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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Thursday, December 8, 2022 - 10:25am
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Press Release

Wednesday, December 7, 2022 - 5:06pm
Includes Upgrades to Winter Sports Facilities, New Retail and Dining Areas, Improvements to Raise Environmental Standard for Future Host Cities Newly Renovated Lake Placid Olympic Museum to Open Tomorrow at Lake Placid Olympic Center Tickets to Lake Placid 2023 FISU World University Games Available Here Governor Kathy Hochul today announced the completion of a $104 million renovation of the Lake Placid Olympic Center ahead of the Lake Placid 2023 FISU World University Games, which will take place from January 12-22, 2023. The renovations, completed by the New York State Olympic Regional Development Authority, include upgrades to the Olympic Center's year-round facilities, as well as an all-new retail shop, indoor and outdoor dining area, and a fully updated Lake Placid Olympic Museum, which will open tomorrow, Thursday, December 8. Together, these upgrades mark the completion of final preparations for the Games and will support future winter sporting events in Lake Placid.         "The transformation of the Lake Placid Olympic Center honors the region's rich winter sport history and cements its standing as a global winter sport destination for decades to come," Governor Hochul said. "With these renovations now complete, New York is officially ready to welcome athletes and spectators from all over the world to next year's World University Games. I look forward to seeing the new arenas, shops, and dining areas in-person next month, and I encourage all New Yorkers to buy their tickets to this once-in-a-lifetime sporting event."     The Lake Placid 2023 FISU World University Games are an 11-day multi-winter sports event and educational festival, which is expected to draw 1,500 athletes from more than 50 countries and 600 universities to compete in 12 winter sports and 86 medal events. Tickets to the Games are available here.      Renovations to the Olympic Center, which is maintained and operated by ORDA, include revitalization of the 1980 Herb Brooks and 1932 Jack Shea Arenas, reconstruction of the James C. Sheffield Speed Skating Oval, an upgraded refrigeration plant, and larger, redesigned guest spaces. The venue's Miracle Plaza will also now have a new retail shop where visitors can purchase gifts and souvenirs and space for indoor and outdoor dining at Roamers Café with incredible views of the Adirondack High Peaks.       Read the full press release here.
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Press Release

Tuesday, December 6, 2022 - 2:19pm
Award-Winning Independent Design and Manufacturing Company Finalizes Move of Headquarters from Brooklyn to the Town of Ulster Empire State Development today announced the grand opening of the new global headquarters for RBW, a lighting design and manufacturing company, in the town of Ulster. In order to meet growing customer demand, RBW has acquired a new 100,000 square foot facility and will invest over $5.4 million for acquisition, construction and renovation and the purchase of machinery and equipment for their operations. Empire State Development has awarded RBW up to $547,500 in Excelsior Jobs Tax Credits in exchange for the retention of 35 and the creation of 49 new, local jobs. Lieutenant Governor Antonio Delgado said, "RBW has a forward-thinking vision that incorporates sustainability, cutting edge research and development, as well as innovation into their facility and products. We are pleased that they chose to locate their manufacturing facility in the Mid-Hudson Region." Empire State Development President, CEO and Commissioner Hope Knight said, "RBW is a dynamic and creative company and is a perfect fit for the vibrant and up and coming Mid-Hudson Region. Manufacturing is an important component to the regional economy and RBW is creating beautiful products and their investment is bringing good jobs to Ulster County." RBW Managing Partner Charles Brill said, "RBW is looking forward to growing into its new headquarters for innovation and creativity in Kingston. We’re placing innovation at the forefront of all our projects and letting that mindset lead us. Whether that’s honoring our B Corp commitment and making a positive impact on the planet and our community, or establishing a state-of-the-art Industry 4.0 factory floor, we plan to be on the frontier of it all." RBW was founded in 2008 by Rhode Island School of Design graduates Theo Richardson, Charles Brill and Alex Williams. The three were college roommates sharing a basement studio on the Lower East Side in Manhattan and determined to embark on their design career, started out upcycling found objects to create furniture and eventually lighting fixtures. Early success landed them clients such as Urban Outfitters and eventually Fitbit, Yelp, Uber as well as high-end hotels across the country. From the Lower East Side, the company eventually established their headquarters in Brooklyn and after expanding several times, has set up operations in a new and larger facility in the Mid-Hudson Region that is 8x the scale of their previous headquarters and production space. RBW has renovated 100,000 square feet of their building, located at 575 Boices Lane, which has been largely vacant for the last five years. They added a new roof, solar panels, energy efficient LED lighting, daylight harvesting, dimming controls, and use collaborative robotics. Senator Michelle Hinchey said, "When visionary companies like RBW decide to move their global manufacturing headquarters to small upstate cities like Kingston, it feeds local innovation, delivers good local jobs, and supports the growth of a skilled local workforce — everything we are working towards to firmly establish upstate as a real economic driver. I’m proud to support this momentous grand opening, and I thank RBW for focusing its expansion in Ulster County." Acting Ulster County Executive Johanna Contreras said, "RBW is exactly the type of business we are striving to bring to Ulster County: a manufacturer that looks toward the future, cares for its workers by paying a living wage, and has an environmentally sustainable work model. I speak for the residents of Ulster County when I say thank you for choosing Ulster County for your headquarters." About RBW As an award-winning, independent design and manufacturing company, RBW is an American brand for a higher quality of light. By listening closely to the needs of customers, RBW’s forward-thinking, technology-driven approach invents lighting solutions that are out of the ordinary—products that take on unprecedented shapes or make subtle upgrades on familiar forms. Each collection embodies a distinct personality while upholding the hallmarks of RBW’s family DNA: Intuitive ease and simplicity. Integrity of craft and material. High-quality lighting with a playful point of view. As a Certified B Corp, RBW’s goal is to expand their status as a leader in the lighting design industry and make a positive impact on both the planet and community by upholding the highest standards in social and environmental accountability. Meticulously engineered for a broad range of applications, RBW lighting has been installed all over the world, from the renowned Noma restaurant in Copenhagen to Fortune 500 company offices across the United States. Thoroughly invested in customer success, RBW prides itself on providing excellent service, delivering quickly and reliably, while product specialists faithfully remain on call. For more information, visit: www.rbw.com. About Empire State Development Empire State Development 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 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: Kristin Devoe | [email protected] | (518) 414-1087 ESD Press Office | [email protected] | (800) 260-7313
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Press Release

