Business View Civil and Municipal | Volume 2, Issue 6

58 CIVIL AND MUNICIPAL VOLUME 2, ISSUE 6 Member FDIC Insurance products offered through NBTInsurance Agency and its insurance carriers and brokers: Are Not A Deposit | Are Not FDIC Insured Are Not Insured by any Federal Government Agency Are Not Guaranteed by the Bank | May Go Down In Value TRUST YOUR GOALS TO THE RIGHT TEAM was torn down a few years ago. “Oneonta grew as a city in the early 1900s as a railroad center,” Herzig says. “The Delaware and Hudson railroad constructed the largest roundhouse in the world at the time, as well as repair stations for their train cars. That attracted jobs and people. A great diversity of folks came – immigrants came from around the country and the world to work on the railroad. Of course, the railroad doesn’t exist on the same level it did then and those jobs are gone, but the railyard business park is in the location of the roundhouse that attracted jobs that were at the center of Oneonta’s economy. We look forward to having that new business park there and it once again becoming an economic center and an economic engine for the City of Oneonta.” They are hoping the new park will attract new industries to the area, including electronics and life sciences. “Just outside the City of Oneonta is Custom Electronics, which is a very successful enlarging company that does a lot of advanced electronics. Their sister company is called IOXUS and they do major ultracapacitor work,” Zakrevsky explains. “We are trying to look at an electronics corridor in Oneonta that positions us between the City of Binghamton and the City of Albany.” In addition to the business parks, Oneonta is also undergoing a major renovation of its downtown core, thanks to New York State’s downtown revitalization initiative. Herzig shares, “We have an absolutely beautiful, historic downtown. We were selected as one of Governor Cuomo’s first round downtown revitalization initiative winners. There’s a competition each year for $10 million, which is designated to be used not only as an investment, but to leverage private investment into your downtown.” They’ve already begun to see the results of