Empire State Development news and press releases

See all the official press releases from Empire State Development.

All
Press Releases
Filter Options
Close
2958

items

Board Meeting

Thursday, June 30, 2022 - 9:30am
In accordance with current Legislation, this meeting will be conducted via video conference and teleconference. The public may view and listen to the meeting via webcast by clicking here. Members of the public may submit comments on the Agenda items in writing to [email protected] by Noon on Wednesday, June 29, 2022. All comments received by the deadline will be distributed to the Directors prior to the meeting and will be posted on-line.
learn more
Press Release

Friday, June 24, 2022 - 6:03pm
 Project's Ribbon Cutting Celebrates the Creation of Food Hall, Food Market and Event Space in City's Central Business District Empire State Development (ESD) today announced the completion of The Academy’s food hall, food market and event space in Poughkeepsie, Dutchess County. Located at 33 Academy Street in the heart of the city's central business district, The Academy will also establish a co-working space to be finished in September and 28 affordable apartment units which will be completed by the end of the year. This project furthers the city and the region's efforts to promote the area as a place to live, work and play, encouraging young adults to establish roots in the community. Baxter Building Corporation, the developers for this project, have committed to the creation of 65 new jobs.  ESD President, CEO and Commissioner Hope Knight said, "New York State is committed to investing in projects that that strengthen our downtown centers and supports local economic development. The Academy, with its modern mixed-use space and amenities and is a great example of how we are committed to increasing the vibrancy of our city centers to make them attractive to new residents looking for walkable livable communities." Baxter Building Corporation, the developers for this project, are investing more than $13 million to renovate the formerly underutilized commercial spaces at 31-35 Academy Street. This mixed-use development is uniquely positioned to be a vibrant hub of activity for the downtown neighborhood and the community. Upon completion, The Academy will include 28 apartment units, a grocery, food hall, restaurant, brewery, co-working and event space all under one roof, serving as a cultural catalyst where the best of Hudson Valley products and produce will be newly accessible, attracting locals and visitors from attractions such as the nearby Walkway Over the Hudson. The co-working space will invite and house numerous small businesses, independent professionals, and entrepreneurs to help catalyze economic growth. Amanda Baxter, President of Baxter Building Corporation and owner of The Academy, said, “Poughkeepsie is growing into a thriving residential and commercial city, and we are proud to reimagine The Academy as a local community hub for business and culture.” Eric Baxter, Vice President of Baxter Building Corporation and owner of The Academy, said, "“A core mission for Baxter is to develop and pave the way for collaboration and growth for the region’s local and emerging businesses. The Academy will be a welcoming establishment, cultivating a place to create, to relish, and to gather." This project was identified as a priority project by the Mid-Hudson Regional Economic Development Council during Round VIII of the Regional Council process. Empire State Development has agreed to provide a capital grant of up to $1.1 million in exchange for 65 new jobs in Poughkeepsie. Mid-Hudson Regional Economic Development Council co-chairs Marsha Gordon, President & CEO of The Business Council of Westchester, and SUNY Orange President Dr. Kristine Young said, "The Academy project is a prime example of the best is yet to come for the Mid-Hudson Region. This multi-use complex will offer in a place where people can live, work and play, will be a catalyst to energize downtown Poughkeepsie and add to the city’s appeal.” Senator Sue Serino said, "This is an exciting day for Poughkeepsie, and the Hudson Valley as a whole. As we work to rebuild in the wake of the COVID-19 pandemic, it's the completion of unique developments like this that will help revitalize our community and move us forward. The Academy truly has something for everyone, and it is a space that both residents and visitors alike can enjoy. We thank the Baxter Building Corporation for recognizing all the great reasons to invest in our local community and we cannot wait to see all the ways our neighbors enjoy this great new space.” Assembly Member Jonathan G. Jacobson said, "I applaud Baxter Construction for this innovative project. This project is a great example of a successful public-private partnership. The Academy will help revitalize an important part of downtown Poughkeepsie which will benefit all of the residents of Poughkeepsie and the region.” Dutchess County Executive Marc Molinaro said, "The redevelopment of the long vacant and high-profile buildings at the heart of the City of Poughkeepsie’s business district will be a catalyst for the attraction of other businesses, residents and investment to the city. I greatly appreciate the Baxter Family’s continued investment in the City and the Mid-Hudson Regional Economic Development Council’s support of this important project.” City of Poughkeepsie Mayor Rob Rolison said, “The Academy project is taking a big step today with the launch of a food hall, food market and event space, with more to come. We so look forward to the benefits these businesses will bring to the community. The Academy is a perfect fit as our revitalization efforts continue in the city’s innovation district and throughout the city.” 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: Kristin Devoe | [email protected] | (518) 414-1087  ESD Press Office | [email protected] | (800) 260-7313 
