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

Tuesday, March 5, 2019 - 1:58pm
Governor Andrew M. Cuomo today announced the opening of the new $21.5 million Doubletree by Hilton hotel in downtown Jamestown. The Downtown Revitalization Initiative project, located at 150 W 4th Street in the heart of the city, returns a full-service hotel to Jamestown, re-imagines an important downtown building, and supports major recent investments such as at the new National Comedy Center, Lucy Desi Museum and the Reg Lenna Center for the Arts. "As a thriving destination with countless attractions, Jamestown's revitalization continues with the addition of much-needed lodging to support the booming local economy," Governor Cuomo said."This Downtown Revitalization Initiative project will create jobs and support local business and tourism by drawing even more visitors to the region." "The Downtown Revitalization Initiative is part of our administration's unprecedented commitment to investing in communities across New York State," said Lieutenant Governor Kathy Hochul. "With the Comedy Center attracting people from across the globe, a new full-service hotel is a natural fit for the City of Jamestown. This DRI investment will help Western New York continue to thrive, and further strengthen the growing regional tourism economy." Read the full press release here. 
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Press Release

Tuesday, March 5, 2019 - 1:24pm
Investment Complements “Finger Lakes Forward” – The Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy Empire State Development (ESD) today announced that high-tech tool manufacturer and fabricator Amada Tool America is expanding operations in Batavia, Genesee County, and plans to create 17 new jobs; 68 jobs will also be retained. New York State has offered up to $150,000 through the Excelsior Jobs Tax Credit program in exchange for those job creation commitments. The total project cost has been placed at $8.8 million. Empire State Development President, CEO & Commissioner Howard Zemsky said, “Amada Tool America’s decision to expand in Genesee County, creating new high-tech manufacturing jobs and opportunity in the Finger Lakes region, reflects the success of our strategic support for growing and revitalizing the Upstate economy.” Amada Tool America is expanding its 53,000-square-foot plant located on Treadeasy Avenue in Batavia by up to19,000 square-feet at a cost of $2.3 million The company will also invest $6.5 million in new machinery and equipment at the site.  Already underway, the company expects the project will be completed in 2019. The Genesee County Economic Development Center (GCEDC) is also assisting with this expansion. Ed Dries, COO of Amada Tool America, Inc, said, “We are excited about expanding our local operations here in Upstate New York. I am extremely thankful to the state of New York, Genesee County, GCEDC and the City of Batavia for their coordinated help in bringing the project to fruition. We look forward to a successful new product launch, with production starting in January of 2020.” Founded more than 70 years ago, the Amada Group is one of the leading international machine tool manufacturers with nearly 8,000 employees worldwide, and North American operations in the United States, Canada and Mexico. The company manufactures and offers sheet metal fabricating equipment and automation, tooling (at the Batavia location), and software to its clients worldwide. State Senator Michael H. Ranzenhofer said, "I applaud Amada Tool America for investing millions of dollars and creating new jobs. This expansion is helping to grow our local economy and create new jobs for residents in Genesee County.” State Assemblyman Steven Hawley said, “It is exciting to see homegrown American manufacturing like Amada Tool expanding and creating jobs here in Western New York. The manufacturing sector is a vital part of economic growth as it empowers farming and agriculture, the trades, and a host of other industries. Genesee County has cemented itself as a premiere hub of manufacturing, business and agriculture in our state and I look forward to even more businesses locating and expanding in our community.” Batavia City Council President Eugene Jankowski Jr. said, "Thank you Amada Tool America for the creation of 17 new jobs and major investment in their Batavia, NY location. This project acknowledges Western New York, Genesee County and Batavia have the talent and the resources necessary to support their continued growth. " Steven G. Hyde, GCEDC President & CEO said, “This investment being made by Amada North America, an international manufacturing company, demonstrates that Upstate New York, and specifically Genesee County, can compete in the global economy.  This investment also demonstrates that Governor Cuomo’s strategy and plan for bringing advanced manufacturing jobs and capital investments to the Finger Lakes region is working.  We want to thank Amada North America for their confidence, support and investment in our community.” For more information about Amada North America, click here. Accelerating Finger Lakes Forward  Today’s announcement complements “Finger Lakes Forward,” the region’s comprehensive blueprint to generate robust economic growth and community development. The State has already invested more than $6.1 billion in the region since 2012 to lay the groundwork for the plan – investing in key industries including photonics, agriculture‎ and food production, and advanced manufacturing. Today, unemployment is down to the lowest levels since before the Great Recession; personal and corporate income taxes are down; and businesses are choosing places like Rochester, Batavia and Canandaigua as a destination to grow and invest in. Now, the region is accelerating Finger Lakes Forward with a $500 million State investment through the Upstate Revitalization Initiative, announced by Governor Cuomo in December 2015. The State’s $500 million investment will incentivize private business to invest well over $2.5 billion – and the region’s plan, as submitted, projects up to 8,200 new jobs. More information is available here. ​   Contact: Shari Voorhees-Vincent | Shari.Voorhees-Vincent@esd.ny.gov | (585) 399-7055 Press Office | pressoffice@esd.ny.gov | (800) 260-7313
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Board Meeting

