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

Tuesday, February 6, 2018 - 4:27pm
Empire State Development (ESD) today announced the formation of the Belmont Community Advisory Committee, an advisory body comprising 15 community members appointed by local elected officials and ESD, to facilitate open communication and engagement between local residents and other stakeholders, and the New York Arena Partners joint venture, in the transformational $1 billion redevelopment of Belmont Park into a premier mixed-use destination for sports, entertainment, retail and hospitality.  “The Belmont CAC builds on our commitment to meaningful community engagement at every step of the redevelopment of Belmont Park into a job-creating, revenue-generating engine on Long Island,” said ESD President, CEO, and Commissioner Howard Zemsky. “This advisory body will help ensure that community stakeholders have a seat at the table as this transformational project takes shape.” The Belmont CAC will meet quarterly and as needed. The Belmont CAC members are: Danilo Archbold, Community Resident Evan Babbs, Tudor Manor Civic Association Lutricia (Pat) Edwards, Citi Community Development Edu Hermlyn, Community Resident  Leonard Hookum, Community Resident Jon Johnson, Youth Mentor & Coach Dave Kapell, Kapell Real Estate, Inc. Mattson Kukorua, Community Resident Cheryl Lee, Community Resident Dominick Longobardi, Mayor of the Village of Floral Park Mark McMillian, Community Board 13 (Queens) Geoffrey Prime, Mayor of South Floral Park Sandra Smith, Elmont Coalition for Sustainable Development Joyce Stowe, Tudor Manor Civic Association David Viana, Office of the Nassau County Executive In December 2017, Governor Cuomo unveiled the 10th proposal of his 2018 State of the State: Bringing the New York Islanders Home to Long Island, with a world-class, year-round sports and entertainment destination at Belmont Park. At an event at Belmont Park, the Governor announced the selection of New York Arena Partners, a joint venture among Sterling Equities, the Scott Malkin Group, Madison Square Garden and the Oak View Group, to lead the transformational redevelopment effort. The new facility will feature an 18,000-seat state-of-the-art arena for the New York Islanders; a 435,000-square-foot premier retail, recreation and hospitality complex; a premium full-service hotel; and other community amenities. The plan by NYAP remains subject to contractual negotiations, ESD Board of Director review, Franchise Oversight Board review, and all public approval requirements. The project is expected to create 12,300 construction jobs and 3,100 permanent jobs.     Contact: Amy Varghese (ESD) | amy.varghese@esd.ny.gov | (212) 803-3740 ESD Press Office | pressoffice@esd.ny.gov | (800) 260-7313
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Public Notice

Tuesday, February 6, 2018 - 2:30pm
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Press Release

Monday, February 5, 2018 - 5:09pm
Pictures and Maps of the Gorge Can be Found Here Governor Andrew M. Cuomo today announced that work will begin for on-the-ground ecological restoration work to "Restore the Gorge" in Niagara Falls. Beginning in February, the Western New York Land Conservancy will begin the two-year mission to control invasive species and plant native trees, shrubs, grasses and flowers in the Niagara Gorge from the Niagara Gorge Discovery Center to Devil's Hole State Park. The $2.1 million project is supported by a variety of State funds, including Buffalo Billion Phase II. It complements Governor Cuomo's $70 million revitalization of Niagara Falls State Park and other strategic state investments to strengthen the tourism industry in downtown Niagara Falls. "The Niagara Gorge is central to the natural beauty of the world-class attraction Niagara Falls," Governor Cuomo said. "The ecological restoration of this biologically diverse habitat goes hand in hand with our strategic investments that are reinvigorating tourism in Niagara Falls and our dedication to revitalizing the region." Read the full press release here. 
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Press Release

