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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Press Release

Wednesday, October 2, 2019 - 11:47am
The Long Island Regional Economic Development Council (LIREDC) today announced it recently submitted its 2019 Progress Report to New York State to meet the October 1 deadline. The progress report details the council’s achievements in implementing its strategic plan and reflects Long Island's progress on efforts to ensure sustainable and long-term growth in the two-county region and to leverage the region’s advantages in key industry sectors, including life sciences, clean energy, agriculture and tourism, among others. In furtherance of these goals, strategies and initiatives, the report recommends 41 priority projects to advance the region’s growth objectives. These projects represent at least $33.6 million in requested state funding, leveraging $168.8 million in private and other funding for total project expenses of more than $202.4 million. Detailed information about the LIREDC’s 2019 endorsed priority projects is available in the progress report here. Kevin Law, LIREDC Co-Chair and Long Island Association President, said, "Since 2011, the Long Island regional council has brought together experts from industry, non-profits, and academia to develop data-driven plans that have helped make our region a better place to work, live and play. This year, we will continue those efforts and support inclusive economic development — ensuring that Long Islanders in every community can share in our growing economy." Stuart Rabinowitz, LIREDC Co-Chair and President of Hofstra University, said, "Over the last eight years, our regional council has worked to support Long Island’s legacy industries while investing in new sectors that will power our economy for years to come. Now, we are doubling-down on those strategies and trying to help build the modern, walkable communities that will attract and retain the next generation of Long Islanders.” Round IX of the REDC initiative will award up to $750 million in state funding and tax incentives, including up to $150 million in capital grants and up to $75 million in Excelsior Tax Credits for projects and activities identified by the Councils as regional priorities in their communities. Additionally, up to $525 million from state agency programs will be awarded through the CFA process. Funding awards will be announced by the end of the year. The REDC process has transformed New York State government’s approach economic development, creating a statewide framework for bottom-up, regional economic growth and streamlining the state funding application process. Since 2011, the first year of the initiative, more than $6.1 billion has been awarded to over 7,300 job creation and community development projects consistent with each region’s strategic plans, projecting to create and retain more than 230,000 jobs. 2019 REDC Competition In 2019, all 10 REDCs will be competing for a designation as a Top Performer. Five Top Performers will be selected and will receive a share of $100 million in Empire State Development Capital Grant funding, with the remaining five regions receiving a share of $50 million in Empire State Development Capital Grant funding. Each region will also be eligible for up to $75 million in Excelsior Tax Credits.  Each region will also receive $10 million to implement projects identified through the Downtown Revitalization Initiative, and projects from all 10 regions submitted through the CFA will be eligible for over $525 million in other state agency funds. About the Consolidated Funding Application As part of Governor Cuomo’s efforts to improve the state’s economic development model, a NYS Consolidated Funding Application (CFA) was created to streamline and expedite the grant application process. The CFA process marks a fundamental shift in the way state resources are allocated, ensuring less bureaucracy and greater efficiency to fulfill local economic development needs. The CFA serves as the single-entry point for access to economic development funding, ensuring applicants no longer have to slowly navigate multiple agencies and sources without any mechanism for coordination. Now, economic development projects use the CFA as a support mechanism to access multiple state funding sources through one application, making the process quicker, easier, and more productive. To access the CFA, please visit https://apps.cio.ny.gov/apps/cfa/. About the Regional Economic Development Councils The Regional Economic Development Council (REDC) initiative is a key component of Governor Cuomo’s approach to State investment and economic development. In 2011, Governor Cuomo established 10 Regional Councils to develop 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. For more information on the Regional Councils, visit www.regionalcouncils.ny.gov. Contact: Jack Sterne (ESD) | [email protected] | (212) 803-3764 ESD Press Office | [email protected] | (800) 260-7313
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Press Release

Wednesday, October 2, 2019 - 11:28am
