|
2009
Highlight & Impact
Study
2009
Highlight & Impact Study
(pdf)
A Message from the Executive Director
Alfred Technology Resources, Inc. (ATRI) was founded in 1987 as an economic development entity with the mission to assist job creation in the Southern Tier Region of New York State. In 1992, ATRI created the Ceramics Corridor Innovation Centers (CCIC) program and built two hi-tech incubator facilities that would provide lab and office space to entrepreneurs for new business start-ups. Over the past 18 years, the CCIC program has been recognized as a successful economic development model for job creation.
To date, tenant and graduate firms have created 2,579 jobs. The cost has been $3,877 per job resulting in a cumulative economic benefit per job of $235,750 on an initial investment of $10mm provided by New York State.
Last year, in spite of the economic recession two tenant companies graduated from the program, and companies remaining within the incubator program maintained the same level of employment; 91 jobs and wages at approx $5mm. Additionally, reported annual revenue of tenants increased 10% over 2008 (from $4.1mm to $4.5mm). This is a confirmation that the business incubation model works well in assisting entrepreneurs to weather challenging economic times.
In 2009, development and construction of the NanoMaterials Innovation Center (NMIC), a wholly owned subsidiary of ATRI, was successfully completed. The NMIC program focuses on nano-materials research and development and technology transfer activities related to energy, semiconductor manufacturing and biotechnology.
For 2010, the NMIC program will provide a means to more effectively introduce new technology into the marketplace through research advancement and technology transfer activities. The NMIC provides industry with research tools to enable cost savings and profitability through new product development.
ATRI continues its mission of marketing this talent-rich region, fostering regional economic growth by the proven methods of business incubation through the Ceramics Corridor Innovation Centers program.
Highlights:
-
No. of jobs created –
direct 2,579; indirect 1,719
-
No. of graduate companies/projects
– 33
-
% success rate – 94%
-
Reported business revenues
in excess of $4.5 million
-
Generated in excess of $5
million in wages
-
Made capital investments
of $1 million
-
Cumulative economic benefit
of $235,750 per the
3,877 direct jobs created
-
A return of $866 million
on $10 million investment
for the Southern Tier
region
-
126 technologies have been
patented by tenants
of the Ceramics Corridor
Innovation Centers.
There has also been
over 177 articles and
papers published
|
