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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

Tuesday, January 7, 2020 - 10:00am
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Press Release

Monday, January 6, 2020 - 3:57pm
"Transportation drives economic development, and continuously modernizing our transit system is critical for New York to maintain its competitive edge. Nowhere is this more clear than at Penn Station, which is the Western Hemisphere's busiest -- yet arguably most outdated -- transportation hub.  “It is no secret that New York outgrew Penn Station long ago, and Governor Cuomo has already advanced visionary projects to improve Penn Station that other leaders only talked about — like Moynihan Train Hall. Today, the Governor took those efforts a step further. This bold plan will expand the number of train tracks available at Penn Station for the first time ever, while further improving the passenger experience, enhancing commuter safety, and transforming the underutilized area around Penn Station into a 21st century business-transit district. "When combined with the soon-to-be-complete Moynihan Train Hall, the rehabilitated and expanded Penn Station will create the interconnected, modern station complex that New Yorkers deserve. Without a doubt, this project will create jobs, boost our economy, and improve our transit system -- and it will soon join the new Kosciuszko Bridge, the re-imagined JFK and LaGuardia Airports, and the Second Avenue Subway as another example of Governor Cuomo’s success in building the new New York of the 21st century." Contact: Jack Sterne | [email protected] | (212) 803-3764 ESD Press Office | [email protected] | (800) 260-7313
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Public Notice

Monday, January 6, 2020 - 3:30pm
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Press Release

Monday, January 6, 2020 - 10:00am
Canalside Project Will Include Residences, Restaurants, Shops, Parking and Public Piazza  Meeting To Hear Final Comment On The Governor's Announced Development Plans Will Be Held On January 22  See Proposed Renderings Here Governor Andrew M. Cuomo today announced the 28th proposal of his 2020 State of the State agenda - transforming Buffalo's North Aud Block at Canalside based on community and stakeholder input. The concept would incorporate elements of the district's historic character, while creating a vibrant mix of residences, restaurants and shops, as well as added parking. The plan is based on an interpretation of the historic street pattern that once extended through the block from the Erie Canal.  The "streets" will be pedestrian paths and include an open piazza. In August 2018, Governor Cuomo announced $10 million in funding to transform the North Aud Block, the State's final remaining parcel to be developed at Canalside. See concept renderings and a map of property here.  "With the State's investment and community support, Canalside has quickly become a top destination, with demand for private investment on the rise and young people coming back," Governor Cuomo said. "The Buffalo success story enters the next chapter with the transformation of the North Aud Block, and this design concept fuses the site's historic past with a design for the 21st century. Combined with our other strategic investments in the region, this project will help ensure all the arrows continue pointing in the right direction in Buffalo and beyond." Read the full press release here.
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Press Release

Monday, January 6, 2020 - 12:04am
Seven New York State-based Productions Win Nine Awards Productions Generated an Estimated $285 Million in New York Spending and More Than 13,300 New Hires in the State  Empire State Development (ESD) tonight congratulated seven New York-based productions that won nine awards during the 2020 77th Annual Golden Globe Awards. The productions generated an estimated $285 million in New York spending and created over 13,300 hires across the state. The winning productions participated in the New York State Film Tax Credit Program. Launched in 2004, the program has incentivized more than $35 billion in economic investment across the state and continues to be the principal factor cited by productions when deciding to film and produce in New York. “Congratulations to the 2020 New York-based Golden Globe winners on their achievements and creative contributions to the industry this year,” said Empire State Development Acting Commissioner and President & CEO-designate Eric Gertler. “Their work reflects the Empire State’s thriving entertainment industry that is generating billions in spending, hundreds of thousands of new hires and creating opportunity not just for film and television productions but for all New Yorkers.” In 2019, 201 film and television projects applied for the New York State Film Tax Credit Program, generating an estimated 254,400 new hires and $4.8 billion in new spending for New York. The budget allocation, $420 million per year through 2024, has led to significant growth, fostered multi-year productions, and seen investments in production infrastructure. New York's film incentive program offers the nation’s most stable and successful production and post-production tax credits. The New York State Governor's Office of Motion Picture & Television Development (MPTV) promotes film, television and commercial production and post-production tax credits for qualified expenditures in New York State. MPTV helps productions navigate the industry landscape, serving as a liaison between production companies and city and local governments, state agencies, a network of statewide contacts, local film offices and professional location scouts and managers. The state also offers unparalleled locations, talent and world-class production and post-production facilities. More than 300 soundstages in over 117 Qualified Production Facilities (QPFs) are located throughout the state and can be used in conjunction New York is home to one of the largest and most experienced pools of talent and crew anywhere in the country. A complete list of the 2020 Golden Globe Award Winners who participated in the New York Film Tax Credit Program is available below. Best Performance by an Actor in a Limited Series or Motion Picture Made for Television Russell Crowe (“The Loudest Voice”) Best Performance by an Actress in a Limited Series or Motion Picture Made for Television Michelle Williams (“Fosse/Verdon”) Best Original Score – Motion Picture Hildur Guðnadóttir (“Joker”) Best Performance by an Actor in a Television Series – Musical or Comedy Ramy Youssef (“Ramy”) Best Performance by an Actor in a Television Series – Drama Brian Cox (“Succession”) Best Actress in a Supporting Role in Any Motion Picture Laura Dern (“Marriage Story”) * Best Actor in a Motion Picture – Drama Joaquin Phoenix (“Joker”) Best Actress in a Motion Picture – Musical or Comedy Awkwafina (“The Farewell”) * Best Television Series – Drama “Succession” (HBO) * Participated in the New York State Post-Production Credit program.  Contact: Adam Kilduff | [email protected] | (212) 803-3744 ESD Press Office | [email protected] | (800) 260-7313
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Report