The New York City Regional Economic Development Council (NYCREDC) today announced it recently submitted its 2019 Progress Report to New York State to meet the October 1 deadline. The progress report details the council’s achievements in implementing its strategic plan and reflects New York City's progress on efforts to ensure sustainable and long-term growth in the region and to leverage the region’s advantages in key industry sectors like life sciences, while supporting priorities such as workforce development and the revitalization of downtown communities In furtherance of these goals, strategies and initiatives, the report recommends 19 ESD Capital Grant and Excelsior Tax Credit priority projects to advance the region’s growth objectives. These projects represent at least $36 million in applicant requested state funding, leveraging $269 million in private and other funding for total project expenses of more than $306 million. Detailed information about the NYCREDC’s 2019 endorsed priority projects is available in the progress report here. Winston Fisher, NYCREDC Co-Chair and Partner at Fisher Brothers, said, "New York City is an economic juggernaut — but we must continue to grow our economy, diversify the industries that power that growth, and ensure all New Yorkers are able to participate. Our regional council looks forward to making critical investments in developing New York City’s workforce and ensuring environmental and economic justice in all five boroughs." Cheryl A. Moore, NYCREDC Co-Chair and President and Chief Operating Officer of the New York Genome Center, said, “Over the past eight years, the New York City regional council has focused on strengthening New York’s life sciences ecosystem, supporting workforce development and revitalizing the City’s downtowns. In the coming year, we will continue to pursue partnerships that support this critical work, while building a fairer economy for all New Yorkers.” Round IX of the REDC initiative will award up to $750 million in state funding and tax incentives, including up to $150 million in capital grants and up to $75 million in Excelsior Tax Credits for projects and activities identified by the Councils as regional priorities in their communities. Additionally, up to $525 million from state agency programs will be awarded through the CFA process. Funding awards will be announced by the end of the year. The REDC process has transformed New York State government’s approach economic development, creating a statewide framework for bottom-up, regional economic growth and streamlining the state funding application process. Since 2011, the first year of the initiative, more than $6.1 billion has been awarded to over 7,300 job creation and community development projects consistent with each region’s strategic plans, projecting to create and retain more than 230,000 jobs. 2019 REDC Competition In 2019, all 10 REDCs will be competing for a designation as a Top Performer. Five Top Performers will be selected and will receive a share of $100 million in Empire State Development Capital Grant funding, with the remaining five regions receiving a share of $50 million in Empire State Development Capital Grant funding. Each region will also be eligible for up to $75 million in Excelsior Tax Credits.  Each region will also receive $10 million to implement projects identified through the Downtown Revitalization Initiative, and projects from all 10 regions submitted through the CFA will be eligible for over $525 million in other state agency funds. About the Consolidated Funding Application As part of Governor Cuomo’s efforts to improve the state’s economic development model, a NYS Consolidated Funding Application (CFA) was created to streamline and expedite the grant application process. The CFA process marks a fundamental shift in the way state resources are allocated, ensuring less bureaucracy and greater efficiency to fulfill local economic development needs. The CFA serves as the single-entry point for access to economic development funding, ensuring applicants no longer have to slowly navigate multiple agencies and sources without any mechanism for coordination. Now, economic development projects use the CFA as a support mechanism to access multiple state funding sources through one application, making the process quicker, easier, and more productive. To access the CFA, please visit https://apps.cio.ny.gov/apps/cfa/. About the Regional Economic Development Councils The Regional Economic Development Council (REDC) initiative is a key component of Governor Cuomo’s approach to State investment and economic development. In 2011, Governor Cuomo established 10 Regional Councils to develop 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. For more information on the Regional Councils, visit www.regionalcouncils.ny.gov. Contact: Jack Sterne (ESD) | [email protected] | (212) 803-3764 ESD Press Office | [email protected] | (800) 260-7313
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Press Release

Wednesday, October 2, 2019 - 11:21am
The Mid-Hudson Regional Economic Development Council (MHREDC) today announced it recently submitted its 2019 Progress Report to New York State to meet the October 1 deadline. The progress report details the council’s achievements in implementing its strategic plan and reflects the Mid-Hudson's progress on efforts to ensure sustainable and long-term growth in the seven-county region and to leverage the region’s advantages in key industry sectors, including advanced manufacturing, life sciences, food and beverage manufacturing, and tourism.   In furtherance of these goals, strategies and initiatives, the report recommends 21 priority projects to advance the region’s growth objectives. These projects represent at least $20 million in requested state funding, leveraging $293 million in private and other funding for total project expenses of more than $313 million. Detailed information about the MHREDC’s 2019 endorsed priority projects is available in the progress report here.   “The MHREDC is committed to providing meaningful opportunities for economic growth and job creation that benefit communities throughout the Mid-Hudson region, and the state’s regional approach to economic development allows us to allocate funding in close partnership with local municipalities,” said Donald Christian, co-chair of the Mid-Hudson Regional Economic Development Council and president of SUNY New Paltz. “We are proud to introduce the latest MHREDC priority projects and look forward to seeing them revitalize downtowns, expand businesses and provide stable employment in the coming years.”   Round IX of the REDC initiative will award up to $750 million in state funding and tax incentives, including up to $150 million in capital grants and up to $75 million in Excelsior Tax Credits for projects and activities identified by the Councils as regional priorities in their communities. Additionally, up to $525 million from state agency programs will be awarded through the CFA process. Funding awards will be announced by the end of the year.   The REDC process has transformed New York State government’s approach to economic development, creating a statewide framework for bottom-up, regional economic growth and streamlining the state funding application process. Since 2011, the first year of the initiative, more than $6.1 billion has been awarded to over 7,300 job creation and community development projects consistent with each region’s strategic plans, projecting to create and retain more than 230,000 jobs.  2019 REDC Competition In 2019, all 10 REDCs will be competing for a designation as a Top Performer. Five Top Performers will be selected and will receive a share of $100 million in Empire State Development Capital Grant funding, with the remaining five regions receiving a share of $50 million in Empire State Development Capital Grant funding. Each region will also be eligible for up to $75 million in Excelsior Tax Credits.  Each region will also receive $10 million to implement projects identified through the Downtown Revitalization Initiative, and projects from all 10 regions submitted through the CFA will be eligible for over $525 million in other state agency funds.  About the Consolidated Funding Application As part of Governor Cuomo’s efforts to improve the state’s economic development model, a NYS Consolidated Funding Application (CFA) was created to streamline and expedite the grant application process. The CFA process marks a fundamental shift in the way state resources are allocated, ensuring less bureaucracy and greater efficiency to fulfill local economic development needs. The CFA serves as the single-entry point for access to economic development funding, ensuring applicants no longer have to slowly navigate multiple agencies and sources without any mechanism for coordination. Now, economic development projects use the CFA as a support mechanism to access multiple state funding sources through one application, making the process quicker, easier, and more productive. To access the CFA, please visit https://apps.cio.ny.gov/apps/cfa/.  About the Regional Economic Development Councils The Regional Economic Development Council (REDC) initiative is a key component of Governor Cuomo’s approach to State investment and economic development. In 2011, Governor Cuomo established 10 Regional Councils to develop 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. For more information on the Regional Councils, visit www.regionalcouncils.ny.gov. Contact: Adam Kilduff | [email protected] | (212) 803-3744 ESD Press Office | [email protected] | (800) 260-7313
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Press Release

Wednesday, October 2, 2019 - 11:03am
The Capital Region Economic Development Council (CREDC) today announced it recently submitted its 2019 Progress Report to New York State to meet the October 1 deadline. The progress report details the council’s achievements in implementing its strategic plan and reflects the Capital Region's progress on efforts to ensure sustainable and long-term growth in the eight-county region and to leverage the region’s advantages in key industry sectors, including life sciences, high-tech manufacturing and agriculture. In furtherance of these goals, strategies and initiatives, the report recommends 12 priority projects to advance the region’s growth objectives. These projects represent up to $25.4 million in requested state investment, leveraging $113 million in private and other funding for total project expenses of more than $138 million. Detailed information about the CREDC’s 2019 endorsed priority projects is available in the progress report at www.regionalcouncils.ny.gov/capital-region. Dr. Havidán Rodríguez, CREDC Co-Chair and University at Albany President, said, "This year's report shows the Capital Region is alive with projects and possibilities. Together, we have taken our opportunities to the next level—leveraging our creativity, our diversity and the multitude of investments we’ve attracted over the past eight rounds of the REDC. We are proud to showcase our recent achievements alongside the new and innovative ideas that will create an even brighter future for the region." Ruth Mahoney, CREDC Co-Chair and KeyBank Market President, said, "We are already seeing the positive results of this year’s new statewide REDC priorities. Working with regional partners to increase the availability of child care has added an important dimension to our work, and creating a regional conversation around environmental justice has furthered our capacity to address this issue. The council's efforts in these areas, combined with our workforce development strategy, will generate sustainable, impactful results." Round IX of the REDC initiative will award more than $750 million in state funding and tax incentives, including up to $150 million in capital grants and up to $75 million in Excelsior Tax Credits for projects and activities identified by the Councils as regional priorities in their communities. Additionally, over $525 million from state agency programs will be awarded through the CFA process.  