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 2, 2022 - 11:23am
President LeMura Replaces SUNY Interim Chancellor Deborah F. Stanley, Former President of SUNY Oswego The Central New York Regional Economic Development Council (CNYREDC) today announced that Dr. Linda M. LeMura, President of Le Moyne College in Syracuse, has been appointed as Co-Chair of the council. She succeeds SUNY Interim Chancellor Deborah F. Stanley, who formerly served as the long tenured President of SUNY Oswego. President LeMura, who has participated as a council member since 2015, joins fellow Co-Chair Randy Wolken, President of the Manufacturers Association of Central New York (MACNY), in the council’s efforts to support and promote economic growth across the five-county region. The CNYREDC is composed of Cayuga, Cortland, Madison, Onondaga, and Oswego Counties. “Our Regional Economic Development Council process helps to spur collaborative, creative projects that revitalize communities, attract high-tech businesses, and improve the economy and quality of life in Central New York,” said Lieutenant Governor Brian Benjamin, Chair of the statewide Regional Economic Development Councils. “I congratulate Dr. Linda LeMura on her appointment as the new Co-Chair of the Central New York REDC. I feel confident that the Council will continue to work together with academic, business, and nonprofit leadership to ensure the Central New York region's economic prosperity under President LeMura's leadership." Dr. LeMura, a scientist and academic, was named as the 14th President of Le Moyne College in 2014 after having previously served the college as Provost, Vice President for Academic Affairs from 2007 to 2014 and as Dean of the College of Arts and Sciences from 2003 to 2007. Dr. LeMura has also overseen the completion of the $100 million Always Forward campaign, the largest campaign in the College’s history. Additionally, she has worked to form strong partnerships with other institutions of higher education and is engaged in the greater Syracuse community to improve the lives and education of those in the Central New York region. Dr. LeMura earned a Ph.D. in Applied Physiology from Syracuse University and a B.S. summa cum laude from Niagara University. "It is an honor and a privilege to be named co-chair of the Central New York Regional Economic Development Council," said Le Moyne College President Linda LeMura." As a direct result of strategic partnerships among leaders in business, nonprofits, higher ed, and technology, many important economic initiatives have come to fruition to revitalize and strengthen our communities in measurable ways. I look forward to building upon the excellent work of my predecessor, Deborah Stanley, and to working with my co-chair Randy Wolken and all those involved with the CNYREDC, including our Empire State Development colleagues in Central New York and Albany. I am deeply grateful to Governor Kathy Hochul for giving me the opportunity to serve in this role." CNYREDC Co-Chair MACNY President Randy Wolken said, "I am very much looking forward to working closely with President LeMura as CNYREDC co-chairs and know that she brings to the table a wealth of knowledge about our regional economy. I would also like to thank Deborah Stanley, for her years of tireless service to the region and to the people of New York State.”  SUNY Interim Chancellor Deborah F. Stanley said, “Serving as a Co-Chair of the Central New York Region Economic Development Council has been a tremendous honor. The council’s work has been impactful, creating jobs and opportunity in the Central New York region as it moves forward. I would like to offer my best wishes to President LeMura and Randy Wolken, and my thanks to all the members of the CNYREDC who have done so much in support of this region." The REDC process has transformed New York State government's approach to economic development, creating a statewide framework for bottom-up, regional economic growth and streamlining the state funding application process. Established in 2011 as a centerpiece of the State’s strategy to jumpstart the economy and create jobs, the Regional Councils replaced the state's old top-down approach with one that is community-based and performance-driven. Through 10 rounds of the REDC competition, the CNYREDC has delivered over $839.5 million for 873 projects. Accelerating CNY Rising  Today's announcement complements “CNY Rising,” the region’s comprehensive blueprint to generate robust economic growth and community development. The regionally designed plan focuses on capitalizing on global market opportunities, strengthening entrepreneurship and creating an inclusive economy. Now, the region is accelerating CNY Rising with a $500 million State investment through the Upstate Revitalization Initiative. 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 5,900 new jobs. More information is available here. About the Regional Economic Development Councils The Regional Economic Development Council initiative (REDC) is a key component of New York State's transformative approach to State investment and economic development. In 2011, the 10 Regional Councils developed 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. Since the establishment of the REDCs in 2011 until the most recent round in 2021, which is still in-progress, over $7.5 billion dollars was awarded to more than 9,100 economic and community development projects consistent with each region’s strategic plans. For more information on the Regional Councils, visit www.regionalcouncils.ny.gov. Contact: Shari Voorhees-Vincent | [email protected] | (585) 399-7055 Press Office | [email protected] | (800) 260-7313  
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Board Meeting

Tuesday, March 1, 2022 - 2:15pm
In accordance with current Legislation, this meeting will be conducted via video conference and teleconference. The public may watch the meeting via webcast by clicking the link below. Members of the public may submit comments on agenda items in writing to [email protected] by 5:00 p.m. on Monday, February 28.
