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Press Release

Tuesday, October 2, 2018 - 12:41pm
The Capital Region Economic Development Council (CREDC) today announced it recently submitted its 2018 Progress Report – entitled Capital Region CREATES – to New York State to meet the October 1 deadline. The progress report details the council’s achievements in implementing its strategic plan and reflects the Capital Region's progress on efforts to ensure sustainable and long-term growth in the eight-county region and to leverage the region’s advantages in key industry sectors, including high-tech manufacturing, life sciences and the creative economy. In furtherance of these goals, strategies and initiatives, the report recommends 22 priority projects to advance the region’s growth objectives. These projects represent a total proposed state investment of at least $36 million, leveraging $182 million in private and other funding for total project expenses of more than $218 million. Collectively, these priority projects would support the creation of 665 new jobs, 1,115 indirect jobs, the retention of 1,462 existing jobs. Detailed information about the CREDC’s 2018 endorsed priority projects is available in the progress report at www.regionalcouncils.ny.gov/capital-region. Ruth Mahoney, CREDC Co-Chair and KeyBank Market President, said, "The progress report provides both a detail of the region's projects and a snapshot of our economic performance. It shows that we are a region of growth, innovation and cultural richness, and it shows how the projects supported by the CREDC are impacting the full range of our communities--from our largest urban centers to rural agricultural districts. The projects detailed for 2018 will not only support job growth and economic opportunity, but they will also reinforce and strengthen the Capital Region's reputation a great place to live, work, learn, and play." Dr. Havidán Rodríguez, CREDC Co-Chair and University at Albany President, said, "This year’s proposed projects will build on past success to support further economic growth across the region. With mixed-use development in underserved areas, investments in sustainable infrastructure, and targeted workforce development proposals, these priority projects will continue the Council’s track record of investments that catalyze a better way of life in communities across the eight counties of our region." Round VIII of the REDC initiative will award more than $750 million in state funding and tax incentives, including up to $150 million in capital grants and up to $75 million in Excelsior Tax Credits for projects and activities identified by the Councils as regional priorities in their communities. Additionally, over $525 million from state agency programs will be awarded through the CFA process.  Funding awards will be announced by the end of the year. The REDC process has transformed New York State government’s approach economic development, creating a statewide framework for bottom-up, regional economic growth and streamlining the state funding application process.  Since 2011, the first year of the initiative, over $5.4 billion has been awarded to more than 6,300 projects that are projected to create and retain more than 220,000 jobs statewide. 2018 REDC Competition In 2018, all 10 REDCs will be competing for a designation as a Top Performer. Five Top Performers will be selected and will receive up to $20 million in Empire State Development Capital Grant funding, with the remaining five regions receiving up to $10 million in Empire State Development Capital Grant funding.  Each region will also receive $10 million to implement projects identified through the Downtown Revitalization Initiative, and projects from all 10 regions submitted through the CFA will be eligible for over $525 million in other state agency funds. About the Consolidated Funding Application As part of Governor Cuomo’s efforts to improve the state’s economic development model, a NYS Consolidated Funding Application (CFA) was created to streamline and expedite the grant application process. The CFA process marks a fundamental shift in the way state resources are allocated, ensuring less bureaucracy and greater efficiency to fulfill local economic development needs. The CFA serves as the single entry point for access to economic development funding, ensuring applicants no longer have to slowly navigate multiple agencies and sources without any mechanism for coordination. Now, economic development projects use the CFA as a support mechanism to access multiple state funding sources through one application, making the process quicker, easier, and more productive. To access the CFA, please visit https://apps.cio.ny.gov/apps/cfa/. About the Regional Economic Development Councils The Regional Economic Development Council (REDC) initiative is a key component of Governor Cuomo's approach to State investment and economic development. In 2011, Governor Cuomo established 10 Regional Councils to develop long-term strategic plans for economic growth for their regions. The Councils are public-private partnerships made up of local experts and stakeholders from business, academia, local government, and non-governmental organizations. The Regional Councils have redefined the way New York invests in jobs and economic growth by putting in place a community-based, bottom up approach and establishing a competitive process for State resources.  After seven rounds of the REDC process, over $5.4 billion has been awarded to job creation and community development projects consistent with each region’s strategic plans, projecting to create and retain more than 220,000 jobs. For more information on the Regional Councils, visit www.regionalcouncils.ny.gov.     Contact: Adam Ostrowski (ESD) | adam.ostrowski@esd.ny.gov | (518) 292-5148 | (800) 260-7313 ESD Press Office | PressOffice@esd.ny.gov | (800) 260-7313
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Press Release

Tuesday, October 2, 2018 - 12:39pm
