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

Wednesday, November 17, 2021 - 3:30pm
In accordance with recently passed Legislation, this meeting will be conducted via teleconference. The public may listen to the meeting via webcast (audio) by clicking the link below on (or after) November 17, 2021 at 3:30 p.m. Members of the public may submit comments on the Agenda items in writing by Noon on Tuesday, November 16, 2021: [email protected] All comments received by the deadline will be distributed to the Directors prior to the meeting and will posted on-line. The Agenda and the WTC Site 5 related material (Agenda Item V) are posted at www.renewnyc.com.  The remaining material will be posted in advance of the meeting.
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Press Release

Tuesday, November 16, 2021 - 5:15pm
First New LIRR Station in Almost 50 Years Will Provide Service to UBS Arena on Event Days Eastbound Platform Opens First; Westbound Platform to Open in 2022 Photos Available Here  View Video from Today's MTA News Conference Here Governor Kathy Hochul today announced the Long Island Rail Road Elmont Station, the first new LIRR station in almost 50 years, will open for service on Saturday, Nov. 20. The beginning of service will coincide with the New York Islanders' first home game at UBS Arena. The Elmont Station will initially offer eastbound service to the new home of the New York Islanders, UBS Arena, as well as nearby Belmont Park, which retains its own dedicated station.  "Nothing says New York is back like building bigger and better transportation infrastructure," Governor Hochul said. "Just in time for the Islanders' season opener, the start of service for the first new LIRR station in 50 years is the type of project that my administration will continue to pursue as we strive to make Long Island more accessible and give Long Islanders the quality public transportation they deserve."  "The new Elmont station is a testament to New York's resilience in our ability to rebuild and move forward from where the COVID-19 pandemic set us back," Lieutenant Governor Benjamin said. "The completion of this project is a victory for Long Island and is just the beginning of what will be an exciting future of mass transit investment." Service at the station will increase next summer when the westbound platform opens. At that time, the station will begin full-time year-round service to the local community and will begin to provide westbound service to and from events at UBS Arena and Belmont Park. Long Islanders who live east of Belmont on the Hempstead, Oyster Bay, Port Jefferson and Ronkonkoma Branches will have a one-seat ride straight to events for the first time. This will reduce travel times and is expected to increase the number of event attendees who use public transportation, helping alleviate traffic congestion on Long Island.  When both platforms are complete, the new station will feature two 12-car-long high-level platforms with canopies, elevators that are compliant with the Americans with Disabilities Act, a pedestrian overpass, USB charging stations, Help Points, security cameras, digital signs with train arrival information, Wi-Fi and a state-of-the-art snow melting system embedded in the concrete of the platforms to ensure they remain free of snow and ice during winter storms.  Read the full press release here. 
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Board Meeting

Monday, November 15, 2021 - 11:00am
Due to public health concerns and as authorized by Executive Order of the Governor, this meeting will be conducted via teleconference. The public may watch the meeting via webcast the link below. Members of the public may submit comments on agenda items in writing to [email protected] by 5:00 p.m. on Friday, November 12.  
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Press Release

Friday, November 12, 2021 - 5:03pm
NYS Supported Project Will Create Nearly 380 New Jobs Investment Complements "Finger Lakes Forward" - The Region's Comprehensive Strategy to Revitalize Communities and Grow the Economy Governor Kathy Hochul today announced that leading alternative energy technology provider Plug Power Inc. has officially opened its new, $125 million Innovation Center in the Town of Henrietta, Monroe County.  "Plug Power is a key partner in New York State's efforts to move both the state and the nation toward a more renewable future," Governor Hochul said. "The state-of-the-art Innovation Center will help to further establish New York State as a green energy leader. This innovative company's continued investment in statewide expansion is truly a testament to their commitment to create new, green jobs and to boost economic growth in their home state." With today's announcement, Plug Power has established the world's first ever Gigafactory for Proton Exchange Membrane (PEM) technology where it will manufacture hydrogen fuel cell stacks and electrolyzers. The fuel cell stacks are used in its ProGen hydrogen fuel cell engines, which are used to power a variety of electric vehicles, including material handling equipment, on-road commercial fleet vehicles, and drones. The electrolyzers are utilized in the generation of green hydrogen from renewable electricity. The company is planning to create up to 377 new jobs at the John Street facility due to the support of Empire State Development, which is providing up to $13 million in Excelsior Tax Credits, and the New York Power Authority, which is providing 5.1 megawatts of low-cost ReCharge NY power. Monroe County, Rochester Gas and Electric, and Greater Rochester Enterprise also assisted with the project. Read the full press release here.
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Press Release