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Press Release

Tuesday, March 1, 2022 - 1:17pm
New Building Equipped for Life Sciences, Arts, Commercial, Retail and Academic Tenants  Features 350,000 Square Feet of Commercial Space and 20,000 Square Feet of Outdoor Space    $10 Million State Investment Supports Growing Life Sciences Industry in New York City  Governor Kathy Hochul today announced the completion of the $700 million Taystee Lab Building, an 11-story, 350,000 square feet mixed-use development located in West Harlem's Manhattanville Factory District. The former Taystee Bakery site has been repurposed and reimagined as the Taystee Lab Building, a brand-new, Class-A, LEED-certified life sciences building.  "The completion of the Taystee Lab Building is a milestone in the next chapter of Harlem's rich history," Governor Hochul said. "Anchoring the Manhattanville Factory District, the new state-of-the-art building will serve as the home for innovative companies developing the next generation of life science research and technology. As we continue to build back from the pandemic, today's investments that support our life science infrastructure will ensure that we are better prepared, better equipped and more resilient in the future."  "Back in May of 2019—when the Governor and I were at the groundbreaking for the Taystee Lab Building in our former capacities as Lieutenant Governor and State Senator—we could not anticipate just how pertinent and necessary this investment would become," said Lieutenant Governor Brian Benjamin. "Now, as we dare to meaningfully rebuild the state's economy, it's only natural that we invest heavily in our health workforce and infrastructure. Today's ribbon cutting represents exactly the types of investments government should be making to ensure our recovery is an equitable one. As we rebuild and reopen in time for summer, we must strive for a New York that benefits the full diversity of people who call this state home. It's the only way to ensure New York reemerges stronger, fairer, and healthier than ever before."  Read the full press release here.
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Press Release

Monday, February 28, 2022 - 3:08pm
FY23 Budget Will Make Up To $200 Million Available for Growing High-Tech Industries Across the State   New FAST NY Online Portal Launched to Solicit Interest and Provide Program Updates Governor Kathy Hochul today announced plans for the new Focused Attraction of Shovel-Ready Tracts New York grant program to attract and expand key growth industries to New York State. The Governor announced the program at the New York State Economic Development Council Conference in Albany. Through Empire State Development, Governor Hochul's fiscal year 2023 budget will make up to $200 million available to the new FAST NY grant program to develop sites that will attract high-tech manufacturing, particularly semiconductor manufacturing, warehousing, distribution and logistics businesses to the state to jumpstart New York's shovel-readiness and increase the state's attractiveness to large employers.   "My administration is laser-focused on leading a recovery that works for the entire state, investing in every community and creating good-paying jobs of the future," Governor Hochul said. "To be the most business-friendly and worker-friendly state in the nation, we're making historic investments in infrastructure, technology, and project delivery. The hundreds of millions of dollars invested into the development of shovel-ready sites will help us diversify our economy and jumpstart New York's next great comeback." Empire State Development Acting Commissioner and President and CEO-designate Hope Knight said, "Currently, with the federal government poised to invest billions of dollars under initiatives such as the proposed CHIPS Act and the recently passed Infrastructure Investment and Jobs Act, the time is ripe for New York to invest in a new generation of shovel-ready sites, and FAST NY will help usher in a new era of growth." Read the full press release here.
