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, July 24, 2019 - 4:06pm
Governor Andrew M. Cuomo today announced startup competition 43North's portfolio of companies has surpassed a major hiring milestone, creating over 520 new jobs in Western New York as of July 2019. As recently as March of this year, 43North had created 400 jobs; in just a few short months, rapid growth of some of the 43North companies has driven that number beyond the 500 job mark. 43North is the startup competition that invests $5 million annually to attract startups to Buffalo and cultivate their growth in the region. Since the competition launched in 2014, 44 promising startups have raised over $250 million in venture capital after receiving investment from 43North. "43North has sent Buffalo's high-tech startup scene soaring by attracting, mentoring and growing the companies of the future," Governor Cuomo said. "Our investment in these dynamic businesses is paying off by creating hundreds of new jobs and attracting talented young employees who are excited to take part in the economic renaissance of the region." "Our innovative 43North competition continues to deliver real job growth, boosting Buffalo's reputation as the place to be for high-tech startup companies," said Lieutenant Governor Kathy Hochul. "Young people are staying here and moving back because there is hope for the future, and 43North companies are an essential part of that transformation. This incredible milestone highlights the importance of this competition and our economic development initiatives. I look forward to seeing many more companies begin their journey and future success in Western New York." Read the full press release here. 
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Blog Post

Wednesday, July 24, 2019 - 3:47pm
Summer is the season when new graduates celebrate their accomplishments, families and friends fire up the grill for barbecues and weddings are in full swing. And three New York State women-owned digital businesses are at the center of many of those summer celebrations: Glossier, Rent the Runway and Zola. These companies are adding to New York State’s fourth-in-the-nation ranking for women-owned tech businesses, a ranking that reflects the abundance of opportunities for female entrepreneurs in the Empire State. These opportunities are built on a foundation formed by New York’s many strengths, including a top tech talent pipeline, a diverse workforce and easy access to capital. The stats speak for themselves: New York ranks first in the Northeast for STEM graduates, is home to some of the most diverse counties in the country and is second in the nation for venture capital investment. New York’s innovation ecosystem, including high-tech industry clusters that benefit from a strong STEM pipeline and build off each other, is generating successful businesses. Glossier and Rent the Runway show how this works – during the same week in March 2019, both reached “unicorn status” or a $1 billion valuation. Launched in 2014, Glossier is a digitally-focused beauty brand known for its makeup and skin care products that come in instagrammable packaging. Last year, the company surpassed $100 million in sales. Founder and CEO Emily Weiss has said her idea for the company was inspired by “Into The Gloss,” a beauty blog she created in 2010 that draws 1.3 million monthly visitors and now links to the Glossier shopping site. Glossier has since raised almost $200 million in venture capital funding and in 2017 was ranked among Fast Company’s “Top 50 Most Innovative Companies.” In April 2017, Glossier relocated to One SoHo Square in Manhattan in a major expansion of its headquarters, creating nearly 300 new jobs in technology, finance, marketing, operations and other core functions. Weiss has said she is “grateful for New York State's support in expanding our team in New York City. It’s where we’ve grown from a beauty blog to a beauty brand and built our community. We are incredibly excited to continue building a team in downtown New York City who will work to further Glossier's mission of empowering women to feel proud of who they are today.” Rent the Runway’s co-founders, CEO Jennifer Hyman and Head of Business Development Jennifer Fleiss, met while earning their MBAs at Harvard University, where they brainstormed a business idea that would revolutionize the fashion industry: a way for women to dress up more affordably by renting, rather than buying, high-end clothing. The idea proved popular, with 100,000 people signing up on Rent the Runway’s launch day in 2009 and driving the company to become the $1 billion business it is today. Rent the Runway has continued to grow ever since, expanding into casual wear and subscription-based services that have created the need for even more space and employees. After an initial 40,000 square-foot Manhattan expansion in 2015 that generated 100 new jobs, the company is expanding again in Brooklyn, this time creating 252 additional jobs. In March, Fortune cited Hyman as one of “fewer than 20 women at the helm of a private U.S. company valued at more than $1 billion.” When Zola CEO and co-founder Shan-Lyn Ma launched her company in 2013, she disrupted the wedding industry. What started as an e-commerce gift registry website grew into a one-stop shop for all things wedding planning, including wedding website design, guest list management, planning check lists and more. The company’s free suite of