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TDO Generates a Record $93 Million in Economic Impacts

PRESS RELEASE
11/12/2008

According to an independent survey, the Central New York Technology Development Organization (TDO) generated $93,974,358 of economic impact on a federal investment of $377,000 and a state investment of $270,000 in the fiscal year ending June 30, 2007. The results included over $24 million in increased sales, $25 million in retained sales, $7 million in cost savings, 94 new jobs created, 540 jobs retained and $6.5 million in equipment investments.

TDO is the regional center for the Manufacturing Extension Partnership (MEP); a program sponsored by the National Institute of Standards and Technology and coordinated in New York by the New York State Foundation for Science, Technology and Innovation (NYSTAR). TDO serves the five counties of Cayuga, Cortland, Madison, Onondaga and Oswego.

TDO, a not for profit business development organization, works to improve the global competitiveness of manufacturing and high technology companies. As part of its contract with the MEP program TDO clients are surveyed by an independent research firm. The economic impacts are generated from the data provided by the companies receiving assistance. Impacts are created through TDO services including lean manufacturing, six sigma, technology commercialization, quality systems, workforce training, business start-up assistance, global business development, strategic planning and marketing.

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This printout was brought to you by the Central New York Technology Development Organization.

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