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Report

Friday, February 25, 2022 - 5:53pm
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 12/31/2021. 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, February 25, 2022 - 5:50pm
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 2021, ending 12/31/2021. 12/31/2021: 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 2011 & 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 CHART I - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2019 CHART J - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2020
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Press Release

Friday, February 25, 2022 - 3:54pm
Meetings Are Part of ESD’s Multi-Year Outreach And Feedback Effort Informing Governor Hochul’s Revitalization of Penn Station Area  Facilitated Sessions Sponsored with State Senator Brad Hoylman  Part of Governor Hochul’s Commitment to Identifying Targeted Approaches to Homelessness and Addiction  Empire State Development announced a series of issue-based working sessions to understand the current social and economic issues impacting the neighborhood surrounding Penn Station, and identify innovative approaches to tackle these challenges. The meetings, which began yesterday following an initial kick-off session held in January, will continue over the next two months and are being organized in partnership with State Senator Brad Hoylman. The sessions feature facilitated discussions attended by leading non-profit organizations with specific expertise in the topics being addressed, and are part of Governor Hochul’s commitment to identifying targeted approaches to homelessness and addiction as part of the Penn Station Area redevelopment.  Governor Hochul last November unveiled her vision for a new commuter-first world-class Penn Station and revitalized surrounding neighborhood that reflects the community's needs and focuses on public transit and public realm improvements. The plan prioritizes the reconstruction of the existing station while the station expansion and the Gateway Project initiatives continue.   The neighborhood plan has been informed by ESD’s two-year community engagement and collaboration process, which included more than 100 meetings with local stakeholders, government agencies, and elected officials to improve on past plans and establish a new way forward. For comprehensive information on ESD’s work to date, please visit the Penn Station Area Civic and Land Use Improvement Project webpage.   In addition, Governor Hochul has committed to establishing a station advisory group focused on her vision for a new commuter-first world-class Penn Station. This advisory group will be convened in the coming months as design work resumes. ESD Acting Commissioner and President and CEO-designate Hope Knight said, “The revitalization of the neighborhood surrounding Penn Station requires an honest review of its current conditions to fully realize the area’s tremendous possibilities. We are encouraged by the partnership of social service experts, community members and public officials, especially Senator Brad Hoylman, as we continue our community engagement and work collectively to achieve lasting progress in an area that is critical to New York’s economic competitiveness for generations to come.”   State Senator Brad Hoylman said, “Today’s Penn Station is a landmark for all of the wrong reasons. Under Governor Hochul’s leadership, we have a real opportunity to not only right the uninspired plans of the past which created the area’s current conditions, but to develop a positive plan with the community for a holistic revitalization that leads to the neighborhood’s lasting resurgence. I am grateful to ESD for their continued partnership and commitment to community input.”    Meeting Schedule    Feb 24: Active Service Providers Meeting 1  Attendees: Breaking Ground, BRC, Urban Pathways, Goddard Riverside   Agenda: Near-term priority projects    March 3: Advocates Meeting 1   Attendees: MCC, Fountain House, CSS, Coalition for the Homeless   Agenda: Near-term priority projects   March 10: Health Meeting 1   Attendees: Ryan Health, CUCS/Janian, Housing Works, GMHC, MHANY   Agenda: Near-term priority projects March 17: Social Service Meeting 1   Attendees: DPA, Center for Court Innovation, NY Harm Reduction Coalition, Housing Works   Agenda: Near-term priority projects   March 24: Active Service Providers Meeting 2   Attendees: Breaking Ground, BRC, Urban Pathways, Goddard Riverside   Agenda: Long-term projects needing investment   March 31: Advocates Meeting 2   Attendees: MCC, Fountain House, CSS, Coalition for the Homeless   Agenda: Long-term projects needing investment   April 7: Health Meeting 2   Attendees: Ryan Health, CUCS/Janian, Housing Works, GMHC, MHANY   Agenda: Long-term projects needing investment   April 14: Social Service Meeting 2   Attendees: DPA, Center for Court Innovation, NY Harm Reduction Coalition, Housing Works   Agenda: Long-term projects needing investment   April 21: Roundtable Review   Present assessments developed in small groups  Contact: ESD Press Office | [email protected] | (800) 260-7313
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Board Meeting

Thursday, February 24, 2022 - 9:30am
In accordance with recently passed Legislation, this meeting will be conducted via teleconference. The public may listen to the meeting via webcast by clicking the link below. Members of the public may submit comments on the Agenda items in writing to [email protected] by 5:00 p.m. on Wednesday, February 23, 2022.