The North Country Regional Economic Development Council (NCREDC) today announced it recently submitted its 2018 Progress Report – entitled Nc 8 – to New York State to meet the October 1 deadline. The progress report details the council’s achievements in implementing its strategic plan and reflects the North Country's progress on efforts to ensure sustainable and long-term growth in the seven-county region and to leverage the region’s advantages in key industry sectors, including tourism, manufacturing and clean energy. In furtherance of these goals, strategies and initiatives, the report recommends 17 priority projects to advance the region’s growth objectives. These projects represent a total proposed state investment of at least $20 million, leveraging more than $153.8 million in private and other funding for total project expenses of more than $173.8 million. Collectively, these priority projects would support the creation of 212 new jobs, 762 indirect jobs, the retention of 1,118 existing jobs, and leverage a return on investment of 8.7 to 1. Detailed information about the NCREDC’s 2018 endorsed priority projects is available in the progress report at http://www.regionalcouncils.ny.gov/north-country. Garry Douglas, President of the North Country Chamber of Commerce and NCREDC co-chair, said, "We are able to report continued strong progress in the implementation of our projects and strategies, and we once again have strong projects from throughout the region. Each year has built upon prior accomplishments and this year we look to take our success to yet another level. We thank Governor Cuomo and our state legislators for the trust they have placed in us and we promise the best is still to come!" Anthony G. Collins, President of Clarkson University and NCREDC co-chair, said, "The North Country REDC Progress Report and the projects highlighted reflect the broad public participation and private-public partnerships we have developed across the seven-county region under the Governor’s approach to economic development. Together we are creating the road map for the economic renaissance of small cities and rural communities." Round VIII of the REDC initiative will award more than $750 million in state funding and tax incentives, including up to $150 million in capital grants and up to $75 million in Excelsior Tax Credits for projects and activities identified by the Councils as regional priorities in their communities. Additionally, over $525 million from state agency programs will be awarded through the CFA process.  Funding awards will be announced by the end of the year. The REDC process has transformed New York State government’s approach economic development, creating a statewide framework for bottom-up, regional economic growth and streamlining the state funding application process. Since 2011, the first year of the initiative, over $5.4 billion has been awarded to more than 6,300 projects that are projected to create and retain more than 220,000 jobs statewide. 2018 REDC Competition In 2018, all 10 REDCs will be competing for a designation as a Top Performer. Five Top Performers will be selected and will receive up to $20 million in Empire State Development Capital Grant funding, with the remaining five regions receiving up to $10 million in Empire State Development Capital Grant funding.  Each region will also receive $10 million to implement projects identified through the Downtown Revitalization Initiative, and projects from all 10 regions submitted through the CFA will be eligible for over $525 million in other state agency funds. About the Consolidated Funding Application As part of Governor Cuomo’s efforts to improve the state’s economic development model, a NYS Consolidated Funding Application (CFA) was created to streamline and expedite the grant application process. The CFA process marks a fundamental shift in the way state resources are allocated, ensuring less bureaucracy and greater efficiency to fulfill local economic development needs. The CFA serves as the single entry point for access to economic development funding, ensuring applicants no longer have to slowly navigate multiple agencies and sources without any mechanism for coordination. Now, economic development projects use the CFA as a support mechanism to access multiple state funding sources through one application, making the process quicker, easier, and more productive. To access the CFA, please visit https://apps.cio.ny.gov/apps/cfa/. About the Regional Economic Development Councils The Regional Economic Development Council (REDC) initiative is a key component of Governor Cuomo's approach to State investment and economic development. In 2011, Governor Cuomo established 10 Regional Councils to develop long-term strategic plans for economic growth for their regions. The Councils are public-private partnerships made up of local experts and stakeholders from business, academia, local government, and non-governmental organizations. The Regional Councils have redefined the way New York invests in jobs and economic growth by putting in place a community-based, bottom up approach and establishing a competitive process for State resources.  After seven rounds of the REDC process, over $5.4 billion has been awarded to job creation and community development projects consistent with each region’s strategic plans, projecting to create and retain more than 220,000 jobs. For more information on the Regional Councils, visit www.regionalcouncils.ny.gov.     Contact: Adam Ostrowski (ESD) | adam.ostrowski@esd.ny.gov | (518) 292-5148 | (800) 260-7313 ESD Press Office | PressOffice@esd.ny.gov | (800) 260-7313
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Press Release

Tuesday, October 2, 2018 - 12:36pm
