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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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Press Release

Tuesday, September 18, 2018 - 11:25am
Investment Complements “Southern Tier Soaring” - The Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy Empire State Development (ESD) today announced that Amphenol Aerospace, one of the world's largest manufacturers of interconnect products for the military, commercial aerospace, and industrial markets, will construct a 5-megawatt solar farm on its industrial campus in the Town of Sidney, Delaware County. The new solar farm, which will utilize a large land site in the Village that would otherwise be unusable because it is located in a floodplain, will provide power to the rest of Amphenol’s operations and will promote stability of the electrical supply as the power generated goes back into the grid-especially during peak usage periods in the summer. The total project cost has been placed between $14 and $15 million. “Amphenol Aerospace’s resilience and resurgence has been tremendous and we’re proud to support their continued commitment to the Southern Tier,” said Empire State Development President, CEO & Commissioner Howard Zemsky. “This is a great example of a business making a forward-thinking investment that will not only help their bottom line but benefit the local community and our environment.” In 2012, to ensure Amphenol Aerospace maintained its presence in New York State after the devastation it experienced during flooding in 2006 and 2011, Empire State Development, the New York State Energy Research and Development Authority (NYSERDA), New York State Homes & Community Renewal (HCR) and local officials offered support totaling more than $32 million to construct a new manufacturing facility. Thanks to that support, more than 1000 jobs have been retained in the region. Ryan Fisher, General Manager of Amphenol Aerospace Operations, a division of Amphenol Corporation said, “New York State and ESD have been wonderful partners in helping secure a sustainable future on the former site of our factory.  Their additional financial support provided critical monies needed to complete our investment in a project that not only puts to productive use our former site, but provides environmentally friendly, low cost electricity to our facilities.  Truly a win for our customers, employees and community.” In 2011, the flooding caused by Hurricane Irene resulted in millions of dollars in damage to Amphenol’s operations in Sidney, forcing the company to build a new plant. Since then, the site of the former plant has been deemed undevelopable. Amphenol Aerospace will now abate, demolish and construct a 5-megawatt solar farm on the site, which will provide the energy equivalent to powering 832 homes annually. To assist the company with its plan to build the solar farm, ESD has offered a performance-based grant of up to $1.25 million, as recommended by the Southern Tier Regional Economic Development Council. Increasing the use of solar supports the mandate that 50 percent of the state’s electricity come from renewable resources by 2030. Administered by NYSERDA, the $1 billion NY-Sun initiative is designed to scale-up solar and move the state closer to having a sustainable, self-sufficient solar industry. Since 2011, solar in New York State has increased more than 1,000 percent and leveraged nearly $2.8 billion in private investments. There are more than 12,000 people engaged in solar jobs across New York. Alicia Barton, President and CEO, NYSERDA said, “We commend Amphenol Aerospace for integrating solar energy into its operations portfolio as part of its rebuilding effort. In the face of climate change, Governor Cuomo’s forward-thinking clean energy initiatives are enabling companies of all sizes to realize the cost-saving benefits and environmental stewardship associated with renewable energy and NYSERDA is proud to be a partner in this effort.” This project supports the efforts of the locally-developed Southern Tier Soaring strategic plan, which includes a significant focus on forward-thinking investments in advanced manufacturing and 21st Century industries. State Senator James L. Seward said, “Amphenol’s ability to succeed and grow has a direct impact on the success of our region and the future well-being for hundreds of families.  I was pleased to lend my support to the solar farm project which will lead to clean, renewable electricity that will benefit our climate and our economy.” State Assemblyman Clifford Crouch said, “I am thrilled to see Amphenol Aerospace receive the necessary funding to build a new solar farm in Sidney. Over the last ten years, Amphenol Aerospace has shown their investment and belief in our community by sticking it out so that 1,000 jobs remained in the Southern Tier after enduring devastating flooding. Their new solar farm project again highlights their commitment to our region and the environment, helping to reduce strains put on the power grid from their facilities during their busy season, and doing so in an environmentally conscious way.” Delaware County Legislature Chairwoman Tina Mole said, “Amphenol Aerospace is the Delaware County’s largest employer, providing over 1,000 jobs in our region. They are leading the way in advance manufacturing, and through this project, taking a leading role in environmental sustainability. This project will help to reduce their high energy costs and remain competitive in the industry.” Amphenol Aerospace, a Division of Amphenol Corporation, is one of the largest manufacturers of interconnect products in the world for the Military, Commercial Aerospace and Industrial markets. Amphenol designs, manufactures and markets cylindrical and rectangular, electronic, fiber optic, EMI/EMP filter, and a variety of special applications connectors and interconnect systems. The currently has approximately 1,000 employees in Delaware County, who work to incorporate state-of-the-art manufacturing technologies including CNC machining, die-casting, molding, impact and extruding, plating, screw machining and process controls. For more information about Amphenol Aerospace, visit http://www.amphenol-aerospace.com. 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 State has already invested more than $4.6 billion in the region since 2012 to lay for groundwork for the plan – attracting a talented workforce, growing business and driving innovation. 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 Binghamton, Johnson City and Corning as a destination in which to grow and invest. Now, the region is accelerating Southern Tier Soaring 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 10,200 new jobs. More information is available here.   Contact: Shari Voorhees-Vincent | Shari.Voorhees-Vincent@esd.ny.gov | (585)399-7055 ESD Press Office | PressOffice@esd.ny.gov | (800) 260-7313
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Public Notice

