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

Wednesday, March 16, 2022 - 4:29pm
Multi-Agency Effort to Enroll Eligible Low-Income Families a Major Success  Newly Participating New York Families Will Receive Nearly $36 Million in Federal Subsidies Governor Kathy Hochul today announced more than 100,000 additional qualifying families have enrolled in the federal government’s Affordable Connectivity Program since New York launched a multi-agency broadband outreach initiative to spur enrollment. The federal program provides discounts of up to $30 a month toward internet service for eligible low-income families. “The past two years have reminded us how crucial reliable and affordable broadband is, so we can stay connected to family, work, school and healthcare services,” Governor Hochul said. “I am proud of the collaboration of our state agencies and our partnership with the federal government to bring broadband across the state, and am committed to continuing these efforts to connect all New Yorkers.”  As a direct result of a multi-agency, multi-pronged outreach effort led by the New York State Department of Public Service (DPS), the state continues to increase the number of eligible enrollees daily. With over 715,000 households receiving the monthly subsidy as of March 14, 2022, New York leads among the four largest states with nearly 40 percent enrollment. The campaign, which launched in early January, started with less than 30 percent of eligible households enrolled. The eligible families that have just joined will receive approximately $36 million, bringing the total annual subsidies to more than $250 million. Read the full press release.
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Press Release

Wednesday, March 16, 2022 - 4:27pm
Company Will Construct a 45,000 Square-Foot Yogurt and Dairy Desserts Manufacturing Plant at Genesee Valley Agri-Business Park in Batavia; Commits to Creating up to 135 New Jobs NYS Investment Complements “Finger Lakes Forward” – The Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy Photos of La Fermière’s Parcel at AG Park Available here. Governor Kathy Hochul today announced that La Fermière, a family-owned French yogurt and desserts company, will establish its U.S. production operations in New York State. The company has committed to constructing a 45,000 square-foot yogurt and dairy desserts production facility at Genesee Valley Agri-Business Park in Batavia, with plans for future, additional expansion. As a result, La Fermière, expects to create up to 135 New Jobs in the region. Additionally, the company will utilize millions of pounds of milk provided by New York dairy farmers to create its globally renowned dairy products. Agribusiness is a core pillar of the locally designed Finger Lakes Forward plan, a comprehensive plan that is working to revitalize and grow the regional economy. "We’re proud to welcome La Fermière to Genesee County, bringing jobs and opportunity to the Finger Lakes region,” Governor Hochul said. “This investment shows that our bold economic recovery plan for the Finger Lakes is working, attracting new businesses and helping communities across the region grow and thrive." Empire State Development is assisting this project with up to $1.35 million​ in performance-based Excelsior Jobs Tax Credits in exchange for job creation commitments. Genesee County, Greater Rochester Enterprise, and Invest Buffalo Niagara are providing support for the company’s growth in New York State. The total project cost has been placed at $25.8 million dollars. The company expects to be operational at the site by November of 2023. Located in the Town of Batavia, Genesee County, the Genesee Valley Agri-Business Park was developed as the largest food and beverage greenfield in the northeastern U.S. to connect the region’s agricultural production, talent and transportation networks. The 250-acre Ag Park and surrounding area has become the Dairy Processing Hub of the Northeast, with more than 1 million square-feet of operations and approximately 1,000 workers employed across multiple production and supply chain companies. Founded in Marseille, France in 1952, the company was purchased by Groupe Tarpinian in 2002. In the mid to late 2010’s, La Fermière began working with a New York state based co-packer in an effort to bring its sustainably packaged French yogurt to the U.S. market. The company had considered site locations throughout the country for its state-of-the-art manufacturing facility but selected New York, thanks to the focused support from both the State and its regional economic development partners.  Read the full press release here.
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Public Notice

Tuesday, March 15, 2022 - 2:00pm
View all grants to be presented at the batch virtual public hearing
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Board Meeting

Tuesday, March 15, 2022 - 10:30am
In accordance with recently passed Legislation, this meeting will be conducted via teleconference. The public may listen to the meeting via webcast (audio) by clicking the link below on (or after) March 15, 2022 at 10:30 am. Members of the public may submit comments on the Agenda items in writing by 4:00 pm on Monday, March 14, 2022 to: [email protected]​  All comments received by the deadline will be distributed to the Directors prior to the meeting and posted online. The Agenda and the material will be posted in advance of the meeting on LMDC’s website www.renewnyc.com.
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Board Meeting