online tools radically reinvented the wedding planning experience and this past January through June, Zola once again revolutionized the industry, bringing its virtual wedding planning experience to life with the opening of its first brick-and-mortar store in New York City. At Zola’s pop-up location in Flatiron, customers were able to access in-person consulting services, a listening booth to plan wedding playlists and even a 3-D printer to create customized wedding cake toppers. With nearly $141 million in funding, Zola also announced plans this year to grow its headquarters in New York City with a new 30,000 square-foot space on the floor of 7 World Trade Center and plans to create 100 new high-paying, tech-focused jobs. The success of these three companies not only reinforces New York’s commitment to diversity, highlights the state’s top tech talent and shows how women-owned tech businesses are growing – it also benefits New York State. Whether it’s skincare and beauty or fashion and wedding planning, women entrepreneurs continue to innovate and reinvent these industries, providing jobs for New Yorkers — in the summer and all year long.  
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Press Release

Wednesday, July 24, 2019 - 1:46pm
Empire State Development (ESD) today announced that Sono-Tek, a company that specializes in the manufacturing of thin film ultrasonic coating machinery used in the medical, electronic, advanced energy and several industrial markets, will expand its facility and create six new jobs in Milton, Ulster County, while retaining 60 jobs. Sono-Tek will invest $550,000 to undertake capital improvements and purchase machinery and equipment, expanding its existing buildings from 13,000 to 32,000 square feet of new, high-tech manufacturing space. Empire State Development President, CEO and Commissioner Howard Zemsky said, “New York encourages the expansion of manufacturing in innovative, high-tech industries, and Sono-Tek’s larger facility will allow the company to service more companies around the world while keeping local jobs and creating new ones.” ESD will provide $150,000 in Excelsior Jobs Program tax credits for the company to create six new jobs and retain 60 existing full-time jobs over a period of 10 years. The project aligns with the Mid-Hudson Regional Economic Development Council’s Work Initiative and state and regional workforce development. Sono-Tek Corporation President Steve Harshbarger said, “This is an exciting time in the history of Sono-Tek. We anticipate company growth in conjunction with expansion of our knowledge-based workforce. Participation from ESD and Central Hudson has allowed Sono-Tek to focus this expansion locally to the Hudson Valley. Several high tech manufacturing operations Sono-Tek presently outsources, are now planned to be completed in our New York facility.” Sono-Tek’s was founded in 1975 by Dr. Harvey L. Berger, who secured funding from the U.S. Department of Energy to create a more efficient fuel burner to cut energy costs. The company has since widely expanded in scope, with seven applications labs and more than 50 factory-trained distributors worldwide. Assembly Member Jonathan G. Jacobson said, "Sono-Tek is a locally-headquartered manufacturer that currently employs more than 60 high-paid workers. Its commitment to new technology allows Sono-Tek to maintain and improve its position as a leader in the global marketplace. These tax credits will enable the company to make significant improvements to its factory while also creating new jobs. I strongly support the State's investment in this important Hudson Valley employer." Ulster County Executive Patrick K. Ryan said, “Sono-Tek’s expansion will allow the Ulster County-based company to further contribute to our economy while creating new jobs. This is exactly the kind of company that we want to see grow and thrive here.  I thank the company, Empire State Development and our community partners for their support making the project a reality.” Town Supervisor Al Lanzetta said, "Ever since Sono-Tek decided to make Milton, NY the site of their design and manufacturing headquarters, they have been an integral part of the community and a contributor to the importance of quality craftsmanship in modern manufacturing." 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 Kilduff | [email protected] | (212) 803-3744 ESD Press Office | [email protected] | (800) 260-7313
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Press Release

Wednesday, July 24, 2019 - 12:00pm
Governor Andrew M. Cuomo today announced 12 transformational projects for Albany's Clinton Square neighborhood as part of the $10 million Downtown Revitalization Initiative (DRI) award. The strategic investments in Clinton Square will enhance the neighborhood's role as the heart of the Capital Region and highlight the area's natural landmarks and attractions, events and entertainment, and thriving arts scene. The investments are part of the Governor's ongoing efforts to revitalize the upstate economy and create more opportunities for the Capital Region. "These targeted investments in Clinton Square will help strengthen the neighborhood's role as a historic gateway to the heart of the capital city," Governor Cuomo said. "By investing in the infrastructure, affordable housing and business community, we can help attract even more new businesses, residents and visitors to Albany." Read the full press release here. 
