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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Press Release

Thursday, April 28, 2022 - 10:46am
Dr. John Nader Succeeds Stuart Rabinowitz as LIREDC Academic Co-Chair Linda Armyn Succeeds Kevin Law as LIREDC Business Co-Chair The Long Island Regional Economic Development Council (LIREDC) today announced that Dr. John S. Nader and Linda Armyn have been appointed as Council Co-Chairs, effective immediately. Dr. Nader, President of Farmingdale State College, succeeds Hofstra University President Emeritus Stuart Rabinowitz as academic co-chair of the Regional Council. Linda Armyn, who serves as Senior Vice President of Corporate Affairs at Bethpage Federal Credit Union, succeeds Kevin Law, Executive Vice President of Tritec Real Estate and Empire State Development Board Chairman Designee. Since 2011, the LIREDC has secured more than $770 million to support over 950 projects across Long Island. ESD Acting Commissioner and President & CEO-designate Hope Knight said, "The Regional Economic Development Councils engage community stakeholders in the economic development process to support the State's efforts to create jobs and catalyze new regional investments. I congratulate Dr. John Nader and Linda Armyn on their appointments as the new Long Island Co-Chairs, and I thank Stuart Rabinowitz and Kevin Law for their time and dedication to the Regional Council, and for their work creating new economic opportunities across Long Island." Former LIREDC Co-Chair and ESD Board Chairman Designee Kevin Law said, “It's been my privilege to work alongside a terrific team on the Long Island Regional Economic Development Council. Together, we've supported inclusive economic growth that benefits all Long Islanders. I’m confident the LIREDC is in great hands and I look forward to supporting the Council’s efforts in my new role with ESD. Dr. John Nader and Linda Armyn are experienced, skilled visionaries, uniquely qualified to lead the Council and supercharge our momentum to bring Long Island to the next level. Long Islanders will be well served by their insight, integrity and consensus-driven approach, which will be essential as the LIREDC leads important new initiatives, including advancing local workforce development programs and advancing transformative projects for the Long Island Investment Fund." Former LIREDC Co-Chair and President Emeritus of Hofstra University Stuart Rabinowitz said, “I am honored to have served on the LIREDC and to partner with such a talented group of people in order to help grow Long Island’s economy, especially building on its unique, top-tier educational and R&D strengths. I am confident that Dr. John S. Nader will bring his deep understanding of, and commitment to, the region’s higher education landscape to find ways to incubate and catalyze ideas that have the power and potential to transform our economy and our daily lives.” LIREDC Co-Chair and President of Farmingdale State College Dr. John Nader said, “The LIREDC plays an important role in local economic development of the Long Island Region and I am honored to serve as a co-chair alongside Linda Armyn. By bringing together experts from industry, academia and nonprofits, the Council has developed strategic plans that have helped to fuel regional innovation and make Long Island a great place to live, work and visit. I look forward to building on the success of the Council and working to ensure Long Island’s economic prosperity.” LIREDC Co-Chair and Senior Vice President of Corporate Affairs at Bethpage Federal Credit Union Linda Armyn said, “I look forward to building upon the work of my predecessor, Kevin Law, and working with my Co-Chair Dr. John S. Nader and all those involved with the LIREDC to continue the Council’s transformative work. In my new role, and having already had the honor of working with the LIREDC, I’ve seen first-hand how our regional private-public sector collaboration, along with academia and labor, can help to grow manufacturing and innovation across Long Island’s multiple industry sectors, from tech to life sciences to clean industry and defense. I look forward to continuing that collaboration to grow the economy here on Long Island and across New York State.” Dr. John Nader has been a member of the LIREDC since 2018 and has served as co-chair of the LIREDC Workforce and Education Committee. Dr. Nader became President of Farmingdale State College in July 2016 where he has focused on the development of new academic programs, building partnerships with private industries and community colleges, advancing applied learning opportunities, and expanding support for student scholarships. He currently serves on the executive committees of the Long Island Regional Advisory Council on Higher Education and the Skyline Athletic Conference. Previously, Dr. Nader was Provost at SUNY Delhi, served as a member of O'Conner Hospital's board of directors, and presider of the SUNY Chief Academic Officers organization. As Mayor of Oneonta from 2005 to 2009, he led the revitalization of a long-dormant downtown property and the creation of a veterans' memorial walkway. Dr. Nader received a BA in Politics from Ithaca College, and an MA and a PhD in Economics from the New School for Social Research. Linda Armyn has been a member of the LIREDC since 2016 and has served as a member of the LIREDC’s Executive Committee, Co-Chair of Child Care Committee, and a member of the Downtown Revitalization Committee. Mrs. Armyn is Senior Vice President of Corporate Affairs at Bethpage FCU, where she began her tenure in 2001. With a focus on collaboration and innovation, Mrs. Armyn spearheads Bethpage Cares, a Bethpage FCU philanthropic effort that invests more than $2 million in communities of modest means annually. She also developed the Bethpage FCU Volunteer Income Tax Assistance program, which has seen Bethpage volunteers prepare more than $24 million in returns for low income Long Islanders since 2003. Mrs. Armyn is active within her industry as a member of legislative and advisory committees for the Credit Union National Association, NY Credit Union Association and the National Association of Federal Credit Unions. Locally, she serves as a board member for YMCA LI, Cradle of Aviation, Mentor NY, Child Care Council of Suffolk and a member of Stony Brook University Presidents Council. She is a graduate of the University of Maryland, College Park, and earned an MS in Corporate Communications from Northeastern University. About the Regional Economic Development Councils The Regional Economic Development Council initiative (REDC) is a key component of New York State's transformative approach to State investment and economic development. In 2011, the 10 Regional Councils developed long-term strategic plans for economic growth for their regions. The Councils are public-private partnerships made up of local experts and stakeholders from business, academia, local government, and non-governmental organizations. The Regional Councils have redefined the way New York invests in jobs and economic growth by putting in place a community-based, bottom up approach and establishing a competitive process for State resources. Since the establishment of the REDCs in 2011 until the most recent round in 2021, which is still in-progress, over $7.5 billion dollars was awarded to more than 9,100 economic and community development projects consistent with each region’s strategic plans. For more information on the Regional Councils, visit www.regionalcouncils.ny.gov. Contact: Emily Mijatovic | [email protected] | (212) 803-3692
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Press Release

