Empire State Development news and press releases

See all the official press releases from Empire State Development.

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Press Release

Monday, January 23, 2023 - 1:59pm
Village of Cape Vincent to Receive $4.5 Million; Villages of Lyons Falls & Waddington to Receive $2.25 Million Each New $100 Million NY Forward Program Builds on Momentum of the Successful Downtown Revitalization Initiative to Support a More Equitable Downtown Recovery for New York's Smaller and Rural Communities Governor Kathy Hochul today announced that the Village of Cape Vincent will receive $4.5 million and the Villages of Lyons Falls and Waddington will each receive $2.25 million in funding as the North Country region winners of the first round of NY Forward. Building on the momentum of the State's successful Downtown Revitalization Initiative, the $100 million NY Forward program adopts the same "Plan-then-Act" strategy as the DRI to support a more equitable downtown recovery for New York's smaller and rural communities. As part of NY Forward Round One, two to three awards will be made to smaller communities in each of the state's ten economic development regions to support development and implementation of revitalization plans for their downtowns. "My administration is committed to making sure all of New York's communities thrive, and strategic investments like this will help smaller and rural communities reach their full potential," Governor Hochul said. "We are thrilled to see these funds go towards Cape Vincent, Lyons Falls and Waddington, and look forward to getting projects underway that will strengthen their downtowns." NY Forward is a central component of the State's economic development efforts, working together with the Downtown Revitalization Initiative (DRI), to accelerate and expand the revitalization of New York's downtowns. NY Forward serves smaller communities with historic character that distinguishes them from the larger, more urban central business districts typically funded through DRI. NY Forward communities are walkable, less dense areas that serve the immediate local community, and are more local in nature - focusing on the immediately surrounding residential or rural agricultural centric development. Read the full press release here.
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Press Release

Monday, January 23, 2023 - 1:34pm
Downtown Revitalization Investments are a Critical Part of the State's Comprehensive Economic Development and Community Growth Strategy State to Work with Residents, Community Leaders and Public Officials to Revitalize Ticonderoga's Downtown Governor Kathy Hochul today announced that the Town of Ticonderoga will receive $10 million in funding as the North Country winner of the sixth round of the Downtown Revitalization Initiative. For Round 6 of the Downtown Revitalization Initiative, each of the state's 10 economic development regions are being awarded $10 million, to make for a total state commitment of $100 million in funding and investments to help communities boost their economies by transforming downtowns into vibrant neighborhoods. "Our Downtown Revitalization Initiative is key to transforming towns across the state into sustainable, affordable, and walkable communities where residents and visitors alike can thrive," Governor Hochul said. "The infusion of $10 million into Ticonderoga will enhance its natural beauty, revitalize local businesses, highlight its rich history, and ensure it is a community resilient to the challenges the future holds." The Downtown Revitalization Initiative (DRI) serves as a component of the State's economic development policy by transforming downtown neighborhoods into vibrant centers of activity that offer a high quality of life and attract businesses, jobs and economic and housing diversity. Like past DRI rounds, each selected community will develop a strategic plan through a bottom-up, community-based planning process that articulates a vision for the revitalization of its downtown and identies a list of signature projects that have transformative potential and leverage further private and public investments. The Department of State will then award DRI funds to selected projects with the greatest potential to jumpstart revitalization and realize the community's vision. Read the full press release here.
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Press Release

Monday, January 23, 2023 - 12:48pm
Village of Lancaster and Village of Wellsville to Receive $4.5 Million Each New $100 Million NY Forward Program Builds on Momentum of the Successful Downtown Revitalization Initiative to Support a More Equitable Downtown Recovery for New York's Smaller and Rural Communities Governor Kathy Hochul today announced that the Village of Lancaster and the Village of Wellsville will each receive $4.5 million in funding as the Western New York region winners of the first round of NY Forward. Building on the momentum of the state's successful Downtown Revitalization Initiative, the $100 million NY Forward program adopts the same "Plan-then-Act" strategy as the Downtown Revitalization Initiative to support a more equitable downtown recovery for New York's smaller and rural communities. As part of NY Forward Round One, two to three awards will be granted to smaller communities in each of the state's 10 economic development regions to support the development and implementation of a downtown revitalization plan.   "New York's downtowns are the lifeblood of our state, and my administration is committed to ensuring communities in every region have the resources they need to thrive," Governor Hochul said. "Through NY Forward, we're building on the continued success of our Downtown Revitalization Initiative to provide crucial support to New York's smaller and rural communities. I'm proud to announce this funding today for Lancaster and Wellsville to help bring our downtowns back and strengthen our communities for the next generation of New Yorkers." NY Forward is a component of the state's economic development efforts, working together with DRI to accelerate and expand New York's burgeoning downtown revitalization. NY Forward is meant to serve smaller communities and support local economies that often have a feel and historic character that is distinct from larger, more urban central business districts typically funded through DRI. NY Forward communities are walkable, less dense areas that serve the immediate local community, and are more local in nature, focusing on the immediate surrounding residential or rural agricultural centric development.  Read the full press release here.
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Press Release