Monday, March 14, 2022 - 10:30am
This meeting has been postponed.
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Press Release

Wednesday, March 9, 2022 - 3:00pm
Project Complements Efforts to Revitalize New York State's Tourism Industry New York State Providing $6.5 Million to Accelerate Completion and Support Major Expansion of Public Space Expanded Public Space to Host Free Community-Based Public Programming Renderings Available Here Governor Kathy Hochul today joined Lincoln Center leadership to announce that the $550 million renovation of Lincoln Center for the Performing Arts' new David Geffen Hall will be completed in October 2022, two years ahead of schedule. The hall is being reimagined from the inside out with expanded access to public space for the community, supported by a $6.5 million grant from Empire State Development. The project will transform the storied concert hall and home of the renowned New York Philharmonic into a world-class venue and destination that will further support New York City's post-pandemic economic recovery.  "Lincoln Center is a central piece of New York's cultural heart and the new David Geffen Hall, complete with expanded public and community spaces, will make that heart beat even stronger," Governor Hochul said. "New York's comeback is just getting started and this project is a crucial part of that comeback, creating jobs and giving New Yorkers and visitors from across the globe the opportunity to experience world-class entertainment in a state-of-the-art venue. I look forward to seeing this magnificent facility introduce the next generation to the joy of the arts." Empire State Development is providing up to $6.5 million to accelerate the transformation of David Geffen Hall, including approximately 21,000 square feet of renovated and expanded public space in and around the hall. Through this project, Lincoln Center has committed to creating 114 new full-time jobs. Additionally, the iconic venue plans to host new community-based public programming in the public space and launch a diversity and arts job training program that will provide paid fellowships to support the community-based programming.   Read the full press release here.
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Press Release

Tuesday, March 8, 2022 - 3:35pm
Company Has Committed to Create More than 1,600 New Green Jobs at Slingerlands Facility New 350,000 Square Foot Plant Will Expand Company’s Line of GenDrive Hydrogen Fuel Cell Systems Governor Kathy Hochul today announced the groundbreaking for Plug Power’s newest manufacturing facility, located at the Vista Technology Campus in Slingerlands, Albany County. The company has committed to creating 1,633 new jobs at its latest Capital Region location, complementing New York State's push toward clean, renewable and sustainable energy. The new location supports the company's efforts to significantly expand its line of GenDrive fuel cell systems, which are used to power electric motors in the electric mobility market. “My administration is committed to the aggressive pursuit of economic development opportunities that align with our nation-leading clean energy goals,” Governor Hochul said. “Our transition to clean energy won’t just help us respond to climate change and lower utility costs, it will supercharge our economic recovery and create good jobs. We are grateful to have Plug Power as a partner in our mission to become the nation’s hub for green energy development.” This $55 million investment to construct, outfit and equip Plug Power’s new 350,000 square foot plant will be used for expanding production, warehousing and servicing, of the GenDrive line, which offers drop-in fuel cell solutions for existing electric truck fleets. Additionally, the company has committed to creating 1,633 new jobs, and retaining another 701 jobs in Albany County, to support its new green energy production needs. Empire State Development (ESD) has agreed to provide up to $45 million in performance-based Green Excelsior Jobs Tax Credits to encourage the creation and retention of green jobs. In addition, the New York Power Authority (NYPA) Board of Trustees will review a power allocation award from NYPA’s low-cost ReCharge NY power program at its public meeting later this month.  CEO of Plug Power Andy Marsh said, “Plug Power is proud to further expand its green hydrogen network with our new manufacturing plant located in New York State’s Albany County, where we were founded 25 years ago. We are grateful that our home state of New York is leading the way on clean, renewable and sustainable energy initiatives, and that Plug Power’s green hydrogen solutions can play such an important role in the state’s comprehensive decarbonization strategy. I’d like to thank our elected officials and partners, including Governor Hochul, U.S. Senate Majority Leader Charles Schumer, Congressman Paul Tonko, Empire State Development, NYPA and Albany County, for their support in helping us grow our presence in New York and create more than 1,600 new green jobs at our latest Capital Region location.” Empire State Development Acting Commissioner and President and CEO-designate Hope Knight said, "New York State is committed to a renewable future and green energy is vital to that goal. We are proud of Plug Power’s expansion and commitment to not only creating top-quality green jobs across the state, but their continued commitment to the Empire State as we continue to foster a green economy and build a better New York State for future generations.” Read the full press release here.
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Press Release