Wednesday, April 27, 2022 - 11:29am
Contact Lens Manufacturer Will Expand its Distribution Center Operations in West Henrietta and Manufacturing Operations in Scottsville Investment Complements "Finger Lakes Forward" - The Region's Comprehensive Strategy to Revitalize Communities and Grow the Economy Governor Kathy Hochul today announced that CooperVision will expand operations at two separate locations in Monroe County, creating to up to 173 new jobs.  Citing an increase in global demand for its contact lenses and a growing product portfolio, the company will invest more than $38 million to significantly renovate its current facility and expand, by 150,000 square feet, its packaging and distribution facility on Thruway Park Drive in West Henrietta. The company will also complete a $24 million renovation of its manufacturing operations on North Road in Scottsville to better accommodate current and future product growth. The West Henrietta project will be completed by the summer of 2023. The updated manufacturing facility is also expected to be operational by the end of 2023.   "CooperVision has long been an important economic driver for Monroe County and the surrounding communities by providing quality jobs for hard-working New Yorkers," Governor Hochul said. "By supporting the company's investments in the Finger Lakes, we continue to demonstrate New York's steadfast commitment to fostering the growth of innovative businesses that will help move the Finger Lakes forward for generations to come."    The West Henrietta center processes and ships nearly one billion contact lenses each year to customers in North America, Latin America, Europe, the Middle East, Africa, and Asia-Pacific markets. As a part of its commitment to workforce health and safety, environmental responsibility, and renewable energy, CooperVision also plans to seek Leadership in Energy and Environmental Design (LEED) certification as part of the expansion. Currently, all the company's facilities across the Greater Rochester region are powered by 100 percent renewable energy. Founded in 1980, CooperVision, a division of CooperCompanies, is the 2nd largest manufacturer of contact lenses in the world. The company produces a full array of daily disposable, two-week and monthly soft contact lenses, available in more than 130 countries, that feature advanced materials and optics, and premium rigid gas permeable lenses for orthokeratology and scleral designs. The company conducts extensive ongoing research and development in optical and collaborates closely with eye care professionals who help to identify the evolving needs of contact lens wearers around the world. In September of 2021 CooperVision was named as one of Fortune's best large workplaces in manufacturing and production. The company's current local workforce includes more than 1,000 employees at its corporate offices in Victor, Ontario County, at the manufacturing facility in Scottsville and the packaging and distribution center in West Henrietta. Globally, CooperVision employs more than 12,000. CooperVision President Jerry Warner said, "Our West Henrietta site is one of the most technologically advanced distribution centers of its kind. Every day, our team—aided by innovations such as autonomous mobile robots and heads-up wearable displays—packages, stores, and ships millions of contact lenses to eye care professionals and consumers in multiple countries. The investment in additional packaging capabilities, storage technology, and upgraded warehouse management solutions enhances our industry-leading customer service reputation. Embracing and implementing sophisticated technologies is also essential for our Scottsville contact lens manufacturing facility, which is a jewel in our global network of production sites. We are excited by the opportunity to continue our technology and employee investment in the Finger Lakes region." Empire State Development is assisting the company with its continued growth in the region by providing up to $1.5 million in performance-based Excelsior Tax Credits at each project site in exchange for the company's job creation commitments. RG & E, Monroe County and Greater Rochester Enterprise are also providing assistance for the company's expansion. Empire State Development Acting President, CEO & Commissioner Hope Knight said, "CooperVision's planned expansion, investment and continued commitment to Monroe County showcases the opportunities for economic growth in the Finger Lakes region. These innovative projects not only benefit from the area's skilled and talented workforce, but will further build a tech ecosystem that is creating jobs both now and for the future."  Read the full release here.  
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Press Release

