Success Story: Pacific Northwest Diabetes Institute
October 2016 Newsletter
In May 2014, the Milwaukee Region received a special designation as a “Manufacturing Community” by EDA’s Investing in Manufacturing Communities Partnership (IMCP) program.
The New York Finger Lakes region IMCP community, led by the city of Rochester, was one of 12 communities that was designated based on the strength of their economic development plans, the potential for impact in their communities, and the depth of their partnerships across the public and private sectors to carry out their plans.
The benefits of the program are being felt widely in the region.
For example, with a $110 million seed capital investment from the Department of Defense to help the region recover from the loss of Kodak, the AIM Photonics has attracted $1.4 billion private sector dollars and created 800 manufacturing jobs just a year after launching.
In addition, in August 2016, Commerce Secretary Penny Pritzker announced that EDA would award $2.6 million in grants to High Tech Rochester, Inc., to establish a business incubator space in a city-owned building. This project is estimated to create 100 new startup businesses and 1,000 new jobs within the first five years of operation.
Read more about the objectives of the Greater Rochester/Finger Lakes Region IMCP Community here.