Empire State Development public notices
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Press Release
Tuesday, March 7, 2023 - 3:03pm
On Tuesday, Crain's New York Business published commentary by Empire State Development President, CEO & Commissioner Hope Knight about Governor Kathy Hochul’s Executive Budget commitment to rebuilding New York State’s film industry and the enormous potential and impact for the state’s economy.
Text of the commentary is available below and can be viewed online here.
What do Succession, Poker Face and A Quiet Place I and II have in common? They were all filmed in New York. For years, we’ve brought silver-screen blockbusters and small-screen hits to our state, drawing in film crews, creating thousands of good-paying jobs and generating billions of dollars in economic investment statewide.
But as nearby states upped their incentives to give their film industries a boost, New York has failed to keep up. A Quiet Place: Day One is now filming in London. After extensively scouting New York state, White Noise chose to film in Cleveland. Even Wu-Tang: An American Saga, which is set in New York, is being filmed on the other side of the Hudson. Without adequate industry support, we’re leaving major private investment and thousands of union jobs on the table.
Thankfully, Gov. Kathy Hochul has proposed an overhaul of New York’s Film Tax Credit Program as part of her executive budget to rebuild our film industry and reposition our state as the Hollywood of the East. The changes, which include increasing the annual cap, making more costs eligible for the credit and encouraging television series to relocate here, will have an enormous impact on building the state’s economy.
The film industry is one of our state’s major economic drivers. In 2019 and 2020 the film industry generated more than $20 billion in spending and created 57,300 direct jobs, including production workers, caterers, hospitality workers and other union jobs. These jobs are available to a wide range of New Yorkers—44% of jobs are available to New Yorkers without a four-year degree—and pay $90,000 per year on average. Investment in this industry is an investment in our state’s economic health and good, middle-class union jobs.
At the same time, other states have made their programs even more generous. New Jersey, for instance, increased its tax credit to cover 39% of allowable costs and added new coverage for directors, actors, writers and conductors. This led to booming sound stage construction, major studio partnerships and, in turn, a windfall of private dollars in its state coffers.
New York’s Film Tax Credit is a sound, strategic investment that’s paying dividends. The state received nearly four dollars for every dollar in tax credits it provided for the pilot of New Amsterdam; Spike Lee’s Da 5 Bloods brought in more than five dollars for every dollar in state incentives. And when Season 6 of Power filmed in New York, it created more than 6,000 jobs and the state saw a nearly $90 million return on its investment. Overall, according to the last independent audit, every public dollar that New York issues in film tax credits generates nine dollars in return in economic activity.
This translates into a positive impact on the state as a whole and on individual communities. I saw this firsthand when I welcomed the filming of Power to Southeast Queens during my time as president of the Greater Jamaica Development Corp. The ripple effect for small businesses—bodegas, neighborhood restaurants and local stores—created a boon for the entire community. And with film studios dotting the state from Buffalo to Syracuse to Woodstock, each of these cities stands to gain from bringing in these projects.
Expanding the Film Tax Credit will only bring more exciting projects to our state, deepen the industry’s investment in our local and state economies, and spread the community benefits further. New York’s film industry is ready for a change, and with the governor’s leadership and the help of our partners in the Legislature, we will unlock the state’s potential to become the next regional and nationwide film capital.
Hope Knight is Empire State Development's President, CEO and Commissioner.
Contact:
ESD Press Office | [email protected] | (800) 260-7313
Board Meeting
Tuesday, March 7, 2023 - 11:00am
The meeting will be streamed and available by clicking the link below.
Attendees are asked to RSVP by 12:00 p.m. on Monday, March 6.
RSVP press line (800) 260-7313; RSVP public line (518) 292-5105.
Press Release
Friday, March 3, 2023 - 2:15pm
Village of Coxsackie to Receive $4.5 Million; Villages of Kinderhook and Cambridge 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 Coxsackie will receive $4.5 million, and the Villages of Kinderhook and Cambridge will each receive $2.25 million in funding as the Capital 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 a revitalization plan for their downtowns.
"New York's small towns are huge drivers of our state's economy - that's why we're investing in local communities to give residents the jobs, the tools, and the infrastructure they need to thrive," Governor Hochul said. "These investments will help the Villages of Coxsackie, Kinderhook, and Cambridge re-imagine their downtowns, enhance quality of life for residents and visitors, and create new job and business opportunities across the Capital Region."
NY Forward is a central component of the State's economic development efforts, working together with 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.
Like DRI, each NY Forward community will develop a Strategic Investment Plan to revitalize its downtown through a slate of readily implementable projects. The Department of State will provide enhanced technical assistance to better support smaller communities that may have less capacity as part of the NY Forward program and fund projects appropriately scaled to the size of each community. Projects may include building renovation and redevelopment, new construction or creation of new or improved public spaces and other projects that elevate specific cultural, historical qualities that enhance the feeling of small-town charm.
Read the full press release here.
Press Release
Friday, March 3, 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 Downtown Cohoes
Traducción al español
Governor Kathy Hochul today announced that the City of Cohoes will receive $10 million in funding as the Capital Region winner of the sixth round of the Downtown Revitalization Initiative. For the Downtown Revitalization Initiative 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.
"By investing in Cohoes' downtown, we are ensuring the prosperity of this beautiful and welcoming community that residents and visitors have long enjoyed," Governor Hochul said. "This funding will ensure that all of Cohoes, from its stunning waterfalls to lively downtown, can be a place where residents work, play, and thrive for generations to come."
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 oer 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.