The Mohawk Valley Regional Economic Development Council (MVREDC) today announced it recently submitted its 2018 Progress Report – entitled HOME – to New York State to meet the October 1 deadline. The progress report details the council’s achievements in implementing its strategic plan and reflects the Mohawk Valley's progress on efforts to ensure sustainable and long-term growth in the six-county region and to leverage the region’s advantages in key industry sectors, including advanced manufacturing, tourism and life sciences. In furtherance of these goals, strategies and initiatives, the report recommends 23 priority projects to advance the region’s growth objectives. These projects represent a total proposed state investment of $20 million, leveraging $191.8 million in private and other funding for total project expenses of more than $211.8 million. Collectively, these priority projects would support the creation of 308 new jobs, 593 indirect jobs, the retention of 967existing jobs, and leverage a return on investment of 11 to 1. Detailed information about the MVREDC’s 2018 endorsed priority projects is available in the progress report at https://www.regionalcouncils.ny.gov/mohawk-valley. MVREDC Co-chairs Dr. Dustin Swanger, President of Fulton-Montgomery Community College, and Lawrence T. Gilroy III, President of Gilroy, Kiernan & Gilroy, Inc. said, "This year’s progress report is a testament to the collective efforts of Governor Cuomo, New York State, and the Regional Council to create jobs and support sustainable economic growth across the region. Our place-based investments are attracting young, talented entrepreneurs and supporting our cluster industries, helping to create a region where people want to live, work and play." Round VIII of the REDC initiative will award more than $750 million in state funding and tax incentives, including up to $150 million in capital grants and up to $75 million in Excelsior Tax Credits for projects and activities identified by the Councils as regional priorities in their communities. Additionally, over $525 million from state agency programs will be awarded through the CFA process.  Funding awards will be announced by the end of the year. The REDC process has transformed New York State government’s approach economic development, creating a statewide framework for bottom-up, regional economic growth and streamlining the state funding application process. Since 2011, the first year of the initiative, over $5.4 billion has been awarded to more than 6,300 projects that are projected to create and retain more than 220,000 jobs statewide. 2018 REDC Competition In 2018, all 10 REDCs will be competing for a designation as a Top Performer. Five Top Performers will be selected and will receive up to $20 million in Empire State Development Capital Grant funding, with the remaining five regions receiving up to $10 million in Empire State Development Capital Grant funding.  Each region will also receive $10 million to implement projects identified through the Downtown Revitalization Initiative, and projects from all 10 regions submitted through the CFA will be eligible for over $525 million in other state agency funds. About the Consolidated Funding Application As part of Governor Cuomo’s efforts to improve the state’s economic development model, a NYS Consolidated Funding Application (CFA) was created to streamline and expedite the grant application process. The CFA process marks a fundamental shift in the way state resources are allocated, ensuring less bureaucracy and greater efficiency to fulfill local economic development needs. The CFA serves as the single entry point for access to economic development funding, ensuring applicants no longer have to slowly navigate multiple agencies and sources without any mechanism for coordination. Now, economic development projects use the CFA as a support mechanism to access multiple state funding sources through one application, making the process quicker, easier, and more productive. To access the CFA, please visit https://apps.cio.ny.gov/apps/cfa/. About the Regional Economic Development Councils The Regional Economic Development Council (REDC) initiative is a key component of Governor Cuomo's approach to State investment and economic development. In 2011, Governor Cuomo established 10 Regional Councils to develop long-term strategic plans for economic growth for their regions. The Councils are public-private partnerships made up of local experts and stakeholders from business, academia, local government, and non-governmental organizations. The Regional Councils have redefined the way New York invests in jobs and economic growth by putting in place a community-based, bottom up approach and establishing a competitive process for State resources.  After seven rounds of the REDC process, over $5.4 billion has been awarded to job creation and community development projects consistent with each region’s strategic plans, projecting to create and retain more than 220,000 jobs. For more information on the Regional Councils, visit www.regionalcouncils.ny.gov.     Contact: Jason Conwall (ESD) | jason.conwall@esd.ny.gov | (518) 292-5107 ESD Press Office | PressOffice@esd.ny.gov | (800) 260-7313
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Press Release

Tuesday, October 2, 2018 - 12:33pm
The Finger Lakes Regional Economic Development Council (FLREDC) today announced it has submitted its 2018 Progress Report to the State to meet the October 1 deadline.  The report details the Council’s achievements in implementing its five-year, Finger Lakes Forward strategic plan and reflects progress on efforts to ensure sustainable and long-term growth in the nine-county region and to leverage the region’s advantages in key industry sectors, including optics, photonics and imaging, advanced and next generation manufacturing and agriculture and food production. In furtherance of these goals, strategies and initiatives, the report recommends 23 priority projects to advance the region’s growth objectives. These projects, from Genesee, Livingston, Monroe, Ontario, Seneca, Wayne, and Yates counties, represent a total proposed state investment of at least $20 million, leveraging $151 million in private and other funding for total project expenses of more than $171 million with a return on investment of 9 to 1. Detailed information about the FLREDC’s 2018 endorsed priority projects is available in the progress report at www.regionalcouncils.ny.gov. The report also outlines the region’s strong performance record in implementing its strategies and projects since the first round of Governor Andrew M. Cuomo’s Regional Economic Development Council initiative in 2011. 