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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Press Release

Wednesday, December 11, 2019 - 12:00pm
Vacuum and Heat Transfer Equipment Manufacturer Renovating and Adding on to Facility in City of Batavia Investment Complements “Finger Lakes Forward” – The Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy Empire State Development (ED) today announced that vacuum and heat transfer manufacturer Graham Corporation is renovating and expanding its operations in the City of Batavia, Genesee County. In order to diversify its business operation, the company is converting its current warehouse space on Florence Avenue into office and lab space and has constructed additional warehouse and manufacturing space which will allow the company to double the size of its welding training program. As a result of the expansion, the company plans to create up to 10 new jobs;291 jobs are being retained.  Now underway, Graham Corporation expects to complete the expansion in by the end of the year. Empire State Development Acting Commissioner and President & CEO-designate Eric Gertler said, “Graham Corporation’s decision to grow in Genesee County will expand its onsite training program, create new high-tech manufacturing jobs and reflects the success of our continued laser-focused strategy to support and revitalize the Finger Lakes economy.” Headquartered in Batavia since 1936, Graham Corporation designs and builds vacuum and heat transfer equipment for process industries and energy markets worldwide. Graham equipment enables its customers to produce synthetic fibers, chemicals, petroleum products, electric power, processed food, pharmaceutical products, paper, steel, fertilizers, and many other products that are used every day by people around the globe. Graham Corporation President & CEO James R. Lines said, “The Graham Corporation is respected worldwide for high quality made-to-order equipment. We have operated from our headquarters in Batavia since our earliest beginnings and continue to offer challenging and rewarding careers. Today's global competition is fierce so we need to continue to innovate and extend our competences in new and exciting ways in order to thrive. We remain committed to our upstate New York campus and value the support of Empire State Development and Genesee County to take full advantage of the growth opportunities before us.” ESD is assisting Graham Corporation with the expansion plan with up to $250,000 through the Excelsior Jobs Program in exchange for its job creation commitment. Genesee County is also assisting with the project. The total project cost has been placed at a little more than $2 million. Genesee County is also providing incentives for the project. State Senator Michael H. Ranzenhofer said, “I am pleased to learn that Graham Corporation will be expanding in Batavia.  Their commitment to Genesee County and the addition of new jobs to the community is to be commended.” State Assemblyman Steve Hawley said, “Supporting and expanding job creation and economic development are always priorities of mine because they not only benefit small businesses but recent college graduates looking for work and local residents who benefit from a stable tax base. Improving our communities’ prosperity and bolstering our economic profile for years to come is something we can all be thankful for. I would like to personally thank the Graham Corporation for its commitment to Batavia, Genesee County and Western New York, and I look forward to their continued growth and success.” Batavia City Council President Eugene Jankowski, Jr. said, “I would like to thank Graham Corporation for over 80 years of service as one of Batavia's largest employer and manufacturer. Their Investment in the community, additional employment opportunities and training will be a major benefit to our area.” GCEDC President & CEO Steven G. Hyde said, “Graham Manufacturing’s investment into their operations and expanded training facilities continues a strong commitment to growing their business and Genesee County’s economy. The GCEDC was pleased to support Graham Manufacturing’s next phase of growth in Batavia and the active role the company takes in building our next generation of talented workers and leaders.” For additional information about Graham Corporation, click here. 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 | [email protected] | (585) 399-7055 Press Office | [email protected] | (800) 260-7313
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Press Release