learn more
Press Release

Friday, June 24, 2022 - 3:54pm
Downtown Revitalization Initiative Project in Bridge District Will Serve as Anchor for the Community   See Conceptual Renderings and Picture of Interior of Church Here  The New York State Department of State (DOS) and Empire State Development (ESD) today announced that Niagara University has begun work to establish an academic innovation hub and community space in the Bridge District in Niagara Falls. Niagara University will invest more than $2.5 million, including a $1.1 million Downtown Revitalization Initiative award, to purchase the First Congregational United Church of Christ, a historic church at 822 Cleveland Ave, and transform it into a center for community outreach to help residents with early childhood development, economic development, community collaborations, and focus on health and wellness of residents.  “After much planning, the projects selected through the DRI process in Niagara Falls’ Bridge District are finally becoming a reality,” said Empire State Development President, CEO & Commissioner Hope Knight.  “Renovating this historic building will broaden its community reach and impact as an active space for community, educational and business uses. Providing new professional resources and neighborhood amenities will also add to the area’s quality of life, both for existing residents, and for newcomers drawn by projects like these that are transforming the state’s city centers.”  “This project underscores the indispensable role that universities serve as anchors for urban revitalization, economic development and the overall quality of life within a community,” said New York State Secretary of State Robert Rodriguez.  “The establishment of this innovation hub in the Bridge District DRI enhances the vibrancy and vitality of this rising Niagara Falls neighborhood and the region.”  “Niagara University remains deeply committed to the growth and revitalization of Niagara Falls,” said Niagara University President Rev. James J. Maher. “The academic innovation hub is one more step forward as we work with Governor Kathy Hochul, Mayor Restaino and our key partners to align with existing initiatives to bring economic, workforce and social development to the Bridge District. We are beginning to see progress in our community, and I look forward to working with the entire community to create opportunities for growth and investment in our region.”  Niagara Falls’ Bridge District, a business district along North Main Street near the Whirlpool Rapids Bridge to Canada (and former bridges such as the Railway Suspension Bridge) was awarded $10 million under Round 4 of the DRI in August 2019. The Niagara University project was identified as one of 10 transformational projects under the DRI spending plan and will receive a $1.1 million DRI grant administered by Empire State Development.  The project is expected to be complete in spring 2023.   Niagara University will continue to lease the main floor of the church to the existing congregation, which has been active since 1855, for weekly services. The church has a rich history, including the belief that it was a stop on the Underground Railroad and was a host to 19th century abolitionist Frederick Douglass. The building’s location gives Niagara University a high-profile community presence to support direct neighborhood outreach, academic and civic programming, and historical and cultural events.    The university’s investment in the church will transform parts of the building into a state-of-the-art working space to meet the needs of the innovation hub. In addition to renovations, the university will purchase new furniture, computers, and technology related equipment, and it will make a number of infrastructure upgrades, including the installation of an elevator to provide handicap access. The building’s worship space will remain intact, and will be used for various activities including the continued use by the existing congregation, a speaker series and music events.  Niagara Falls’ Bridge District was named a DRI round 4 winner in August 2019.  With support from the Department of State, Niagara Falls developed a strategic investment plan that envisions the Bridge District as an active, walkable neighborhood that supports growing businesses and provides a welcoming environment for both residents and visitors that celebrates the area’s unique qualities and amenities. The strategic investment plan is guiding revitalization projects to advance the community’s vision for the district and to leverage and expand upon the state’s $10 million investment.    