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

Wednesday, September 8, 2021 - 1:42pm
Company to Build State-of-the-Art Emission-Free Facility at Niagara Falls Plant, Retaining 86 Jobs State Investment Supports the Green Energy Program, Which Calls for $29 Billion in Green Energy Investments Across the State Empire State Development (ESD) today announced Linde, a leading global industrial gases and engineering company with 2020 sales of $27 billion, will build its first North American PEM (Proton Exchange Membrane) electrolyzer plant in Niagara Falls. The $17.3 million project will include two parallel systems, to maximize daily production of green hydrogen. Kevin Younis, Chief Operating Officer and Executive Deputy Commissioner at Empire State Development said, “Linde’s production of green hydrogen generated by hydroelectric power at Niagara Falls will help the company invest in and deploy technology of the future and continue to upskill its Niagara County workforce. By providing an emission-free fuel that can be used for hard-to-electrify industrial and other power needs, Linde’s project will also reduce greenhouse gas emissions and support the State’s climate goals, as well as fulfill the WNYREDC’s focus on innovation and sustainability in its tradeable sector of advanced manufacturing.” Green hydrogen is produced by using electrolysis, with an electric current splitting water into oxygen and hydrogen. Hydrogen-powered fuel cells (HFCs) are a popular choice among climate advocates as a potential source of emissions-free energy because they work utilizing a chemical reaction between hydrogen and oxygen in the air to generate clean electricity, creating only water and heat as byproducts. The investment at the plant, located at 4501 Royal Avenue, is part of Linde’s plans to help move towards a carbon-neutral New York and meet the Climate Leadership and Community Protection Act (CLCPA) that calls for 100% zero-emission electricity by 2040.  Linde’s new technology leverages the existing infrastructure at the Niagara Falls facility and will be powered by renewable energy sourced from the Robert Moses Niagara Hydroelectric Power Station when it starts production in 2023.Their electricity source makes this application truly green, as hydro-electric power from the Niagara River will drive the system.  The green hydrogen will be supplied to customers through the existing infrastructure at the Linde Niagara Falls site and has an opportunity to serve a growing customer base. It will also provide new opportunities for a cleantech workforce in Western New York and advances environmental justice in this community with an industrial past. To facilitate Linde’s conversion to an emission-free hydrogen production facility, Empire State Development offered tax credits of up to $671,000 through the Excelsior Jobs Program and also provided a Regional Council Capital Fund Grant of $250,000. Senator Robert Ortt said, “As we strive to rebuild and restart our economy following the COVID-19 pandemic, the opportunity to retain 86 jobs in Niagara Falls is more than welcome. The significance of these career opportunities to our area cannot be overstated, and this investment by New York State will go a long way to helping provided employment security to Western New York families during this uncertain time.” Assemblyman Angelo Morinello said, “Niagara Falls is eager to welcome Linde and their revolutionary, emission-free green energy facility to Western New York. This facility will further the region's investment into the state's Green Energy Program, facilitate the move towards a carbon-neutral New York and secure 86 jobs in this growing sector.  I want to thank Empire State Development, and I look forward to continued investments into zero-emission green energy in Niagara Falls and across the state.” City of Niagara Falls Mayor Robert Restaino said, “Linde has called Niagara Falls its home for many years, it is a great sign of growth and innovation for our City that the company has chosen Niagara Falls for this state-of-the-art facility. Niagara Falls has been at the center of green energy for over 150 years and we are proud that Linde, one of our leading industrial employers, is building the first North American PEM plant in Niagara Falls. Thank you to Empire State Development for its efforts to bring this project to Niagara Falls.” About Empire State Development Empire State Development (ESD) is New York’s chief economic development agency. The mission of ESD is to promote a vigorous and growing economy, encourage the creation of new job and economic opportunities, increase revenues to the State and its municipalities, and achieve stable and diversified local economies. Through the use of loans, grants, tax credits and other forms of financial assistance, ESD strives to enhance private business investment and growth to spur job creation and support prosperous communities across New York State. ESD is also the primary administrative agency overseeing Governor Hochul’s Regional Economic Development Councils and the marketing of “I LOVE NY” the State’s iconic tourism brand. For more information on Regional Councils and Empire State Development, visit www.regionalcouncils.ny.gov and www.esd.ny.gov. Contact: Pamm Lent | [email protected] | (716) 846-8309 Laura Magee | [email protected] | (716) 846-8239
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Press Release

