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Economic Development from Ground Up

Putnam County Economic Development ( PCEDC) President Jill Varricchio has been talking up a “Business accelerator” program for Putnam County. She says “as a catalyst for thoughtful economic development and being familiar with the evolution of the Orange County Accelerator, I found an entry point to bring to Putnam County a similar model. I brought the idea to my board”.

According to Varricchio, a decision was reached after the PCEDC 2016  stakeholders ‘retreat’ to explore the idea. The idea was presented to Putnam County representatives from from the planning department, the Putnam County Industrial Agency, as well as their directors who all  confirmed, the concept had merit The “International” theme was then identified.

Timing would have it that Juan Carlos Salcedo, international consultant with 30 years working globally, was transitioning his business and offered his site in Philipstown  for the 10,000 Sq Ft needed for the 8 “Pods” or work space.   The 8 Pods would be incubating successful startup businesses with tools and resources from different industries to “ accelerate” their start up business. If we follow in Orange County’s footsteps, such industries as Artisan food manufacturing, Fashion design, medical devices and software development etc….

Along with the Putnam county team the PCEDC has been working with Vinnie Cozzolino of The Orange Accelerator Galileo Technology, along with Juan Carlos Salcedo to  coordinate the start up, outline specific details of the program and its marketing plan and revenue goal. The idea is to identify and qualify the overseas businesses with a track record of success with a current business plan  that reflects their aim to bring their goods and services into this country.

The Accelerator will nurture their growth through an array of  services,assist with their expansion and then escort them through to the natural next step, i.e. match them to Putnam County assets.  be it leasing, buying, or building as well as collaborating to locate the very best talent for their business.

PC IDA President Bill Nulk saysThe proposed Economic Development Accelerator in Philipstown is an enhancement of the “incubator” projects popular is many areas.  The big difference is that it works with companies that have successfully gone through the startup phase and are ready to expand in to new markets and greater production.  The building on route 9 in Philipstown is well suited for the layout design of the facility and the proposed management of the operation has a good track record with similar projects. The proximity and access to Stewart Airport Interstates 84, 87, 80 and 95 is an obvious distribution asset and the convenience to the many attractions of the New York Metropolitan Area make Route 9 in Philipstown an inviting location.”

While we would to well enticing promising businesses to develop and then stay in our County, we must also work at all levels of government to provide the infrastructure they, and all of us, need for our future – waste and water systems, modern internet and telecommunication access. Without that, we will be incubating businesses to move elsewhere.

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