Monday, March 7, 2022 - 3:00pm
Projects Would be Funded by Governor’s $216 Billion Budget Proposal Awaiting Approval by the New York State Legislature  Investments Will Support Inner Loop North, Seneca Park Zoo and Frontier Field Improvements   Previously Announced ROC The Riverway Phase 2 to Continue Rochester Waterfront Revitalization    Additional High Falls State Park Renderings are Available Here NYS Investments Complement “Finger Lakes Forward” - The Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy  Governor Kathy Hochul today outlined $172.5 million in new state investment for several transformative projects in the Finger Lakes region be funded by her $216 billion FY2023 budget proposal. The Governor will commit $100 million from the New York State Department of Transportation's five-year capital plan toward the Inner Loop North project to complete the infill of the sunken highway that has cut off downtown Rochester from its surrounding neighborhoods. Monroe County’s Seneca Park Zoo has been undergoing a major overhaul, and an additional $42.5 million would be used to finish implementing visitor experience enhancements at the area’s second biggest tourist attraction. An additional $10 million for a total of $12.5 million from the State would be used to support needed upgrades to Frontier Field in Rochester, home to the Triple-A Rochester Red Wings, to ensure the stadium will meet required Major League Baseball standards. The Governor outlined her vision today at an event held at Monroe Community College’s downtown campus in Rochester.    “My administration is laser focused on supporting economic development initiatives that will reinforce our efforts to create a new era of prosperity for all New Yorkers as we continue to recover from the COVID-19 pandemic,” Governor Hochul said. “It's time for a better, fairer, and more inclusive version of the American Dream — the New York dream. Our focused investments in these transformative projects in the Finger Lakes will serve to promote greater inclusivity for everyone in the community, further bolster regional tourism efforts and improve the overall quality of life for generations to come. Read the full press release here.
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Press Release