City of Niagara Falls Mayor Robert Restaino said, “I am grateful for Niagara University’s proven dedication to our community. The new Academic Innovation Hub will serve not only as a learning opportunity for students, but also a resource center for Niagara Falls residents. They will have immediate access to resources to help strengthen their professional lives, as well as their personal lives. The resources that will be available will open up new doors for residents to drastically improve their quality of life.”  State Senator Robert Ortt said, “With this investment by New York State, the residents of our Niagara Falls community will now have greater access to important services that are necessary for not only everyday life but also the further development of our city. This new Academic Innovations Hub with help build upon the positive progress we are witnessing throughout our city and is a brilliant display of what can be done when educational institutions, local government, and state government collaborate. I applaud this joint effort and look forward to the results created because of it.”  Assemblymember Angelo Morinello said, “I’m confident that Niagara University’s Academic Innovation Hub will become a prominent local anchor that expands the university’s presence in the city, serves the families and children of the Bridge District and fosters community and economic development. Thanks to Governor Hochul and Niagara University we are realizing our vision for this district to fully reach its incredible potential.”   The Niagara Falls Bridge District centers on a Main Street corridor, featuring prominent civic and cultural spaces, regional transportation amenities, and close to outdoor attractions, including De Veaux Woods and Whirlpool state parks and the Niagara Gorge. In recent years, the construction of the Amtrack Station, the Underground Railroad Heritage Center, and the creation of the Gorgeview section of Niagara Falls State Park, through the state’s removal of the Robert Moses Parkway along the reclaimed Niagara Gorge rim, have laid the groundwork for enhanced connectivity.  The DRI identifies key investments in public spaces, signature design projects, and strategic support of private projects to continue to bridge the divide, sown by urban renewal, between Main Street and the Niagara Gorge by fostering connections between community assets, a sense of place, and residential options for a diverse population. Niagara Falls is eager to ensure that investment will deliver on the principles of good urbanism to create a welcoming gateway district for visitors, a sought-after area for commercial activity and employment, and a desirable, livable neighborhood.  Downtown Revitalization Initiative  New York State’s DRI, a cornerstone of its economic development program, transforms downtown neighborhoods into vibrant centers that offer a high quality of life and are magnets for redevelopment, business, job creation, and economic and housing diversity. Led by the Department of State with assistance from Empire State Development, Homes and Community Renewal and NYSERDA, the DRI represents an unprecedented and innovative "plan-then-act" strategy that couples strategic planning with immediate implementation and results in compact, walkable downtowns that are a key ingredient to helping New York State rebuild its economy from the effects of the COVID-19 pandemic, as well as to achieving the State’s bold climate goals by promoting the use of public transit and reducing dependence on private vehicles.  More information on the DRI is available here.  About the First Congregational Church  The First Congregational Church was completed in 1856, the same year Niagara University was founded. Construction was spearheaded and completed via the donations of area residents who contributed limestone, bedrock and other materials that were used to build the Railway Suspension Bridge. Area lore has it that the first parishioners were abolitionists and that the church was a stop on the Underground Railroad, hence the museum of that same name on nearby Depot Avenue West.  Niagara University  Founded by the Vincentian community in 1856, Niagara University is a comprehensive institution, blending the best of a liberal arts and professional education, grounded in our values-based Catholic tradition. Its colleges of Arts and Sciences, Business Administration, Education, Hospitality, Sport and Tourism Management, and Nursing offer programs at the baccalaureate, master’s, and doctoral level.  As the first Vincentian university established in the United States, Niagara prepares students for personal and professional success while emphasizing service to the community in honor of St. Vincent de Paul. Niagara’s institutional commitment to service-learning has led to its inclusion on the President’s Honor Roll for Community Service every year since its inception in 2006, and its recognition with the Carnegie Foundation’s Classification for Community Engagement.  Contact: Laura Magee (ESD) | [email protected] | (716) 846-8239 Department of State (DOS) |  [email protected] | 518-486-9846 
learn more
Board Meeting

Thursday, June 23, 2022 - 10:00am
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 p.m. on Wednesday, June 22, 2022. All comments received by the deadline will be distributed to the Members prior to the meeting and will posted on-line.
