Empire State Development news and press releases

See all the official press releases from Empire State Development.

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Public Notice

Monday, April 19, 2021 - 5:30pm
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Public Notice

Monday, April 19, 2021 - 5:30pm
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Public Notice

Monday, April 19, 2021 - 5:30pm
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Public Notice

Monday, April 19, 2021 - 5:30pm
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Public Notice

Monday, April 19, 2021 - 5:30pm
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Public Notice

Monday, April 19, 2021 - 5:30pm
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Public Notice

Monday, April 19, 2021 - 5:30pm
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Press Release

Monday, April 19, 2021 - 11:00am
Company Will Lease Space in Gunlocke’s Manufacturing Facility in Steuben County Creating Up to 31 New Jobs Investment Complements “Southern Tier Soaring” - The Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy Empire State Development (ESD) today announced Compin USA will locate a manufacturing plant in Wayland, Steuben County to build seats for transportation industry projects, including Amtrak’s next-generation high-speed trainsets which are being manufactured by Alstom in nearby Hornell. Compin USA is leasing manufacturing space vacated by Gunlocke which recently announced a local workforce reduction in its upholstery division. ESD is supporting this project with up to $80,000 in Excelsior Tax Credits for the creation of up to 31 new jobs. The total project cost has been placed at $270,000. The Steuben County Industrial Development Agency offered technical assistance to help bring the two companies together. Empire State Development Acting Commissioner and President & CEO-designate Eric Gertler said, "Compin USA’s arrival in the Southern Tier will further strengthen the transportation manufacturing sector that is helping drive the region’s resurgence. Investing in key industries like this one, across New York State, creates jobs and sets the foundation for long-term, sustainable economic growth."  Compin USA, a subsidiary of French company Compin/Fainsa, will exclusively manufacture railway passenger seats and interior components at the plant in the Town of Wayland. That project will include the creation of an upholstery business unit in which subcomponents of seats will be produced. Additionally, the company will use its global expertise to create an assembly unit to supply the manufactured seats for the Alstom-built high-speed trainsets. Patrick Bouchet, Group Chief Operating Officer will manage the setup of the Steuben County facility and Nicolas Moiroux will operate and manage the U.S. site operation in Wayland. The company expects to be operational at the site by May 2021. Marc JAMMOT, President & CEO of COMPIN group said, “The implementation of the COMPIN Inc plant is a key milestone in the COMPIN FAINSA Corp organic growth. Whereas COMPIN FAINSA features a well – developed industrial footprint in Europe (5 industrial sites) the launch of the COMPIN US plant will enable our Group to meet our long-term strategy in developing its Seats and Interior Systems railways business for the North American continent. We want indeed to take advantage of the skilled American workforce as well as the presence of the assembly plant of main US car builders in the NY state to tighten our links with local partners. We are very proud to settle in Wayland and to develop our partnership with the company Gunlocke. Over the next months we will transfer to our US plant our Seat know-how to offer to the US railways passengers the high-end quality and comfort of European seats.” In November of 2016, Governor Andrew M. Cuomo announced $30 million in Upstate Revitalization Initiative funding to support the expansion of Alstom which added nearly 200 new jobs in Hornell, Steuben County. The project was motivated by Alstom's successful bid to provide 28 next-generation high-speed trainsets for Amtrak’s Northeast Corridor. Jérôme Wallut, President, Alstom Americas said, “We are pleased to welcome yet another company to the growing list of transportation suppliers who have chosen to locate in the Southern Tier, bringing additional high-tech jobs and economic benefits to the region. We thank Empire State Development for their continued efforts to attract these businesses to the region and to New York State as a whole, and for facilitating investments in their growth and development.” For Additional information about Compin USA, visit: http://www.compinfainsa.com/?lang=en Southern Tier Regional Economic Development Council Co-Chair Judy McKinney Cherry, Executive Director, Schuyler County Partnership for Economic Development (SCOPED) and Broome Community College President Kevin Drumm said, "The Compin USA and Alstom projects represent a win-win for the Southern Tier and all of New York State. Under the Governor’s, leadership we are making transformative investments in leading industries and improving our transportation network for the 21st century ensuring that the region with continue to soar for years to come. This investment further enhances our global partnerships.” Senator Tom O'Mara said, "The partnership between Compin USA and Gunlocke to revitalize a manufacturing plant in Steuben County is outstanding and exciting news for the future of transportation manufacturing across the Southern Tier.  It brings critical new manufacturing jobs to Steuben County and will continue to strengthen one of this region's most important foundations for economic growth and job creation." State Assemblywoman Marjorie Byrnes said, “It is so good to see new jobs coming to the Wayland area.  We have a wonderful transportation development hub in Northern Steuben County already.  This is a welcome addition with opportunities for growth.” Steuben County IDA Executive Director Jamie Johnson said, “We are thrilled that Compin and Gunlocke were able to work together to make use of manufacturing equipment and expertise that was already in Steuben County.  This relationship will make both companies stronger over the long-term and provide additional job opportunities to Steuben County residents.” Wayland Town Supervisor Carol E Mykel said, "We are very pleased to welcome Compin to Wayland. Gunlocke has been a long-time employer for us and their recent, necessary downsizing was a cause for concern for our residents. We look forward to the increased employment opportunities that this move makes immediately available for our area and look forward to more as the company grows their local operation." 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 $7.4 billion in the region since 2012 to lay for groundwork for the plan – attracting a talented workforce, growing business and driving innovation. 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 | [email protected] | (585)399-7055 ESD Press Office | [email protected] | (800) 260-7313
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Press Release