Tuesday, September 18, 2018 - 10:00am
Boys and Girls Club of Schenectady Project - public notice
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Board Meeting

Monday, September 17, 2018 - 11:00am
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Board Meeting

Wednesday, September 12, 2018 - 9:30am
With videoconferencing to: ESD-Buffalo Regional Office 95 Perry Street Suite 500 Buffalo, NY 14203                          
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Public Notice

Wednesday, September 12, 2018 - 9:30am
New York State New Farmers Grant Fund - public notice
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Public Notice

Wednesday, September 12, 2018 - 9:30am
New York State Veterans Farmer Grant Fund - public notice
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Press Release

Tuesday, September 11, 2018 - 4:50pm
Governor Andrew M. Cuomo today announced that Regeneron, a leading biotechnology company that invents and manufactures life-transforming medicines for people with serious diseases, will invest approximately $800 million over seven years to expand its laboratory space, manufacturing capacity and warehouse facilities at the company's Rensselaer County campus and create 1,500 new full-time jobs in the greater Capital Region. To encourage Regeneron's expansion in New York State, Empire State Development offered the company up to $140 million in performance-based incentives, including $70 million in Excelsior Jobs Program tax credits. "New York is proud to be at the forefront of the life sciences industry and the home of global biotech leaders like Regeneron," Governor Cuomo said. "The continued growth of Regeneron here in New York is yet another indication that we are leading the way in the life sciences and attracting the jobs of tomorrow. Regeneron's expansion will further drive economic growth in the Capital Region and fuel lifesaving innovation and development that benefits the entire world." Regeneron is a science-driven biotechnology company headquartered in Tarrytown, New York that discovers and develops innovative medicines for the treatment of people with serious diseases. Regeneron was established as a biotech start-up in 1988 in New York City; the following year, under the leadership of then-Governor Mario Cuomo, Empire State Development invested $250,000 into the company. Within years, the state realized a 300-percent return on that investment. Today, Regeneron is the largest biotech company in New York State and one of the largest in the world. For the past five years, Forbes Magazine has named Regeneron one of the top ten most innovative companies across all industries.  Read the full press release here. 
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Press Release

