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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Public Notice

Thursday, November 7, 2019 - 1:00pm
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Public Notice

Thursday, November 7, 2019 - 10:00am
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Press Release

Wednesday, November 6, 2019 - 1:12pm
State to Collaborate with Finger Lakes Regional Economic Development Council to Revitalize Seneca Falls' Downtown Part of Governor's Comprehensive Approach to Transform Communities into Vibrant Neighborhoods and Boost Local Economies Downtown Revitalization Investments Complement "Finger Lakes Forward" - The Region's Comprehensive Strategy to Revitalize Communities and Grow the Economy Governor Andrew M. Cuomo today announced Seneca Falls will receive $10 million in funding as the Finger Lakes Region winner of the fourth round of the Downtown Revitalization Initiative. As in the first three rounds of the DRI, one municipality from each of the state's 10 regional economic development regions is selected as a $10 million winner, marking another overall state goal to target $100 million in funding and investments to help communities boost their economies by transforming downtowns into vibrant neighborhoods where the next generation of New Yorkers will want to live, work and raise a family. "With this funding Seneca Falls will be able to share its rich history with more people through infrastructure and commercial developments that will encourage economic growth," Governor Cuomo said. "Through DRI, local governments are able to actualize changes they wish to see in their communities with creative solutions to make long-lasting, positive impacts on their economies and their cities."  "With funding from the Downtown Revitalization Initiative, Seneca Falls will continue to flourish as an integral part of state and national history," said Lieutenant Governor Kathy Hochul. "As the birthplace of the women's rights movement and a charming part of the Finger Lakes, Seneca Falls is primed for continued investment that will positively impact downtown growth. With this once in a lifetime opportunity, Seneca Falls will develop a roadmap for the future with innovative projects focused on boosting the local and regional economy." Read the full press release here. 
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Public Notice

Tuesday, November 5, 2019 - 2:00pm
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Public Notice

Tuesday, November 5, 2019 - 1:00pm
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Press Release

Tuesday, November 5, 2019 - 11:44am
State to Collaborate with Capital Region Economic Development Council to Revitalize Schenectady's Downtown Part of Governor's Comprehensive Approach to Transform Communities into Vibrant Neighborhoods and Boost Local Economies Downtown Revitalization Investments Are Crucial Part of Capital Region's Comprehensive Strategy to Revitalize Communities and Grow the Economy Governor Andrew M. Cuomo today announced that Schenectady will receive $10 million in funding as the Capital Region winner of the fourth round of the Downtown Revitalization Initiative. As in the first three rounds of the DRI, one municipality from each of the state's 10 regional economic development regions is selected as a $10 million winner, marking another overall state goal to target $100 million in funding and investments to help communities boost their economies by transforming downtowns into vibrant neighborhoods where the next generation of New Yorkers will want to live, work and raise a family. "With this funding, Schenectady will further enhance its vibrant downtown and transform the Mohawk Harbor into a top regional destination with unique waterfront amenities that will benefit residents and visitors," Governor Cuomo said. "The Harbor will be more walkable and better connected to the rest of the city, while key developments will fuel economic growth for the local community and the surrounding region. This is only the latest example of how the DRI Initiative has fueled the resurgence of Capital Region communities, allowing them to unleash their full potential."   "Schenectady has worked to revitalize its downtown and transform Mohawk Harbor into a waterfront destination, and this significant funding will fuel momentum for continued growth," said Lieutenant Governor Kathy Hochul. "The $10 million as part of the Downtown Revitalization Initiative will build on development and investments in the city, linking downtown to lower State Street and Mohawk Harbor ensuring enhanced connectivity and creating a more walkable community. The DRI will further strengthen the economy, create new and improved opportunities for residents, and support long-term growth and success in Schenectady, the Capital Region and across the State. Read the full press release here. 
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Press Release

