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 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 ESD's Database of Economic Incentives, which provides a dynamic, user-friendly, searchable database of economic development projects that receive ESD support, or the 100+ economic development-related datasets available at data.ny.gov

Additional information is provided through reports published by our 10 Regional Economic Development Councils at regionalcouncils.ny.gov, as well as in the comprehensive archive of public meeting videos and materials published in the ESD Media Center.

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Board Meeting

Thursday, June 30, 2022 - 9:30am
In accordance with current Legislation, this meeting will be conducted via video conference and teleconference. The public may view and listen to the meeting via webcast by clicking here. Members of the public may submit comments on the Agenda items in writing to [email protected] by Noon on Wednesday, June 29, 2022. All comments received by the deadline will be distributed to the Directors prior to the meeting and will be posted on-line.
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Board Meeting

Thursday, June 23, 2022 - 10:00am
In accordance with current Legislation, 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 p.m. on Wednesday, June 22, 2022. All comments received by the deadline will be distributed to the Members prior to the meeting and will posted on-line.
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Press Release

Wednesday, June 22, 2022 - 1:23pm
New York's Largest Biotech Company Continues to Grow in the Mid-Hudson Region, Bringing at Least 1,000 New Jobs over Five Years  Governor Kathy Hochul today announced the groundbreaking for Regeneron's previously announced $1.8 billion research, preclinical manufacturing and support facilities at the company's Westchester County campus in Tarrytown. The company, a biotechnology leader that invents and manufactures life-transforming medicines for people with serious diseases, committed to creating at least 1,000 new full-time, high-skill jobs in the Mid-Hudson Region over the next five years. To encourage Regeneron's continued expansion in New York State, Empire State Development is supporting the project with up to $100 million in performance-based Excelsior Jobs Program tax credits, consistent with the company's hiring goals. Regeneron considered several potential sites in the tri-state area before deciding to expand in the Mid-Hudson region.  "New York is a leader in the life sciences industry in part due to the decades of investment and many groundbreaking scientific advancements at Regeneron," Governor Hochul said. "The COVID-19 crisis was one demonstration of how quickly and effectively Regeneron is able to deploy its drug discovery and development engine against devastating diseases. Regeneron's work has undoubtedly saved countless lives in New York and throughout the United States, and we are proud that Regeneron will continue to create good jobs and invest in the Mid-Hudson region as they work to make additional breakthroughs against blindness-causing diseases, cancer, genetic diseases and more."    Regeneron President and Chief Executive Officer Leonard S. Schleifer, M.D., Ph.D., said, "We have been a proud New York company since our beginning over three decades ago, during which time we have invented industry-leading drug discovery technology and developed ten FDA-approved or authorized medicines entirely in our own laboratories. New York State has played an important role in our success by consistently recognizing the value of innovation, fostering an inclusive and dynamic biomedical industry, and helping to attract top talent to the region."  Tarrytown serves as Regeneron's corporate and research and development headquarters, and the expansion plan now underway includes the addition of new laboratories, preclinical manufacturing and process development suites and office space. This project will encompass the design, construction and fit out of up to eight buildings, three parking garages and a central utility plant totaling approximately 900,000 square feet.   The project is expected to take place in two phases over six years, with construction expected to be completed in 2027. The direct and indirect fiscal benefit to state and local government is estimated to be more than $283.3 million, with a nearly $2 billion estimated economic benefit to New York State.  Regeneron was founded in 1988 in New York City; the following year, New York State invested $250,000 in the company. Today, Regeneron is the largest biotech company in New York State and one of the largest and most productive in the world. The company is consistently ranked among the best biopharmaceutical employers by Sciencemagazine and included on the Civic 50 list of most community-minded companies in the nation.   Empire State Development President, CEO and Commissioner Hope Knight said, "Regeneron is a New York State company with a record of success in creating lifesaving advancements that benefit the entire world. Additionally, Regeneron is a company that invests in the surrounding communities and its employees. Not only will Regeneron continue to bring substantial economic growth to the Mid-Hudson Region, they will continue to be a good community partner in the region."    Read the full press release here.