Wednesday, April 14, 2021 - 2:20pm
Governor Andrew M. Cuomo today announced more than $1.5 million from the third round of funding of the Western New York Workforce Development Challenge has been awarded to four local not-for-profit organizations. The program, part of the Governor's Buffalo Billion initiative, helps ensure Western New York's workforce pipeline is being responsive to industry demands, and invests in innovative approaches to workforce training for underserved populations.  "These program awardees will provide professionals with the training and skills they need to compete in today's fast-growing industries and help New York build back better," Governor Cuomo said. "The state's workforce must adapt in order to take full advantage of the opportunities in the rapidly changing economy, and our Workforce Development Challenge is giving Western New Yorkers the edge they need to succeed."   Following the completion of Round 2 awards in fall of 2020, a third program round launched in December to help address an increase in pandemic-related unemployment by expediting the availability of additional workforce development resources.  The grants will be administered by the Community Foundation for Greater Buffalo. "Job training is a critical tool to reimagine our economy so that it is inclusive to all and make sure no one falls behind," said Lieutenant Governor Kathy Hochul. "Today's announcement provides a pathway to connect Western New Yorkers with the skills and training for the jobs in information technology, tourism and advanced manufacturing, making success accessible to all." Read the full press release here.
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Press Release

Tuesday, April 13, 2021 - 12:04pm
Food and Agriculture Startup Competition is Accepting Applications Through July 15th Competition is Funded Through Upstate Revitalization Initiatives - Finger Lakes Forward, CNY Rising and Southern Tier Soaring - Regional Comprehensive Strategies to Revitalize Communities and Grow the Economy Empire State Development (ESD) today announced that the application window for the 2021 Grow-NY business competition is now open and is accepting submissions. Grow-NY, an unprecedented business competition, focuses on enhancing the emerging food and agriculture innovation cluster currently present in Central New York, the Finger Lakes and the Southern Tier regions of New York state. The transformative competition attracts high-growth food and agriculture startups from around the world and across the state where they will compete for a combined total of $3 million in prize money. Applications will be accepted through July 15, 2021. From the applications submitted, up to 20 finalists will be selected. ESD is funding the competition through Governor Andrew M. Cuomo’s Upstate Revitalization Initiative connected with the three regions— CNY Rising, Finger Lakes Forward and Southern Tier Soaring. The competition is administered by Cornell University through its Center for Regional Economic Advancement. “The Grow-NY competition brings together the best entrepreneurial minds in the world to boost job growth and make our agricultural industry even stronger in New York State,” said New York Lieutenant Governor Kathy Hochul. “While we continue to build back better for a more sustainable post-pandemic future, round 3 of the Grow-NY competition will bring investment and opportunity to New York’s farmers and rural communities.”  The startup competition begins its third year with impressive momentum, having garnered more than 460 applications from businesses originating in 32 unique states and 37 other countries over the last two years. In all, 37 finalists have been selected to date, with 14 winners sharing in $6 million in start-up funding as well as the invaluable mentorship and networking benefits which Grow-NY delivers to finalists across its 22-county area. “This third round of Grow-NY will build on the success of prior competition winners whose entrepreneurial spirit is fueling economic growth,” said Empire State Development Acting Commissioner and President & CEO Eric Gertler. “These innovative companies have attracted significant investment, including $11 million in follow-on funding from successful Series A rounds and National Science Foundation grants, that in turn is helping to lay a foundation for even more opportunities throughout the Grow-NY region and around the world.” Winners are required to contribute to a thriving Upstate economy in the Grow-NY region through innovation, job creation and industry ecosystem development and commit to operating in at least one of the 22 Grow-NY counties for at least 12 months. One finalist will receive a top prize of $1 million; two others will be awarded $500,000 prizes, and four more will be given $250,000 prizes. Winners will also receive tax incentives and publicity support to announce their achievements across the Grow-NY region and in their home regions. The program has already generated dozens of new jobs, having attracted high-growth food and agriculture startups from around the world. Winners have also engaged with supply chain partners to create many indirect opportunities in agriculture, distribution, food processing, manufacturing and beyond. Round I, million-dollar, first place winner Real Eats has been named as a top meal delivery service by Forbes, and now employs dozens of people from the Grow-NY region.  