Empire State Development meetings

In accordance with current Legislation, this meeting will be conducted via video conference and teleconference. The public may view and listen to the meeting via webcast by clicking the link below. Members of the public may submit comments on the Agenda items in writing to [email protected] by Noon on Wednesday, May 18, 2022. All comments received by the deadline will be distributed to the Directors prior to the meeting and will be posted online.

$3 Million Food and Agriculture Global Startup Competition is Accepting Applications Through July 1st Competition is Funded Through Upstate Revitalization Initiatives - Finger Lakes Forward, CNY Rising and Southern Tier Soaring - Regional Comprehensive Strategies to Revitalize Communities and Grow the Economy Empire State Development (ESD) today announced that the application window is now open for the 2022 Grow-NY food and agriculture competition. Grow-NY, a unique initiative which connects innovators and investors in the food, beverage and agriculture sectors locally and around the globe, has already resulted in economic growth and entrepreneurial opportunity in Upstate New York.  The Grow-NY region, a 22-county area spanning Central New York, the Finger Lakes, and the Southern Tier, has already seen hundreds of new jobs and millions of dollars of follow-on investment as a result of the competition. Grow-NY attracts high-growth food and agriculture startups to compete for $3 million in total prize money each year and supports 20 finalists through a business development phase that connects them with the region’s resources. Governor Kathy Hochul included funding for three additional rounds of this impactful competition in her FY 2023 budget. Empire State Development President, CEO & Commissioner Hope Knight said, “This fourth round of Grow-NY will further build on the success of earlier competition winners, whose entrepreneurial ideas are fueling economic growth Upstate. These innovative companies have attracted significant investment and are seeding the ground for even more innovation, both throughout the Grow-NY region and around the world.”  Winners are required to commit to operating in at least one of the 22 Grow-NY counties for at least 12 months and must agree to “pay-it-forward” provision in the form of an equity agreement. One finalist will receive a top prize of $1 million; two others will be awarded $500,000 prizes, and four more will be given $250,000 prizes. Winners will also receive tax incentives and publicity support to announce their achievements across the Grow-NY region and in their home regions. Funding for the program comes through Empire State Development from the Upstate Revitalization Initiative’s three regional entities, CNY Rising, Finger Lakes Forward, and Southern Tier Soaring, and is administered by Cornell’s Center for Regional Economic Advancement. Ronald P. Lynch, Dean of the Cornell University College of Agriculture and Life Sciences Benjamin Z. Houlton, said, “Cornell is proud to support the Grow-NY competition, which plays a vital role in catalyzing food and agriculture start-ups and entrepreneurship across our region. By partnering across the public and private sectors, Grow-NY is critical to scaling new technologies and innovations needed to meet our state’s goals for more sustainable food systems that provide healthy, nutritious food to all.” The startup competition begins its fourth year with impressive momentum, having garnered applications and interest from over a thousand businesses in 32 unique states and 37 other countries over the last three years. In all, 59 finalists have been selected to date, with 21 winners sharing $9 million in startup funding as well as the invaluable mentorship and networking benefits which the program delivers to finalists. In addition to emphasizing innovation and scalability, the Grow-NY program is focused on drawing more diverse leaders to the region by reaching communities that have historically been left out of the innovation economy.  In 2021, 51% of the 330 applicants included a founder from an underrepresented minority group, and 44% included a female founder. “We are looking for food and ag innovators that operate at any point in the agrifood system that demonstrate a value to customers, an ability to grow quickly and sustainably, and diversity within their founding team,“ said Grow-NY program director Jenn Smith. Applications must be submitted by Friday, July 1. In August, up to 20 finalists will be assigned mentors and enter the business development phase. All finalists will receive bespoke entrepreneurial support and valuable regional introductions, additional training to hone their live pitches, and an expenses-paid, three-day business development trip to the region for up to two team members. The selected  finalists will present their business plans during the Grow-NY Summit, Tuesday and Wednesday November 15-16, alongside a symposium of panel conversations and keynotes, a showcase of agencies, companies, research groups, and other organizations that serve startups working in food and ag, and a student stage where middle- and high school aged New Yorkers will pitch their ag- and food tech ideas. Judges will base award decisions on the following five criteria: Viability of Commercialization and Business Model – the potential for the entrant to generate revenue and maintain a cost structure that allows for a competitive and sustainable business, demonstrate technological readiness or innovate to fulfill its value proposition; Team – Demonstration of a level of cohesion, completeness, diversity, and readiness within the team of founders, employees, and advisors; inclusion or plans for inclusion of employees and advisors from communities that have historically been excluded from the innovation economy, such as women and minorities; Customer Value – the degree to which the entrant is providing something for which customers are willing to pay, and addressing a substantial market; Food and Agriculture Innovation – the extent to which the entrant is pushing what’s considered state-of-the-art in the food and agriculture industries, and contributing to Upstate NY’s status as a global leader in innovation in these markets; Regional Job Creation – the potential for