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Public Notice

Tuesday, June 21, 2022 - 6:00pm
Public Notice
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Press Release

Tuesday, June 21, 2022 - 2:37pm
Project Supports Regional Food Production and Manufacturing Industry Watch Video of Project Here  Governor Kathy Hochul today announced that Americold has completed construction of a 181,000-square-foot cold storage distribution facility on approximately 28 acres in the Town of Dunkirk in Chautauqua County. The $41 million project will create 60 new jobs, in addition to the 250 construction jobs created to build the facility, which will provide much-needed cold storage for the food supply chain in the area. "New York State is pleased to support Americold's growth and advance economic recovery efforts in Western New York's vital food manufacturing sector," Governor Hochul said. "The food and beverage industry will continue to play a major role in lifting our state's economy, and through innovation, coordination, and responsiveness to consumer demands, New York businesses like Americold will help to ensure that we continue to lead the nation in shipping and storage."   The food and beverage industry is a significant and stable contributor to the US economy; it plays a leading role as an employer in many regional economies. The industry's efficiency, continuous innovation over time, and response to changing consumer demand has helped to ensure the affordability and quality of the US food supply, as well as the competitiveness of US food exports. Americold's project is an example of how the primary economic activity of food manufacturing creates value added secondary impacts with its needs for storage and shipping - reverberating through the local and regional economies, creating additional income and employment for businesses.  Empire State Development President, CEO & Commissioner Hope Knight said, "We want to ensure that Western New York's food production industry continues to thrive. Americold's expansive warehouse project will catalyze economic growth in Chautauqua County and throughout the region, supporting local manufacturers with expanded storage and transportation solutions and creating new jobs that will help secure a brighter future for all."  New York Power Authority Chairman John R. Koelmel said, "The Niagara Power project is a cornerstone for economic development in Western New York where it directly supports tens of thousands of jobs. We at NYPA are proud to support Americold so that it can establish a new cold storage facility in Dunkirk that will create 60 jobs and provide storage for Wells Enterprises, a major ice cream manufacturer and NYPA power customer."  Americold offers a comprehensive temperature-controlled storage and distribution network that is supported by the most advanced technology. For almost 120 years, Americold has been providing technology-based engineered solutions for the temperature-controlled supply chain industry - supporting everyone from local artisans to regional grocery stores, and from national food producers to international food and beverage organizations. Americold's services include blast freezing and tempering, kitting, labeling, date-coding, and repackaging to meet the needs of its global customer base.  Read the full press release here.
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Press Release

Tuesday, June 21, 2022 - 1:06pm
Today, The Times Union published commentary by Empire State Development President, CEO & Commissioner Hope Knight, on the passage of New York State’s nation-leading Green CHIPS legislation, which will allow the state to further attract the semiconductor industry while ensuring a commitment to environmental sustainability and an obligation to deliver tangible community benefits. Text of the commentary is available below and can be viewed online here. Commentary: Green CHIPS bill will bring big investment to New York Hope Knight June 21, 2022 Earlier this month, the Legislature overwhelmingly, and with bipartisan support, passed the nation’s first Green CHIPS bill, which now gives our state a once-in-a-lifetime opportunity to change the economic trajectory of upstate New York. The passage of Green CHIPS amends the longstanding Excelsior Jobs Tax Credit program to better attract multi-billion-dollar semiconductor manufacturing facilities, further enhancing New York’s competitiveness against other states vying for chip fabs. Green CHIPS will help cement our state as the nation’s leader in an industry that produces one of the United States’ top five exports and is the top contributor to domestic labor productivity growth. In combination with New York state’s long-standing semiconductor investments, it positions New York to gain a greater percentage of federal aid and private investment from the federal Creating Helpful Incentives to Produce Semiconductors (“CHIPS”) Act. Regardless of when Congress is able to pass the CHIPS Act, New York has already taken steps to grow the industry here at a time when global competition is increasing. The global chip shortage is hurting Americans where we can least afford it: our wallets. Supply chain issues and a decline in the United States’ share of global chip production are causing undue hardships to every aspect of the economy.  