Funding awards will be announced by the end of the year. The REDC process has transformed New York State government’s approach economic development, creating a statewide framework for bottom-up, regional economic growth and streamlining the state funding application process. Since 2011, the first year of the initiative, more than $6.1 billion has been awarded to over 7,300 job creation and community development projects consistent with each region’s strategic plans, projecting to create and retain more than 230,000 jobs. 2019 REDC Competition In 2019, all 10 REDCs will be competing for a designation as a Top Performer. Five Top Performers will be selected and will receive up to $20 million in Empire State Development Capital Grant funding, with the remaining five regions receiving up to $10 million in Empire State Development Capital Grant funding. Each region will also receive $10 million to implement projects identified through the Downtown Revitalization Initiative, and projects from all 10 regions submitted through the CFA will be eligible for over $525 million in other state agency funds. About the Consolidated Funding Application As part of Governor Cuomo’s efforts to improve the state’s economic development model, a NYS Consolidated Funding Application (CFA) was created to streamline and expedite the grant application process. The CFA process marks a fundamental shift in the way state resources are allocated, ensuring less bureaucracy and greater efficiency to fulfill local economic development needs. The CFA serves as the single-entry point for access to economic development funding, ensuring applicants no longer have to slowly navigate multiple agencies and sources without any mechanism for coordination. Now, economic development projects use the CFA as a support mechanism to access multiple state funding sources through one application, making the process quicker, easier, and more productive. To access the CFA, please visit https://apps.cio.ny.gov/apps/cfa/. About the Regional Economic Development Councils The Regional Economic Development Council (REDC) initiative is a key component of Governor Cuomo’s approach to State investment and economic development. In 2011, Governor Cuomo established 10 Regional Councils to develop 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. For more information on the Regional Councils, visit www.regionalcouncils.ny.gov. Contact: Adam Ostrowski (ESD) | [email protected] | (518) 292-5148 | (800) 260-7313 ESD Press Office | [email protected] | (800) 260-7313
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Press Release

Wednesday, October 2, 2019 - 10:41am
The North Country Regional Economic Development Council (NCREDC) today announced it recently submitted its 2019 Progress Report to New York State to meet the October 1 deadline. The progress report details the council’s achievements in implementing its strategic plan and reflects the North Country's progress on efforts to ensure sustainable and long-term growth in the seven-county region and to leverage the region’s advantages in key industry sectors, including manufacturing, tourism and agriculture. In furtherance of these goals, strategies and initiatives, the report recommends 11 priority projects to advance the region’s growth objectives. These projects represent up to $13.6 million in requested state funding, leveraging nearly $55 million in private and other funding for total project expenses of more than $68.5 million. Detailed information about the NCREDC’s 2019 endorsed priority projects is available in the progress report at www.regionalcouncils.ny.gov/north-country. James McKenna, Regional Office of Sustainable Tourism CEO and NCREDC Co-Chair, said, "Our first act as Co-Chairs this year was to revise the way the council works by directly aligning its efforts with those of the state. Through the reorganization of our work groups, we created five groups to plan and position us for further progress, while mirroring the state's economic development pillars, to better align our regional vision and strategies. We are proud of the work the council has done over the past year, and we look forward to implementing the approved projects to continue the strong trajectory that will propel us forward." Dr. Ty Stone, Jefferson Community College President and NCREDC Co-Chair, said, "Working together to represent all seven counties in the North Country, we continue to find common threads and additional regional priorities, like determining a common Competitive Regional Identity that helps people understand what our region is all about. Together, we are building a stronger region by supporting projects that encourage sustainable economic growth, bolstered by the leadership and participation of our council members Round IX of the REDC initiative will award more than $750 million in state funding and tax incentives, including up to $150 million in capital grants and up to $75 million in Excelsior Tax Credits for projects and activities identified by the Councils as regional priorities in their communities. Additionally, over $525 million from state agency programs will be awarded through the CFA process.  