Empire State Development news and press releases

See all the official press releases from Empire State Development.

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Board Meeting

Thursday, July 15, 2021 - 9:30am
The meeting is open to the public. Web casting of the meeting is available at the link below. Due to building procedures, those attending should please RSVP by 4:30 p.m. on Wednesday, July 14, 2021. Members of the press should please call (800) 260-7313; Members of the public should please call (212) 803-3772. 
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Press Release

Wednesday, July 14, 2021 - 2:25pm
Leading Flexible Packaging Manufacturer Constructed 25,000-Square-Foot Addition to Existing Facility in the Town of Ogden; Will Hire up to 40 New Employees Investment Complements "Finger Lakes Forward" - The Region's Comprehensive Strategy to Revitalize Communities and Grow the Economy Empire State Development (ESD) today announced that leading flexible packaging manufacturer ProAmpac has officially opened its state-of-the-art Collaboration & Innovation center in the Town of Ogden, Monroe County. The company constructed a 25,000 square-foot addition onto its existing facility on Manitou Road. The innovation center will focus on packaging development and design and will also host regional and global consumer packaged goods companies as well as vendors for events and training. ProAmpac had considered building the innovation center out of state but chose to expand at its current location thanks to the support from New York State. With this expansion, the company has committed to hiring up to 40 new employees. “ProAmpac’s new Collaboration & Innovation Center will create up to 40 new good jobs and spur innovation in Monroe County,” said Lieutenant Governor Kathy Hochul. “New York State is proud to attract and support companies like ProAmpac that are manufacturing important products right here in Rochester as we build back stronger and more sustainable than ever.” Empire State Development Acting Commissioner and President & CEO-designate Eric Gertler said, "ProAmpac's Collaboration & Innovation Center demonstrates the company’s ongoing commitment to Monroe County by boosting the local manufacturing sector and providing top-quality jobs. Forward-thinking projects like this one, creating a hub in the region for global packaging design, will help to ensure a more sustainable future for New York.” Empire State Development is assisting ProAmpac's innovative project with a $ 350,000 capital grant and up to $1 million through the Excelsior Jobs Program in exchange for job creation commitments. NYPA, which is already providing 140 kilowatts of low-cost power through the ReCharge NY program to the firm to retain its existing jobs, is supporting the expansion project with an additional 40-kilowatt RNY power allocation. Monroe County and Greater Rochester Enterprise are also assisting the company. Total project cost was placed at $8 million. Gil C. Quiniones, NYPA president and CEO, said, "Congratulations to ProAmpac on the opening of its new center—the completed expansion project allows the firm to hire 40 new employees, which is great news for the Finger Lakes region. Governor Cuomo's ReCharge NY program has been a tremendous benefit to enterprises across New York, providing low-cost power to businesses in need while supporting hundreds of thousands of jobs throughout the state." ProAmpac is a leading manufacturer of flexible packaging with nearly 50 locations throughout the U.S., Canada and Europe. The global flexible packaging company brings brand owners and packaging experts together to accelerate advanced technology and increase speed-to-market, package customization and consumer differentiation. The company manufactures innovative and sustainable packing for customers in the food and beverage, health and beauty, lawn and garden, pet, retail and secure packaging industries. ProAmpac CEO Greg Tucker said, “We are very proud to open the doors of our new Collaboration & Innovation Center to welcome in customers and colleagues to see first-hand the innovation our company is bringing to the flexible packaging industry. With the help of New York State, the Greater Rochester Enterprise, local officials and the many employees that worked tirelessly to bring the planning and construction of this facility to life, we are very thankful. I am confident our new facility will expand ProAmpac’s contributions to the growing global flexible packaging industry.” Monroe County Executive Adam Bello said, “ProAmpac’s state-of-the-art Collaboration & Innovation Center in Ogden will allow the company to tap into Monroe County’s highly skilled workforce, innovative thinking and leadership in printing and advanced manufacturing. The advantages of our region continually prove to be a remarkable asset for established companies and up-and-coming enterprises. I thank ProAmpac for their continued commitment to Monroe County, and thank Gov. Cuomo for his continued forward-thinking investments in key industries that will help strengthen our regional economy and provide new opportunities for our residents.   Greater Rochester Enterprise President & CEO Matt Hurlbut said, “ProAmpac’s Collaboration and Innovation Center opening in the Greater Rochester, NY region is a testament to the extensive packaging expertise, talent, and world-class R&D resources available here. Rochester, NY’s long history of innovation in this sector will support ProAmpac’s goal to develop and prototype new packaging solutions for its clients.” For additional information regarding ProAmpac, click here. 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. ​ Contact: Shari Voorhees-Vincent | [email protected] | (585) 399-7055 Press Office | [email protected] | (800) 260-7313
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Board Meeting