This erosion of U.S. chip production capacity puts our nation at a strategic disadvantage in several critical areas, including national security, technological innovation, and economic growth and independence. Because more than 300 industries – from cars to cellphones – use chips, their scarcity drives up prices of other consumer goods. U.S. Commerce Secretary Gina Raimondo put it more bluntly: The lack of chips, she said, is directly responsible for the worst inflationary pressure we’ve suffered in forty years. Why is Green CHIPS important to New York? • Jobs. Any recipient of Green CHIPS will need to invest at least $3 billion in the state and create at least 500 company jobs. Locally, look no further than Malta and Marcy for what the industry means to a community: GlobalFoundries, which has invested over $15 billion in the region, has been transformational in the Capital District. Wolfspeed, which just cut the ribbon on a billion-dollar fab in Marcy, has already invested millions of dollars in internships, workforce development programs and curriculum enhancements at SUNY, and has created hundreds of local, high-paying jobs in the Utica area. Green CHIPS will attract more transformational projects that build on upstate New York’s traditional strength in manufacturing and create new jobs at every level -- not just engineering jobs that require advanced degrees, but jobs of the future for the regions and people of our state who have suffered and need them the most.  • Community benefits. Building on similar provisions in the Federal CHIPS Act, Green CHIPS represents a holistic and inclusive model of economic development for chip fabs by ensuring that each project will deliver real community benefits, including prevailing wage, workforce training, and programs to expand opportunity for disadvantaged populations • The environment. Green CHIPS has the potential to reduce global greenhouse gas emissions by tying financial assistance to ensuring that more semiconductors – which are critical components of sectors that will help combat climate change, such as electric vehicles, energy efficiency, energy storage and clean energy – are manufactured in a more sustainable production process, in line with the draft guidelines released by the New York State Climate Action Council • Accountability. Green CHIPS is a discretionary, pay-for-performance incentive. Companies would​ not receive any state assistance until they meet their annual job, investment, and other project commitments.   U.S. Senate Majority Leader Charles Schumer and other members of the New York congressional delegation are doing their part by working to pass the federal CHIPS Act. By passing Green CHIPS, New York has shown that we are ready to do our part to address the national chip shortage, and that we can balance economic opportunity with environmental sustainability.  Hope Knight of New York City is president and CEO of Empire State Development.    Contact: Kristin Devoe | [email protected] | (518) 414-1087 ESD Press Office | [email protected] | (800) 260-7313      
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Press Release

Thursday, June 16, 2022 - 2:01pm
Fresh Meal Delivery Service Moves into 80,000 Square-Foot Production Facility in the Town of Geneva Project Complements "Finger Lakes Forward" - The Region's Comprehensive Strategy to Revitalize Communities and Grow the Economy Governor Kathy Hochul today announced the official grand opening of meal delivery service RealEats 80,000 square-foot production facility located at 1 Montmorency Way (Routes 5 & 20) in the Town of Geneva, Ontario County. Originally located in the Geneva Enterprise Development Center, a local business incubator, RealEats will produce and ship fully cooked, farm-fresh customizable meals from the new Geneva location, where it currently employs approximately 160 people. This expansion builds on the Finger Lakes regions vibrant agriculture and food processing sector, a central part of the regionally designed Finger Lakes Forward economic development plan. "New York state is globally known for having some of the best food products in the world, and the agricultural industry is an important part of our statewide economy," Governor Hochul said. "By continuing to build on our investments in successful companies like RealEats, we are bolstering startups that are focused on the future of the agribusiness industry. We are committed to fostering these innovative ideas, boosting job growth, and to further strengthening the regional and statewide economies." Founded