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.

All
Reports
Filter Options
Close
3166

items

Press Release

Thursday, December 1, 2022 - 1:47pm
State Supported, World-Class Recreation and Sporting Complex Will Serve as Premier Tournament-Based Facility for Ice Hockey, Box Lacrosse, Soccer and Other Field Sports Will Host Major Tournaments, Drawing Sports Teams from the Northeast and Canada to the Mohawk Valley Region Projected to Attract More Than 320,000 Annual Visitors Who Will Add More Than $26 Million to Regional Economy, Reinforcing State's Economic Vision for Mohawk Valley Governor Kathy Hochul today announced the grand opening of the $64 million Nexus Center in downtown Utica. The announcement comes in advance of a ceremonial "puck drop" to be held later this evening by local officials. Thanks to state support, which includes $22 million through the Upstate Revitalization Initiative, the 170,000 square-foot tournament-based recreation and sporting complex will be utilized for ice hockey, box lacrosse, soccer and other field sports, and will draw competitive youth teams from across the U.S. and Canada. The Nexus Center is projected to host 24 hockey and 24 lacrosse tournaments each year, welcoming more than 320,000 annual visitors and generating over $26 million annually in direct visitor spending.  "The completion of the world-class Nexus Center cements the State's ongoing vision for a reimagined Utica as a destination for sports fans and families alike," Governor Hochul said. "Thanks to an assist from New York, this facility will surely put the Mohawk Valley's economy on a winning streak for years to come."  The Nexus Center has three sheets of ice and is located next to the Adirondack Bank Center, the home of the American Hockey League's Utica Comets, Utica University men's and women's hockey programs and the Utica Jr. Comets youth hockey organization. The ice can be easily transformed into field-based surfaces to support turf sports. In addition, the Nexus Center offers more than 25 locker rooms, commercial office space, college classroom space, retail space, food and beverage services, and other multi-purpose training spaces.  The Nexus Center will focus on out-of-town tournament participants year-round, while catering to local athletes during the week for practices and training. When the facility is not actively being used for a tournament or other events, it will function as a community sports and recreation center for area sports organizations, high schools and colleges. The connectivity of the Nexus Center to the Adirondack Bank Center at the Utica Memorial Auditorium also enhances its overall regional impact and scope. Future plans for the Nexus Center include expanding to a four-season sporting center, with the potential to add outdoor multi-use sports fields to the north and into the Harbor Point area - a vision consistent with the Utica Harbor Master Plan.    Utica University has recently announced its partnership with the Nexus Center to enhance is Sports Management program, providing a highly innovative, first-of-its kind opportunity for students in the sports management program to gain real, professional experience. The Nexus Center will allow students to have a hands-on, interactive learning experience to help put their foot in the door when searching for employment upon graduation. In the last decade, the sports industry skyrocketed from 23rd to the sixth largest industry across the country. Utica University has roughly 40 students currently in the sports management program.  Read the full press release here.
learn more
Press Release