Press Release
Thursday, March 2, 2023 - 5:02pm
Village of Cooperstown to Receive $4.5 Million; Villages of Sharon Springs and Dolgeville 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 Cooperstown will receive $4.5 million, and the Villages of Sharon Springs and Dolgeville will each receive $2.25 million in funding as the Mohawk Valley 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 a revitalization plan for their downtowns.
"Ensuring small towns and cities have the resources they need to thrive is critical to New York's economic resurgence," Governor Hochul said. "These investments will help the Village of Cooperstown, Sharon Springs, and Dolgeville develop their downtowns, improve the quality of life for residents and visitors, and create new jobs and attract businesses to expand economic opportunity across the region."
NY Forward is a central component of the State's economic development efforts, working together with 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.
Like DRI, each NY Forward community will develop a Strategic Investment Plan to revitalize its downtown through a slate of readily implementable projects. The Department of State will provide enhanced technical assistance to better support smaller communities that may have less capacity as part of the NY Forward program and fund projects appropriately scaled to the size of each community. Projects may include building renovation and redevelopment, new construction or creation of new or improved public spaces and other projects that elevate specific cultural, historical qualities that enhance the feeling of small-town charm.
Read the full press release here.
Press Release
Thursday, March 2, 2023 - 5:00pm
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 Downtown Kirkland and Clinton
Governor Kathy Hochul today announced that the Town of Kirkland and the Village of Clinton will jointly receive $10 million in funding as the Mohawk Valley winner of the sixth round of the Downtown Revitalization Initiative. For DRI Round 6, each of the state's 10 economic development regions will be 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 allows communities across New York to execute their vision to transform and improve their downtowns for residents and visitors alike," Governor Hochul said. "With this funding, Kirkland and Clinton will be able to increase their housing supply and modernize their infrastructure while enhancing the historical character of the downtown area."
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.
Press Release
Thursday, March 2, 2023 - 4:57pm
Fourteen Projects Across the State Will Leverage More Than $6.3 Million in Public/Private Funding to Support More Than 3,700 Trainees for Over 100 Business Partners
Governor Kathy Hochul today announced the New York State Office of Strategic Workforce Development has awarded more than $7 million in grants to fourteen projects across the state through the second round of the Workforce Development Capital and Pay for Performance Grant Programs. These grants will support the training of more than 3,700 workers through collaboration between training providers and more than 100 employer partners in fields like advanced manufacturing, renewable energy, and construction. The Office, which operates under Empire State Development, is charged with supporting workforce development programs and practices to ensure New Yorkers are prepared to meet the needs and priorities of today's employers.
"The most important investment we can make is in the people of New York," Governor Hochul said. "Our new Office of Strategic Workforce Development will support the needs of New York's businesses while providing resources to training programs that are removing long-standing barriers to the training and skills necessary to thrive in the workforce of the future."
The first round of awards for the Office of Strategic Workforce Development which was announced late last year, awarded more than $6 million and will leverage more than $4 million in public/private funding and support nearly 3,000 trainees for over 100 business partners.
The grants awarded to fourteen projects today will support employer-driven, high-skilled workforce training programs and reward innovative approaches and best practices that reduce the barriers to participation for high-need communities. The $35 million Capital Grant Program will support the capital needs of workforce training providers that seek to enhance or expand their offerings. The $115 million Pay for Performance Grant Program has two funding tracks: Flexible Operating Grants that help providers cover programmatic expenses like curriculum development and wraparound services to prepare New Yorkers with in-demand skills and industry-recognized credentials; and Capacity-Building Awards, a data- and metrics-driven approach to scale up proven workforce training programs actively placing graduates in good jobs. Using achievement-based awards, workforce training providers will receive funding to expand the capacity of successful programs with high placement rates and effective wraparound services.
Empire State Development President, CEO and Commissioner Hope Knight said, "Our Office of Strategic Workforce Development is making smart and strategic investments in programs that will provide New York State's workforce with the tools they need to succeed in an ever-changing business climate. By focusing on in demand skills and trades that are needed today as well as tomorrow, we are providing essential building blocks that are needed now and for future generations. "
Read the full press release here.
Report
Wednesday, March 1, 2023 - 1:14pm
Empire State Development oversees administration of the Empire State Musical and Theatrical Tax Credit Program, which is designed to encourage music and theatrical production companies to conduct pre-tour activities, technical rehearsals and to perform shows at locations in Upstate New York, home to some of the premier regional venues for musical and theatrical production. This report reflects activity during calendar year 2022. The information presented includes the number of productions that applied and projected spending and estimated credits for qualified production projects deemed eligible to participate in the Program.
Musical and Theatrical Tax Credit Program: 2022
Press Release
Monday, February 27, 2023 - 4:00pm
Budget Includes $211 Million for Department of Transportation Capital Projects; $113 Million for Local Road and Pothole Repairs
Includes $100 Million Investment to Help University at Buffalo Significantly Increase its Research Activity by 2030
Traducción al español
Governor Kathy Hochul today announced details of key proposals from her Fiscal Year 2024 Executive Budget to grow jobs and boost the economy in Western New York. In line with the 2023 State of the State, the budget includes a major investment to increase housing supply and expand economic opportunity and innovation in the region.
"As a Buffalo native, I am proud to say that brighter days are ahead for Western New York," Governor Hochul said. "Through these critical investments in housing, education, and infrastructure, I'm committed to securing a budget that delivers for the region. Together, we will make Western New York more prosperous, more affordable, more livable and safer for the next generation of New Yorkers."
Several of the budget proposals Governor Hochul announced today are in line with the Economic Innovation Plan announced in the 2023 State of the State to grow jobs and businesses by expanding economic opportunity and innovation across New York State through targeted investments, business support and other programming aimed at high-growth industries. The Governor's budget includes several initiatives to invest in higher education and improve local attractions across the state.
Read the full press release here.