in 2017, RealEats delivers healthy, portion controlled, chef-cooked meals directly to homes across most of the United States. RealEats selected New York, and specifically Geneva, for its expansion, because of its central location in the world-renowned Finger Lakes agricultural region. Geneva is also home to the Center of Excellence in Food and Agriculture at Cornell AgriTech - the first of its kind facility which pulls together multiple partners to catalyze business development in New York's agriculture and food industries. Dan Wise, Company President & CEO said, "We are beyond fortunate to have found a home in the Finger Lakes, where all the real food is. I could not have envisioned that an idea to solve my family's dinner dilemma would become an important public-private partnership dedicated to building a better food future. We are sincerely grateful for the incredible assistance from Empire State Development, New York State, Ontario County, the City of Geneva, the Center of Excellence for Food & Agriculture at Cornell AgriTech, and the tremendous support of our investors, the New York State Common Retirement Fund, Hamilton Lane, Armory Square Ventures, Excell Partners and GNC, which have been vital for our expansion. This unique collaboration has enabled RealEats to create 160 new local jobs, make significant investments back into our community, and help people across the country enjoy the nutritional benefits of healthy real food." Empire State Development has previously supported RealEats continued growth in Geneva through a $500,000 grant, and a $2.45 million investment by Excell Partners, which manages the FLXFWD Venture Fund, supported by the Upstate Revitalization Initiative. Up to $3 million is also being provided through the performance-based Excelsior Jobs Tax Credit Program in exchange for promised job commitments. The company also has the distinction of being the $1 million, round one winner of the state supported Grow-NY food and agriculture business competition which is dedicated to growing an enduring agrifood industry innovation cluster in the Finger Lakes, Central New York and in the Southern Tier regions of New York State. Additionally, through its In-State Private Equity Investment Program, State Comptroller Thomas P. DiNapoli has invested $7.8 million in RealEats in five separate investments through its partners, Armory Square Ventures and Hamilton Lane. The state pension fund has invested $1.6 billion in more than 500 companies through this private equity program, generating a 10% internal rate of return since 2001. The New York State Common Retirement Fund partners with investment firms to invest in private New York companies. Empire State Development Commissioner and President & CEO Hope Knight said, "This innovative company's continued expansion in Ontario County is great news, especially given the boost to local farmers that comes from RealEats' ongoing commitment to use regionally-sourced foods in their chef-prepared meals. New York's agricultural industry is the 'secret sauce' of RealEats' success and our statewide economy, and there's no better place for the company to strengthen its 'roots' and 'grow' its business than in the beautiful, bountiful Finger Lakes region." Read the full press release here.
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Press Release

Wednesday, June 15, 2022 - 3:08pm
Paper Board Packaging Manufacturer Constructed New, 105,000 Square-Foot Facility in the Town of Henrietta; Commits to Creating Close to 40 New Jobs Investment Complements “Finger Lakes Forward” – The Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy Empire State Development (ESD) today announced that Premier Packaging Corporation, has officially opened a 105,000 square-foot, newly constructed, manufacturing facility in Wiregrass Business Park in the Town of Henrietta, Monroe County. The company which provides paper board packaging to some of the country’s largest digital photo finishing, food packaging, and medical device companies built the plant to better accommodate demand for its products and has additionally committed to creating up to 37 new jobs as part of the expansion project; 52 jobs will be retained. Empire State Development President, CEO & Commissioner Hope Knight said, “Premier Packaging Corporation’s new facility reinforces the company’s commitment to the Finger Lakes, a region that offers the “whole package” to top-notch businesses looking for skilled talent. New York's targeted support for forward-thinking projects like this one will continue to strengthen the economy, creating top quality jobs in Monroe County and across the state.”   Premier Packaging Corporation was founded in 1989 and was acquired by DSS, Inc. in 2010. DSS is a multinational company, operating businesses in consumer packaging, blockchain security, direct marketing, healthcare, medical real estate, and securitized digital assets.  