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

Monday, May 13, 2019 - 1:56pm
Participants Can Submit Their Ideas Through June 28 at 3 p.m. Here Governor Andrew M. Cuomo today announced that the submission period for the Buffalo Skyway Corridor Competition is now open. The competition challenges individuals or teams representing the nation's top urban designers, economists, planners, and architects to reimagine the corridor, help define a clear vision for the City of Buffalo's waterfront, inform the direction for investment in placemaking and deliver economic development opportunities. After reviewing the Request for Submissions, participants can submit ideas here. "Buffalo is one of the great urban success stories in this country, and it's been a remarkable turnaround," Governor Cuomo said. "We want to continue that momentum, and the Buffalo waterfront has always been one of the great assets as the potential for growth opportunities. We have realized it through Canalside and we want to do more. So we are asking the best minds in the country - planners, designers, community groups - to give us ideas to revitalize the Skyway. The request for submissions will go out today and I think it will elicit a number of proposals, and there will be a community participation process, and then we will pick a winner." "Like so many who grew up in Western New York, I've seen the remarkable transformation of Buffalo's waterfront which for so long seemed like an impossible achievement," said Lieutenant Governor Kathy Hochul. "With more visitors making their way to Canalside and the Outer Harbor, Buffalo needs to reimagine the skyway for the future. This competition will harness new ideas for the transportation needs of today and tomorrow. I look forward to seeing bold and creative possibilities for a new vision for our waterfront." Participants will be challenged to share solutions that could be implemented with a degree of affordability, feasibility and technical achievability, particularly with regard to accommodating anticipated traffic. The winning design proposal will be awarded a $100,000 prize, second place will be awarded $50,000 and third place will be awarded $25,000. Read the complete press release here.
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Press Release

Monday, May 13, 2019 - 1:28pm
Investment Complements “Finger Lakes Forward” – The Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy Empire State Development (ESD) today announced that REDCOM Laboratories Inc., will grow its operations in the Town of Victor, Ontario County. The company, which specializes in the design, manufacturing, and assembly of circuit boards for secure communication solutions for commercial, military and government applications, is updating its facility to meet customer demand. As a result of the company’s growth, REDCOM Laboratories Inc. is planning to create up to 21 new jobs at the Victor facility over the next five years; 140 jobs will be retained. ESD will facilitate that growth with up to $300,000 through the Excelsior Jobs Tax Credit Program in exchange for promised job creation. Also providing assistance for the project are the Ontario County Economic Development Corporation (OCEDC) and Greater Rochester Enterprise. Empire State Development President, CEO and Commissioner Howard Zemsky said, “New York State’s strategic investments in workforce and innovation are reflected in REDCOM Laboratories’ plans to expand in the Finger Lakes where this family-owned communications company will continue to produce innovative products and bring new opportunities to Ontario County.” REDCOM Laboratories, Inc. is a woman-owned, small business. Since 1978, REDCOM has been developing and manufacturing the world’s most reliable communications systems for all branches of the U.S. military, our NATO allies, government agencies, emergency responders, service providers, and enterprises. As part of the company’s modernization project, it will purchase new surface mount technology equipment that has higher capacity circuit board printing and component assembly capabilities so that it can better meet client demands. The total project cost is almost $2 million. REDCOM Laboratories CEO, Dinah Gueldenpfennig Weisberg said, “REDCOM is still going strong after more than 40 years in business in the Greater Rochester area. We are excited about the growth we see for our business, and we look forward to contributing to the upstate NY economy as we expand our local electronics manufacturing capabilities and the development of our workforce. Our commitment to quality is embodied in our ISO 9001:2015 certification and will be strengthened this year with the addition of AS9100D and ISO 13485 certifications. The future for REDCOM and upstate New York is very bright.” For more information about REDCOM Laboratories, click here. State Senator Rich Funke said, “Victor is a great place to do business and raise a family and this investment by REDCOM Laboratories is a great sign that this positive trend will continue. Future economic growth in our area is clearly tied to the advanced manufacturing and technology sectors and REDCOM is well positioned to continue to be a leader in that movement. This is a great example of the good things that can happen when the state works with business hand in hand and local government succeeds in keeping the cost of doing business competitive.” State Assemblyman Brian Kolb said, “Congratulations to REDCOM Laboratories for their upcoming expansion and continued growth in Ontario County. Today’s announcement is a testament to their long track record of success and strong commitment to this community. This is wonderful news for the Finger Lakes region, and an wise investment of state resources in a proven, home-grown small business.” Ontario County Board of Supervisor Chairman and Victor Town Supervisor Jack Marren said, “Redcom Laboratories has been a part of the Victor business community for 34 years and we are pleased to hear of the investment being made to update the facility here.  The collaboration between Empire State Development, Ontario County IDA and Greater Rochester Enterprise emphasizes the efforts of these agencies to retain and grow business in this region.  The retention of 140 jobs and anticipated growth of 21 new jobs is a win for Victor, Ontario County and the Finger Lakes region. “ Ontario County Economic Development Corporation and Industrial Development Agency CEO Mike Manikowski said, “On behalf of the OCEDC I want to thank ESD for providing this state assistance to REDCOM Laboratories. As one of our County’s foremost electronic manufacturers, REDCOM Laboratories provides high quality secure communications products to a worldwide market.  The ESD assistance will help REDCOM  upgrade its manufacturing capability and retain and grow the high quality jobs at its Victor facility.” Matt Hurlbutt, president and CEO, Greater Rochester Enterprise said, “REDCOM senior leaders are expanding at their local facility in Rochester, NY’s Ontario County to capitalize on the highly skilled workforce available here along with Finger Lakes Community College’s tailor-made workforce development programs. Combine the available talent with a low cost of doing business and REDCOM had the business case they needed to invest 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, May 13, 2019 - 1:15pm
The Erie Canal Harbor Development Corporation (ECHDC) Board of Directors met today and authorized ECHDC to enter into a $5.53 million contract with Savarino Companies, LLC, for construction of the Longshed Building at Canalside. The approximately 4,400- square-foot wood-frame structure will reflect the Central Wharf site’s history by incorporating elements from the Joy and Webster Storehouse located on the site in the early 1800s. Staff and volunteers with the Buffalo Maritime Center will work out of the building during its first three years while building a replica of an 1825 packet boat. Governor Andrew M. Cuomo announced the state’s investment supporting the Longshed construction in August 2018. See renderings of the building here. To further facilitate this development, the board today also authorized ECHDC to acquire 0.23 acres from the City of Buffalo for $150,000.  “Our goal at Canalside has been to promote and incorporate architectural elements that celebrate and interpret the historical significance of the Erie Canal and its terminus,” said ECHDC Chairman Robert Gioia. “The Longshed will help facilitate that vision. I look forward to a ribbon cutting in the coming months.” The wood-frame building, located at the northern end of the Central Wharf, will have vertical battens and a metal roof. It is expected to be completed in 2020.   For more than 15 years, Savarino Companies has been in the business of providing Western New York with service in the construction industry. It is currently working with ECHDC on the interior fit-out for the Explore & More – The Ralph C. Wilson, Jr. Children’s Museum, also located at Canalside.  The Board also today approved a contract amendment with Hamilton Houston Lownie Architects, LLC for construction administration, architectural and engineering services related to the Longshed. The amendment will add $170,000 to the original contract and extend the term of the contract through July 1, 2020.  The New York Power Authority is the funding source for the contract, contract amendment and for the purchase of property for the Longshed. About Erie Canal Harbor Development Corporation The Erie Canal Harbor Development Corporation (ECHDC) is governed by a nine-member board consisting of seven voting directors and two non-voting, ex-officio directors. The seven voting directors are recommended by the New York State Governor and are appointed by the New York State Urban Development Corporation d/b/a Empire State Development as sole shareholder of ECHDC. The two non-voting, ex-officio director positions are held by the Erie County Executive and the City of Buffalo Mayor. As a subsidiary of Empire State Development, the state’s chief economic development agency, the Erie Canal Harbor Development Corporation supports and promotes the creation of infrastructure and public activities at Canalside, the Ohio Street corridor and the Outer Harbor that is attracting critical mass, private investment and enhance the enjoyment of the waterfront for residents and tourists in Western New York. Its vision is to revitalize Western New York’s waterfront and restore economic growth to Buffalo based on the region’s legacy of pride, urban significance and natural beauty.     Contact: Pamm Lent | [email protected] | 716-846-8309 | (800) 260-7313 Laura Magee | [email protected] | 716-846-8239 | (800) 260-7313
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Board Meeting

