving the CC STEP grants will be coming up with more than $21.5 million in matching funds. The colleges are also required to collaborate with school districts and provide a detailed plan on how the funding will be used to help meet employers’ workforce needs.

Gov. Snyder said in a release announcing the grant awards that this serious investment, one of the largest of its kind in the country, will tap top-notch community colleges in Michigan and help new students and adults looking for new opportunities gain the skills sought by companies looking to grow and expand, creating more and better jobs in Michigan.

Kentucky Economic Development Programs Turn Asian Carp Into Health Food and 66 Jobs

Blue Shore Fishery LLC, a manufacturer of healthy food products from Asian carp, announced the location of a processing facility in Graves County, KY.

Blue Shore Fishery

Blue Shore Fishery (photo –

Supported by the Kentucky Innovation Network, Graves County Economic Development Corp, and state incentives approved by the Kentucky Economic Development Finance Authority, the company will invest $1.3 million into the project, and expects to create 66 new jobs.

Blue Shore produces innovative health food products from Asian carp based on traditional Asian recipes using high-quality fish and local ingredients with no artificial additives or preservatives.

The company plans to sell its food products to wholesale and retail markets in the U.S., and also export to China.

Dr. Lan Chi Luu and John Crilly, owners of Blue Shore Fishery LLC, won the Kentucky Cabinet for Economic Development entrepreneur pitch competition in Murray last summer. As the winner in the regional round, they were provided an opportunity to make a pitch to the Kentucky Angel Investors Network.

The Kentucky Innovation Network Office in Murray not only helped them with access to capital, but also with connections for marketing and web development, and export assistance.

In order to encourage their investment and job creation plans in Graves County, the Kentucky Economic Development Finance Authority (KEDFA) has preliminarily approved up to $1 million in tax incentives for Blue Shore Fishery through the Kentucky Business Investment program.

Blue Shore plans to catch Asian carp up and down rivers and lakes all over western Kentucky. They will process the carp in what was formerly a 11,000-square-foot catfish processing plant in Graves County.

Governor Steve Beshear welcomed Blue Shore Fishery to Kentucky and said in a release announcing the project that not only will the company be creating 66 jobs and investing $1.3 million, but will also be adding to Kentucky’s overall exports.

Blue Shore Fishery CEO Andre Raghu said in the release that they greatly appreciate all the help they have received from the Graves County Economic Development Corporation and the Kentucky Innovation Network office at Murray State University.

State Senator Stan Humphries said in the release that this announcement is a win-win for western Kentucky and Graves County. Humphries noted that Asian carp is a problem, and Blue Shore Fishery will help deplete the Asian carp population while providing jobs and investment in the region.

New Orleans Gets Economic Development, Tourism Bump From Viking Cruises

Viking Cruises is arriving in North America with river cruise itineraries on the Mississippi River, and announced the selection of New Orleans as the home port for these cruises.

Boat on the Mississippi off New Orleans

Boat on the Mississippi off New Orleans (photo – Billy Metcalf Photography/flickr)

Recruited by a team that included the Port of New Orleans, Greater New Orleans economic development group GNO Inc. and Louisiana Economic Development (LED), the project will create 416 direct new jobs at the company’s Louisiana-based operations and vessels.

These will be jobs with an average annual salary of $40,000, plus benefits. LED estimates that the project will support the creation of another 368 new indirect jobs, adding up to a total of more than 780 new jobs for Southeast Louisiana.

Starting in late 2017, Viking River Cruises will introduce two boats per year on the Mississippi for three years, for a total of six boats. These boats, to be built at shipyards in the U.S., will have an estimated price tag of $90 million to $100 million each, and will each be capable of hosting up to 300 passengers.

Cruise boat passengers will embark and disembark from the cruise boat docks near the French Quarter in New Orleans. More than 90 percent of these cruise passengers will be out-of-state travelers arriving in New Orleans from all over the U.S., Europe and the rest of the world, resulting in increased tourist spending in the city’s hotels, restaurants, attractions and other local businesses.

LED began discussions on this project with Viking Cruises back in Nov 2013. Teams of local, regional and state officials met with company executives both in the U.S. as well as at their headquarters in Switzerland. Earlier this year, Governor Bobby Jindal met with Viking Cruises Chairman Torstein Hagen in Switzerland as part of an economic development trip to Europe.

Hagen said in a release announcing the project that the Viking team is very proud to partner with the State of Louisiana, and grateful for Governor Jindal’s support. He added that together with their U.S. partners, they take great pride in the economic benefit that river-cruising provides to the regions their guests visit, from the shipbuilders to the local businesses.

“This investment will not only bring great new jobs to our state, but it will also showcase Louisiana and the Mississippi River to the rest of the world,” said Gov. Jindal.

New Orleans Mayor Mitch Landrieu noted that Viking’s project will generate major opportunities for citizens, boost the tourism industry and continue to turbocharge the Port of New Orleans.

Louisiana is providing $4.5 million as a performance-based grant to assist Viking River Cruises with site preparation at the company’s docking locations in Louisiana. The company will also receive workforce training support through LED FastStart, the state’s workforce development program.

Michael Hecht, president and CEO of Greater New Orleans regional economic development group GNO Inc., said in the release that they are proud to have been an integral part of the team that met with Viking on two continents to bring them to New Orleans.

Hecht added that Viking River Cruises’ choice of greater New Orleans is a testament not only to the region’s culture and river, but also to the outstanding teamwork at the state, regional and local level.

Port of New Orleans President and CEO Gary LaGrange likewise noted that the Port’s Board worked for nearly two years with the Viking team to determine the proper venue for the new ships within the port and along the Mississippi River, and added that they couldn’t be happier to add Viking to the port’s cruise portfolio.

