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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Report

Monday, October 26, 2020 - 4:22pm
As required by statute, these reports contain the status of economic development programs administered by Empire State Development. Funding for the projects listed herein was approved by ESD during Fiscal Year 2020-21. Quarterly Status Report - First Quarter of Fiscal Year 2019-2020
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Report

Monday, October 26, 2020 - 10:28am
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Press Release

Saturday, October 24, 2020 - 4:30pm
New Facility Will Expand Child Care and Educational Programs for Working Families in the Bridgehampton Community Empire State Development (ESD) today announced the groundbreaking of the Bridgehampton Child Care and Recreational Center in Bridgehampton, Suffolk county. The Bridgehampton Child Care & Recreational Center will construct a new 7,800 square feet building to expand child care service capacity and educational programs to lower income working families in the Bridgehampton community. “The COVID-19 pandemic has exacerbated inequalities that already existed in our society, and nowhere is that more prevalent than with child care,” said Lieutenant Governor Kathy Hochul, Chair of the statewide Regional Economic Development Councils. “Through the Regional Economic Development Councils, we are focused on investing in child care and job training to help individuals and families get back to work and have access to affordable, quality child care options. The groundbreaking of the Bridgehampton Child Care and Recreational Center will expand child care services in the area and provide educational programs for children and working families. As we work to build back better and more inclusive, we must continue to invest in child care for all New Yorkers.”​ Empire State Development Acting Commissioner and CEO and President-Designate Eric Gertler said, “Many families across the state have limited access to affordable, quality childcare, and where spots are limited or far from home and work, creates a real challenge for working parents. This investment towards the expansion of the Bridgehampton Child Care and Recreational Center makes economic sense and is a necessary component of supporting working families and growing the local economy.” Bonnie Michelle Cannon, Executive Director, Bridgehampton Child Care & Recreational Center said, “The outpouring of love and generosity from our community and New York State has been amazing. We are so grateful that The Center’s dream of a new building is becoming a reality. The New York State grant award truly gave us the momentum that we needed to raise the additional funds to build. Special thanks to Assemblyman Fred Thiele and ESD’s Denise Zani who helped guide us through the process. Our children and families thank you. We are feeling blessed.” The Bridgehampton Child Care and Recreational Center will construct a $2.9 million, 7,828 square feet facility in the Village of Bridgehampton, expanding their childcare offerings and capacity to working families in the community. To assist with construction, the Long Island Regional Economic Development Council has awarded a Round VIII ESD Capital Grant in the amount of $300,000. Bridgehampton Child Care also was awarded a $25,000 grant from Long Island Community Foundation to develop a career training program that will provide higher-wage entry level jobs to participants upon completion and service the East End communities from Riverhead to Montauk. Construction is expected to be completed in the Fall of 2021.  LIREDC Co-Chairs Kevin Law, President of the Long Island Association and Stuart Rabinowitz, President of Hofstra University said, “One of the biggest challenges for families is often finding child care, and tackling this challenge is a one of our biggest priorities. This investment is part of finding long term solutions that help families overcome the barriers to finding childcare in their community that not only allows parents to work but gives them the peace of mind that their children will be nurtured and well cared for.” State Senator Kenneth P. LaValle said, “This is an exciting day for the Bridgehampton Child Care and Recreation Center and the community it serves. This Center will help meet a critical need for residents. I am pleased that the state is partnering with Bridgehampton Child Care Center in an effort to ensure quality child care, educational and recreational programs for local families,” Assemblymember Fred W. Thiele, Jr. said, "The Bridgehampton Child Care & Recreation Center has long been a beacon in our community, offering educational and enrichment programs to students and serving as a dedicated lifeline to working families on the East End. I was pleased to secure $125,000 in capital funding under the State and Municipal (SAM) Community Projects program in the 2018-19 State Budget for this essential construction project, which will be instrumental in The BCCRC's ability to expand their capacity to serve the families of the East End. I thank Empire State Development and the Long Island Regional Economic Development Council for recognizing the importance of this organization and awarding this Capital Grant to make this project possible. I look forward to the groundbreaking and the continued work of the BCCRC in our community." “For decades, the Bridgehampton Child Care & Recreational Center has been assisting families and helping children thrive with their wide array of programs and activities,” said County Executive Bellone. “This new facility will build on the center’s success and allow them to serve even more families in need. I want to thank Governor Cuomo for his continued investments to strengthen our communities, create new opportunities for Suffolk families, and help ensure prosperity for all.”  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 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, please visit www.regionalcouncils.ny.gov   and www.esd.ny.gov. Contact: Kristin Devoe | [email protected] | (518)-414-1087 ESD Press Office | [email protected] | (800) 260-7313 
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Report