Wednesday, September 8, 2021 - 12:10pm
Infectious Disease Fund Developed to Support and Accelerate Growth in New York's Life Science Industry and Combat Public Health Threats like COVID-19 Fund Will Fast Track Qualified Startups, Early Stage Companies and Late Stage Academic Research in New York Institutions to Commercialize Efforts to Combat Infectious Disease Applications and Fund Guidelines Available Here Governor Kathy Hochul today announced the opening of New York's new $40 million Biodefense Commercialization Fund. The program will accelerate the development and commercialization of life science research and innovations that address serious infectious health threats, including COVID-19 and its variants—an issue of growing urgency given the recent uptick in cases across the nation. "No state was hit harder and faster by COVID-19 than New York State—and it is incumbent upon us to use the lessons we learned to better prepare for the future," Governor Hochul said. "The Biodefense Commercialization Fund will help the next generation of startups and early-stage companies combat infectious diseases while creating jobs and investment in New York's life science industry. We want to ensure that New York is where these groundbreaking companies start and operate, and that our state is at the center of the search for solutions to the world's most pressing problems."     Grants awarded through this fund will help bring to market infectious disease solutions, including diagnostics, therapeutics and other innovations that address or mitigate the spread of serious infectious diseases, encouraging growth across New York's expanding life science industry and positioning the state as a leader in infectious disease resiliency and mitigation.  Eligible companies that are developing promising diagnostics, vaccines, therapeutics, and other innovations to prevent, treat or mitigate serious infectious disease threats can apply for grants of up to $4 million. New York's academic research institutions will be able to apply for grants of up to $500,000 to help fast track advanced intellectual property in life sciences. An emphasis will be placed on supporting the development of innovations with the highest potential for commercial viability. More information can be found online here.  The Biodefense Commercialization Fund will be managed by Empire State Development, with guidance from an Executive Committee that includes representatives from New York State's Department of Health, Columbia University, the Mount Sinai School of Medicine, and two venture funds. A Review Panel of experts from the biopharma industry, life science venture investors, and academic scientists will review, evaluate and provide recommendations to ESD on submitted applications. Additionally, panel members will draw upon their collective experience in these related fields to provide mentorship and guidance to the awardees.  Empire State Development Chief Operating Officer and Executive Deputy Commissioner Kevin Younis said, "As we continue the fight against the COVID-19 pandemic, New York is even more committed to the growth and success of the state's life science industry. The Biodefense Commercialization Fund is a critical investment that seeks to turn the scientific research being conducted across the state into cutting edge treatments and medical solutions to ensure that New York is ready to respond to infectious disease threats in the future."    Read the full press release here. 
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Press Release

Wednesday, September 1, 2021 - 6:30pm
Weekly Foliage Reports Available Every Wednesday Beginning September 8 on iloveny.com   Reports to Include a New Enhanced Interactive Foliage Progression Map This Season  Governor Kathy Hochul today announced the start of the 2021 fall foliage season in New York State. Fall is one of the most popular travel times in New York, attracting visitors from around the world to explore the state's unique communities and support local businesses. To help travelers and foliage enthusiasts plan a fall getaway, I LOVE NY will begin issuing its weekly fall foliage reports on Wednesday, September 8, and will now include a new enhanced interactive progression map.   "Every autumn, New York State's spectacular foliage and natural beauty beckons travelers to our world-class state parks, majestic overlooks, historic sites and unparalleled attractions," Governor Hochul said. "New Yorkers have long known about the stunning displays of color showcased all across the state, from Niagara Falls to Montauk Point. Now is the perfect time for residents and visitors alike to plan a fall escape and experience this incredibly colorful season in our great state."   Empire State Development Vice President and Executive Director of Tourism Ross D. Levi said, "The fall foliage season in New York State is always a magical time of year, and the I LOVE NY weekly foliage report is a great tool for visitors looking to plan a seasonal getaway. Our new interactive fall foliage map highlights a variety of attractions and events, from harvest festivals to Halloween celebrations, craft beverage trails, museums and family fun, helping residents and visitors alike to find what they love while exploring the amazing palette of autumn colors on display across the state."   Read the full press release here. 
