Empire State Development news and press releases

See all the official press releases from Empire State Development.

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Board Meeting

Wednesday, June 28, 2017 - 3:30pm
With videoconferencing to: The New York State Department of Labor State Campus – Building 12 Albany, New York 12240 and  The New York State Department of Agriculture and Markets  10B Airline Drive  Albany, New York 12235  
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Board Meeting

Friday, June 23, 2017 - 10:00am
with videoconferencing to   Empire State Development 633 Third Avenue – 36th Floor Conference Room  New York, NY 10017   
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Press Release

Wednesday, June 21, 2017 - 2:10pm
Governor Andrew M. Cuomo today announced the grand opening of Dealertrack's new $100 million corporate headquarters in North Hills, Long Island. A leader in web-based solutions and services for automotive retailing, Dealertrack has signed a lease to remain on Long Island for the next 17 years and has already begun creating new jobs for residents on Long Island. "This milestone is one more example of New York's commitment to fostering economic development and job growth with high tech industries," Governor Cuomo said. "The company's decision to remain in New York and expand on Long Island has resulted in a $100 million expansion project, and the creation of over 350 jobs will further strengthen the local economy and move the region forward." Read the full press release here. 
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Press Release

Tuesday, June 20, 2017 - 3:44pm
Empire State Development (ESD) and the City of Buffalo today announced the Central Terminal Restoration Corporation (CTRC) will welcome the Urban Land Institute (ULI) Advisory Panel to conduct a week-long analysis of potential reuses of the Central Terminal starting Monday, June 26, 2017. The comprehensive review of future options for the iconic property at 495 Paderewski Street and related parcels will be complete by June 30. The analysis is being supported with funding from ESD, the City of Buffalo and ULI Foundation.  “By bringing in the renowned Urban Land Institute to study the Central Terminal, it will give us the information and analysis necessary to ensure the Broadway-Fillmore neighborhood is well-positioned for future economic development,” said Empire State Development President, CEO & Commissioner Howard Zemsky. “The completed study will provide a road map for our robust planning process as the Central Terminal leadership team works to move forward to repurpose this immense complex so it ultimately fits the needs of the City of Buffalo and its residents.” “The Urban Land Institute is recognized as one of the world’s most respected sources of objective information on urban planning, growth and development so to get its recommendations for the Central Terminal will help bring confidence and direction for future decisions regarding the iconic property,” said City of Buffalo Mayor Byron Brown. “Having ULI in town will help us tremendously to understand how best to adapt and reuse this one-of-a-kind property to build off the city’s existing momentum. I thank Governor Cuomo and ESD for their commitment to this project.” “The Central Terminal Restoration Corporation is thankful to the City of Buffalo, specifically Mayor Brown and the strategic planning office, as well as the State of New York and Empire State Development for providing our organization the opportunity and technical support to participate in the Urban Land Institute study,” said Paul Lang, Vice Chairman, Central Terminal Restoration Corporation.  “We, along with our community supporters and stakeholders, are excited to play a role in this process and are looking forward to charting the course for the restoration of the historic Central Terminal.” Twelve ULI panel members—experts from across the nation, all highly-qualified professionals in design, real estate and government—will volunteer a week of their time to analyze the Central Terminal property. The panel will conduct a detailed tour of the site, as well as consult with public and private officials and representatives from other relevant organizations and other individuals familiar with the challenges involved. The conclusions and recommendations will be presented to the CTRC at the close of the onsite assignment. ULI leader Michael Stern, principal at MAS Places in Jackson, Wyoming, is the chairman of the advisory panel that will be visiting Buffalo. “We’re excited to bring ULI’s expertise to Buffalo,” said Stern. “We are aiming to demonstrate how the revitalization of this historic site can contribute to the area’s overall economic prosperity, livability, investment appeal, and competitiveness.” Besides Stern, other members of the Central Terminal ULI study team include: Dan Anderton, community planner and landscape architect at Dewberry in Germantown, Md. Ross Tilghman, president, Tilghman Group, Seattle, Wash. Keith Bawolek, managing principal and chief executive officer, Vermillion Realty Advisors, Chicago Jennifer Ball, vice president, planning and economic development, Central Atlanta Progress, Atlanta Betsy del Monte, principal, Transform Global, Dallas Malaika Abernathy Scriven, Walter Reed project manager, deputy mayor for planning and economic development, Washington, D.C. During the week, the panelists will tour the complex site and surrounding area, and spend two days meeting and interviewing more than 100 stakeholders from the public and private sector. After carefully analyzing the site and completing the interviews, the panelists will then frame their recommendations and draft a presentation that will be made to the public at the conclusion of the visit. The scope of the study will include the following:  From a market and neighborhood revitalization perspectives, what would be the most appropriate and/or desirable mix of uses at the complex and estimated square footages/acreages? Given the scale and complexity of the complex, what is a logical sequence of next steps for Central Terminal?  What would be the menu of options for financing? Given that transportation has played a critical role in the history of the complex, can future bus/rail public transit or passenger/freight rail programming serve as a useful tool in a redevelopment scheme?  What would be the best means and methods of ensuring historic integrity is preserved in perpetuity? What types of residential uses might be a reasonable component of an adaptive reuse strategy?  The Urban Land Institute has studied numerous Buffalo properties, including the Richardson Olmsted Complex, One Seneca Tower and former Millard Fillmore Gates Circle Hospital campus. Founded in 1936, ULI is composed of more than 40,000 members, representing the entire spectrum of the land use and development disciplines, including architects, planners, real estate brokers, builders, attorneys, and engineers.  It has long been recognized as one of the world’s most respected and most reliable sources of objective information on urban planning, growth, and real estate development.  As part of its mission, the Institute maintains an Advisory Services Department for the purpose of benefiting the general public through improved planning and utilization of urban land. Now in its 70th year, the ULI advisory services program assembles experts in the fields of real estate and land use planning to participate on panels worldwide, offering recommendations for complex planning and development projects, programs and policies. Panels have developed more than 650 studies for a broad range of land uses, ranging from waterfront properties to inner-city retail. According to Thomas Eitler, senior vice president of ULI’s advisory services program, the strength of the program lies in ULI’s unique ability to draw on the substantial knowledge of its 40,000-plus members, including land developers, engineers, public officials, academics, lenders, architects, planners and urban designers. “The independent views of the panelists bring a fresh perspective to the land use challenge,” said Eitler. “The advisory services program is about offering creative, innovative approaches to community building.” About Urban Land Institute The Urban Land Institute is a nonprofit education and research institute supported by its members. Its mission is to provide leadership in the responsible use of land and in creating and sustaining thriving communities worldwide. Established in 1936, the institute has more than 40,000 members worldwide representing all aspects of land use and development disciplines. For more information, please visit uli.org.  About Central Terminal Opened in 1929 to serve more than 200 trains and 10,000 passengers daily, the iconic Buffalo Central Terminal operated for 50 years, until the Art Deco masterpiece officially closed as a train station in 1979. In 1997, the 18-acre Buffalo Central Terminal site was acquired by the non-profit Central Terminal Restoration Corporation (CTRC). Efforts are ongoing to refurbish and repurpose the property on Buffalo’s East Side and possibly even to revive it as the city’s active train station. To help fund restoration, the CTRC currently hosts 30+ public events a year in this beloved building.   Contact: Michael DeGeorge (Mayor Brown’s Office) | mdegeorge@ch.ci.buffalo.ny.us | (716) 341-9522 Pamm Lent (Governor’s Office) | pamm.lent@esd.ny.gov  | (716) 846-8309
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Press Release