732 projects in the Finger Lakes region have received awards through the Consolidated Funding Application (CFA) process over the last seven years. These projects represent $ 2.4 billion in total investment, leveraging $300 million in state support by a ratio of more than 8 to 1. Finger Lakes Regional Economic Development Council Co-Chairs Monroe Community College President Anne Kress and Greater Rochester Chamber of Commerce President Bob Duffy said, “The state support we have received over the last seven years has truly facilitated our region’s transformation and has accelerated our momentum in moving the Finger Lakes forward. The enthusiasm and commitment of all council members is certainly evident in the 2018 annual report. We remain united for success, and our results show that we are realizing our shared vision to extend economic opportunities to all of the region’s residents.” Round VIII of the REDC initiative will award more than $750 million in state funding and tax incentives, including up to $150 million in capital grants and up to $75 million in Excelsior Tax Credits for projects and activities identified by the Councils as regional priorities in their communities. Additionally, over $525 million from state agency programs will be awarded through the CFA process.  Funding awards will be announced by the end of the year. By incentivizing the implementation of the strategic plans, the REDCs – composed of leaders from business, educational institutions, local governments, not-for-profit groups and other stakeholders – are further motivated to work together to accomplish the regional vision. The competition emphasizes performance and action to implement strategies, which encourages cooperation among the REDCs and representatives of the community that is critical to achieving successful economic development. The REDC process has transformed New York State government’s approach economic development, creating a statewide framework for bottom-up, regional economic growth and streamlining the state funding application process.  Since 2011, the first year of the initiative, over $5.4 billion has been awarded to more than 6,300 projects that are projected to create and retain more than 220,000 jobs statewide. 2018 REDC Competition In 2018, all 10 REDCs will be competing for a designation as a Top Performer. Five Top Performers will be selected and will receive up to $20 million in Empire State Development Capital Grant funding, with the remaining five regions receiving up to $10 million in Empire State Development Capital Grant funding.  Each region will also receive $10 million to implement projects identified through the Downtown Revitalization Initiative, and projects from all 10 regions submitted through the CFA will be eligible for over $525 million in other state agency funds. About the Consolidated Funding Application As part of Governor Cuomo’s efforts to improve the state’s economic development model, a NYS Consolidated Funding Application (CFA) was created to streamline and expedite the grant application process. The CFA process marks a fundamental shift in the way state resources are allocated, ensuring less bureaucracy and greater efficiency to fulfill local economic development needs. The CFA serves as the single entry point for access to economic development funding, ensuring applicants no longer have to slowly navigate multiple agencies and sources without any mechanism for coordination. Now, economic development projects use the CFA as a support mechanism to access multiple state funding sources through one application, making the process quicker, easier, and more productive. To access the CFA, please visit https://apps.cio.ny.gov/apps/cfa/. About the Regional Economic Development Councils The Regional Economic Development Council (REDC) initiative is a key component of Governor Cuomo's approach to State investment and economic development. In 2011, Governor Cuomo established 10 Regional Councils to develop long-term strategic plans for economic growth for their regions. The Councils are public-private partnerships made up of local experts and stakeholders from business, academia, local government, and non-governmental organizations. The Regional Councils have redefined the way New York invests in jobs and economic growth by putting in place a community-based, bottom up approach and establishing a competitive process for State resources.  After seven rounds of the REDC process, over $5.4 billion has been awarded to job creation and community development projects consistent with each regions’ strategic plans, projecting to create and retain more than 220,000 jobs. For more information on the Regional Councils, visit www.regionalcouncils.ny.gov. 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 $6.1 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. Today, unemployment is down to the lowest levels since before the Great Recession; personal and corporate income taxes are down; and businesses are choosing places like Rochester, Batavia and Canandaigua as a destination to grow and invest in. 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 | Shari.Voorhees-Vincent@esd.ny.gov | (585) 399-7055 Press Office | pressoffice@esd.ny.gov | (800) 260-7313
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Press Release

Tuesday, October 2, 2018 - 12:32pm
The Western New York Regional Economic Development Council (WNYREDC) announced it recently submitted its 2018 Progress Report – entitled 2011-2018 7 Years of Transforming Our Region – to New York State to meet the October 1 deadline.  The progress report details the council’s achievements in implementing its strategic plan and reflects Western New York’s progress on efforts to ensure sustainable and long-term growth in the five-county region and to leverage the region’s advantages in key industry sectors, including advanced manufacturing, agriculture, bi-national logistics, energy, health & life sciences, higher education, professional services and tourism. In furtherance of these goals, strategies and initiatives, the report recommends 16 priority projects to advance the region’s growth objectives. These projects, from Allegany, Cattaraugus, Chautauqua, Erie and Niagara counties, represent a total proposed state investment of at least $20 million, leveraging $153 million in private and other funding for total project costs of more than $173 million. Collectively, these priority projects would support the creation of 143 new jobs, 96 indirect jobs, the retention of 113 existing jobs, and leverage a return on investment of 9 to 1. Detailed information about the WNYREDC’s 2018 endorsed priority projects is available in the progress report here. The report also outlines the region’s strong performance record in implementing its strategies and projects since 2011, the first round of Governor Andrew M. Cuomo’s Regional Economic Development Council initiative.  