learn more
Press Release

Wednesday, June 22, 2022 - 1:23pm
New York's Largest Biotech Company Continues to Grow in the Mid-Hudson Region, Bringing at Least 1,000 New Jobs over Five Years  Governor Kathy Hochul today announced the groundbreaking for Regeneron's previously announced $1.8 billion research, preclinical manufacturing and support facilities at the company's Westchester County campus in Tarrytown. The company, a biotechnology leader that invents and manufactures life-transforming medicines for people with serious diseases, committed to creating at least 1,000 new full-time, high-skill jobs in the Mid-Hudson Region over the next five years. To encourage Regeneron's continued expansion in New York State, Empire State Development is supporting the project with up to $100 million in performance-based Excelsior Jobs Program tax credits, consistent with the company's hiring goals. Regeneron considered several potential sites in the tri-state area before deciding to expand in the Mid-Hudson region.  "New York is a leader in the life sciences industry in part due to the decades of investment and many groundbreaking scientific advancements at Regeneron," Governor Hochul said. "The COVID-19 crisis was one demonstration of how quickly and effectively Regeneron is able to deploy its drug discovery and development engine against devastating diseases. Regeneron's work has undoubtedly saved countless lives in New York and throughout the United States, and we are proud that Regeneron will continue to create good jobs and invest in the Mid-Hudson region as they work to make additional breakthroughs against blindness-causing diseases, cancer, genetic diseases and more."    Regeneron President and Chief Executive Officer Leonard S. Schleifer, M.D., Ph.D., said, "We have been a proud New York company since our beginning over three decades ago, during which time we have invented industry-leading drug discovery technology and developed ten FDA-approved or authorized medicines entirely in our own laboratories. New York State has played an important role in our success by consistently recognizing the value of innovation, fostering an inclusive and dynamic biomedical industry, and helping to attract top talent to the region."  Tarrytown serves as Regeneron's corporate and research and development headquarters, and the expansion plan now underway includes the addition of new laboratories, preclinical manufacturing and process development suites and office space. This project will encompass the design, construction and fit out of up to eight buildings, three parking garages and a central utility plant totaling approximately 900,000 square feet.   The project is expected to take place in two phases over six years, with construction expected to be completed in 2027. The direct and indirect fiscal benefit to state and local government is estimated to be more than $283.3 million, with a nearly $2 billion estimated economic benefit to New York State.  Regeneron was founded in 1988 in New York City; the following year, New York State invested $250,000 in the company. Today, Regeneron is the largest biotech company in New York State and one of the largest and most productive in the world. The company is consistently ranked among the best biopharmaceutical employers by Sciencemagazine and included on the Civic 50 list of most community-minded companies in the nation.   Empire State Development President, CEO and Commissioner Hope Knight said, "Regeneron is a New York State company with a record of success in creating lifesaving advancements that benefit the entire world. Additionally, Regeneron is a company that invests in the surrounding communities and its employees. Not only will Regeneron continue to bring substantial economic growth to the Mid-Hudson Region, they will continue to be a good community partner in the region."    Read the full press release here.
