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.

All
Reports
Filter Options
Close
2927

items

Press Release

Monday, April 11, 2022 - 1:24pm
Program will Accelerate Commercialization Efforts by Early Stage Companies and Late Stage Academic Research for Infectious Disease Solutions While Growing the State’s Life Science Economy Round One Recommended Awardees Here Governor Kathy Hochul today announced the first round of awardees of the $40 million New York State Biodefense Commercialization Fund. The program was created to accelerate the development and commercialization of life science innovations that address serious infectious disease threats including COVID-19 and its variants, while also creating jobs and encouraging continued growth across New York’s expanding life science industry. Upon board approval by Empire State Development, eighteen grants will be awarded for a total grant commitment of $15,292,418.  “New York State was hit first and hit hardest by COVID-19, and even as New York continues its progress in combating this virus and building back stronger, we’re taking measures to ensure we’re prepared for the future,” Governor Hochul said. “These grants help promote the growth of New York State’s visionary life science companies, while also increasing our preparedness against current and future infectious disease threats, helping create a safer, stronger Empire State for years to come.” New York State Empire State Development Acting Commissioner and President and CEO-designate Hope Knight said, “Supporting innovative companies focused on COVID-19 and other infectious diseases through the State's Life Science Initiative has demonstrated that New York State is addressing global health concerns while delivering on its goal of economic development and growing the life science ecosystem.”  Read the full press release here.
learn more
Press Release

Monday, April 11, 2022 - 12:44pm
Columbia’s $2.7 Million Instrument Will Help Scientists to Uncover the Full Potential of Heavy Ion Radiation Therapy for Hard-to-Treat Cancers  Empire State Development today announced the completion and installation of Columbia University’s $2.7 million custom designed and manufactured linear accelerator, or LINAC, booster at its Radiological Research Accelerator Facility (RARAF) in Irvington, Westchester County. The LINAC booster will allow scientists at Columbia University and other cancer research institutions to better understand how radiation therapy with carbon and other heavy ions work in patients with hard-to-treat malignancies. The completion and installation of this LINAC booster establishes Columbia University as the only institution in the United States with an instrument dedicated to research on heavy ion radiation therapy.  "Today’s ribbon cutting on the Linear Accelerator (LINAC) Booster signals to the rest of the nation that New York is ready to lead the charge as the public health capital of the world," said Lieutenant Governor Brian Benjamin. "This Mid-Hudson facility will accelerate the world’s progress on developing the next generation of cancer treatments, which will allow for job creation, while also saving lives. As Chair of the statewide Regional Economic Development Councils, I am particularly proud of our Mid-Hudson Regional Economic Development Council for seeing the potential in this investment long before it was reality."  Empire State Development Acting Commissioner and President & CEO-designate Hope Knight said, "The research that is being conducted at Columbia University’s Radiological Research Accelerator Facility has the potential to make groundbreaking advances in cancer research. This project will support the region’s life science industry, complements the state’s investments in research and development and truly represents what public-private partnerships can accomplish."  Lisa Kachnik, MD, Chu H. Chang Professor and chair of the Department of Radiation Oncology at Columbia University Irving Medical Center, said, "We are most excited and thankful to work with New York State in creating new pathways for investigators at Columbia University to better understand how we can leverage heavy ion radiation therapy and enhance outcomes for patients with difficult-to-treat cancers."  David Brenner, PhD, Higgins Professor of Radiation Biophysics and director of the Center for Radiological Research at Columbia University’s Vagelos College of Physicians and Surgeons, said, "Carbon and other heavy ions may offer important advantages over conventional radiation therapy in treating pancreatic and other types of cancer, but the biology underlying its efficacy is not well understood. Thanks to generous grants from the state and National Cancer Institute, scientists at Columbia and other cancer research institutions will be able to answer some longstanding questions about the mechanisms underlying the antitumor effects of heavy ions in an effort to develop more effective therapies for hard-to-treat cancers."  Conventional radiation therapy mainly uses photons—weightless particles of light—to damage the DNA in tumor cells. Because photons are so light, they release most of their energy in healthy tissue en route to their target. And the deeper a tumor it is, the less radiation it may receive. Heavy ions could radically improve radiation therapy for treatment of pancreatic cancer and other difficult-to-treat tumors if researchers can better understand how the ions work against cancer.  There are 13 centers outside of the United States treating patients with carbon ion radiation therapy, and data from these centers show that radiotherapy with carbon ions for some hard-to-treat tumors is promising. Currently, researchers at Columbia are planning to study the effects of heavy ions in preclinical models of pancreatic, breast, esophageal, melanoma, and prostate tumors.  Mid-Hudson Regional Economic Development Council Co-Chairs Dr. Marsha Gordon, President & CEO of The Business Council of Westchester, and Dr. Kristine Young, President of SUNY Orange, said, "Projects such as Columbia University’s linear accelerator perfectly represent the goals of the state's regional approach to economic development through the Regional Council process. By identifying projects in the life science cluster, a priority of the region, we can grow the Mid-Hudson’s life sciences workforce, increase opportunities for entrepreneurship and growth and most importantly, identify treatments that will result in better health outcomes for all."  The Mid-Hudson Regional Economic Development Council recommended a $400,000 Empire State Development Capital Grant towards the purchase and installation of this instrument. Not only will the LINAC booster allow researchers to uncover the full potential of heavy ion radiation therapy, it will retain 20 existing jobs and create seven new jobs.    Senate Majority Leader Andrea Stewart-Cousins said, "The completion of Columbia University's linear accelerator (LINAC) booster at the Radiological Research Accelerator Facility (RARAF) in Irvington is an exciting milestone in the fight against cancer. I'm proud of New York State's $400,000 investment through the Mid-Hudson Regional Economic Development Council for this project and the jobs it will retain and create, to ensure that Westchester County is leading the way against pancreatic, breast, prostate, and more hard-to-treat cancers. The scourge of cancer has impacted almost every family in some way, and I look forward to the progress that will be made."  Westchester County Executive George Latimer said, "We are pleased to serve as the home of this innovative technological advancement that will help improve patient care and allow for a foundation to treat this disease more thoroughly, while providing new forms of therapy."  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 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 
learn more
Report