Wednesday, November 30, 2022 - 2:35pm
Sustainable Technology Company Further Growing its U.S. Operations at Eastman Business Park; Commits to Creating almost 270 New Jobs Li-Cycle To Receive up to $13.5 Million in State Support through Empire State Development's Excelsior Jobs Tax Credit Program NYS Investment Complements "Finger Lakes Forward" - The Region's Comprehensive Strategy to Revitalize Communities and Grow the Economy Project Rendering Available Here Governor Kathy Hochul today announced New York State's agreement with Li-Cycle, a Canadian lithium-ion battery resource recovery company, to create nearly 270 jobs in Monroe County through the performance-based Excelsior Jobs Tax Credit Program. The company will expand its U.S. operations through a new facility known as the Rochester Hub, which is currently being constructed on a 41-acre parcel of land formerly known as Eastman Business Park South. This is in addition to Li-Cycle's first U.S. Spoke facility currently operating within the business park, which has created more than 35 jobs. The latest project is expected to create up to 269 new jobs, and more than 1,000 jobs during construction. Empire State Development has agreed to support this project with up to $13.5 million in Excelsior Jobs Program tax credits in exchange for the job creation commitments. "We are powering New York's cleantech economy by supporting Li-Cycle's expansion, which will not only increase our lithium-ion battery supply but also recharge our thriving energy storage industry," Governor Hochul said. "With state support, Li-Cycle is bringing over 260 new jobs to the Finger Lakes region while supporting our state's clean energy sector. My administration is committed to supporting projects that will continue to bolster our state's economic growth and create a cleaner, more resilient future for all New Yorkers." In January 2020, Empire State Development announced that Li-Cycle would establish its first U.S.-based facility in New York State in an effort to tap into the robust lithium-ion battery supply chain available nationwide. ESD is assisting Li-Cycle with up to $13.5 million through the performance-based Excelsior Jobs Tax Credit Program once Li-Cycle starts meeting the new employment commitments. Monroe County and Greater Rochester Enterprise are also assisting with the project. Li-Cycle expects to start commissioning of the Rochester Hub facility in stages in 2023. Li-Cycle's "Spoke" and "Hub" operations will complement each other. Li-Cycle currently has several US-based Spokes that process end-of life batteries and battery manufacturing scrap through a proprietary process which produces minimal wastewater and emissions. The primary product of Li-Cycle's Spokes is black mass, containing a number of highly valuable critical metals, including lithium, cobalt and nickel. Li-Cycle will convert the black mass into battery-grade materials at the 'Hub' in an environmentally sustainable manner, using its proprietary technologies. The 'Spoke' operation is capable of shredding up to 5,000 tonnes per year of lithium-ion batteries. Ultimately, the "Hub" facility will receive the black mass from its' spoke locations across the US and process battery material that is equivalent to approximately 225,000 electric vehicles per year. Supplying critical battery-grade materials domestically will have an important economic, environmental, and national security impact in the US. Read the full press release here.
learn more
Press Release

Wednesday, November 30, 2022 - 2:32pm
Ten Downtown Revitalization Projects Increase Housing, Enhance Public Spaces and Streetscapes, and Support Small Business Part of a Strategic Goal to Enrich the Community with Key Catalytic Projects Governor Kathy Hochul today announced 10 transformational projects in the Village of Tupper Lake as part of the $10 million Downtown Initiative Award. These projects will improve downtown public spaces and streetscapes and expand commercial, residential, entertainment and recreational opportunities in the Village's waterfront Uptown District. "With revitalized waterfront trails, expanded housing options, and even a new brewery, Tupper Lake is shaping up to be a four-season, must-visit destination in New York," Governor Hochul said. "While we are already seeing the benefits to communities across the North Country, I am excited to continue our investment in small businesses and the upstate economy." Tupper Lake is a resurgent Adirondack community that aims to make the community a nationally-recognized, vibrant, four-season Adirondack destination through the ongoing revitalization of their compact, mixed-use, walkable, waterfront Uptown District. The Village, which is located on the easternmost shore of Raquette Pond, originated as a logging and timber center in the late 1800s. Now, Raquette Pond and the surrounding forests attract tourists and outdoor recreation enthusiasts who contribute to the local economy and downtown businesses. The DRI awards will enhance tourist amenities, improve the streetscape and inter-connectivity among various destinations and create significant new housing, commercial and entertainment options. The investments are part of the Governor's ongoing efforts to revitalize the upstate economy and create more opportunities within the North Country. The DRI is led by the Department of State providing technical assistance as each participating community develops a Strategic Investment Plan identifying specific projects with a unique vision for the revitalization of the downtown area. The specific projects to be funded through the DRI support several goals and strategies contained in the community's Strategic Investment Plan, such as—expanded housing options; improved walkability and streetscape connectivity; and increased arts, cultural, entertainment and recreational opportunities by supporting small businesses. The $9.7 million State investment in these projects through the DRI will leverage an estimated $55 million in additional public and private sector investments as the revitalization process proceeds and builds momentum. Read the full press release here.
learn more
Press Release