learn more
Public Notice

Tuesday, June 21, 2022 - 6:00pm
Public Notice
learn more
Press Release

Tuesday, June 21, 2022 - 2:37pm
Project Supports Regional Food Production and Manufacturing Industry Watch Video of Project Here  Governor Kathy Hochul today announced that Americold has completed construction of a 181,000-square-foot cold storage distribution facility on approximately 28 acres in the Town of Dunkirk in Chautauqua County. The $41 million project will create 60 new jobs, in addition to the 250 construction jobs created to build the facility, which will provide much-needed cold storage for the food supply chain in the area. "New York State is pleased to support Americold's growth and advance economic recovery efforts in Western New York's vital food manufacturing sector," Governor Hochul said. "The food and beverage industry will continue to play a major role in lifting our state's economy, and through innovation, coordination, and responsiveness to consumer demands, New York businesses like Americold will help to ensure that we continue to lead the nation in shipping and storage."   The food and beverage industry is a significant and stable contributor to the US economy; it plays a leading role as an employer in many regional economies. The industry's efficiency, continuous innovation over time, and response to changing consumer demand has helped to ensure the affordability and quality of the US food supply, as well as the competitiveness of US food exports. Americold's project is an example of how the primary economic activity of food manufacturing creates value added secondary impacts with its needs for storage and shipping - reverberating through the local and regional economies, creating additional income and employment for businesses.  Empire State Development President, CEO & Commissioner Hope Knight said, "We want to ensure that Western New York's food production industry continues to thrive. Americold's expansive warehouse project will catalyze economic growth in Chautauqua County and throughout the region, supporting local manufacturers with expanded storage and transportation solutions and creating new jobs that will help secure a brighter future for all."  New York Power Authority Chairman John R. Koelmel said, "The Niagara Power project is a cornerstone for economic development in Western New York where it directly supports tens of thousands of jobs. We at NYPA are proud to support Americold so that it can establish a new cold storage facility in Dunkirk that will create 60 jobs and provide storage for Wells Enterprises, a major ice cream manufacturer and NYPA power customer."  Americold offers a comprehensive temperature-controlled storage and distribution network that is supported by the most advanced technology. For almost 120 years, Americold has been providing technology-based engineered solutions for the temperature-controlled supply chain industry - supporting everyone from local artisans to regional grocery stores, and from national food producers to international food and beverage organizations. Americold's services include blast freezing and tempering, kitting, labeling, date-coding, and repackaging to meet the needs of its global customer base.  Read the full press release here.
learn more
Press Release

Tuesday, June 21, 2022 - 1:06pm
Today, The Times Union published commentary by Empire State Development President, CEO & Commissioner Hope Knight, on the passage of New York State’s nation-leading Green CHIPS legislation, which will allow the state to further attract the semiconductor industry while ensuring a commitment to environmental sustainability and an obligation to deliver tangible community benefits. Text of the commentary is available below and can be viewed online here. Commentary: Green CHIPS bill will bring big investment to New York Hope Knight June 21, 2022 Earlier this month, the Legislature overwhelmingly, and with bipartisan support, passed the nation’s first Green CHIPS bill, which now gives our state a once-in-a-lifetime opportunity to change the economic trajectory of upstate New York. The passage of Green CHIPS amends the longstanding Excelsior Jobs Tax Credit program to better attract multi-billion-dollar semiconductor manufacturing facilities, further enhancing New York’s competitiveness against other states vying for chip fabs. Green CHIPS will help cement our state as the nation’s leader in an industry that produces one of the United States’ top five exports and is the top contributor to domestic labor productivity growth. In combination with New York state’s long-standing semiconductor investments, it positions New York to gain a greater percentage of federal aid and private investment from the federal Creating Helpful Incentives to Produce Semiconductors (“CHIPS”) Act. Regardless of when Congress is able to pass the CHIPS Act, New York has already taken steps to grow the industry here at a time when global competition is increasing. The global chip shortage is hurting Americans where we can least afford it: our wallets. Supply chain issues and a decline in the United States’ share of global chip production are causing undue hardships to every aspect of the economy.  