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

Tuesday, October 26, 2021 - 3:08pm
GENIUS NY Program Builds on Progress of CNY Rising - The Region's Comprehensive Strategy to Create Good Jobs and Attract Businesses to Central New York Airtonomy of North Dakota Wins $1 Million Grand Prize Four Additional Finalists Each Receive $500,000 Governor Kathy Hochul today announced that Airtonomy, of Grand Forks, North Dakota, is the $1 million grand prize winner of round five of the GENIUS NY accelerator competition. The year-long GENIUS NY program is the world's largest business competition focused on unmanned systems, cross-connected platforms and other technology-based sectors. Airial Robotics of Hamburg, Germany, CarScanner of Krakow, Poland, Circle Optics of Rochester, NY and WindShape of Geneva, Switzerland were each awarded investments of $500,000 following the round five virtual pitch event. The teams will use these investments to continue to accelerate their growth and expand their presence in the region. To date, New York State has invested $25 million in GENIUS NY over five rounds of the competition. GENIUS NY participants are required to operate their business in Central New York for at least one year. "The GENIUS NY competition continues to transform the landscape of Central New York by attracting the next generation of innovative entrepreneurs from around the world to the region," Governor Hochul said, "Our continued investment in unmanned aerial system businesses is helping to ensure that New York remains the leader in this important industry and brings quality jobs and economic growth to Central New York." The GENIUS NY program, which is administered by CenterState CEO's Tech Garden in Syracuse, offers participants incubator space, company resources, programming and mentoring. Since 2017, GENIUS NY companies have raised more than $73.5 million in follow-on funding and have created 60 jobs in the region. The advancement of the GENIUS NY program builds on the progress of CNY Rising, the region's award-winning strategic plan to revitalize communities and grow the economy. Grand prize winner Airtonomy, which was started in 2018 and has 25 employees, enables anyone to collect data uniformly using autonomous vehicles or drones. It makes complex flight as easy as pushing a button so that a wind technician, security guard or power lineman can operate a drone safely and consistently, and collect data uniformly. This means data collected can be processed automatically using machine learning and turned into actionable intelligence for an organization. Read the full press release here
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Press Release

Monday, October 25, 2021 - 2:00pm
112,000 Square Foot Facility - Formerly the Endicott Shoe Box Factory - Now Open to its First Class of Students New York State Invests $287 Million in 13-acre Health Sciences Campus and STEM Education Initiatives at Binghamton University Governor Kathy Hochul today announced the grand opening of Binghamton University's Decker College of Nursing and Health Sciences in the Village of Johnson City, Broome County. The State has invested a total of $287 million to complete the 13-acre Health Sciences Campus in downtown Johnson City, which includes Decker College, and STEM Education Initiatives at Binghamton University. The now completed, six-story, 112,000 square foot, learning facility is located inside of the repurposed Endicott Johnson Shoe Box Factory. Once a 97,000 square foot structure, the project included the construction of a 15,000 square foot addition to the original building. More than 130 faculty and staff are employed across Decker College, which has more than 700 students (undergraduate and graduate). There are more than 6,000 Decker College alumni across the world, many of whom are serving their communities as leading clinicians, researchers, educators and administrators. "It's an exciting moment for New York as we celebrate the grand opening of Binghamton University's brand new facility for the Decker College of Nursing and Health Sciences, our latest investment in New York's world-class education system that is creating the workforce of tomorrow," Governor Hochul said. "Through this project and other transformational initiatives across the Southern Tier, we will be able to attract and retain young talent while growing our state's economy." The new Decker College of Nursing and Health Sciences Building, which welcomed its first students to Johnson City in 2021, represents just one component of the university's ambitious Health Science Campus located in the former blighted Corliss Avenue neighborhood in the village. The project includes the Binghamton University School of Pharmacy and Pharmaceutical Sciences, which graduated its first class this past spring and with that first graduating class came full accreditation for the program from the Accreditation Council for Pharmacy Education. In partnership with New York State, Binghamton University has transformed a once-blighted area in a severely economically challenged section of Johnson City. The Health Sciences Campus, located just south of the village's Main Street Business District, has become a place where people are living, working, playing and conducting ground breaking research. Currently, the university is also partnering with Lourdes Hospital to construct a nearby elder care facility that will serve the community and allow students to receive hands on clinical experience.  Read the full press release here.
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Press Release