creating high-quality jobs in the Grow-NY footprint and relevance to the existing food and ag ecosystem; and The Grow-NY region, which hosts over 40 percent of New York’s 33,438 farms, includes an abundance of vibrant, fertile lands along with such major urban centers as Rochester, Syracuse, Ithaca and Binghamton. It is a 22-county region comprised of the following three areas: Finger Lakes – Genesee, Livingston, Monroe, Orleans, Ontario, Seneca, Wayne, Wyoming and Yates  Central New York – Cayuga, Cortland, Madison, Onondaga and Oswego Southern Tier – Broome, Chemung, Chenango, Delaware, Schuyler, Steuben, Tioga and Tompkins State Agriculture Commissioner Richard A. Ball said, “Through three rounds, the Grow-NY competition has highlighted New York’s agricultural and food industry partners and helped to foster tremendous innovation. I’m excited that this fourth round will continue to build on that success, further showcasing the strength and diversity of our agriculture and food businesses and attracting exciting, cutting-edge companies that are creating the ag technologies and jobs of the future while supporting our local farms.” Central New York Regional Economic Development Council Co-Chairs Randy Wolken, President & CEO of the Manufacturers Association of Central New York, and Dr. Linda LeMura, President of Le Moyne College, said, "New York State continues to experience unprecedented growth in the agriculture and food industries. The globally renowned Grow-NY competition represents yet another exciting investment in our community that will further bolster regional job growth and further support our agricultural base throughout Central New York ensuring the region continues to rise." Finger Lakes Regional Economic Development Co-Chair Bob Duffy, President and CEO, Greater Rochester Chamber of Commerce, and Denise Battles, President SUNY Geneseo, said, “The regional council is again proud to support round three of the innovative Grow-NY competition. Our agricultural and food industries are truly world- class and both their products and innovations are huge economic drivers for our state and region. Connecting the cutting-edge ideas of these entrepreneur teams with local industry partners supports the multi-pronged approach laid out in the Finger Lakes Forward Upstate Revitalization Initiative, which is working to create a thriving regional economy.” Southern Tier Regional Economic Development Council Co-Chair Judy McKinney Cherry, Executive Director, Schuyler County Partnership for Economic Development (SCOPED), and Broome Community College President Kevin Drumm, said, "New York's agriculture industry is one of the most prestigious and productive in the nation.  This initiative, with its focused investment in the region, adds great value to the Southern Tier's continued economic success in the ag sector. The Grow-NY competition enables innovative and competitive businesses to showcase their strengths and will further our efforts to bolster the regional economy ultimately helping the Southern Tier to soar." To learn more about the Grow-NY competition, visit: www.grow-ny.com. To learn more about the Cornell Center for Regional Economic Advancement, visit: http://crea.cornell.edu/ 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 the Regional Economic Development Councils and the marketing of “I LOVE NEW YORK,” the State’s iconic tourism brand. For more information on Regional Councils and Empire State Development, visit www.regionalcouncils.ny.gov and www.esd.ny.gov. 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 regionally designed plan focuses on investing in key industries including photonics, agriculture‎ and food production, and advanced manufacturing. Now, the region is accelerating Finger Lakes Forward with a $500 million State investment through the Upstate Revitalization Initiative. 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. ​ Accelerating CNY Rising  Today's announcement complements “CNY Rising,” the region’s comprehensive blueprint to generate robust economic growth and community development. The regionally designed plan focuses on capitalizing on global market opportunities, strengthening entrepreneurship and creating an inclusive economy. Now, the region is accelerating CNY Rising with a $500 million State investment through the Upstate Revitalization Initiative. 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 5,900 new jobs. More information is available here. Accelerating Southern Tier Soaring  Today's announcement complements “Southern Tier Soaring,” the region’s comprehensive blueprint to generate robust economic growth and community development. The regionally designed plan focuses on attracting a talented workforce, growing business and driving innovation. Now, the region is accelerating Southern Tier Soaring with a $500 million State investment through the Upstate Revitalization Initiative. 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 10,200 new jobs. More information is available here. Contact: Shari Voorhees-Vincent | [email protected] | (585) 399-7055 Press Office | [email protected] | (800) 260-7313 Leigh Martino | Cornell University Center for Regional Economic Advancement [email protected] | | (607) 427-0971

Solar Vehicle Cover Manufacturer Purchased a 150,000-Square-Foot Facility in the Town of West Seneca Empire State Development (ESD) today announced that Worksport Ltd. has purchased and has further plans to develop a $15.7 million state-of-the-art facility to manufacture the company’s products in the Town of West Seneca. The company is traded on the Nasdaq Stock Exchange under the symbol “WKSP”. With the purchase, Worksport plans on creating multiple jobs in the area by bringing its production back to North America. The company produces tonneau and SOLIS tonneau covers for pickup trucks. Worksport is also dedicated to pursuing clean energy solutions through the purchase of the facility. “Governor Hochul’s dedication to attracting small businesses, by supporting forward-thinking companies like Worksport Ltd., will continue to strengthen the economy and create high-quality jobs in Erie County and across the state,” said Empire State Development Commissioner and President & CEO Hope Knight. “As Worksport’s first U.S. production facility, this project