Funding awards will be announced by the end of the year. The REDC process has transformed New York State government’s approach economic development, creating a statewide framework for bottom-up, regional economic growth and streamlining the state funding application process. Since 2011, the first year of the initiative, more than $6.1 billion has been awarded to over 7,300 job creation and community development projects consistent with each region’s strategic plans, projecting to create and retain more than 230,000 jobs. 2019 REDC Competition In 2019, all 10 REDCs will be competing for a designation as a Top Performer. Five Top Performers will be selected and will receive up to $20 million in Empire State Development Capital Grant funding, with the remaining five regions receiving up to $10 million in Empire State Development Capital Grant funding. Each region will also receive $10 million to implement projects identified through the Downtown Revitalization Initiative, and projects from all 10 regions submitted through the CFA will be eligible for over $525 million in other state agency funds. About the Consolidated Funding Application As part of Governor Cuomo’s efforts to improve the state’s economic development model, a NYS Consolidated Funding Application (CFA) was created to streamline and expedite the grant application process. The CFA process marks a fundamental shift in the way state resources are allocated, ensuring less bureaucracy and greater efficiency to fulfill local economic development needs. The CFA serves as the single-entry point for access to economic development funding, ensuring applicants no longer have to slowly navigate multiple agencies and sources without any mechanism for coordination. Now, economic development projects use the CFA as a support mechanism to access multiple state funding sources through one application, making the process quicker, easier, and more productive. To access the CFA, please visit https://apps.cio.ny.gov/apps/cfa/. About the Regional Economic Development Councils The Regional Economic Development Council (REDC) initiative is a key component of Governor Cuomo’s approach to State investment and economic development. In 2011, Governor Cuomo established 10 Regional Councils to develop 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. For more information on the Regional Councils, visit www.regionalcouncils.ny.gov. Contact: Adam Ostrowski (ESD) | [email protected] | (518) 292-5148 | (800) 260-7313 ESD Press Office | [email protected] | (800) 260-7313
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Press Release

Wednesday, October 2, 2019 - 10:32am
The Central New York Regional Economic Development Council (CNYREDC) today announced it recently submitted its 2019 Progress Report to New York State to meet the October 1 deadline. The progress report details the council’s achievements in implementing its strategic plan and reflects the (region)'s progress on efforts to ensure sustainable and long-term growth in the five-county region and to leverage the region’s advantages in key industry sectors, including manufacturing, agribusiness and health services. The CNYREDC represents a five-county region composed of Cayuga, Cortland, Madison, Onondaga and Oswego Counties. In furtherance of these goals, strategies and initiatives, the report recommends 30 priority projects to advance the region’s growth objectives. These projects represent up to $20 million in requested state funding, leveraging more than $266 million in private and other funding for total project expenses of more than $287 million. Detailed information about the CNYREDC’s 2019 Progress Report can be viewed on the CNYREDC website. "We have provided our annual progress report to the state," said CNYREDC Co-Chairs Randy Wolken, President & CEO of the Manufacturers Association of Central New York (MACNY) and Deborah Stanley, President of the State University of New York at Oswego said, "Together, we are working to ensure a prosperous future for the Central New York as we measure the performance and progress of our strategic plan and implement the strategies that will be used to achieve economic development success now and in the future ensuring the region continues to rise for years to come." Round IX of the REDC initiative will award more than $750 million in state funding and tax incentives, including up to $150 million in capital grants and up to $75 million in Excelsior Tax Credits for projects and activities identified by the Councils as regional priorities in their communities. Additionally, over $525 million from state agency programs will be awarded through the CFA process. Funding awards will be announced by the end of the year. The REDC process has transformed New York State government’s approach economic development, creating a statewide framework for bottom-up, regional economic growth and streamlining the state funding application process.  Since 2011, the first year of the initiative, over $6.1 billion has been awarded to more than 7,300 projects that are projected to create and retain more than 230,000 jobs statewide. Through eight rounds of the REDC competition, Central New York REDC has been awarded $703.6 million for 708 projects. 