Empire State Development Reports

ESD is dedicated to sharing information about its work with the public. In this Reports section, you can find many of the quarterly and annual reports that we provide each year, detailing key New York State economic development projects and initiatives. 

In addition to the reports published below, you may also wish to explore ESD's Database of Economic Incentives, which provides a dynamic, user-friendly, searchable database of economic development projects that receive ESD support, or the 100+ economic development-related datasets available at data.ny.gov

Additional information is provided through reports published by our 10 Regional Economic Development Councils at regionalcouncils.ny.gov, as well as in the comprehensive archive of public meeting videos and materials published in the ESD Media Center.

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Press Release

Monday, November 8, 2021 - 3:46pm
Announcement Coincides with Reopening of International Borders $100 Million in One-Time Payments to Support Hardest-Hit Tourism Workers $100 Million in Grants to Encourage Tourism Employers to Rehire Staff $25 Million to Attract Convention Center and Hotel Events; Additional $25 Million for Global and Domestic Marketing Efforts Commitment to Advance Legislation Expanding Successful Small Business Recovery Program for Businesses Started Just Prior to or During the Pandemic with $200 Million Relief Program Governor Kathy Hochul today, coinciding with the reopening of international borders, announced a comprehensive $450 million "Bring Back Tourism, Bring Back Jobs" inclusive recovery package to support New York State's hardest-hit tourism sector workers, revitalize the state's tourism industry, and support businesses started just prior to or during the pandemic.   Governor Hochul made the announcement at the Museum of Natural History, joined by representatives from I LOVE NY, NY Forever, tourism and business groups, as well as labor groups representing workers in the tourism industry. This package of programs represents a multi-faceted approach to revitalizing the industry through assistance for workers, investments in small businesses, and consumer-focused marketing around the nation and the world.  "Our tourism industry represents the essence of what sets New York apart from the rest. New York can't come back from this pandemic unless our tourism industry and its workers come back," Governor Hochul said. "Our nation-leading $450 million recovery package not only helps tourism industry workers get back on their feet, but will also help small businesses and venues reopen their doors. Our message to the world is clear: New York is coming back and we welcome you with open arms." The economic impact of COVID-19 on New York State's tourism economy has been severe; in 2019, this industry supported one out of 10 jobs and generated more than $100 billion in economic impact. Last year, international visitation was down 86% from 2019, and domestic visitation fell by 37%, generating a nearly 55% loss in direct spending and an almost 50% drop in economic impact.     In response, Governor Hochul today announced a comprehensive strategy to support unemployed workers and struggling businesses in the critically important tourism and hospitality sector, which was New York's third-largest industry prior to the pandemic; to incentivize the rehiring of these critical workers; and to jumpstart demand for the State's tourism and hospitality attractions.   
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Press Release

Wednesday, November 3, 2021 - 6:00pm
New Plan Transforms Penn Station into Modern, World-Class Train Facility Reimagined Development Plan Reduces Density, Prioritizes the Public Realm and Social Services, Invests in Affordable Housing, Increases Transit Access and Shared Streets, Activates Pedestrian-Friendly Streetscape Renderings Available Here  Governor Hochul today unveiled her vision for a new commuter-first world-class Penn Station and revitalized surrounding neighborhood that reflects the community's needs and focuses on public transit and public realm improvements. The plan prioritizes the reconstruction of the existing station while the station expansion and the Gateway Project initiatives, both of which the Governor strongly supports, continue on their federally-established timelines. Governor Hochul's new plan thus allows the expedited reconstruction of the existing Penn Station, 60% of whose users are subway and LIRR riders. The new neighborhood plan comes after several months of collaboration and more than 100 meetings with community stakeholders, government agencies, and elected officials to improve on past plans and establish a new way forward. The plan announced today will also be subject to further public review and today's announcement is part of a larger public process that remains ongoing. "I'm reimagining the New York City commuter experience. New Yorkers do not deserve what they have been subjected to for decades at Penn Station," Governor Hochul said. "The era of neglecting our Penn Station commuters and the neighboring community is over. New York leaders are expected to offer visionary ideas and take bold actions, and that's exactly what my proposed transformation of Penn Station accomplishes. This plan puts New Yorkers first, delivering the rider-focused transit experience and great neighborhood they deserve. Investing in Penn Station means investing in New York's future as we recover from COVID and build a more sustainable, livable city." Read the full press release here. 
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Press Release

