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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Board Meeting

Thursday, October 18, 2018 - 9:30am
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Press Release

Wednesday, October 17, 2018 - 4:00pm
Governor Andrew M. Cuomo today announced the Syracuse Mets are committing to sign a lease extension to call Syracuse home for at least 25 years. New York State is committing $12.5 million to Onondaga County's major renovation project at NBT Bank Stadium in Syracuse, in preparation for the arrival of the Mets' minor league franchise in 2019. The $26.25 million project will result in an improved experience for dedicated baseball fans and visitors while ensuring the Mets' farm-team will stay in Syracuse until at least 2043. The Governor also announced the team has been renamed and will now be known as the "Syracuse Mets." "Baseball has been ingrained in Syracuse's history for more than 80 years, and this critically important investment will ensure that it remains an 'amazin' part of this community's future for decades to come," Governor Cuomo said. "By renovating this stadium, we are going to attract new and old fans alike, generate economic activity and increase tourism across the region and help foster the next generation of baseball greats." Last November, Governor Cuomo announced an agreement had been reached for the New York Mets to purchase the franchise rights to the Syracuse Chiefs, a Triple-A minor league baseball franchise, for approximately $18 million. The deal ensured that the team would continue to play at NBT Bank Stadium through at least 2025. Read the full press release here. 
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Press Release

Wednesday, October 17, 2018 - 11:50am
Investment Complements "Central NY Rising" - The Region's Comprehensive Strategy to Revitalize Communities and Grow the Economy Governor Andrew M. Cuomo today announced that plastics product manufacturer Dutchland Plastics has expanded its operations into the Village of Canastota, Madison County. The company today officially opened its new, 50,000 square-foot facility on Barlow Street. The expansion will facilitate the creation of at least 42 new full-time jobs over the next two years; 23 positions will be retained. Dutchland Plastics, the country's leading contract manufacturer of custom rotationally molded or "rotomolded" plastics products, had considered moving its operations in Central New York out of state but elected to stay in New York due to provided incentives. "Dutchland Plastics has a long history in Central New York and this investment and expansion proves the company's continued commitment to the area," Governor Cuomo said. "The new, well-paying jobs that will be created over the next few years will contribute to the region's continued economic growth as Central New York continues to rise." "The canal community of Canastota has a rich history, and New York State is investing to ensure progress for a prosperous future," said Lieutenant Governor Kathy Hochul. "Dutchland Plastics' decision to expand with a new facility in the village will create additional job opportunities and spur economic growth in the area. The Central New York region is rising with state investments to help companies like Dutchland Plastics grow and to continue to attract new businesses and visitors to the area." Read the full press release here. 
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Press Release

