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

Monday, December 21, 2020 - 6:00pm
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Public Notice

Wednesday, December 16, 2020 - 5:30pm
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Public Notice

Tuesday, December 15, 2020 - 5:30pm
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Public Notice

Tuesday, December 15, 2020 - 4:30pm
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Public Notice

Wednesday, December 9, 2020 - 5:30pm
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Press Release

Wednesday, November 25, 2020 - 3:29pm
Supporting Local Businesses this Saturday and Year-Round Strengthens Communities and Boosts Local Economies Watch the Department of Labor’s Small Business Saturday Video Here  Read the COVID-19 Guidance for Retailers During the Holiday Shopping Season Here This Saturday, November 28, 2020, is “Small Business Saturday” in New York State and today Empire State Development, and the Departments of Labor, Taxation and Finance, and Agriculture and Markets encourages all New Yorkers to safely support their local small businesses, which are in need of our help during the COVID-19 pandemic. Small businesses generate millions of jobs throughout the Empire State and by choosing to shop locally Saturday, and every day, New Yorkers are investing in their neighborhoods, strengthening their communities, and keeping tax dollars within New York State.   “We encourage all New Yorkers to help support struggling small businesses now and throughout the holiday season,” Lieutenant Governor Kathy Hochul said. “As the COVID-19 pandemic continues to impact our businesses and our residents, it’s important to support local, small businesses in our communities. With Small Business Saturday and the holiday shopping season, there are many safe ways to support businesses by shopping online, buying gift cards, or posting on social media. We are committed to helping our small businesses with the New York Forward Loan Fund, Empire State Digital and other initiatives to raise awareness and lift each other up during the holidays and year-round." Empire State Development Acting Commissioner and President & CEO-designate Eric Gertler said, “Now more than ever, it is imperative that we support New York’s small businesses because the health and well-being of our small businesses is of paramount importance to the overall economic vitality of New York State. During this trying time, ESD has devoted substantial state support to ensuring that small businesses can recover and thrive, but we cannot do it alone—the support of everyday customers is integral, and we encourage New Yorkers to shop at their local small businesses this Saturday and every day.”  State Labor Commissioner Roberta Reardon said, Small businesses are the catalyst in fueling our local economies and it is more critical than ever that we support them on Small Business Saturday and every day. They are playing a vital role in New York’s economic resurgence as we move our State forward and through this pandemic. We should all do our part to ensure that they remain prosperous and at the epicenter of our neighborhoods.” Department of Taxation and Finance Commissioner Michael Schmidt said, “Small businesses, which drive economic activity, employment, and innovation in communities across the state, have been hit especially hard by the pandemic. By shopping local, New Yorkers can help these businesses persevere through this unprecedented period and thrive in the economic turnaround to follow.”   State Agriculture and Markets Commissioner Richard A. Ball said, “New Yorkers have certainly answered the call to buy local from our farms and small food and beverage businesses, understanding that they are crucial to our local economies.  This Small Business Saturday and this holiday season, we have an opportunity to give these small operations our support and provide a real boost during what has been an extremely difficult year.  I encourage everyone to seek out Taste NY products at our Welcome Centers or online at ShopTasteNY.com for unique gift ideas, shop at a local farmers’ market for delicious holiday meal ingredients, or visit a local tree farm to find the perfect Christmas tree to bring home.”  Small Business Saturday celebrates the entrepreneurial spirit of small business owners and invites shoppers to visit local stores at the beginning of the busy holiday shopping season. The small business sector is a major contributor to the foundation of New York’s economy, accounting for 98 percent of all businesses in the state and employing more than 52 percent of New York’s private sector workforce. New York State has more than 600,000 small business proprietors, employing more than 4 million people.  New York State’s Support for Small Business During the COVID-19 Pandemic  While ESD can provide assistance through an array of programs and initiatives designed to support small business growth and help entrepreneurs maximize their opportunities for success, we have created several programs to help small businesses, nonprofits and small residential landlords navigate through the COVID-19 crisis, including:  The $100 million New York Forward Loan Fund, a public and private partnership that allows Community Development Financial Institutions (CDFI) to scale and support small business on their road recovery by offering affordable loans with favorable terms to eligible applicants with 20 or fewer employees with revenues of under $3 million. Empire State Digital provides quick solutions to address the urgent needs of small businesses that are looking to for new markets or opportunities by partnering with leading global e-commerce enablers.  This is a first-in-the-nation program with the partners offering education, training, marketing support, and discounted pricing.    ESD has also provided:    Financial support to 70 Non-Profit Organizations to help small businesses receive assistance in response to the pandemic  $15 million of loan capital to CDFIs to provide Paycheck Protection Program (PPP) Loans   $300,000 in Research and Development grant funding to small businesses to increase manufacturing of ventilators, personal protective equipment, and new technologies in the areas of diagnostics and vaccine  Created the New York Manufacturing Extension Partnership COVID-19 Recovery Initiative offering $2.3 million in grants to support New York manufacturers manage challenges created by COVID-19  The New York State Department of Labor offers a multitude of no-cost services for businesses of all sizes, including 117,000 job postings on Governor Cuomo’s Jobs Express website, access to tens of thousands of qualified candidates in our talent pool, virtual career, and even Human Resources consultation services. More than 25,000 businesses each year work with DOL to list their jobs, find the right candidates, access hiring and training incentives, obtain business tax credits and incentives, get help with one-on-one labor law and safety and health compliance services, and find layoff aversion resources. For more information, visit: https://www.labor.ny.gov/business. See how you can make a difference on Small Business Saturday: https://www.youtube.com/watch?v=tU4be3m2GUI  New York State offers dozens of beneficial tax breaks to help small businesses. The Tax Department’s dedicated Business incentives webpage is a one-stop shop for details about tax credits and incentives for a variety of enterprises in various industries—from farming and agriculture to research and development to manufacturing. Businesses may also qualify for dozens of job credits and incentives for hiring and training local workers, or for tax credits and exemptions intended to encourage property improvements. The Tax Department’s website,www.tax.ny.gov, offers businesses and their representatives a convenient way to meet their tax obligations. The Online Services for businesses webpage provides efficient ways to make payments, view filing information, or otherwise interact with the Tax Department.  The New York State Department of Agriculture and Markets supports New York’s nearly 33,000 farms, 700 farmers’ markets and farm stands and thousands of small agribusinesses across the State through its various programs. More important now than ever before, the Department continues to promote New York growers and food producers through its marketing programs, NYS Grown & Certified and Taste NY. NYS Grown & Certified now has over 3,000 farms participating on 750,000 acres of land, all committed to sustainability and food safety. Taste NY has grown to over 1,800 participants and its stores and markets at New York’s Welcome Centers have implemented creative options to encourage consumers to buy local during the pandemic, including piloting online, call-ahead, curbside pick-up and produce box programs, and hosting a virtual business-to-business event, all to further maintain and grow business for New York producers.  This holiday season, Welcome Centers and Taste NY locations are offering a wide variety of gifts and gift sets filled with local products made and produced by New York farms and food and beverage producers. Additionally, an online marketplace, https://shoptasteny.com/, launched in spring 2020, allows consumers to shop for New York agricultural products and gifts from the comfort of their own homes. ShopTasteNY.com has holiday gift sets available for purchase in addition to their regular selection of products that highlight the quality and diversity of New York products. Orders can be shipped anywhere in the U.S. and Canada, and those placed by December 17 will arrive by December 24. Find your local Welcome Center and Taste NY store here https://taste.ny.gov/.  In addition, the Department’s Divisions assist small agri-businesses and farmers by providing a variety of support services that enhance their business, increasing productivity, profitability and competitiveness.  How to Support Small Businesses Safely During COVID-19  Purchase gift cards– Most small businesses, from your favorite restaurant, bar or coffee shop, your neighborhood specialty retailer, or your local hair salon, offer gift cards or gift certificates. By purchasing gift cards, it will inject needed investment into these businesses well past the holiday season.  Order take out or delivery from your local bar or restaurant– Don’t forget to tip well. Restaurant workers have been hit among the hardest by the pandemic. Many restaurants are offering curbside delivery.   Shop online– If your favorite local business has a web presence, shop online to avoid crowds. Many businesses will ship or offer curbside delivery.   Give positive reviews– If you have found a great product, meal, or service or even a great promotion or sale, let your friends and family know. Don’t forget to leave a great review on your social media feed. The best advertising is word-of-mouth.   If you have to make a return, take a store credit over a refund– If you can. This keeps the money within the small business and every little but helps.  Contact: Kristin Devoe | [email protected] | (518) 414-1087  ESD Press Office | [email protected] | (800) 260-7313 
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Press Release

