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Empire State Development Blog

Find the latest news on economic development in New York State

We feature stories of innovative businesses that are making New York their home, plus offer updates on economic activity and development from around the state.

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Public Notice

Monday, September 16, 2019 - 6:30pm
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Public Notice

Thursday, September 5, 2019 - 3:00pm
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Public Notice

Wednesday, September 4, 2019 - 6:30pm
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Public Notice

Wednesday, September 4, 2019 - 3:00pm
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Public Notice

Wednesday, September 4, 2019 - 2:00pm
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Public Notice

Wednesday, September 4, 2019 - 1:30pm
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Public Notice

Wednesday, September 4, 2019 - 10:30am
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Press Release

Saturday, August 24, 2019 - 11:23am
WNY Regional Economic Development Council Project Provides Permanent Location for Olean’s Farmers Market See photo of Lincoln Square here Empire State Development today announced the completion of Lincoln Square, a $1.25 million project providing permanent buildings to house the Olean Farmers Market and other events. The project, located at 100 East State Street includes an open-air pavilion structure for vendors, restrooms, park furniture,landscaping, an outdoor bistro facility, and lighting. Located in the center of Olean’s North Union business district, the market is a destination that will draw visitors from outside areas, contribute to the vibrancy and walkability of the neighborhood, and increase sales for area businesses. Empire State Development President, CEO & Commissioner Howard Zemsky said, “The new Lincoln Square is the latest piece of the puzzle in the ‘Walkable Olean’ plan and continues this downtown’s revitalization. The permanent event space will draw more people to the area to shop at the farmers market, attend community events and boost local businesses.” "Our transformational investments through the Regional Economic Development Council are delivering real progress for Olean,” said Lieutenant Governor Kathy Hochul. “Lincoln Square provides a new home for the Olean farmers market alongside event space and other amenities. This new space will make the city more walkable and welcoming for both residents and visitors. The Lincoln Square project builds on our investment in the area as part of the Downtown Revitalization Initiative, advancing progress and strengthening Olean’s role as an economic, educational, and recreational hub in Western New York.” ​ The Rural Enterprise Association of Proprietors (REAP) has held farmers markets in various locations in Olean since 1988. The new Lincoln Square facility, which is an extension of the City’s “Walkable Olean” project, provides the market with its first permanent year-round site, offering shoppers a variety of locally grown, produced, crafted and raised items. From soaps to vegetables, blueberries to ice cream, prime rib to apple pies, the market has more than a dozen vendors with literally hundreds of choices and options. Part of the mission of the Market is to only offer items produced or grown locally, by locals. Each vendor at the Saturday Farmers Market is a REAP member who is happy to discuss their products and wares with the public. New York State Agriculture Commissioner Richard A. Ball said, “We thank the ESD for supporting construction of these new buildings to house the Olean’s Farmers Market. Our farmers markets are a win-win, helping our agricultural partners expand their consumer base, while also providing more New Yorkers with access to fresh, delicious, local food and beverages. To help with the market construction, Empire State Development, through the 2016 Regional Council Capital Fund (Round 6), awarded capital grant funding totaling $220,000. The New York State Senate provided an additional $600,000 legislative grant. WNYREDC Chair and SolEpoxy CEO Jeff Belt said, “I am grateful to Governor Cuomo as well as my colleagues on the Regional Economic Development Council and our many community partners for their support and dedication to making the Lincoln Square project a reality. The investment in this new destination supports local businesses, creates jobs and attracts new visitors to enjoy Olean’s walkable downtown.” Olean Mayor William Aiello said, “We are very pleased to have the construction of our new Walkable Olean attraction completed and ready for business. Lincoln Square is another attraction in our walkable community that will be used for the farmers market and a variety of community and private events.” Stephanie Beneng, Olean Farmers Market manager said, “Local vendors at the farmers market will benefit greatly from having a new permanent location to sell their goods. Lincoln Square will allow us to hold the market even when the weather is less than ideal. We have already experienced an increase in people interested in setting up shop at the new location. We look forward to welcoming additional local farmers, craft makers, and new customers to the vibrant downtown district.” For more information about the Olean Farmers Market click here. About the Regional Economic Development Councils The Regional Economic Development Council (REDC) initiative is a key component of Governor Cuomo's approach to State investment and economic development. In 2011, Governor Cuomo established 10 Regional Councils to develop long-term strategic plans for economic growth for their regions. The Councils are public-private partnerships made up of local experts and stakeholders from business, academia, local government, and non-governmental organizations. The Regional Councils have redefined the way New York invests in jobs and economic growth by putting in place a community-based, bottom up approach and establishing a competitive process for State resources. After seven rounds of the REDC process, over $5.4 billion has been awarded to support job creation and community development projects consistent with the 10 regions' strategic plans, projecting to create and retain more than 220,000 jobs. For more information on the Regional Councils, visit www.regionalcouncils.ny.gov. Contacts: Pamm Lent (Governor’s office) | [email protected] | 716-846-8309 Laura Magee (ESD) | [email protected] | 716-846-8239
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Press Release