Friday, April 8, 2022 - 4:06pm
This report serves as the March 2022 quarterly update to the COVID-19 Pandemic Small Business Recovery Grant Program Report. COVID-19 Pandemic Small Business Recovery Grant Program Report - March 2022 Update
learn more
Press Release

Friday, April 8, 2022 - 4:00pm
Goshen Theme Park's First Full Season Will Offer New Events, Shows and Attractions  Announcement Complements State's Efforts to Rebuild and Revitalize New York State's Tourism Industry  Photos of LEGOLAND New York Resort Available Here Governor Kathy Hochul today announced the 2022 season opening of LEGOLAND® New York Resort in Goshen, Orange County. This will be the theme park’s first full season after officially opening in July 2021. This year, LEGOLAND New York Resort is offering guests a full calendar of exciting events, including its first-ever July 4 fireworks. New entertainment venues – including the LEGO® City Water Playground – are scheduled to open this summer, providing guests with a perfect oasis for a hot summer day, as well as an opportunity to build and race their own LEGO boat.   "We are thrilled to welcome travelers from all over the state and world as LEGOLAND New York Resort opens for the season,” Governor Hochul said. "This unique, family friendly destination has been a boon to the local economy and is an integral part of the state's tourism industry. The future is bright for LEGOLAND New York and we look forward to many successful seasons to come as we continue our economic comeback from COVID-19.”    Stephanie Johnson, LEGOLAND New York Resort Divisional Director, said, "There’s so much excitement around family travel this year, and we can’t wait to build bricktastic memories with our guests this season. We saw strong demand last year, even with our phased opening, and we expect to build on that momentum in our first full season as we welcome families to experience everything our Resort has to offer."      Excitement for the new season at LEGOLAND New York Resort continues to grow, where the 250-room LEGOLAND Hotel is already sold out for most dates in April. Designed and built for kids, the hotel was popular with families last year, operating at or near capacity between August and November. Each of the LEGO® themed rooms features a separate children's sleeping area, with daily children's entertainment and scavenger hunts for LEGO prizes – and all located just steps away from the theme park.    Empire State Development Acting Commissioner and President & CEO-Designate Hope Knight said, "Tourism is crucial to the economic vitality of New York State, and the pandemic dealt a huge blow to the industry in both domestic and international markets. This celebration of LEGOLAND’s first full season in New York represents many of the positive indications that we are rebuilding and recovering from the COVID-19 crisis and revitalizing this industry that supports so many jobs and businesses across the state.”  Read the full press release here.
learn more
Press Release