Monday, May 13, 2019 - 10:30am
With videoconferencing to:   Empire State Development 633 Third Avenue – 36th Floor Conference Room New York, NY 10017  
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Public Notice

Monday, May 13, 2019 - 10:00am
Public Notice: Village of Endicott – Main Street Corridor Rehab RESTORE V Capital Project
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Report

Friday, May 10, 2019 - 5:09pm
Empire State Development oversees administration of the Empire State Musical and Theatrical Tax Credit Program, which is designed to encourage music and theatrical production companies to conduct pre-tour activities, technical rehearsals and to perform shows at locations in Upstate New York, home to some of the premier regional venues for musical and theatrical production. This report reflects activity during calendar years 2015 and 2016. The information presented includes the number of productions that applied and projected spending and estimated credits for qualified production projects deemed eligible to participate in the Program. Musical and Theatrical Tax Credit Program: 2018
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Report

Friday, May 10, 2019 - 5:05pm
Read Camoin Associates' report on the economic impact of the film industry in New York State for years 2017 & 2018:  Economic Impact of the Film Industry in New York State - 2017 & 2018
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Report

Friday, May 10, 2019 - 5:00pm
EFPR Group was commissioned to conduct an independent review of ESD's Film Production and Post Production Tax Credit Programs, pursuant to Section 6 of Part B of Chapter 59 of the Laws of 2013. Read the 2017 & 2018 report here: Independent Review of the Empire State Film Production and Post-Production Credit Programs – 2017 & 2018
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Public Notice

Friday, May 10, 2019 - 2:00pm
Public Notice: Broadridge Financial Solution Capital Project
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Public Notice

Friday, May 10, 2019 - 2:00pm
Public Notice: Feinstein Institute of Medical Research: Center for Bioelectric Medicine Capital Project
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