The first seven rounds resulted in 605 projects moving forward in Western New York, 85 percent of which are completed or on schedule.  In total, $487.2 million in State funding has been awarded to Western New York through the REDC process. “Once again, this progress report demonstrates that the Governor’s strategic approach to economic development is working for Western New York,” said Jeff Belt, Western New York Regional Economic Development Council Co-Chair and SolEpoxy CEO.  “The region’s economy is heading in the right direction consistently for the first time in decades.  But the WNYREDC is not resting. We continue to prioritize projects that advance our core strategies, in order to ensure the Western New York’s economy will continue on a steady growth trajectory and create opportunities for prosperity among all of our residents and all of our communities.” “The incremental growth we are seeing in Western New York can be attributed to the WNYREDC and its community-based, performance-driven approach to economic development,” said Western New York Regional Economic Development Council Co-Chair and President of the State University of New York at Fredonia, Dr. Virginia Horvath. “Our progress report demonstrates how we are moving forward and how we will continue to do so on our path to prosperity. The collective support of the state and the region in executing our homegrown strategies has been the key factor in making sure Western New York has a bright future.” Round VIII of the REDC initiative will award more than $750 million in state funding and tax incentives, including up to $150 million in capital grants and up to $75 million in Excelsior Tax Credits for projects and activities identified by the Councils as regional priorities in their communities. Additionally, over $525 million from state agency programs will be awarded through the CFA process.  Funding awards will be announced by the end of the year. The REDC process has transformed New York State government’s approach economic development, creating a statewide framework for bottom-up, regional economic growth and streamlining the state funding application process.  Since 2011, the first year of the initiative, over $5.4 billion has been awarded to more than 6,300 projects that are projected to create and retain more than 220,000 jobs statewide. 2018 REDC Competition In 2018, all 10 REDCs will be competing for a designation as a Top Performer. Five Top Performers will be selected and will receive up to $20 million in Empire State Development Capital Grant funding, with the remaining five regions receiving up to $10 million in Empire State Development Capital Grant funding.  Each region will also receive $10 million to implement projects identified through the Downtown Revitalization Initiative, and projects from all 10 regions submitted through the CFA will be eligible for over $525 million in other state agency funds. About the Consolidated Funding Application As part of Governor Cuomo’s efforts to improve the state’s economic development model, a NYS Consolidated Funding Application (CFA) was created to streamline and expedite the grant application process. The CFA process marks a fundamental shift in the way state resources are allocated, ensuring less bureaucracy and greater efficiency to fulfill local economic development needs. The CFA serves as the single entry point for access to economic development funding, ensuring applicants no longer have to slowly navigate multiple agencies and sources without any mechanism for coordination. Now, economic development projects use the CFA as a support mechanism to access multiple state funding sources through one application, making the process quicker, easier, and more productive. To access the CFA, please visit https://apps.cio.ny.gov/apps/cfa/. About the Regional Economic Development Councils The Regional Economic Development Council (REDC) initiative is a key component of Governor Cuomo's approach to State investment and economic development. In 2011, Governor Cuomo established 10 Regional Councils to develop long-term strategic plans for economic growth for their regions. The Councils are public-private partnerships made up of local experts and stakeholders from business, academia, local government, and non-governmental organizations. The Regional Councils have redefined the way New York invests in jobs and economic growth by putting in place a community-based, bottom up approach and establishing a competitive process for State resources.  After seven rounds of the REDC process, over $5.4 billion has been awarded to job creation and community development projects consistent with each region’s strategic plans, projecting to create and retain more than 220,000 jobs. For more information on the Regional Councils, visit www.regionalcouncils.ny.gov.   Contact: Pamm Lent (Governor’s Office) | pamm.lent@esd.ny.gov | (716) 846-8309 | (800) 260-7313 Laura Magee (ESD) | laura.magee@esd.ny.gov | (716) 846-8239 | (800) 260-7313  
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Press Release

Tuesday, October 2, 2018 - 11:35am