Tuesday, April 5, 2022 - 1:55pm
RBW, an Award-Winning Independent Design and Manufacturing Company, Finalizes Move of Headquarters from Brooklyn to the Town of Ulster Empire State Development today announced the phase one opening of the assembly and distribution area 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. Over the next several months RBW will build out the remaining office areas of their building. 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.  Empire State Development Acting Commissioner and President & CEO-designate Hope Knight said, “Companies like RBW are drawn to vibrant and engaging communities found across the state that support economic growth while providing the assets and infrastructure that appeal to a young and diverse workforce and the dynamic communities in the Mid-Hudson Region are no exception. Manufacturing remains integral to the regional economy’s framework, and RBW’s investment is bringing good jobs to Ulster County.”  “Our move to Kingston is a dream come true for our company and a great opportunity to implement our complete vision for RBW,” said RBW Partner and Director of Growth, Alex Williams. “We have long been inspired by some of Europe’s most visionary manufacturing campuses that reflect a thoughtful and holistic approach to planning a company’s footprint. In this new facility, our B Corp driven purpose to use light to positively transform environments, communities, and lives can flourish.” 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 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 8 times the scale of their previous headquarters and production space.  RBW intends to renovate nearly 100,000 square feet of the property, located at 575 Boices Lane, which has been largely vacant for the last five years. The plan includes a new roof, solar panels, energy efficient LED lighting, daylight harvesting, dimming controls, and the use of collaborative robotics. The RBW site is directly adjacent to former IBM buildings that were acquired in 2019 by Ulster County and are in the early stages of redevelopment. The addition of this new business creates additional momentum and potential to establish the area as a campus for innovative manufacturers, creative businesses and agricultural producers. Senator Michelle Hinchey said, “It is exciting that an industry-leading business like RBW Studio has chosen to make Ulster County the home of its new global headquarters — it affirms our collective work to establish upstate as a hub of industry and a place where entrepreneurs can build their business, strengthen our local economies, and raise the profile of our whole region in the process. I’m proud to support this momentous expansion, and I thank RBW Studio for recognizing Ulster as a cornerstone of its continued business growth and prosperity." Assemblymember Kevin Cahill said, “It is encouraging to see innovative industry return to the former IBM campus, which provided a significant economic boon to the region for decades.  The employment opportunities and sustainable business practices brought by RBW’s move upstate will serve as a model for future development.  I congratulate and thank RBW for making this important investment in our community.” “I am thrilled to welcome RBW Lighting – a certified B-Corp that upholds rigorous standards of ecological and social sustainability - to Ulster County,” said County Executive Pat Ryan. “Projects like RBW are exactly the type of businesses that align with the vision that we have outlined in Ulster 2040 for a stronger, more equitable, and more resilient economy. These types of additions to our local economy play a huge role in creating the energy and momentum to build a ‘People-Centered’ economy in Ulster County.” City of Kingston Mayor Steven T. Noble said, “RBW is a welcome addition to the greater Kingston community. RBW’s commitment to being a Certified B corporation shows that, not only do they create a high quality lighting product, but they care deeply about their employees and about the community where they are located. This type of small/medium size creative manufacturing aligns with Kingston’s economic development goals and is an example of how our City’s reinvestment into Kingston’s economy and our collective quality of life is paying off.” 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 (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 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
learn more
Press Release