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Report

Wednesday, September 1, 2021 - 5:40pm
The Excelsior Jobs Program provides job creation and investment incentives to firms in targeted industries in order to encourage businesses to expand in and relocate to New York while maintaining strict accountability standards to guarantee that businesses deliver on job and investment commitments. Below please find the quarterly program report for the second quarter of 2021, ending 6/30/2021. 6/30/2021: EXCELSIOR JOBS PROGRAM - Quarterly Report CHART A - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Admitted To Program CHART B - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2012  CHART C - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2013 CHART D - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2014  CHART E - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2015 CHART F - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2016 CHART G - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2017 CHART H - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2018 CHART I - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2019 CHART J - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2020
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Report

Wednesday, September 1, 2021 - 4:47pm
The Empire State Jobs Retention Program was created to provide financial incentives to retain strategic businesses and jobs that are at risk of leaving the state due to the impact on business operations from a natural disaster. Below please find charts A & B of the quarterly program report detailing businesses admitted to the program and credits issued for the second quarter, ending 6/30/2021. Empire State Jobs Retention Program Quarterly Report - Chart A: Businesses Admitted To Program Empire State Jobs Retention Program Quarterly Report- Chart B: Credits Issued
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Press Release

Wednesday, August 25, 2021 - 3:20pm
Small Businesses with Revenues Up to $2.5 Million and Experiencing Financial Hardship Due to COVID-19 Are Encouraged to Apply for Grants of Up to $50,000   Governor Kathy Hochul today announced changes to New York State's $800 million COVID-19 Pandemic Small Business Recovery Grant Program that will enable more small businesses to apply for funding. Starting today, businesses with revenues up to $2.5 million can apply for grants, up from the previous threshold of $500,000. Additionally, the limitation for businesses that received Federal Paycheck Protection Program loans has been increased from $100,000 to $250,000. "Supporting the small businesses across our state that got hit hard by the pandemic is a top priority for my administration," Governor Hochul said. "We simply cannot have a full economic recovery if the small business community continues struggling to survive. With the Pandemic Small Business Recovery Grant Program opening up to a greater pool of businesses, I strongly urge all the owners who qualify to submit their application so they can access this funding." Launched in June, the program initially focused on small and micro-businesses across New York State, which were largely left out of federal business recovery initiatives. Empire State Development and its partners have worked hard ensure that these businesses have the technical assistance - including guidance during the application process and support to overcome language barriers - they need to be first in line for this program. To date, more than $48 million has been awarded to over 2,380 small and micro-businesses in all ten regions of the state. The modifications announced today ensure additional small businesses can more quickly access funding through the program.    ESD and Lendistry, the minority-led Community Development Financial Institution that was selected to administer the program, will continue to accept and review applications. All current applicants - those who have not finished their applications, have not uploaded documents or have incomplete documentation - are encouraged to finalize their applications as soon as possible. Previously ineligible small businesses may start applying today, and those applications will start being processed on Wednesday, September 8. More information, including program guidelines and the grant application, can be found here.   Empire State Development Chief Operating Officer and Executive Deputy Commissioner Kevin Younis said, "The coronavirus pandemic was an unprecedented challenge to the state's small business community. Having worked hard to ensure microbusinesses received support first, enabling additional small businesses access to recovery grants will assure the broadest possible rebound for New York State's economy." Read the full press release here.
