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Find out what’s happening at Empire State Development

Get the latest on New York State’s development plans and projects. Find press releases, meeting notices, and stories about businesses finding success in New York State.

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Board Meeting

Wednesday, December 14, 2016 - 3:00pm
Meeting of the Directors of the New York Convention Center Development Corporation, a subsidiary of the New York State Urban Development Corporation d/b/a Empire State Development.
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Board Meeting

Wednesday, December 14, 2016 - 12:30pm
Meeting of the Members of the New York Job Development Authority With videoconferencing to: The New York State Department of Labor State Campus – Building 12 Albany, New York 12240 and: NYS Department of Agriculture and Markets 10B Airline Drive Albany, New York 12235 and: NYS Department of Financial Services 1 State Street – 19th Floor New York, NY 10006  
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Webcast

Friday, December 9, 2016 - 3:00pm
Meeting of the Directors of the Statewide Local Development Corporation, 12/09/2016
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Board Meeting

Friday, December 9, 2016 - 3:00pm
 Meeting of the Directors of the Statewide Local Development Corporation, a local development corporation created under New York State law. With videoconferencing to: Empire State Development  625 Broadway – 8th Floor, Room 812  Albany, New York 12245  
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Press Release

Friday, December 9, 2016 - 9:33am
All 10 Regional Economic Development Councils Receive Funding to Drive Local Economies Forward and Implement Strategic Plans for Growth Finger Lakes, Mohawk Valley, Capital Region, Mid-Hudson and New York City Named ‘Top Performers’ – Awarded $409 Million in Total Funding Western New York, Southern Tier, Central New York, North Country and Long Island Receive $308 Million in ‘Regional Council’ Awards Governor Andrew M. Cuomo today announced that more than $700 million in economic and community development funding has been awarded through Round VI of the Regional Economic Development Council initiative. A centerpiece of the Governor's strategy to jumpstart the economy and create jobs, the Regional Councils were established in 2011 to replace the state's old top-down approach to economic development, with one that is community-based and performance-driven. The initiative empowers community, business, and academic leaders, as well as members of the public in each region of the state, to develop strategic plans specifically tailored to their region's unique strengths and resources in order to create jobs, improve quality of life and grow the economy. More information on the 2016 Regional Economic Development Council Awards is available here.  To read the full press release, click here  
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Press Release

Thursday, December 8, 2016 - 9:49am
Empire State Development today announced that BlackRock, a global leader in investment and risk management, will create 700 new jobs and retain 2,672 employees in New York State, in a major expansion of its global headquarters. BlackRock will move its headquarters to a new skyscraper that will be built at 50 Hudson Yards, on the Far West Side. “Attracting investment and growing jobs are our top priorities, and this agreement will create and retain more than 3,300 jobs and bring in hundreds of millions of dollars in private investment – it’s a win-win for New Yorkers,” said ESD President, CEO & Commissioner Howard Zemsky. “BlackRock was founded by eight partners in a single office in Midtown Manhattan more than 25 years ago. We had a simple vision to merge our deep knowledge of the capital markets with a technology-driven risk management platform to create a different type of asset manager,” said Robert S. Kapito, Co-founder and President of BlackRock. “Since then, clients have come to value our ability to help them solve their most difficult financial problems and we’ve grown into one of the most trusted asset managers in the world. We are thrilled to be an anchor tenant in one of the most innovative real estate projects in New York’s history.” To encourage BlackRock to expand in New York State, ESD is providing the company with up to $25 million in performance-based Excelsior Jobs Program refundable tax credits. BlackRock will create 700 new jobs, retain 2,672, and maintain those staffing levels for the next 10 years. The new employees will perform jobs that cut across the entire firm, including client businesses, investment management services, risk and quantitative analysis, and technology and operations. Since its founding in 1988, BlackRock has called New York City home. The firm currently has 13,000 employees globally and approximately 2,700 employees in multiple locations in New York City. In the fall of 2022, BlackRock will relocate its NYC-based staff to 50 Hudson Yards. About BlackRock BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients. At September 30, 2016, BlackRock’s AUM was $5.1 trillion. BlackRock helps clients around the world meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares® (exchange-traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. About Empire State Development Empire State Development (ESD) is New York’s chief economic development agency (www.esd.ny.gov). The mission of ESD is to promote a vigorous and growing economy, encourage the creation of new job and economic opportunities, increase revenues to the State and its municipalities, and achieve stable and diversified local economies. Through the use of loans, grants, tax credits and other forms of financial assistance, ESD strives to enhance private business investment and growth to spur job creation and support prosperous communities across New York State. ESD is also the primary administrative agency overseeing Governor Cuomo’s Regional Economic Development Councils and the marketing of “I Love NY,” the State’s iconic tourism brand. For more information on Regional Councils and Empire State Development, visitwww.regionalcouncils.ny.gov andwww.esd.ny.gov.   Contact: Jonah Bruno (ESD) | jonah.bruno@esd.ny.gov | (212) 803-3740 ESD Press Office | pressoffice@esd.ny.gov | (800) 260-7313
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Press Release

