CenterState CEO will take the lead on the four lead initiatives already the focus of major implementation efforts.
Click each initiative to reveal strategic detail
The D2D Innovation Alliance will create a membership-based, business-driven entity that will serve as the “go to” place for firms and entrepreneurs involved in all aspects of this rapidly evolving field. The Alliance will focus on forging connections across industries to advance the D2D cluster through market scouting and deal matching, supporting product development within companies, and venture development. Implementation will require intense engagement with D2D businesses, the entrepreneurial ecosystem and resources for commercialization and research.
By its fifth year of operation, the Alliance will enroll 100 companies and generate up to 50 deal matches annually. Its activities will grow sales for member companies by more than $20 million annually, and, by its 10th year, the initiatives will create 20 new firms.
With initial capital of $15 million and a goal to raise up to $40 million, the new regional Seed and Venture Fund will close a significant gap in capital infrastructure to support entrepreneurs and early-stage firms.
Operating in alignment with CenterState CEO, the fund will work with entrepreneurial networks throughout the region, targeting companies seeking private financing in the $500,000 to $2 million range for expansion or growth. It will focus on firms in the region, although it will not be restricted to regional firms or target industries.
A Commission on Government Modernization will explore approaches for improving local government in Onondaga County and propose a practical plan, based on public input and rigorous analysis of the costs and benefits of existing government structures.
The Commission will evaluate government modernization efforts around the country to develop recommendations for improving the delivery of services and increasing cost effectiveness.
The CenterState Metro Export Initiative, launched in 2011, calls for the doubling the region's exports over the next five years by increasing export activity of the region's top exporters, strengthening the export capacity of small and medium sized businesses and expanding exports of the region's key service providers.
To provide a centralized resource for all export assistance in the region, CenterState CEO and its key partners launched the new CNY International Business Alliance in October, 2013. More information on its activities can be found on the CNYIBA Website.