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Board Meeting

Tuesday, July 23, 2019 - 3:00pm
With videoconferencing to: Empire State Development – Buffalo Office 95 Perry Street, Suite 500 Buffalo, NY 14203
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Press Release

Tuesday, July 23, 2019 - 1:17pm
Support from Empire State Development and the New York Power Authority has helped the company add 454 jobs, invest $71 million in equipment and new facilities, and spend $18 million on R&D Workforce has grown from 630 in 2012 to 1,400 in 2019 Empire State Development today announced that Contract Pharmacal, a family-owned company that develops, manufactures, and packages pharmaceuticals, over the counter drugs, and dietary supplements has dramatically expanded its presence on Long Island, more than doubling its workforce over the last seven years from 630 to 1,400. Over that time period, support from Empire State Development and the New York Power Authority has required the company to create 454 jobs, invest $71 million in equipment and new facilities, and spend $18 million on research and development. These projects have further strengthened Long Island’s booming pharmaceutical industry and built on Governor Cuomo’s efforts to create opportunity in every region of New York State. Lieutenant Governor Kathy Hochul visited the Contract Pharmacal site today, touring a building under renovation thanks to state support. Empire State Development President, CEO and Commissioner Howard Zemsky said: “Our regionally-focused economic development process invests in industry clusters that benefit from close collaboration — including pharmaceutical companies on Long Island. We are proud to see the results of our long-standing relationship with Contract Pharmacal and look forward to continuing these efforts.” Gil C. Quiniones, NYPA President and CEO, said: “ReCharge NY has been a critical economic driver under Governor Cuomo throughout the state, including on Long Island where the power program currently supports more than 67,000 jobs. It’s great to see Contract Pharmacal’s significant success in Hauppauge during its participation in ReCharge NY.” “Contract Pharmacal has deep roots on Long Island and thanks to support from New York State this innovative company has seen significant job growth in recent years,” said Lieutenant Governor Kathy Hochul, who toured their facility and made today’s announcement. “Their continued expansion is part of our ongoing strategy to create good-paying jobs, invest in our workforce, and ensure a brighter economic future for Long Island and across the state.” Mark Wolf, President of Contract Pharmacal, said: “The support of New York State has allowed us to expand and remain competitive in this highly specialized industry.” “Contract Pharmacal started on Long Island as a small business, and for decades they have invested in Suffolk County, growing to provide quality high-skill, high-knowledge jobs for our residents,” said County Executive Steven Bellone. “Thanks to Governor Cuomo’s commitment to economic development and job growth, employment opportunities in the pharmaceutical industry have more than doubled over the course of the last 7 years and the industry remains the most significant manufacturing sector on Long Island.” Founded in 1971, Contract Pharmacal is a family owned company that develops, manufactures and packages pharmaceuticals, over the counter drugs, and dietary supplements. Its customers include major drug companies, retailers and wholesalers. The company has been based on Long Island for more than four decades. Over the last seven years, the company has dramatically expanded its presence on Long Island, expanding from 630 employees in 2012 to 1,400 in 2019. The company now owns or leases ten different facilities in Hauppauge, totaling approximately 650,000 square feet. To support the company’s expansion over the last seven years, Empire State Development has offered $8 million of incentives tied directly to the company creating 454 jobs, investing $71 million in equipment and new facilities, and spending $18 million on research and development. The company has far exceeded its job creation number — adding 770 jobs in that time. The New York Power Authority currently provides the firm with 1.3 megawatts (MW) of ReCharge NY power, which provides qualifying businesses and non-profit organizations with discounted NYPA power in exchange for commitments to retain or create jobs in New York State. ReCharge NY offers up to seven-year power contracts. Half of the power—455 MW—is from NYPA’s Niagara and St. Lawrence-Franklin D. Roosevelt hydroelectric power plants, which provide some of the greenest, cleanest and lowest-cost electricity in the state. The remaining 455 MW is lower-cost power bought by NYPA on the wholesale market. 