Tuesday, September 11, 2018 - 4:11pm
The Finger Lakes Regional Economic Development Council (FLREDC) today released its draft 2018 Regional Economic Development Council (REDC) Annual Report, opening a public review period that will allow the council to consider comments and ideas that will help make this year’s competitive submission as strong as possible.  The draft FLREDC 2018 Annual Report can be viewed on the FLREDC website. Comments can be submitted on the draft via email to NYS-FingerLakes@esd.ny.gov and will be considered until Friday, September 14, 2018. “We are asking for the public’s input as we finalize our annual report to the state,” said FLREDC Co-Chairs, Monroe Community College President Anne Kress and Greater Rochester Chamber of Commerce President & CEO Bob Duffy. “Together, we are working to ensure a prosperous future for the region as we measure the performance and progress of our strategic plan and implement the strategies that will be used to achieve economic development success now and in the future as the Finger Lakes moves forward.” The FLREDC, which represents a nine-county region composed of Genesee, Livingston, Monroe, Ontario, Orleans, Seneca, Wayne, Wyoming and Yates counties, will submit its final Annual Report to New York State on October 1, 2018 to compete for a portion of the funding made available in this year’s REDC competition.  Round VIII of the REDC initiative will award more than $750 million in state funding and tax incentives, including up to $150 million in capital grants and up to $75 million in Excelsior Tax Credits for projects and activities identified by the Councils as regional priorities in their communities. Additionally, over $525 million from state agency programs will be awarded through the CFA process.  Funding awards will be announced by the end of the year. The REDC process has transformed New York State government’s approach economic development, creating a statewide framework for bottom-up, regional economic growth and streamlining the state funding application process.  Since 2011, the first year of the initiative, over $5.4 billion has been awarded to more than 6,300 projects that are projected to create and retain more than 220,000 jobs statewide. Through seven rounds of the REDC competition, Finger Lakes REDC has been awarded $570.1 million for 715 projects. 2018 REDC Competition In 2018, all 10 REDCs will be competing for a designation as a Top Performer. Five Top Performers will be selected and will receive up to $20 million in Empire State Development Capital Grant funding, with the remaining five regions receiving up to $10 million in Empire State Development Capital Grant funding.  Each region will also receive $10 million to implement projects identified through the Downtown Revitalization Initiative, and projects from all 10 regions submitted through the CFA will be eligible for over $525 million in other state agency funds. About the Consolidated Funding Application As part of Governor Cuomo’s efforts to improve the state’s economic development model, a NYS Consolidated Funding Application (CFA) was created to streamline and expedite the grant application process. The CFA process marks a fundamental shift in the way state resources are allocated, ensuring less bureaucracy and greater efficiency to fulfill local economic development needs. The CFA serves as the single entry point for access to economic development funding, ensuring applicants no longer have to slowly navigate multiple agencies and sources without any mechanism for coordination. Now, economic development projects use the CFA as a support mechanism to access multiple state funding sources through one application, making the process quicker, easier, and more productive. To access the CFA, please visit https://apps.cio.ny.gov/apps/cfa/. 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 job creation and community development projects consistent with each 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.   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