Monday, April 4, 2022 - 2:34pm
Most Recent Round of Approved Awards Supports 47 Shovel-Ready Projects Full List of Awardees To-Date Can Be Found Here Governor Kathy Hochul today announced more than $38 million has been awarded to support 47 priority projects across New York State through the Regional Economic Development Council initiative. This year, $150 million in grant funds from Empire State Development was made available on a continuous and competitive basis to support the immediate needs of applicants. Additionally, projects within each region are eligible for a share of $75 million in Excelsior Jobs Tax Credits to help attract and grow business in their region.  “New York is not only going to recover from the pandemic, but will flourish, and this new funding will attract companies that will help fuel our post-pandemic economy,” Governor Hochul said. “These awardees are going to bring good paying jobs to communities across the state, boosting local economies and bringing economic opportunity to all New Yorkers. I look forward to seeing the continued work of the Regional Economic Development Councils as they help usher in a more prosperous New York for decades to come.”    Lieutenant Governor Brian Benjamin said, “As we rebound from the pandemic, we must invest in people and projects that will help usher in a new era in New York. The funding Governor Hochul and I are announcing today will go to businesses that we believe will achieve just that. I look forward to continuing to partner with the Regional Economic Development Councils across the state, so that we can keep local businesses at the heart of our State’s recovery effort.” Empire State Development Acting Commissioner and President and CEO-designate Hope Knight said, “Our Regional Economic Development Councils have recommended projects that will capitalize on talent, infrastructure and industry in order to grow the local economy. We continue to invest in and support efforts to build back throughout New York State with a strategic focus on creating jobs and increasing opportunity now and for the future.”  Read the full press release here.
learn more
Press Release

Monday, April 4, 2022 - 12:40pm
Buffalo Wire Works Co. Creates 25 New Jobs for Upstate New York Buffalo Wire Works Co. Photo Here Empire State Development (ESD) today announced that Buffalo Wire Works Co. will invest more than $5 million for the renovation and expansion of its manufacturing facilities on Buffalo’s East Side. A global leader in manufacturing screening media and wear parts for the mining, aggregate and industrial markets, the manufacturer will retain 179 employees and create 25 new jobs at its Buffalo locations. “Buffalo Wire Works’ decision to continue growing and investing in its Buffalo facilities demonstrates its unwavering commitment to Western New York and shows what a significant asset and contributor it is to the region,” said Empire State Development Acting Commissioner and President & CEO-designate Hope Knight. “The company, which dates back to just after the end of the Civil War, is a mainstay of Buffalo’s East Side. It is with pride that New York State can assist this important company to stay and grow right where it began its legacy.” Due to its business growth, Buffalo Wire Works needs to renovate and enlarge its Buffalo facilities and acquire additional property. Headquartered at 1165 Clinton Street, Buffalo Wire Works is seeking to expand further on the East Side of Buffalo to continue to develop its growing product lines. ESD will provide Buffalo Wire Works up to $233,000 in New York State Excelsior Jobs Program tax credits in exchange for creating 25 new jobs. ESD’s Excelsior Jobs Program encourages businesses to expand in and relocate to New York while maintaining strict accountability standards to guarantee that businesses deliver on job and investment commitments. Buffalo Wire Works Chairman & CEO Joseph M. Abramo said, “We are extremely appreciative of Governor Hochul and the Empire State Development Corporation for their cooperation and economic incentives to further our business investment and expansion. Buffalo, New York has a supportive economic development agency, fabulous geographic location to our North American customer, an available manufacturing work force and exceptional academic institutions at all levels. These attributes made our site selection process easy. Our project will enhance our global competitiveness, leading to job opportunities and capital investment at our Buffalo locations.”  The company has a long-standing history of diversity and inclusion dating back to 1869, when it hired many Polish immigrants who settled in Buffalo. Today the manufacturer hires a large number of refugees and works closely with resettlement agencies to secure job pathways and training for these displaced populations. More than a third of Buffalo Wire Works employees are refugees. The company also recruits heavily from the University at Buffalo and employs 15 international engineers and management graduates from this highly regarded academic institution. Senator Tim Kennedy said, “With this expansion, Buffalo Wire Works is making yet another strong investment in our local workforce and economy. Their commitment to growing their footprint in the Queen City, and doing so with a diverse and inclusive employee base, will only further foster new opportunities throughout our community. I'm pleased to see New York support this expansion, and thank Governor Hochul and Buffalo Wire Works for prioritizing strategic growth like this in Western New York." Assembly Majority Leader Crystal Peoples-Stokes said, “Buffalo Wire Works Co. has been a long-standing driver of Buffalo’s workforce for centuries. The company’s dedication to keeping and growing its operations on Buffalo’s Eastside combined with their outstanding commitment to having a diverse and inclusive staff is worth applauding. Congratulations to Buffalo Wire Works Co. and thank you Governor Hochul for supporting this worthy expansion project.” City of Buffalo Mayor Byron Brown stated, “The continued growth and expansion of Buffalo Wire Works is more great news for Buffalo’s East Side. This $5 million investment, combined with the support of Empire State Development, will create new jobs, and continue to reinforce a positive message about Buffalo’s skilled manufacturing workforce and ongoing efforts to revitalize our economy in a way that’s equitable and inclusive. I thank Governor Kathy Hochul and Buffalo Wire Works Chairman & CEO Joseph M. Abramo for their long-standing commitment to Buffalo and congratulate them on this exciting project.”    Erie County Executive Mark Poloncarz said, “This expansion is especially good news for Buffalo’s East Side, which has been experiencing a resurgence in business activity and community-building investments that this announcement underscores. Buffalo Wire works is one of our areas oldest employers and has been the place where generations of local workers have created products used worldwide. Now the firm is expanding, adding new jobs and growing their footprint in Buffalo, demonstrating once again that Erie County is a good place for business.” About Buffalo Wire Works Co. Buffalo Wire Works is a global leader in manufacturing highly engineered and innovative screening media and wear products. Its engineering depth is unsurpassed in the industry. Since 1869, it has been providing excellent quality screening media and wear parts for many industries, including aggregate, mining, industrial, recycling, asphalt, slag, green waste, topsoil and architectural. With 153 years of proven manufacturing and engineering experience, it has the knowledge to meet and exceed customer needs.  For more information about Buffalo Wire Works, visit https://www.buffalowire.com/ 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: Pamm Lent | [email protected] | (716) 846-8309 | (716) 560-8815 Laura Magee | [email protected] | (716) 846-8239 | (716) 374-4246 
learn more
Press Release