Wednesday, November 25, 2020 - 11:00am
Virtual Event's Theme — "Building Businesses Better" — Highlights 10 Years of Creating Opportunities for MWBEs  Online Panel Discussions Will Outline Contracting Opportunities, Assistance Accessing Capital and Additional Support to Navigate COVID-19  MWBEs Can Virtually Meet One-on-One with Prime Contractors, and State Procurement Officials  Register Online at www.nysmwbeforum.org   Governor Andrew M. Cuomo today announced the final day of registration for New York State's 10th Annual Minority and Women-Owned Business Enterprise Forum and urged those interested in participating to visit the event's website to sign up. The Forum, being held virtually December 2-4, 2020, is New York State's largest annual business event for MWBEs, bringing together business owners, community leaders, state officials and contractors' representatives to discuss state contracting opportunities and learn about resources available to MWBEs. The event highlights Governor Cuomo's efforts to create a level playing field for minority- and women-owned firms and increase their participation in New York State contracting.  "For the past 10 years, New York State has focused on breaking barriers for all New Yorkers, and we've achieved this, in part, by maintaining the most aggressive MWBE program in the nation," Governor Cuomo said. "This year, the economic impact of COVID-19 is being felt by businesses across the state, but we've seen how it has disproportionately affected communities of color and small businesses, making it critical that we keep fighting to level the playing field and ensure everyone has equal chance to help build New York's economy back better than ever." "The annual Minority and Women-Owned Business Enterprise Forum is a critical resource for business owners and entrepreneurs to connect with each other, share best practices, and make sure they have the tools they need," Lieutenant Governor Kathy Hochul said. "As we continue to face challenges with the COVID-19 pandemic, we are committed to building back better and building businesses better to create opportunities, jobs and strengthen our economy. New York continues to be a leader in economic empowerment and contracting opportunities for MWBEs, and we encourage participation in this forum to help break down barriers and ensure success." Read the full press release here.
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Board Meeting

Monday, November 23, 2020 - 10:30am
Due to public health concerns and as authorized by Executive Order of the Governor, this meeting will be conducted via teleconference. The public may listen to the meeting via webcast by clicking the link below. Members of the public may submit comments on the Agenda items in writing to [email protected] by 4:30 pm on Friday, November 20, 2020.
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Report

Friday, November 20, 2020 - 4:48pm
The Empire State Jobs Retention Program was created to provide financial incentives to retain strategic businesses and jobs that are at risk of leaving the state due to the impact on business operations from a natural disaster. Below please find charts A & B of the quarterly program report detailing businesses admitted to the program and credits issued for the first quarter, ending 3/31/2020. Empire State Jobs Retention Program Quarterly Report - Chart A: Businesses Admitted To Program Empire State Jobs Retention Program Quarterly Report- Chart B: Credits Issued
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