Tuesday, September 11, 2018 - 3:22pm
Empire State Development (ESD) today announced the 18 finalists of this year’s 43North competition. The $5 million startup competition, which is supported by the Governor’s Buffalo Billion initiative, is designed to encourage entrepreneurs with high growth potential to compete for enterprise funding in Western New York. The finalists, who hail from regions across North America, will participate in two rounds of live pitching at Shea’s Performing Arts Center in Buffalo on October 3 for a shot at one of 43North’s eight cash awards, which include a $1 million grand prize and seven awards of $500,000. Empire State Development President, CEO & Commissioner Howard Zemsky said, “In just five years of the 43North competition, Buffalo has become a beacon for global entrepreneurs with cutting-edge ideas and innovative businesses, bringing their talent and energy to the region and building Western New York’s reputation as an entrepreneurial hub.”   In addition to cash, 43North winners receive free incubator space in 43North’s incubator on the Buffalo Niagara Medical Campus, guidance from experienced mentors in their field, and access to other business incentive programs. 10 startups will pitch live in front of seven Finals Judges for the chance to win one of 43North’s eight cash prizes. Tickets to attend the 43North Finals are available to the public. Those interested in attending are encouraged to reserve their seats now through 43North.org, the Shea’s Performing Arts Center box office, and Ticketmaster. 43North Finals Wednesday, October 3 6:00 p.m. – 8:30 p.m. (Doors open at 5 p.m.) Shea’s Performing Arts Center646 Main Street, Buffalo, NY As of September 2018, 43North's portfolio of 37 companies has achieved a combined $108M in outside investment, and conservative estimates place the portfolio's total valuation at $332M, an increase of over $300M since 43North's inception in 2014. These start-ups are collectively responsible for over 250 full-time jobs based in Western New York, with new hires added nearly every day. 43North Board Chair Eric Reich said, “We had applications from remarkable startups with evidence of traction, strong products and excellent teams throughout the application process this year and the result of that process is reflected in an amazing pool of 43North finalists. I look forward to an exciting night for the startup community on October 3 and can’t wait to see Buffalo open their arms and welcome the next group of winners.” 43North President Alex Gress said, “43North Finals is great opportunity to get a first look at the next generation of companies that will grow in Western New York. This is a culmination of nearly a year-long process by the 43North staff and applicants. The stakes will be high as 43North’s finalists make the pitch of their lives. Save the date and reserve your seat at Shea’s because this will be an entertaining battle for a cut of $5 million in cash awards.” New York Power Authority Chairman John R. Koelmel said, “This competition has helped to reinvigorate the business community in the Buffalo-Niagara region. The innovation and creativity that is at the heart of 43North is truly inspiring.” Western New York Regional Economic Development Council Co-Chair and SolEpoxy Inc. President Jeff Belt said, “43North is more than a competition. It’s a community effort to tell startups that Western New York is a place that can support their scalability by providing mentorship, work space, an exciting peer group, and highly educated employees with a mid-western work ethic.” Western New York Regional Economic Development Council Co-Chair and President of the State University of New York at Fredonia Dr. Virginia Horvath said, “43North is making Western New York a top choice destination for up-and-coming entrepreneurs. These bright young startup creators come for the prize money and more and more are staying because they see the region as a great place to work, live, and grow their ideas into viable businesses.”  The 18 Finalists for 2019 are: AXIS Recognizing the need for a retrofit solution for motorizing window shades, they developed Gear, a smart device that motorizes and automates any existing window shade in minutes.Hometown: Toronto, Ontario Charmtech Labs is reinventing reading to enable authentically inclusive education. Their mission is to empower people to process information more effectively. Their product is Capti Voice - a reading assistant their personales learning for students of all abilities and helps students keep up with their reading.Hometown: Stony Brook, New York Dimien is a growing business dedicated to solving clear, defined market challenges in cleantech by leveraging chemical manufacturing routes to unique compounds that provide their strategic partners with a competitive advantage in the market. At their core, they are chemical manufacturers.Hometown: Amherst, New York Forsake designs all-weather boots and sneakers for travel and adventure.Hometown: Boston, Massachusetts HiOperator provides customer service-as-a-service. They help companies overcome the classic challenges of customer service through a combination of automation, technology and amazing