Tuesday, April 26, 2022 - 11:27am
New Office Will Target State's Workforce Development Efforts Toward Regional Businesses' Needs and Workers' Long-Term Success   Office Will Lead Broader $350 Million Workforce Development Initiative Approved in FY 2023 Budget, Including New Grant Programs That Will Primarily Support Employer-Driven, High-Skilled Workforce Training Programs  Input from Businesses in New Survey Will Inform Demand-Driven Workforce Development Model    Traducción al español Governor Kathy Hochul today announced the creation of the New York State Office of Strategic Workforce Development, which will be charged with improving the State's workforce development programs and practices to better align with the needs and priorities of today's employers. The Governor first proposed the new office in her State of the State address earlier this year and committed funding that was approved in the FY2023 budget. Governor Hochul is delivering on her commitment to strengthen the skills and talents of New York's workforce and help grow the economy. The $350 million investment in state funding will support wide-reaching, historic and coordinated investment in workforce development across state agencies and authorities and includes $150 million in multi-year funding for new grant programs that will primarily support employer-driven, high skilled workforce training programs.  "New Yorkers are still struggling to find work and opportunity due to the economic disruption of the pandemic," Governor Hochul said. "This issue is personal to me - I've seen steel plants close leaving workers with nowhere to go. With our brand new Office of Strategic Workforce Development, we are doubling down on our commitment to help train and connect New Yorkers with the good-paying jobs of the future."  Empire State Development Acting Commissioner and President and CEO-designate Hope Knight said, "The new Office of Strategic Workforce Development will optimize ESD's relationships with the state's industries and employers to generate new opportunities for New Yorkers and encourage regional economic growth. Together with our State University system and our agency partners, we can provide businesses with a talent pipeline to catalyze new investments throughout the state."   The Office of Strategic Workforce Development will function under Empire State Development (ESD), marking a decisive change in workforce development policy to one that is laser-focused on supporting the labor needs of the state's highest-growth sectors while producing new economic opportunity for un/underemployed and underrepresented workers. ESD will manage the Office in close coordination with agency partners, including the Department of Labor, the State University of New York, and the City University of New York, among others with significant expertise in and a track record of delivering successful workforce training programs. The Office will leverage ESD's relationships with employers throughout the state and its standing as a trusted partner in the business community to help identify employer needs early and train New Yorkers to meet those needs.   Read the full release here.
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Press Release

