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, October 24, 2018 - 1:24pm
Empire State Development (ESD) today announced that Studco Building Systems plans to grow its North American operations in the Town of Webster, Monroe County. The sheet metal manufacturer will double the size of its current facility, adding an additional 56,000 square-feet to its existing structure in an effort to increase production of the company’s steel stud framing components in an effort to better meet the needs of its customers. The expansion project is expected to create up to 18 new jobs in the region over the next five years; 62 jobs will be retained. Investing in successful companies supports the strategy of the Finger Lakes Forward initiative which is working to revitalize communities by supporting the regional economy. Empire State Development President, CEO & Commissioner Howard Zemsky said, “Studco Building Systems’ decision to expand in Monroe County reflects the success of our strategic support for growing and revitalizing the Upstate economy, adding jobs and opportunity.”  Empire State Development is providing up to $200,000 through the Excelsior Jobs Tax Credit Program in exchange for job creation commitments. The nearly $4 million project is expected to be completed in late 2019.  Ben Stevens, Studco Building Systems President & Global Managing Director said, “The support of the State is encouraging manufactures like ourselves to stay in New York. Studco is the only New York manufacturer of Steel Stud and prides itself on its patented innovative building solutions for the North American market.” Founded in Australia more than 40 years ago, the company manufactured T-bar ceiling systems under the brand name, Duraclamp®, cementing itself in the Australian market as a leader for state-of-the-art ceiling systems. In 1986, Duraclamp was sold to United States Gypsum, (USG) eventually evolving into Studco Building Systems®. The company established its North American headquarters in Webster at Boulter Industrial Park in 2005 to ensure better access to clients in both the United States and Canada. The innovative company continues to expand globally serving clients in Australia, New Zealand, the United Kingdom, European and Middle Eastern markets. Assembly Majority Leader Joseph D. Morelle said, “Studco’s continued success and expansion is great news for our economy and further demonstrates that our community is a truly exciting place for the businesses of today and the future to locate, grow, and thrive. Most exciting is that this expansion means new jobs and good wages that will further strengthen families across Monroe County.” State Senator Pamela Helming said, “The expansion of Studco Building Systems’ manufacturing facility in Webster is an exciting endeavor not only because it will create and retain jobs but also because it shows that manufacturers can grow and thrive in our region. I recently had the privilege of visiting Studco’s North American headquarters with representatives of the Workforce Development Institute and seeing the area where the company will double the size of its current building. It is an impressive site, and I applaud Gordon Ben Stevens and their team for continuing to build upon the company’s success and for supporting our community. As State Senator, I will keep working to ensure that manufacturers such as Studco can do business and grow jobs in our region and in our state.”  State Assemblyman Mark Johns said, “It is wonderful news for the region that Sutdco Building Systems has decided to expand its operations in Webster. I am very grateful to Empire State Development for supporting this project. Because of that assistance, this successful international company has committed to creating top quality jobs which will help the regional economy continue to grow.” For more information about Studco Building Systems, 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 | Shari.Voorhees-Vincent@esd.ny.gov | (585) 399-7055 Press Office | pressoffice@esd.ny.gov | (800) 260-7313   
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Report

Wednesday, October 24, 2018 - 12:08pm
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 second quarter of 2018, ending 6/30/2018. 6/30/2018: 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
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Report

Wednesday, October 24, 2018 - 11:48am
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 second quarter, ending 6/30/2018. 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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Press Release