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Press Release

Wednesday, August 25, 2021 - 2:47pm
Project Encourages Destination Tourism and Provides an Enhanced Visitor Experience in the Region as More People Plan Camping Trips Photo Available Here Empire State Development (ESD) today announced the completion of an $800,000 expansion and enhancement project at Triple R Camping Resort in Franklinville, Cattaraugus County. Headlining the improvements at the resort is the creation of a new spray pad water park called the LeeKee Lagoon. The project was supported by a $106,812 Market New York capital grant from I LOVE NY/New York State's Division of Tourism, awarded through the Regional Economic Development Council initiative. “New York's tourism industry creates jobs, stimulates spending and economic growth, and is vital to building back the state's economy,” said Empire State Development Vice President and Executive Director of Tourism Ross D. Levi. "The new LeeKee Lagoon at the Triple R Camping Resort in Franklinville gives visitors another great reason to explore the Chautauqua-Allegheny vacation region and enjoy all the activities and attractions the area has to offer. I LOVE NY looks forward to promoting the new spray pad as the latest amenity for visitors to consider when planning a memory-making New York State getaway." The LeeKee Lagoon at Triple R Camping resort is a truly unique spray pad and interactive play center with water features such as water cannons, water curtains, tipping bucket, 4 lane racing slide and more - tailoring to the 12 and under crowd. Patrons of the campground can also enjoy other recent additions including a hot tub oasis and cabanas, which complement the existing on-site swimming pool. The 39-acre campground is located on a 69-acre site and offers more than 200 campsites, cabin rentals, RV site rentals and amenities including volleyball, basketball, gem mining, shuffleboard, horseshoes, jump pad and multiple playgrounds - to name a few. Triple R Camping Resort President John Tinelli said, “The addition of the LeeKee Lagoon and Hot Tub Oasis is not just an enhancement to our park, its is the first ever spray pad in Cattaraugus county. This project has already created increased tourism in Franklinville. We now have visitors from Indiana, Ohio, Pennsylvania, Michigan, New Jersey, and as far away as Texas coming to our town and helping to increase business like never before. The project has also boosted sales for other local businesses, as well as ours. We offer a special thanks to everyone at Empire State Development for helping us accomplish such an amazing project for tourism in Western NY. This team is obviously dedicated to putting Market NY Grant funds to work for NY and small business.” Owners John and Jennifer Tinelli bought Triple R Campground on Bryant Hill Road nine years ago. Since then, the owners have seen about 30 percent growth each year. The Tinelli’s believe that the new attractions will help generate an additional 10,000 or more new reservations each year. Interest in camping had been growing steadily prior to the pandemic but saw aggressive growth across the U.S. last year as more people sought local, outdoor experiences that provided room for social distancing. The 2021 North American Camping Report shows that more than 86 million U.S. households consider themselves campers, and 48 million of those households took at least one camping trip in 2020 – up more than six million from 2019. Located about 50 miles south of Buffalo in the foothills of the Allegany Mountains, Franklinville provide visitors with a wealth of outdoor experiences, including golf, mountain biking, hiking, fishing, paddle boarding and kayaking, while dozens of nearby shops and restaurants offer small-town charm. For more information on your next New York State vacation, please visit www.iloveny.com. Senator George Borrello said, "Triple R. Camping Resort draws visitors from around the country. This water park enhances Triple R's draw as a tourist destination, exposing more people to the natural wonders and beauty of Cattaraugus County. It makes a great camping experience better and will boost business across the region. Thank you to Empire State Development and the state Division of Tourism for supporting this project." Assembly Member Joseph Giglio said, “The expansion and enhancements at Triple R Campground, using funds available through ESD’s Market New York Grant, provide unique activities for visitors. These improvements will allow visitors of all ages to fully experience the natural beauty of our region while enjoying amenities available at Triple R Campground. Tourism is a key to jumpstarting our regional economy, especially in the height of the summer travel season. Local businesses support one another as travelers explore other attractions and activities, dining opportunities, shopping, and more.  The positive effects of this investment are incredible for Franklinville and surrounding communities.” Franklinville Town Supervisor Bob Breton said, “I congratulate the Tinelli family on the grand opening of the new water park at their Franklinville campground. Every tourist attraction that is added in the area benefits all the local businesses looking to cater to new and returning visitors. This project gives people yet another reason to enjoy all our beautiful region has to offer.” About Empire State Development Empire State Development (ESD) is New York’s chief economic development agency. The mission of ESD is to promote a vigorous and growing economy, encourage the creation of new job and economic opportunities, increase revenues to the State and its municipalities, and achieve stable and diversified local economies. Through the use of loans, grants, tax credits and other forms of financial assistance, ESD strives to enhance private business investment and growth to spur job creation and support prosperous communities across New York State. ESD is also the primary administrative agency overseeing Governor Hochul’s Regional Economic Development Councils and the marketing of “I LOVE NY” the State’s iconic tourism brand. For more information on Regional Councils and Empire State Development, visit www.regionalcouncils.ny.gov and www.esd.ny.gov. Contact: Pamm Lent | [email protected] | (716) 846-8309 Laura Magee | [email protected] | (716) 846-8239