Empire State Development (ESD) today announced Bronx Community College (BCC) is launching the Film Production Training Program, a new 14-week program that will train up to 100 students annually for work in union trade crafts, such as property, carpentry and electric. The program is the result of an unprecedented partnership between New York State, BCC and IATSE Local 52 and will launch in Winter 2019. ESD President, CEO and Commissioner Howard Zemsky said, “This incredible partnership between industry, labor, academia and government has created a program at Bronx Community College that will train the next generation of film professionals and put them on the right path for careers in New York's thriving film and TV industry.” The Program, which is being supported by a $375,000 grant from Empire State Development, will teach students technical skills, such as basic carpentry, tool usage and shop safety, as well as “life skills”, including workplace communication and behavior, career networking, employer expectations, and coping with challenging work situations. The funding will also support instructors with experience in the film production industry and a part-time program manager who will oversee the instructors and provide additional student support. Students who complete the program will receive a Bronx Community College/CUNY Continuing Education Certificate in Film and Television Production. “With our well-established associate degree program in Media and Digital Film Production, Bronx Community College is uniquely positioned to recruit and train students of color, including women, for rewarding careers in film and television production,” said BCC President Thomas A. Isekenegbe. “Thanks to our partnership with IATSE Local 52 and New York State, we will be able to offer customized technical training in high-demand crafts to students from the Bronx and beyond.” IATSE Local 52 Vice President John Ford said, “Local 52 is proud to work with Ken Adams and Bronx Community College.  Thanks to Governor Cuomo and the Legislature’s support of the film tax credit, the industry is busier than ever before.  This training program will help ensure a steady stream of qualified, diverse workers to service the needs of production well into the future.” Charlie Rivkin, Chairman & CEO, Motion Picture Association of America said, "When America goes to work, its workforce should reflect our diversity. That's why we applaud the workforce development partnership between Bronx Community College and IATSE Local 52, and commend New York State for supporting this program. The MPAA and our member studios are committed to well-trained, diverse crews and look forward to having graduates of the program on set."  Founded in 1957, Bronx Community College (BCC) is a semi-autonomous unit of The City University of New York (CUNY), the nation's largest urban public university. One of three CUNY colleges in the Bronx, BCC serves approximately 11,000 students. BCC is a Hispanic Serving Institution (HSI), with students representing approximately 100 countries.  The college offers more than 50 programs leading to AAS and AS degrees as well as seven certificate programs and extensive continuing education courses. About the Governor's Office of Motion Picture & Television Development The New York State Governor's Office of Motion Picture & Television Development, a division of Empire State Development, offers film, television and commercial productions and post production tax credits for qualified expenditures in New York State. The office also serves 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. For more information on filming in New York State or the Film Production and Post Production Tax Credit Programs, please visit www.NYSFilm.com.     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, visitwww.regionalcouncils.ny.gov and www.esd.ny.gov.     Contact: Adam Kilduff | adam.kilduff@esd.ny.gov | (212) 803-3744 ESD Press Office | pressoffice@esd.ny.gov | (800) 260-7313
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Press Release

Friday, September 28, 2018 - 10:30am
Empire State Development (ESD) today announced that Velan Studios, a video game development startup launched in 2016, is expanding operations in Troy, Rensselaer County. The company will create 49 jobs and fit out approximately 7,600 square-feet of space with equipment to expand video gaming operations, further bolstering the Capital Region's growing video game development cluster.  ESD President, CEO & Commissioner Howard Zemsky said, "The video game development industry is thriving in the Capital Region, with a pipeline of graduates from the area's colleges and universities and locally-based companies like Velan Studios who are leveraging that creative pipeline " Founded by brothers Guha and Karthik Bala, Velan Studios currently has a workforce of approximately 40 employees. Velan’s creative staff, comprised of industry veterans, has created hundreds of games that have sold millions of copies over the past 25 years. The company focuses on discovering new forms of play to create original digital games. Its research efforts include artificial intelligence-enabled augmented reality, robotics, and the combination hardware and software experiences. Guha Bala, President of Velan Studios, said, “Downtown Troy, combined with the unique creative work at Velan, offers talented developers the ability to make a lasting impact in the games industry while enjoying a live, work and play environment." Karthik Bala, CEO of Velan Studios, said, "Troy is a historic city with great bones but preparing its buildings for technology companies is a big investment. The support from ESD will allow us to modernize our space while keeping its distinctive character. The combination of a walkable historic city with modern infrastructure offers us a unique brand with which to attract new staff to support our aspirations." Velan Studios is investing over $630,000 to fit-out more than 7,600-square-feet of office space on Third Street in Troy, and purchase machinery and equipment to expand its video game operations. The new location's open concept will support creativity and innovation by encouraging development teams to collaborate, as well as incorporate a professional audio space. The company plans to create at least 49 jobs over five years. To support this project, ESD will provide up to $200,000 in a performance-based capital grant. The expansion of Velan Studios supports ESD's strategy to encourage growth in the region's video game development hub through the Capital Region Economic Development Council. Established in 2016, this cluster reflects the emerging talent at Capital Region colleges and universities that has supported industry growth. In June 2017, ESD sponsored a video game summit in Troy to