Business Driven. People Focused. |
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SEPAC is expanding right here in Elmira with the acquisition of Mach III. President/Owner John Meier stated, “ It was my honor and privilege to do the Mach III deal.” Going on to mention relocating the company whose headquarters was in Kentucky, some employees will be retained and join the organization in New York.
Empire State Development supported the project with a grant totaling $295,000. It also received assistance through the Chemung County Industrial Development Agency with an extension of the company's current PILOT as well as sales and use tax and mortgage recording tax abatement. “We appreciate all of the assistance from STEG and the Chemung County Industrial Development Agency," said SEPAC President John Meier.
We are extremely fortunate to have local manufacturers like SEPAC who demonstrate unwavering innovation and growth in our community. We thoroughly enjoy the opportunity to support business retention as well as expansion projects such as this one in Chemung County.
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Reminder: CFA Applications Due July 28th |
New York State has launched Round XIII of the Regional Economic Development Council funding. This year’s programs include capital grant and tax-credit funding combined with a wide range of programs from ten state agencies.
More information on all the programs can be found here. Funding requests must be submitted through the Consolidated Funding Application online portal included in the link.
The core funding includes grants and tax credits to fund high value regional priority projects, as well as additional funding from state agencies to support community revitalization and business growth consistent with existing regional plans.
Please reach out to us if you are considering an investment. We can help determine eligibility and provide guidance. 607-733-6513.
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Mixed Use Redevelopment Success Story |
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Taking a comprehensive look behind the scenes of 200 E Church St., a stunning former federal building located in downtown Elmira. Widely regarded as a cornerstone structure in the city, the significant investment and patience invested in its restoration have truly paid off.
Thanks to support from the State of New York and the City of Elmira, including a Downtown Revitalization Initiative grant funding in 2017 as well as Restore NY funding in 2010 and the NY Main Street Program to help stabilize and preserve the structure, this exquisite building has been revitalized with a burst of new vitality.
This building is now the proud home to over ten businesses, including retail, massage therapy, golf, IllEagle taphouse and restaurant and much more. We recently had the opportunity to visit Fore Seasons Indoor Golf which features a golf simulator, darts, cornhole, and various other games.
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STEG Marketing Initiatives |
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We need your help!
Employee Spotlight
We would like to showcase employees from Chemung County Businesses that meet the following criteria:
- Have worked for their employer 5 or more years
- Chemung County is the individuals hometown
- The individual is a good representation of their employer
- The employee's story is a homegrown story displaying the strengths of living in Chemung County
The goal with this process is to feature employees that call Chemung County home and proudly represent the business they work for.
ENGAGE Feature
We would like to spotlight your Chemung County business for a month on our social media. If your organization is reaching an upcoming milestone, or has exciting news that has recently occurred, we encourage you to reach out!
Please contact Ben at bfleischman@steg.com if you would like to participate
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The Lenders' Roundtable was a networking event held on June 15th at the Radisson in Corning. The event's focal point revolved around supporting small businesses and facilitating connections between lenders and small business development centers. This year's Lenders' Roundtable was well-attended, with many key stakeholders in business development present. Jill Koski, Vice President of STEG, serves as Board Vice-Chair to REDEC.
STEG would also like to express gratitude to the presenters at the Roundtable: Micahel Herceg (SBDC, Binghamton), Ashleigh Madison (Incubator Works), Grace Conners (USBA, Syracuse), and George Miner (REDEC). We eagerly anticipate the next REDEC event and look forward to collaborating with the businesses that strengthen our community.
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ENGAGE Feature: Fagan Engineers |
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The June ENGAGE Feature of the Month is Fagan Engineers & Land Surveyors. A renowned civil and environmental engineering firm. With a remarkable history, FE has been involved in 5,000 projects since 1984. Ranging from single structure environmental audits for the private sector, to detailed design and construction management services for multi-million-dollar projects for public sector agencies.
Fagan provides a personal and direct approach to their client's needs, which has led to a consistent, creative, and successful and economical project implementation process. FE has shown success in obtaining additional funds for infrastructure projects demonstrated in the last round of the NYS Water Infrastructure Improvement Act (WIIA) grant awards. They brought in 16.1 million dollars in funding which is equal to 37% of the entire allotted Southern Tier Region.
FE is a family business offering flexibile work arrangements to accommodate the needs of their employees, particularly those with familial responsibilities. Seeking technical proficiency and professionalism for all of their team members, while encouraging an employees' ability to learn and adapt.
An extremely community oriented organization. FE focuses their donations of time and funds on activities for children, such as youth and local sports. FE additionally encourages team members to choose local community organizations to donate their time and involvement by paid volunteer time.
Thank you for all you do for our community!
For more information please visit their website
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Potential Retail Showroom Space Available |
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The future awaits you and your business. Bring your expansion project to life or a brand new business to fruition right here in Chemung County.
Featured here is 2446 Corning Road in the middle of Miracle Mile (Rt 14). owned by Equilibrium Equities, Inc. 36,123 sf flex space with plenty of parking
For more information please visit our website
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WE APPRECIATE YOUR SUPPORT!
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Southern Tier Economic Growth (STEG) a private, not-for-profit organization that fosters prosperity and vitality in Chemung County through the planning, promotion and implementation of economic development programs. Its board of directors has over 65 members, over 75 percent are private business people working side-by-side with chief elected officials and education and community leaders to help create and retain jobs, sustaining a strong economy. It works with the Chemung County Industrial Development Agency (CCIDA), a Public Benefit Corporation of the State of New York that was formed in 1975. The Chemung County IDA consists of a seven-member Board of Directors and provides a variety of tax incentives, financing, and/or related benefits to a broad range of eligible projects that provide a positive economic impact within Chemung County.
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400 E Church Street
Elmira, NY 14901
P: 607.733.6513
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