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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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Board Meeting

Monday, May 13, 2019 - 10:30am
With videoconferencing to:   Empire State Development 633 Third Avenue – 36th Floor Conference Room New York, NY 10017  
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Public Notice

Monday, May 13, 2019 - 10:00am
Public Notice: Village of Endicott – Main Street Corridor Rehab RESTORE V Capital Project
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Report

Friday, May 10, 2019 - 5:09pm
Empire State Development oversees administration of the Empire State Musical and Theatrical Tax Credit Program, which is designed to encourage music and theatrical production companies to conduct pre-tour activities, technical rehearsals and to perform shows at locations in Upstate New York, home to some of the premier regional venues for musical and theatrical production. This report reflects activity during calendar years 2015 and 2016. The information presented includes the number of productions that applied and projected spending and estimated credits for qualified production projects deemed eligible to participate in the Program. Musical and Theatrical Tax Credit Program: 2018
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Report

Friday, May 10, 2019 - 5:05pm
Read Camoin Associates' report on the economic impact of the film industry in New York State for years 2017 & 2018:  Economic Impact of the Film Industry in New York State - 2017 & 2018
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Report

Friday, May 10, 2019 - 5:00pm
EFPR Group was commissioned to conduct an independent review of ESD's Film Production and Post Production Tax Credit Programs, pursuant to Section 6 of Part B of Chapter 59 of the Laws of 2013. Read the 2017 & 2018 report here: Independent Review of the Empire State Film Production and Post-Production Credit Programs – 2017 & 2018
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Public Notice

Friday, May 10, 2019 - 2:00pm
Public Notice: Broadridge Financial Solution Capital Project
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Public Notice

Friday, May 10, 2019 - 2:00pm
Public Notice: Feinstein Institute of Medical Research: Center for Bioelectric Medicine Capital Project
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Public Notice

Friday, May 10, 2019 - 1:00pm
Public Notice: Tough Mudder Long Island Capital Project
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Public Notice

Friday, May 10, 2019 - 12:00pm
Public Notice: Century Linen & Uniform Capital Project
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Press Release

Friday, May 10, 2019 - 11:00am
See photos of the Holiday Inn Express Hotel here Empire State Development (ESD) today announced $1 million in Restore NY funding has been provided to Grand Island Hotel, LLC upon the completion of the $8 million Holiday Inn Express Hotel, located in the formerly vacant and blighted Dunlop building on Grand Island.  Redeveloping the former Dunlop building was the highest economic priority for the town when it requested funding to make improvements to the abandoned and heavily vandalized eyesore in an effort to transform the prominent property and encourage economic development at the highly visible location.  Restore NY supports municipal revitalization efforts by awarding funding for projects that will reinvigorate downtowns and generate new economic opportunity in communities from Western New York to Long Island. “The Holiday Inn Express on Grand Island is a boost for tourism in Western New York, and New York State is proud to award funding to make this transformation a reality,” said Lieutenant Governor Kathy Hochul, who made today’s announcement. “Removing asbestos from an old structure is an expensive undertaking. The Restore NY program exists to allow our state government to partner with private industry to benefit communities across New York. This building that has sat vacant for decades as a blight on the community has now been repurposed for the future, creating jobs and economic investment.” ​ “It has taken us a long time to complete this project, but we were driven to transform this well-known building into a point of pride for area residents and a beacon for drawing visitors to the region,” said Jayesh Patel, CEO of Rudra Management and Rosewood Hotels.  “We look forward to serving tourists visiting Niagara Falls, business travelers and families looking to enjoy the region.” ESD implements the Restore NY program. The initiative requires the new owner of the hotel to spend at least $2 million on remediation in order to receive a $1 million dollar Restore NY grant, which in this case was used for asbestos abatement. Cities, towns and villages are all eligible to apply for support for projects that include demolition, deconstruction, rehabilitation or reconstruction of vacant, abandoned, condemned and surplus properties. Projects located in economically distressed communities are emphasized and encouraged. “The old Dunlop building has gone from an abandoned eyesore to a new hotel, a transformative symbol of how Restore NY funding can help to create economic assets from once-blighted properties,” said Empire State Development President, CEO & Commissioner Howard Zemsky. Highly visible from the I-190 between Buffalo and Niagara Falls, the recently opened Holiday Inn Express at 2761 Long Road sits on 27 acres south of the northern set of Grand Island Bridges, just six miles from Niagara Falls State Park and down the road from New York State’s new Welcome Center. Five years of challenging demolition, renovation and design work converted the vacant 73,000-square-foot former Dunlop Building into a unique hotel that includes a breakfast bar, two meeting rooms, a business center, an indoor pool and a fitness room and a rooftop lounge for guests. The hotel is creating approximately 32 jobs. The three-story white building was originally built in the 1960s for Hooker Chemical & Plastics Corp., but Dunlop took it over in the 1970s. It has been vacant since 1993. Rudra Management and Rosewood Hotels purchased the former Dunlop Building in 2014 for $850,000.  The company currently has more than 52 hotels in its portfolio, with most of them located in New York State. Assemblyman Angelo J. Morinello said, “It is a pleasure to participate in the dedication of the Holiday Inn of Grand Island. This building sat here as a mystery for many years without any foreseeable future, however, now it not only has a future, but it also is an asset to the region. This shows what a public and private partnership can accomplish. Thank you to all who made a dream become a reality.” Town of Grand Island Supervisor Nate McMurray said, “This is an amazing change. For decades and decades that location sat as an eye sore, a wreck, a haunted house. Now it’s a beautiful hotel. And the area around it, thanks to a creative public private partnership, has also changed. It was zoned for generations as prime commercial real estate but sat empty. Now, it’s ready for more!” Learn more about Restore NY here.   Contacts: Pamm Lent (Governor’s office) | [email protected] | 716-846-8309 Laura Magee (ESD) | [email protected] | (716) 846-8239 | (800) 260-7313
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