Friday, April 1, 2022 - 4:42pm
Slate of Virtual Events Provide Information and Resources to Help Minority- and Women-Owned Businesses Compete for State Contracts  For More Information and to Register, Visit esd.ny.gov/2022-nys-mwbe-expo-series Governor Kathy Hochul today announced that New York State will host five events as part of the 2022 Regional Minority- and Women-owned Business Enterprises Online Opportunities Expo Series. The expos – which will connect MWBEs with New York agencies, expert resources, information on state projects, and tools to access state contracting opportunities – will run from April to June. "After helping my mother start a flower shop in our community many years ago, I've seen first-hand the struggles that a small business can face just to open their doors," Governor Hochul said. "This series of events will help connect MWBEs throughout New York with the resources they need to continue on the path to success. As our economic recovery continues, it's crucial we continue New York's strong history of lifting up minority and women-owned businesses. "  The 2022 New York State Regional MWBE Online Opportunities Expo Series, sponsored by Empire State Development's (ESD) Division of Minority and Women's Business Development, will feature panel discussions, information on regional projects, workshops on special topics and other business development resources. The expos will also include information about state-sponsored financial and technical assistance programs, including the New York State COVID-19 Pandemic Small Business Recovery Grant Program, the Bridge to Success Loan Program, and the New York State Surety Bond Assistance Program. Empire State Development Acting Commissioner and President and CEO-Designate Hope Knight said, "We have an obligation to make sure our minority- and women-owned businesses have an equal opportunity to compete for state contracts. Every year, state agencies and authorities spend billions of dollars on goods and services – and our MWBE division is continuing to ensure the companies bidding on those contracts reflect the diversity of the Empire State." Read the full release here.
learn more
Report

Friday, April 1, 2022 - 3:19pm
The Restaurant Return-To-Work Tax Credit Program incentivized COVID-impacted restaurants to bring restaurant staff back to work and to increase hiring at NYS restaurants. View Report
learn more
Press Release