Monday, February 5, 2018 - 2:10pm
Announcement Complements “Central NY Rising” – The Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy Empire State Development (ESD) today announced its Division of Science, Technology & Innovation (NYSTAR) has awarded a New York State Science and Technology Law Center (STLC) designation to Syracuse University’s College of Law. The Law Center will continue to support economic development across New York State by leveraging the experience and expertise of law faculty and students to help businesses determine prospects for the success of new and emerging technologies in the global marketplace. ESD President, CEO and Commissioner Howard Zemsky said, “Our network of NYSTAR-supported centers is crucial to New York State’s innovation economy, providing assistance that helps companies transform concepts into realities. The Science and Technology Law Center continues to offer unparalleled research and legal solutions for a range of businesses and sectors, and I congratulate the College of Law’s faculty and students on their re-designation.” First designated in 2004, the STLC continues engage faculty and students in promoting greater awareness and understanding of legal issues in commercialization, such as intellectual property protection; technology transfer; patents, copyrights, and trademarks; and licensing agreements. They also will advise other State-designated Centers for Advanced Technology, Centers of Excellence, Certified Business Incubators, Innovation Hot Spots, and regional Manufacturing Extension Partnership centers on technology-related legal issues. The Law Center has expanded its services over the last five years to keep pace with the growth of the State’s technology start-ups. During the most recent designation, the STLC completed approximately 150 research projects at an average rate of 50 projects a year. The Law Center takes in clients from across New York State seeking the assistance of the STLC, Syracuse University’s extended Innovation Ecosystem, and other organizations dedicated to tech start-ups. ESD will support the Law Center with nearly $1.7 million in funding over the course of the five-year designation. During its designation the Law Center has collected an extensive body of research, educational materials, consulting services, high-quality academic offerings, and conducted information forums – including conferences, webcasts, newsletters and guidebooks – to promote economic growth in the state by helping to transform research and technology into business.  Syracuse University College of Law Dean Craig M. Boise said, “I am extremely pleased that NYSTAR has granted the College of Law the coveted designation as the only New York State Science and Technology Commercialization Law Center. NYSTAR’s action is an explicit recognition of our faculty’s strength in this area, as well as our students’ hard work and creativity. Coupled with the College of Law's Technology Commercialization Law Program, NYS STLC allows us to partner with industries across New York, to support economic development in the state, and to provide a law curriculum that is rich in hands-on, practical experience. Our innovative research and teaching in this area are, and will continue to be, attractive to prospective students interested in pursuing both traditional and non-traditional legal careers in the dynamic field of technology commercialization.” Senator David J. Valesky said, “Congratulations to Syracuse University’s College of Law on this designation and on the recognition of its students’ and faculty’s outstanding assistance to companies that are bringing new technologies to market. I am pleased that the Law Center will continue to provide expert services that will help technology start-ups across the state be successful.” Assemblyman William Magnarelli said, “I congratulate the Syracuse University College of Law’s Technology Commercialization Law program on being re-designated as the NYS Science and Technology Law Center. Since 2004, the STLC has been a leader in helping companies and entrepreneurs bring new ideas to market while educating future attorneys. The STLC has also been active in working with other NY educational institutions to provide these services statewide through the NYS Technology Commercialization Clinic Network. I look forward to working closely with Professor Rudnick and the staff of the SLTC to expand their programming and increase the number of companies they can serve going forward.” Onondaga County Executive Joanie Mahoney said, “By re-designating Syracuse University’s College of Law as the State’s Science and Technology Law Center, faculty and students there will continue to support innovation and business growth around Onondaga County and across the state. Congratulations to everyone at the College of Law, and thank you to Empire State Development for your continued support.” Syracuse Mayor Ben Walsh said, “This designation makes Syracuse even more fertile ground for entrepreneurs and start-up businesses. We thank ESD and the Governor for helping us take great ideas being born in Syracuse and grow them in to successful job-creating businesses.” Accelerating Central NY Rising   Today's announcement complements “Central NY Rising,” the region’s comprehensive blueprint to generate robust economic growth and community development. The State has already invested more than $4.7 billion in the region since 2012 to lay the groundwork for the plan – capitalizing on global market opportunities, strengthening entrepreneurship and creating an inclusive economy. Today, unemployment is down to the lowest levels since before the Great Recession; personal and corporate income taxes are down; and businesses are choosing places like Syracuse, Oswego and Auburn as a destination to grow and invest in. Now, the region is accelerating Central NY Rising with a $500 million State investment through the Upstate Revitalization Initiative, announced by Governor Cuomo in December 2015. 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 5,900 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 Governor Cuomo’s Regional Economic Development Councils and the marketing of “I LOVE NEW YORK,” the State’s iconic tourism brand. For more information on Regional Councils and Empire State Development, visit www.regionalcouncils.ny.gov  and www.esd.ny.gov.     Contact: Adam Ostrowski | Adam.Ostrowski@esd.ny.gov | (518) 292-5148 ESD Press Office | PressOffice@esd.ny.gov | (800) 260-7313
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Press Release

