Empire State Development news and press releases

See all the official press releases from Empire State Development.

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Public Notice

Tuesday, January 7, 2020 - 11:00am
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Public Notice

Tuesday, January 7, 2020 - 10:00am
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Press Release

Monday, January 6, 2020 - 3:57pm
"Transportation drives economic development, and continuously modernizing our transit system is critical for New York to maintain its competitive edge. Nowhere is this more clear than at Penn Station, which is the Western Hemisphere's busiest -- yet arguably most outdated -- transportation hub.  “It is no secret that New York outgrew Penn Station long ago, and Governor Cuomo has already advanced visionary projects to improve Penn Station that other leaders only talked about — like Moynihan Train Hall. Today, the Governor took those efforts a step further. This bold plan will expand the number of train tracks available at Penn Station for the first time ever, while further improving the passenger experience, enhancing commuter safety, and transforming the underutilized area around Penn Station into a 21st century business-transit district. "When combined with the soon-to-be-complete Moynihan Train Hall, the rehabilitated and expanded Penn Station will create the interconnected, modern station complex that New Yorkers deserve. Without a doubt, this project will create jobs, boost our economy, and improve our transit system -- and it will soon join the new Kosciuszko Bridge, the re-imagined JFK and LaGuardia Airports, and the Second Avenue Subway as another example of Governor Cuomo’s success in building the new New York of the 21st century." Contact: Jack Sterne | [email protected] | (212) 803-3764 ESD Press Office | [email protected] | (800) 260-7313
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Public Notice

Monday, January 6, 2020 - 3:30pm
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Press Release

Monday, January 6, 2020 - 10:00am
Canalside Project Will Include Residences, Restaurants, Shops, Parking and Public Piazza  Meeting To Hear Final Comment On The Governor's Announced Development Plans Will Be Held On January 22  See Proposed Renderings Here Governor Andrew M. Cuomo today announced the 28th proposal of his 2020 State of the State agenda - transforming Buffalo's North Aud Block at Canalside based on community and stakeholder input. The concept would incorporate elements of the district's historic character, while creating a vibrant mix of residences, restaurants and shops, as well as added parking. The plan is based on an interpretation of the historic street pattern that once extended through the block from the Erie Canal.  The "streets" will be pedestrian paths and include an open piazza. In August 2018, Governor Cuomo announced $10 million in funding to transform the North Aud Block, the State's final remaining parcel to be developed at Canalside. See concept renderings and a map of property here.  "With the State's investment and community support, Canalside has quickly become a top destination, with demand for private investment on the rise and young people coming back," Governor Cuomo said. "The Buffalo success story enters the next chapter with the transformation of the North Aud Block, and this design concept fuses the site's historic past with a design for the 21st century. Combined with our other strategic investments in the region, this project will help ensure all the arrows continue pointing in the right direction in Buffalo and beyond." Read the full press release here.
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Press Release

Monday, January 6, 2020 - 12:04am
Seven New York State-based Productions Win Nine Awards Productions Generated an Estimated $285 Million in New York Spending and More Than 13,300 New Hires in the State  Empire State Development (ESD) tonight congratulated seven New York-based productions that won nine awards during the 2020 77th Annual Golden Globe Awards. The productions generated an estimated $285 million in New York spending and created over 13,300 hires across the state. The winning productions participated in the New York State Film Tax Credit Program. Launched in 2004, the program has incentivized more than $35 billion in economic investment across the state and continues to be the principal factor cited by productions when deciding to film and produce in New York. “Congratulations to the 2020 New York-based Golden Globe winners on their achievements and creative contributions to the industry this year,” said Empire State Development Acting Commissioner and President & CEO-designate Eric Gertler. “Their work reflects the Empire State’s thriving entertainment industry that is generating billions in spending, hundreds of thousands of new hires and creating opportunity not just for film and television productions but for all New Yorkers.” In 2019, 201 film and television projects applied for the New York State Film Tax Credit Program, generating an estimated 254,400 new hires and $4.8 billion in new spending for New York. The budget allocation, $420 million per year through 2024, has led to significant growth, fostered multi-year productions, and seen investments in production infrastructure. New York's film incentive program offers the nation’s most stable and successful production and post-production tax credits. The New York State Governor's Office of Motion Picture & Television Development (MPTV) promotes film, television and commercial production and post-production tax credits for qualified expenditures in New York State. MPTV helps productions navigate the industry landscape, serving as a liaison between production companies and city and local governments, state agencies, a network of statewide contacts, local film offices and professional location scouts and managers. The state also offers unparalleled locations, talent and world-class production and post-production facilities. More than 300 soundstages in over 117 Qualified Production Facilities (QPFs) are located throughout the state and can be used in conjunction New York is home to one of the largest and most experienced pools of talent and crew anywhere in the country. A complete list of the 2020 Golden Globe Award Winners who participated in the New York Film Tax Credit Program is available below. Best Performance by an Actor in a Limited Series or Motion Picture Made for Television Russell Crowe (“The Loudest Voice”) Best Performance by an Actress in a Limited Series or Motion Picture Made for Television Michelle Williams (“Fosse/Verdon”) Best Original Score – Motion Picture Hildur Guðnadóttir (“Joker”) Best Performance by an Actor in a Television Series – Musical or Comedy Ramy Youssef (“Ramy”) Best Performance by an Actor in a Television Series – Drama Brian Cox (“Succession”) Best Actress in a Supporting Role in Any Motion Picture Laura Dern (“Marriage Story”) * Best Actor in a Motion Picture – Drama Joaquin Phoenix (“Joker”) Best Actress in a Motion Picture – Musical or Comedy Awkwafina (“The Farewell”) * Best Television Series – Drama “Succession” (HBO) * Participated in the New York State Post-Production Credit program.  Contact: Adam Kilduff | [email protected] | (212) 803-3744 ESD Press Office | [email protected] | (800) 260-7313
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Report

Friday, January 3, 2020 - 4:14pm
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Report

Friday, January 3, 2020 - 4:13pm
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Report

Friday, December 27, 2019 - 2:18pm
Empire State Development oversees administration of the film production and post-production tax credits. These reports reflect program activity during the first and second quarters of 2019. 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. 03/31/2019: Film Tax Credit - Quarterly Report, Calendar Year 2019: 1st Quarter  2. 06/30/2019: Film Tax Credit - Quarterly Report, Calendar Year 2019: 2nd Quarter
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Report

Thursday, December 26, 2019 - 4:33pm
This report details the performance of ESD' s economic development activities related to job growth and retention on an annual basis. The report shows the amount of financial assistance, the level of job commitment and whether each company met those goals. It also offers a window into how different regions and industries are faring each year. ESD 2018 Annual Jobs Report
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