Premier has been a market leader in providing innovative and secure solutions for paperboard packaging from heavy mailing envelops and photo sleeves, to sophisticated custom folding cartons and complex 3-dimensional direct mail solutions. Premier’s innovative designs deliver functionality, marketability, sustainability, and anti-counterfeiting technology. Premier Packaging Corporation President and DSS Chief Operating Officer, Jason Grady said, “We are grateful to ESD for providing Premier with an opportunity to advance our business. As a multinational company, we had several options when considering a new location, but with the help of ESD, we are able to continue to call this area home and excited to begin operations in our new state-of-the-art facility in Henrietta. The Upstate NY and Finger Lakes region has proven as an ideal place for us to operate our business, service our customer base, and further expand our offerings, and we look forward to continuing that succuss moving forward.” ESD is assisting Premier Packaging by providing up to $700,000 in performance-based Excelsior Tax Credits in exchange for job creation commitments. Monroe County, Rochester Gas & Electric and Greater Rochester Enterprise are also assisting with the company’s continued growth. The total project cost has been placed at $6.2 million. State Senator Patrick Gallivan said, “I congratulate Premier Packaging Corporation on its new manufacturing facility in Henrietta and its decision to expand in Monroe County.  The project adds new jobs, secures existing ones and sends a positive message to the community.  Supporting existing businesses and helping them to grow is critical as we work to expand the economy of our region and New York State."  State Assembly Member Harry Bronson said, “I applaud Premier Packaging for their commitment to our region,” said Assemblymember Harry Bronson. “Today’s announcement by the company shows that the Rochester area has a strong, diverse, and skilled workforce and is in an economic position to create jobs for the future. I look forward to Premier Packaging’s growth and the addition of new jobs at their new Henrietta campus.” Monroe County Executive Adam Bello said, “Monroe County continues to prove itself to be a hub of economic growth, technological advancement and entrepreneurial spirit – and that is further demonstrated by Premier Packaging Corporation’s investment in our community and neighbors. My thanks to Governor Kathy Hochul and Empire State Development for continuing to foster job growth and prosperity for Monroe County.” Henrietta Town Supervisor Stephen L. Schultz said, “We were very happy to learn Premier Packaging would be expanding their production facilities and chose Henrietta’s Winegrass Business Park to do so, creating up to 37 new jobs in addition to the 52 existing employees on staff. Innovative programs at the Rochester Institute of Technology, such as their Packaging Science program, help to bring in strong talent to Henrietta. In an effort to retain that talent, we have partnered with Monroe County and the State of New York and have rezoned the areas south of the RIT campus for industrial parks and mixed-use development. Premier Packaging is another great example of the numerous companies that have located in office parks near campus as a result, growing a strong industrial center, and creating many well-paying jobs for our residents and for those throughout the region. The efforts of Empire State Development and Monroe County to attract businesses to the area has paid big dividends.” Bob Duffy, President and CEO of Greater Rochester Chamber of Commerce, and Finger Lakes Regional Economic Development Committee Co-Chair, said, “Congratulations to Premier Packaging Corporation on this exciting expansion in the Town of Henrietta, which proves once again that the Greater Rochester/Finger Lakes region is an ideal place for innovative companies to grow and thrive. Thank you to our partners in government and economic development for helping to enhance business investment and growth in our region. We look forward to assisting Premier Packaging Corporation President and DSS Chief Operating Officer Jason Grady and his team with their continued success.” Matt Hurlbutt, President and CEO, Greater Rochester Enterprise said, “Premier Packaging Corporation continues to leverage the packaging assets and expertise available in the Greater Rochester, NY region to support its growth. This expansion is another great example of collaboration – including an outstanding developer who supplied a facility that met the company’s needs. This support, coupled with a competitive cost of doing business, made Rochester the right location for Premier Packaging Corporation’s expansion.” For additional information regarding Premier Packaging visit: https://www.dsssecure.com/packaging/. For additional Information regarding DSS, Inc.: visit: https://www.dssinc.com/. 