History plays a unique role in Canon's latest innovations

“Environmental sustainability is part of our DNA,” Canon U.S.A. Senior Director Amy Newman says of her company’s longstanding commitment to considered design for everything...

History plays a unique role in Canon's latest innovations

“Environmental sustainability is part of our DNA,” Canon U.S.A. Senior Director Amy Newman says of her company’s longstanding commitment to considered design for everything...

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

Monday, January 23, 2017 - 2:30pm
 Meeting of the New York State Tourism Advisory Council.
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Board Meeting

Monday, January 23, 2017 - 9:00am
Meeting of the Directors of the New York State Urban Development Corporation d/b/a Empire State Development.  
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Board Meeting

Friday, January 20, 2017 - 3:00pm
Meeting of the Directors of the USA Niagara Development Corporation, an ESD subsidiary. With videoconferencing to: Empire State Development 633 Third Avenue – 37th floor Conference Room New York, NY 10017
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Blog Post

Wednesday, January 18, 2017 - 5:28pm
Establishing even the most basic foundation for a new company or startup is a challenge that many businesses encounter early in their development. New York State’s certified business incubators offer a range of support — from locating workspaces to identifying sources of capital — to help get new and emerging businesses off the ground and put them on the path to success. Here’s a quick guide to New York State’s business incubators — what they are, where to find them, and how they help to establish startups and fledgling businesses. What is an Incubator? In the broadest of definitions, a business incubator (or “accelerator” as they’re also commonly known) is an organization — often sponsored by private companies or institutions like colleges and universities — whose primary purpose is driving and directing growth of early-stage companies. Incubators offer an array of business support services and resources, from finding physical workspaces and helping build capital to initializing strategy and planning and introductions to local businesses and networks. “An incubator should be low-cost space where startups can take the next steps from ideation and proof of concept, to eventually building something customers will pay for,” explains Matt Draper, Executive Director of the Shipley Center for Innovation at Clarkson University in Potsdam in the North Country Region. “It should be a place where they can learn how to build and manage a business to scale after they have proven that they have something of value for the market.” On average, companies can spend up to two years working alongside a business incubator, taking advantage of low-cost office space while gaining invaluable advice and expertise on best practices. In fact, many are now offering hyper-specialized services to assist emerging industries and next-gen business sectors. One example of that specialization is the Center for Agricultural Development and Entrepreneurship (CADE) in Oneonta in the Mohawk Valley, which specializes in agricultural technical assistance, business planning and other relevant issues for regional farmers, including planning for wholesale distribution, equipment sharing and brand identity and advertising — services that helped build upstart brands like Lucky Dog Organic and other food and agri-businesses. In the Mid-Hudson Region, The Accelerator, located in New Windsor, has provided Unshattered — an organization that manufactures handbags out of used clothing to support economic independence for women fighting against addiction — with access to workspace, manufacturing equipment and traditional facility resources. Business leaders like Chuck Green, CEO of Rome-based  Assured Information Security Inc. (AIS), who praises the early support provided by Utica’s thINCubator to his company, recommends connecting with a local incubator as a foundational first step when establishing a new business in the state. “In recent years, the Mohawk Valley region has put a lot of emphasis on supporting start-ups and relocated businesses, and the work that thINCubator provided, and continues to provide, has been crucial with infrastructure and networking support,” Green explains. How to find the right Incubator for your business. A good place to start the search for the right incubator is this list of Division of Science, Technology and Innovation (NYSTAR) New York State Certified Business Incubators and Innovation Hot Spots, which includes links to incubators covering a range of industries and services throughout the state. Local economic development agencies can also provide answers for businesses looking for the right incubator. Incubators often require that business plans be submitted for their careful review and screening — prerequisites necessary to ensure the right fit, both from a success metrics and an ethical standpoint.. “We live in the 21st century where we can build almost anything, so the question isn't ‘could we’ but rather ‘should we,” explains Draper. “We use this pillow test on all projects during initial review to make sure the technology is a fit for our center, the university and the population we serve.” If a project is turned down, “it's not a judgment, just not a fit for our model.” What’s next for Incubators and Innovation Hot Spots? Given the ever-changing landscape of business and evolving industries, incubators have had to adapt quickly in order to continue offering services that are geared toward new technologies and services. “Our vision for the Shipley Center is to never become complacent, and heed our own words: to constantly iterate and learn to better serve our clients,” says Draper. “We see our model expanding to include additional locations in the region and are developing a focus on high-school aged students to better leverage the human capital in our region.” One way in which incubators are keeping up with client demand is building networks — or “hub-and-spoke” models — that address a variety of industries as well as providing services for entrepreneurs who may want to set up shop in a more rural locale. By establishing these broad networks — both in terms of locale and offerings — incubators hope to build a backbone of innovation statewide, while continuing to expand upon the foundational partnerships year over year. To find out if an incubator is right for you or to get the process started, contact NYSTAR for more information at NYSTARSupport@esd.ny.gov or (518) 292-5700.
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Press Release