Thursday, December 1, 2016 - 5:19pm
Photos of Licensed I LOVE NEW YORK Beer Available Here and Here Governor Andrew M. Cuomo today announced the first officially licensed I LOVE NEW YORK beer will be distributed throughout China in partnership with New York's largest farm brewery. Under Syracuse-based Empire Brewing Company’s "Two Dragons" label, the beer, branded with the iconic and globally recognized I LOVE NEW YORK tourism logo, will serve as an introduction to the growing number of craft breweries and agritourism destinations in New York State. To read the full press release, click here
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Press Release

Wednesday, November 30, 2016 - 5:19pm
Empire State Development (ESD) announced today that Pride Pak, Inc. has opened the doors on its new 68,000 square-foot facility on 13 acres in the Medina Business Park. Pride Pak, Canada’s largest fresh fruit and vegetable processor, will ultimately invest up to $30 million on the state-of-the-art complex in Orleans County in order to be closer to its U.S. customers. The company has committed to creating 200 new jobs at the site. The Governor announced Pride Pak’s plan to build in the Finger Lakes region last November. In 1984, CEO Steven Karr started Pride Pak Canada, Ltd. in an effort to service what he saw as Canada’s growing demand for high quality, easy to use fresh food. Expansion in to Newfoundland in 2006 established Pride Pak as the industry leader in the value-added produce industry. The company’s long-standing relationship with Wegmans Food Markets was the stimulus for Pride Pak’s move to the U.S. Pride Pak CEO Steven Karr said, “We are very much looking forward to this next chapter with our partners at Wegmans. The cooperation we have received from the state has been tremendous and I cannot emphasize enough the value of doing business in Orleans County and the Finger Lakes where they are very welcoming to new business.” As the industry leader in organic and conventional value-added produce processing, Pride Pak Canada currently exports 35 percent of its product to the U.S. All of Pride Pak’s produce is packed fresh, not frozen. They provide fresh-cut fruits and vegetables and specialty salad blends to food service operations and retail establishments, including Wegmans Food Markets, Inc. Wegmans Food Markets CEO Danny Wegman said, “Wegmans is completely committed to supporting agriculture and food production partnerships like this one in an effort to grow jobs. The agriculture and food production industry is a key driver of our regional economy. The new Pride Pak facility will help create opportunities for farmers, and will create food production jobs in our region, thus helping to shape the food industry here and helping to ensure its vitality for years to come.” Phase One of Pride Pak’s Medina operation will be dedicated to the production of organic baby salad green blends, expressly for Wegmans. Karr says Phases Two and Three will include the addition of conventional fruit and vegetable processing, with the company sourcing carrots and other root vegetables from local farm operations. When fully operational, Pride Pak expects about 45 truckloads of produce each month. The organic vegetable by- product, about 220 tons monthly, will be delivered to local livestock farms and used as animal feed and fertilizer. Canada’s largest fruit and vegetable processor chose to locate their U.S. headquarters in the Finger Lakes region thanks to Governor Cuomo's emphasis on Upstate revitalization through the Finger Lakes Forward strategic plan and through other local support efforts. Empire State Development, provided up to $2 million in Excelsior tax credits in return for job commitments to move the project forward. Empire State Development President, CEO & Commissioner Howard Zemsky said, "Pride Pak is a highly successful international company and their decision to grow its operations in New York State is a tribute to the concrete economic opportunities available here for companies looking to take their business to the next level. Under Governor Cuomo’s leadership, New York State has significantly improved the business climate, resulting in job creation in turn which fuels economic opportunities." The New York Power Authority also provided an allocation of low-cost hydropower to Pride Pak in return for job and capital investment commitments. The Town of Shelby also received a $750,000 award from the New York State Office of Community Renewal to assist Pride Pak. James S. Rubin, Commissioner of New York State Homes and Community Renewal said, “HCR’s award of Community Development Block Grant funds will be used for machinery and equipment, and will create 80 jobs for working families. This is another example of Governor Cuomo’s efforts to revitalize the upstate economy and encourage innovative businesses like Pride Pak to expand operations in New York.”   State Senator Rob Ortt said, “The new Pride Pak facility is an impressive addition to Orleans County and the entire region. Pride Pak has been making a positive impact on communities, employees and consumers in Canada for over 20 years and we are happy they chose to make Medina and Orleans County their home in the U.S.” Assemblyman Steve Hawley said,”I am passionate about local economic development and ushering in new businesses to our area, and it is exciting to see such a large company that directly supports Western New York’s agriculture industry begin operation here in my Assembly District. Pride Pak is an amazing company with a great reputation and its development aims to bring hundreds of jobs, fresh produce to support our local retail industry, and recycled material for our farmers. I am proud to have worked with New York State Economic Development and local leaders to see this project through, and I have faith that investments like these will attract other businesses to set up and expand in our state.” Dave Callard, Chairman of the Orleans County Legislature said, “All of us here in Orleans County are so very excited about the commitment being made by Pride Pak and their beautiful newly constructed facility.  Our team continues to work very hard to develop the kind of business friendly environment needed to attract great companies like Pride Pak to our community.  This is an excellent opportunity for a wonderful long term partnership with Mr. Karr and his team.” Mike Sidari, Mayor of the Village of Medina said, “Pride Pak has already become an extraordinary corporate citizen and valued member of our community. We take pride in the fact that the Village of Medina is always welcoming to new businesses and that Pride Pak has chosen Medina for its new corporate headquarters in the United States.” Pride Pak is currently accepting job applications and those interested can apply directly at Pride Pak Canada or through the Orleans Center for Workforce Development in Orleans County. For more about Pride Pak click here Accelerating Finger Lakes Forward  Today's announcement complements “Finger Lakes Forward,” the region’s comprehensive blueprint to generate robust economic growth and community development. The State has already invested more than $3.4 billion in the region since 2012 to lay the groundwork for the plan – investing in key industries including photonics, agriculture‎ and food production, and advanced manufacturing. Today, unemployment is down to the lowest levels since before the Great Recession; personal and corporate income taxes are down; and businesses are choosing places like Rochester, Batavia and Canandaigua as a destination to grow and invest in. Now, the region is accelerating Finger Lakes Forward with a $500 million State investment through the Upstate Revitalization Initiative, announced by Governor Cuomo in December 2015. The State’s $500 million investment will incentivize private business to invest well over $2.5 billion – and the region’s plan, as submitted, projects up to 8,200 new jobs. More information is available here.​ About Empire State Development Empire State Development is New York’s chief economic development agency. The mission of ESD is to promote a vigorous and growing economy, encourage the creation of new job and economic opportunities, increase revenues to the State and its municipalities, and achieve stable and diversified local economies. Through the use of loans, grants, tax credits, and other forms of financial assistance, ESD strives to enhance private business investment and growth to spur job creation and support prosperous communities across New York State. ESD is also the primary administrative agency overseeing Governor Cuomo’s Regional Economic Development Councils and the marketing of “I Love NY,” the State’s iconic tourism brand. For more information on Regional Councils and Empire State Development, visit http://www.regionalcouncils.ny.gov and www.esd.ny.gov.   Contact: Shari Voorhees-Vincent | Shari.Voorhees-Vincent@esd.ny.gov | (585) 399-7055  Press Office | pressoffice@esd.ny.gov | (800) 260-7313   
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Press Release