Friday, January 3, 2020 - 4:14pm
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Report

Friday, January 3, 2020 - 4:13pm
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Report

Friday, December 27, 2019 - 2:18pm
Empire State Development oversees administration of the film production and post-production tax credits. These reports reflect program activity during the first and second quarters of 2019. The information presented includes projected spending, hires, and estimated credits for film and post-production projects deemed eligible to participate in the program, and, pursuant to new reporting requirements, actual spending, hires and credits issued to projects that have been completed and audited. 1. 03/31/2019: Film Tax Credit - Quarterly Report, Calendar Year 2019: 1st Quarter  2. 06/30/2019: Film Tax Credit - Quarterly Report, Calendar Year 2019: 2nd Quarter
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Report

Thursday, December 26, 2019 - 4:33pm
This report details the performance of ESD' s economic development activities related to job growth and retention on an annual basis. The report shows the amount of financial assistance, the level of job commitment and whether each company met those goals. It also offers a window into how different regions and industries are faring each year. ESD 2018 Annual Jobs Report
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Press Release

Friday, December 20, 2019 - 12:48pm
Projects that will move forward as a result of Round IX of the Regional Council initiative include Centennial Park green infrastructure in Buffalo, Olean Community Theatre development project, a bike path extension in the City of North Tonawanda, National Comedy Center marketing campaign in Jamestown and Greenpac Mills capital projects in Niagara County A full list of the 2019 REDC awards is available at www.regionalcouncils.ny.gov As part of Round IX of Governor Andrew M. Cuomo’s Regional Council initiative, the Western New York Regional Economic Development Council (WNYREDC) was awarded $67.3 million for 109 projects that build on the region’s assets and invest in the future. The announcement, which supports projects in Allegany, Cattaraugus, Chautauqua, Erie and Niagara counties, was made Thursday in Albany.  The Western New York region has now been awarded $620.5 million cumulatively through nine rounds of the Regional Council initiative, in state support for 890 projects across the region. Established in 2011 as a centerpiece of the Governor’s strategy to jumpstart the economy and create jobs, the Regional Councils replaced the state’s old top-down approach to economic development with one that is community-based and performance-driven. The initiative empowers communities, business and academic leaders, as well as members of the public in each region of the state, to develop strategic plans specifically tailored to their region’s unique strengths and resources to create jobs, improve quality of life and grow the economy. “On behalf of the WNYREDC, I am proud to be taking home $67.3 million for Western New York to advance our locally-developed economic development strategies,” said WNYREDC Co-Chair and Buffalo State College President Katherine Conway-Turner.  “Governor Cuomo’s bottom-up approach to investing state resources is working – you can see and feel it across our communities.  I continue to be amazed by the dedication of our WNYREDC members, community leaders and project partners as we work together to build our region’s economic momentum.” The Western New York region’s 2011 strategic plan, “A Strategy for Prosperity,” leverages the region’s strategic advantages in key industry sectors including advanced manufacturing, agriculture, bi-national logistics, energy, health & life sciences, higher education, professional services and tourism. The plan focuses on economic enablers that promote smart growth, prepare the workforce and foster a culture of entrepreneurship.  