define and grow this cluster, generating opportunities for new projects that create jobs and encourage capital investment. The region is currently home to more than a dozen active video game studios. Senator Neil Breslin said, "The video game development industry continues to grow, especially here in the Capital Region with companies like Velan Studios. The creation of high-tech jobs will continue to encourage the best and brightest to make their home in the area, and I thank Empire State Development for their support." Assemblymember John T. McDonald III said, "Congratulations to Velan Studios on the expansion of operations in the City of Troy. I was proud to moderate a video game tax credit summit last year and am a strong proponent for the growth of the video game industry in our region. Thank you to Empire State Development for recognizing the importance of investing in this industry and for supporting a business that will boost increased collaboration and additional jobs." Troy Mayor Patrick Madden said, "The continued growth and success of Velan Ventures is another sign of optimism about the revitalization of our city. As the home of the largest concentration of game development studios in the Capital Region, the City of Troy offers a unique setting for the technology and game development industries. Velan Ventures founders Guha and Karthik Bala are central players in the ongoing revitalization of our downtown, and their renewed investment demonstrates a commitment to our community, creating local jobs, and enhancing Troy’s reputation as a great place to do business." 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 NY," 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.     Contacts: Adam Ostrowski (ESD) | adam.ostrowski@esd.ny.gov | (518) 292-5148  ESD Press Office (ESD) | PressOffice@esd.ny.gov | (800) 260-7313
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Press Release

Thursday, September 27, 2018 - 5:30pm
Investment Complements "Southern Tier Soaring" - The Region's Comprehensive Strategy to Revitalize Communities and Grow the Economy Empire State Development (ESD) today announced $1.75 million for SungEel MCC Americas (SMCC), a partnership between South Korean recycling company SungEel HiTech and White Plains-based e-recycler and broker Metallica Commodities Corp., to create a new lithium-ion battery recycling facility in the former IBM complex in Endicott, Broome County. The initial project aims to recycle 3,000 tons of spent lithium-ion batteries annually and will create at least 86 new hi-tech manufacturing jobs with average salaries of over $50,000. The new facility will complement the Imperium3 New York, Inc. giga-factory on the Broome Campus in Endicott, which will make lithium-ion batteries. The partnership builds on the success of the regionally-designed Southern Tier Soaring Upstate Revitalization Initiative, which is working to revitalize communities and grow the local economy. ESD President, CEO and Commissioner Howard Zemsky said, “Throughout the Southern Tier, companies are finding innovative new uses for existing facilities. This international partnership recycling lithium-ion batteries will foster the supply of a product in high demand and expand the thriving energy storage industry in the region.” SungEel HiTech will provide the recycling technology and Metallica Commodities Corp. will broker incoming batteries and the products of the new business. ESD will provide a $750,000 Capital Grant toward M&E, and a $1 million Excelsior Tax Credit. In total, the company will invest $22 million on specialized M&E and $1.3 million on construction and renovation. The essential recycling and recovery of lithium-ion batteries will help ensure continued access to precious and limited supplies of materials used to make the batteries. The investment adds to the revitalization happening at the former IBM campus, which is now home to new and innovative companies which are being supported through the Southern Tier Soaring plan. Danish Mir, COO of Metallica Commodities Corp. said, “We are excited to be at the forefront of lithium-ion battery recycling in the United States and to create quality, hi-tech, green jobs in our home state of New York.  The State’s energy storage initiative makes the Southern Tier an obvious choice.  We look forward to leveraging the region’s educational institutions, technological resources, and manufacturing tradition to add to the incredible progress New York State has made in energy storage technology.” The state has invested heavily in the clean energy industry in the Southern Tier. This week, the state announced the winners of the 76West Clean Energy Competition, one of the largest competitions in the country that focuses on supporting and growing clean-energy businesses and economic development. Rochester-based EkoStinger, which manufactures under-trailer aerodynamic devices for tractor trailers that reduce emissions and save fuel, was named the $1 million grand prize winner and will expand its operations to the Southern Tier. A total of $2.5 million was awarded to six innovative companies. In October 2017, the state announced that Imperium3 New York, Inc., a consortium of businesses spearheaded by three Southern Tier companies, will establish research and development and production operations at the Huron Campus in Endicott, Broome County. The consortium will invest more than $130 million and create at least 230 new jobs over the next five years. The clean energy industry and ancillary industries in the Southern Tier, which have a long history there, have benefited both from organic growth based off regional expertise and incentives from the state. Stan Whittingham, inventor of the modern-day lithium-ion battery, began teaching as a professor at Binghamton University in 1988. Broome County Executive Jason Garnar said, “Any day you find out more jobs are coming to your county is a great day. This announcement is another major win for Endicott and Broome County! Thanks to the continued, hard work of Empire State Development and Governor Cuomo, this community is being revitalizing and our local economy is being transformed. We are attracting innovative companies are who recognizing the great benefits of doing business in the Southern Tier and with that, bringing much-needed jobs to our community.” Assemblywoman Donna Lupardo said, “This new recycling facility will complement the work being done by Imperium3 New York in Endicott, as well as ongoing research on lithium-ion batteries by Binghamton University. High-tech manufacturing was a cornerstone of the region’s economy for many years and this announcement marks another step towards its rebirth in Broome County.” Mayor John Bertoni said, “The Village of Endicott looks forward to another key step in the revitalization of the business climate of Endicott.  