will solidify the company’s investment within New York State, help foster innovation and green technology, and provide the potential for even more jobs in the future.” Mr. Steven Rossi, Chief Executive of the Company said, “We are looking forward to bringing our manufacturing back to North America, and especially in New York. We are grateful and New York has been very good to the company. We are looking forward, with this facility, to do extremely exciting things.” In order to grow its market share in the clean tech industry, the company purchased and plans to renovate a 152,847-square-foot building located at 2500 N. American Drive in West Seneca to manufacture its tonneau and SOLIS tonneau covers, as well as its Terravis system. Not only does Worksport produce the SOLIS tonneau covers but it has also been developing a hybrid energy system named Terravis. Terravis is being developed as portable solar power generation system capable of forming personal microgrids for pickup trucks. This system consists of the company’s SOLIS cover with an additional COR system (portable power station). The $15.7 million project includes building acquisition, equipment purchases and building renovation costs. It is expected to create 28 jobs over the next 5 years, with salaries ranging from $35,000 to $65,000. ESD will provide Worksport Ltd. up to $280,000 in Excelsior Jobs Program tax credits in exchange for job creation commitments. Supporting clean tech efforts like this is a priority for New York State and aligns with the Climate Leadership and Community Protection Act goal of reducing gas emissions 40% by 2030. Worksport expects to be operational in the new space by spring 2023. Additional information about Worksport Ltd. can be found here.  Tom Kucharski, President & CEO, Invest Buffalo Niagara said, “We are excited to welcome Worksport to Buffalo Niagara and enjoyed working with the company through the cross-border due diligence process in expanding to our community. Our region continues to show itself as a natural front door to the American market for Canadian companies and one prepared to capture significant job creation opportunities.”  Senator Patrick Gallivan said, “"I congratulate Worksport Ltd. on choosing West Seneca for its U.S. production facility and thank company leaders for their investment and confidence in New York State. Bringing new companies to Western New York and creating quality job opportunities for residents is critical to building the region's economy."    Assembly Member Pat Burke said, “I am thrilled to welcome Worksport to our West Seneca community, as small businesses are essential for a strong regional economy. The fact that Worksport is also working diligently in the clean tech industry makes this a win-win for West Seneca and Western New York.” County Executive Mark Poloncarz said, “Erie County is proud to partner with New York State in efforts to onshore manufacturing to New York from China, and our joint effort to bring Worksport Ltd., a Canadian based company, to West Seneca demonstrates that our efforts are paying off. Utilizing $280,000 in Excelsior Jobs Program tax credits from New York, and $103,562 in tax breaks from the Erie County Industrial Development Agency, Worksport Ltd. will invest more than $15 million in a state-of-the-art manufacturing facility, thereby creating 28 new jobs by bringing production back to the U.S. from China. This clean tech company is growing and could have gone anywhere, but thanks to Governor Hochul they have a new home in Erie County and we welcome them here.” About Empire State Development  Empire State Development (ESD) 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 the New York State 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, please visit www.regionalcouncils.ny.gov and www.esd.ny.gov. Contact: Pamm Lent | [email protected] | (716) 846-8309 Laura Magee | [email protected] | (716) 846-8239

Regional Councils will Identify Employers' Workforce Needs and Recommend Priority Projects that Drive Each Region's Economic Strategic Goals    New York State Consolidated Funding Application Now Open     Guidebook for REDC Members on This Year's Process Now Available Here Governor Kathy Hochul today announced the launch of Round XII of the Regional Economic Development Council Initiative. Round XII includes core capital grant and tax-credit funding to be combined with a wide range of programs from 10 state agencies that will provide funding for prospective projects. As with Round XI, $150 million in grant funds from Empire State Development will be available to projects on a continuous basis, in order to be responsive to the immediate needs of communities. "The Regional Economic Development Councils have been transformative for communities across the state, and we will continue supporting impactful projects that align with each region's strategic goals," Governor Hochul said. "Through Round XII, we are addressing one of the biggest challenges - and opportunities - in our state's economic development strategy by supporting New Yorkers in developing the skills they need to succeed, both today and in the future. The REDCs will identify strategies to ensure employers in growing industries have access to the skilled labor they need to be competitive, helping usher in a more prosperous New York for all." This year, the Regional Economic Development Councils will prioritize workforce development, with a specific focus on developing and funding job training and placement programs that address the current and future needs for talent of employers in the state and each region. As part of this focus on equitable growth, each Regional Council will work in concert with ESD and the new Office of Strategic Workforce Development to create a tailored regional strategy identifying the specific jobs and skills needed by employers in that area of the state. The Regional Councils and ESD will then seek to fund programs that help workers meet these specific needs. Under Governor Hochul's leadership, the State is continuously improving the Regional Council process to maximize impact in each region. This includes measures to promote transparency, streamline the work of the REDCs, and focus on talent as a pillar of equitable economic growth. Read the full press release here.