Wednesday, November 3, 2021 - 12:35pm
$55 Million State Investment Supports Creation of New Parking Facilities, Essential Sewer Upgrades, and Mixed-Use Space Phase Two to Create 388 Residential Homes, 88,500 Square Feet of Commercial and Office Space, and Over 1,200 Parking Spaces Renderings Available Here Governor Kathy Hochul today announced the groundbreaking for Phase Two of the $700 million state-of-the-art Ronkonkoma Hub, a major mixed-use development in the Town of Brookhaven, Suffolk County. The $256 million second phase will create 388 housing units, 73,000 square feet of commercial space, 15,500 square feet of office space, and more than 1,200 parking spaces. Empire State Development is supporting this project with a $50 million capital grant as part of the Transformative Investment Program funding allocated to Long Island in 2017 New York State budget. ESD previously provided $5 million, recommended by the Long Island Regional Economic Development Council, to support a new sewage treatment plant and sewer infrastructure improvements. "The Ronkonkoma Hub will be a major leap forward in building New York's economy and revitalizing the future of Long Island," Governor Hochul said. "This next phase of the Ronkonkoma Hub furthers our commitment to investing in transformative developments to bring residential and commercial spaces to Long Island. New York will continue making bold, strategic investments to support redevelopment and revitalization efforts across the State." The Ronkonkoma Hub project, developed by TRITEC Real Estate, Inc., is transforming a once-blighted area into a new live-work-play destination located steps from the Long Island Rail Road station, and just minutes away from MacArthur Airport, Long Island's only major commercial airport. Phase one of this project created Alston Square, a nearly-500 unit apartment community that was completed in March 2020. Phase two is anticipated to be completed in late 2024. Empire State Development Chief Operating Officer and Executive Deputy Commissioner Kevin Younis said, "The Ronkonkoma Hub builds on ESD's commitment to transformational economic opportunities by revitalizing a blighted area to create a vibrant and active community. This project will generate new residential and commercial spaces, supporting thousands of construction and permanent jobs within the community, while helping to catalyze regional economic growth."    Read the full press release here
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Press Release

Tuesday, November 2, 2021 - 3:51pm
Results of the Study Will Be Used to Inform Bills Stadium Negotiations Empire State Development (ESD) today announced the completion of the Buffalo Bills stadium analysis conducted by AECOM, a multinational engineering and consulting firm. The findings of the study will be used as a tool to help guide continued good faith negotiations for determining the best location for a future Bills’ stadium. "Empire State Development is pleased to present the completed AECOM Bills’ stadium analysis,” said Kevin Younis, Chief Operating Officer and Executive Deputy Commissioner at Empire State Development. “We are confident that the results of this analysis will be a valuable tool as the State, Erie County and the Buffalo Bills work together to make sure the team remains in the region in a facility that Bills fans and all New Yorkers can be proud of for years to come.”​ As the current lease with the Buffalo Bills to play home games at Highmark Stadium in Orchard Park expires in July of 2023, AECOM was retained to provide advisory services related to the potential development of a new stadium for the team after ESD requested proposals from previously pre-qualified firms to provide real estate, economic analysis and related services. The AECOM study addresses a variety of topics, including consideration of the renovation of Highmark Stadium versus the development of a new stadium; consideration of a new stadium in a downtown Buffalo site versus near the existing stadium in Orchard Park; consideration of an open-air stadium versus an enclosed stadium; and consideration of economic and fiscal impacts related to potential ancillary development, the ongoing operations of the Bills, and the potential loss impact if the Bills were to relocate to another market. The consultants did not recommend either site.  That decision will be based on negotiations between the parties. Factors to be considered will be the additional cost, the additional time to build a downtown stadium and the impacts to the local community, both positive and negative. AECOM’s report does provide a solid baseline of facts to better inform New York State’s negotiations with the Bills, as well as a public discussion of the best course of action.  The Erie County Legislature is scheduling a series of public meetings to receive comments on a potential stadium project – which will be considered as the state moves forward to shaping a deal with the Bills. The AECOM Bills stadium study can be seen in its entirety here. 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 Governor 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 Laura Magee | [email protected] | (716) 846-8239
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Report

Tuesday, November 2, 2021 - 3:24pm
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Board Meeting

Friday, October 29, 2021 - 11:00am
In accordance with recently passed Legislation, this meeting will be conducted by teleconference. The public may listen to the meeting via webcast by clicking the link below. Members of the public may submit comments on the Agenda items in writing to [email protected] by 5:30 pm on Thursday, October 28, 2021.
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Press Release

Thursday, October 28, 2021 - 9:36pm
Seven Additional Companies Each Receive $500,000 Investments Governor Kathy Hochul today announced the winners of the seventh annual $5 million 43North startup competition, including the grand prize winner of a $1 million investment and the seven other companies that each won investments of $500,000. In addition to the financial investments, the winners will receive one year of free space in the Seneca One where 43North is headquartered, guidance from experienced mentors, local connections to potential customers, access to 43North's network of investors and other business incentive programs. The winners were announced during an awards ceremony at Shea's Performing Arts Center in Buffalo. "Over the past seven years, the 43North startup competition has put Buffalo and the Western New York region on the map for innovation and entrepreneurship," said Governor Hochul. "I want to congratulate Top Seedz on their well-deserved success, as well as commend the hard work and creativity on display at tonight's competition from each and every one of the finalists. Through initiatives like 43North, we are attracting innovative startups to New York State and creating a more prosperous future." Read the full press release here
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Report