Monday, July 12, 2021 - 10:00am
With Video Conferencing to: Empire State Development Buffalo Regional Office - 95 Perry Street Buffalo, New York 14203 This meeting is open to the public. Webcasting of the meeting is available at the link below. Due to building procedures, those attending should please RSVP by 4:30 p.m. on Friday, July 9, 2021. Members of the press should please call (800) 260-7313; Members of the public should please call (212) 803-3772.
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Press Release

Wednesday, June 30, 2021 - 10:22am
The Leading Online Retailer Specializing in Pre-Owned Ultra-Luxury Women's Accessories Will Invest $4 Million to Launch East Coast Headquarters Empire State Development today announced FASHIONPHILE, based in Carlsbad, California, will invest $4 million to establish an East Coast headquarters in New York City.  The luxury recommerce company will lease over 60,000 square feet on the fourth floor of RXR Realty’s Starrett-Lehigh Building in West Chelsea and has signed a 10-year-lease to expand its operations beginning in 2022.   Empire State Development Acting Commissioner and President & CEO-Designate Eric Gertler said, "FASHIONPHILE's decision to establish its East Coast Headquarters in New York City is further validation of the importance of building your business in New York State and demonstrates that this is a great environment for next generation companies looking to recruit talent and grow in a post-covid world. E-commerce is one of the many engines supporting the state's economic recovery, helping us to build back better and smarter, and we look forward to witnessing FASHIONPHILE's growth and success in the Empire State." “Over the past two decades, FASHIONPHILE has grown to become a truly bicoastal company, and we are thrilled to finally open an office in the heart of New York City,” said Ben Hemminger, CEO of FASHIONPHILE. “We are proud to be part of the city's recovery efforts and are grateful to the State of New York and Empire State Development for creating the incentives we needed to make this exciting expansion happen for our company." FASHIONPHILE, known for its extensive inventory of pre-owned, ultra-luxury designer handbags, jewelry and accessories, is a leading luxury e-commerce company and is ranked as one of the top ten searched fashion brands.   Empire State Development has offered FASHIONPHILE $3.5 million in performance-based Excelsior Jobs Program tax credits over the next ten years in exchange for the company’s job creation commitment of 148 new, high-paying jobs. The project is expected to be complete by the end of 2025.  This expansion marks FASHIONPHILE’s first corporate presence in New York City and follows the opening of their Madison Avenue showroom in 2018. In addition to the company’s existing headquarters in Carlsbad, California — which includes a 30,000-square-foot showroom and authentication center — FASHIONPHILE currently operates two technology offices in Los Angeles and Provo, Utah, and is the exclusive re-commerce partner of Neiman Marcus. 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.   About FASHIONPHILE Founded in 1999, FASHIONPHILE is the leader in buying and selling ultra-luxury pre-owned handbags and accessories online. The recommerce pioneer ranked as one of the most searched fashion brands on Google in 2018 and is known for its never-ending inventory of the most coveted handbags, a direct buyout model, and best-in-class authentication. Contact: Kristin Devoe | [email protected] | (518) 414-1087 ESD Press Office | [email protected] | (800) 260-7313
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Report

Tuesday, June 29, 2021 - 5:07pm
This report summarizes the operations and accomplishments of New York State’s Life Science Initiative for 2020. The report provides background on the Initiative, summarizes the $520 million in planned State investment, describes life science projects that have already been initiated and lists other information with respect to the operations and accomplishments of the Life Science Initiative.  Life Science Initiative Annual Report - 2020 
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Press Release