The competition is also attracting more diverse leaders to the region, as 29% of 2020’s applicants included a female founder and 32% included a founder from an underrepresented minority group. “As a premier institution of scientific learning and discovery, Cornell is a world leader in tackling complex challenges through our culture of interdisciplinary understanding and collaboration,” said Benjamin Z. Houlton, Ronald P. Lynch Dean of Cornell’s College of Agriculture and Life Sciences. “Grow-NY epitomizes that culture, connecting the world to Upstate New York and vice versa, and it’s an honor to be part of the team that leads this truly transformative initiative.” Applications must be submitted by Thursday, July 15. In September, up to 20 finalists will be assigned mentors and enter the business development phase. All finalists will receive bespoke entrepreneurial support and valuable regional introductions, additional training to hone their live pitches, and barring travel restrictions, will join an expenses-paid, three-day business development trip to the region for up to two team members. The finalists will then present their business plans during the Grow-NY Summit, Nov. 16- 17, which this year will be a hybrid (in-person and virtual) event broadcast live from Syracuse, N.Y. “We’ve generated international recognition for our region, with applications and media coverage from Africa, Asia, Australia, Europe and South America,” said Grow-NY Program Director Jenn Smith. “Literally thousands of innovators, entrepreneurs and investors from all over the world have been made aware of our agriculture and food processing expertise in the Central New York, Finger Lakes and Southern Tier regions, boosting our industry, academic, and R&D resources along the way.” Judges will base award decisions on the following five criteria: Viability of Commercialization and Business Model – the potential for the entrant to generate revenue and maintain a cost structure that allows for a competitive and sustainable business, demonstrate technological readiness or innovate to fulfill its value proposition; Team– demonstration of a level of cohesion, completeness, and readiness within, and diversity and inclusion amongst the founders, employees, and advisors of the business that will allow the team to deliver on its potential; Customer Value – the degree to which the entrant is providing something for which customers are willing to pay, and addressing a substantial market; Food and Agriculture Innovation – the extent to which the entrant is pushing what’s considered state-of-the-art in the food and agriculture industries, and contributing to Upstate NY’s status as a global leader in innovation in these markets; Regional Job Creation – the potential for creating high-quality jobs in the Grow-NY footprint and relevance to the existing food and ag ecosystem; and The Grow-NY region, which hosts 43.7% of New York’s 33,438 farms, includes an abundance of vibrant, fertile lands along with such major urban centers as Rochester, Syracuse, Ithaca and Binghamton. It is a 22-county region comprised of the following three areas: Finger Lakes – Genesee, Livingston, Monroe, Orleans, Ontario, Seneca, Wayne, Wyoming and Yates  Central New York – Cayuga, Cortland, Madison, Onondaga and Oswego Southern Tier – Broome, Chemung, Chenango, Delaware, Schuyler, Steuben, Tioga and Tompkins NYS Department of Agriculture and Markets Commissioner Richard A. Ball said, “The Grow-NY competition has had incredible success since its launch, shining the spotlight on New York agriculture and encouraging innovation and creativity across the sector as well as diversity in leadership.  We have a great story to tell about the hard working farmers and food and beverage business owners who contribute to one of the nation’s leading agricultural communities and about the opportunities for growth within the industry right here in New York State.  As we continue to recover and rebuild from the pandemic, Round 3 of Grow-NY will provide much needed investment and job growth, and I look forward to seeing the projects that will be submitted in 2021.” Central New York Regional Economic Development Council Co-Chairs Randy Wolken, President & CEO of the Manufacturers Association of Central New York, and Deborah Stanley, President of the State University of New York at Oswego said, "New York State continues to experience unprecedented growth in the agriculture and food industries and we are really looking forward to serving as host for this year’s exciting the Grow-NY Food and Ag Summit in November. This competition represents yet another exciting investment in our community that will further bolster regional job growth and further support our agricultural base throughout Central New York ensuring the region continues to rise." Finger Lakes Regional Economic Development Co-Chair Bob Duffy, President and CEO, Greater Rochester Chamber of Commerce and Denise Battles, President SUNY Geneseo said, “The regional council is proud to support round three of the innovative Grow-NY competition. Our agricultural and food industries are truly world class and both their products and innovations are huge economic drivers for our state and region. Connecting the cutting-edge ideas of these entrepreneur teams with local industry partners supports the multi-pronged approach laid out in the Finger Lakes Forward Upstate Revitalization Initiative, which is working to create a thriving regional economy.” Southern Tier Regional Economic Development Council Co-Chair Judy McKinney Cherry, Executive Director, Schuyler County Partnership for Economic Development (SCOPED) and Broome Community College President Kevin Drumm said, "New York's agriculture industry is one of the most prestigious and productive in the nation.  This initiative, with its investment in the region, adds great value to the Southern Tier's continued economic success in the ag sector. The Grow-NY competition enables innovative and competitive businesses to showcase their strengths and will further our efforts to bolster the regional economy ultimately helping the Southern Tier to soar." For additional information about Grow-NY competition visit www.grow-ny.com. For additional Information about the Cornell Center for Regional Economic Advancement visit: https://crea.cornell.edu/ 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. ​ Accelerating CNY Rising Today's announcement complements “Central NY 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. 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 $7.4 billion in the region since 2012 to lay for groundwork for the plan – attracting a talented workforce, growing business and driving innovation. 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 | [email protected] | (585) 399-7055 Press Office | [email protected] | (800) 260-7313 Mike Barone |The Martin Group | [email protected] | (716) 830-7139
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