Thursday, October 28, 2021 - 12:30pm
Empire State Development (ESD) is committed to providing transparency and encouraging public engagement across its portfolio and investments. In response to Governor Kathy Hochul’s September 20, 2021 Government Transparency Initiative directive, this memorandum summarizes ESD’s current transparency-related practices and actions it will take to increase public awareness and accountability. ESD Transparency Memo
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Report

Thursday, October 28, 2021 - 9:56am
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Press Release

Wednesday, October 27, 2021 - 3:56pm
One Last Weekend to Enjoy the Exciting New Family-Friendly Addition to Buffalo’s Waterfront  With one final weekend to go in the inaugural season of the Roller Rink at Canalside, Erie Canal Harbor Development Corporation (ECHDC) and Buffalo Waterfront Management Group (BWMG) today announced that the rink has been a tremendous success.  The new seasonal attraction, in partnership with Highmark Blue Cross Blue Shield of Western New York and the Ralph C. Wilson Jr. Foundation, hosted nearly 10,000 skaters this fall, adding to the diverse offering of low-cost, family-friendly programming available at Canalside. In addition, 3,000 admission tickets were distributed to community organizations and the rink hosted school and nonprofit groups free of charge thanks to the partnership with Highmark and the Wilson Foundation. “Thousands of people from throughout Buffalo and beyond laced up and rolled this fall at Canalside,” said ECHDC Chairman Robert Gioia. “For some, it was a new challenge, while others hadn’t been up on polyurethane wheels since the ‘70s – but all had fun. We’re thrilled with the rink’s success and look forward to bringing it back next fall.” “The Roller Rink has exceeded our expectations in its inaugural season,” said Lauren Moloney Ford, General Manager, Canalside. “The community has truly embraced this program and we look forward to building off this year’s success in future years.” Before you put away your roller skates, there are several not-to-be missed events scheduled before the rink closes on Oct. 31: Friday, Oct. 29, 6 to 10 p.m.: Halloween-Themed Skate Night presented by Evans Bank. Theme: Halloween. A DJ will be on-site during the event and drink specials will be available at The Snack Shack.  Saturday, Oct. 30, 11 a.m. to noon: FREE Roller-Skating Lessons brought to you by W.A.V.E.’s Mentoring on Wheels and 716 Rollers. Two hours of roving instruction will follow the lesson.  Saturday, Oct. 30, 10 a.m. to noon: Free Goat Yoga. This event is sold out but stay tuned to Buffalo Waterfront social channels for openings.   Saturday, Oct. 30, 5 to 9 p.m.: Spookless Halloween in partnership with the 716 Rollers and Power 96.5. Join us for an evening of safe Halloween celebrations with a DJ, games and giveaways!   At more than 30,000 square feet, the Roller Rink at Canalside is the largest outdoor roller-skating rink in New York State. Admission is $6 per adult and $2 for children age 13 and younger. Roller skate rentals are $4. Highmark Blue Cross Blue Shield members receive $1 off admission and skate rentals. “As the official health plan of Canalside, we want to thank the community for rolling through the summer and fall with us,” said Julie R. Snyder, Vice President, Community Affairs, Highmark Blue Cross Blue Shield of Western New York. “Through the partnership, we were proud to provide access to roller skating and healthy lifestyle education to residents, non-profits, and schools in our community.” “The Friday Theme Nights, Saturday community events and roller-skating lessons along with the collaboration with community organizations like W.A.V.E., 716 Rollers, social causes played an important role in the success of the outdoor rink,” said Marilynn Young, President and Founding Member, 716 Rollers. “We are happy to see so many inner city families to and have had opportunities for local DJs to play at Canalside who may not have had the opportunity otherwise.” The Roller Rink at Canalside is a place for families and children of all ages to come and experience a new sport, and a range of fun and affordable programs and activities. The inaugural season offered a healthy and active outdoor environment, at low or no cost, that benefited the Western New York community and allowed children that might not otherwise be able to experience the roller rink an accessible means to do so.   To learn more about activities and events on the Buffalo waterfront, visit www.buffalowaterfront.com. About Erie Canal Harbor Development Corporation  A nine-member board consisting of seven voting directors and two non-voting, ex-officio directors governs the Erie Canal Harbor Development Corp. The seven voting directors are recommended by the New York state governor and are appointed by the New York State Urban Development Corporation d/b/a Empire State Development as sole shareholder of ECHDC. The Erie County executive and the City of Buffalo mayor hold the two non-voting, ex-officio director positions. For more information on ECHDC, visit https://esd.ny.gov/erie-canal-harbor-development-corporation-0.  Contact: Pamm Lent (Governor’s Office) | [email protected] | (716) 846-8309 Laura Magee (ECHDC) | [email protected] | (716) 846-8239 Lauren Moloney Ford (BWMG) | [email protected] | (716) 440-0120
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