Monday, June 28, 2021 - 11:24am
The Finger Lakes Regional Economic Development Council (FLREDC) today held a virtual public meeting to discuss its continued efforts to support and reimagine transformative projects aimed at harnessing and maximizing the region’s future. Additionally, the council today welcomed two new members to the council that is tasked with implementing a focused, strategic plan that reflects the Finger Lakes region’s efforts to ensure sustainable and long-term growth in the nine-county region. DeAnna Burt-Nanna, President, Monroe Community College and Faheem Masood, President and CEO, ESL Federal Credit Union will replace Lisa Barnes and longtime member Augie Melendez, Chief Human Resources and Diversity Officer at Hillside Family of Agencies, on the council. The FLREDC is working to leverage the region’s advantages in key industry sectors, including agriculture and food production, healthcare and life sciences, optics, photonics and imaging, tourism, arts and skills and talent development. The FLREDC represents a nine-county region composed of Genesee, Livingston, Monroe, Ontario, Orleans, Seneca, Wayne, Wyoming and Yates counties. FLREDC Co-Chairs, Greater Rochester Chamber of Commerce President & CEO Bob Duffy and SUNY Geneseo President Denise Battles said, "We want to thank Lisa and Augie for their tireless efforts in assisting with our mission.  Augie has been with us since the beginning, dedicating himself to our mission and working tirelessly to improve the economic outlook of the Finger Lakes region. Lisa’s expertise in regional business and economic development has served our community well during her tenure. Their contributions and impact on this community cannot be overstated. While we are saying goodbye to two great leaders, we are excited to welcome Dr. DeAnna Burt-Nanna and Faheem Masood to the Council. Together, we will continue to work toward our mission of ensuring a strong and prosperous future for our region. We remain steadfast in our commitment to move the Finger Lakes forward and are lucky to have them with us in that effort." In May of 2021, Governor Cuomo launched Round XI of the Regional Economic Development Council initiative, officially kicking off a new decade of economic development in a post-pandemic recovery. The 2021 funding round includes more than $750 million in state economic development resources. The Regional Councils will identify and recommend priority projects that will be eligible for up to $150 million in capital funds on a rolling basis, meaning projects will be reviewed throughout the round. An emphasis will be placed on project readiness and alignment with each region's strategic plan. Additionally, projects within each region will also be eligible for a share of $75 million in Excelsior Tax Credits to help attract and grow business in the region. Projects from all 10 regions submitted through the CFA will be eligible for over $525 million in other state agency funds, which are available on a set timeline. Regional Economic Development Councils will review these projects and provide scores that reflect how well a project aligns with a region's goals and strategies. Over the past 10 years, the Regional Economic Development Councils have revitalized the state's economy from the ground up through a community-based and performance-driven approach to economic development. To date, the Finger Lakes REDC has received $721 million for 950 projects. The 2021 REDC Guidebook and list of available resources is accessible here. The CFA - available here - deadline for applications is Friday, July 30 at 4 p.m.  DeAnna Burt-Nanna, President, Monroe Community College said, “I’m excited to join the Finger Lakes Regional Economic Development Council to realize a vision that will bring our economy back quickly and energize those who love to live, work and learn here. A highly motivated and educated workforce will make all the difference and MCC is ready to do its part.”  Faheem Masood, President and CEO, ESL Federal Credit Union said, “It is an honor to represent ESL and serve on the Finger Lakes Region Economic Development Council. The work conducted by this council in partnership with Empire State Development continues to be vital to the progress and resiliency of our regional economy. I look forward to collaborating with my fellow councilmembers in our collective efforts to develop a more prosperous Finger Lakes region.” 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 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. Contact: Shari Voorhees-Vincent | [email protected] | (585)399-7055 ESD Press Office | [email protected] | (800) 260-7313
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Report

Friday, June 25, 2021 - 4:02pm
Empire State Development oversees administration of the film production and post-production tax credits. This report reflects program activity during this quarter. The information presented includes projected spending, hires, and estimated credits for film and post-production projects deemed eligible to participate in the program, and, pursuant to new reporting requirements, actual spending, hires and credits issued to projects that have been completed and audited. 1. 03/31/2021: Film Tax Credit - Quarterly Report, Calendar Year 2021: 1st Quarter2. 06/30/2021: Film Tax Credit - Quarterly Report, Calendar Year 2021: 2nd Quarter 
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Report

Friday, June 25, 2021 - 4:00pm
The New York Manufacturing Extension Partnership (NY MEP) is a network of organizations that provide growth and innovation services to small and mid-sized manufacturers in every corner of the state to help them create and retain jobs, increase profits, and save time and money. New York Manufacturing Extension Partnership 2020 Report
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Report

Friday, June 25, 2021 - 3:12pm
Empire State Development’s Division of Science, Technology & Innovation (NYSTAR) manages the Centers of Excellence program with a goal of fostering collaboration between the academic research community and business sector to: develop and commercialize new products and technologies; to promote critical private sector investment in emerging high-technology fields in New York State; and to create and expand technology-related businesses and employment. Centers of Excellence Report (FY 2018-2019)
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Report

Friday, June 25, 2021 - 3:09pm
The Linked Deposit Program (LDP) was created to encourage and assist New York State manufacturers and small businesses to undertake investments that improve performance and competitiveness, leading to a stronger economy for New York State.  Linked Deposit 2020 Annual Report
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