The following Western New York projects are highlights of projects awarded funding in Round IX: Allegany County $1,000,000 to the Town of Caneadea to install effluent disinfection at the town’s wastewater treatment plant to improve water quality. $1,000,000 to the Village of Wellsville to make needed improvements to its wastewater treatment plant. $200,000 to Allegany County to establish the Allegany County Microenterprise Program. Cattaraugus County $287,000 to the Town of Allegany to make upgrades to Town Hall to improve accessibility for handicapped persons. $200,000 to the Olean Community Theatre to acquire and develop the Temple B’nai Israel building into a state-of-the-art theatre. $191,830 to the Town of Carrollton to install an ultraviolet disinfection system at the Limestone Wastewater Treatment Plant to improve the quality of effluent entering the Tunungwant Creek. Chautauqua County $2,940,000 to Empire State Brands to renovate a vacant food processing facility in Dunkirk to be used as a new a vertically-integrated growing, processing and packaging facility for the production of hops, malted barley, what, rye and other grain products. $1,346,000 to the Gebbie Foundation to acquire and redevelop the historic 9-story Jamestown Furniture Exposition Building in downtown Jamestown. The project will include retail, office and residential space. $240,000 to the National Comedy Center to launch a nationwide marketing campaign to broadcast its offering of unique and memorable entertainment experiences. Erie County $5,000,000 to the Town of Cheektowaga to reduce sanitary sewer overflows by slip lining sewers and reducing inflow and infiltration. The project will help improve water quality in the Buffalo River. $2,500,000 to Buffalo Niagara Waterkeeper to aid in the transformation of the Ralph C. Wilson, Jr. Centennial Park, an aging park on the shore of Lake Erie in the City of Buffalo, through natural shoreline restoration, wetlands and bioretention areas. $1,000,000 to Kleinhans Music Hall Management to embark on necessary repairs and upgrades to the building mechanicals and structure in order to ensure its ability to operate as a world class venue for the foreseeable future. $714,000 to Steuben Foods in Elma to expand its advanced food and beverage manufacturing facility by acquiring additional equipment to keep up with growing demand from its customers. Niagara County $2,650,000 to Cascades Greenpac Mill to complete a series of capital projects and operations and maintenance adjustments to save energy and reduce their carbon emissions. $1,500,000 to the City of Lockport to install green infrastructure improvements on multiple streets in their downtown, complementing the Downtown Revitalization Initiative projects and further aiding in the revitalization of the area. $372,125 to the City of North Tonawanda to design and construct a two-mile extension to the Erie Canal bike path connecting Mayor’s Park to the Botanical Garden’s Park. The project will improve public access to waterfront parklands and the Erie Canal. A full list of the 2019 REDC awards is available at www.regionalcouncils.ny.gov. This spring, Governor Cuomo launched Round IX of the REDC.  During Round IX, the Strategic Implementation Assessment Team (SIAT), which is composed of state agency commissioners and members of the New York State Legislature, heard proposals from each of the ten Regional Councils directly and assessed the implementation of the regions’ strategic plans. In 2019, up to $150 million in capital funds and $75 million in Excelsior Tax Credits was available for projects identified by the Regional Councils as priorities in their regions. All ten regions competed this year for designation as a Top Performer. Five top performing regions were awarded a share of $100 million in ESD Capital grants. The remaining five regions were awarded a share of $50 million in ESD Capital grants. Each region was also awarded a share of $75 million in Excelsior Tax Credits to help attract and grow business in the region. In addition, each region once again received $10 million to implement projects identified through the Downtown Revitalization Initiative, and projects from all 10 regions submitted through the CFA were eligible for over $525 million in other state agency funds. Since its inception in 2011, over $6.9 billion has been awarded to more than 8,300 projects that are projected to create and retain more than 240,000 jobs statewide through the REDC process. To learn more about the WNYREDC, visit https://regionalcouncils.ny.gov/western-new-york. 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. For more information on the Regional Councils, visit http://www.regionalcouncils.ny.gov/. Contact: Pamm Lent | [email protected] | (800) 260-7313 Laura Magee | [email protected] | (800) 260-7313
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