Empire State Development Reports

ESD is dedicated to sharing information about its work with the public. In this Reports section, you can find many of the more than 50 quarterly and annual reports that we provide each year, detailing key New York State economic development projects and initiatives.

In addition to the reports published below, you may also wish to explore the 100+ economic development-related datasets available at data.ny.gov, access the detailed progress reports published annually by our 10 Regional Economic Development Councils at regionalcouncils.ny.gov, or view the comprehensive archive of public meeting videos and materials published in the ESD Media Center.

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Public Notice

Tuesday, March 16, 2021 - 5:30pm
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Public Notice

Tuesday, March 16, 2021 - 5:30pm
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Public Notice

Wednesday, March 10, 2021 - 5:30pm
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Public Notice

Wednesday, March 10, 2021 - 5:30pm
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Public Notice

Wednesday, March 10, 2021 - 5:30pm
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Press Release

Thursday, February 25, 2021 - 4:45pm
Company to Build State-of-the-Art Facility at Western New York Science, Technology and Advanced Manufacturing Park in the Town of Alabama, Creating 68 Jobs  State Investment Supports the Governor's Green Energy Program, Which Calls for $29 Billion in Green Energy Investments Across the State Complements "Finger Lakes Forward"—The Region's Comprehensive Strategy to Revitalize Communities and Grow the Economy Governor Andrew M. Cuomo today announced that leading alternative energy technology provider Plug Power will invest $290 million in the construction of a state-of-the-art green hydrogen fuel production facility and electric substation at the Western New York Science, Technology and Advanced Manufacturing Park located in the Town of Alabama, Genesee County. The Plug Power project is the first build at the STAMP site and will require that the company fund the construction of a 450-megawatt electric substation to support its expansion as well as future growth opportunities at the business park. Plug Power has additionally committed to creating 68 jobs at the new production facility, which will produce 45 tons of green hydrogen daily. The firm's commitment to develop its new green hydrogen fuel production facility in New York is the result of a comprehensive state and local incentive package from the New York Power Authority, Empire State Development and Genesee County. Construction on the new facility is expected to begin this summer.   "New York State is committed to establishing itself as the leader in the national effort toward a more renewable future focused on green energy excellence, and we're showing that protecting the environment and encouraging economic growth aren't mutually exclusive," Governor Cuomo said. "We are incredibly proud to partner with Plug Power once again and applaud the company's continued investment in the Finger Lakes region and to its commitment to creating top-quality green jobs as we work to foster new investment and job growth during a difficult economic time for many New Yorkers." "Not only does today's announcement mean more advanced manufacturing jobs in Genesee County, but we are also investing in a cleaner, greener future for New York State," Lieutenant Governor Kathy Hochul said. "Through the support of New York State, Plug Power, a leading alternative energy technology provider, will develop a new green hydrogen fuel production facility. We are proud to partner with companies like Plug Power that are building on our efforts to keep our state ahead of the curve and create a green economy."  The state incentives directly support the Governor's ambitious Green Energy program—the most aggressive climate and clean energy initiative in the nation—which will spur more than $29 billion in public and private investment across the state and create 12,400 megawatts of green energy, enough to power six million homes. The investments will not only help shift the state toward a carbon neutral economy, fulfilling the goals of New York's Climate Leadership and Community Protection Act, but also spur economic recovery from the COVID pandemic.  Read the full press release here.
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Press Release