Wednesday, November 30, 2022 - 1:08pm
Grants Awarded Through REDC Initiative to 69 Capital and Working Capital Projects Across New York State Full List of REDC Awardees Thus Far Can be Found Here Empire State Development (ESD) today announced that nearly $15 million has been awarded through the Market New York program to support 69 projects across New York State through the Regional Economic Development Council initiative. Market New York funding supports tourism facility capital improvement projects and regionally-themed marketing projects that promote travel destinations, attractions and special events. The program and projects supported through its funding align with each region's long-term strategic plans for economic growth. "The projects represented by these Market New York awards illustrate the breadth and beauty of New York State’s many arts, cultural and visitor attractions," Lieutenant Governor Antonio Delgado, Chair of the Statewide Regional Economic Development Councils, said. "This program ensures that New York State's tourism offerings across our remarkable regions continue to reflect the diverse and unique interests of residents and visitors alike." ESD President, CEO and Commissioner Hope Knight said, "Tourism is vital to our communities; it showcases the best of New York State, and visitor spending supports small businesses, jobs and regional economies. Market New York funding helps to ensure that the state's tourism partners can reach new markets and audiences, and enables destinations to upgrade, grow and expand to encourage sustainable economic growth." ESD Vice President and Executive Director of Tourism Ross D. Levi said, "Beyond serving as New York's destination marketing organization, Empire State Development and the Division of Tourism support the state’s vital tourism industry through initiatives like tourism job fairs, educational programming, and funding opportunities like Market New York. The projects awarded Market New York grants will help give travelers even more reasons to come be a part of all there is to love in New York State all year long." The tourism and hospitality sector is a pillar of New York's economy; it is the state's third largest industry, supporting one in 11 private sector jobs. Visitation in New York State sustains an economic impact of $85.5 billion and generates enough in state and local taxes to save every household in the state more than $1,000 annually. Coupled with New York's engaging marketing campaigns and Governor Kathy Hochul's record-setting post-pandemic industry support programs, projects awarded funding through Market New York help to promote the state diverse regions as world-class travel destinations, sparking economic growth and creating jobs. Awardees include: Lake George Music Festival (Capital Region) – $40,000 Working Capital Grant: The Lake George Music Festival (LGMF), an internationally-recognized classical music festival, plans to use grant funds to promote a new initiative called the LGMF "Plus Pass." This summer events series promotion will market a season pass valid at the Lake George Music Festival's summer performances and events, plus several other cultural and scenic tourist attractions, increasing local and regional visitation. CNY Arts, Inc. (Central New York) – $150,000 Working Capital Grant: CNY Arts will utilize grant funds for a marketing campaign designed to promote and raise the visibility of Central New York’s Arts Community. The campaign will attract new and returning visitors to (re)discover the region and its rich cultural activities and expand their experience of the region, promoting return visits. University of Rochester/Memorial Art Gallery (Finger Lakes) – $45,000 Working Capital Grant: The Memorial Art Gallery (MAG) will develop a marketing plan to attract increased visitation from within a six-hour drive of Rochester to an interactive experience exhibition, created by the internationally-recognized artist Yayoi Kusama, that will be on view at MAG from late 2023 through spring 2024. Southold Historical Society (Long Island) – $67,000 Capital Grant: Southold Historical Museum will use the funds to support the planning and implementation of a tourism marketing plan with the goal to showcase the museum's significance on a regional, national and international basis. Dia Art Foundation (Mid-Hudson) – $400,000 Capital Grant: Dia Art Foundation will use grant funds for critical renovations, including facade restoration addressing climate control/energy efficiency issues; relandscaping of an area impacting accessibility; creating more accessible gender neutral and family restrooms; and replacement of the HVAC system. Integrated Community Alternatives Network (ICAN) (Mohawk Valley) – $425,000 Capital Grant: ICAN will use funding for a second project phase which is to purchase, construct, and install museum exhibits for Utica Children’s Museum, offering learning experiences that reflect and represent the region, and elevating the museum’s profile through rebranding and website development NYCxD, Inc. (New York City) – $505,000 Working Capital Grant: NYCxDESIGN will host NYC's Annual Design Week, highlighting thousands of New York City’s creatives and design businesses by hosting events across the city’s five boroughs. The project will expand impact through new programming that will drive more visitors to New York City and target inclusive growth for local businesses. Town of Massena (North Country) – $41,000 Working Capital Grant: The Town of Massena will use grant funds to increase important branding and marketing support for major fishing tournaments, as part of the community's continuing efforts to make Massena the fishing capital of the Northeast and a worldwide tourism destination. Opera Ithaca (Southern Tier) – $75,000 Working Capital Grant: The 2023 Opera Ithaca will use the funding to plan and promote extended outreach for a special event in the Southern Tier. This event will expand upon the past marketing campaigns with an anticipated increase in overnight tourism. The Aquarium of Niagara (Western New York) – $900,000 Capital Grant, $100,000 Working Capital Grant: The Aquarium of Niagara will use the tourism capital grant to fund a portion of the construction costs to open a new cultural attraction in the Niagara Gorge Discovery Center. The marketing funds will be used to directly appeal to visitors through a regionally-based, multi-pronged advertising campaign. To further support the state's tourism industry, ESD continues to accept applications for the Meet in New York and the Tourism Return-to-Work programs. The Meet In New York grant program was established to encourage the return of conferences, meetings and trade shows by covering a portion of event-based discounts; more information is available here. The Tourism Return-to-Work program provides financial assistance to tourism industry businesses that create jobs previously lost due to COVID-19 pandemic economic hardship. More information, including the program application, is available here. About the Consolidated Funding Application The Consolidated Funding Application 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. Learn more about the CFA here. About the Regional Economic Development Councils The Regional Economic Development Council initiative is a key component of the State’s approach to State investment and economic development. In 2011, 10 Regional Councils were established 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. Learn more at regionalcouncils.ny.gov. About New York State New York State is a premier vacation destination with world-class attractions, picturesque natural beauty, locally sourced cuisine and a booming craft beverage scene, an array of accommodations, and iconic, year-round festivals and events. Its 11 diverse vacation regions feature some of the world's top ranked beaches; two out of America's top three favorite state parks; breathtaking Niagara Falls; more ski areas than any other state; one of the nation's longest foliage seasons; multiple Halls of Fame; North America's longest, fastest and highest zipline; the largest publicly protected area in the contiguous United States; and the country's longest multi-use trail. Add in the state's unique museums, historic landmarks, cultural sites, charming small towns and urban playgrounds, and it's no wonder New York has been consistently chosen as a top getaway by travel publications and experts. To help plan your next New York State vacation, visit www.iloveny.com. Contact: ESD Press Office | [email protected] | (800) 260-7313
learn more
Press Release