Friday, November 12, 2021 - 5:00pm
Mascot Designed by Kristina Ingerowski, Farmington Native and Fashion Institute of Technology Sophomore  Nearly 150 Submissions Received from Entrants Across 35 Counties  Mascot Photos Available Here  Governor Kathy Hochul today announced that Adirondack Mac will serve as the official mascot for the Lake Placid 2023 FISU World University Games. The moose mascot was designed by Kristina Ingerowski, a sophomore at the Fashion Institute of Technology and a native of Farmington, Ontario County. Adirondack Mac will be a highly visible symbol of the Games, which attract a global audience. Mac will appear in various forms including a live, costumed character; as merchandise including toys, stuffed animals, apparel and other souvenirs; and in promotional materials. The Lake Placid 2023 FISU World University Games are scheduled for January 12-22, 2023.  "New York State has a proud legacy of hosting international competitions, and we look forward to welcoming college athletes and coaches from around the world to Lake Placid and the Adirondacks for the FISU World University Games in 2023," Governor Hochul said. "The mascot design competition was a unique way to showcase the talent and creativity of New Yorkers, and I want to congratulate Kristina Ingerowski on her winning design."  As the mascot for the Games, Adirondack Mac will help to showcase the beauty, charm and sporting heritage of New York's Adirondacks. Mac stands at six-feet tall and has a personality as big as the namesake region. During the winter, Mac can be seen on the slopes of Whiteface and Gore Mountains or skating around Herb Brooks Arena, while the summers include training with some of the best athletes at the area's world-class facilities. Mac has been known to relax, too, by exploring the many shops and unique restaurants throughout the North Country communities; hiking to some favorite fall foliage spots; and wading into any of the area's lakes and waterways to enjoy some fishing and swimming. The moose represents the best of what New Yorkers and the participating athletes have in common: strength, courage and determination.  Read the full press release here.
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Press Release

Wednesday, November 10, 2021 - 4:58pm
Project Provides 14 New Homes for First Time Homebuyers  Empire State Development today announced the completion of the $2.1 million Columbia Terrace Veteran Condos, an affordable housing development in Huntington, Suffolk County, providing 14 new homes with a preference for first time homebuyers. As part of the project, each homeowner will receive affordable mortgage products and down payment assistance.  Empire State Development Chief Operating Officer and Executive Deputy Commissioner Kevin Younis said, “The Columbia Terrace Veteran Condos project is the latest example of Governor Hochul’s and ESD’s commitment to growing economic opportunity for all New Yorkers through strategic investments in affordable housing. Made possible by the Restore New York Communities Initiative, this project will provide safe, reliable homes for New York’s veterans— helping create a thriving, vibrant community in Suffolk County for decades to come.”  About Columbia Terrace Veteran Condos  The project involved rehabilitating the interior and exterior of two properties: 1 Tower Street, which had been vacant, as well as demolition and new construction at Railroad Street in Huntington. This project was made possible through a $1.56 million grant from Empire State Development, including $1.17 million through the state’s Restore New York Communities Initiative, which will assist in keeping the new housing affordable.  Senator Jim Gaughran said, “"After bravely serving our country, too many veterans return home and struggle to find affordable housing. As home to one of the largest veterans' populations in the nation, I am thrilled Suffolk County can welcome this new affordable housing community."  Assembly Member Steve Stern said, "I am proud to join with my colleagues as we cut the ribbon on this beautiful new Veterans Affordable Housing development in Huntington Station. As a member of the New York State Veterans' Affairs Committee, I have the privilege of working with and for the brave men and women who sacrifice so much to protect our great nation and with their families. The transition from military service to civilian life poses many challenges, including access to affordable housing. This project is a critical step in meeting this challenge and I thank my partners in state and local government for their tireless work to ensure that we always provide meaningful support to those who protect our freedom and our way of life."  Suffolk County Executive Steve Bellone said, “With more than 90,000 veterans residing right here in Suffolk County, it is our job to ensure that these local heroes have a safe, reliable place to call home. Suffolk County is proud to support this new condo development, which will make affordable homeownership a reality for our veterans, who put their lives on the line for our freedoms.” Huntington Town Supervisor Chad A. Lupinacci said, "After much work and anticipation, the Offering Plan for Columbia Terrace has been approved, and we will soon be able to see first-time veteran homebuyers move in to call these condos home. If you are a veteran and qualified to apply, we strongly encourage you to do so. This is one of very few, if not the only multiple affordable housing dwelling specifically for veterans in Suffolk County, which is home to the largest veterans population in New York."  About Restore New York Communities Initiative  The Restore New York Communities Initiative supports municipal revitalization efforts by awarding funding to cities, towns and villages for projects that reinvigorate downtowns and generate new economic opportunity. This includes demolition, deconstruction, rehabilitation or reconstruction of vacant, abandoned, condemned and surplus properties, with an emphasis on projects located in economically distressed communities.   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 Kathy Hochul’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.  Contact: ESD Press Office | [email protected] | (800) 260-7313 Emily Mijatovic | [email protected] | (212) 803-3692
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Press Release