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 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. About NYPA NYPA is the largest state public power organization in the nation, operating 16 generating facilities and more than 1,400 circuit-miles of transmission lines. More than 70 percent of the electricity NYPA produces is clean renewable hydropower. NYPA uses no tax money or state credit. It finances its operations through the sale of bonds and revenues earned in large part through sales of electricity. For more information visit www.nypa.gov and follow us on Twitter @NYPAenergy, Facebook, Instagram, Tumblr and LinkedIn. Contact: Jack Sterne | [email protected] | (212) 803-3764 ESD Press Office | [email protected] | (800) 260-7313
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Press Release

Tuesday, July 23, 2019 - 11:14am
Penn Yan Dairy Beverage Manufacturer Will Add 195,000-Square-Feet of Space to Existing Warehouse Facility and Create Up to 15 New Jobs State Investment Further Supports “Finger Lakes Forward” – The Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy Empire State Development (ESD) today announced that KanPak, one of the largest employers in the Village of Penn Yan, Yates County will grow its operations in the Finger Lakes region. The company, which acquired the former Emmi Roth facility five years ago, produces a variety of dairy and coffee-based products, such as iced and cold brew coffee, ice cream, yogurt and frozen dessert products, milk shake bases, packaged milk and creamers and specialty beverages for the quick service restaurant (QSR) industry.  As part of the project, the company will construct a new private wastewater treatment plant on-site and expand its manufacturing line and warehouse. The buildout represents one of the largest construction projects in the Village’s history. Empire State Development President, CEO & Commissioner Howard Zemsky said, "New York State’s multi-pronged strategy for growing the Finger Lakes economy is reflected in KanPak’s decision to expand, creating top-quality jobs that will benefit Penn Yan and the entire region.” Founded in 1965, KanPak U.S. began as a family-owned dairy company based in Arkansas City, Kansas focusing on the development of aseptic processing and packaging for beverages and desserts. In December of 2014, KanPak was acquired by Golden State Foods headquartered in Irvine, California. The global supplier to the food service and retail industries previously acquired KanPak U.S. in 2013 and KanPak China in 2012. Kan-Pak President & CEO Larry McGill said, “We are excited about the new facility, as it will help us continue to grow as good corporate citizens, offering new opportunities for the future.  I wish to thank the Empire State Development for all of their help and assistance.” Empire State Development is helping to facilitate KanPak’s expansion with up to $600,000 through the Excelsior Jobs Program in exchange for job creation commitments. ESD is also providing a $150,000 Capital Grant for the project. The company will hire up to 15 new employees over the next five years and will retain 197 jobs as a result of the state investment. KanPak is investing almost $21 million and expects the expansion at the Horizon Park Drive location to be completed sometime in the summer of 2020. Yates County is also providing incentives for the project. KanPak’s growth contributes to the forward momentum already underway in the Village of Penn Yan which, in the fall of 2018, was named as the $10 million winner for round three of Governor Cuomo’s transformational Downtown Revitalization Initiative. The state funding will work to revitalize the village’s downtown neighborhoods and generate new opportunities for long-term growth. Senator Thomas F. O'Mara said, “The ongoing growth and expansion of KanPak is outstanding news for the Village of Penn Yan, Yates County and the entire Finger Lakes region. It ensures that the county’s manufacturing base will keep growing with new jobs and increased opportunities for the entire area. State and local investment and partnership continue to make a difference for long-term, countywide revitalization.” Assembly Member Philip A. Palmesano said, “KanPak’s expansion and new facility is a welcome and exciting addition to the revitalization of Penn Yan and Yates County. It will create good new jobs and continue to strengthen the county’s manufacturing sector for the long term.  