Monday, January 23, 2023 - 12:35pm
Downtown Revitalization Investments are a Critical Part of the State's Comprehensive Economic Development and Community Growth Strategy State to Work with Residents, Community Leaders and Public Officials to Revitalize Dunkirk's Downtown Traducción al español Governor Kathy Hochul today announced that the City of Dunkirk will receive $10 million in funding as the Western New York winner of the sixth round of the Downtown Revitalization Initiative. For DRI Round 6, each of the state's 10 economic development regions are being awarded $10 million, to make for a total state commitment of $100 million in funding and investments to help communities boost their economies by transforming downtowns into vibrant neighborhoods. "We are writing a new chapter of opportunity and prosperity for Western New York - prioritizing investments that will make the region a better place to live and visit," Governor Hochul said. "This funding will transform Dunkirk by activating the city's waterfront, creating inclusive workforce housing and expanding economic development opportunities. We will continue to invest in Western New York's revitalization efforts, which will help bring a renewed sense of hope to its communities." The DRI serves as a component of the State's economic development policy by transforming downtown neighborhoods into vibrant centers of activity that offer a high quality of life and attract businesses, jobs and economic and housing diversity. Like past DRI rounds, each selected community will develop a strategic plan through a bottom-up, community-based planning process that articulates a vision for the revitalization of its downtown and identifies a list of signature projects that have transformative potential and leverage further private and public investments. The Department of State will then award DRI funds to selected projects with the greatest potential to jumpstart revitalization and realize the community's vision. Read the full press release here.   
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Board Meeting

Monday, January 23, 2023 - 11:00am
This meeting is open to the public. The meeting will be streamed and available by clicking the link below. Due to building procedures, those wishing to attend must RSVP by 12:00 p.m. on Friday, January 20. RSVP press line (800) 260-7313; RSVP public line (518) 292-5105.
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Public Notice

Friday, January 20, 2023 - 2:00pm
View all grants to be presented at the batch virtual public hearing.
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Press Release

Thursday, January 19, 2023 - 2:00pm
Downtown Revitalization Investments are a Critical Part of the State's Comprehensive Economic Development and Community Growth Strategy State to Work with Residents, Community Leaders and Public Officials to Revitalize East Harlem Governor Kathy Hochul today announced that East Harlem will receive $10 million in funding as the New York City region winner of the sixth round of the Downtown Revitalization Initiative. Each of the state's 10 economic development regions will be awarded $10 million during this sixth round, which will total a $100 million state commitment to help communities boost their economies by transforming downtowns into vibrant neighborhoods. "The rich culture and history of East Harlem is an incredibly important part of New York City's story," Governor Hochul said. "Through this $10 million investment, we can help the community preserve its heritage and spur economic development within the neighborhood for generations to come. I look forward to seeing East Harlem write the next chapter in its vibrant story." The DRI serves as a component of the state's economic development policy by transforming downtown neighborhoods into vibrant centers of activity that offer a high quality of life and attract businesses, jobs and economic and housing diversity. Like past DRI rounds, each selected community will develop a strategic plan through a bottom-up, community-based planning process that articulates a vision for the revitalization of its downtown and identifies a list of signature projects that have transformative potential and leverage further private and public investments. The Department of State will then award DRI funds to selected projects with the greatest potential to jumpstart revitalization and realize the community's vision. Read the full press release here.
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Board Meeting

Thursday, January 19, 2023 - 9:30am
The meeting is open to the public. The public may also view and listen to the meeting via webcast by clicking the link below. Please Note: Due to building procedures, members of the public attending in-person should please RSVP by 4:30 p.m. on Wednesday, January 18, 2022. Members of the press should please call (800) 260-7313; Members of the public should please call (212) 803-3772. Members of the public may submit comments on the Agenda items in writing to [email protected] by Noon on Wednesday, January 18, 2022. All comments received by the deadline will be distributed to the Directors prior to the meeting and will posted online.
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Report

Tuesday, January 17, 2023 - 3:03pm
View report
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Board Meeting

Tuesday, January 17, 2023 - 11:00am
With Video Conferencing To: Empire State Development – Albany Office, 625 Broadway – 8th Floor Conference Room, Albany, New York 12245 And: USA Niagara Development Corporation Offices, 222 First Street – 7th Floor Conference Room, Niagara Falls, NY 14303 This meeting is open to the public. Webcasting of the meeting is available by clicking the link below. Due to building procedures, those wishing to attend at any of these locations must RSVP by 5:00 p.m. on Friday, January 13, 2023. RSVP press line (800) 260-7313; RSVP public line (212) 803-3772. Members of the public may submit comments on the Agenda items in writing to [email protected] by 5:00 p.m. on Friday, January 13, 2023. All comments received by the deadline will be distributed to the Directors prior to the meeting and will be posted online.
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