I would like to thank Empire State Development and Huron Campus for their continued efforts to bring back jobs to our community and grow our local economy. This new facility will be a great complement to the already announced Imperium3NY factory that will also be located on the Huron campus. I look forward to the bright future of The Village of Endicott.” Dr. William Acker, Executive Director of the New York Battery and Energy Storage Technology Consortium (NY-BEST) said, “Battery recycling is a critical component of the supply chain for the energy storage industry. NY-BEST is excited to join Empire State Development in welcoming SungEel MCC Americas as an important new addition to New York’s rapidly expanding battery and energy storage ‘ecosystem.’” Accelerating Southern Tier Soaring  Today's announcement complements “Southern Tier Soaring” the region’s comprehensive blueprint to generate robust economic growth and community development. The State has already invested more than $4.6 billion in the region since 2012 to lay for groundwork for the plan – attracting a talented workforce, growing business and driving innovation. Today, unemployment is down to the lowest levels since before the Great Recession; personal and corporate income taxes are down; and businesses are choosing places like Binghamton, Johnson City and Corning as destinations in which to grow and invest. Now, the region is accelerating Southern Tier Soaring 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 10,200 new jobs. More information is available here.       Contact: Shari Voorhees-Vincent | shari.voorhees-vincent@esd.ny.gov | (585) 399-7055 ESD Press Office | pressoffice@esd.ny.gov | (800) 260-7313
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Press Release

Thursday, September 27, 2018 - 5:00pm
Downtown Revitalization Investments Are Crucial Part of Capital Region's Comprehensive Strategy to Revitalize Communities and Grow the Economy Governor Andrew M. Cuomo today announced that the City of Albany's Clinton Square neighborhood will receive $10 million in funding as the Capital Region winner of the third round of the Downtown Revitalization Initiative. As in the first two rounds of the DRI, one municipality from each of the state's 10 regional economic development regions is selected as a $10 million winner, marking another overall state goal to target $100 million in funding and investments to help communities boost their economies by transforming downtowns into vibrant neighborhoods where the next generation of New Yorkers will want to live, work and raise a family. "The City of Albany already serves as a thriving downtown destination, and this $10 million award will attract even more new businesses, residents and visitors, bringing real change to the neighborhood," Governor Cuomo said. "As a historic gateway to the heart of the city, Albany's Clinton Square is an ideal candidate for the Downtown Revitalization Initiative. I congratulate the City of Albany and its leaders for putting together a plan that will have a lasting impact on this deserving community for generations to come." "Albany's historic Clinton Square neighborhood is the front door to our state capital, and this investment will ensure the community can advance significant revitalization projects," said Lieutenant Governor Kathy Hochul, who made today's announcement. "The Downtown Revitalization Initiative focuses on creating lasting change in our downtowns with new jobs, businesses, and housing as part of our ongoing efforts to boost local economies across the state. Upstate New York is moving forward like never before, and we are just getting started."  Read the full press release here. 
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Press Release

Thursday, September 27, 2018 - 5:00pm
Downtown Revitalization Investments Are Crucial Part of Hudson Valley's Comprehensive Strategy to Revitalize Communities and Grow the Economy Governor Andrew M. Cuomo today announced that New Rochelle's Lincoln Avenue Corridor will receive $10 million in funding as the Mid-Hudson winner of the third round of the Downtown Revitalization Initiative. As in the first two rounds of the DRI, one municipality from each of the state's 10 regional economic development regions is selected as a $10 million winner, marking another overall state goal to target $100 million in funding and investments to help communities boost their economies by transforming downtowns into vibrant neighborhoods where the next generation of New Yorkers will want to live, work and raise a family. "New Rochelle's Lincoln Avenue Corridor is an area ripe with potential to appeal to a new generation of residents, businesses and visitors," Governor Cuomo said. "This new funding will lead to strategic investments that will spur positive economic growth for New Rochelle, Westchester County and the surrounding region." "Significant funding as part of the Downtown Revitalization Initiative is helping communities across the state pursue local development projects and transform their downtowns," said Lieutenant Governor Kathy Hochul. "As part of the DRI, the Lincoln Avenue Corridor in New Rochelle will continue to be revitalized with mixed-use development, connecting the residential area with commercial business to ensure a thriving neighborhood. This investment will provide the resources needed to enhance quality of life for residents and boost the economy of the city, Westchester County, and the entire region." Read the full press release here. 
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