Empire State Development news and press releases

See all the official press releases from Empire State Development.

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Press Release

Friday, March 15, 2019 - 5:06pm
Governor Andrew M. Cuomo today announced that AML RightSource, a leading firm in anti-money laundering, Bank Secrecy Act and financial crimes compliance has officially opened a new office in Buffalo. The 11,000 square foot space in the Larkin Center of Commerce will be the company's fourth office, with plans to hire up to 100 service employees to support the addition of new clients. "The City of Buffalo is on the move and Western New York is welcoming more new businesses than ever, bringing good paying jobs and exponential growth to the area," Governor Cuomo said. "Through strategic partnerships with companies like AML RightSource, New York will continue to attract businesses from near and far to develop and expand across the state." "Western New York's high-quality workforce and growing reputation as a hotspot for tech innovation is the perfect recipe for AML RightSource to expand into the City of Buffalo," said Lieutenant Governor Kathy Hochul, who made today's announcement. "This significant investment and creation of 100 new jobs will continue to grow the regional economy. For far too long this area witnessed businesses close, young people leave, and jobs disappear. Today, we have seen a transformation that continues to bring new companies and more jobs to the area." Read the full press release here. 
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Public Notice

Friday, March 15, 2019 - 1:30pm
Peconic Crossing Capital Project
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Public Notice

Friday, March 15, 2019 - 1:00pm
Town of Sherburne-Sherburne Inn Restore V Capital Project
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Press Release

Thursday, March 14, 2019 - 4:03pm
Governor Andrew M. Cuomo today announced the grand opening of the approximately 925,000-square-foot Frankfort distribution center for Tractor Supply Company, the country's largest rural lifestyle retailer, in the Town of Frankfort in Herkimer County. This new location will help service the growing needs of the company's stores throughout the Northeast, as well as their online customers. The construction of this project is the largest economic development project in 30 years in Herkimer County. "From day one of this administration we have made significant strategic investments upstate to create good jobs and bolster the economy, and the grand opening of this distribution center in Herkimer County demonstrates once again that New York State is open for business," Governor Cuomo said. "We are proud to invest in companies that invest in New York and Tractor Supply Company's new facility will generate hundreds of jobs and move the Mohawk Valley's economy forward." "The Tractor Supply Company's distribution center in Herkimer County is a significant investment in the area creating hundreds of jobs," said Lieutenant Governor Kathy Hochul. "The company's new location enables the country's largest rural lifestyle retailer to continue to grow and service their online customers. The construction of this project is a gamechanger for Herkimer County, creating new opportunities and strengthening the economy of the entire Mohawk Valley region." Read the full press release here. 
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Public Notice

Thursday, March 14, 2019 - 3:00pm
Cold Spring Neuroscience Research Complex Capital Project
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Public Notice

Thursday, March 14, 2019 - 9:00am
NYS Lake Ontario Small Business Recovery Fund
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Press Release

Tuesday, March 12, 2019 - 8:25pm
Governor Andrew M. Cuomo today announced the $50 million East Side Corridor Economic Development Fund, an initiative to spark revitalization of Buffalo's East Side through investments in the four main commercial corridors: Michigan, Jefferson, Fillmore, and Bailey avenues. Funding will help to revive traditional main streets and commercial corridors through the preservation of historic buildings, funding of capital improvements in neighborhood assets, expansion of commercial opportunities, improvements to infrastructure, as well as the promotion of mixed-use private investment in these neighborhoods. The fund compliments previous investments on the East Side of $10 million for the Neighborhood Stabilization Initiative and $5 million for the Buffalo Central Terminal, for a total of $65 million in investments since 2017. "Commercial corridors like Buffalo's East Side play a significant role in the vitality, livability and character of our cities," Governor Cuomo said. "In recent years we've made significant investments to build a new Buffalo including workforce training, and today we're announcing another $50 million in the East Side to build on those assets and ensure all the arrows continue to point in the right direction." "With this significant investment in Buffalo's East Side, we are continuing our commitment to ensure that every neighborhood takes part in the economic recovery happening across Western New York," said Lieutenant Governor Kathy Hochul. "For decades, we witnessed jobs and businesses disappear and East Side residents lose hope. I have seen firsthand how we are rebuilding that hope with projects like the Northland Workforce Training Center, which is providing new opportunities for good paying jobs. We are taking the next steps by allocating even more resources to strengthen neighborhoods, improve infrastructure, and build a better future." Read the full press release here. 
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Board Meeting

Tuesday, March 12, 2019 - 1:00pm
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