Monday, December 5, 2022 - 11:00am
Five Downtown Revitalization Projects to Enhance Rochester's Vibrant Culture $10 Million Downtown Revitalization Initiative is Part of a Strategic Goal to Enrich the Community, Promote Business and Create Housing Opportunities Renderings of Projects Available Here Governor Kathy Hochul today announced five transformational projects in the City of Rochester as part of the $10 million Downtown Revitalization Initiative Award. The Awards will leverage the community's significant redevelopment investments with new infill projects and redevelopment of historic properties. Renderings of the Rochester revitalization projects are available here. "Through the Downtown Revitalization Initiative, we are helping ensure our local partners have the resources they need to enhance New York's downtowns," Governor Hochul said. "With this $10 million award, we are ushering in a new era for Rochester and creating more opportunity for residents as we make the community a better place to live, work and play." The City of Rochester's revitalization is focused on creating an enhanced sense of place with renewed activity and liveliness. The Awards will transform the Downtown Revitalization Initiative by adding housing, lodging accommodations, commercial spaces and public infrastructure improvements. The investments are part of the Governor's ongoing efforts to revitalize the economy and create more opportunities within the Finger Lakes Region. The Downtown Revitalization Initiative is led by the Department of State providing technical assistance as each participating community develops a Strategic Investment Plan identifying specific projects with a unique vision for the revitalization of the downtown area. Read the full press release here.
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Press Release

Friday, December 2, 2022 - 4:15pm
Program will Jump-Start New York's Shovel-Readiness and Increase the State's Attractiveness to Large Employers Informational Webinar for Potential Applicants to be Held on December 15 Application Portal Opens December 15 Governor Kathy Hochul today announced that the new up-to-$200 million Focused Attraction of Shovel-Ready Tracts grant program to attract and expand key growth industries in New York State will now accept Letters of Intent from potential applicants. FAST-NY provides certification and grant funding to help prepare key commercial sites across New York State for development in order to attract high-tech manufacturing; interstate distribution and logistics businesses; and other large employers. Empire State Development is accepting Letters of Intent as a first step in the application process and will accept applications on a rolling basis from those who have submitted letters once the application portal opens on December 15. "The new FAST-NY program will further establish New York's standing as a commercial hub by increasing our supply of shovel-ready sites and attracting the jobs and businesses of the future," Governor Hochul said. "With this up-to-$200 million investment, we are helping to supercharge our state's economy and draw in the key industries that bring high-growth, high-wage jobs. I encourage those interested in FAST NY to jumpstart their application by submitting a letter of intent." Empire State Development President, CEO and Commissioner Hope Knight said, "The announced historic Micron investment in Central New York is proof positive that having a shovel ready site for companies to build on is a smart investment. As these companies look to take advantage of the federal CHIPS and Science and New York's own Green CHIPS program, New York will need additional shovel-ready sites, and FAST NY will help usher in a new era of growth."  Read the full press release here.
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Press Release

