SEEC identified priority initiatives known as Prosperity ForumsBusiness Retention & Expansion and defining Transformational Incentives. Not only will the programs redefine our communities, the efforts will cultivate a County-wide economic development leadership Alliance representing municipalities, agencies, businesses and community investors. The Alliance works cooperatively to highlight local assets that will establish Schoharie County as integral to three different regional marketplaces (Mohawk Valley, Capital District MSA and Southern Tier Appalachian Region) and celebrate “points of light” in our communities.

SEEC Programs are grounded in the Schoharie Strategy: Shaping the Way Forward.

PRIORITY PROGRAMS OF 2020

SEEC PROSPERITY FORUMS

prosperity [pro-sper-i-tee] a successful, flourishing or thriving condition, especially in financial respects; good fortune 

SEEC Prosperity Forums are creative collaborations cohosted by strategic alliances designed to cultivate common ground, generate creativity, discuss possibilities, find solutions and mobilize investment in our communities resulting in prosperity for all. The topics highlight market opportunities or address key issues and community challenges. Participants seek solutions that may advance economic and community vitality. A series of topics introduced in 2020: 

LODGING POSSIBILITIES, January 2020 

Tourism is a significant economic engine in Schoharie County. Therefore, in response to local market conditions, SEEC and its alliances hosted a panel of world-class hospitality professionals to share their broad expertise so that Schoharie County tourism investors may begin to reshape and reimagine the local accommodation landscape.

Click here to view event highlights. 

DOWNTOWN DEVELOPMENT, April 2020 (postponed due to COVID-crisis) 

Home to six different historic villages, SEEC has embraced the notion of “placemaking”, we have a full understanding that where investment occurs, matters. In order to retain and attract a talented workforce, our built environment must emphasize accessible job centers, sustainable infrastructure and livable communities. The Downtown Development Forum was organized to have industry experts share how to capitalize on local community assets that would inspire and create spaces promoting people’s health, happiness and well-being both socially and fiscally. 

INNOVATION, INVENTION & TECHNOLOGY, Fall 2020 (postponed to 2021 due to COVID-crisis) 

SEEC believes curiosity and innovation is the lifeblood of organizational or business sustainability. The successful exploitation of new ideas is crucial to a business being able to improve its processes, bring new and improved products and services to market, increase its efficiency and, most importantly, improve its profitability. This Forum was slated to link the educational community, both teachers and students, to innovative businesses in the region. We believe this is a stepping-stone to ensuring classroom lessons become practical and local opportunities become real. 

Future Forum topics will highlight: 

  • ACCESS TO CAPITAL
  • COMMERCIAL/INDUSTRIAL DEVELOPMENT
  • AGRICULTURE VALUE ADD

BUSINESS RETENTION & EXPANSION (BR&E)

re·ten·tion [re-ten(t)SH(e)n] the action of absorbing and continuing to hold a substance 

Existing businesses and the local workforce are key “barometers” of a community’s economic health, as a place to live, work and play. Research shows that small businesses are major drivers of job growth. BR&E is intended to help focus the energies of community stakeholders on the economic assets that already exist in the community and regions, making Schoharie County enterprises stronger and more resilient over time. A concerted effort to connect with investors, gauge the business climate and develop customized programs was underway but took a noticeable turn during the COVID- world pandemic.  

In response to the COVID crisis, SEEC surveyed hundreds of local businesses to better understand the crisis impact, economic injury, broadband accessibility issues and access to capital needs. With a goal of retaining local enterprises, SEEC not only brokered federal, state and regional relief programs, SEEC delivered a COVID-19 Business Resource HUB and facilitated local Agency Response & Recovery Teams and recently established the SchoCo Forward: Business Reopening/Recovery Task Force. Resource Hub 

FULL RESULTS FROM SEEC’S COVID-19 BUSINESS IMPACT SURVEYS:

  • SEEC’s COVID-19 Survey #1 Results (March 21 – March 25):

Business Impact Survey

  • SEEC’s COVID-19 Survey #2 Results (April 1 – 4):

Economic Injury & Broadband Access

  • SEEC’s COVID-19 Survey #3 Results (April 29 – May 2):

Business Relief & PPE

TRANSFORMATIONAL INCENTIVES

trans·for·ma·tion [tran(t)sfərˈmāSH(ə)n] a thorough or dramatic change in form or appearance 

The thrust of this program is to assist enterprises to add value to their products and processes in both bull markets and bear markets, especially, as recently experienced by the world pandemic market disruption. SEEC has worked diligently with its Advisors to identify incentives that help firms overcome obstacles, costs and adapt business practices. In June, SEEC launched its first transformational lending program, the SEEC Resiliency Fund.