Tuesday, November 5, 2019 - 10:13am
All 10 Regions will Present their Proposals in Albany and Provide Progress Updates to the New York State Review Team Presentations will be streamed live online at www.regionalcouncils.ny.gov Empire State Development (ESD) today announced the schedule for this year’s Regional Economic Development Council presentations to the Strategic Implementation Assessment Team (SIAT), which is led by Secretary of State Rossana Rosado and composed of state officials. ESD Acting Commissioner and President & CEO-Designate Eric Gertler said, “These presentations to the State’s review team are an important step in ensuring that each of the 10 REDCs have ample opportunity to demonstrate how their plans will enhance New York's economy - regionally and statewide - and support the Governor’s Round IX priorities.” All ten regions will present their potential funding ideas at the Empire State Plaza Convention Center Meeting Rooms in Albany. The schedule is as follows: Wednesday, November 6, 2019 Presentations held in Meeting Rooms 2-4 9:00 a.m. -- Mohawk Valley 10:30 a.m. -- Central NY 1:00 p.m. -- Mid-Hudson Monday, November 18, 2019 Presentations held in Meeting Room 6 9:30 a.m. -- Southern Tier 11:00 a.m. -- Western NY 1:30 p.m. -- New York City Tuesday, November 19, 2019 Presentations held in Meeting Room 6 9:00 a.m. -- Capital Region 10:30 a.m. -- Finger Lakes 1:00 p.m. -- North Country 2:30 p.m. -- Long Island 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 IX strategies. The presentations will be followed by questions from the review team. The SIAT includes Rossana Rosado, Secretary of State, New York State Department of State; Richard Ball, Commissioner, New York State Department of Agriculture and Markets; Alicia Barton, President and CEO, New York State Energy Research & Development Authority; RoAnn Destito, Commissioner, New York State Office of General Services; Matt Driscoll, Executive Director, New York State Thruway Authority; Erik Kulleseid, Commissioner, Office of Parks, Recreation & Historic Preservation; Roberta Reardon, Commissioner, Department of Labor; Michael Schmidt, Commissioner, Department of Taxation & Finance; Brian Stratton, Director, New York State Canal Corporation; RuthAnne Visnauskas, Commissioner, New York State Homes and Community Renewal; Hon. Donna Lupardo, Assemblymember, District 123; Hon. Helene Weinstein, Chair of Ways and Means Committee, New York State Assembly; Hon. Anna Kaplan, Senator, 7th District; Hon. Neil Breslin, Senator, 44th District. Round IX includes core capital and tax-credit funding that will be combined with a wide range of existing agency programs totaling approximately $750 million. The core funding includes $225 million in grants and tax credits to fund high value regional priority projects. The Budget also makes over $525 million in resources from state agencies available to support community revitalization and business growth consistent with the existing REDC plans 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 to 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 $6.14 billion has been awarded to more than 7,300 projects that are projected to create and retain more than 230,000 jobs statewide. 2019 Round IX Awards The Regional Councils will compete in 2019 for up to $150 million in capital funds and $75 million in Excelsior Tax Credits for projects identified by the Regional Councils as priorities in their regions. All 10 regions will be competing this year for designation as a Top Performer. Five top performing regions will be awarded a share of $100 million in ESD Capital grants. The remaining five regions will be awarded a share of $50 million in ESD Capital grants. Each region will also be awarded a share of $75 million in Excelsior Tax Credits to help attract and grow business in the region. In addition, each region will once again 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, the 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. For more information on the Regional Councils, visit http://www.regionalcouncils.ny.gov/. Contact: ESD Press Office | [email protected] | (800) 260-7313
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Press Release

Monday, November 4, 2019 - 12:09pm
State to Collaborate with New York City Regional Economic Development Council to Revitalize Staten Island's Downtown Part of Governor's Comprehensive Approach to Transform Communities into Vibrant Neighborhoods and Boost Local Economies Downtown Revitalization Investments Are Crucial Part of New York State's Comprehensive Strategy to Revitalize Communities and Grow the Economy Governor Andrew M. Cuomo today announced that Staten Island will receive $10 million in funding as the New York City Region winner of the fourth round of the Downtown Revitalization Initiative. As in the first three rounds of the DRI, one municipality from each of the state's 10 regional economic development regions is selected as a $10 million winner, marking another overall state goal to target $100 million in funding and investments to help communities boost their economies by transforming downtowns into vibrant neighborhoods where the next generation of New Yorkers will want to live, work and raise a family. "Staten Island's downtown has made significant strides fostering business and tourism opportunities, and this investment will help further uplift this historic community," Governor Cuomo said. "Staten Island holds a special place in the story of New York City, and we look forward to seeing it continue to flourish in this next chapter." "Staten Island is undergoing an economic renaissance, and our Downtown Revitalization Initiative capitalizes on the booming North Shore community," said Lieutenant Governor Kathy Hochul. "With this targeted investment, Staten Island will be able to continue turning the North Shore into a world-class tourist, retail and dining destination. The DRI is part of our ongoing strategy to create a brighter economic future across all of New York State and transform our communities into even better places to live, work and do business." Read the full press release here. 
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Press Release