Tuesday, November 29, 2022 - 4:00pm
$56.5 Million Allocated Through the Long Island Investment Fund to Date State Investments Leverage $122 Million in Workforce Training and Technology Advancements Governor Kathy Hochul today announced the $350 million Long Island Investment Fund awarded its next three grants totaling $46.5 million: $30 million for Farmingdale State College to build a Center for Computer Science and Information Technology, $10 million for Long Island University to build a College of Science Applied Research and Innovation facility, and $6.5 million for Stony Brook University to construct a new Quantum Internet Test Bed. The Governor also announced that Farmingdale State College's new Center for Computer Science and Information Technology will be fully funded by the State and will use $45 million from the State University of New York Construction Fund for the project in addition to the $30 million from the LIIF. With these projects, the Long Island Investment Fund has invested $56.5 million, leveraging another $122 million in public and private dollars, to help drive economic growth on Long Island, and will create hundreds of new jobs on Long Island and support the education and training of thousands. Today's announcement further demonstrates Governor Hochul's commitment to the region's future by building the foundational infrastructure needed to support Long Island's talented workforce and continue its status as a hub of technology and innovation. "Through the Long Island Investment Fund, my administration is committed to making Long Island our nation's premier corridor for life sciences and research innovation," Governor Hochul said. "The awards announced today will help create jobs in cutting-edge sectors, boost workforce training, and support nation-leading innovation right here in New York. As we attract and retain top talent through our investments in state-of-the-art research facilities and infrastructure, Long Island is where the future is being imagined." Included as part of Governor Hochul's FY 2023 Enacted Budget, the Long Island Investment Fund focuses on projects that will support and grow the regional economy, enhance communities, and have lasting economic impacts across Long Island. The Long Island Investment Fund awarded its first grant of $10 million to The Feinstein Institutes for Medical Research to construct new state-of-the-art labs to support medical and infectious disease research. To date, the Fund has allocated $56.5 million to projects that will support transformative projects to strengthen Long Island's economy. Empire State Development President, CEO and Commissioner Hope Knight said, "The latest Long Island Investment Fund projects demonstrate the potential for transformative job, higher-ed and industry growth throughout the region. Investing in workforce development and partnering with Long Island's top-tier educational institutions will help to create a tech talent pipeline that will benefit industries in one of New York State's premier life science hubs." Read the full press release here.
learn more
Press Release