Monday, April 25, 2022 - 3:33pm
The World's Largest Silicon Carbide Fabrication Facility Will Support Growing Electric Vehicle, 4G and 5G Mobile, and Industrial Markets    New Facility is a Significant Step in Bolstering the U.S. Supply Chain for Advanced Manufacturing and Semiconductors     Governor Kathy Hochul today announced the grand opening of the Wolfspeed 200mm silicon carbide fabrication facility at the Marcy Nanocenter, located on the State University of New York Polytechnic Institute campus in Marcy in Oneida County. Wolfspeed, the global leader in silicon carbide technology and production, has committed to creating over 600 new jobs at the new facility within the first eight years of operation. In addition, the company will provide internships and research positions for students attending the State University of New York, helping to advance a manufacturing-oriented workforce development initiative across the State University of New York system. Wolfspeed is actively working with education and business partners across the region to establish a robust pipeline for the next generation of high-quality, high-tech jobs in the Mohawk Valley, including those in advanced manufacturing.   "By cutting the ribbon on this new chip fabrication facility, we are making good on the promise of being the most business-friendly and worker-friendly state in the nation, while cementing New York as the national hub for semiconductor production," Governor Hochul said. "Employers in cutting-edge industries like Wolfspeed will power the future of New York by bringing good paying jobs and educational opportunities to communities like this one, right here in Marcy. My administration is pulling out all the stops to position emerging industries for success in our state, and I thank Wolfspeed for this public-private partnership."  Chief Executive Officer of Wolfspeed Gregg Lowe said, "Our strategic expansion to the Mohawk Valley is the next chapter in Wolfspeed's exciting story. The need for silicon carbide is tremendous as we look toward a technological future primed for energy efficiency and sustainability. We are very fortunate to have landed in the Mohawk Valley Region - a place that is rich in talent, drive, and promise for the future."   The opening of Wolfspeed's Mohawk Valley fabrication facility comes at a crucial time when there is a global shortage of semiconductors or "chips", which has been exacerbated by the COVID-19 pandemic. Wolfspeed has committed to establishing a silicon carbide corridor on the east coast of the United States, anchored by the Mohawk Valley fab and its headquarters and materials operations in North Carolina.   The Mohawk Valley fab will dramatically increase capacity for Wolfspeed's business and support the semiconductor industry transition from silicon to silicon carbide. Silicon carbide will be essential for electric vehicles, renewable energy and energy storage, and the advancement of industrial applications. The project is a prime example of how New York can help semiconductor companies of all sizes, and in particular manufacturers, by serving as a major hub and headquarters of the National Semiconductor Technology Center (NSTC). While construction was underway in Marcy, Wolfspeed was able to partner with NY CREATES to run its wafer processes and qualify tools at the Albany Nanotech Complex before moving the tools and equipment into the recently completed facility, which reduces the time from fab completion to chip production. Governor Hochul has been a strong advocate for placing the NSTC at the Albany Nanotech Complex, the most advanced, publicly-owned 300mm semiconductor research and development facility in North America and one of the most cutting-edge sites in the world. Read the full press release.
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Press Release

Friday, April 22, 2022 - 4:00pm
Industry Veterans David Anderson and Dr. Douglas Grose Will Lead Effort to Bring Major Hub of the New National Semiconductor Technology Center to Albany Nanotech Complex Governor Kathy Hochul today announced the appointment of David Anderson as president of the New York Center for Research, Economic Advancement, Technology, Engineering and Science. Anderson, an industry veteran with decades of experience, will team with Dr. Douglas Grose, past president and former chair of NY CREATES, to lead the State’s strategy for securing billions of dollars in federal funding to establish the Albany Nanotech Complex as a primary research and development hub and the headquarters of the proposed National Semiconductor Technology Center. “As supply chain concerns and global conflicts continue to impact the production of microchips, New York stands ready to spearhead the revitalization of the semiconductor industry domestically,” Governor Hochul said. “The experience and expertise of David Anderson and Dr. Douglas Grose will play a key role in our efforts to drive the nation's innovation economy forward as we continue our economic comeback from COVID-19. I look forward to these industry players leading the way and we will remain laser-focused on growing this crucial industry, which will cement New York as the national hub for semiconductor manufacturing.” David Anderson joins NY CREATES after most recently serving as President for SEMI Americas, a division of SEMI, the leading global industry association for the electronics manufacturing and design supply chain. Anderson brings the knowledge and skills necessary to lead the statewide organization into its next chapter of innovation and success, with his decades of experience in the semiconductor and microelectronics industries, leadership positions with multiple associations and consortia, and expertise on global supply chain issues. Read the full press release.
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Board Meeting

Thursday, April 21, 2022 - 10:00am
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, April 20, 2022. All comments received by the deadline will be distributed to the Directors prior to the meeting and will posted online.
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Board Meeting

Wednesday, April 20, 2022 - 3:00pm
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) April 20, 2022 at 3:00 pm. Members of the public may submit comments on the Agenda items in writing by noon on Monday, April 18, 2022 to: [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 materials are posted on LMDC’s website www.renewnyc.com.
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Public Notice

Wednesday, April 13, 2022 - 2:00pm
View all grants to be presented at the batch virtual public hearing.
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Report

Monday, April 11, 2022 - 6:24pm
Empire State Development (ESD) oversees administration of the Empire State Commercial Production Tax Credit Program. The Program is designed to increase the production of commercial filming in New York State. Commercial Production Tax Credit Program Annual Report: 2020
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Board Meeting

Monday, April 11, 2022 - 2:00pm
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 5:00 p.m. on Friday, April 8, 2022.
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