Viking River Cruise boats will set sail from New Orleans and continue on to St. James, East Baton Rouge and West Feliciana parishes in Louisiana. Depending on the season, cruises will continue upriver up to Memphis, TN and St. Louis, MO, or even as far up as St. Paul, MN.

D-A Lubricant Relocates More Jobs to Boone County Headquarters in Indiana

D-A Lubricant Company, Inc. continues to be the gift that keeps on giving for the Boone County Economic Development Commission and the City of Lebanon, IN.

D-A Lubricant Company

D-A Lubricant Company (photo – IEDC/

This time, the manufacturer and distributor of automotive lubricants announced plans to relocate the production of its recently acquired Brad Penn Lubricants brand to its headquarters operations in Lebanon.

The company plans to invest $3.9 million at its 250,000 square-foot headquarters facility for this project, and will be creating 25 new jobs for Lebanon and Boone County. This is in addition to the 130 full-time associates, including more than 100 in Indiana, which the company already employs.

The Brad Penn Lubricants brand was acquired by D-A Lubricant from American Refining Group Inc last year in October.

D-A Lubricant Company CEO Mike Protogere said in a release announcing the expansion in Lebanon that they chose to continue growing in Lebanon, Indiana primarily for its outstanding business environment, geographic location, a strong pool of local talent, and the support they received from state and local officials.

The Indiana Economic Development Corporation has offered D-A Lubricant, Inc. up to $100,000 in conditional tax credits, in addition to training grants of up to $100,000. These are performance-based incentives tied to the company’s job creation plans.

IEDC President Eric Doden, who will soon be stepping down from his post, said in the release that doing business in Indiana is like operating a well-oiled machine. Doden said that they have built a business climate in Indiana that allows companies like D-A Lubricant to expand with ease, helping Indiana lead the nation in manufacturing job growth.

D-A Lubricant relocated is headquarters from Indianapolis to the current location in the Lebanon Business Park a few years ago. The company’s relocation to the industrial park coincided with direct rail service to the south side of the Park and its designation as a Foreign-Trade Zone.

At that time, D-A Lubricant invested $15 million into the project and planned to relocate 50 employees to the new Lebanon headquarters and create another 10 new jobs.

To support the headquarters relocation project, the City of Lebanon provided $1.5 million through a TIF bond issue. They also put up another $300,000 as a cash grant for the rail access project, in addition to offering the company a 10-year property tax abatement.

Lebanon Mayor Huck Lewis said in the release that D-A Lubricant relocated to Lebanon looking for a friendly business environment and quality rail service in 2011. The Mayor added that the company’s needs were met, and a long-lasting relationship was formed.

“It’s great to see this quality partnership leading to the growth of a quality Lebanon business,” said Mayor Lewis.

For this latest expansion that brings the Brad Penn Lubricants production and its 25 jobs to Indiana, the City of Lebanon is once again stepping up with local incentives recommended by the Boone County Economic Development Corporation.


Exact Sciences Awarded $9M in Wisconsin Economic Development Tax Credits

Exact Sciences Corp. (NASDAQ: EXAS) has been awarded up to $9 million in Wisconsin economic development tax credits that are being provided to support the company’s growth plans.

Exact Sciences

Exact Sciences (photo –

The $9 million award is the fourth largest in the history of the Wisconsin Economic Development Corporation in terms of job creation.

The exact amount the company will be able to claim depends on its fulfilling investment and job creation commitments.

The Exact Sciences agreement with WEDC enables it to receive the tax incentives in return for making $26,264,000 in capital expenditures in Wisconsin and creating 758 new full-time positions by Dec 31, 2020.

The Exact Sciences project has been an unqualified success for the company, the City of Madison and the state ever since CEO Kevin T. Conroy and COO Maneesh K. Arora relocated the company to Wisconsin in 2009 as a small biotech startup.

Exact Sciences is a molecular diagnostics company focused on the early detection and prevention of colorectal cancer. Last year, Exact Sciences received FDA approval for its Cologuard test.

Cologuard was one of the first products in the FDA and CMS parallel review pilot program in which the two federal agencies are simultaneously reviewing medical devices to reduce the gap between FDA approval and subsequent Medicare coverage for it.

The simultaneous approval by the FDA and Centers for Medicare and Medicaid Services set the stage for the company’s explosive growth and market capitalization on the NASDAQ. Since relocating to Wisconsin, Exact Sciences has grown from two employees to a large team of more than 400 employees that has generated more than $5.2 million in payroll taxes for the state.

Governor Scott Walker said in a release announcing the WEDC tax credit award that he congratulates Exact Sciences on its successes and applauds the company for its continued commitment to Wisconsin.

Madison Region Economic Partnership President Paul Jadin likewise congratulated Exact Sciences on its fast-paced expansion in the Madison area, and added that as Exact Sciences continues to grow, its impact on the regional economy will be profound.

Exact Sciences now plans to create 758 new full-time jobs over the next five years. The tax incentive agreement with the WEDC requires that these new jobs should have an average wage of at least $24.47 per hour.

Kevin Conroy, chairman and CEO of Exact Sciences, said in a release issued by the company that this agreement underscores their commitment to expanding in Wisconsin as they develop new tests that can help eradicate the deadliest forms of cancer.

Conroy added that they moved Exact Sciences to Madison in 2009 because of the state’s strong, dedicated workers and the first-class universities to recruit talent. Following the FDA approval of Cologuard and their pipeline for potential new cancer screening tests, Conroy said that WEDC is now offering another incentive to continue growing their team in Wisconsin.

WEDC Secretary and CEO Reed Hall said in the release that they are pleased to have been able to play a key role in helping secure Exact Sciences’ future in Dane County.

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