Tuesday, November 29, 2022 - 12:41pm
Company to Invest More Than $1M at North Tonawanda Plant for Oxygen and Nitrogen Generator Manufacturing Empire State Development (ESD) today announced that NOVAIR USA, a leading manufacturer of on-site gas production systems, plans to add 12 jobs and invest more than $1 million in its North Tonawanda plant. The investment will be used to expand operations and develop new products. “Advanced manufacturers like NOVAIR USA fuel economic growth by exploring new technologies, delivering next-generation products, and creating new, higher-paying jobs,” said Empire State Development President, CEO and Commissioner Hope Knight.  “While NOVAIR has a global reach, this successful company decided to expand in Niagara County, highlighting the extensive innovation and manufacturing talent found in Western New York.”  NOVAIR, a family-owned business headquartered in France, acquired Oxygen Generating Systems Intl. (OGSI), located at 814 Wurlitzer Drive in North Tonawanda, in January 2022. OGSI manufactures a wide range of highly durable oxygen generators, specifically designed for demanding applications such as disaster preparedness, healthcare and semiconductors manufacturing. OGSI solutions are distributed all over the USA, as well as internationally. As part of NOVAIR Group, OGSI is gaining access to a wide range of high-end solutions that greatly complement its existing ranges, including industrial and medical pressure swing adsorption (PSA) oxygen and nitrogen generators, high pressure oxygen cylinder filling systems, and medical air/vacuum systems. NOVAIR USA President Timothy Blach said, “This is not what most people think of when they hear the words ‘job creation,’ this is about facilitating growth not only for the company but for the new hires as well by adding good paying career-oriented positions.” The expansion project will allow NOVAIR to expand its U.S. operations by moving some Miami-based production from a recently acquired company, America Energy, to NOVAIR’s North Tonawanda plant. . America Energy fabricates air compressors and various pump systems. Additionally, NOVAIR owns an entity in Italy (Noxerior) that manufactures two types of nitrogen generators. NOVAIR would like to bring that nitrogen equipment technology to North Tonawanda for domestic manufacturing and distribution. Between the potential relocation of product lines from Florida and the addition of new technology from Italy, the project will create 12 new jobs over the next five years, with an average starting salary of $62,000 per year.  ESD will provide up to $170,000 in Excelsior Jobs Program tax credits in return for job commitments Senate Minority Leader Rob Ortt, “Today’s announced expansion by NOVAIR USA is welcome news for our local economy. Continued job creation and investment at their North Tonawanda plant demonstrates NOVAIR’s commitment to our region and proves once again that Niagara County will continue to be a state leader in manufacturing innovation.” Assemblyman Bill Conrad said, "When we innovate here at home, and invest in our stateside manufacturers and the technology that sustains them, we contribute to an economy that generates jobs, feeds industry, and supports the growth of our region's tax base, skilled workforce, collective brainpower, and pro-business reputation. I thank NOVAIR USA for focusing its expansion in North Tonawanda, and I commend Empire State Development for recognizing a win-win opportunity to incentivize the local development of this global company." About NOVAIR NOVAIR is the worldwide leading manufacturer of on-site oxygen and nitrogen gas production systems for healthcare and industrial applications. With 45 years of global market presence as well as manufacturing and R&D centers in France, Italy and North Tonawanda, NY at NOVAIR USA Corp., NOVAIR leads innovation in gas production through pressure swing adsorption (PSA) technology. Headquartered in France, with its North American headquarters in Western New York, NOVAIR operates in over 150 countries and has installed thousands of gas generators around the planet, supplying daily life-saving medical oxygen to hundreds of thousands of patients the world over. NOVAIR also provides industrial oxygen and nitrogen that enhances the effectiveness of scores of industries through a broad range of applications and market segments. For additional information about NOVAIR USA, visit: http://www.novair-usa.com 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
learn more
Press Release