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Press Release

Friday, August 20, 2021 - 9:29am
Erie Canal Harbor Development Corporation (ECHDC) and Buffalo Waterfront Management Group (BWMG) today announced that the canals at Canalside are converted into a giant roller rink that is now open and will roll through the fall season until October 31. At more than 30,000 square feet, the Roller Rink at Canalside, in partnership with Highmark Blue Cross Blue Shield of Western New York, is the largest outdoor roller-skating rink in New York State. The seasonal attraction, which will host community and school groups, themed skate nights and be free before 5 p.m. on Fridays, will add to the diverse offering of low-cost, family-friendly programming available at Canalside.  Admission is $6 per adult and $2 for children age 13 and younger.  Roller skate rentals will be $4.  The new logo for the Roller Rink at Canalside can be seen here. “Get ready to lace up and roll at Canalside,” said ECHDC Chairman Robert Gioia. “For those around in the 70s at the height of the roller disco era, you know how much fun a pair of polyurethane wheels and good tunes can be, and roller skating is seeing a resurgence as a fun activity for all ages.  We’re thrilled to bring this new attraction to the community on Buffalo’s waterfront.” “The Roller Rink at Canalside will be the place to be this fall, and another example of the diverse range of offerings available on Buffalo’s waterfront to the Western New York community and those visiting from afar. With a full line up of programming, the Roller Rink at Canalside is sure to provide plenty of fun for all ages,” said Kevin Parkinson, VP Operations and Finance, BWMG.  “We are thrilled to partner with Highmark BCBS of WNY and with their support provide accessible, healthy activities to our community." Hours of Operation August 20, 2021 - September 6, 2021 Mondays-Thursday: Noon to 7 p.m. Fridays: Noon to 10 p.m. Saturdays: 10 a.m. to 10 p.m. Sundays: 10 a.m. to 8 p.m. September 7, 2021 – October 31, 2021 Mondays-Tuesdays: Closed (except the holiday on Monday, October 11: 10 a.m. to 8 p.m.) Wednesdays-Thursdays: 3 p.m. to 7 p.m. Fridays: 3 p.m. to 10 p.m. Saturdays: 10 a.m. to 10 p.m. Sundays: 10 a.m. to 8 p.m. The Roller Rink at Canalside will be a place for Buffalo-area children and families to come and experience a new sport for free, or for a low cost, in a fun atmosphere through targeted programming initiatives.  The programs’ focus will be to create a free, outdoor, healthy and active lifestyle environment that will benefit the Western New York community and allow children that might not otherwise be able to experience the roller rink a free and accessible means to do so.  Canalside Neighbor Program – Roller skating will be free of charge to Explore & More, Buffalo and Erie County Naval & Military Park and Buffalo Heritage Carousel guests on Wednesdays. Free Play Fridays – Roller skating admission will be free of charge before 5 p.m. on Fridays. Free Skate Instruction – Join the 716 Rollers for a free skating lesson every Saturday from 11 a.m. to noon. Themed Skate Nights – Every Friday night from 6 to 10 p.m. a new theme will take over the rink! From disco to 90’s night there will be a theme for everyone to enjoy with DJs and specials.  Vendor Markets – Pop up vendor markets next to the roller rink will make the Roller Rink at Canalside a one-stop-shop for fun, food and shopping.  Stop by the market at the canals from 11 a.m. to 5 p.m. on September 4, September 18, October 2, October 16, and October 30. Community Skate Program – Buffalo Waterfront Management Group will donate tickets and rink time to community organizations around the city. Interested community organizations should reach out to [email protected] “As the official health plan of Canalside, we are pleased to bring the fun, healthy and exciting experience of outdoor roller skating to the next generation of Western New Yorkers,” said  Julie R. Snyder, Vice President, Community Affairs, Highmark Blue Cross Blue Shield of Western New York. “The new Roller Rink will only enhance the Canalside experience for all who visit.” Buffalo Waterfront Management Group is actively hiring individuals that love roller skating and want to be a part of this new, exciting attraction on the Buffalo waterfront. Positions include cashiers and skate guards. Interested parties may email [email protected] to learn more. To learn more about activities and events on the Buffalo waterfront, visit www.buffalowaterfront.com.  About Erie Canal Harbor Development Corporation A nine-member board consisting of seven voting directors and two non-voting, ex-officio directors governs the Erie Canal Harbor Development Corp. 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 Erie County executive and the City of Buffalo mayor hold the two non-voting, ex-officio director positions. For more information on ECHDC, visit https://esd.ny.gov/erie-canal-harbor-development-corporation-0. Contact: Pamm Lent (Governor’s Office) | [email protected] | (716) 846-8309 Laura Magee (ECHDC) | [email protected] | (716) 846-8239 Lauren Moloney Ford (BWMG) | [email protected] | (716) 440-0120  
