Empire State Development meetings

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Press Release

Tuesday, October 16, 2018 - 12:43pm
Empire State Development (ESD) today announced the release of the Long Island City Life Sciences Feasibility Study, which was conducted by the Long Island City Partnership. The study, which was funded in part by an ESD grant recommended by the New York City Regional Economic Development Council (NYCREDC), found that Long Island City is a critical part of the industry’s potential future in New York City, providing a combination of affordable space, access to transit and a lively community. ESD President, CEO and Commissioner Howard Zemsky said, “Long Island City has a critical role to play in fostering the establishment of a life sciences hub in New York City. We are proud to see the results of this state investment and look forward to building on the report’s conclusion that the neighborhood has much of what is needed for a successful hub, including affordable space, access to transit and an excellent workforce.” The report highlights the neighborhood’s ample development sites, appropriate building stock, favorable zoning for life sciences uses, relative real estate costs, proximity to both Manhattan’s East Side medical research corridor and the Cornell Tech innovation campus on Roosevelt Island, convenient access to two major airports and high quality live-work character. Long Island City has 8 million square feet of office and industrial space, making it one of New York City’s largest central business districts. In Round VII of the Regional Economic Development Council initiative, New York State awarded $100,000 to fund the report, which is the result of an extensive series of interviews with 50 key stakeholders in academic, medical and research institutions; government; the real estate industry; life sciences companies at all stages of the business life cycle; and venture capital. The study analyzes three other U.S. life sciences hubs and conducts an economic impact analysis to identify jobs and spending that could be generated by a cluster’s construction and operation. Finally, it gives specific recommendations to further advance a life sciences sector in Long Island City and ensure it grows. The Long Island City Life Sciences Feasibility Study is available here. New York City Regional Economic Development Council Co-Chairs Partner of Fisher Brothers Winston Fisher and President & COO, New York Genome Center Cheryl A. Moore said, “We are proud to see that the Long Island City Life Sciences Feasibility Study concludes that the neighborhood has ample resources to become the city’s next life sciences industry hub.  We look forward to seeing the city and state build on Long Island City’s potential as a well-located area with the right mix of transit, real estate and the arts to foster a thriving life sciences community.” “New York City is home to some of the finest life sciences research institutions in the world,” said NYCEDC President and CEO James Patchett. “ESD and the Long Island City Partnership’s work affirms that the commercial life sciences sector is poised for growth, and that Long Island City is a great home for it. Through our LifeSciNYC intiative, NYCEDC looks forward to supporting this growth, and further solidifying New York City as a global leader in life sciences.” “Long Island City's potential is limitless. It is well on its way to becoming the city's next great neighborhood when it comes to innovation and economic growth,” Queens Borough President Melinda Katz said. “And the Long Island City Life Sciences Feasibility Study shows, all the ingredients are there for LIC to become the heartbeat of the city's growing research and development sector. In terms of economic development and scientific advancement, this is the kind of investment that will help LIC realize its unlimited potential.” "This study, funded in part by Empire State Development through the NYC Regional Economic Development Council, uncovered a specific and essential role for LIC in the development of a self-sustaining Life Sciences Cluster in the New York Region.  Simply put — LIC’s strengths as a community and opportunities for space align with life sciences company needs and the NYC markets specific demands,” said Elizabeth Lusskin, President of the Long Island City Partnership. “Having been part of the growth of the city's commercial life sciences sector from its seminal stages, I am thrilled to see the activity and enthusiasm happening right now.  New York's density and transportation system makes it possible for a cluster to develop away from the traditional East Side medical corridor, and current national trends support the development of larger subclusters outside of expensive city centers. LIC has so many of the right characteristics and assets for the life sciences cluster of today and, importantly, of tomorrow. Now is exactly when we should be ‘all systems go’ in Long Island City,” said Yasmeen Ahmed Pattie, Principal, East Egg Project Management. "Crosswalk Ventures believes that Long Island City offers the critical elements of physical space, proximity to major academic medical centers, and work/life community that are essential to recruiting experienced management teams, and building successful life science companies,” said Tom Cirrito, PhD, Chief Investment Officer, Crosswalk Ventures. “We recognize the level of enthusiasm that has been growing around the opportunity to catalyze a life science ecosystem in Long Island City, and it is apparent that the efforts of major stakeholders are converging to make this life science cluster a reality. We are excited to be an integral component of this new chapter in the New York life science industry.” “Long Island City has a key set of ingredients that we look for in a biotech hub: good building stock and zoning, replicability potential, multiple great transportation lines and easy connections to New York’s world-class research institutions,” said Nicole McKnight, PhD, Managing Director, BioLabs New York/BioLabs@NYULangone. “But there are some unique features that make LIC so desirable including an unrivalled live-work community, an artistic vibe, wonderful city and river views, and even brewery crawls. In a way it reminds us of Kendall Square in the 90s, but with a New York flavor that will be loved by our life science entrepreneurs.” “In the 21st Century, the life sciences field will play multiple roles in society, from helping to expand our understanding of nature, to improving life expectancies, to serving as a major engine of economic growth. Up until a few years ago, New York City was one of the leading hubs of life science research, but lagged in the retention of commercial life sciences businesses.  This is now changing rapidly.  With that change, it is critical that the City identify neighborhoods in which this industry can reach critical mass.  With its mixed-use character, excellent transit connectivity, growing, high-skilled workforce and access to Manhattan’s world-class academic medical facilities, Long Island City is ideally-positioned to fill this role,” said Seth Pinsky, Executive Vice President, Fund Manager Metro Emerging Markets & Public Affairs Director, RXR Chair, LICP Life Sciences Committee. “The LIC Life Science Feasibility Study is a comprehensive review highlighting the critical role that LIC will play in the growth of the life science in NYC. The study reveals many of the attributes that brought us to conclude that an important life science node will soon form in LIC.  With the continued support of the State and City, the life science industry is poised for growth and future success in LIC,” said Rob Albro, Managing Director, King Street Properties. 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 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.     Contact: Adam Kilduff | adam.kilduff@esd.ny.gov | (212) 803-3744 ESD Press Office | pressoffice@esd.ny.gov | (800) 260-7313
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Public Notice