Thursday, December 1, 2022 - 3:24pm
Project Will Include Sale of Parcel and Multiple Buildings, Including One of the Largest Buildings on Buffalo's Waterfront Photo of the Property Available Here Governor Kathy Hochul today announced a Request For Proposals to redevelop the building known as Terminal A on Buffalo's Outer Harbor, an approximately 550,000-square- foot building that has been vacant for years. This RFP presents an opportunity for experienced real estate developers to purchase and transform the main terminal and three adjacent buildings into a unique waterfront destination, located at 901 Fuhrmann Boulevard. Erie Canal Harbor Development Corporation, a state entity, envisions that the project could potentially include residential, restaurants, office space, cultural attractions and parking. Proposals are due by 8 p.m. on Thursday, March 30, 2023. "Terminal A is a massive vacant structure that has tremendous potential to become a destination that builds on the success of other Outer Harbor improvements," Governor Hochul said. "Now is the time for Buffalo to take advantage of this unique and historic architectural asset, much like what has occurred with large terminals in other waterfront cities. We look forward to seeing the creative proposals submitted for transforming the property into a destination that will attract visitors to the water's edge while also providing a unique place to live and thrive." Empire State Development President, CEO, and Commissioner Hope Knight said, "Governor Hochul's vision for the redevelopment of Terminal A represents yet another step in the dramatic revitalization of Buffalo's waterfront. We have seen how the Outer Harbor has become a must-see destination, benefiting from smart investments that have not only generated jobs, but have created pride in a place where people want to live, work and visit." Read the full press release here.
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Press Release

Thursday, December 1, 2022 - 1:47pm
State Supported, World-Class Recreation and Sporting Complex Will Serve as Premier Tournament-Based Facility for Ice Hockey, Box Lacrosse, Soccer and Other Field Sports Will Host Major Tournaments, Drawing Sports Teams from the Northeast and Canada to the Mohawk Valley Region Projected to Attract More Than 320,000 Annual Visitors Who Will Add More Than $26 Million to Regional Economy, Reinforcing State's Economic Vision for Mohawk Valley Governor Kathy Hochul today announced the grand opening of the $64 million Nexus Center in downtown Utica. The announcement comes in advance of a ceremonial "puck drop" to be held later this evening by local officials. Thanks to state support, which includes $22 million through the Upstate Revitalization Initiative, the 170,000 square-foot tournament-based recreation and sporting complex will be utilized for ice hockey, box lacrosse, soccer and other field sports, and will draw competitive youth teams from across the U.S. and Canada. The Nexus Center is projected to host 24 hockey and 24 lacrosse tournaments each year, welcoming more than 320,000 annual visitors and generating over $26 million annually in direct visitor spending.  "The completion of the world-class Nexus Center cements the State's ongoing vision for a reimagined Utica as a destination for sports fans and families alike," Governor Hochul said. "Thanks to an assist from New York, this facility will surely put the Mohawk Valley's economy on a winning streak for years to come."  The Nexus Center has three sheets of ice and is located next to the Adirondack Bank Center, the home of the American Hockey League's Utica Comets, Utica University men's and women's hockey programs and the Utica Jr. Comets youth hockey organization. The ice can be easily transformed into field-based surfaces to support turf sports. In addition, the Nexus Center offers more than 25 locker rooms, commercial office space, college classroom space, retail space, food and beverage services, and other multi-purpose training spaces.  The Nexus Center will focus on out-of-town tournament participants year-round, while catering to local athletes during the week for practices and training. When the facility is not actively being used for a tournament or other events, it will function as a community sports and recreation center for area sports organizations, high schools and colleges. The connectivity of the Nexus Center to the Adirondack Bank Center at the Utica Memorial Auditorium also enhances its overall regional impact and scope. Future plans for the Nexus Center include expanding to a four-season sporting center, with the potential to add outdoor multi-use sports fields to the north and into the Harbor Point area - a vision consistent with the Utica Harbor Master Plan.    Utica University has recently announced its partnership with the Nexus Center to enhance is Sports Management program, providing a highly innovative, first-of-its kind opportunity for students in the sports management program to gain real, professional experience. The Nexus Center will allow students to have a hands-on, interactive learning experience to help put their foot in the door when searching for employment upon graduation. In the last decade, the sports industry skyrocketed from 23rd to the sixth largest industry across the country. Utica University has roughly 40 students currently in the sports management program.  Read the full press release here.
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Press Release