Wednesday, December 11, 2019 - 11:07am
Former Knickerbocker News Headquarters Transformed into 132 Apartments and Commercial Space First Phase of Redburn Development Partners' $78 Million Adaptive Reuse Project Around Former Kenmore Hotel on North Pearl Street Governor Andrew M. Cuomo today announced the grand opening of The Knick on Sheridan Avenue in Downtown Albany. The formerly vacant building has been transformed into more than 130 apartments with an occupancy rate approaching 75%. In addition, the building's first floor houses The Yard Hatchet House and Bar, featuring an indoor lawn for games and league quality hatchet cages for axe throwing. "We are making strategic investments statewide to transform our downtown areas into vibrant, walkable places that invite young professionals to live, work and establish roots within their communities," Governor Cuomo said. "The transformation of The Knick serves as a great first step in Redburn Development's Kenmore project that is bringing more people, businesses and excitement to Downtown Albany." Redburn Development Partners has committed to investing at least $78 million in seven prominent downtown Albany properties, creating 350 mixed-income apartments and more than 50,000 square-feet of commercial and retail space. Once completed, the entire project is expected to attract at least 450 new residents to the downtown Albany area. Empire State Development has agreed to provide up to $5 million through a performance based capital grant, including $2 million from the Capital Region's Upstate Revitalization Initiative fund. Read the full press release here. 
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Public Notice

Wednesday, December 11, 2019 - 11:00am
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Public Notice

Wednesday, December 11, 2019 - 11:00am
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Board Meeting

Wednesday, December 11, 2019 - 9:30am
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Public Notice

Tuesday, December 10, 2019 - 2:00pm
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Board Meeting

Tuesday, December 10, 2019 - 11:00am
With Videoconferencing to: Empire State Development – Buffalo Office 95 Perry Street Suite 500 Buffalo, NY 14203
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Public Notice

Monday, December 9, 2019 - 2:00pm
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Press Release

Monday, December 9, 2019 - 11:47am
Global Flow Control and Instrumentation Company Commits to Creating Almost 60 New Jobs Over Five Years at Town of Gates Location Investment Complements “Finger Lakes Forward” – The Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy Empire State Development (ESD) today announced it will invest up to $550,000 through the Excelsior Jobs Program to assist high-tech manufacturer Rotork with an expansion project at its Mile Crossing Blvd. location in the Town of Gates. The global flow and instrumentation company will add an additional 52,000 square-foot to its current space and will add up to 56 new jobs over the next five years; 150 jobs will be retained. ESD is assisting Rotork with the $10 million project in exchange for job creation commitments. Monroe County also provided incentives for this project. The project is expected to be completed in the summer of 2020. Empire State Development Acting Commissioner and President & CEO-designate Eric Gertler said, "Rotork is one of many global companies that understand New York’s manufacturing strengths and tech talent and its decision to expand in Monroe County will create even more high-quality jobs that will grow the Finger Lakes economy.” Rotork, which recently broke ground on the project, operates locations across the nation and globally. Located in the Finger Lakes region for more than 50 years, the maker of industrial flow control equipment for gases or liquids, has been operating at its current facility since 2000.  Rotork’s clients operate in the oil and gas, power generation, water and sewage and marine industries among others. Monroe County is also assisting with the expansion project. Rotork Controls Chief Executive Kevin Hostetler said, “We are celebrating our 44th year in Rochester N.Y. and have grown within the area. The investment into the expansion of the Rochester facility shows Rotork’s commitment to the area and the local support structure. This investment will drive shorter lead times that will enhance the customers experience.” State Senator Joe Robach said, “Rotork is a global leader of actuator manufacturing, with offices throughout the United States and around the world. Their selection of the Rochester office for expansion is incredible news for our workforce and local economy. By adding 43,000 square feet of manufacturing space, 8,800 square feet of office space and creating 50 new, good paying jobs, Rotork is helping to improve Rochester’s footprint in manufacturing. Great news for Rotork and the Rochester economy!" State Assemblyman David Gantt said, “The expansion of Rotork will help in our efforts to create good jobs in the region.  I am very pleased that this very successful company is making this major investment that will position its facility in Gates at the forefront of their manufacturing and product innovations.” Monroe County Executive Cheryl Dinolfo said, "Monroe County is pleased to support the expansion of Rotork in the Town of Gates. The $10 million project will retain 150 jobs and create 56 new jobs, expanding the footprint of advanced manufacturing in our community. This is more proof that Monroe County is open for business!” For more information about Rotork, click here. 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 | [email protected] | (585) 399-7055 Press Office | [email protected] | (800) 260-7313
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