Monday, October 15, 2018 - 1:00pm
Main Street Theater Partners Capital Project
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Public Notice

Monday, October 15, 2018 - 10:00am
Albany Distilling Capital Project
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Public Notice

Monday, October 15, 2018 - 6:40am
Nathan Littauer Hospital & Nursing Home Capital Project
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Press Release

Friday, October 12, 2018 - 12:54pm
Governor Andrew M. Cuomo today announced four Western New York communities have been selected to receive Smart Growth Community Funds. The Village of Alfred, Village of Fredonia, Village of Lancaster and City of Tonawanda will each be awarded a portion of $10 million in funding from the Buffalo Billion II initiative to support projects that utilize existing infrastructure to support placemaking, walkable communities and sustainable development. “Western New York is thriving as it continues to embrace downtown redevelopment that drives local economies across the region,” Governor Cuomo said. “Through the Smart Growth Community Fund, we are encouraging the growth of new businesses, housing, and greenspace that will help attract young workers and further fuel the area’s transformation.” “We’re transforming upstate New York with a record amount of funding and creating new jobs and opportunities for residents,” said Lieutenant Governor Kathy Hochul, who delivered today’s announcement. “As a native Western New Yorker, I know what it was like to see factories close and jobs disappear, but that is now a reality of the past. As part of the Smart Growth Community Fund, we’re investing in local projects in communities across the region to revitalize downtowns and pursue smart growth. The progress and commitment in Western New York is evident, and the transformation is only beginning.” Read the full press release here. 
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Public Notice

Friday, October 12, 2018 - 11:00am
Slic Network Solutions, Inc. Capital District Broadband
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Public Notice

Friday, October 12, 2018 - 9:00am
Slic Network Solutions Inc. Clinton County Broadband
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Public Notice

Thursday, October 11, 2018 - 2:00pm
Midwestern Pet Food Capital Project
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Press Release