It’s great news and we are grateful to the state and local leaders for their ongoing commitment to the county’s future. Steve Griffin, CEO of The Finger Lakes Economic Development Center (FLEDC) of Yates County said, “We are very thankful to have KanPak, and their parent company, Golden State Foods in Yates County. Their significant investment continues to build on the nearly 30% growth in manufacturing jobs and 20% growth in total jobs Yates County has experienced since 2000.  KanPak’s investment extends beyond their facility out into the community through the Golden State Foods Foundation, which has made multiple investments into community organizations in Yates County. Empire State Development’s investment in KanPak’s expansion and Governor Cuomo’s Downtown Revitalization Initiative investment will further accelerate Yates County’s rapid economic growth and bolster the positive economic ecosystem the community has worked so hard to build and implement.” Penn Yan Mayor Leigh MacKerchar said, “The Village of Penn Yan is very appreciative of KanPak's decision to make this major commitment to our community.  KanPak has become a very active beneficial part of our area.  In addition to now being one of our largest employers, their foundation work has greatly benefited the disadvantaged.  We are grateful for the continued investment that they are making in Penn Yan.” For more information about KanPak, click here. Accelerating Finger Lakes Forward  Today’s announcement complements “Finger Lakes Forward,” the region’s comprehensive blueprint to generate robust economic growth and community development. The State has already invested more than $6.1 billion in the region since 2012 to lay the groundwork for the plan – investing in key industries including photonics, agriculture‎ and food production, and advanced manufacturing. 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 Rochester, Batavia and Canandaigua as a destination to grow and invest in. Now, the region is accelerating Finger Lakes Forward 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 8,200 new jobs. More information is available here. ​ Contact: Shari Voorhees-Vincent | [email protected] | (585) 399-7055 Press Office | [email protected] | (800) 260-7313
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Press Release

Monday, July 22, 2019 - 12:02pm
Historic Landscape Is Final Component of the Two Decades-Long Restoration Effort Restoration Project Received Investment Totaling More Than $50 Million from Federal and State Partners Governor Andrew M. Cuomo today announced the completion of the restored Frank Lloyd Wright-designed landscape on the estate of the Darwin D. Martin House, the final component of the overall restoration effort that has spanned more than two decades and received more than $50 million in investments in the National Historic Landmark and New York State Historic Site. The Martin House received $24 million in total funding from New York State beginning in 1993, and Governor Cuomo closed the gap with a $5 million commitment. Those final funds were used primarily to rehabilitate the historic landscape, preserve the Barton House (1903) - the secondary residence on the estate - and complete the restoration of the second floor of the Martin House.  "The Darwin Martin House is one of Western New York's most iconic attractions," said Governor Cuomo. "The restoration of the historic landscape is an outstanding addition to this important piece of Buffalo's growing architectural tourism industry." "The Darwin Martin House is part of the exceptional architectural history of Western New York and the fabric of the Parkside neighborhood," said Lieutenant Governor Kathy Hochul, who spoke at today's event. "The restoration of this iconic Frank Lloyd Wright design represents the vision of an entire community and has long been a top priority for state investment. With the estate now restored to its former glory, it will be even more of an economic engine for the City of Buffalo, drawing visitors from around the world to experience this unique attraction." Read the full press release here. 
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Public Notice

Monday, July 22, 2019 - 12:00am
Corrected and Amended Notice of Completion: Belmont Park Redevelopment Civic and Land Use Improvement Project Final Environmental Impact Statement
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