Thursday, March 31, 2022 - 11:38am
High Precision Optics Manufacturer Continues to Grow its Business in The Finger Lakes Region, Will Add 50 New Jobs Investment Complements “Finger Lakes Forward” – The Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy Empire State Development (ESD) today announced that optics manufacturer Optimax Systems Inc., located in the Town of Ontario, Wayne County, is again expanding its operations. The company will invest $20 million to attach a 36,000 square-foot addition to its existing facility on Dean Parkway. The expanded operations, with support from ESD, will allow Optimax Systems to raise the bar when it comes to supplying optics for its customers and will help the company solidify its brand and credibility in the worldwide optics manufacturing community. As a result of its continued growth, the company plans to create up to 50 new jobs over the next five years; 355 positions will be retained. The expansion piece of the project is expected to be completed sometime in 2023. Empire State Development Acting President, CEO & Commissioner Hope Knight said, “New York State’s strategic investments have supported the Finger Lakes region’s continued growth as an optics, photonics and imaging hub. Our focused commitment to workforce development and 21st century jobs means that companies like Optimax Systems can continue to grow here, with a pipeline to the tech talent they need.” Founded in 1991, Optimax Systems focuses on technologies as diverse as fiber optic telecommunications, solid-state lighting, digital photography, displays, and diagnostic medicine. They have worked key programs in aerospace, government research, and defense. In 2018, the company committed to creating up to 59 new jobs in at the site due thanks to previous support from New York state and, to date, has already exceeded that commitment. Optimax Systems, Inc. President, Joe Spilman said, “Optimax continues to position itself at the cutting edge of the Optics manufacturing industry.  As the company has grown and we have established footholds in new markets, demand for our work is increasing at a pace significantly faster than anything we have seen in the past.  This expansion and the associated investment in people and equipment ensures that we can continue to learn and grow with our customers.   Empire State Development has once again stepped up, providing support for this expansion and ensuring that this growth continues in the Finger Lakes Region.   We are thrilled to partner with ESD and look forward to continuing our mission of driving customer success and employee prosperity for years to come.” In order to encourage Optimax Systems to continue to expand in the Finger Lakes region, ESD is providing up to $700,000 through the Excelsior Jobs Tax Credit Program a in return for job creation commitments and the retention of hundreds of existing jobs.  Wayne County and Greater Rochester Enterprise are also offering assistance for the project. State Senator Pam Helming said, “Optimax continues to demonstrate its leadership as an innovator in the optics industry and a major employer in the Finger Lakes region. Thank you to Joe Spilman, Rick Plympton, Mike Mandina and the entire Optimax team for their additional investment in growth and jobs in Wayne County. I’d also like to thank Optimax for its leadership in building a skilled workforce in our region through programs like FAME. Optimax provides outstanding career opportunities in high-tech manufacturing, with quality products made in America. We are proud to have Optimax headquartered in the 54th District.” Assemblyman Brian Manktelow said, “It is great to see cutting edge company like Optimax Systems, Inc. making an investment in our community. In the fast moving age we are in, people across the nation and the globe need high speed fiber optic telecommunication. Their technological advancements in the field of diagnostic medicine will play a part in further lifesaving diagnosis’s, and we are proud that we can call them a local business. I would like to thank Optimax President Joe Spilman for making this investment in our community and providing over 400 jobs for our residents. “ Wayne County Director of Economic Development and Planning Brian Pincelli said, “Optimax continues to set the bar on innovation, talent attraction, and workforce development. I am not surprised that they are growing again. Their workforce culture and business model will only continue to contribute to their success. We’re very proud to have them in Wayne County.”   Finger Lakes Regional Economic Development Co-Chair Bob Duffy, President and CEO, Greater Rochester Chamber of Commerce said, “Not only is Optimax known for its breakthrough optics technology, but for a supportive workplace culture that focuses on mentorship and employee prosperity. We thank President Joe Spilman for continuing to invest in our region and people with this exciting expansion.” Matt Hurlbutt, President and CEO, Greater Rochester Enterprise said, “Innovation is in Optimax’s DNA, perfectly aligned with the talented workforce and innovative spirit found throughout the Greater Rochester, NY region. The outstanding optics and photonics workforce pipeline and ecosystem made this community the right place for Optimax to expand its business.” For additional information about Optimax Systems, Inc., visit: https://www.optimaxsi.com/. 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 regionally designed plan focuses on investing in key industries including photonics, agriculture‎ and food production, and advanced manufacturing. Now, the region is accelerating Finger Lakes Forward with a $500 million State investment through the Upstate Revitalization Initiative. 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. ​ 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 the 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: Shari Voorhees-Vincent | [email protected] | (585) 399-7055 Press Office | [email protected] | (800) 260-7313
learn more