Tuesday, October 16, 2018 - 12:43pm
Empire State Development (ESD) today announced the release of the Long Island City Life Sciences Feasibility Study, which was conducted by the Long Island City Partnership. The study, which was funded in part by an ESD grant recommended by the New York City Regional Economic Development Council (NYCREDC), found that Long Island City is a critical part of the industry’s potential future in New York City, providing a combination of affordable space, access to transit and a lively community. ESD President, CEO and Commissioner Howard Zemsky said, “Long Island City has a critical role to play in fostering the establishment of a life sciences hub in New York City. We are proud to see the results of this state investment and look forward to building on the report’s conclusion that the neighborhood has much of what is needed for a successful hub, including affordable space, access to transit and an excellent workforce.” The report highlights the neighborhood’s ample development sites, appropriate building stock, favorable zoning for life sciences uses, relative real estate costs, proximity to both Manhattan’s East Side medical research corridor and the Cornell Tech innovation campus on Roosevelt Island, convenient access to two major airports and high quality live-work character. Long Island City has 8 million square feet of office and industrial space, making it one of New York City’s largest central business districts. In Round VII of the Regional Economic Development Council initiative, New York State awarded $100,000 to fund the report, which is the result of an extensive series of interviews with 50 key stakeholders in academic, medical and research institutions; government; the real estate industry; life sciences companies at all stages of the business life cycle; and venture capital. The study analyzes three other U.S. life sciences hubs and conducts an economic impact analysis to identify jobs and spending that could be generated by a cluster’s construction and operation. Finally, it gives specific recommendations to further advance a life sciences sector in Long Island City and ensure it grows. The Long Island City Life Sciences Feasibility Study is available here. New York City Regional Economic Development Council Co-Chairs Partner of Fisher Brothers Winston Fisher and President & COO, New York Genome Center Cheryl A. Moore said, “We are proud to see that the Long Island City Life Sciences Feasibility Study concludes that the neighborhood has ample resources to become the city’s next life sciences industry hub.  We look forward to seeing the city and state build on Long Island City’s potential as a well-located area with the right mix of transit, real estate and the arts to foster a thriving life sciences community.” “New York City is home to some of the finest life sciences research institutions in the world,” said NYCEDC President and CEO James Patchett. “ESD and the Long Island City Partnership’s work affirms that the commercial life sciences sector is poised for growth, and that Long Island City is a great home for it. Through our LifeSciNYC intiative, NYCEDC looks forward to supporting this growth, and further solidifying New York City as a global leader in life sciences.” “Long Island City's potential is limitless. It is well on its way to becoming the city's next great neighborhood when it comes to innovation and economic growth,” Queens Borough President Melinda Katz said. “And the Long Island City Life Sciences Feasibility Study shows, all the ingredients are there for LIC to become the heartbeat of the city's growing research and development sector. In terms of economic development and scientific advancement, this is the kind of investment that will help LIC realize its unlimited potential.” "This study, funded in part by Empire State Development through the NYC Regional Economic Development Council, uncovered a specific and essential role for LIC in the development of a self-sustaining Life Sciences Cluster in the New York Region.  Simply put — LIC’s strengths as a community and opportunities for space align with life sciences company needs and the NYC markets specific demands,” said Elizabeth Lusskin, President of the Long Island City Partnership. “Having been part of the growth of the city's commercial life sciences sector from its seminal stages, I am thrilled to see the activity and enthusiasm happening right now.  New York's density and transportation system makes it possible for a cluster to develop away from the traditional East Side medical corridor, and current national trends support the development of larger subclusters outside of expensive city centers. LIC has so many of the right characteristics and assets for the life sciences cluster of today and, importantly, of tomorrow. Now is exactly when we should be ‘all systems go’ in Long Island City,” said Yasmeen Ahmed Pattie, Principal, East Egg Project Management. "Crosswalk Ventures believes that Long Island City offers the critical elements of physical space, proximity to major academic medical centers, and work/life community that are essential to recruiting experienced management teams, and building successful life science companies,” said Tom Cirrito, PhD, Chief Investment Officer, Crosswalk Ventures. “We recognize the level of enthusiasm that has been growing around the opportunity to catalyze a life science ecosystem in Long Island City, and it is apparent that the efforts of major stakeholders are converging to make this life science cluster a reality. We are excited to be an integral component of this new chapter in the New York life science industry.” “Long Island City has a key set of ingredients that we look for in a biotech hub: good building stock and zoning, replicability potential, multiple great transportation lines and easy connections to New York’s world-class research institutions,” said Nicole McKnight, PhD, Managing Director, BioLabs New York/BioLabs@NYULangone. “But there are some unique features that make LIC so desirable including an unrivalled live-work community, an artistic vibe, wonderful city and river views, and even brewery crawls. In a way it reminds us of Kendall Square in the 90s, but with a New York flavor that will be loved by our life science entrepreneurs.” “In the 21st Century, the life sciences field will play multiple roles in society, from helping to expand our understanding of nature, to improving life expectancies, to serving as a major engine of economic growth. Up until a few years ago, New York City was one of the leading hubs of life science research, but lagged in the retention of commercial life sciences businesses.  This is now changing rapidly.  With that change, it is critical that the City identify neighborhoods in which this industry can reach critical mass.  With its mixed-use character, excellent transit connectivity, growing, high-skilled workforce and access to Manhattan’s world-class academic medical facilities, Long Island City is ideally-positioned to fill this role,” said Seth Pinsky, Executive Vice President, Fund Manager Metro Emerging Markets & Public Affairs Director, RXR Chair, LICP Life Sciences Committee. “The LIC Life Science Feasibility Study is a comprehensive review highlighting the critical role that LIC will play in the growth of the life science in NYC. The study reveals many of the attributes that brought us to conclude that an important life science node will soon form in LIC.  With the continued support of the State and City, the life science industry is poised for growth and future success in LIC,” said Rob Albro, Managing Director, King Street Properties. 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 Governor Cuomo’s 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.     Contact: Adam Kilduff | adam.kilduff@esd.ny.gov | (212) 803-3744 ESD Press Office | pressoffice@esd.ny.gov | (800) 260-7313
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Public Notice

Monday, October 15, 2018 - 1:00pm
Main Street Theater Partners Capital Project
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Public Notice

Monday, October 15, 2018 - 10:00am
Albany Distilling Capital Project
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Public Notice

Monday, October 15, 2018 - 6:40am
Nathan Littauer Hospital & Nursing Home Capital Project
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Press Release

Friday, October 12, 2018 - 12:54pm
Governor Andrew M. Cuomo today announced four Western New York communities have been selected to receive Smart Growth Community Funds. The Village of Alfred, Village of Fredonia, Village of Lancaster and City of Tonawanda will each be awarded a portion of $10 million in funding from the Buffalo Billion II initiative to support projects that utilize existing infrastructure to support placemaking, walkable communities and sustainable development. “Western New York is thriving as it continues to embrace downtown redevelopment that drives local economies across the region,” Governor Cuomo said. “Through the Smart Growth Community Fund, we are encouraging the growth of new businesses, housing, and greenspace that will help attract young workers and further fuel the area’s transformation.” “We’re transforming upstate New York with a record amount of funding and creating new jobs and opportunities for residents,” said Lieutenant Governor Kathy Hochul, who delivered today’s announcement. “As a native Western New Yorker, I know what it was like to see factories close and jobs disappear, but that is now a reality of the past. As part of the Smart Growth Community Fund, we’re investing in local projects in communities across the region to revitalize downtowns and pursue smart growth. The progress and commitment in Western New York is evident, and the transformation is only beginning.” Read the full press release here. 
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Public Notice

Friday, October 12, 2018 - 11:00am
Slic Network Solutions, Inc. Capital District Broadband
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Public Notice

Friday, October 12, 2018 - 9:00am
Slic Network Solutions Inc. Clinton County Broadband
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