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Press Release

Wednesday, February 23, 2022 - 3:39pm
$50 Million Public-Private Partnership Will Create Safe, Seamless Pedestrian Access Between Existing Park and World-Class Transportation Hub Project Renderings Available Here Event Photos Available Here Empire State Development (ESD), Friends of the High Line, and Brookfield Properties today announced the groundbreaking for the new High Line X Moynihan Connector, an elevated public-pedestrian pathway that connects the present terminus of the High Line at West 30th Street and Tenth Avenue to Moynihan Station through an existing public plaza within the Manhattan West development. The $50 million project represents a public-private partnership between ESD, Friends of the High Line, and Brookfield Properties with a scheduled completion in Spring 2023. Envisioned as part of a larger neighborhood connectivity project, the Moynihan Connector links the High Line to Moynihan Station and the larger transit hub at Penn Station to improve and enhance the pedestrian experience and strengthen connectivity for a more livable, vibrant West Side. It aims to foster connections for New Yorkers among residents, local businesses, visitors and a growing workforce – while ensuring access to public open spaces and other community assets. ESD Acting Commissioner and President and CEO-designate Hope Knight said, “The High Line X Moynihan Connector will safely connect commuters, residents, and visitors to major New York City destinations and spur further economic development on the West Side.  Projects that improve the public realm are an investment in New York’s future, and tangible sign of our optimism about the Empire State’s continued economic rebound.” When using the Moynihan Connector, pedestrians and visitors will have safe, unobstructed access to the Far West Side of Manhattan via two bridges – Woodland Bridge and Timber Bridge – that will connect to the existing 10th Avenue terminus of the High Line. The new, landscaped Woodland Bridge will extend eastward from the High Line's existing 10th Avenue/30th Street terminus along Dyer Avenue on Port Authority of New York and New Jersey property, to the mid-block between 9th and 10th Avenues. There, it will connect to a second Timber Bridge which will travel north and link to Brookfield Properties’ 2.5-acre public plaza within its Manhattan West development directly across 9th Avenue from Moynihan Station. The Moynihan Connector will offer a safe, scenic experience for commuters, residents, and visitors navigating this heavily trafficked area near the entrance to the Lincoln Tunnel. The project will improve access between transportation hubs like Moynihan Station and Penn Station, and destinations like Hudson Yards, Jacob K. Javits Convention Center, and Manhattan’s far West Side neighborhoods. The project complements and supports the recent public and private investments that continues to transform Manhattan’s Midtown West neighborhoods. Brookfield Properties Executive Vice President Sabrina Kanner said, "We are proud to celebrate such an exciting milestone today as we break ground at the High Line X Moynihan Connector alongside our partners at Empire State Development and Friends of the High Line. When Brookfield Properties set out to develop Manhattan West, our focus was on connectivity, and creating a place that felt welcome and accessible. The Connector embodies these principles by providing a safe and seamless pedestrian passageway from the city’s busiest transit hub to neighborhoods up and down the West Side and we look forward to its opening in 2023.” Joshua David, Friends of the High Line Interim Executive Director and Co-Founder, said, “The Moynihan Connector is the latest realization of the High Line's long-standing vision. In just over a year from now, New Yorkers will be able to move seamlessly through beautiful, green public spaces from the West Village, up the High Line, over the two new Connector bridges and then cross just one city street into Moynihan Train Hall and the transportation options at Penn Station. We are grateful to our project partners, Empire State Development and Brookfield Properties for their speed and dedication to a project that will ultimately create a safer west side.” U.S. Rep. Jerrold Nadler said, “I am thrilled that we are now ready to break