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Press Release

Tuesday, August 17, 2021 - 12:50pm
Program is supported by “CNY Rising,” the region’s comprehensive strategy to revitalize the community and grow the economy Empire State Development (ESD) today announced the five teams selected to take part in round five of the innovative GENIUS NY business accelerator program. Supported by the CNY Rising Upstate Revitalization Initiative and administered by CenterState CEO at the Tech Garden in downtown Syracuse, these startup, unmanned systems industry companies will participate in a yearlong program. The five finalists include teams with international and New York state representation and were selected from a pool of more than 600 submissions. They will compete for $3 million in direct investment, with one grand prize of up to $1 million and four $500,000 awards. The competition is the largest business accelerator competition for the UAS industry in the world. GENIUS NY participants are required to commit to operating their business in Central New York for at least one year. "The GENIUS NY competition has helped to establish Central New York as a hub for unmanned aerial systems by attracting the next generation of innovative entrepreneurs," said Empire State Development Chief Operating Officer and Executive Deputy Commissioner Kevin Younis. "New York's ongoing UAS investment will ensure that continued industry leadership, bringing top quality jobs and growth to the region and beyond." This month, those five companies will move into The Tech Garden, in downtown Syracuse, and will begin to refine work on their business cases which they present at the Pitch Finals event which will be held Thursday, October 21, 2021 at the Marriott Syracuse Downtown.  “We look forward to welcoming these teams from around the world to our community so we can support their growth and integrate them into the thriving ecosystem we have developed for the unmanned systems industry,” said Kara Jones, director of GENIUS NY. “Over the next year, they will receive targeted business development resources and mentoring that, coupled with the state’s high-value investment, will ensure their success. It has been incredibly rewarding to see the growth of the teams from previous rounds of the competition and I know this new cohort will join them to further establish The Tech Garden as the leading place to grow your UAS company.”  The five selected finalists are: Airial Robotics (Hamburg, Germany): Airial Robotics develops commercial UAVs for surveillance, logistics and agriculture modeled after gyrocopter/helicopter hybrid that are challenging industry performance limits for safety, payload, range and speed. Airtonomy (Grand Forks, North Dakota): Airtonomy's push-button software automates uniform collection, packaging and analysis of data acquired by autonomous vehicles and sensors, specifically targeting critical energy infrastructure.  CarScanner (Krakow, Poland): CarScanner develops a used car inspection robot that autonomously navigates around a car and automatically detects scratches, dents, repainted body surfaces, and other damages with structured light, thermography and machine-learning algorithms. Circle Optics (Rochester, New York): Circle Optics develops high-resolution, wide field-of-view imaging systems that enable real-time capture without the time and expense of post-processing required by other multicamera systems. Paired to a UAS, this technology can enable immersive telepresence, better autonomy and a platform to run edge applications such as self-localization, object recognition/tracking, and volumetric data capture. WindShape (Geneva, Switzerland): WindShape develops indoor weather simulation technology to test and certify drones under controllable and repeatable flight conditions to enable autonomous and scalable drone applications. Throughout the program, teams will engage with community leaders, mentors, and advisers from leading companies in Central New York while also participating in tourism activities. The goal is to encourage all participants to put down roots and stay in the region following the conclusion of the program. “These companies were selected from the most competitive pool of applications we have ever seen,” said Jeff Fuchsberg, vice president of Innovation and Entrepreneurship at CenterState CEO. “This year’s applicant pool and high-growth finalists highlight the program’s ability to drive success and impact the rapid growth of participating teams. As these teams join our innovation ecosystem, they will also benefit from a network of resources we’ve established to support startup companies at The Tech Garden.”   “The success of this program can be seen in the companies from prior rounds that continue to grow and create jobs in our community,” said Rob Simpson, president of CenterState CEO. “Their continued success supports regional efforts to be a global leader in the unmanned systems industry.”   