Wednesday, November 30, 2016 - 5:07pm
Governor Andrew M. Cuomo today announced the six winning companies of the 76West Clean Energy Business Competition – one of the largest competitions in the country that focuses on supporting and growing clean-energy businesses – in the Southern Tier. Micatu, an optical sensor company from Horseheads, Chemung County, was awarded the $1 million grand prize. The competition also awarded one $500,000 prize and four $250,000 prizes to companies for their use of innovative technologies that have the potential to reduce greenhouse gas emissions, and make clean energy more affordable. The competition advances the state's effort to have 50 percent of its electricity come from renewable energy sources by 2030 under the Governor's nation-leading Clean Energy Standard.   To read the full press release, click here
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Press Release

Wednesday, November 30, 2016 - 2:24pm
Project Will Produce Next Generation of High-Speed Trains For Amtrak Expansion Advances “Southern Tier Soaring” – Region’s Successful Upstate Revitalization Initiative Proposal to Grow the Economy and Create New Opportunities Governor Andrew M. Cuomo today announced $30 million in state funding to support the expansion of Alstom Transportation, Inc., which will add nearly 200 new jobs in Hornell, Steuben County. The project is motivated by Alstom's successful bid to provide Next Generation High-Speed Trains for Amtrak. The expansion will retain more than 1,000 existing positions in Hornell and at Alstom’s operations in West Henrietta. New York State’s support for the project was an important factor in Alstom’s efforts to secure the agreement with Amtrak for the $2.5 billion Next Generation High-Speed Trains program. To read the full press release, click here:
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