2019 REDC Competition In 2019, all 10 REDCs will be competing for a designation as a Top Performer. Five Top Performers will be selected and will receive a share of $100 million in Empire State Development Capital Grant funding, with the remaining five regions receiving a share of $50 million in Empire State Development Capital Grant funding. Each region will also be eligible for up to $75 million in Excelsior Tax Credits.  Each region will also receive $10 million to implement projects identified through the Downtown Revitalization Initiative, and projects from all 10 regions submitted through the CFA will be eligible for over $525 million in other state agency funds. About the Consolidated Funding Application As part of Governor Cuomo’s efforts to improve the state’s economic development model, a NYS Consolidated Funding Application (CFA) was created to streamline and expedite the grant application process. The CFA process marks a fundamental shift in the way state resources are allocated, ensuring less bureaucracy and greater efficiency to fulfill local economic development needs. The CFA serves as the single-entry point for access to economic development funding, ensuring applicants no longer have to slowly navigate multiple agencies and sources without any mechanism for coordination. Now, economic development projects use the CFA as a support mechanism to access multiple state funding sources through one application, making the process quicker, easier, and more productive. To access the CFA, please visit https://apps.cio.ny.gov/apps/cfa/. About the Regional Economic Development Councils The Regional Economic Development Council (REDC) initiative is a key component of Governor Cuomo’s approach to State investment and economic development. In 2011, Governor Cuomo established 10 Regional Councils to develop 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. For more information on the Regional Councils, visit www.regionalcouncils.ny.gov. Contact: Shari Voorhees-Vincent | [email protected] | (585) 399-7055 ESD Press Office | [email protected] | (800) 260-7313
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Press Release

Wednesday, October 2, 2019 - 10:23am
The Southern Tier Regional Economic Development Council (STREDC) today announced it recently submitted its 2019 Progress Report to New York State to meet the October 1 deadline. The progress report details the council’s achievements in implementing its strategic plan and reflects the region's progress on efforts to ensure sustainable and long-term growth in the eight-county region and to leverage the region’s advantages in key industry sectors. The STREDC represents an eight-county region composed of Broome, Chemung, Chenango, Delaware, Schuyler, Steuben, Tioga and Tompkins counties. In furtherance of these goals, strategies and initiatives, the report recommends 26 priority projects to advance the region’s growth objectives. These projects represent up to $23 million in requested state funding, leveraging more than $109 million in private and other funding for total project expenses of more than $133 million. Detailed information about the STREDC’s 2019 Progress Report can be viewed on the STREDC website. "We have provided our annual progress report to the state," said STREDC Co-Chairs Dr. Harvey Stenger, president of Binghamton University; and Judy McKinney Cherry, executive director of Schuyler County Partnership for Economic Development (SCOPED). "We are measuring the performance and progress of our strategic plan and implementing strategies that will be used to achieve economic development success now and in the future, ensuring the region continues to soar for years to come." Round IX of the REDC initiative will award more than $750 million in state funding and tax incentives, including up to $150 million in capital grants and up to $75 million in Excelsior Tax Credits for projects and activities identified by the Councils as regional priorities in their communities. Additionally, over $525 million from state agency programs will be awarded through the CFA process. Funding awards will be announced by the end of the year. The REDC process has transformed New York State government’s approach economic development, creating a statewide framework for bottom-up, regional economic growth and streamlining the state funding application process.  Since 2011, the first year of the initiative, over $6.1 billion has been awarded to more than 7,300 projects that are projected to create and retain more than 230,000 jobs statewide. Through eight rounds of the REDC competition, Southern Tier REDC has been awarded $613.3 million for 655 projects. 2019 REDC Competition In 2019, all 10 REDCs will be competing for a designation as a Top Performer. Five Top Performers will be selected and will receive a share of $100 million in Empire State Development Capital Grant funding, with the remaining five regions receiving a share of $50 million in Empire State Development Capital Grant funding. Each region will also be eligible for up to $75 million in Excelsior Tax Credits.  