Monday, November 28, 2022 - 1:05pm
Eight Downtown Revitalization Projects Enhance the Vibrant Culture of Little Falls $10 Million Downtown Revitalization Initiative is Part of a Strategic Goal to Enrich the Community, Promote Business and Create Housing Opportunities Renderings of Projects Available Here Governor Kathy Hochul today announced eight transformational projects in the City of Little Falls as part of the $10 million Downtown Revitalization Initiative Award. The awards will leverage the community's walkability, and rich historic, cultural and natural resources. Renderings of the Little Falls revitalization projects are available here. "The Downtown Revitalization Initiative is all about making our New York communities even better places to live, work and play," Governor Hochul said. "Little Falls residents have seen the potential of their community as the Gateway to the Adirondacks, and I have been struck by their passion for taking it to the next level. I want to thank every person who has made today's announcement possible as we turn the page and build a brighter future for this community." The Little Falls Downtown Revitalization Initiative award will help to create a more unified downtown to improve walkability and bikeability for residents and to catalyze additional investment along Main Street and within Canal Place. Through the Downtown Revitalization Initiative, the City is transforming the downtown experience by allowing a more natural flow for vehicular traffic, establishing a small business assistance fund, and replacing the Main Street Canopy to make walking, shopping, and dining downtown even more enjoyable year-round. The investments are part of the Governor's ongoing efforts to revitalize the upstate economy and create more opportunities for the Mohawk Valley. In addition to awarding grants for catalytic community investments, the Downtown Revitalization Initiative, led by the Department of State, provides technical assistance to participating communities as they develop a Strategic Investment Plan and identify projects to revitalize their downtown areas. Read the full press release here.
learn more
Press Release

Monday, November 28, 2022 - 12:30pm
Twelve Downtown Revitalization Projects Enhance New Public Amenities, and Business and Housing Opportunities Part of a Strategic Goal To Enrich the Community with Key Catalytic Projects Renderings of Projects Available Here Governor Kathy Hochul today announced 12 transformational projects in the City of Gloversville as part of the $10 million Downtown Revitalization Initiative award. The award will enhance public amenities and greenspace, expand housing opportunities, and support both new and existing small businesses. Project renderings are available here. "We are ushering in a new era for Gloversville, attracting jobs, businesses, and people and making the community a better place to live and work," Governor Hochul said. "These investments will create more affordable housing, improve public amenities, and revitalize key businesses in downtown Gloversville, which will improve the quality of life for visitors and residents alike. My administration is committed to creating more livable communities and building a brighter future in Upstate New York." Gloversville's downtown is distinguished by its unique character, historic architecture, renowned arts and cultural assets, parks and greenspace, and rich sense of community. Recent investments within and around Gloversville's compact, walkable downtown have made the area ripe for revitalization. These investments are part of the Governor's ongoing efforts to revitalize the upstate economy and create more opportunities in the Mohawk Valley. Gloversville was named a DRI Round 5 winner in 2021. In addition to awarding grants for catalytic community investments, the Downtown Revitalization Initiative, led by the Department of State, provides technical assistance to participating communities as they develop a Strategic Investment Plan and identify projects to revitalize their downtown areas. Read the full press release here.
learn more
Press Release