This erosion of U.S. chip production capacity puts our nation at a strategic disadvantage in several critical areas, including national security, technological innovation, and economic growth and independence. Because more than 300 industries – from cars to cellphones – use chips, their scarcity drives up prices of other consumer goods. U.S. Commerce Secretary Gina Raimondo put it more bluntly: The lack of chips, she said, is directly responsible for the worst inflationary pressure we’ve suffered in forty years. Why is Green CHIPS important to New York? • Jobs. Any recipient of Green CHIPS will need to invest at least $3 billion in the state and create at least 500 company jobs. Locally, look no further than Malta and Marcy for what the industry means to a community: GlobalFoundries, which has invested over $15 billion in the region, has been transformational in the Capital District. Wolfspeed, which just cut the ribbon on a billion-dollar fab in Marcy, has already invested millions of dollars in internships, workforce development programs and curriculum enhancements at SUNY, and has created hundreds of local, high-paying jobs in the Utica area. Green CHIPS will attract more transformational projects that build on upstate New York’s traditional strength in manufacturing and create new jobs at every level -- not just engineering jobs that require advanced degrees, but jobs of the future for the regions and people of our state who have suffered and need them the most.  • Community benefits. Building on similar provisions in the Federal CHIPS Act, Green CHIPS represents a holistic and inclusive model of economic development for chip fabs by ensuring that each project will deliver real community benefits, including prevailing wage, workforce training, and programs to expand opportunity for disadvantaged populations • The environment. Green CHIPS has the potential to reduce global greenhouse gas emissions by tying financial assistance to ensuring that more semiconductors – which are critical components of sectors that will help combat climate change, such as electric vehicles, energy efficiency, energy storage and clean energy – are manufactured in a more sustainable production process, in line with the draft guidelines released by the New York State Climate Action Council • Accountability. Green CHIPS is a discretionary, pay-for-performance incentive. Companies would​ not receive any state assistance until they meet their annual job, investment, and other project commitments.   U.S. Senate Majority Leader Charles Schumer and other members of the New York congressional delegation are doing their part by working to pass the federal CHIPS Act. By passing Green CHIPS, New York has shown that we are ready to do our part to address the national chip shortage, and that we can balance economic opportunity with environmental sustainability.  Hope Knight of New York City is president and CEO of Empire State Development.    Contact: Kristin Devoe | [email protected] | (518) 414-1087 ESD Press Office | [email protected] | (800) 260-7313      
learn more
Press Release

Thursday, June 16, 2022 - 2:01pm
Fresh Meal Delivery Service Moves into 80,000 Square-Foot Production Facility in the Town of Geneva Project Complements "Finger Lakes Forward" - The Region's Comprehensive Strategy to Revitalize Communities and Grow the Economy Governor Kathy Hochul today announced the official grand opening of meal delivery service RealEats 80,000 square-foot production facility located at 1 Montmorency Way (Routes 5 & 20) in the Town of Geneva, Ontario County. Originally located in the Geneva Enterprise Development Center, a local business incubator, RealEats will produce and ship fully cooked, farm-fresh customizable meals from the new Geneva location, where it currently employs approximately 160 people. This expansion builds on the Finger Lakes regions vibrant agriculture and food processing sector, a central part of the regionally designed Finger Lakes Forward economic development plan. "New York state is globally known for having some of the best food products in the world, and the agricultural industry is an important part of our statewide economy," Governor Hochul said. "By continuing to build on our investments in successful companies like RealEats, we are bolstering startups that are focused on the future of the agribusiness industry. We are committed to fostering these innovative ideas, boosting job growth, and to further strengthening the regional and statewide economies." Founded in 2017, RealEats delivers healthy, portion controlled, chef-cooked meals directly to homes across most of the United States. RealEats selected New York, and specifically Geneva, for its expansion, because of its central location in the world-renowned Finger Lakes agricultural region. Geneva is also home to the Center of Excellence in Food and Agriculture at Cornell AgriTech - the first of its kind facility which pulls together multiple partners to catalyze business development in New York's agriculture and food industries. Dan Wise, Company President & CEO said, "We are beyond fortunate to have found a home in the Finger Lakes, where all the real food is. I could not have envisioned that an idea to solve my family's dinner dilemma