Monday, February 5, 2018 - 1:55pm
FY 2019 Budget Proposals Build on Governor's MWBE Accomplishments - Nation's Highest Goal For MWBE Utilization in State Contracts at 30 Percent Governor Andrew M. Cuomo today announced legislation to reauthorize and to expand the MWBE Program to more contracts entirely funded by the State. The proposed legislative changes and expansion to include all State-funded contracts will leverage the largest pool of State funding in history to combat systemic discrimination and create new opportunities for MWBE participation at every level. This action builds on Governor Cuomo's work to support women and minorities in achieving representative participation in the economy. In 2014, the Governor increased the Minority and Women-owned Business Enterprise goal for State contracting from 20 to 30 percent—the highest in the nation. Since 2011, state-certified MWBEs have won more than $10.4 billion in State contracts and the State has certified more than 6,600 MWBEs and re-certified more than 4,700 MWBEs. "In New York, we know that our economy is strongest when everyone is empowered to participate, which is why we continue to work to increase access and opportunities to success for minority and women owned businesses to strengthen and diversify our economy," Governor Cuomo said. "These actions will break down barriers to success and empower these business owners to help fuel our economy and move this great state forward." Read the full press release here. 
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Report

Friday, February 2, 2018 - 6:00pm
This comprehensive annual economic development report highlights ESD’s activities, projects, investments and initiatives throughout 2017. Empire State Development: Annual Report 2017
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Blog Post

Thursday, February 1, 2018 - 12:34pm
Among the many established and emerging companies in the Finger Lakes’ Optics, Photonics and Imaging (OPI) corridor, the industry's explosive growth—and future potential—is a rallying cry. But that growth has also exposed a very real challenge: the need for trained technicians ready to fill the existing and new jobs created by the boom.   While it seems like a daunting task, Monroe Community College’s (MCC) Optics and Photonics Technology program and its director, Dr. Alexis Vogt, view the growth in OPI as an opportunity that can benefit not only the region but all of New York State and beyond.   “I run the only Optical Systems Technology program in the country that is currently training and graduating students in optics fabrication,” says Vogt, who serves as the Rochester-based school's endowed chair and associate professor of Optics. She's become an impassioned advocate for OPI workforce training, and is working hard to help the industry realize its potential.
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Press Release

Wednesday, January 31, 2018 - 3:22pm
Governor Andrew M. Cuomo today announced Round III of the nation-leading New NY Broadband program - providing the last mile funding to ensure high-speed internet access for all New Yorkers. The $209.7 million Round III awards will provide 122,285 homes, businesses and community institutions across the state with access to high-speed Internet, driving in aggregate more than $341.8 million of public/private broadband investment. This represents the third and final round of the program and the completion of the Governor's promise to connect all New Yorkers to high-speed Internet for the first time in state history. Since the program's launch in 2015, Governor Cuomo has secured high-speed Internet upgrades for approximately 2.42 million locations statewide. These latest awards through Round III of the New NY Broadband Program will close the final gap and bring high-speed broadband to all New Yorkers in every corner of the state. "Access to high-speed internet is critical as New York works to deliver the resources needed for industries to thrive and businesses to remain competitive in the 21st century global economy," Governor Cuomo said. "This cutting-edge program is advancing our vision to connect communities, empower entrepreneurs and residents, and support advanced technological innovation. Projects achieved through the New NY Broadband Program are a major step forward in creating the most robust broadband infrastructure network in the nation, while ensuring that reliable, high-speed internet is available to all New Yorkers." Read the full press release here.
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Report

Friday, January 26, 2018 - 5:01pm
Empire State Development oversees administration of the film production and postproduction tax credits. These reports reflect program activity during the first, second, thirs and fourth quarters of 2017. The information presented includes projected spending, hires, and estimated credits for film and post-production projects deemed eligible to participate in the program, and, pursuant to new reporting requirements, actual spending, hires and credits issued to projects that have been completed and audited. 03/31/2017: Film Tax Credit - Quarterly Report, Calendar Year 2017: 1st Quarter 06/30/2017: Film Tax Credit - Quarterly Report, Calendar Year 2017: 2nd Quarter  09/30/2017: Film Tax Credit - Quarterly Report, Calendar Year 2017: 3rd Quarter  
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Report

Friday, January 26, 2018 - 5:00pm
Empire State Development oversees administration of the Empire State Musical and Theatrical Tax Credit Program, which is designed to encourage music and theatrical production companies to conduct pre-tour activities, technical rehearsals and to perform shows at locations in Upstate New York, home to some of the premier regional venues for musical and theatrical production. This report reflects activity during calendar year 2017. The information presented includes the number of productions that applied and projected spending and estimated credits for qualified production projects deemed eligible to participate in the Program.  Music and Theatrical Tax Credit Annual Report: Calendar Years 2017
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