Monday, October 25, 2021 - 11:45am
Acquisition of Manufacturing facility from subsidiaries of Endo International plc ("Endo"), Retain and Create 250 Jobs in the Mid-Hudson Region  Governor Kathy Hochul today announced that Strides Pharma Inc. will expand its manufacturing and marketing operations from New Jersey and Florida to Chestnut Ridge, Rockland County, New York. Strides will acquire and build out the former Endo Pharmaceutical plant, retain more than 215 of its employees, add an additional 40 jobs and invest more than $42 million over a span of the next few years to manufacture both brand-name and generic drugs for its own distribution and marketing as well as for others as a contract manufacturer.      Strides Pharma Science Limited, the parent company of Strides Pharma, Inc., is a pharmaceutical company with a major focus on development and manufacture of technology-led finished dosage formulations. The company is also among the world's largest manufacturers of soft gelatin capsules.    "The COVID-19 pandemic has made clear that having domestically produced medical supplies, especially in times of crisis, is critical for a secure supply chain and a safer New York," Governor Hochul said. "I am pleased that Strides Pharma, Inc. will expand in the Mid-Hudson region, creating good paying jobs and investing in the State's economy."  Lieutenant Governor Brian Benjamin said, "This is another great company that has recognized that New York State is a good place to do business. Strides Pharma's move to acquire Endo Pharmaceuticals and invest in the region will fill a critical need for pharmaceuticals manufactured in the U.S, retain and create much needed jobs and continue the positive momentum we are experiencing as we move further from the hardships brought by the COVID-19 pandemic."   Read the full press release here.
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Press Release

Saturday, October 23, 2021 - 12:00pm
New Round of Funding will Enable Next Stage of Development for Critical Defense Applications and Other Advanced Capabilities  Governor Kathy Hochul today announced the American Institute of Manufacturing Photonics has secured a new seven-year cooperative agreement with the Air Force Research Laboratory and the Research Foundation of the State University of New York, which includes support totaling more than $321 million.   The funding includes $165 million awarded by AFRL on behalf of U.S. Department of Defense and $156 million from other sources, including more than $60 million previously awarded from New York State as part of a $250 million commitment to establish the institute, contributions from participating companies, colleges and universities, and other state governments. The funds will be used to help ensure the manufacturing readiness of advanced photonics, a technology that is essential to national security and critical to the future of high-performance microelectronics  "As New York continues to rebuild our economy, we remain focused on growing the new and emerging technology sectors that will be the economic engines of the future," Governor Kathy Hochul said, "Under my administration, New York will always do everything possible to support our brightest minds as they push the boundaries of what is possible and with this funding in hand, we are now better able to ensure New York and the nation will remain at the forefront in the world of technological innovation, research and development."  Director of Office of the Undersecretary of Defense's Technology and Manufacturing Industrial Base program Rob Gold said, "This award signifies the Department's continued commitment to advancing integrated photonics technologies in conjunction with its investments in microelectronics. AIM Photonics has achieved remarkable technical success in its initial five-year standup period as a Manufacturing Innovation Institute.  Even more progress is anticipated over the next seven years as the domestic industrial base in integrated photonics matures."  Empire State Development Chief Operating Officer and Executive Deputy Commissioner Kevin Younis said, "Thanks to the cutting-edge work and research being done by the team at NY CREATES and AIM Photonics, New York State continues to be recognized as a pioneer in this emerging field, whose application has the potential to span myriad business markets.  The Department of Defense's extended partnership with New York will allow us to further develop this cutting-edge industry and create economic opportunities, both now and in the future, throughout the state."  
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Press Release