Monday, October 22, 2018 - 4:45pm
Presentations will be streamed live online at www.regionalcouncils.ny.gov Empire State Development today announced the schedule for this year’s Regional Economic Development Council presentations to the Strategic Implementation Assessment Team, which is led by Secretary of State Rossana Rosado and composed of state officials. Empire State Development President, CEO & Commissioner Howard Zemsky said, “The SIAT presentations give regions an opportunity to make their best pitches for support of their strategies and the priority projects in their communities that reflect a shared commitment to shaping a thriving and sustainable New York State economy.” The schedule follows: Tuesday, October 23 Location: Mohawk Valley Community College, Rome Campus 1101 Floyd Ave Rome, NY 13440 Regions Presenting: 9 a.m. - Mohawk Valley 10:30 a.m. - North Country 1 p.m. - Capital Region 2:30 p.m. - Central NY Friday, October 26 Location: NYPA Building, Jaguar Room 123 Main Street White Plains, NY 10601 Regions Presenting: 9 a.m. - Mid-Hudson 10:30 a.m. - Long Island 1 p.m. - New York City Friday, November 2 Location: Monroe Community College, Brighton Campus 1000 East Henrietta Road Rochester, NY 14623 Regions Presenting: 9 a.m. - Finger Lakes 10:30 a.m. - Western NY 1 p.m. - Southern Tier  Representatives from each region will provide an in-person presentation to the SIAT, including updates on their strategic plan goals, progress achieved on priorities and projects funded in previous rounds, and outlines of their round VI strategies. The presentations will be followed by questions from the review team. The SIAT team includes Rossana Rosado, Secretary of State, NYS Department of State (DOS); RoAnn Destito, Commissioner, New York State Office of General Services (OGS); Matt Driscoll, Acting Executive Director, NYS Thruway Authority; Roberta Reardon, Commissioner, Department of Labor (DOL); Sabrina Ty, President and CEO, New York State Environmental Facilities Corporation (EFC); RuthAnne Visnauskas, Commissioner, NYS Homes and Community Renewal; Richard Ball, Commissioner, NYS Department of Agriculture and Markets; and Brian Stratton, Director, NYS Canal Corporation. Round VIII of the REDC initiative will award more than $750 million in state funding and tax incentives, including up to $150 million in capital grants and up to $75 million in Excelsior Tax Credits for projects and activities identified by the Councils as regional priorities in their communities. Additionally, over $525 million from state agency programs will be awarded through the CFA process.  Funding awards will be announced by the end of the year. The REDC process has transformed New York State government’s approach economic development, creating a statewide framework for bottom-up, regional economic growth and streamlining the state funding application process.  Since 2011, the first year of the initiative, over $5.4 billion has been awarded to more than 6,300 projects that are projected to create and retain more than 220,000 jobs statewide. 2018 REDC Competition In 2018, all 10 REDCs will be competing for a designation as a Top Performer. Five Top Performers will be selected and will receive up to $20 million in Empire State Development Capital Grant funding, with the remaining five regions receiving up to $10 million in Empire State Development Capital Grant funding.  Each region will also receive $10 million to implement projects identified through the Downtown Revitalization Initiative, and projects from all 10 regions submitted through the CFA will be eligible for over $525 million in other state agency funds. About the Consolidated Funding Application As part of Governor Cuomo’s efforts to improve the state’s economic development model, a NYS Consolidated Funding Application (CFA) was created to streamline and expedite the grant application process. The CFA process marks a fundamental shift in the way state resources are allocated, ensuring less bureaucracy and greater efficiency to fulfill local economic development needs. The CFA serves as the single entry point for access to economic development funding, ensuring applicants no longer have to slowly navigate multiple agencies and sources without any mechanism for coordination. Now, economic development projects use the CFA as a support mechanism to access multiple state funding sources through one application, making the process quicker, easier, and more productive. To access the CFA, please visit https://apps.cio.ny.gov/apps/cfa/. About the Regional Economic Development Councils The Regional Economic Development Council (REDC) initiative is a key component of Governor Cuomo's approach to State investment and economic development. In 2011, Governor Cuomo established 10 Regional Councils to develop long-term strategic plans for economic growth for their regions. The Councils are public-private partnerships made up of local experts and stakeholders from business, academia, local government, and non-governmental organizations. The Regional Councils have redefined the way New York invests in jobs and economic growth by putting in place a community-based, bottom up approach and establishing a competitive process for State resources.  After seven rounds of the REDC process, over $5.4 billion has been awarded to job creation and community development projects consistent with each region’s strategic plans, projecting to create and retain more than 220,000 jobs. For more information on the Regional Councils, visitwww.regionalcouncils.ny.gov.   Contact: ESD Press Office | PressOffice@esd.ny.gov | (800) 260-7313
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Press Release

Friday, October 19, 2018 - 2:30pm
Governor Andrew M. Cuomo today announced the Frank Lloyd Wright-designed Graycliff Estate on the shore of Lake Erie has been restored to its original splendor with the completion of a year-long extensive restoration project. The $4,047,000 project, which was supported by $3.7 million in Buffalo Billion II funding, includes complete interior restoration of both the Isabelle Martin House and the Foster House, landscaping improvements and a reconstructed beach access. The interior restoration of this New York State Landmark project builds on the $6 million exterior renovations previously completed by the Graycliff Conservancy. "The spectacular Frank Lloyd Wright properties are an important part of New York's rich heritage and scenic beauty, and is a key destination in Western New York," said Governor Cuomo. "This historic restoration project will draw visitors from across the state and around the globe, while contributing to New York's thriving tourism industry for years to come." "Graycliff is an important part of our architectural history. As a long time visitor to this magnificent property, I witnessed the stunning renovations that capture it's original beauty," said Lieutenant Governor Kathy Hochul. "Thanks to investment from New York State, along with many individuals and charitable foundations, this masterpiece by Frank Lloyd Wright has been restored and preserved for the future. The new Graycliff will complement the restoration of Buffalo's Darwin Martin House and Barton House, creating an unparalleled tourism draw for the region. This project builds upon our efforts to reinvent the economy of Buffalo and Western New York and create unique destinations to drive further growth."  Read the full press release here. 
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Report

Thursday, October 18, 2018 - 1:38pm
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 first quarter, ending 3/31/2018. 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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Press Release

