|
2007
Highlight & Impact Study
2007
Highlight & Impact Study
(pdf)
A
Message From the Executive Director
The
Ceramics Corridor Innovation Centers
(CCIC) program was born in 1992,
over a decade ago on the heels
of a major economic recession.
The goal was to create 1,000 jobs
by the year 2000 – a figure
that was more than doubled. In
the process, we have proven that
business incubation can indeed,
be a highly successful process,
as the program 94% success rate
clearly indicates.
Last
year, the economy faced a down
turn exacerbated by rising gas
and energy costs and a weak dollar,
but with the solid momentum that
has been created, the program
continued to move forward with
a net increase of 98 jobs. The
numbers, we believe, are a testament
to the hard work of everyone associated
with the program. Since 1992,
tenant and graduate firms have
created over 2,600 jobs. The cost
has been just $3,894 to create
each job, as has been highlighted
in this annual report; the result
has been an economic reward for
the region of $223,130 per job.
That adds up to an astounding
return on investment of nearly
5700%.
For
the future, we will continue to
focus on growing the Ceramics
Corridor Innovation Centers program
and its facilities, as well as
the economy of the Ceramics Corridor
region of New York’s Southern
Tier in general. We will emphasize
to CEOs of major high-tech companies
that there is no better place
to develop their research &
development and start-up projects
than in the dedicated facilities
of proven business incubators.
We will continue to demonstrate
the importance of academic links
for the incubation process.
We
will similarly continue to foster
strategic partnerships between
business, academic, and public
sector entities throughout the
Ceramics Corridor region. No innovative
idea is ever brought to commercial
success in a vacuum, and this
talent-rich region has all of
the resources needed to turn concepts
into economic reality.
We
are very optimistic for the future
of the ceramics and advanced materials
industry in New York State and
look forward to the Ceramics Corridor
Innovation Center’s continuing
role in the region’s economy.
Thank you for your continued support
of this important initiative.
Jon
Wilder
Executive Director
Highlights:
-
CCIC ranked among the Top
10 incubation programs in
the US by the Department of
Commerce and NBIA (*)
-
No. of jobs created –
direct 2,568; indirect 1,284
-
No. of graduate companies/projects
– 29
-
% success rate – 94%
-
Reported business revenues
in excess of $2 billion
-
Generated in excess of $573
million in wages
-
Made capital investments of
$233 million
-
Cumulative economic benefit
of $223,130 per the 3,894
direct jobs created
-
A return of $806 million on
$10 million investment for
the Southern Tier region
-
72 technologies have been
patented by tenants of the
Ceramics Corridor Innovation
Centers. There has also been
over 137 articles and papers
published
|
