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, January 17, 2018 - 2:40pm
Investment in Downtown Revitalization is Important Component of "Southern Tier Soaring" - The Region's Comprehensive Strategy to Revitalize Communities and Grow the Economy Governor Andrew M. Cuomo today announced that the City of Elmira has broken ground on the centerpiece project of its Downtown Revitalization Initiative effort. Developer Park Grove Realty will construct a 65,000 square-foot, mixed-use development at 100 West Water Street downtown. The $14 million project will include commercial and retail space and will feature 50 units of market-rate housing units as well. The developer also announced today that Labella Associates, an architecture, environmental consulting and planning firm has committed to be a tenant in the new building and will bring up to 40 employees to the new location. A planned brew pub will also occupy approximately 4,000 square-feet space once the building has been completed. The project is expected to be completed in January of 2019. "Investments in our downtowns help transform them into economic engines for their regions, and with this exciting project in downtown Elmira, we are continuing this great progress," Governor Cuomo said. "These projects will help ensure that the Southern Tier continues to soar by transforming this community and laying the foundation for future growth and development across the entire region." Read the full press release here. 
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Public Notice

Wednesday, January 17, 2018 - 2:30pm
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Blog Post

Wednesday, January 17, 2018 - 10:28am
Guha and Karthik Bala, renowned video game developers who ran a billion-dollar company in the Albany suburb of Menands for two decades, could have gone just about anywhere to launch their next startup. But for this seasoned duo, their home base of Troy—a growing high-technology hub in the heart of the Capital Region, coupled with New York State’s improving business climate — was the only place that made sense. The Bala brothers co-founded their first startup, Vicarious Visions, some 20 years ago while both were still in high school. Their company, which they grew while students at Rensselaer Polytechnic Institute (RPI) and sold to game publishing giant Activision in 2005, went on to develop hundreds of popular video games, including many iterations of the popular “Guitar Hero” franchise. With 200 employees and some $2.5 billion in retail sales, the company is still going strong at its headquarters just north of Albany.  
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Report

Tuesday, January 16, 2018 - 5:17pm
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 12/31/2017. 12/31/2017: 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
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Report

Tuesday, January 16, 2018 - 5:08pm
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 for 12/31/2017 of businesses admitted to the program and credits issued.  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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Public Notice

Tuesday, January 16, 2018 - 1:00pm
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Press Release

Friday, January 12, 2018 - 3:00pm
Governor Andrew M. Cuomo today announced the winners of the state's first I LOVE NEW YORK @Tribeca Student Film Competition, representing New York's 11 Tourism Regions. Each finalist received a stipend to create the short one-to-three-minute film focusing on a specific vacation region across the state. "Tourism is the lifeblood of New York and the films created by these talented student filmmakers will help us promote some of our favorite statewide destinations," Governor Cuomo said. "This contest continues New York's support for film and television production statewide, and I congratulate the winners and all participants." First introduced at the New York State Tourism and Craft Beverage Summit, the I LOVE NEW YORK @Tribeca Student Film Competition invited film students from across the state to submit ideas for a short film featuring one of New York's eleven vacation regions. More than 50 applications were received, each with a creative treatment describing the filmmaker's vision. Read the full press release here. 
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Public Notice

Friday, January 12, 2018 - 3:00pm
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Public Notice

Friday, January 12, 2018 - 2:00pm
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Public Notice

Friday, January 12, 2018 - 10:00am
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