Friday, October 22, 2021 - 11:12am
Project is Designed to Calm Traffic and Increase Walkability in the City Empire State Development (ESD) today announced the completion of construction for the Walkable Olean Phase II project. The nearly $1.5 million dollar project quiets traffic and encourages safe pedestrian travel in the City’s downtown area, bolstering the local economy by providing easier access to businesses. "A vibrant downtown is vital to transforming communities into great destinations to work, play and raise a family,” said Empire State Development Chief Operating Officer and Executive Deputy Commissioner Kevin Younis. "ESD’s investment in the Walkable Olean Phase II project will help generate economic activity by increasing pedestrian traffic and opening up new opportunities for businesses.” The public works project extended the previously completed Walkable Olean initiative, which renovated North Union Street from State Street to Main Street. Through Phase II, Main Street was reconstructed from North Union to Olean General Hospital, and also included improvements on Front Street from the North Union Street Extension to First Avenue. The project was supported by business owners, the Beautification Committee, Greater Olean Area Chamber of Commerce and passionate residents who embraced the opportunity to improve the business district in the City of Olean by making it more user friendly. The Walkable Olean Phase II project includes the following elements: Two raised median islands along North Barry Street to aid in pedestrian crossing. A10-foot, shared-use sidewalk on the east side of Main Street from North Union to the bridge over Olean Creek with a southbound bicycle lane. A median with grass and trees on Front Street between North Union Street Extension and Main Street to calm traffic by reducing the four-lane street to a two-lane street with a left turning lane on each end. Milling and resurfacing the streets and improvements of pedestrian crossings. Bollard and traditional street lighting throughout the area. Funding includes a $285,964 grant from Empire State Development Regional Economic Development Council’s Regional Council Fund (Round I) and $541,913 from the state Transportation Alternatives Program, as well as part of the city’s annual state Consolidated Street and Highway Improvement Program. National Grid contributed $100,000 toward lighting on the project.  The City of Olean contributed $493,000. State Department of Transportation Commissioner Marie Therese Dominguez said, “The State Department of Transportation is proud to support and invest in the Walkable Olean Phase II project, which will help stimulate the local economy and benefit the larger community.  With raised medians, a new sidewalk, and other traffic calming measures, this project will allow pedestrians to safely experience, patronize and enjoy all that downtown Olean has to offer.” The City is continuing this would through a Third Phase valued at $1.6 million that will include reconstruction of East State Street, focused on the section of the street near the Olean Municipal Building. That project will be primarily funded by the City’s 2017 New York State Downtown Revitalization Initiative award. The Walkable Olean initiative is aligned with, the Western New York Regional Economic Development Council’s emphasis on smart growth and downtown redevelopment as core economic goals in its Strategy for Prosperity. By creating vibrant, walkable downtowns built on the principles of smart growth the WNY REDC seeks to create attractive places for people to want to live, work, and raise a family, and in turn create attractive environments for businesses to locate. Investments in existing downtowns have also been found to reduce local infrastructure and municipal service costs, helping to ease fiscal difficulties. Senator George Borrello said, “These latest investments in Olean’s downtown will produce returns many times over in terms of increased economic activity and quality of life, which is why I was a strong supporter of this project. Mayor Aiello and local officials have been the force behind downtown's ongoing transformation, and they deserve kudos for pursuing their vision. I would also like to thank Empire State Development, the Department of Transportation and all of the state and local partners who have made these wonderful improvements possible and set the stage for a bright future for this community.”  Assembly Member Joseph Giglio said, “Phase II of the Walkable Olean project continues the commitment of the City and its partners to make Olean's downtown more pedestrian-friendly. These improvements will further enhance the economic climate and make Olean more attractive for businesses that cater to foot traffic. Safer streets are always very good for the community, and we thank Empire State Development for the funding that helped make this project possible for the City of Olean. The hard work of the mayor, other local government officials, concerned citizens, and business owners to gather support, create a plan, and bring it to life should be commended. It is wonderful to see the results of their efforts in the completion of Phase II of the Walkable Olean Project.” Mayor William Aiello said, “Walkable Olean Phase II is a pleasant addition to Olean’s downtown district.  It is pedestrian friendly in a park-like setting and very welcoming.  Special attention was paid to the lighting which offers both bollard pathway lights for those walking and traditional streetlights for traffic.  In addition, new pedestrian traffic signals were installed at the intersection of Front and Main Streets, one of Olean’s busiest corners.  The new signals benefit both the pedestrian and traffic flow.  I am very appreciative of the funding that the City received from New York State Department of Transportation, Empire State Development, and National Grid as well as the support from the Olean Common Council.” 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 (Governor’s Office) | [email protected] | (716) 846-8309 Laura Magee (ECHDC) | [email protected] | (716) 846-8239
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Press Release