Thursday, February 25, 2021 - 2:02pm
Project Supported by New York's East Side Corridor Economic Development Fund and Buffalo Billion II Initiative Empire State Development (ESD) today announced the completion of interior infrastructure improvements at the Beverly Gray Business Exchange Center (The Exchange), located at 334 East Utica on the East Side of Buffalo. The renovations, supported by funding from the state's East Side Corridor Economic Development Fund, improve The Exchange’s ability to serve small businesses on Buffalo’s East Side and throughout Western New York.   “The East Side Corridor Economic Development Fund predates COVID-19, but the impact of its strategic investments is especially crucial as we build back from the pandemic,” said Empire State Development Acting Commissioner and President & CEO-Designate Eric Gertler. "Improvements at The Exchange will give small businesses on Buffalo’s East Side the one-stop guidance they need to join in, and support, the neighborhood’s economic resurgence.”  The Beverly Gray Business Exchange Center is a comprehensive one-stop small business technical resource center developed to support entrepreneurship and innovation for Minority and Women-Owned Business Enterprises (MWBE), Service-Disabled Veteran–Owned Businesses (SDVOB), and small businesses in the City of Buffalo and WNY region. It is named for Beverly A. Gray, who was a dedicated community advocate, city council member and an entrepreneur who envisioned Jefferson Avenue and Buffalo's East Side as a vibrant hub for innovation and economic growth. It focuses on creating inclusive economic growth by connecting MWBEs, SDVOBs, and small businesses with an array of services and opportunities, and igniting an economic revitalization of neighborhood businesses for the residents on the East Side of Buffalo. The Exchange received nearly $31,600 from Empire State Development as part of the East Side Corridor Economic Development Fund to make much needed improvements to the building. This included upgrading IT and security systems, interior painting and plumbing, and the installation of a new boiler and HVAC systems. Shatorah Donovan, Chair of the Beverly Gray Business Exchange Center, Inc, said, "The Beverly Gray Business Exchange Center is a vital resource for our community. The building provides a space for entrepreneurs and community members to gather and learn more about how to build a business and access the wealth of resources available. Thank you to Governor Cuomo and Empire State Development for these funds that provided vital updates to the building, allowing us to continue to be an anchor in the neighborhood."  In March 2019, Governor Cuomo 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 north-south commercial corridors: Michigan, Jefferson, Fillmore and Bailey avenues. Funding is helping 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 funding is designed to empower community residents to improve their businesses and neighborhoods, making it a ground up revitalization effort led by and directly benefiting the community. Mandela Market was one of the nine projects listed as part of a total $7.4 million allocation in direct project assistance, a list compiled by Empire State Development in conjunction with the City of Buffalo through public stakeholder meetings and listening sessions with business owners and neighborhood residents. Read more about Buffalo's East Side Corridor Economic Development Fund here. The fund complements previous investments on the East Side, including $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. Senator Tim Kennedy said, “These improvements at the Beverly Gray Business Exchange Center will only further help to fuel opportunity as we build back from the COVID-19 pandemic. This investment will underscore the Center's reputation as a critical resource for small businesses and will support Western New York's continued economic recovery." Assembly Majority Leader Crystal D. Peoples-Stokes said, “The devastation caused by COVID-19 has shown us how critical the success of small businesses is to households and local economies. Behind successful businesses are supportive organizations such as the Beverly Gray Business Exchange Center. I'd like to thank Empire State Development for helping to make the Exchange Center more efficient in helping business clients.” County Executive Mark Poloncarz said, “Having the Beverly Gray Business Exchange Center fully finished and functional is just what the small business community in Buffalo needs, providing the supports and structure necessary for local small businessmen and women to succeed. This will be more important than ever as we continue to fight the pandemic and help our small businesses grow in Erie County.” Mayor Byron Brown said, "COVID-19 has impacted our small business community severely. The Beverly Gray Business Exchange Center is an essential resource for minority, women, and veteran-owned small business during these difficult times. I would like to thank Governor Cuomo and Empire State Development for providing funds for necessary infrastructure improvements and for stimulating economic growth through the East Side Corridor Economic Development Fund and Buffalo Billion II initiative." 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.  Contact: Pamm Lent | [email protected] | (716) 846-8309 Laura Magee | [email protected] | (716) 846-8239
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Report

Wednesday, February 24, 2021 - 5:26pm
EFPR Group was commissioned to conduct an independent review of ESD's Film Production and Post Production Tax Credit Programs, pursuant to Section 6 of Part B of Chapter 59 of the Laws of 2013. Read the 2019 & 2020 report here: Independent Review of the Empire State Film Production and Post-Production Credit Programs – 2019 & 2020
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Report

Wednesday, February 24, 2021 - 5:20pm
Read Camoin Associates' report on the economic impact of the film industry in New York State for years 2019 & 2020:  Economic Impact of the Film Industry in New York State - 2019 & 2020
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