Wednesday, November 30, 2022 - 2:35pm
Sustainable Technology Company Further Growing its U.S. Operations at Eastman Business Park; Commits to Creating almost 270 New Jobs Li-Cycle To Receive up to $13.5 Million in State Support through Empire State Development's Excelsior Jobs Tax Credit Program NYS Investment Complements "Finger Lakes Forward" - The Region's Comprehensive Strategy to Revitalize Communities and Grow the Economy Project Rendering Available Here Governor Kathy Hochul today announced New York State's agreement with Li-Cycle, a Canadian lithium-ion battery resource recovery company, to create nearly 270 jobs in Monroe County through the performance-based Excelsior Jobs Tax Credit Program. The company will expand its U.S. operations through a new facility known as the Rochester Hub, which is currently being constructed on a 41-acre parcel of land formerly known as Eastman Business Park South. This is in addition to Li-Cycle's first U.S. Spoke facility currently operating within the business park, which has created more than 35 jobs. The latest project is expected to create up to 269 new jobs, and more than 1,000 jobs during construction. Empire State Development has agreed to support this project with up to $13.5 million in Excelsior Jobs Program tax credits in exchange for the job creation commitments. "We are powering New York's cleantech economy by supporting Li-Cycle's expansion, which will not only increase our lithium-ion battery supply but also recharge our thriving energy storage industry," Governor Hochul said. "With state support, Li-Cycle is bringing over 260 new jobs to the Finger Lakes region while supporting our state's clean energy sector. My administration is committed to supporting projects that will continue to bolster our state's economic growth and create a cleaner, more resilient future for all New Yorkers." In January 2020, Empire State Development announced that Li-Cycle would establish its first U.S.-based facility in New York State in an effort to tap into the robust lithium-ion battery supply chain available nationwide. ESD is assisting Li-Cycle with up to $13.5 million through the performance-based Excelsior Jobs Tax Credit Program once Li-Cycle starts meeting the new employment commitments. Monroe County and Greater Rochester Enterprise are also assisting with the project. Li-Cycle expects to start commissioning of the Rochester Hub facility in stages in 2023. Li-Cycle's "Spoke" and "Hub" operations will complement each other. Li-Cycle currently has several US-based Spokes that process end-of life batteries and battery manufacturing scrap through a proprietary process which produces minimal wastewater and emissions. The primary product of Li-Cycle's Spokes is black mass, containing a number of highly valuable critical metals, including lithium, cobalt and nickel. Li-Cycle will convert the black mass into battery-grade materials at the 'Hub' in an environmentally sustainable manner, using its proprietary technologies. The 'Spoke' operation is capable of shredding up to 5,000 tonnes per year of lithium-ion batteries. Ultimately, the "Hub" facility will receive the black mass from its' spoke locations across the US and process battery material that is equivalent to approximately 225,000 electric vehicles per year. Supplying critical battery-grade materials domestically will have an important economic, environmental, and national security impact in the US. Read the full press release here.
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Press Release

Wednesday, November 30, 2022 - 2:32pm
Ten Downtown Revitalization Projects Increase Housing, Enhance Public Spaces and Streetscapes, and Support Small Business Part of a Strategic Goal to Enrich the Community with Key Catalytic Projects Governor Kathy Hochul today announced 10 transformational projects in the Village of Tupper Lake as part of the $10 million Downtown Initiative Award. These projects will improve downtown public spaces and streetscapes and expand commercial, residential, entertainment and recreational opportunities in the Village's waterfront Uptown District. "With revitalized waterfront trails, expanded housing options, and even a new brewery, Tupper Lake is shaping up to be a four-season, must-visit destination in New York," Governor Hochul said. "While we are already seeing the benefits to communities across the North Country, I am excited to continue our investment in small businesses and the upstate economy." Tupper Lake is a resurgent Adirondack community that aims to make the community a nationally-recognized, vibrant, four-season Adirondack destination through the ongoing revitalization of their compact, mixed-use, walkable, waterfront Uptown District. The Village, which is located on the easternmost shore of Raquette Pond, originated as a logging and timber center in the late 1800s. Now, Raquette Pond and the surrounding forests attract tourists and outdoor recreation enthusiasts who contribute to the local economy and downtown businesses. The DRI awards will enhance tourist amenities, improve the streetscape and inter-connectivity among various destinations and create significant new housing, commercial and entertainment options. The investments are part of the Governor's ongoing efforts to revitalize the upstate economy and create more opportunities within the North Country. The DRI is led by the Department of State providing technical assistance as each participating community develops a Strategic Investment Plan identifying specific projects with a unique vision for the revitalization of the downtown area. The specific projects to be funded through the DRI support several goals and strategies contained in the community's Strategic Investment Plan, such as—expanded housing options; improved walkability and streetscape connectivity; and increased arts, cultural, entertainment and recreational opportunities by supporting small businesses. The $9.7 million State investment in these projects through the DRI will leverage an estimated $55 million in additional public and private sector investments as the revitalization process proceeds and builds momentum. Read the full press release here.
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