Thursday, October 21, 2021 - 4:10pm
New Training and Lab Space will Support the Growing Demand for Occupational and Physical Therapists and Nurses Empire State Development (ESD) today announced the completion of Utica College’s new $12.5 million Gordon Science Center Annex, a 23,300-square-foot building that will house state-of-the-art laboratory and teaching spaces. The Annex will support the college’s allied health professions programs, including occupational therapy, physical therapy, and nursing, which are some of the College’s most popular courses. The project was supported by a $1 million ESD grant, which will advance regional workforce development strategies by establishing a pipeline of well-trained professionals for in-demand healthcare industries. Empire State Development Chief Operating Officer and Executive Deputy Commissioner Kevin Younis said, “When we invest in our workforce, especially in industries that are in high demand throughout the state and the nation, we create economic prosperity for communities by providing a pipeline of skilled workers which attracts residents and businesses to the area. Utica College’s Gordon Science Center Annex will provide the resources and training to develop our healthcare workforce in the Mohawk Valley, setting the stage for continued growth and success in the region.” President of Utica College, Dr. Laura M. Casamento said, “It’s fitting that this new Science Center, made possible with the support from Empire State Development, opened its doors the same year we celebrate Utica College’s milestone 75th anniversary. There’s no better way to represent just how far we’ve come. Back in the late 1940s, it’s unlikely that even the most forward-thinking student could have imagined a campus facility like this one, with its cutting-edge tools and technology, and the limitless opportunities it provides. Today, in these classrooms and labs, students have the opportunity to develop skills and knowledge for careers in science and medicine as well as the power to make discoveries that transform our world.”  The new teaching laboratories includes spaces for genetics and molecular biology, cell biology and biochemistry, animal physiology and animal behavior, and human anatomy and physiology. The annex also has a GIS computing laboratory and classroom, as well as an active-learning classroom space to integrate lecture and laboratory for physics and other science classes for non-majors. Other spaces include a new vivarium with two procedure rooms, four climate-controlled housing rooms, a microscopy room, a clean molecular lab, a cell culture lab, as well as other flexible laboratory spaces for faculty-student research. The Gordon Science Center Annex is located on the main Utica College campus. The Center and the Annex are connected to F. Eugene Romano Hall, the academic building that houses classrooms and laboratories for the upper level health professions courses. The new, advanced teaching laboratories and spaces in the Annex will support innovative educational approaches that result in improved learning. By co-locating next to the existing science and allied health buildings, the Gordon Science Center Annex will become the on-campus hub of Utica College’s life and physical science and healthcare programs. The Bureau of Labor Statistics (BLS) estimates that there will be a shortage of 1.13 million nurses nationwide by 2024, and an estimated shortage of 26,560 physical therapists nationwide by 2027. Also, BLS estimates occupational therapist jobs will increase by 33.6% by 2024. All three professions have high turnover rate: between 17-19% for nurses, 16% for physical therapists, and nearly 35% for occupational therapists. The new Mohawk Valley Health System (MVHS) Regional Medical Center, currently under construction, will be more than 700,000-square-feet facility with nearly 400 patient beds, and will provide expanded health care services across many of their current service lines. Two of MVHS's most significant areas of need will be for qualified nursing and physical therapists, placing an even higher demand for these specialties.  Senator Joseph A. Griffo said,  “I am pleased that the Utica College Gordon Science Annex will be training the next generation of skilled healthcare workers in the Mohawk Valley.  We have seen a high demand for nurses and other healthcare practitioners since the start of the COVID-19 pandemic and being prepared for the future will keep the Mohawk Valley well placed for growth.” Assemblywoman Marianne Buttenschon said, “The expansion of this annex is crucial to meeting the needs of our future medical fields. Creating an academic, as well as, clinical experience for the students provides a state of the art approach to learning. I want to thank ESD and the Utica College leadership for their innovative and resourceful approach to meeting our needs.” “The need for medical professionals in Oneida County and across this nation has never been greater,” said Oneida County Executive Anthony J. Picente Jr. “This has been made even more evident by the COVID-19 pandemic and the certainty that we will face similar crises in the future. With the enormous upgrade we are currently undergoing to our area healthcare in the form of MVHS’s new Wynn Hospital, this essential new training pipeline at Utica College couldn’t come at a better time. The Gordon Science Center Annex will prove to be an asset to this region for years to come, and I thank all involved for bringing it to fruition.” City of Utica Mayor Robert Palmieri said, “Utica College is a tremendous asset to our community and the completion of the new Gordon Science Center Annex will provide state-of-the-art laboratory and teaching spaces to support Utica College’s extensive programs.   This project could not have come to fruition without collaborative partnerships and investment from Empire State Development (ESD).  I thank ESD for its continued support of substantive and transformational projects in the City of Utica.” 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 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: Kristin Devoe (ESD): [email protected] | (518) 414-1087 ESD Press Office: [email protected] | (800) 260-7313 
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Board Meeting

