Authentic Indian Cheese Producer Will Grow Operations in the Village of Waterloo; Will Create Almost 40 New Jobs Investment Complements “Finger Lakes Forward” – The Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy Empire State Development (ESD) today announced that authentic Indian cheese maker Deep Dairy Products, L.L.C., which is part of the Deep Foods Group of companies headquartered in Union Township, New Jersey, will modernize its production facility on Swift Street in the Village of Waterloo, Seneca County. As a result of the upgrades the company plans to create up to 39 new jobs over the next five years;36 jobs will be retained. The facility modernization will allow additional products to be manufactured onsite that were previously made by third party suppliers and will increase the amount of milk needed from local dairy farmers. Deep Dairy Products specializes in the making of paneer cheese, ghee and yogurts. Empire State Development Acting Commissioner and President & CEO-designate Eric Gertler said, "Deep Dairy Products’ expansion in the Finger Lakes reflects the area’s rich agricultural resources and the success of New York State’s strategic investments in the region that will continue to grow the industry and create jobs both now and for the future.” The Waterloo facility is currently supplying the cheese and yogurt ingredients for many of the Deep Foods frozen food entrees made at the company’s New Jersey plant.   Deep Foods had previously purchased these raw materials from third party suppliers.  The planned upgrade of the Seneca County facility will allow Deep Dairy Products to increase capacity beyond raw material production and start manufacturing yogurts, lassi drinks (a popular Indian yogurt beverage) and other dairy products for retail sale on a large scale under the new brand name, ‘Deep Indian Kitchen’. The facility upgrades, which are already underway, will include the renovation of the nearly 27,000 square-foot facility and the installation of state-of-the-art machinery and equipment. Deep Dairy Products expects to complete the upgrades in late 2023. Deep Foods Group CEO Deepak A. Amin said, "We acquired this plant in May of 2018 and are excited to now be manufacturing quality paneer cheese, yogurts and other dairy products in Waterloo. The abundant supply of high-quality local milk and Waterloo’s business friendly attitude have confirmed that last year’s purchase of this plant was the right decision and that this is the best location for us to expand our dairy product production.  The incentives being provided by New York State enhanced the feasibility of this project and influenced our decision to expand and modernize the Waterloo plant rather than purchase an alternate facility or use a third party to produce our retail dairy products." Founded in 1977, Deep Foods Inc. and its affiliated companies employ nearly 4800 across the globe. ESD is assisting this important project with up to $700,000 through the Excelsior Jobs Tax Credit Program in exchange for job creation commitments. The project has also been supported by the Village of Waterloo and the Seneca County Industrial Development Agency. State Senator Pamela Helming said, "We are proud that Deep Dairy Products calls Waterloo home. Today's expansion is great news for both Waterloo and Seneca County. Many special partners made this possible. By working together, we can continue to attract new businesses and good jobs to our community.” Assembly Minority Leader Brian M. Kolb said, “Deep Dairy’s expansion and job-creation commitments represent a tremendous success story for the company, the Village of Waterloo, and our surrounding communities. It’s clear they recognize the positive qualities the Finger Lakes Region has to offer – a talented workforce, unique agricultural assets, and important state investments. I congratulate all stakeholders for this collaborative effort that will help Deep Dairy to continue to grow and prosper right here in Seneca County.”  Village of Waterloo Mayor John O’Connor said, “Deep Dairy represents a resurgence in large scale food production within the Village, consistent with the FLREDC’s comprehensive strategic plan.  Further, Deep Dairy brings another global presence to the Village.  We have worked hard in fostering a business- friendly environment and we are grateful to have Deep Dairy, which is affiliated with the largest manufacturer and distributor of Indian food products in the United States, locate a large manufacturing facility in the Village.” Seneca County Industrial Development Agency Executive Director Robert Aronson said, “This project has been 10 years in the making and has all the hallmarks of a classic economic development story. From its start as the vacant Mott’s/ReaLemon building to its transformation to Deep Dairy Products, our IDA team and board have been proud to partner on this project all along the way. We’ve been steadfast in our support, and solid investment and job creation have been the results. Our thanks go to Waterloo Mayor Jack O’Connor, Waterloo Village Administrator Don Northrup, and especially Subodh Amin, whose introduction to Deep Foods paved the way for today’s announcement. We are excited for Deep Dairy’s future, and Seneca County’s future now that we’re officially on the global food production map.” For more Information about Deep Foods Inc., click here. 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 $6.1 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. 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 Rochester, Batavia and Canandaigua as a destination to grow and invest in. 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. ​ Contact: Shari Voorhees-Vincent | [email protected] | (585) 399-7055 Press Office | [email protected] | (800) 260-7313

With videoconferencing to: Empire State Development – Albany Office Conference Room 812 625 Broadway Albany, NY 11245 and Empire State Development – Buffalo Office 95 Perry Street Suite 500 Buffalo, NY 14203

