Empire State Development news and press releases
See all the official press releases from Empire State Development.
Friday, February 17, 2017 - 2:29pm
Investment Complements “Finger Lakes Forward” – Region's Successful Upstate Revitalization Initiative Blueprint to Grow the Economy and Create New Opportunities Governor Andrew M. Cuomo today announced that Ireland-based NEST iON Limited will expand its operations for the first time into the United States and has selected Rochester to establish its new research and development facility. The company, which produces high-performance lithium batteries, will locate at Kodak's Energy Storage Hub at the Eastman Business Park in the Finger Lakes. The project will result in the creation of at least 17 new full-time jobs over the next three years. "NEST iON's decision to expand in New York is proof positive that this state is a global business destination and we are proud to welcome the manufacturing company to the United States for the first time," Governor Cuomo said. "With NEST iON's new R&D facility in Rochester, we look forward to the creation of new high-tech jobs, increased activity at the Eastman Business Park, and a stronger regional economy as we continue to move the Finger Lakes Forward." To read the full release, click here.
Friday, February 17, 2017 - 2:11pm
Empire State Jobs Retention Program Quarterly Report - Chart A: Businesses Admitted To Program Empire State Jobs Retention Program Quarterly Report- Chart B: Credits Issued
Friday, February 17, 2017 - 2:07pm
12/30/2016: 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
Thursday, February 16, 2017 - 2:00pm
Meeting of the Directors of the Statewide Local Development Corporation, a local development corporation created under New York State law.
Thursday, February 16, 2017 - 12:30pm
Meeting of the Directors of the New York Transportation Development Corporation, a local development corporation created under New York State Law.
Thursday, February 16, 2017 - 11:25am
Empire State Development (ESD) today announced that New Avon LLC (“Avon”), a leading social selling beauty company based in North America, will create more than 50 new jobs while retaining nearly 400 jobs as part of the relocation and expansion of its Manhattan headquarters from 777 Third Avenue to One Liberty Plaza at 165 Broadway. “As the state’s business climate continues to improve, we are seeing more and more major companies, like Avon, choosing to relocate or expand their headquarters in New York State,” said ESD President, CEO & Commissioner Howard Zemsky. “This company has a long, successful legacy operating in New York and we look forward to the new jobs and economic opportunity generated by their continued growth in the Empire State.” “As we work to build the best social selling experience for Representatives and consumers, it was important for us to find an emerging and high energy location to inspire our innovative, entrepreneurial culture,” said Scott White, Chief Executive Officer of New Avon LLC. “We were attracted to Lower Manhattan because it is a vibrant and growing area, anchored by the Freedom Tower and the Westfield World Trade Center. This location will embody the Avon of the future, so we’d like to thank Governor Cuomo and the team at Empire State Development for helping us make this exciting move a reality.” To encourage Avon to expand in New York State, ESD has offered the company up to $4 million in performance-based tax credits through the Excelsior Jobs Program and a grant of up to $600,000 to support capital construction. Over the next 10 years, Avon will create 53 new jobs, retain 398 jobs, while investing $9.5 million dollars to outfit its new space. Avon’s new 91,000 square foot space on two floors of One Liberty Plaza will feature an open concept to support employee collaboration and innovation. Avon expects to officially move into its new headquarters by late summer 2017. About New Avon LLC New Avon LLC (“Avon”) is the leading social selling beauty company in North America, with independent sales Representatives throughout the United States, Puerto Rico and Canada. New Avon's product portfolio includes award-winning skincare, color cosmetics, fragrance and personal care products, featuring iconic brands such as ANEW, Avon Color, Mark, and Skin So Soft, as well as fashion and accessories. Avon has a 130 year history of empowering women through economic opportunity, and the company also proudly supports the Avon Foundation for Women in its efforts to end breast cancer and domestic violence. Learn more about New Avon and its products at www.avon.com. 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 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 andwww.esd.ny.gov. Contact: Amy Varghese (ESD) | firstname.lastname@example.org | (212) 803-3740 ESD Press Office | email@example.com | (800) 260-7313
Thursday, February 16, 2017 - 9:30am
Meeting of the Directors of the New York State Urban Development Corporation d/b/a Empire State Development. With videoconferencing to: NYS Department of Financial Services 1 State Street - Board Room New York, New York 10004
Wednesday, February 15, 2017 - 3:59pm
Building Owned by Silverstein Properties is the First Office Tower on the 16-Acre World Trade Center Site to be Fully Leased Announcement Continues State Investments to Support New York as the Nation’s Leading Tech Economy Governor Releases List of Songs on His Spotify Playlist – Available Here Governor Cuomo today announced that digital music service Spotify will move its United States headquarters to 4 World Trade Center, creating more than 1,000 new jobs and retaining 832 jobs in a major expansion. Spotify, which currently has offices in Midtown South, will move its New York office and its employees to 378,000 square feet of office space in the new Fumihiko Maki-designed building owned by Silverstein Properties, Inc. in early 2018. Spotify’s relocation to the new building will make it the first office tower to be fully leased on the historic 16-acre World Trade Center site. The Governor made the announcement at an event in New York City where he also released his Spotify playlist. A list of songs on the Governor’s playlist is available here. To read the full release, click here.