Wednesday, November 23, 2022 - 3:18pm
First Batch of Approved Awards Include 74 Shovel-Ready Projects Full List of Awardees Thus Far Available Here Governor Kathy Hochul today announced that more than $68 million has been awarded to support 74 projects across New York State through the Regional Economic Development Council initiative. Round XII included core capital grant and tax-credit funding from Empire State Development, which was made available on a continuous and competitive basis to support the immediate needs of communities. Funding will support impactful projects that align with each region's strategic goals. The application for Empire State Development Grant funds remains open, and applications are being reviewed on an on-going basis until funds are exhausted. Applicants with strong, shovel-ready projects that align with the state and region's economic development priorities can apply through the Consolidated Funding Application. "Through the Regional Economic Development Councils, we continue to make strategic investments across New York that align with each community's top priorities," Governor Hochul said. "I'm proud to announce this next round of awards that were recommended by stakeholders who live and work in the regions they represent. This investment will help bring more opportunity for New Yorkers, spur economic development, and fuel the future success of communities across our state." "New York State continues to invest in projects that will generate new investments and spark economic growth to further support our post-pandemic recovery," said Lieutenant Governor Antonio Delgado, Chair of the Regional Economic Development Councils. "Our bottom-up approach to economic development — one that is inclusive, collaborative, and regionally-focused — is working, and I've seen the results first-hand in communities across the state. This latest group of awards will further those efforts by supporting shovel-ready projects that will grow our state and regional economies more quickly." Empire State Development President, CEO and Commissioner Hope Knight said, "The Regional Councils continue be a strong economic driver for our state's economy. These awards represent projects that showcase each region's strengths and will go a long way to transform the local economies across the state." Read the full press release here.  
learn more
Press Release

Wednesday, November 23, 2022 - 1:29pm
Supporting Local Businesses Saturday, November 26, and Year-Round Strengthens Communities and Boosts Local Economies Watch Department of Labor Small Business Saturday PSA Here Empire State Development Suite of Small Business Programs Available Here Governor Kathy Hochul today alongside Empire State Development, and the Departments of Labor, Taxation and Finance, and Agriculture and Markets encouraged all New Yorkers to support their local small businesses on "Small Business Saturday" November 26, 2022. Small businesses make up 98 percent of New York State's economy and generate millions of jobs throughout the Empire State, and by choosing to shop locally Saturday, and every day, New Yorkers are investing in their neighborhoods, strengthening their communities, and keeping tax dollars within New York State. "Small Business Saturday is an opportunity for all New Yorkers to play a role in strengthening our economy, creating vibrant neighborhoods, and keeping communities connected," Governor Hochul said. "New York's small businesses are the core of our economy, and because this community was among the hardest hit at the height of the pandemic, my administration has been squarely focused on its recovery. I encourage New Yorkers to take advantage of all that these businesses have to offer and shop locally this Saturday." Empire State Development President, CEO and Commissioner Hope Knight said, "Every time you visit your favorite restaurant or gift shop and buy something new, you are supporting a local small business. Small businesses are the fabric of our communities and when they thrive, we all thrive. ESD has continued to offer support to our small and micro businesses through many programs during the pandemic and beyond but we cannot do it alone—the support of everyday customers is integral, and we encourage New Yorkers to shop your local small businesses this Saturday, and every day." New York State Labor Commissioner Roberta Reardon said, "Small businesses are the cornerstones of communities. By shopping at these businesses, we are supporting families, jobs, and New York State's diverse economy. I encourage New Yorkers to shop small and shop often this Small Business Saturday and throughout the entire holiday season." Department of Taxation and Finance Acting Commissioner Amanda Hiller said, "Small businesses were hit hard during the pandemic and are only now beginning to recover. To aid that process, the state has a full array of business tax credits and incentives. I urge small business owners to explore these credits and incentives on our website. I also encourage New Yorkers to shop small this weekend and throughout the year." State Agriculture and Markets Commissioner Richard A. Ball said, "New York is home to more than 33,000 family farms that produce world-class food and beverages products. Our hardworking farmers take great pride in feeding their neighbors and fellow New Yorkers, and are truly vital to our state. This holiday season, I encourage you to give thanks for the delicious meals and thoughtful gifts you share with family and shop local to support your community's producers." Small Business Saturday celebrates the entrepreneurial spirit of small business owners and invites shoppers to visit local stores at the beginning of the busy holiday shopping season. The small business sector is a major contributor to the foundation of New York's economy, employing more than 40 percent of New York's private sector workforce. Today, New York State has more than 549,000 small business firms, employing more than three million people. Read the full press release here.
learn more