Since 2017, GENIUS NY has invested $12 million in 22 companies from around the world and brought them to Central New York to participate in the yearlong in-residence accelerator where they receive assistance with product development, business development, and networking opportunities with investors and business leaders. Participants are also integrated into the larger regional effort to grow unmanned aerial systems in Central New York and the Mohawk Valley, and will have access to world-leading infrastructure and testing assets. Participants also have opportunities to connect with investors for follow on funding. Since 2017, GENIUS NY companies have raised more than $40 million in follow-on funding and have created over 50 jobs in New York. State Senator Rachel May said, "I applaud all of the finalists and participants in the GENIUS NY competition and look forward to the investments they will make in our region and economy. The energy and innovation they represent is vital to continuing to build a thriving entrepreneurship economy in Central New York. By funding business incubators and nourishing the best talent in our region, we are building a platform from which our local economy can prosper as we retain the talent we need to make our region stronger." State Senator John W. Mannion said, “I've lived in Central New York my entire life, and I watched as friends and family lost their jobs when manufacturing plants closed during bad times. Projects like CNY rising are building the economy of the future - I'm so excited to welcome these companies to my hometown and I hope to see them thrive.”  State Senator Al Stirpe said, "Congratulations to all of these teams selected to take part in this year's GENIUS NY Competition. This program has made Central New York a hub for innovations that will not just create jobs for today, but for the futures to come."  Assemblymember William B. Magnarelli said, “Congratulations to this round of finalists. By drawing these companies to the Tech Garden through the GENIUS NY competition, Onondaga County continues to establish itself as a world leader in the drone and technology industry. The partnerships and opportunities created locally during the entrepreneurial stage create a catalyst for growth and industry leadership in this world-wide cutting-edge industry.”  Assemblymember Pamela Hunter said, “The five teams selected for the next round of the GENIUS NY business accelerator program show a great deal of promise. Whatever the results may be, I am excited to welcome them to Central New York and offer my support for them as they look to innovate within our thriving UAS industry.”  Onondaga County Executive, J. Ryan McMahon said, “As we continue our focused work to grow and diversify our local economy, we are incredibly excited to welcome these teams to our community. The GENIUS NY competition is serving as a platform to showcase why Central New York is an exceptional place to grow a business. I wish these innovators the best of luck and we are ready to provide them with any support that they may need.”  City of Syracuse Mayor Ben Walsh said, “The GENIUS NY competition attracts UAS startups from around the world to Syracuse. When I look at the list of finalists vying for the $1 million grand prize this year from Europe to right here in Central New York, I continue to be reminded that the ripple effects of this opportunity could be on a global scale for Syracuse and all of New York State. I look forward to seeing how these innovative companies set the bar even higher in the UAS industry and I applaud Empire State Development, the CNY Rising Upstate Revitalization Initiative, CenterState CEO, and The Tech Garden for growing this program in the heart of New York State.”  Central New York Regional Economic Development Council Co-Chairs Randy Wolken, President & CEO of the Manufacturers Association of Central New York (MACNY), and Deborah Stanley, President of the State University of New York at Oswego said, "Congratulations to the teams selected to take part in round five of the GENIUS NY competition. We are proud to welcome these imaginative entrepreneurs to the region as they work to grow their innovative ideas. Through the regional council’s continued support for the GENIUS NY competition, we are ensuring that New York state remains at the forefront of the growing UAS industry in Central New York, creating new opportunities and jobs for residents in the region for generations to come." To learn more about the GENIUS NY program visit: www.geniusny.com. To learn more about CenterState CEO and the Tech Garden, visit: https://www.centerstateceo.com/about-us/partners-programs/tech-garden.   Accelerating CNY Rising Today's announcement complements “CNY Rising,” the region’s comprehensive blueprint to generate robust economic growth and community development. The State has already invested more than $6.3 billion in the region since 2012 to lay the groundwork for the plan – capitalizing on global market opportunities, strengthening entrepreneurship and creating an inclusive economy. Now, the region is accelerating Central NY Rising 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 5,900 new jobs. More information is available here. About Empire State Development  Empire State Development (ESD) is New York’s chief economic development agency. The mission of ESD is to promote a vigorous and growing economy, encourage the creation of new job and economic opportunities, increase revenues to the State and its municipalities, and achieve stable and diversified local economies. Through the use of loans, grants, tax credits and other forms of financial assistance, ESD strives to enhance private business investment and growth to spur job creation and support prosperous communities across New York State. ESD is also the primary administrative agency overseeing Governor Cuomo’s Regional Economic Development Councils and the marketing of "I LOVE NY," the State’s iconic tourism brand. For more information on Regional Councils and Empire State Development, please visit www.regionalcouncils.ny.gov and www.esd.ny.gov. Contact: Shari Voorhees-Vincent | [email protected] | (585) 399-7055 Press Office | [email protected] | (800) 260-7313    