Thursday, October 18, 2018 - 11:42am
Empire State Development (ESD) today announced an investment of up to $1.7 million in ENB Therapeutics, a biotechnology company developing therapeutics to reverse resistance to cancer immunotherapy. The investment comes from New York Ventures, ESD’s venture capital arm. ENB Therapeutics is a New York City-based MWBE firm. The investment will assist the company with funding its operations over the next 24 to 36 months. Empire State Development President, CEO and Commissioner Howard Zemsky said, “This New York Ventures investment in ENB Therapeutics will further the work of a company combatting cancer and advance ESD’s commitment to helping minority and women-owned businesses throughout the state succeed.” Sumayah Jamal, Founder, President and Chief Scientific Officer of ENB Therapeutics said, “We are very grateful for the support of New York Ventures as one of our Series A investors and for their commitment to supporting MWBE firms such as ours. This support will help us to develop our lead product, ENB-003, to overcome resistance to immunotherapy across multiple tumor types and indications. We have already demonstrated robust pre-clinical efficacy in relevant mouse models across multiple resistant cancers and a favorable safety profile. We now have the capital necessary to advance ENB-003 into Phase 1 clinical trials during the second half of 2019.” Cancer immunotherapy boosts the natural capacity of immune cells to fight cancer and has shown long-lasting responses in some cancers. However, approximately 60 percent of patients treated with immunotherapy fail to respond to treatment and are left with few other therapeutic options. ENB’s drug solutions can help to unlock the full therapeutic potential of cancer immunotherapy by enabling key immune cells to infiltrate and attack tumors, eradicating tumor cells and prolonging patient survival. The investment will be disbursed through the New York State Innovation Venture Capital Fund (NYSIVCF). About New York Ventures New York Ventures is the venture capital investment arm of Empire State Development, New York State’s chief economic development agency. New York Ventures meets the critical capital needs of the state’s innovation economy by providing funding to high-growth startups as they move from concept to commercialization, through early growth and expansion. More information is available here.   Contact: Adam Kilduff | adam.kilduff@esd.ny.gov | (212) 803-3744 ESD Press Office | pressoffice@esd.ny.gov | (800) 260-7313
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Board Meeting

Thursday, October 18, 2018 - 9:30am
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Press Release

Wednesday, October 17, 2018 - 4:00pm
Governor Andrew M. Cuomo today announced the Syracuse Mets are committing to sign a lease extension to call Syracuse home for at least 25 years. New York State is committing $12.5 million to Onondaga County's major renovation project at NBT Bank Stadium in Syracuse, in preparation for the arrival of the Mets' minor league franchise in 2019. The $26.25 million project will result in an improved experience for dedicated baseball fans and visitors while ensuring the Mets' farm-team will stay in Syracuse until at least 2043. The Governor also announced the team has been renamed and will now be known as the "Syracuse Mets." "Baseball has been ingrained in Syracuse's history for more than 80 years, and this critically important investment will ensure that it remains an 'amazin' part of this community's future for decades to come," Governor Cuomo said. "By renovating this stadium, we are going to attract new and old fans alike, generate economic activity and increase tourism across the region and help foster the next generation of baseball greats." Last November, Governor Cuomo announced an agreement had been reached for the New York Mets to purchase the franchise rights to the Syracuse Chiefs, a Triple-A minor league baseball franchise, for approximately $18 million. The deal ensured that the team would continue to play at NBT Bank Stadium through at least 2025. Read the full press release here. 
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Press Release

Wednesday, October 17, 2018 - 11:50am
Investment Complements "Central NY Rising" - The Region's Comprehensive Strategy to Revitalize Communities and Grow the Economy Governor Andrew M. Cuomo today announced that plastics product manufacturer Dutchland Plastics has expanded its operations into the Village of Canastota, Madison County. The company today officially opened its new, 50,000 square-foot facility on Barlow Street. The expansion will facilitate the creation of at least 42 new full-time jobs over the next two years; 23 positions will be retained. Dutchland Plastics, the country's leading contract manufacturer of custom rotationally molded or "rotomolded" plastics products, had considered moving its operations in Central New York out of state but elected to stay in New York due to provided incentives. "Dutchland Plastics has a long history in Central New York and this investment and expansion proves the company's continued commitment to the area," Governor Cuomo said. "The new, well-paying jobs that will be created over the next few years will contribute to the region's continued economic growth as Central New York continues to rise." "The canal community of Canastota has a rich history, and New York State is investing to ensure progress for a prosperous future," said Lieutenant Governor Kathy Hochul. "Dutchland Plastics' decision to expand with a new facility in the village will create additional job opportunities and spur economic growth in the area. The Central New York region is rising with state investments to help companies like Dutchland Plastics grow and to continue to attract new businesses and visitors to the area." Read the full press release here. 
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