Tuesday, February 14, 2017 - 7:56pm
The North Country Regional Economic Development Council (NCREDC) today held its first meeting of 2017 in Lake Placid, Essex County. The meeting provided the Council with an opportunity to report on progress to date, begin discussions on new business including the Upstate Revitalization Initiative, and kick-off strategic planning for Round VIl, which is proposed in Governor Andrew M. Cuomo's 2017-2018 Executive Budget. During today’s meeting, the Council welcomed four new members: Mayor Colin Read, City of Plattsburgh; Kevin Acres, Chairman, St. Lawrence County Legislature; Randy Preston, Chairman, Essex County Legislature; and Barbara Rice, Chairwoman, Franklin County Legislature. The NCREDC today announced it is accepting “Intent to Propose” applications for the $50 million North Country Upstate Revitalization (URI) fund, for which a Project Review committee has been established. The committee, which is composed of seven members of the NCREDC, will be responsible for reviewing proposals seeking URI funding. If an application advances beyond the Council, the state conducts a technical review and makes a final funding decision before a commitment of state dollars is made. “It's exciting to be starting another year of important work under Governor Cuomo's Regional Economic Development Council system,” said Garry Douglas, President of the North Country Chamber of Commerce and NCREDC co-chair. “This process has allowed the North Country to chart its own course, bringing unprecedented state investment behind our economic development projects and strategies. Over the coming months, we will be updating our plans and overseeing the implementation of projects now underway, while actively encouraging the preparation of potential projects for submission mid-year." "The Governor’s regional approach to economic development has given the North Country the opportunity to lead the renaissance of New York’s small cities and rural communities,”said Tony Collins, President of Clarkson University and NCREDC co-chair. “As demonstrated in the progress updates from past awards and the new topics introduced for emerging project proposals, strong public-private collaboration is igniting sustained transformation in our communities and advancing economic opportunities across the North Country.” In other business, Plattsburgh Mayor Colin Read provided an update on the city’s efforts to implement its Downtown Revitalization Initiative (DRI) plan; and Harry McManus, Chairman of the Clinton County Legislature, provided the latest on the planned expansion of Plattsburgh International Airport. The meeting also included discussions on a renewable energy cooperative and a potential North Country bid on the 2023 World University Games. Lt. Governor Kathy Hochul presented the Council with an update on Governor Andrew M. Cuomo’s State of the State initiatives and Executive Budget proposal. Members were also updated on the status of all regional council projects, including a summary of the 2016 Regional Council awards. In December, the NCREDC was awarded $61.4 million for 77 projects. The NCREDC, which is composed of Clinton, Essex, Franklin, Hamilton, Jefferson, Lewis and St. Lawrence counties, is one of 10 regional councils across New York State. There are now 450 projects across the region, which have been awarded a total of $484.6 million in support from the State through the Regional Economic Development Council initiative. About the Regional Economic Development Councils The Regional Economic Development Council (REDC) initiative is a key component of Governor Cuomo's approach to State investment and economic development. In 2011, Governor Cuomo established 10 Regional Councils to develop long-term strategic plans for economic growth for their regions. The Councils are public-private partnerships made up of local experts and stakeholders from business, academia, local government, and non-governmental organizations. The Regional Councils have redefined the way New York invests in jobs and economic growth by putting in place a community-based, bottom up approach and establishing a competitive process for State resources. After six rounds of the REDC process, more than $4.6 billion has been awarded to more than 5,200 job creation and community development projects consistent with each region's strategic plan, projecting to create and retain more than 210,000 jobs. For more information on the Regional Councils, visit www.regionalcouncils.ny.gov. Contact: Adam Ostrowski (ESD) | Adam.Ostrowski@esd.ny.gov | (518) 292-5148 | (800) 260-7313 ESD Press Office | firstname.lastname@example.org |(800) 260-7313
Tourism Highlights: Growing New York State’s Tourism Industry, from the Adirondacks to Niagara Falls
Tuesday, February 14, 2017 - 3:12pm
New York State’s vital and booming tourism industry – with an economic impact that now eclipses $100 billion annually – continues to grow, and the Governor has proposed $55 million in initiatives to ensure that growth continues. Coinciding with that commitment are a number of announcements that reflect the State’s ongoing support for tourism-related development, including a planned Gateway to the Adirondacks and the opening of a new hotel in Niagara Falls – located in two of New York State’s iconic vacation destinations. Governor Cuomo announced plans on January 23 for a world-class tourism hub at the southeastern edge of the Adirondacks, located in the Town of North Hudson and on the site of Frontier Town, a former theme park that had been vacant for more than 10 years. A master plan for the 300-acre site has been developed with state and community partners, and incorporating protection of the Adirondack Park. The blueprint includes plans for a visitor information center and event center, a DEC campground and day use area along the Schroon River and an equestrian camping and trail area. The announcement included news that Paradox Brewery, a New York State-born craft beverage business, which currently operates a tasting room at Schroon Lake, will expand operations at the Gateway location and open a saloon featuring New York beers and food. Those additions reflect a $2.8 million investment and creation of 22 additional jobs in North Hudson. The State will secure an estimated $32 million, working with public and private partners, to create the new tourism and recreation hub – a community revitalization that is at the center of the North Country’s regional economic development plan. The announcement of a new hotel opening in downtown Niagara Falls came on the same day as the Adirondack news. A $37 million DoubleTree by Hilton Hotel is part of an ongoing area resurgence which includes the state’s $60 million in infrastructure improvements along the Niagara Scenic Parkway, and private-public developments that are aimed at preserving and promoting this world-renowned destination. The latest DoubleTree by Hilton property, developed by the Merani Hotel Group on the site of the former Fallside Hotel and Conference Center, is the group’s third in the area, located adjacent to Niagara Falls State Park and overlooking the Niagara River. The hotel has 16,000 square feet of meeting and banquet space and can host events with up to 450 people. With this latest addition, downtown Niagara Falls now has five new hotels either built or under construction or renovation, with other plans in the works.