ground on the Moynihan Connector to the High Line. The High Line is an important resource for New Yorkers. The park generates important economic activity and provides a much-loved place to relax, grab a bite to eat, spend time with friends and family, and enjoy the views of our city. The Moynihan Connector realizes a long-standing vision for the High Line to provide better and safer pedestrian access to key New York City transportation hubs, recreational spaces, cultural institutions, and commercial properties. Currently, moving from Penn Station to the northern end of the High Line at 30th Street is a daunting task that includes crossing several busy streets, as well as dealing with trucks and cars entering the Lincoln Tunnel. When the connection is finally open New Yorkers and visitors will have a beautiful and safe pathway to the far West Side, the Hudson River and all the way to down to the West Village.” Senator Brad Hoylman said, “The High Line is one of the greatest urban parks and urban reclamation projects in the world. Now, thanks to the Connector, funded by Empire State Development, Friends of the High Line, and Brookfield Properties, the park will be directly and safely accessible from New York’s newest transit hub: Moynihan Train Hall. Governor Hochul’s prioritization of improvements on the West Side of Manhattan and her incorporation of community feedback in this project are such a breath of fresh air. The Connector began from Community Board 4’s suggestions to protect pedestrians from vehicular traffic. This improvement is community engagement in action, and it will be enjoyed by neighborhood residents and visitors for years to come.” Senator Robert Jackson said, "We welcome the innovative and strategic investment by the State and all stakeholders that will link the High Line to Moynihan Train Hall. This will allow commuters, residents, and tourists to connect to all major New York City destinations safely. As New York continues to reopen and recover, this investment will benefit our State for years to come." Assembly Member Richard Gottfried said, “As the West Side continues to grow, we need to ensure that future infrastructure ensures the safe and convenient movement of pedestrians. The High Line extension and future improvements on the street level underneath will accomplish that, while bridging a new connection to the Penn Station area.” New York City Deputy Mayor for Operations Meera Joshi said, “New York City’s economic recovery begins with great infrastructure, and this project will help us move in the right direction. A safe and easy connection between the High Line and the many transportation options at Moynihan Train Hall and Penn Station will help New Yorkers, commuters, and visitors take advantage of all our city has to offer. I applaud ESD and their partners for putting this exciting new project in motion.” Manhattan Borough President Mark Levine said, “The High Line is a shining example of utilizing urban infrastructure to create badly needed open space for New Yorkers and extending it to Moynihan Hall will better connect New Yorkers to more livable and vibrant neighborhoods of Manhattan. I’m glad that the visibility improvements for pedestrians that the local community needed have been included in this plan and congratulate Acting Commissioner Hope Knight and the Friends of the High Line for their work.” Council Member Erik Bottcher said, “I am so happy to celebrate the groundbreaking of the High Line-Moynihan Connector in my City Council district. This connector is a wonderful new addition to the community that will further connect the High Line to the surrounding neighborhood and important transit hubs.” Manhattan Community Board 4 Chair Jeffrey LeFrancois said, "Manhattan Community Board 4 looks forward to more pedestrian-centric planning from the State and the High Line East connector improves a part of our district that has long been ignored. The High Line is an important piece of infrastructure that also happens to be a park on the west side, and MCB4 is thankful the State is making improvements to the streetscape in this area as well." Contact: ESD Press Office | [email protected] | (800) 260-7313
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Report

Tuesday, February 22, 2022 - 12:11pm
Centers of Excellence 2021 Report
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