Friday, August 23, 2019 - 12:30pm
Erie Canal Harbor Development Corporation (ECHDC) today announced it will hold a public open house on Wednesday, August 28 to discuss the conceptual design for development parcels, street and parking facilities on the northern part of the former Memorial Auditorium Block, more commonly known as the North Aud Block, at Canalside. In August 2018, Governor Andrew M. Cuomo announced $10 million in funding to transform the North Aud Block. This project aims to reintroduce portions of the block’s historic street grid, including walkable areas. It will also create parking and other underground infrastructure. These publicly-funded improvements will ultimately support future private development. “We are looking to reintroduce elements of the historic street pattern that once traversed the Erie Canal at what we now call the North Aud Block,” said Erie Canal Harbor Development Corporation Chairman Robert Gioia.  “With our consultants and based on stakeholder and community input, we continue to refine our design ideas for the site.  We welcome your feedback as we move forward in planning for this important site.” The North Aud Block is bounded by Lower Terrace to the north, Main Street to the east, the canals to the south, and Commercial and Pearl streets to the west. See a map of property here. The public open house and input session will be held at the Honda VIP Pavilion at Canalside (entrance off Perry Street near Main Street in Buffalo) on Wednesday, August 28, from 5 to 7 p.m.  There will be a presentation at 5:30 p.m.  followed by an opportunity to provide feedback and speak with the design consultants.  The purpose of the meeting is to share preliminary design concepts and seek feedback from members of the public. Throughout the project, the ECHDC has sought feedback from stakeholders and members of the public through interviews, small group meetings, a design workshop, an online survey and public open houses. TY Lin International, a multi-discipline engineering firm with more than 60 years of experience in successful infrastructure development—including the design of multi-functional public landscapes and urban buildings—was selected by ECHDC to design, bid and provide construction management services for the development of infrastructure on the North Aud Block.   ECHDC previously completed construction in 2014 of a series of “canals” on the South Aud Block based on the historical Erie and Hamburg canals. These canals are shallow, and support ice skating in the winter and other activities including paddle and pedal boats in the summer. Construction also included the creation of public spaces and bridges. These added canal features have grown in popularity and attendance each year and are attracting private investment, such as the newly opened Explore & More Children’s Museum and Heritage Point, which will break ground soon. About Erie Canal Harbor Development Corporation The Erie Canal Harbor Development Corporation (ECHDC) is governed by a nine-member board consisting of seven voting directors and two non-voting, ex-officio directors. The seven voting directors are recommended by the New York State Governor and are appointed by the New York State Urban Development Corporation d/b/a Empire State Development as sole shareholder of ECHDC. The two non-voting, ex-officio director positions are held by the Erie County Executive and the City of Buffalo Mayor. As a subsidiary of Empire State Development, the state’s chief economic development agency, the Erie Canal Harbor Development Corporation supports and promotes the creation of infrastructure and public activities at Canalside, the Ohio Street corridor and the Outer Harbor that is attracting critical mass, private investment and enhance the enjoyment of the waterfront for residents and tourists in Western New York. Its vision is to revitalize Western New York’s waterfront and restore economic growth to Buffalo based on the region’s legacy of pride, urban significance and natural beauty. Contact: Pamm Lent | [email protected] | 716-846-8309 | (800) 260-7313 Laura Magee | [email protected] | 716-846-8239 | (800) 260-7313
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Press Release

Thursday, August 22, 2019 - 2:39pm
 Grant Program to Build Life Science Business Leadership in New York State  Part of New York State's $620 Million Life Science Initiative Governor Andrew M. Cuomo today announced a new grant program to develop life science entrepreneurial talent in New York State. This competitive grant will award up to $550,000 to qualified New York graduate schools of business, working in collaboration with medical schools or graduate programs in the life sciences, biomedical engineering or bioinformatics, to plan, develop and implement a new MBA concentration or certificate in life science entrepreneurship. This program is part of Governor Cuomo's $620 million New York State Life Science Initiative, which is designed to spur the growth of a world-class commercial life science sector in New York State. "New York's rich research pipeline and life science industry offer enormous potential to expand our state's economy," Governor Cuomo said. "By collaborating to create an entrepreneurial management training program, we are preparing life science leaders in our state for tomorrow while developing and retaining talent in this burgeoning industry." "We are committed to investing in programs to grow talent and provide opportunities for entrepreneurs," said Lieutenant Governor Kathy Hochul. "This grant program will provide graduate schools with funding to develop concentrations and pathways in the life sciences for individuals to gain the skills they need to advance in the industry. The effort is part of our overall investment in life sciences to expand businesses, support research, and strengthen the industry to create good jobs and grow the economy." Read the full press release here. 
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