Economic Benefits For New York State

Job Creation

• Now, New York tax payer dollars are promoting job growth and increasing revenue in states like Massachusetts, New Hampshire and even Wisconsin.
• The project expands the Central-Leatherstocking Region’s strong health, social services and education sectors. 
• The project creates 112 new, high-quality, skill-based jobs.
• Jobs created include teachers, aides, therapists, nurses, maintenance, direct care staff and administrators.
• The project will add annually over $5 million in revenue to the region’s economy.
• 80% of the new revenue will come from employee salaries and fringe benefits.

 

Delayed Payment

• There is no up-front cost to New York State for this project. 
• This project is being financed with a 30-year bond, which will be paid off through an increase in the rate SED and OCFS pay us to care for our students. 

 

Saving New York State Money – Keeping it In-State

• Each year New York children remain in schools out-of-state, New York State sends millions of tax payer dollars to other states to cover their tuition and care.
• After project completion, Springbrook’s tuition and maintenance rate will be less than 80% of out-of-state schools currently housing our children:

 

Tuition & Maintenance	Per student	Total (for 24 students)
Average Out-of State	$     270,162	$   6,483,888
Springbrook Projected	$     232,930	$   5,590,320
Annual Savings to New York State	$       37,232	$      893,568
Total Savings  (over life of bond)	$ 1,116,960	$26,806,950

• The money New York does spend to care for these children will remain in-state, where it belongs.
• The money will fuel our economy, promote job growth and benefit the people who need it most.

 

 Construction Opportunities

• Construction is expected to last 18 to 24 months. 
• Springbrook pledges to work with local vendors and contractors to the greatest extent possible.
• For the planning and design, Springbrook has already worked exclusively with New York State-based architects, environmental engineers and a construction management firm.
• Much needed construction opportunities for regional and state-based companies include (but are not limited to): site work, plumbing/septic, water systems, roadways/paving, asbestos/mold mitigation, house construction, school construction and interior renovations. 

 

Cost Sharing

• To date, Springbrook has invested $1.4 million of its own money in the project.
• Springbrook is privately raising an additional $5 million for this project.
• Donors have already pledged more than $3.7 million toward the campaign.