Each region will also receive $10 million to implement projects identified through the Downtown Revitalization Initiative, and projects from all 10 regions submitted through the CFA will be eligible for over $525 million in other state agency funds. About the Consolidated Funding Application As part of Governor Cuomo’s efforts to improve the state’s economic development model, a NYS Consolidated Funding Application (CFA) was created to streamline and expedite the grant application process. The CFA process marks a fundamental shift in the way state resources are allocated, ensuring less bureaucracy and greater efficiency to fulfill local economic development needs. The CFA serves as the single-entry point for access to economic development funding, ensuring applicants no longer have to slowly navigate multiple agencies and sources without any mechanism for coordination. Now, economic development projects use the CFA as a support mechanism to access multiple state funding sources through one application, making the process quicker, easier, and more productive. To access the CFA, please visit https://apps.cio.ny.gov/apps/cfa/. About the Regional Economic Development Councils The Regional Economic Development Council (REDC) initiative is a key component of Governor Cuomo’s approach to State investment and economic development. In 2011, Governor Cuomo established 10 Regional Councils to develop 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. For more information on the Regional Councils, visit www.regionalcouncils.ny.gov. Contact: Shari Voorhees-Vincent | [email protected] | (585) 399-7055 ESD Press Office | [email protected] | (800) 260-7313
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Press Release

Wednesday, October 2, 2019 - 10:15am
The Finger Lakes Regional Economic Development Council (FLREDC) today announced it recently submitted its 2019 Progress Report to New York State to meet the October 1 deadline. The progress report details the council’s achievements in implementing its strategic plan and reflects the Finger Lakes region’s efforts to ensure sustainable and long-term growth in the nine-county region and to leverage the region’s advantages in key industry sectors, including agriculture and food production, healthcare and life sciences, optics, photonics and imaging, tourism and arts and skills and talent development. The FLREDC represents a nine-county region composed of Genesee, Livingston, Monroe, Ontario, Orleans, Seneca, Wayne, Wyoming and Yates counties. In furtherance of these goals, strategies and initiatives, the report recommends 19 priority projects to advance the region’s growth objectives. These projects represent up to $28 million in requested state funding, leveraging $127 million in private and other funding for total project expenses of more than $155 million. Detailed information about the FLREDC’s 2019 Progress Report can be viewed on the FLREDC website. "We have provided our annual progress report to the state," said FLREDC Co-Chairs, Monroe Community College President Anne Kress and Greater Rochester Chamber of Commerce President & CEO Bob Duffy. "Together, we are working to ensure a prosperous future for the region as we measure the performance and progress of our strategic plan and implement the strategies that will be used to achieve economic development success now and in the future as the Finger Lakes moves forward." Round IX of the REDC initiative will award more than $750 million in state funding and tax incentives, including up to $150 million in capital grants and up to $75 million in Excelsior Tax Credits for projects and activities identified by the Councils as regional priorities in their communities. Additionally, over $525 million from state agency programs will be awarded through the CFA process. Funding awards will be announced by the end of the year. The REDC process has transformed New York State government’s approach economic development, creating a statewide framework for bottom-up, regional economic growth and streamlining the state funding application process.  Since 2011, the first year of the initiative, over $6.1 billion has been awarded to more than 7,300 projects that are projected to create and retain more than 230,000 jobs statewide. Through eight rounds of the REDC competition, Finger Lakes REDC has been awarded $656.6 million for 856 projects. 2019 REDC Competition In 2019, all 10 REDCs will be competing for a designation as a Top Performer. Five Top Performers will be selected and will receive a share of $100 million in Empire State Development Capital Grant funding, with the remaining five regions receiving a share of $50 million in Empire State Development Capital Grant funding. Each region will also be eligible for up to $75 million in Excelsior Tax Credits.  Each region will also receive $10 million to implement projects identified through the Downtown Revitalization Initiative, and projects from all 10 regions submitted through the CFA will be eligible for over $525 million in other state agency funds. About the Consolidated Funding Application As part of Governor Cuomo’s efforts to improve the state’s economic development model, a NYS Consolidated Funding Application (CFA) was created to streamline and expedite the grant application process. The CFA process marks a fundamental shift in the way state resources are allocated, ensuring less bureaucracy and greater efficiency to fulfill local economic development needs. The CFA serves as the single-entry point for access to economic development funding, ensuring applicants no longer have to slowly navigate multiple agencies and sources without any mechanism for coordination. Now, economic development projects use the CFA as a support mechanism to access multiple state funding sources through one application, making the process quicker, easier, and more productive. To access the CFA, please visit https://apps.cio.ny.gov/apps/cfa/. About the Regional Economic Development Councils The Regional Economic Development Council (REDC) initiative is a key component of Governor Cuomo’s approach to State investment and economic development. In 2011, Governor Cuomo established 10 Regional Councils to develop 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. For more information on the Regional Councils, visit www.regionalcouncils.ny.gov. Contact: Shari Voorhees-Vincent | [email protected] | (585) 399-7055 ESD Press Office | [email protected] | (800) 260-7313