Thursday, October 11, 2018 - 11:18am
Finger Lakes Forward Investment Advances the Region's Successful Strategic Plan to Grow the Economy and Create New Opportunities Empire State Development (ESD) today announced that Luminate NY—the world's largest business accelerator for startups that have optics, photonics and imaging (OPI) enabled applications—received 70 applications to compete for a spot in cohort II of the innovative program. With 30 percent of the applicants residing in countries outside of the United States, it’s clear that Luminate NY and the region is attracting global attention and building on its OPI heritage and reputation. Empire State Development President, CEO & Commissioner Howard Zemsky said, “Luminate NY’s second round reaffirms Rochester as the global leader in the photonics industry, supporting promising next-gen OPI companies that will help to drive innovation and regional economic growth.” Companies submitting applications come from Sweden, India, Canada, Australia, Russia, Israel, Portugal, China, Netherlands and New Zealand. Sixteen companies from New York State applied, with the remaining coming from U.S. cities including, Boston, San Francisco, Orlando, San Jose, Indianapolis, New Orleans, Fort Collins, Santa Clara, St. Louis, Durham, Columbus, Chicago, Providence, and Philadelphia. Funding for the $10 million accelerator is being provided through the Finger Lakes Forward Upstate Revitalization Initiative and is being administered by NextCorps. “The quality of the applicants for cohort II is very impressive and will surely result in a highly competitive Lightning Award event,” said Dr. Sujatha Ramanujan, Managing Director of Luminate NY. “We encourage people interested in what the program will bring to our region to attend this event.” In October, the program's management team and global advisory board will select 20 semi-finalists from the pool of applicants. Semi-finalists will then travel to Rochester to pitch their startups during Luminate NY’s Lightning Rounds, held on November 13th and 14th. Ten startups will then receive Lightning Awards during a ceremony at the Dryden Theatre at the George Eastman Museum. The winning startups will become a participant in cohort II of Luminate NY, and will receive an initial investment of $100,000. Luminate NY’s cohort II will begin January 2019 at the newly renovated Sibley Building in Downtown Rochester.  The six-month program will help accelerate the commercialization of the most promising optics, photonics and imaging applications, using a rich ecosystem which includes the University of Rochester's Institute of Optics, the Rochester Institute of Technology, AIM Photonics, and more than 100 area OPI companies. In June, the teams will compete for $2 million in follow-on funding. Finger Lakes Regional Economic Development Council Co-Chairs Monroe Community College President Anne Kress and Greater Rochester Chamber of Commerce President Bob Duffy said, "The council remains laser focused on supporting the growth of optics, photonics and imaging industries in the region. Cohort two of the innovative Luminate NY accelerator program will continue to support the high-growth potential of OPI start-ups and continue to move Finger Lakes Forward." In addition to funding and support, startups participating in Luminate NY receive industry attention.  In September, two companies from Luminate NY’s first cohort won GREAT Awards (Greater Rochester Excellence and Achievements in Technology). Intelon Optics won this year’s Emerging Tech Company, while Positive Science won in the “Tech for Good” category. Luminate NY builds on the federal Department of Defense led American Institute for Manufacturing Integrated Photonics, which is supported by a $250 million commitment from New York State. The state-of-the-art manufacturing facility is located in Rochester at the Eastman Business Park, and will be used to test, assemble and package chips that use photons in place of electrons for increased performance of semiconductor circuits. First announced by Governor Cuomo and Vice President Joe Biden in July 2015, AIM Photonics will help secure the Finger Lakes region and the nation's leadership in emerging technology research, development, and manufacturing.  Assembly Majority Leader Joseph D. Morelle said, “Luminate New York continues to invest in the limitless potential and promise of OPI entrepreneurs who will further strengthen and propel our region’s growing economy.  These investments will yield the continued creation of secure, good paying jobs in every corner of our region, will further strengthen families, and place our community on more stable economic footing.” Senator Joe Robach said, "Luminate NY is an exciting opportunity and with 70 applicants from across the world for Round Two, companies continue to understand that Rochester is on the forefront of the development of innovative technology in the fields of optics, photonics and imaging, with the potential to revolutionize how we live our lives. The results of this program will create opportunities and grow jobs right here in our community while developing the next generation of innovation." Mayor Lovely Warren said, “Luminate NY’s ability to attract 70 high-quality applications from around the world for its second round of competition demonstrates the wisdom of Governor Cuomo's decision to locate this high-tech business incubator in Rochester and help position our region as the photonics and optics capital of the world. Luminate NY gives business leaders a platform to bring their innovative ideas to the marketplace, which accelerates the growth of Rochester's knowledge economy. I remain grateful to Governor Cuomo and Empire State Development for bringing these 21st century job creators to Rochester through Finger Lakes Forward and helping us achieve our goals of creating more jobs, safer, more vibrant neighborhoods and better educational opportunities for our citizens.” For more information about Luminate NY, 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 $6.1 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. ​     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, October 10, 2018 - 12:25pm
 Governor Andrew M. Cuomo today announced a $3 million award to the Boys & Girls Clubs of Schenectady, Inc. that will allow the organization to construct a new $13 million, state-of the-art community facility serving children, teens, and families in Schenectady's Hamilton Hill and Mont Pleasant neighborhoods. Today's announcement supports Schenectady County's leading youth organization, which reaches more than 12,000 young people annually and will allow the Boys and Girls Clubs to substantially expand its services. "This well-deserved award for a new home for the Boys & Girls Clubs of Schenectady is an investment in the community and an investment in the next generation," Governor Cuomo said. "New York will continue to take critical steps toward creating an environment where children and teens will receive the guidance and opportunities they deserve to build a brighter future and a stronger community." The new 39,000 square-foot building in Quakenbush Park will include a 4,000 square-foot teen center, a commercial kitchen for providing meals and teaching young people how to cook, a technology center, a gymnasium, a game room, a theater for performing arts designed in partnership with Proctors Theater, and more. Read the full press release here.
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