Wednesday, January 18, 2017 - 2:53pm
Recognizing the tremendous impact of the New York State Film Tax Credit Program, leaders of the film and television production industry in New York today applauded Governor Andrew Cuomo’s 2017-18 Executive Budget proposal, which includes a full extension of the program, at $420 million per year, through 2022. The film tax credit program is responsible for a significant economic impact in the Empire State, leading to record job growth and more infrastructure, soundstages and post-production facilities statewide. From 2011, when Governor Cuomo took office, through Dec. 31, 2016, more than 1,000 projects (film and television combined) submitted applications to the New York State Film Tax Credit Program, generating an estimated $15 billion in spending and approximately 934,000 new hires in New York State. Additionally, the number of Qualified Production Facilities across the state has increased to 77, containing more than 270 soundstages. “By securing a funding commitment through 2022, Governor Cuomo has proven that he is a champion for the film and television industry, which benefits small businesses and local economies throughout the state,” said ESD President, CEO & Commissioner Howard Zemsky. “It is clear that New York State understands the needs of producers and will ensure the long-term stability of the incentive, so that TV series and feature productions can continue to utilize the diverse locations and benefit from the talented workforce found in the Empire State.” Senator Chris Dodd, Chairman and CEO of the Motion Picture Association of America said, “Because of Governor Cuomo’s vision and leadership, there are now 130,000 New Yorkers employed in the television and motion picture industry. The entertainment industry has invested over $15 billion producing our television series and motion pictures in New York since 2011 money that is reinvested in New York’s communities and small businesses. The proposed extension of the production incentive program will ensure our member companies continue to grow their investment in New York, which is now one of the greatest locations in the world to do business.” Neil Dudich, Eastern Executive Director, Directors Guild of America said, "The Directors Guild of America applauds Governor Cuomo for his continued leadership, and thanks him for including a three-year extension of the NY film production incentive in his budget today. The positive impact of the incentive on the economy, jobs and local business is enormous. Between 2005 and 2015, as production increased by more than 300 percent, the earnings of our members who live and work in New York's communities grew 350 percent. This simply would not have happened without the incentive." Kimberley Harris, EVP and General Counsel of NBCUniversal said, "We are pleased to see the three year extension of the NYS film and television production tax credit included in the Governor’s executive budget proposal. This important program has contributed to extensive job growth, increased opportunities for the small and medium businesses that are the heart of the film industry’s supply chain, and added billions of dollars of direct investment into New York State. We thank Governor Cuomo for his strong leadership and unwavering commitment to this program that will allow NBCUniversal to continue production in New York for years to come.” Lowell Peterson, Executive Director, Writers Guild of America East said, “The Writers Guild of America East thanks the Governor for his continued leadership in bringing tens of thousands of good TV and film jobs to New York, and we look forward to working with him to enhance the diversity of storytelling in this vital industry.” Thomas J. O’Donnell, President of Theatrical Teamsters, Local 817 said, “Theatrical Teamsters Local 817 applauds Governor Cuomo’s budget extending the New York State Film Tax Credit Program. We have witnessed during the stewardship of the Governor an explosion of solid, middle-class jobs in the television industry and with the extension in place, fully expect to see continued growth.” Yana Collins Lehman, Chair of the Post New York Alliance and President  & COO of Trevanna Post, Inc. said, “The Post New York Alliance is grateful to Governor Cuomo for taking forceful action to ensure that thousands of post-production jobs continue to be created and supported all over the State.  Thanks to Governor Cuomo’s leadership, New York has surpassed Hollywood and Canada and has become the premier destination for post-production. The Film Tax Credit Program extension will ensure that thousands of jobs that stimulate the entire economy of New York State will stay here, continuing to grow the post ecosystem." Mike Jackman, Co-Chairman of the New York Production Alliance, said, “I applaud Governor Cuomo for standing up for New York small businesses and families by including a key extension of the Film Production Tax Credit Program in his new state budget. Because of his leadership, the film industry has continued to invest in New York, generating over 89,000 high paying jobs and $10.4 billion dollars in economic activity in the state. Governor Cuomo’s proposed extension of the incentive program guarantees the film industry will continue to invest in New York and provide meaningful economic benefits to our communities.” John Ford, I.A.T.S.E. Local 52 President said, “On behalf of the working men and women in the motion picture industry I thank Governor Cuomo and the Legislature for having the foresight to extend the film and television tax credit through 2022.  