Monday, March 7, 2022 - 12:01pm
Not-For-Profit Café and Roastery Will Provide Training and Jobs to Residents in the Broadway/Fillmore Community Funding Comes from Buffalo’s East Side Corridor Economic Development Fund Empire State Development (ESD) today announced the grand opening of the Three Stories Coffee Co. at 1021 Broadway on the East Side of Buffalo. The small batch coffee roastery is a not-for-profit extension of 716 Ministries, which empowers individuals and transforms neighborhoods through job training. The coffee shop and café is located in a building that was renovated with the support of a $525,000 grant from New York State’s East Side Corridor Economic Development Fund. “Governor Hochul is working hard to guarantee that every Buffalo neighborhood shares in the city’s economic recovery,” said Empire State Development Acting Commissioner and President & CEO- designate Hope Knight. “By allocating state resources that lead to local training and jobs, we are helping to build a better, stronger future for all Buffalo residents.” Three Stories Coffee Co. is known for its passion for great coffee and intentional economics. Its name comes from the three pillars of the business: direct trade, locally roasted, and not-for-profit. The company is committed to being mindful with every step of its supply chain while also providing equitable wages, caring for the environment and investing in service to the community. Jeremy Hazelton, Executive Director of 716 Ministries said of Three Stories Coffee, “Three Stories represents the latest social enterprise of 716 Ministries, where each business that we start is about redefining the bottom line—creating access to programs and services that make a real difference in the communities we serve. We don’t hire people to sell coffee, we sell coffee to hire people.” A half-dozen employees of the coffee company are receiving hands-on experience in 716 Ministries’ customer service certification program. A variety of high-quality coffee, tea, and smoothie options, as well as breakfast and lunch items, are being served. Three Stories is open Monday through Sunday from 8 a.m. to 2:30 p.m. Herm Cooks, Three Stories Coffee Co. General Manager said, “Our staff reflects the wide variety of cultures found in the neighborhood. The entire team is proud to be serving the community delicious food in a café that is both warm and welcoming.” Three Stories Coffee is reinvesting 100% of the proceeds from the café to create opportunities through workforce development, community investment, and employment, all in an effort to support some of the region’s most vulnerable residents.  More information about Three Stories Coffee can be found at https://threestoriescoffee.com/. The cafe is located next to the Broadway Market at 1021 Broadway, a five-story building that houses a full-service health and wellness hub designed to help lift Buffalo’s East Side. More than 100 people work in the building overall, which includes multiple social service agencies, a pharmacy, a medically oriented gym and a dental clinic. There are also shared workspaces and conference rooms, a community kitchen, and new computers. Mosaic 659 Foundation renovated 3,250 square feet of commercial space on the first floor of the building, which now includes retail, restrooms, storage space, and elevator upgrades. Mosaic’s project received a $525,000 grant from the State’s East Side Corridor Economic Development Fund. In March 2019, New York State announced the $50 million East Side Corridor Economic Development Fund, an initiative to spark revitalization of Buffalo’s East Side through investments in the four main north-south commercial corridors: Michigan, Jefferson, Fillmore and Bailey avenues. Funding will help revive traditional main streets and commercial corridors through the preservation of historic buildings, funding of capital improvements in neighborhood assets, expansion of commercial opportunities, improvements to infrastructure, as well as the promotion of mixed-use private investment in these neighborhoods. The funding is designed to empower community residents to improve their businesses and neighborhoods, making it a ground up revitalization effort led by and directly benefiting the community. The fund compliments previous investments on the East Side, including $10 million for the Neighborhood Stabilization Initiative and $5 million for the Buffalo Central Terminal, for a total of $65 million in investments since 2017. Senator Tim Kennedy said, “Three Stories Coffee Co. is not only investing in our city; they're investing in the people who call it home. As New York continues to fuel small businesses through the East Side Corridor Economic Development Fund, I'm thrilled to see Three Stories Coffee open its doors and offer a thoughtful, empowering approach to growing both our economy and our workforce.” Assembly Majority Leader Crystal Peoples-Stokes said, “The grand opening of Three Stories Coffee Co. located in Buffalo’s Eastside is a great use of the Empire State Development resources to help revitalize our community and strengthen our workforce. I applaud Governor Kathy Hochul, 716 Ministries, and all the other community stakeholders, whose leadership contributed to making this project a reality.” Erie County Executive Mark Poloncarz said, “The opening of the Three Stories Coffee Company is good news for the neighborhood and further proof of how new business and new economic life is percolating in the Broadway Fillmore area. Investments such as these grow career opportunities and help individuals on paths to future success while also invigorating the neighborhood.” City of Buffalo Mayor Byron W. Brown said, “I congratulate 716 Ministries on the launch of this innovative coffee business that not only adds to the retail mix of one of Buffalo’s oldest business corridors, but also includes a job training component. The adaptive reuse of 1021 Broadway, which is now home to several medical and human services organizations, and now 3 Stories Coffee, is a great model for what we hope to see as my Administration works with Empire State Development on the $10 million initiative which will breathe new life into the Broadway Market and the surrounding neighborhoods.” 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 the New York State 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: Pamm Lent | [email protected] | (716) 846-8309 Laura Magee | [email protected] | (716) 846-8239
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Press Release

Friday, March 4, 2022 - 5:10pm
Olympic Avenue Apartments Will Transform Vacant Historic Public School 78 into 46 Affordable Homes and Community Space  Environmentally Conscious Features Include Energy-Saving Heating and Cooling Systems and Green Roof; Free Building-Wide WiFi Will Bridge the Digital Divide  Rendering Available Here Governor Kathy Hochul today announced that substantial rehabilitation work has begun at Buffalo's former Public School 78 to transform the vacant building into 46 affordable apartments and space for community programs and services. The $19 million Olympic Avenue Apartments will be highly energy-efficient and will offer residents free WiFi and technical support as part of the State's efforts to close the digital divide.  "We will continue to confront the housing crisis with projects like this that build high-quality affordable housing, improve the lives of residents, and strengthen neighborhoods," Governor Hochul said. "Our investments in the sustainable redevelopment of vacant and underutilized historic buildings across the state continue to compliment well-planned revitalization and growth in cities like Buffalo. All New Yorkers deserve to live in healthy, affordable, and vibrant communities, and we will continue to take bold action to tackle the housing crisis and make the Empire State a more affordable place for all." Olympic Avenue Apartments is part of Governor Hochul's sweeping plans to make housing more affordable, equitable, and stable. This year, the State is poised to reach the goal under its current Housing Plan of creating and preserving 100,000 affordable homes and has already exceeded the goal of creating 6,000 units with support services. Governor Hochul is building on this successful effort with a proposal for a new $25 billion, five-year Housing Plan that will create and preserve an additional 100,000 affordable homes across New York including 10,000 with support services.  Read the full press release here.
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