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

Tuesday, March 22, 2022 - 11:00am
In accordance with current Legislation, this meeting will be conducted via teleconference. The public may listen to the meeting via webcast by clicking the link below. Members of the public may submit comments on the Agenda items in writing to [email protected] by 4:30 pm on Friday, March 18, 2022. All comments received by the deadline will be distributed to the Directors prior to the meeting and posted online.
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Public Notice

Monday, March 21, 2022 - 6:00pm
Public Notice
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Board Meeting

Monday, March 21, 2022 - 2:00pm
In accordance with current Legislation, this meeting will be conducted via teleconference. The public may listen to the meeting via webcast by clicking the link below. Members of the public may submit comments on the Agenda items in writing to [email protected] by 4:30 pm on Friday, March 18, 2022. All comments received by the deadline will be provided to the Directors and posted online.
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Press Release

Monday, March 21, 2022 - 10:49am
Erie Canal Harbor Development Corporation (ECHDC) today met and authorized an amendment to a contract that will allow for the continuation of the Queen City Bike Ferry, a popular summertime amenity that links Canalside and the Outer Harbor via the Buffalo River. The Hilliman family-operated ferry service, operated for bicyclists and pedestrians, runs daily from Memorial Day through Labor Day.  One-way fares, including bicycles, are $1 per person. “The Queen City Bike Ferry not only connects the inner and outer harbors, but also provides a low-cost, efficient, scenic excursion on the water,” said ECHDC Chairman Robert Gioia. “Continuing this service allows easy access for bicyclists and pedestrians to the many attractions of our city’s greatest asset – the waterfront.” The approved contract extension provides a final, three-year operations/maintenance service contract not to exceed $530,440, with a total contract amount that is capped at $1,652,190.  Funding is from the New York Power Authority, through relicensing agreements tied to the operation of the Niagara Power Project.  Revenue from the sale of roundtrip tickets, sponsorships, and/or other income associated with the operations will be deposited into ECHDC’s account.  The Hilliman family, contracted since 2015 to operate the Queen City Bike Ferry along the Buffalo River, will continue to provide operations and maintenance  for the seasonal public ferry service. As contractors, they  are wholly responsible for staffing associated with operating the vessel in a safe and secure manner, maintaining rider logs, monitoring vessel maintenance, proposing capital improvements and ensuring a satisfactory customer experience. Operational duties include, but are not be limited to, cleanliness, fueling, repairs, inspection and compliance with insurance and all applicable local, state and federal laws.  Since 2014, the Queen City Bike Ferry contract has included added responsibilities, including  landscape maintenance at the Bike Ferry Landing site, operations and maintenance of the ticket kiosks and provision of a second ferry during selected peak days based on the past year’s attendance records.  The contractor is also responsible for off-season storage of the vessel and docks associated with the ferry service.  The Queen City Bike Ferry can hold up to 49 passengers and 25 bikes at a time. One-way trips take five to 10 minutes to complete between the Commercial Slip at Canalside and the Bike Ferry Landing on the Outer Harbor. From Bike Ferry Landing, passengers have walking access to Wilkeson Pointe, the Times Beach Nature Preserve and the Buffalo Main Lighthouse.  For bikers, destinations include Buffalo Harbor State Park, Charlie’s Boat Yard restaurant, Tifft Nature Preserve, and Lakeside Bike Park and trails. The ECHDC Board also approved the corporation’s $1,322,633 operating and $51,479,364 capital budgets for Fiscal Year 2022-2023.  The capital budget includes, but is not limited to: acquisition costs; design costs of several Canalside and Outer Harbor capital projects; legal costs; property management and maintenance costs; the construction of Canalside parking improvements and the Outer Harbor Phase 1 projects; and ECHDC’s contribution to Heritage Point and the North Aud Block. 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 (Governor’s Office) │ [email protected] │(716) 560-8815 Laura Magee (ECHDC) │ [email protected] │ (716) 846-8239  
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Board Meeting

Monday, March 21, 2022 - 10:30am
In accordance with current Legislation, this meeting will be conducted via teleconference. The public may listen to the meeting via webcast by clicking the link below.  Members of the public may submit comments on the Agenda items in writing to [email protected] by 4:30 pm on Friday, March 18, 2022. All comments received by the deadline will be provided to the Directors and posted online.
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Press Release

Friday, March 18, 2022 - 5:29pm
$4.3 Million Project will Expand AMLRS Office Space in the Seneca One Tower Governor Kathy Hochul announced that AML RightSource, the world's largest technology-enabled financial crime fighting firm, is expanding in Buffalo and will add an additional 363 employees to support the addition of new services and clients, resulting in a total Buffalo workforce of approximately 540 employees. The company helps domestic and international financial institutions, FinTechs, and other businesses comply with anti-money laundering regulations and to deter incidents of crime. The $4.3 million project will add an expansion of office space to AMLRS's 20,000-square-foot office on the 27th floor of Buffalo's tallest building, the Seneca One Tower. "AML RightSource is another success story for Western New York as it grows and provides hundreds of well-paying new jobs in the iconic Seneca One Tower - a building that was empty just a few years ago," Governor Hochul said. "These are the types of professional and high-tech jobs that will keep our new college graduates in the area, while also attracting other high-quality talent to the region. Through strategic partnerships with companies like AMLRS, New York is continuing to accelerate our post-pandemic economic recovery by attracting businesses from near and far to develop and expand across the state." New York State, through Empire State Development, will provide up to $7.4 million in Excelsior Job Program tax credits in return for AMLRS achieving its job creation commitments. These performance-based incentives will allow the company to expand operations and create 363 new jobs over the course of five years, which is in addition to the 175 jobs already created by the company in Buffalo through their previous Excelsior Job Program. In late February, Governor Hochul announced the creation of a Joint Security Operations Center (JSOC) to serve as the nerve center for joint local, state and federal cyber efforts, including data collection, response efforts and information sharing. JSOC is the nation's first-of-its-kind cyber command center that will provide a statewide view of the cyber-threat landscape and improve coordination on threat intelligence and incident response. Since 2004, AMLRS has been helping financial institutions and FinTechs meet the federal government's required compliance with regulations related to the identification and reporting of suspicious financial activity. The company uses proprietary technology and a global team of highly-trained analysts to track illicit financial activity, which can uncover potential human trafficking, terrorist financing, illegal drug shipments, and other nefarious financial schemes. Read the full press release here
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Press Release