people.Hometown: San Francisco, California Immersed Games helps teachers deliver hands-on, Next Generation Science learning — with a video game! The game, Tyto Online, builds science and engineering skills with student experiences like solving an invasive species problem, building ecosystems, and breeding dragons. Teachers assign standards-aligned content and receive student assessments based on gameplay.Hometown: Gainesville, Florida Innovative Wellness Systems is a biomechanical footwear, technology, and data analytics company. The IWS team has over 30 years of footwear, technology, and medical experience to provide smart solutions for health and wellness problems as an integral part of the mobile health ecosystem. Preventing Foot Ulcers is their Mission.Hometown: Dover, Massachusetts Kickfurther is the world's first inventory crowdfunding platform where anyone can support the growth of brands they love.Hometown: Boulder, Colorado LegWorks is a social enterprise revolutionizing access to high quality prosthetics for amputees. They believe every amputee, no matter where they live, has the right to walk with confidence. They design, manufacture and distribute innovative and patented prosthetic technologies, and use a tiered pricing model to serve diverse patients globally.Hometown: Buffalo, New York Magnusmode leverages mobile technology to help people with autism and cognitive special needs live with greater inclusion and independence. The company's flagship product, MagnusCards, helps people worldwide to learn life skills (e.g. cooking, traveling, personal care) through partnership with content producing customers including Colgate, CIBC, A&W, and Toronto Pearson Airport.Hometown: Waterloo, Ontario MF Fire is a team of fire scientists engineering the perfect wood stove. Their MIT-award winning app-driven smart wood stove is and delivered the cleanest burn ever achieved. We re-imagined wood stoves as clean energy sources and created smart technology that’s up to 60x cleaner, releases 30% less CO2 and achieves 90% real-world efficiency.Hometown: Baltimore, Maryland NaturAll Club uses food technology to offer the first hair products on the market made from fresh ingredients like avocado pulp, bananas and coconut creme. NaturAll Club connects customers with the right hair ingredients using an algorithm quiz on its eCommerce site: NaturAllClub.comHometown: Philadelphia, Pennsylvania Routeique synchronizes supply chains. They align partners, large and small, to enable data and product to flow seamlessly from partner to partner. From the largest manufacturers to their networks of distributors, to retailers large and small, Routeique ties them all together into a single, harmonious system, improving profitability along the way.Hometown: Vancouver, British Columbia Rozzy Learning Company is a subscription-based software company that sells digital education materials with a focus on STEM (science, technology, engineering, math) and careers. In 18 months, they have signed on over 400 schools, generated over $300,000 in revenue and have retained 98% of their clients.Hometown: St. Louis, Missouri Savormetrics is a technology leader in Artificial Intelligence driven portable sensing devices that provide businesses in the Food sector with meaningful food safety and quality metrics. They help food processors, grocery chains and grain elevators to reduce shrinkage costs due to spoilage, regulatory issues and out of spec recalls.Hometown: Mississauga, Ontario SparkCharge offers a portable electric vehicle charging unit that is small, ultra fast, and modular. Since the chargers are compact they can be delivered to an EV owner on demand via Uber, Lyft or AAA. This creates a mobile on-demand charging infrastructure allowing electric vehicle owners to have their cars charged ultra fast anywhere.Hometown: Syracuse, New York Touchjet is a unified collaboration platform with hardware, software and a SaaS business model transforming how people collaborate digitally in meeting rooms and classrooms. Their solution is cost effective to enable large touchscreen interactivity with mobile integration and cloud services for people to share content and collaborate.Hometown: Campbell, California Water Hero is an IoT device that allows you to control your water with your smartphone. You get real time water usage information. You can turn your water on/off remotely, and if a pipe breaks in your house, it automatically shuts your water off and sends you a text.Hometown: Beverly, Massachusetts About 43North With $5 million in prizes, 43North is a startup competition that’s in a league of its own. But for our winners, it’s more than the cash. It’s our dedicated mentors. And free incubator space. And freedom from state taxes for 10 years. And our network. Click here for all the details on our 2018 competition. Founded in 2014, 43North is made possible by Governor Andrew Cuomo’s historic Buffalo Billion initiative, with support from the New York Power Authority and corporate sponsors.   Contact: Pamm Lent (ESD) |pamm.lent@esd.ny.gov | (716) 846-8309 | (800) 260-7313 ESD Press Office | pressoffice@esd.ny.gov | (800) 260-7313
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