Tuesday, June 20, 2017 - 3:31pm
Empire State Development (ESD) today announced Tioga Hardwoods Incorporated, a wood products manufacturer located in Tioga County, is expanding its operations in Berkshire, New York. The project is expected to create at least six new, full-time jobs while retaining more than 40 existing positons.  Empire State Development President, CEO & Commissioner Howard Zemsky said, “Simply put, the locally developed strategies in the Southern Tier Soaring plan are working. The region and State are committed to advancing the plan, and it’s resulting in companies like Tioga Hardwoods choosing to grow and create jobs at home in the Southern Tier, and across Upstate New York.” Founded seventeen years ago, the company specializes in quality hardwood species available in New York State such as hard and soft maple, cherry, white ash, red & white oak, basswood, hickory, aspen and yellow poplar. Tioga Hardwoods produces random width/length lumber as well as dimensional lumber which is cut to certain pre-defined sizes. This type of lumber is planed, ripped and chopped to make it immediately ready for uses such as kitchen cabinets and hardwood flooring. Tioga Hardwoods Incorporated Owner & Vice President Scott Snyder said, “Our grant through Empire State Development has allowed us to expand our manufacturing facilities.  The end result is the creation of several new jobs in a rural area of New York State that is in need of a much needed economic boost.” The expansion project includes the addition of new machinery and equipment at the site; and the company is also upgrading current lines to handle the increased production that will result from the expansion. In order to encourage Tioga Hardwoods Inc. to proceed with this project, Empire State Development has offered performance-based incentives that are tied to job creation commitments, including a grant of up to $150,000 and $150,000 in Excelsior Jobs Program tax credits. The total project cost is more than $1.6 million. State Senator Fred Akshar said, "Tioga Hardwoods was one of my first business tours in the 52nd Senate District. Scott Snyder and his team have done a remarkable job and we're so proud to see them succeed and thrive in Tioga County." Tioga County Legislature Chair Martha Sauerbrey said, "Tioga Hardwoods is growing and with the help with New York State they will be able to implement new efficiencies and improve production. I’m extremely pleased that with their growth they will bring jobs and opportunity to Tioga County." For more information about Tioga Hardwoods Incorporated, click here. Accelerating Southern Tier Soaring  Today's announcement complements “Southern Tier Soaring the region’s comprehensive blueprint to generate robust economic growth and community development. The State has already invested more than $3.1 billion in the region since 2012 to lay for groundwork for the plan – attracting a talented workforce, growing business and driving innovation. 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 Binghamton, Johnson City and Corning as a destination in which to grow and invest. Now, the region is accelerating Southern Tier Soaring 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 10,200 new jobs. More information is available here.   Contact: Shari Voorhees-Vincent | Shari.Voorhees-Vincent@esd.ny.gov | (585) 399-7055 Press Office | pressoffice@esd.ny.gov | (800) 260-7313
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Press Release