New Dale Jones Burch Neighborhood Center Is Housed in a 136-year-old Firehouse Project Supported by $1 Million in State Funds from the New York City Regional Economic Development Council Governor Andrew M. Cuomo today announced that Henry Street Settlement, a social services organization that has served New Yorkers on Manhattan's Lower East Side for over 125 years, has opened its new Dale Jones Burch Neighborhood Center in a former New York City firehouse at 269 Henry Street. The building — which is expected to serve thousands of individuals each year — was supported by a $1 million capital grant from New York State and will further Governor Cuomo's efforts to bolster organizations that support those in need. "For over a century, both Henry Street Settlement and this firehouse have served New Yorkers, providing comfort in crisis and resources in times of need. It only makes sense this storied organization would take over this historic site," Governor Cuomo said. "New York State is proud to support this project — and Henry Street Settlement's continued work to uplift our neighbors." "Henry Street Settlement has been doing incredible work creating opportunities for New Yorkers for more than 125 years," said Lieutenant Governor Kathy Hochul, Chair of the statewide Regional Economic Development Councils. "With support from the New York City Regional Economic Development Council, this new community center will provide essential services for residents, including health insurance enrollment, employment training, and legal and financial support. We are proud to help open this new door of opportunity and enhance quality of life for residents in New York." Read the full press release here. 

Albany, NY – Cree, Inc. (Nasdaq: CREE), the global leader in silicon carbide (SiC) technology, and New York Center for Research, Economic Advancement, Technology, Engineering, and Science (NY CREATES), last week successfully completed the first silicon carbide test wafers at the State University of New York Polytechnic Institute (SUNY Poly) Albany campus, just days after Cree and New York State announced their historic partnership on September 23. Dedicated staff from both Cree and NY CREATES worked together on the tests, marking the start of collaborative efforts in Albany. The line tests come just weeks after Cree announced plans to develop the world's-first, 200mm SiC wafer fabrication facility near Utica: the Mohawk Valley Fab. This test is key to ensuring the qualification of the fab for ongoing production when it ramps in 2022. “This is a small but significant step toward a very promising future for the Mohawk Valley-- signaling not only the beginning of our formal partnership with New York State, but also a preview of the groundbreaking work that is coming to the region,” said Gregg Lowe, President and CEO of Cree. “Together, we’re really excited to grow the silicon carbide industry as we support the automotive industry’s transition from internal combustion engines to electric vehicles while also training the future innovative leaders of our field in the Mohawk Valley.” “New York State has the right pieces in place for strong business partnership—infrastructure, research expertise, and an educated workforce—so that we can help companies quickly ramp up operations,” said SUNY Chancellor Kristina M. Johnson. “We at The State University of New York are proud to lend our assistance to Cree through NY CREATES and SUNY Poly, and look forward to involving more of our students and faculty in a short period of time.” Empire State Development Acting Commissioner, President & CEO-Designate Eric Gertler said, "Cree has hit the ground running and we look forward to the progress and partnerships that will be fostered as this innovative company continues to grow the silicon carbide industry right here in Upstate New York.” “We are proud to partner with and support Cree as the company begins its rapid ramp-up to full production. I am pleased to see how our team has helped to enable Cree’s successful power electronics tool line tests, including the completion of the first SiC test wafers at the Albany NanoTech Complex,” said Dr. Douglas Grose, Future President of NY CREATES. “This sets the stage for Cree’s fab, which will be newly built, to effectively and efficiently produce power electronics chips to meet the need arising from the anticipated growth of the electric vehicle market, and it’s exciting to see that New York State and Cree will be at the forefront of this important manufacturing effort.” Full time staff from both organizations began working on the Albany campus of SUNY Poly in the first week after the announcement, and it’s expected that combined staffing numbers will reach up to two dozen full-time staff working on the project by mid-November. Following this milestone, the first demonstration yielding 150mm silicon carbide test wafers is expected at SUNY Poly’s Albany campus next year. Progress is also being made in the Mohawk Valley where the site of the new state-of-the-art fabrication facility is being prepared for construction to begin. Cree has committed to create more than 600 new jobs within eight years and provide internships and research opportunities for SUNY students. The efforts help to develop an advanced manufacturing-oriented workforce development initiative across the SUNY system to prepare a 21st century workforce for the long-term, high-quality employment and advancement opportunities the new facility will present. SUNY has also committed to match up to $5 million in semiconductor-related research funding from Cree for the SUNY system. Until the completion of the Mohawk Valley Fab, Cree is leasing space on the SUNY Poly’s Albany campus to utilize equipment purchased as part of the New York Power Electronics Manufacturing Consortium (NY-PEMC). This will support plans to be the first company to successfully transition from producing devices on 150mm silicon carbide wafers. As the fab ramps, Cree will transfer the NY-PEMC equipment and its 200mm process to the Marcy Nanocenter, adjacent to SUNY Poly’s Utica campus. In addition to the direct jobs, Empire State Development estimates the project will generate approximately 570 indirect jobs and over $4.3 billion in total statewide economic impact over the next 20 years. About Cree, Inc.  Cree is an innovator of Wolfspeed® power and radio frequency (RF) semiconductors and lighting class LEDs. Cree’s Wolfspeed product portfolio includes silicon carbide materials, power-switching devices and RF devices targeted for applications such as electric vehicles, fast charging, inverters, power supplies, telecom and military and aerospace. Cree’s LED product portfolio includes blue and green LED chips, high-brightness LEDs and lighting-class power LEDs targeted for indoor and outdoor lighting, video displays, transportation and specialty lighting applications. For additional product and Company information, please refer to www.cree.com. Contact: ESD Press Office | [email protected] | (800) 260-7313