Wednesday, November 10, 2021 - 3:59pm
State to Work with Residents, Community Leaders and Public Officials to Revitalize Chinatown Downtown Revitalization Investments Are Crucial Part of the State's Comprehensive Strategy to Revitalize Communities and Grow the Economy Governor Kathy Hochul today announced that Chinatown will receive $20 million in funding as the New York City Region winner of the fifth round of the Downtown Revitalization Initiative (DRI). As part of DRI Round 5, each of the state's 10 regional economic development regions are being awarded $20 million, to make for a total state commitment of $200 million in funding and investments to help communities boost their post COVID-19 economies by transforming downtowns into vibrant neighborhoods. "Chinatown serves as a beacon of cultural richness and diversity, not just for New Yorkers, but for the entire world," Governor Hochul said. "With this award, Chinatown will shine even brighter and reach its fullest potential as a vibrant community and an international arts and cultural destination. Strategic public investments like this spark an upward cycle of revitalization that takes on a life of its own by enhancing community pride, creating a positive buzz and attracting private sector investments."  Lieutenant Governor Brian Benjamin said, "Chinatown now joins a growing list of motivated communities throughout the State that have transformed their downtowns through this innovative and nation-leading program. This award will help ensure an equitable recovery for this vital community, and will further bolster the renaissance in downtown redevelopment that is spreading and flourishing throughout New York State."  Read the full press release here.
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Press Release

Wednesday, November 10, 2021 - 3:55pm
Hiring Will Start Immediately For Software Development Center  Jobs to be Filled by Local Applicants and Will Pay $80,000 on Average with a Recruitment Effort in the City's Refugee Community Governor Kathy Hochul today announced that Rural Sourcing, Inc. - a leader in onshore digital engineering - will establish a software development center in downtown Buffalo, creating 150 new jobs. The jobs will be filled by local applicants, with a recruitment effort in the city's refugee community, and pay an average salary of $80,000. Rural Sourcing will initially temporarily locate at a to-be-determined location, with plans to continue searching for 15,000 square feet of permanent office space. "We welcome Rural Sourcing to Buffalo's growing innovation economy," said Governor Hochul. "The company is creating high-quality jobs and new technology corridors across the country and we are proud that it has added Buffalo as its newest location to provide technology solutions and resources.  In the midst of the company's major growth cycle, Buffalo offers an impressive IT ecosystem, workforce and higher education advantages, as well as low operating costs and high quality of life benefits." Monty Hamilton, CEO of Rural Sourcing said, "Buffalo is a great city with a rich history. It is important for us to locate areas with a high quality of life where we can recruit top talent in the region. The focus and investment in STEM education at the middle and high school levels, as well as the state's overall investment in software development talent, make it a great location for us. The demand for our 'Scrum-as-a-Service' delivery model continues to grow among our Fortune 500 clients as well as for fast moving digital platform companies. Our plans are to create and fill 150 software engineering jobs in Buffalo to help meet this strong market need." Rural Sourcing is committed to its mission of creating high-quality technology careers throughout Middle America and making an impact in the communities in which it operates. It posted double digit growth in 2020, contracting outsourced software development projects for which they build, deploy and optimize critical online applications. The company currently operates eight sites through the United States and was seeking additional market expansion to fulfill current business obligations and capture additional market growth opportunities. Apply in Buffalo here. Since being founded 13 years ago, Rural Sourcing has remained steadfast to its mission to bring technology jobs to parts of the country where there otherwise would not be opportunities. This model has proved successful by providing a low-risk, high-collaboration solution for clients, while delivering the quality and responsiveness that are needed in today's fast paced digital world. Empire State Development (ESD) will provide RSI up to $3.4 million in Excelsior Jobs Tax Credits in exchange for creating 150 jobs.    Empire State Development Chief Operating Officer and Executive Deputy Commissioner Kevin Younis said, "In today's digital economy, Rural Outsourcing is a leader looking to further scale its national footprint and digital service offerings.  We're proud that Rural Outsourcing chose Buffalo, with its diverse and talented workforce, as its newest tech hub." Read the full press release here. 
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Press Release