Monday, June 19, 2017 - 5:20pm
State-of-the-Art Concourse Creates Passenger Access to the Penn Station Tracks and Platforms through the Landmarked James A. Farley Post Office Building for the First Time Final Deal Closed for $1.6 Billion Penn-Farley Complex After Decades of Delays​ Governor Andrew M. Cuomo and Senator Charles Schumer today marked the opening of Penn Station’s expanded West End Concourse, the first phase of the transformational redesign of America’s busiest transit hub into a world-class facility for the 21st Century. The new, state-of-the-art concourse will provide direct access to 17 of the station’s 21 tracks, and will connect the future Moynihan Train Hall to Penn Station underground via 33rd Street, with direct connection to the 8th Avenue Subway (A/C/E). New plazas and street level entrances at 8thAvenue into the century-old, landmarked Farley Building on either side of monumental staircase will provide access to this new, lower concourse as well as streamline boarding and exiting for passengers. Public art and landscaping will greet commuters accessing the trains via these new entrances.​ “The state-of-the-art-infrastructure, technology upgrades, and wayfinding improvements of the expanded West End concourse will provide immediate relief for passengers enduring increasing congestion and overcrowding in Penn Station and help New Yorkers get to where they need to go better and faster," Governor Cuomo said. "I thank Senator Schumer for his leadership on this project and his commitment to making Senator Moynihan's bold vision a reality. With the final agreement allowing for major construction to begin, we are moving full speed ahead in our work to build a bolder, fully modernized Penn-Farley Complex, bringing Penn Station out of the Dark Ages and into the 21st century.”  Senator Chuck Schumer said, "This is a monumental day in New York City history because we are one step closer to making Senator Moynihan’s vision of transforming the Farley Post Office into a 21st century rail hub a reality.  The expanded West End Concourse will take tremendous pressure off of the overcrowded Penn Station complex, and attract visitors and community residents to the food, shopping and grandeur of the entire complex. Once complete, Moynihan Station is poised to be one of the greatest transportation and infrastructure legacies of our generation,” said U.S. Senator Charles E. Schumer. “I am proud to have helped deliver critical federal resources that paved the way for Moynihan Station and enabled Amtrak to contribute to this critical hub. I applaud Governor Cuomo for his role in pushing this deal through the finish line. This is exactly how government is supposed to work. As New York City continues to grow, we must continue to invest in major infrastructure projects like this one to guarantee New York can handle the transportation needs of the next century.” Read full press release here. 
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Press Release

Monday, June 19, 2017 - 5:02pm
Governor Andrew M. Cuomo today announced that the National Comedy Center has awarded a $2.9 million contract to a New York State company, Adirondack Studios, for fabrication and installation of the scenic components of the center and its exhibits. Adirondack Studios, located in Argyle, Washington County, creates the scenic and themed environments experienced in venues that range from theme parks to casinos, museums, live shows, retail and public art. With this contract, the project continues to make progress toward its targeted summer 2018 opening. The Center will celebrate the history of comedy, the craft and its artists.  "The National Comedy Center, once completed, will boost the local economy and spur job creation for Western New York, while creating a world-class cultural hub for visitors and residents alike," Governor Cuomo said. "This contract with Adirondack Studios brings us one step closer to completing this project, which will add further momentum to this region’s renaissance." Construction on the National Comedy Center began in 2016 and will continue through 2018. Its 37,000 square feet of exhibit space involves construction of a new 6,000 square-foot building and the renovation of two historic buildings, which along with an exterior screening area and an adjacent Comedy Park will comprise the National Comedy Center campus. Renovation involves the restoration of the historic Jamestown Gateway train station. When it opens, the National Comedy Center is expected to draw 114,000 visitors annually and support 184 jobs. Read full press release here.
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Public Notice

Monday, June 19, 2017 - 2:30pm
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Public Notice

Monday, June 19, 2017 - 2:00pm
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