would become an important public-private partnership dedicated to building a better food future. We are sincerely grateful for the incredible assistance from Empire State Development, New York State, Ontario County, the City of Geneva, the Center of Excellence for Food & Agriculture at Cornell AgriTech, and the tremendous support of our investors, the New York State Common Retirement Fund, Hamilton Lane, Armory Square Ventures, Excell Partners and GNC, which have been vital for our expansion. This unique collaboration has enabled RealEats to create 160 new local jobs, make significant investments back into our community, and help people across the country enjoy the nutritional benefits of healthy real food." Empire State Development has previously supported RealEats continued growth in Geneva through a $500,000 grant, and a $2.45 million investment by Excell Partners, which manages the FLXFWD Venture Fund, supported by the Upstate Revitalization Initiative. Up to $3 million is also being provided through the performance-based Excelsior Jobs Tax Credit Program in exchange for promised job commitments. The company also has the distinction of being the $1 million, round one winner of the state supported Grow-NY food and agriculture business competition which is dedicated to growing an enduring agrifood industry innovation cluster in the Finger Lakes, Central New York and in the Southern Tier regions of New York State. Additionally, through its In-State Private Equity Investment Program, State Comptroller Thomas P. DiNapoli has invested $7.8 million in RealEats in five separate investments through its partners, Armory Square Ventures and Hamilton Lane. The state pension fund has invested $1.6 billion in more than 500 companies through this private equity program, generating a 10% internal rate of return since 2001. The New York State Common Retirement Fund partners with investment firms to invest in private New York companies. Empire State Development Commissioner and President & CEO Hope Knight said, "This innovative company's continued expansion in Ontario County is great news, especially given the boost to local farmers that comes from RealEats' ongoing commitment to use regionally-sourced foods in their chef-prepared meals. New York's agricultural industry is the 'secret sauce' of RealEats' success and our statewide economy, and there's no better place for the company to strengthen its 'roots' and 'grow' its business than in the beautiful, bountiful Finger Lakes region." Read the full press release here.
learn more
Press Release

Wednesday, June 15, 2022 - 3:08pm
Paper Board Packaging Manufacturer Constructed New, 105,000 Square-Foot Facility in the Town of Henrietta; Commits to Creating Close to 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 Premier Packaging Corporation, has officially opened a 105,000 square-foot, newly constructed, manufacturing facility in Wiregrass Business Park in the Town of Henrietta, Monroe County. The company which provides paper board packaging to some of the country’s largest digital photo finishing, food packaging, and medical device companies built the plant to better accommodate demand for its products and has additionally committed to creating up to 37 new jobs as part of the expansion project; 52 jobs will be retained. Empire State Development President, CEO & Commissioner Hope Knight said, “Premier Packaging Corporation’s new facility reinforces the company’s commitment to the Finger Lakes, a region that offers the “whole package” to top-notch businesses looking for skilled talent. New York's targeted support for forward-thinking projects like this one will continue to strengthen the economy, creating top quality jobs in Monroe County and across the state.”   Premier Packaging Corporation was founded in 1989 and was acquired by DSS, Inc. in 2010. DSS is a multinational company, operating businesses in consumer packaging, blockchain security, direct marketing, healthcare, medical real estate, and securitized digital assets.  Premier has been a market leader in providing innovative and secure solutions for paperboard packaging from heavy mailing envelops and photo sleeves, to sophisticated custom folding cartons and complex 3-dimensional direct mail solutions. Premier’s innovative designs deliver functionality, marketability, sustainability, and anti-counterfeiting technology. Premier Packaging Corporation President and DSS Chief Operating Officer, Jason Grady said, “We are grateful to ESD for providing Premier with an opportunity to advance our business. As a multinational company, we had several options when considering a new location, but with the help of ESD, we are able to continue to call this area home and excited to begin operations in our new state-of-the-art facility in Henrietta. The Upstate NY and Finger Lakes region has proven as an ideal place for us to operate our business, service our customer base, and further expand our offerings, and we look forward to continuing that succuss moving forward.” ESD is assisting Premier Packaging by providing up to $700,000 in performance-based Excelsior Tax Credits in exchange for job creation commitments. Monroe County, Rochester Gas & Electric and Greater Rochester Enterprise are also assisting with the company’s continued growth. The total project cost has been placed at $6.2 million. State Senator Patrick Gallivan said, “I congratulate Premier Packaging Corporation on its new manufacturing facility in Henrietta and its decision to expand in Monroe County.  