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Press Release

Wednesday, October 2, 2019 - 10:12am
The Western New York Regional Economic Development Council (WNYREDC) today announced it recently submitted its 2019 Progress Report to New York State to meet the October 1 deadline. The progress report details the council’s achievements in implementing its strategic plan and reflects Western New York’s progress on efforts to ensure sustainable and long-term growth in the five-county region and to leverage the region’s advantages in key industry sectors, including tourism, health life sciences, agriculture and advanced manufacturing. In furtherance of these goals, strategies and initiatives, the report recommends 13 priority projects to advance the region’s growth objectives. These projects represent at least $16 million in requested state funding, leveraging $66.8 million in private and other funding for total project expenses of more than $82.8 million. Detailed information about the WNYREDC’s 2019 endorsed priority projects is available in the progress report here. Jeff Belt, WNYREDC Co-Chair and SolEpoxy President, said, “Western New York continues to make tremendous progress on the implementation of its strategies.  Our local-driven approach to investing state resources are reflected in the region’s economic indicators, the progress of our priority projects and the positive attitudes you encounter walking the streets in our neighborhoods.  The WNYREDC will continue to work together, form partnerships and advance our regional economy’s trajectory.” Round IX of the REDC initiative will award more than $750 million in state funding and tax incentives, including up to $150 million in capital grants and up to $75 million in Excelsior Tax Credits for projects and activities identified by the Councils as regional priorities in their communities. Additionally, over $525 million from state agency programs will be awarded through the CFA process. Funding awards will be announced by the end of the year. The REDC process has transformed New York State government’s approach economic development, creating a statewide framework for bottom-up, regional economic growth and streamlining the state funding application process. Since 2011, the first year of the initiative, more than $6.1 billion has been awarded to over 7,300 job creation and community development projects consistent with each region’s strategic plans, projecting to create and retain more than 230,000 jobs. 2019 REDC Competition In 2019, all 10 REDCs will be competing for a designation as a Top Performer. Five Top Performers will be selected and will receive a share of $100 million in Empire State Development Capital Grant funding, with the remaining five regions receiving a share of $50 million in Empire State Development Capital Grant funding. Each region will also be eligible for up to $75 million in Excelsior Tax Credits.  Each region will also receive $10 million to implement projects identified through the Downtown Revitalization Initiative, and projects from all 10 regions submitted through the CFA will be eligible for over $525 million in other state agency funds. About the Consolidated Funding Application As part of Governor Cuomo’s efforts to improve the state’s economic development model, a NYS Consolidated Funding Application (CFA) was created to streamline and expedite the grant application process. The CFA process marks a fundamental shift in the way state resources are allocated, ensuring less bureaucracy and greater efficiency to fulfill local economic development needs. The CFA serves as the single-entry point for access to economic development funding, ensuring applicants no longer have to slowly navigate multiple agencies and sources without any mechanism for coordination. Now, economic development projects use the CFA as a support mechanism to access multiple state funding sources through one application, making the process quicker, easier, and more productive. To access the CFA, please visit https://apps.cio.ny.gov/apps/cfa/. About the Regional Economic Development Councils The Regional Economic Development Council (REDC) initiative is a key component of Governor Cuomo’s approach to State investment and economic development. In 2011, Governor Cuomo established 10 Regional Councils to develop 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. For more information on the Regional Councils, visit www.regionalcouncils.ny.gov. Contact: Pamm Lent | [email protected] | (800) 260-7313 Laura Magee | [email protected] | (800) 260-7313
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Report

Friday, September 27, 2019 - 6:02pm
The Annual Program Report details the status of proposals for assistance from ESD's financial assistance programs. This year's report covers activity during the period from April 1, 2018, through March 31, 2019.  Empire State Development Annual Program Report Fiscal Year 2018-2019 
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