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02-28-2002

Clarkson Creates Jobs In Potsdam Through Development Of Downtown Campus

Over the past four years, 73 new full-time jobs and 32 new part-time jobs have moved into the Village of Potsdam as the result of businesses locating downtown in Clarkson University's Lewis House, Clarkson Hall, and Peyton Hall.

Clarkson has moved nearly all of its academic activities onto the main campus, leaving behind the downtown buildings where the University had its beginnings. Now the buildings have taken on a new life as home to numerous small businesses and entrepreneurs.

During the past four years, Clarkson has invested nearly $4 million in the redevelopment effort. About $2 million has been spent on physical renovations and improvements to the buildings so that business tenants could move in; approximately another $2 million has been invested in equipment, renovations and development costs for Clarkson's Master of Physical Therapy program, which occupies the second floor of Clarkson Hall.

Business tenants include Fused Solutions, Northern Orthopedics, Canton-Potsdam Hospital Physical Rehabilitation Services, Sunmount Developmental Services, and other professional offices.

The downtown campus is included in Potsdam's Empire Zone. Businesses locating within the Empire Zone can be eligible for a variety of tax credits and incentives from the state.

Clarkson has worked in partnership with the Village of Potsdam's Economic Development office in bringing new businesses to the downtown buildings. Fused Solutions, one of the largest tenants, was assisted by an economic development loan coordinated through the Village's economic development activities.

Clarkson is continuing to recruit new businesses. The assets of a safe, friendly community, an educated workforce, and the research expertise available through Clarkson's faculty assist in making Potsdam an attractive location for development.

[News directors and editors: For more information, contact Michael P. Griffin, director of News & Digital Content Services, at 315-268-6716 or mgriffin@clarkson.edu.]

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