The project adds new jobs, secures existing ones and sends a positive message to the community.  Supporting existing businesses and helping them to grow is critical as we work to expand the economy of our region and New York State."  State Assembly Member Harry Bronson said, “I applaud Premier Packaging for their commitment to our region,” said Assemblymember Harry Bronson. “Today’s announcement by the company shows that the Rochester area has a strong, diverse, and skilled workforce and is in an economic position to create jobs for the future. I look forward to Premier Packaging’s growth and the addition of new jobs at their new Henrietta campus.” Monroe County Executive Adam Bello said, “Monroe County continues to prove itself to be a hub of economic growth, technological advancement and entrepreneurial spirit – and that is further demonstrated by Premier Packaging Corporation’s investment in our community and neighbors. My thanks to Governor Kathy Hochul and Empire State Development for continuing to foster job growth and prosperity for Monroe County.” Henrietta Town Supervisor Stephen L. Schultz said, “We were very happy to learn Premier Packaging would be expanding their production facilities and chose Henrietta’s Winegrass Business Park to do so, creating up to 37 new jobs in addition to the 52 existing employees on staff. Innovative programs at the Rochester Institute of Technology, such as their Packaging Science program, help to bring in strong talent to Henrietta. In an effort to retain that talent, we have partnered with Monroe County and the State of New York and have rezoned the areas south of the RIT campus for industrial parks and mixed-use development. Premier Packaging is another great example of the numerous companies that have located in office parks near campus as a result, growing a strong industrial center, and creating many well-paying jobs for our residents and for those throughout the region. The efforts of Empire State Development and Monroe County to attract businesses to the area has paid big dividends.” Bob Duffy, President and CEO of Greater Rochester Chamber of Commerce, and Finger Lakes Regional Economic Development Committee Co-Chair, said, “Congratulations to Premier Packaging Corporation on this exciting expansion in the Town of Henrietta, which proves once again that the Greater Rochester/Finger Lakes region is an ideal place for innovative companies to grow and thrive. Thank you to our partners in government and economic development for helping to enhance business investment and growth in our region. We look forward to assisting Premier Packaging Corporation President and DSS Chief Operating Officer Jason Grady and his team with their continued success.” Matt Hurlbutt, President and CEO, Greater Rochester Enterprise said, “Premier Packaging Corporation continues to leverage the packaging assets and expertise available in the Greater Rochester, NY region to support its growth. This expansion is another great example of collaboration – including an outstanding developer who supplied a facility that met the company’s needs. This support, coupled with a competitive cost of doing business, made Rochester the right location for Premier Packaging Corporation’s expansion.” For additional information regarding Premier Packaging visit: https://www.dsssecure.com/packaging/. For additional Information regarding DSS, Inc.: visit: https://www.dssinc.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 regionally designed plan focuses on 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. 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 (www.esd.ny.gov). 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 the Regional Economic Development Councils and the marketing of “I LOVE NEW YORK,” 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. ### About DSS, Inc. DSS is a multinational company operating businesses within nine divisions: Product Packaging, Biotechnology, Direct Marketing, Commercial Lending, Securities and Investment Management, Alternative Trading, Digital Transformation, Secure Living, and Alternative Energy. DSS strategically acquires and develops assets to enrich the value of its shareholders through calculated IPO spinoffs and a parametric share distribution strategy. Since 2019, under the guidance of new leadership, DSS has built the necessary foundation for achievable growth through the formation of a diversified portfolio of companies positioned to drive profitability in multiple high growth sectors. These companies offer innovative, flexible, and real-world solutions that not only provide mutual benefits for businesses and their customers, but also create sustainable value and opportunity for transformation. For more information on DSS visit http://www.dssworld.com. Contact: Shari Vincent | [email protected]| (585) 399-7055 | (800) 260-7313 Press Office | [email protected] | (800) 260-7313  
learn more