The extension will allow employers to continue to hire well-paid working class New Yorkers with full medical and retirement benefits. Since the tax credit’s inception we have seen an 89 percent increase in hours worked by IATSE-represented crew, and a 45 percent increase in Local 52 membership, with hundreds of prospective applicants attending training classes adding to the workforce pipeline. The proposed tax credit extension will further expand employment opportunities for motion picture workers throughout the state as studios seek new diverse locations in what is truly the Empire State.” Paul Moore, Eastern Executive Director of the Motion Picture Editor's Guild, I.A.T.S.E. Local 700 said, "The New York State Film Tax Credit Program is a major job creator. The Governor's robust post-production tax credit has resulted in an exponential increase in work, with projects coming to New York that previously would have gone elsewhere. By extending the film credit another three years, film and television producers will be confident that New York continues to be the right place to edit film and television projects. Thank you, Governor Cuomo.” Doug Steiner, Chairman of Steiner Studios said, “This tax credit is about jobs and return on investment. This three-year extension means the television industry can continue to decamp from Los Angeles to New York, and represents tens of thousands of high-paying jobs fueling the explosive, critically important growth of media and technology in New York State. Whether it’s from the public sector or private industry, you have to invest money to make money. Governor Cuomo understands this. And that’s why we’re investing another $100 million in our current expansion, which includes over $12 million for Upstate manufacturers.” Stuart Suna, President of Silvercup Studios said, “Silvercup Studios enthusiastically supports Governor Cuomo’s vision and proposed three-year extension of the New York State Film Tax Credit Program. This tax credit has brought billions of dollars of taxable business that did not exist before. The New York State Film Tax Credit Program is directly responsible for creating close to 100,000 new high-paying jobs. Silvercup Studios invested over $40 million building Silvercup North in the Bronx because we believed in Governor Cuomo and the legislature’s vision and commitment to the most successful tax credit in New York State’s history.” Hal G. Rosenbluth, President and CEO of Kaufman Astoria Studios said, “The Governor’s support of the New York State Film Tax Credit Program is great economic policy.  The tax credit program combined with New York’s great talent drives the $9 billion production industry in New York.  The industry creates in excess of 100,000 high-paying jobs and spends billions of dollars in the local community for goods and services.  Having the tax credit in place encourages Kaufman Astoria Studios and its counterparts to invest in building new infrastructure to service and grow the industry.  With this extension of the tax credit program the Governor has established ‘a win-win’ for the economy.” About the New York State Film Tax Credit Program The New York State Film Tax Credit Program, launched in 2004, has contributed billions of dollars to the Empire State and continues to be the principle factor cited by productions when deciding to film and produce in New York. As of Dec. 31, 2016, 185 film and television projects have applied for the New York State Film Tax Credit Program, estimated to generate a record-breaking 200,501 new hires and $3.3 billion in new spending for New York State. About the Governor's Office of Motion Picture & Television Development The New York State Governor's Office of Motion Picture & Television Development, a division of Empire State Development, offers film, television and commercial productions and post- production tax credits for qualified expenditures in New York State. The office also serves as a liaison between production companies and city and local governments, state agencies, a network of statewide contacts, local film offices and professional location scouts and managers. For more information on filming in New York State or the Film Production and Post Production Tax Credit Programs, please visit www.nylovesfilm.com.  Contact: Madeline Belloff | Madeline.Belloff@esd.ny.gov | (212) 803-3744 Press Office | pressoffice@esd.ny.gov | (800) 260-7313
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Press Release