Friday, October 23, 2020 - 5:44pm
The Empire State Jobs Retention Program was created to provide financial incentives to retain strategic businesses and jobs that are at risk of leaving the state due to the impact on business operations from a natural disaster. Below please find charts A & B of the quarterly program report detailing businesses admitted to the program and credits issued for the fourth quarter, ending 12/31/2019. Empire State Jobs Retention Program Quarterly Report - Chart A: Businesses Admitted To Program Empire State Jobs Retention Program Quarterly Report- Chart B: Credits Issued
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Report

Friday, October 23, 2020 - 5:35pm
The Excelsior Jobs Program provides job creation and investment incentives to firms in targeted industries in order to encourage businesses to expand in and relocate to New York while maintaining strict accountability standards to guarantee that businesses deliver on job and investment commitments. Below please find the quarterly program report for the fourth quarter of 2019, ending 12/31/2019. 12/31/2019: EXCELSIOR JOBS PROGRAM - Quarterly Report CHART A - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Admitted To Program CHART B - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2012  CHART C - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2013 CHART D - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2014  CHART E - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2015 CHART F - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2016 CHART G - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2017 CHART H - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2018
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Press Release

Friday, October 23, 2020 - 4:00pm
$4.9 Million in Incentives Awarded to Manufacturers Across the State Will Provide Faster and More Secure Access to Life-Saving Medical Products   Governor Andrew M. Cuomo today announced that eight additional Empire State companies have received support from New York to produce needed supplies to help combat the COVID-19 pandemic. While New York currently has some of the lowest transmission rates in the United States, preparing for a second wave is vital to protecting essential healthcare workers and the public. These grant funds will help alleviate product shortages due to supply chain issues that could lead to unfair pricing practices. These companies will also increase the State's manufacturing capacity while creating new jobs and market opportunities. To date, more than $16 million in grants have been awarded to 28 qualifying New York-based companies to retool their business lines and pivot to manufacturing vital supplies for ongoing response and recovery efforts.    "During the pandemic, the nation learned the hard lesson of not having adequate and readily available supplies made in the United States. As a result, we had to scramble for live-saving products that are mainly manufactured overseas," Governor Cuomo said. "New York is building back better and our plan to move forward includes investing in the infrastructure that will keep us prepared and support local companies." In March, Governor Cuomo asked companies with New York-based operations to retool production lines in order to manufacture approved COVID-19 critical supplies, such as ventilators, test kits and PPE, including N95 respirators, surgical masks, gowns and face shields. Governor Cuomo has already announced 20 companies for State investment to manufacture supplies to address COVID-19, eight of which were previously awarded $4 million to help make the products here in New York State.    "At a time when we were scouring the earth in search of personal protective equipment, New York State's manufacturers answered the call to support our COVID-19 frontline heroes," Lieutenant Governor Kathy Hochul said. "We are proud to support our innovative manufacturers who are stepping up to save lives and are a model for how we build back better for the post-pandemic future." Empire State Development Acting Commissioner and President & CEO-designate Eric Gertler said, "New York State is home to many of the world's most innovative companies. ESD's support for these businesses not only answers Governor Cuomo's call for New York industries to assist with efforts to fight the coronavirus, but also reflects the investment that is being made to strengthen the State's manufacturing sector to adapt quickly to new market opportunities and continue its record of smart growth as we build back better." Read the full press release here.
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Press Release