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 regionally designed plan focuses on investing in key industries including photonics, agriculture‎ and food production, and advanced manufacturing. Now, the region is accelerating Finger Lakes Forward with a $500 million State investment through the Upstate Revitalization Initiative. 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. ​ 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 the 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, visit www.regionalcouncils.ny.gov and www.esd.ny.gov. ### About DSS, Inc. DSS is a multinational company operating businesses within nine divisions: Product Packaging, Biotechnology, Direct Marketing, Commercial Lending, Securities and Investment Management, Alternative Trading, Digital Transformation, Secure Living, and Alternative Energy. DSS strategically acquires and develops assets to enrich the value of its shareholders through calculated IPO spinoffs and a parametric share distribution strategy. Since 2019, under the guidance of new leadership, DSS has built the necessary foundation for achievable growth through the formation of a diversified portfolio of companies positioned to drive profitability in multiple high growth sectors. These companies offer innovative, flexible, and real-world solutions that not only provide mutual benefits for businesses and their customers, but also create sustainable value and opportunity for transformation. For more information on DSS visit http://www.dssworld.com. Contact: Shari Vincent | [email protected]| (585) 399-7055 | (800) 260-7313 Press Office | [email protected] | (800) 260-7313  
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Press Release

Wednesday, June 15, 2022 - 3:05pm
Watertown Facility to Produce 30 Million Chicks Per Year, Supporting Growth in New York’s Poultry Industry Rendering of the Facility Here Empire State Development (ESD) today announced the groundbreaking of the $16 million CWT Farms International state-of-the-art chick hatchery in Watertown, Jefferson County. For more than 60 years, CWT has produced high standard broiler hatching eggs for its global customer base. This new 50,000 square feet hatchery, located at the Thousand Islands International Agriculture and Business Park in Jefferson County, will be the largest hatchery in New York State and is expected to create 20 new full-time jobs. Empire State Development President, CEO and Commissioner Hope Knight said, “CWT Farms International’s state-of-the-art facility spotlights the North Country as an incubator for agribusiness innovation. We’re proud to support this project, which will create new jobs, strengthen cross-border business and add to regional growth.”        CWT Farms International Vice President of Marketing and Strategic Alliances Jeff Pierce said, “Jefferson County is an ideal location to place our new hatchery and I could not be more thankful for the support and partnership at the State and local levels, and from our supply chain and construction partners who really helped get this project off the ground. Without this support from Empire State Development and the JCIDA, this project would not have become a reality.” CWT Farms International is a recognized leader in hatching egg exports into Canada. The Watertown facility will include a laboratory and high-tech equipment to incubate, vaccinate and handle eggs and live chicks, and will include specialized state-of-the-art equipment for each stage of the production process. The facility was initially planned to handle 500,000 eggs to produce 400,000 chicks per week and grow to handle up to 1 million eggs to produce 800,000 chicks by 2025. However, CWT Farms International will open at full capacity. To encourage this project's success and job creation goals, the North Country Regional Economic Development Council recommended a $1 million ESD capital grant and up to $500,000 in performance-based Excelsior Jobs Program tax credits. Additionally, this will be the first agriculture production company in the new Thousand Islands Agriculture and Business Park, which was made possible with a $500,000 ESD capital grant recommended by the NCREDC. North Country REDC Co-chair James McKenna said, “The North Country is uniquely positioned as a prime location for investments that leverage the region’s agricultural strengths and proximity to our top trading partner to the north. The CWT Farms International chick hatchery, as part of the Thousand Islands International Agriculture and Business Park, reflects our ongoing strategy for growth, both in New York State and beyond our borders.”            