Friday, March 18, 2022 - 5:02pm
Boosts New York State's Aerospace Industries with the Addition of High-Tech Machinery and Extensive Facility Updates Furthers Regional Economic Development Strategy that Prioritizes Modern Manufacturing Governor Kathy Hochul today announced the significant expansion of Moog Inc. in Western New York, creating up to 500 new jobs in the local aerospace industry with the addition of new high-tech manufacturing equipment. Moog, headquartered in East Aurora, is one of the region's largest employers with more than 3,500 employees in Western New York. The $25 million investment by one of the world's leading manufacturers of precision control components and systems further fuels Moog's continued success in New York State. Programs that will be supported by the project include the F-35 Joint Strike Fighter, V-22 Osprey tiltrotor, full flight training simulators, and hardware for satellites and NASA programs. "New York is committed to helping companies like Moog invest in Western New York and expand their state-of-the-art facilities to generate new high-paying jobs in the region," Governor Hochul said. "When it comes to economic development we have one goal: to be the most business- and worker-friendly state in the nation. This latest expansion by Moog creating up to 500 new jobs is evidence of New York's thriving manufacturing sector and is a testament to our successful efforts to rebuild and revitalize our state's economy." Even with the challenges presented by the pandemic, the aerospace systems and components manufacturer continues to grow and invest in facility expansion, renovations, and capital equipment. The $25 million project will include building renovations and the purchase and installation of high-tech machinery, equipment, furniture and fixtures. The project will provide additional manufacturing space with some mixed-use areas for research, development and support staff on its East Aurora campus. Chairman and CEO of Moog Inc. John Scannell said, "With the generous support of New York State, we have been able to accelerate our investments in our major facilities just outside Buffalo, NY. Our investments in buildings and advanced manufacturing equipment are helping to create new jobs in the highly skilled manufacturing sector. These jobs are across multiple end markets including defense, space and the electrification of construction equipment. We are very excited about the long-term opportunities these markets present for our base in East Aurora. Investment in organic growth, with the support of the State of New York, will ensure the continued success of Moog into the decades to come." The 500 new jobs at Moog will include engineering, production line workers, assembly and test, machinists and technicians, manufacturing and support, as well as administration. For job opportunities, visit http://www.moog.com/careers. New York State, through Empire State Development, will provide up to $15 million in Excelsior Jobs Program tax credits in return for Moog achieving its job creation commitments. These performance-based incentives will allow the company, which is projecting approximately $3 billion in sales for 2022, to expand operations and create 500 new jobs over the course of five years. Read the full press release here
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Board Meeting

Friday, March 18, 2022 - 12:00pm
In accordance with current Legislation, this meeting will be conducted by teleconference. The public may listen to the meeting via webcast by clicking the link below. Members of the public may submit comments on the Agenda items in writing to [email protected] by 4:30 pm on Thursday, March 17, 2022. All comments received by the deadline will be distributed to the Directors prior to the meeting and posted online.
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Press Release

Thursday, March 17, 2022 - 1:13pm
Empire State Development's COVID-19 Pandemic Small Business Recovery Grant Program Provides a Lifeline to Small Businesses Experiencing Economic Hardship Due to the COVID-19 Pandemic  98% of Awards Have Gone to Businesses with Fewer than 10 Employees and 90% to Have Gone to Minority and Women-Owned Businesses Governor Kathy Hochul today announced that nearly 29,000 small and micro businesses throughout New York State have been awarded over $500 million in grant funds through the COVID-19 Pandemic Small Business Recovery Grant Program. The program was created to provide flexible grant assistance to small businesses, micro-businesses and for-profit independent arts and cultural organizations in the State of New York who have experienced economic hardship due to the COVID-19 pandemic.  "Small Businesses are the backbone of our state's economy, and in order to truly recover from the COVID-19 crisis our small businesses need a helping hand," Governor Hochul said. "It is imperative that we continue to move funding out efficiently and quickly so businesses can get back on their feet and get back to business." Governor Hochul is committed to continuing to support small businesses. She has advanced a proposal to provide up to $200 million to support early-stage small businesses to ensure they are successful long term as New York recovers from the effects of COVID-19.  Empire State Development Acting Commissioner and President and CEO-designate Hope Knight said, "ESD's COVID-19 Pandemic Small Business Recovery Grant Program has been a life-line for our small businesses to get steadily back on their feet. We have worked hard to get this funding where it's most needed and I am grateful for Governor Hochul's support and also for all of New York's small business owners who are working every day to rebuild our economy."  Read the full press release here.
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Board Meeting

Thursday, March 17, 2022 - 10:30am
In accordance with the current Legislation, the meeting will be conducted via teleconference. The public may listen to the meeting via webcast by clicking the link below. Members of the public may submit comments on the Agenda items in writing to [email protected] by 4:30 pm on Wednesday, March 16, 2022. All comments received by the deadline will be distributed to the Directors prior to the meeting and posted online.
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