Thursday, October 22, 2020 - 5:31pm
This project will establish a co-working space, coffee shop, food hall, brewery, fresh foods market, teaching kitchen, & event space, with apartments on the upper floors Empire State Development (ESD) today announced the groundbreaking for The Academy in Poughkeepsie, Dutchess County. Located on Academy Street in the heart of the city's central business district. The Academy will house apartments, co-working space and commercial space to further the city and the region as a place to live, work and play that encourages young adults to establish roots in the community. ESD Acting Commissioner, and President and CEO-delegate Eric Gertler said, "New York State is committed to moving forward on projects that strengthen communities and support local economic development.  The Academy, with its modern mixed-use space and amenities for home owners and entrepreneurs alike, is a great example of how we are investing in the vibrancy of our state’s regions and city centers to build back better, smarter and more strategically.”  Baxter Building Corporation, the developers for this project, are investing more than $13 million to renovate the formerly underutilized commercial spaces at 31-35 Academy Street in the city’s central business district. This mixed-use development is uniquely positioned to be a vibrant hub of activity for the downtown neighborhood and the community. Featuring 28 apartment units, a grocery, food hall, restaurant, brewery, co-working and event space all under one roof, The Academy will serve as a cultural catalyst where the best of Hudson Valley products and produce will be newly accessible, attracting locals and visitors from attractions such as the nearby Walkway Over the Hudson. The co-working space will invite and house numerous small businesses, independent professionals, and entrepreneurs to help catalyze economic growth. The developers have committed to the creation of 65 new jobs as part of this project and construction is expected to be completed Summer 2021. Amanda Baxter, President of Baxter Building Corporation and owner of The Academy said, “The Academy goes far beyond just the food. The co-working space will pave the way for collaboration and growth for the region’s local and emerging businesses. Its affordable apartments will provide feasible rental options for our community, while the event space will host a plethora of community focused activities for the neighbors to partake in. “The Academy” will be a welcoming establishment, cultivating a place to create, to relish, and to gather.” Eric Baxter, Vice President of Baxter Building Corporation and owner of The Academy said, “The mixed-use development is uniquely positioned to be a vibrant hub of activity for the downtown neighborhood and the community. Featuring 28 affordable apartment units, a grocery, food hall, restaurant, brewery, co-working and event space all under one roof, The Academy will serve as a cultural catalyst where the best of Hudson Valley products and produce will be newly accessible and always enjoyable.” This project was identified as a priority project by the Mid-Hudson Regional Economic Development Council during Round VIII of the Regional Council process. Empire State Development has agreed to provide a capital grant of up to $1.1 million to support and encourage this key, lifestyle development project and the addition of 65 new jobs in Poughkeepsie. Mid-Hudson Regional Economic Development Council co-chair and SUNY New Paltz President Dr. Donald P. Christian said, "The Academy project showcases the best of what the Mid-Hudson has to offer in a place where people can live, work and learn. This project will energize Poughkeepsie’s business district and add to the city’s appeal for newcomers and residents alike.” State Senator Sue Serino said, “In a year that has been defined by challenges, this groundbreaking is a tremendous positive for our community. As we work to rebuild in the wake of the pandemic, it’s smart investments into projects like this that we know will create jobs and play a direct role in moving the City forward. Congratulations to everyone who worked tirelessly to make it happen and we cannot wait to see the Academy project get underway!” Dutchess County Executive Marc Molinaro said, “We look forward to the long-dormant corner of Academy Street again bustling with activity – providing local residents and visitors new housing, dining, work and entertainment options, continuing the City of Poughkeepsie’s renaissance. We thank Empire State Development for its support of this project, which reaffirms Dutchess County remains a robust community in which to live, work and raise a family, and we look forward to similar collaborations that provide employment opportunities while enhancing the quality of life for County residents.” “We are excited about this project, especially since it will create a unique community hub in the city,” said City of Poughkeepsie Mayor Rob Rolison. “Our goal is to have more people working and living in the city, and this development will help transform our central business district and build on some other excellent endeavors being undertaken to bring more vitality to that area. We are grateful for the investment the developers are making in this project, for the jobs that it will create, and for the state grant that also is a key component to bring this to fruition.” 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 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, please visit www.regionalcouncils.ny.gov   and www.esd.ny.gov. Contact: Kristin Devoe | [email protected] | (518)-414-1087 ESD Press Office | [email protected] | (800) 260-7313 
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Press Release

Wednesday, October 21, 2020 - 11:30am
The Fountains Phase One Offers 332 Affordable and Energy-Efficient Apartments for Families and Adults with Disabilities   Development Will Ultimately Include Over 1,100 Affordable Homes on State's Former Brooklyn Developmental Center Site  Governor Andrew M. Cuomo today announced completion of the initial phase of The Fountains in Brooklyn, a 6.7-acre mixed-use development complex that will ultimately offer 1,163 affordable homes. Together, the first two completed buildings of the project include 332 affordable apartments and supportive services for people with intellectual and developmental disabilities so they can live independently. The development is being constructed on the site of the State's former Brooklyn Developmental Center in East New York.    "We have made an unprecedented commitment to address the lack of affordable housing in every corner of New York, but especially in Brooklyn, where the financial hardship caused by the COVID-19 pandemic has been severe," Governor Cuomo said. "Our aggressive approach to building new developments like The Fountains will provide high-quality, energy-efficient homes and supportive services to those who need them most as we continue to come back from this crisis."  The Governor's commitment to providing all New Yorkers with access to safe, affordable housing is reflected in the State's unprecedented $20 billion, five-year Housing Plan. The plan makes housing accessible and combats homelessness by building or preserving more than 100,000 affordable homes and 6,000 with supportive services.  Designed to provide good quality, affordable homes to low-income households and those in need of supportive services, The Fountains is part of the Governor's overall strategy to revitalize communities and grow the economy. Since 2011, New York State Homes and Community Renewal has invested nearly $2.5 billion in Brooklyn that has created or preserved 11,800 affordable homes. Read the full press release here.
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Public Notice

Tuesday, October 20, 2020 - 5:30pm
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