State Senator Patti Ritchie said, “Groundbreaking of the new CWT Farms International chick hatchery in Watertown will create a ripple effect that will grow jobs, boost the local economy and support expansion of New York’s poultry industry. I would like to thank Empire State Development and the North Country Regional Economic Development Council for recognizing the importance of this project and look forward to seeing how it impacts our region, and the state as a whole.” Assemblyman Ken Blankenbush said, “It is exciting to see groundbreaking on such a large agricultural project in the North Country. This $16 million CWT Farms International chick hatchery will be a great addition to Watertown and the surrounding areas, bringing jobs and economic activity to the region. This is a worthy endeavor for our state to invest in, and I look forward to its completion.” Watertown Town Supervisor Joel Bartlett said, “We are pleased to welcome CWT Farms International to the Thousand Islands International Agriculture and Business Park.  The addition of CWT Farms to the community will bring good jobs and investment to the area while supporting the agricultural sector of our local economy.”  Chief Executive Officer, Jefferson County Economic Development David Zembiec said, “I would like thank CWT Farms International for choosing to locate in Jefferson County. CWT had many options in different states for their new facility and the North County, as the State’s gateway to Canada, and the state’s previous investment in Thousand Islands International Agriculture and Business Park, put Jefferson County on top. We are looking forward to watching this company grow in the region.” 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 the New York State 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: Kristin Devoe | [email protected] | (518) 414-1087 ESD Press Office | [email protected] | (800) 260-7313
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Press Release

Wednesday, June 15, 2022 - 12:26pm
Ten New York-Based Independent Designers to Receive $50,000 for New York Fashion Week: The Shows September 2022 New York Fashion Week Highlights Safe Economic Reopening and Recovery of America's Fashion Capital Empire State Development, in partnership with IMG, today announced the 10 recipients awarded funding through the $500,000 New York Fashion Week Small Business Grant. Each of the 10 small, independent fashion designers will be awarded up to $50,000 to offset eligible show production costs for New York Fashion Week's September 2022 season. The grant awardees are: anOnlyChild; BARRAGÁN; Batsheva; Deveaux New York; Elena Velez; Fe Noel; Interior; Studio 189; Theophilio; and Willy Chavarria. Empire State Development President, CEO and Commissioner Hope Knight said, "The New York Fashion Week Small Business Grant will support diverse and emerging New York-based fashion businesses, encouraging the post-pandemic revitalization of the State’s fashion industry, which is vital to the jobs, economy and creative energy of New York City. In collaboration with IMG, we are proud to help small business fashion designers showcase their work in New York - the fashion capital of America." Prior to the COVID-19 pandemic, New York City’s fashion industry employed 4.6% of the city's workforce, generating approximately $11 billion in wages. The New York Fashion Week Small Business Grant will support the vibrant return of New York’s fashion industry while enabling independent New York-based designers to participate in recovery efforts. Designers who produce shows during a major fashion week like NYFW often generate global exposure, demonstrating the potential of using NYFW as a global platform to support business growth and tradeable sectors. Leslie Russo, President of IMG’s Fashion Events and Properties, said, "With New York as the capital of American fashion and our global reputation for incubating the best next generation of fashion brands, IMG is committed to helping the designer community flourish and grow. We are grateful to Governor Hochul and Empire State Development for showing up and taking action on behalf of New York’s fashion industry. The New York Fashion Week Small Business Grant helps to ensure we will continue to foster vibrant, diverse talent and uplift independent fashion businesses as they develop and thrive right here in New York." The New York Fashion Week Small Business Grant follows the formation of the IMG Fashion Alliance, first launched by IMG in September 2021 to support the post-pandemic revitalization of New York Fashion Week. New York State played key roles in supporting the initiative, including making State venues like Moynihan Train Hall and Robert F. Wagner, Jr. Park, available to designers to showcase their collections.  IMG Fashion Events & Properties will host a reception for the New York Fashion Week Small Business Grant recipients at its new headquarters in Chelsea’s gallery district. New York Fashion Week: The Shows will take place from September 9-14, with the official hub at Spring Studios in lower Manhattan, and content distribution publicly available across NYFW.com and @NYFW channels. Contact: Emily Mijatovic | [email protected] | (212) 803-3692
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