Tuesday, November 9, 2021 - 3:08pm
Terminal B Abandoned Warehouse and 7 Acres of Contaminated, Inaccessible Property Will Be Transformed into Outdoor Events Center Photos Available Here Governor Kathy Hochul today announced the start of construction on a $13 million outdoor entertainment pavilion on Buffalo's Outer Harbor. The project will renovate the long-abandoned Terminal B warehouse into an events center that utilizes existing parking and reclaims seven acres of contaminated property to open additional public access with scenic new lake views. The project will also beautify the habitat with new trees, shrubs and meadow areas, and add diverse plants to support migrating and nesting birds. Construction is expected to be completed by Fall of 2023. "Projects like Terminal B's transformation are critical to my administration's continuing efforts to invigorate and elevate the unique cultural attractions that make Buffalo so special," Governor Hochul said. "I am incredibly excited for the opportunity the pavilion will provide New Yorkers to appreciate my hometown's beautiful waterfront in a whole new way." "This new, one-of-a kind events center will convert abandoned and contaminated property into performance space and access to revitalized green space," Lieutenant Governor Benjamin said. "This $13 million investment is an important part of the on-going work to ensure that all New Yorkers can enjoy the natural beauty of Buffalo's waterfront."  This project, which takes up only 5% of the 200-acre property, is just one part of a comprehensive plan developed over five years with the community and stakeholders. 30 feet high and occupying approximately 100,000 square feet in area, the metal framed warehouse Terminal B rests on a landfill created from dumped material dating back over a half century ago and is currently inaccessible to the public. The renovation will reduce the terminal to its metal frame and concrete deck, a portion of which will become a canopied stage.  There will be a green room for performers and another for mechanicals built inside the space. A sloped lawn, new landscaping and stairs will be added to enhance accessibility. The existing asphalt drive will be renovated with a secondary walkway added around the sloped lawn connecting to the existing Lakeside Lawn and circulation path. Site lighting and other security measures will be installed near the structure and along the pedestrian paths leading to the main entry.  The Buffalo Philharmonic Orchestra will be amongst the many performers using the space for future concerts. Funding for the project is being provided by Empire State Development (ESD) and ECHDC via the New York Power Authority through relicensing agreements tied to the operation of the Niagara Power Project. Read the full press release here. 
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Press Release

Tuesday, November 9, 2021 - 2:51pm
Headquarters to be Established in Buffalo's Historic and Culturally Rich East Side Project at the Nash Lofts Building Complements Governor Hochul's Commitment to Revitalizing New York's Cities Governor Kathy Hochul today announced the completion of the National Association for the Advancement of Colored People's (NAACP) Buffalo headquarters in the Nash Lofts, a newly renovated building located in Buffalo's Michigan Street African American Heritage Corridor. The office space is being provided rent-free by the developer, along with free parking for visitors to the Corridor. Nash Lofts, a $6 million restoration project, is a 40,000 square-foot mixed-use building that will include 18 new apartments, commercial space, parking and a restaurant. The project functions as a gateway into the Michigan Street African American Corridor, which is a nationally - and internationally - recognized neighborhood that serves as the focal point for residents and visitors interested in learning about Buffalo's rich history through its historic community, shops, restaurants, architecture, people, and institutions. "I am proud to welcome the NAACP to its new home in Buffalo's Michigan Street African American Corridor," Governor Hochul said. "The restoration of the Nash Lofts is a key step in strengthening this historic neighborhood and will make the perfect home for the NAACP as it continues to fight for equality, justice and a better future for us all." Lieutenant Governor Brian Benjamin said, "I am ecstatic about the NAACP finding its new headquarters in this already historic neighborhood. Now more than ever, it is important we provide unhindered access to resources groups like the NAACP provide for our marginalized communities. I look forward to seeing the NAACP continue to add to Buffalo's development and culture." For more than a century the NAACP has worked to ensure the political, educational, social and economic equality of all people and to eliminate race-based discrimination. Recent incidents of police brutality, the fight against COVID-19, and voter suppression have driven the NAACP to disrupt inequality, dismantle racism, and accelerate change in key areas including criminal justice, health care, education, climate and the economy. Read the full press release here.
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