Wednesday, January 18, 2017 - 11:20am
Investment Complements “Finger Lakes Forward” – Region’s Successful Upstate Revitalization Initiative Blueprint to Grow the Economy and Create New Opportunities Empire State Development (ESD) today announced that Eastman Kodak Company, in partnership with New York Battery and Energy Storage Technology Consortium, Inc. (NY-BEST) will install two multi-user battery cell assembly lines at their Eastman Business Park (EBP) site in Rochester. The site will serve battery and capacitor development and production companies.  The new lines will complement existing roll-to-roll (R2R) coating capability and expertise at Kodak; a battery assembly prototype lab at Rochester Institute of Technology (RIT); and the BEST Test and Commercialization Center, a battery cell commercialization and testing center in the same building at EBP. This combination of capabilities expands the energy ecosystem and creates a world-class tool-set for the development and production of new battery and capacitor technologies. The battery cell assembly facility, which will be operated by Kodak in partnership with NY-BEST, will utilize equipment supplied by Kodak. This includes a dry room and specialized manufacturing equipment, such as cutting, winding, stacking, welding, filling, formation and packaging machines to make batteries, ultra-capacitors and other energy storage devices. Empire State Development President, CEO & Commissioner Howard Zemsky said, “We are proud to reinforce our commitment to NY-BEST and the energy storage innovation hub it is creating with Kodak at Eastman Business Park. These facilities provide needed resources to companies, researchers, and entrepreneurs who are working to advance the battery industry. Under Governor Cuomo’s leadership, New York State is establishing itself as a world leader when it comes to this burgeoning industry.” ESD has offered incentives for the project through an Upstate Revitalization Initiative capital grant valued at $1.2 million. The project will create nine direct jobs by 2019 while expanding pilot manufacturing capabilities at EBP, which will enable commercial market entry for new products, helping to attract more new business to the 1,200-acre campus in Rochester. Eastman Business Park President Dolores Kruchten said, “With this new cell assembly center, Rochester becomes a national hub for battery innovation and production.  At the same time, it expands the applications for Kodak coated films – we are pleased that our expertise and equipment in roll to roll manufacturing is now being leveraged to support new energy storage technologies that are changing the world.  Making battery electrodes is just one application.  Others include security films, electronic films, medical films and optical films.  Kodak’s capabilities, in conjunction with those of others, built in Eastman Business Park, have allowed the creation of energy storage ecosystem to facilitate research, development and production all in one location.” NY-BEST Executive Director William Acker said, “NY-BEST is grateful to Governor Cuomo, Empire State Development and the Finger Lakes Regional Economic Development Council for their support of the energy storage industry and our efforts to establish a world-class energy storage product development and manufacturing hub here in New York State. Together with our partners at Kodak, RIT and DNV GL, the facilities we have created here in Rochester, along with the State’s rich network of research, manufacturing and intellectual assets, have combined to put New York State on the global map as a great place for energy storage companies to locate and grow their businesses.” Growing a comprehensive battery and energy storage hub in the region remains a top priority of the Finger Lakes Regional Economic Development Council and the Finger Lakes Forward strategic economic plan. Finger Lakes Regional Economic Development Council Co-Chairs Wegmans Food Markets CEO Danny Wegman and Monroe Community College President Anne Kress said, “The Finger Lakes Regional Economic Development Council is pleased to continue our support for these specialized efforts which are translating into next generation scientific discoveries. By supporting this project, we harness the expertise of both private and research companies as well as universities who are busy working to create the next generation of innovative products, which in turn drives economic activity and creates jobs in the Greater Rochester area.” Assembly Majority Leader Joseph D. Morelle said, “This new manufacturing facility is yet another example of how Eastman Business Park is leading the charge in economic development and innovative technologies that will help Rochester thrive now and in future generations. I am grateful for the dedication of my colleagues on the Regional Economic Development Council and our government partners whose support and investment has made this project a reality. State Senator Joe Robach said, “The addition of two multi-user battery cell assembly lines for Eastman Kodak and NY-BEST is great news for Eastman Business Park, the Rochester region and the continued improvement of our local economy. Eastman Business Park continues to re-invent itself in to a national research and innovation hub, attracting new businesses and creating new jobs for our workforce. This investment by NY-BEST will help fortify Eastman Business Park’s future in our economy.” Rochester Mayor Lovely Warren said, “Kodak and Eastman Business Park are once again becoming drivers of jobs, technology and innovation in Rochester. Today’s announcement of the new battery pilot manufacturing facility is further proof that Rochester’s future is as bright as it’s past. I would like to thank our partners in state government for their commitment to our region and for their belief that we can create more jobs, safer and more vibrant neighborhoods and better educational opportunities in all corners of Rochester.” Monroe County Executive Cheryl Dinolfo said, "Eastman Business Park continues to attract new opportunities which benefit our community's workforce and reputation as a hub for innovation. I look forward to the success of this industry right here in Monroe County." The new battery pilot manufacturing facility is expected to be open by July 2017.   This latest project builds on the success story that is the rebirth of Eastman Business Park.  EBP, the site where Kodak began manufacturing photographic film and paper more than a century ago, has been repurposed to aid with reinvigorating the region.  Today, the campus supports over 95 companies, employing over 6,000 people. Besides Kodak and NY-BEST, businesses such as ON Semiconductor, SiGNa Chemistry, Harris, Carestream and LiDestri Food and Drink call EBP home. NY-BEST is a rapidly growing, industry-led, private-public coalition of corporate, entrepreneurial, academic, and government partners building a vibrant, world-class advanced battery and energy storage sector, from R&D to commercialization, in New York State. Members include Fortune 500 companies, start-ups, universities, national research centers and laboratories spanning all facets of the energy sector. For more information about Kodak click here: For more information about New York Battery and Energy Storage Technology Consortium, Inc. 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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Board Meeting

Wednesday, January 18, 2017 - 9:00am
Meeting of the Directors of the Lower Manhattan Development Corporation, an ESD subsidiary. This meeting is open to the public. The agenda and meeting materials will be posted the day before the meeting on LMDC’s website: www.renewnyc.com
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Public Notice

Friday, January 13, 2017 - 1:00pm
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Board Meeting

Friday, January 13, 2017 - 10:00am
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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