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Press Release

Monday, August 16, 2021 - 10:36am
Investment Complements “Finger Lakes Forward” – The Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy Empire State Development (ESD) announced today that Magnatag is expanding its worldwide manufacturing operations in Wayne County. The custom white and magnetic  board manufacturer will add machinery and other equipment at its facility in the Town of Macedon to better serve its clients, adding  up to 16 new jobs;42 jobs will be retained. ESD is assisting the the company with its continued growth by providing up to $200,000 through the Excelsior Jobs Tax Credit Program. The Wayne County Industrial Development agency is also supporting the project. Empire State Development Chief Operating Officer and Executive Deputy Commissioner Kevin Younis said, “New York is committed to supporting the growth and success of innovative, high-tech manufacturers. The expansion of Magnatag’s Wayne County operations will allow this family-owned business to service more global clients, while creating top quality jobs that will help to fuel the Finger Lakes regional economy.” Magnatag President Christian Krapf said, “This expansion will dramatically improve the quality of our product, opening doors to new markets while providing greater value to our current customers. We are very grateful that New York State was willing to help us  grow and keep our business here in the Finger Lakes Region.” Founded more than 54 years ago, Magnatag offers over 2300 ready-to-use white and magnetic board kits and other related products for all-purpose job and task-specific uses.  The company’s global clients include factories, hospitals, schools, corporate offices and the military. Now underway, the first stage of a larger planned expansion, to be completed in the next 3 to 4 years.  The first stage project cost has been placed at $601,000. Senator Pam Helming said, "Magnatag is an innovative small business contributing to the economic diversity and vitality of the Finger Lakes. I thank Magnatag for its continued investment and congratulate President Christian Krapf and the Magnatag team on this expansion that will create more good jobs in Wayne County." Assemblyman Brian Manktelow said, “This is exactly what we need coming out of a pandemic, a state and county partnership supporting a local business. I applaud the Empire State Development for their steadfast commitment to businesses in Wayne County. A special thank you to Magnatag President Christian Krapf and the employees for the continual growth and development of themselves and the company. This is a company that will continue to provide dependable and substantive job opportunities for years to come.” Macedon Town Supervisor Kim Leonard said, “We could not be happier that Magnatag chose Macedon and Wayne County as their home and wish them continued success.  We look forward to welcoming new employees and know they will realize what a great place Macedon, Wayne County is to work and live.  Our region is so very blessed to have the “Finger Lakes Forward” program working hand-in-hand with other local, county and state agencies, revitalizing communities leading to continued economic growth.” Wayne County Industrial Development Agency Director Brian Pincelli said, “We’re very excited for Magnatag whose innovative and forward thinking approach is driving their growth. Yet another example of the advanced manufacturing happening in Wayne County. We are proud to have them here and look forward to assisting in their growth.” For additional information about Magnatag, visit https://www.magnatag.com/. Accelerating Finger Lakes Forward  Today’s announcement complements “Finger Lakes Forward,” the region’s comprehensive blueprint to generate robust economic growth and community development. The State has already invested more than $8.07 billion in the region since 2012 to lay the groundwork for the plan – investing in key industries including photonics, agriculture‎ and food production, and advanced manufacturing. Now, the region is accelerating Finger Lakes Forward 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 8,200 new jobs. More information is available here.​ About Empire State Development  Empire State Development (ESD) is New York’s chief economic development agency. The mission of ESD is to promote a vigorous and growing economy, encourage the creation of new job and economic opportunities, increase revenues to the State and its municipalities, and achieve stable and diversified local economies. Through the use of loans, grants, tax credits and other forms of financial assistance, ESD strives to enhance private business investment and growth to spur job creation and support prosperous communities across New York State. ESD is also the primary administrative agency overseeing Governor Cuomo’s Regional Economic Development Councils and the marketing of "I LOVE NY," the State’s iconic tourism brand. For more information on Regional Councils and Empire State Development, please visit www.regionalcouncils.ny.gov and www.esd.ny.gov. Contact: Shari Voorhees-Vincent | [email protected] | (585) 399-7055 Press Office | [email protected] | (800) 260-7313
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