Thursday, October 21, 2021 - 9:30am
In accordance with recently passed Legislation, this meeting will be conducted via video conference and teleconference. The public may view and 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 4:30 pm on Wednesday, October 20, 2021.  
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Board Meeting

Wednesday, October 20, 2021 - 2:00pm
In accordance with recently passed Legislation, this meeting will be conducted via 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 4:30 pm on Tuesday, October 19, 2021.
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Press Release

Wednesday, October 20, 2021 - 1:53pm
$290 Million Electricity Substation and Green Hydrogen Fuel Production Facility in Genesee County Significant Investment in Green Hydrogen to Support State's Clean Energy Goals, Will Create up to 68 Jobs at State-of-the-Art Facility Project Represents First Build at the Western New York Science, Technology and Advanced Manufacturing Park in the Town of Alabama Investment Complements "Finger Lakes Forward" - The Region's Comprehensive Strategy to Revitalize Communities and Grow the Economy Governor Kathy Hochul today announced that leading alternative energy technology provider Plug Power has begun construction on a $290 million electricity substation and state-of-the-art green hydrogen fuel production facility at the Western New York Science, Technology and Advanced Manufacturing Park located in the Town of Alabama, Genesee County. Plug Power, the first tenant at the new manufacturing park, is also funding the construction of a 450-megawatt electricity substation that will support its hydrogen projection facility and future growth opportunities at STAMP. As North America's largest green hydrogen production facility, the plant will produce 45 metric tons of green liquid hydrogen daily servicing the Northeast region. When fully built, the facility will offer the company's transportation fuel customers pricing competitive to diesel, leading the way to decarbonizing freight-transportation and logistics supporting New York's path to achieving carbon-neutrality by 2050. Additionally, the company has committed to creating up to 68 new jobs.  "This groundbreaking is incredibly significant for the economies of the Finger Lakes and Western New York, providing new jobs and establishing the region as a prime destination for large manufacturers moving forward," Governor Hochul said. "Plug Power's new facility will be the largest plant in North America producing green hydrogen, advancing our ambitious green energy goals as we work toward a cleaner future." Read the full press release here. 
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Public Notice

Tuesday, October 19, 2021 - 6:00pm
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