Monday, November 4, 2019 - 12:08pm
Ithaca Community Childcare Center Will Expand Capacity and Services to Address Barriers to the Workforce for Parents by Providing after School and Part-Day Toddler and Pre-K Programming  Investment Complements “Southern Tier Soaring” - The Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy Empire State Development today announced the planned expansion of Ithaca Community Childcare Center located in Ithaca, NY in Tompkins County. Ithaca Community Childcare Center will expand capacity and services to address barriers to the workforce for parents by providing after school and part-day toddler and pre-k programming. This expansion will add classrooms, a gross motor space, relocate the front entrance and offices for better security and centralize operations to respond to the growing demand for quality and affordable childcare in the greater Ithaca area. Empire State Development Acting Commissioner and CEO and President-Designate Eric Gertler said, “Many families across the state have limited access to affordable, quality childcare, especially in more rural areas where spots are limited or far from home and work, which creates a real challenge for working parents. This investment towards the expansion of the Ithaca Community Childcare Center makes economic sense and is a necessary component of supporting working families and growing the local economy. Southern Tier Regional Economic Development Council Co-Chairs Harvey Stenger, President of Binghamton University and Judy McKinney-Cherry said, “Often one of the biggest challenges for families in the region is finding child care, and tackling this challenge is one of our biggest priorities. This investment in Ithaca Community Childcare Center is just the beginning of identifying and implementing long term solutions that help families access childcare in their community - allowing parents to work with peace of mind that their children will be in good hands.” This $3.9 million project at Ithaca Community Childcare Center will add 7,375 square feet and renovate 2,436 square feet of existing space at their Warren Road location which will include four new classrooms and a gross motor skills room.  To assist with the expansion and renovation, the Southern Tier Regional Economic Development Council has awarded a Round VIII Empire State Development Capital Grant in the amount of $790,000. Construction is expected to be completed in early 2021. Ithaca Community Childcare Center Executive Director, Sherri Koski said, "We are excited about the opportunity that this grant has provided us to better meet the needs in our community. Currently there is an inadequate amount of child care in our area. This scarcity has impact beyond families, significantly impacting employers, businesses and the region as a whole. This project is an important step in addressing the childcare issues that so many are facing today."  Senator Tom O’Mara said, “The expansion of the Ithaca Community Childcare Center is a critical piece of an ongoing community and workforce development strategy that will help strengthen families, attract and expand local businesses, and create local jobs.  It’s an important project deserving of this significant state investment.” “I couldn’t be happier at this significant investment of state funding that will expand services at the Ithaca Community Childcare Center,” Assemblymember Barbara Lipton said. “Access to quality and affordable childcare is a major issue for the constituents of my Assembly district, and I’m pleased that childcare services are now being recognized as a critical component of our workforce and economic development goals. I applaud everyone who was involved with making this project a reality and I want to offer my thanks to the Governor, as well, for his recognition of the need for childcare across New York State.” Martha Robertson, Chair of the Tompkins County Legislature said, “For people across the skills and education spectrum, child care is one of the most serious barriers to employment in Tompkins County. Parents struggle to find and keep affordable, quality child care, and many simply decide not to work outside the home as a result. We’re delighted and grateful that Empire State Development is recognizing the urgency of this issue with this grant to the Ithaca Community Childcare Center, and we congratulate IC3 on this important milestone.” Accelerating Southern Tier Soaring  Today's announcement complements “Southern Tier Soaring,” the region’s comprehensive blueprint to generate robust economic growth and community development. The State has already invested more than $6.2 billion in the region since 2012 to lay for groundwork for the plan – attracting a talented workforce, growing business and driving innovation. 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 Binghamton, Johnson City and Corning as a destination in which to grow and invest. Now, the region is accelerating Southern Tier Soaring 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 10,200 new jobs. More information is available here. Contacts: Kristin Devoe | [email protected] | (800) 260-7313 Shari Voorhees-Vincent | [email protected] | (585) 399-7055 ESD Press Office | [email protected] | (800) 260-7313
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Press Release

Friday, November 1, 2019 - 3:11pm
Clearwater Organic Farms Will Create Up to 137 New Jobs at Eastman Business Park  55 Jobs Guaranteed for Veterans or Underemployed New Yorkers  Investment Complements "Finger Lakes Forward" - The Region's Comprehensive Strategy to Revitalize Communities and Grow the Economy Photo of Groundbreaking Available Here Governor Andrew M. Cuomo today announced the groundbreaking of Clearwater Organic Farms' state-of-the-art commercial hydroponic greenhouse in Monroe County. The company is constructing a 10-acre, 475,000 square-foot facility on the western edge of Eastman Business Park where it will produce fresh, locally grown, organic baby leaf greens year-round. The facility will be constructed on property owned by LiDestri Food & Drink. The project will create up to 137 new full-time jobs, most of which will be in packaging, shipping, receiving and warehousing - and 55 of those jobs are reserved for veterans or those who are underemployed to support the region's anti-poverty agenda. "The innovative Clearwater Organic Farms facility will no doubt drive innovation, create jobs for New Yorkers who need them most and bolster economic growth throughout the region," Governor Cuomo said. "The Finger Lakes Forward economic strategy continues to generate momentum by attracting these types of high-growth industries to the region. "The Eastman Business Park is continuing to grow with new businesses and increased opportunities for collaboration among its resident companies," said Lieutenant Governor Kathy Hochul. "The start of construction on a state-of-the-art hydroponic greenhouse will advance the area's innovation economy and create over 100 jobs in Monroe County, including those for underemployed individuals and veterans. Clearwater Organic Farms' investment in this new facility will continue to build on the success we've had attracting high-tech industry to the region and move the Finger Lakes Forward." Read the full press release here. 
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