Tuesday, March 5, 2019 - 11:00am
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Press Release

Tuesday, March 5, 2019 - 10:44am
The Workshops Support “CNY Rising” – The Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy In the coming weeks, the Central New York Regional Economic Development Council (CNYREDC) will hold six workshops which will  help interested applicants learn more about New York State economic and community development funding available, and the most effective ways to secure that funding for future projects. At these forums, interested potential applicants can find out if their projects would be eligible for funding programs and will receive instruction about the overall process, as well as advice on how to complete a competitive application for securing available funding. “As the council continues its CNY Rising mission to help grow the regional economy, we think it is extremely important to make sure that anyone interested in investing and growing their business here has easy access to information about available resources and funding,” said Central New York REDC Co-Chair Randy Wolken, President & CEO of the Manufacturers Association of Central New York (MACNY). “Through these workshops, businesses and investors can receive immediate feedback to their questions and gain a better understanding of the process, which can further strengthen their funding application.” The schedule of Public Forums is as follows: Auburn NY-Monday March 11th 3 PM-5 PM Cayuga Economic Development Agency 2 State Street Auburn, NY 13021 Please RSVP via phone or email. Email: Daniel.kolinski@esd.ny.gov Phone: 315-793-5445 Cortland NY-Wednesday March 20th 9 AM-11 AM Port Watson Mini-Conference Center 131 Port Watson Street Cortland, NY 13045 Please RSVP via phone or email. Email: Daniel.kolinski@esd.ny.gov Phone: 315-793-5445 Syracuse NY –Monday March 25th   5 PM-7 PM Northeast Community Center 716 Hawley Avenue Syracuse, NY 13203 Please RSVP via phone or email. Email: Daniel.kolinski@esd.ny.gov Phone: 315-793-5445 Syracuse NY –Tuesday March 26th 5 PM-7 PM South Side Innovation Center 2610 South Salina Street Syracuse, NY 13205 Please RSVP via phone or email. Email: Daniel.kolinski@esd.ny.gov Phone: 315-793-5445 Madison County NY- Tuesday April 2nd 5 PM-7 PM Madison County Career Center 133 North Court Street Wampsville, NY 13163 Please RSVP via phone or email. Email: Daniel.kolinski@esd.ny.gov Phone: 315-793-5445 Oswego NY- Thursday, April 4th 10 AM-12PM Lake Ontario Event and Conference Center 26 E 1st Street Oswego, NY 13126 Please RSVP via email or phone. Email: Daniel.Kolinski@esd.ny.gov Phone: 315-793-5445 At each forum, interested applicants will learn about Central New York regional priorities and the overall REDC funding process, receive first-hand assistance, and take part in a question and answer session. For More information about the CNYREDC potential project forums, click here. Accelerating Central NY Rising Today's announcement complements “Central NY Rising,” the region’s comprehensive blueprint to generate robust economic growth and community development. The State has already invested more than $4.7 billion in the region since 2012 to lay the groundwork for the plan – capitalizing on global market opportunities, strengthening entrepreneurship and creating an inclusive economy. 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 Syracuse, Oswego and Auburn as a destination to grow and invest in. Now, the region is accelerating Central NY Rising 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 5,900 new jobs. More information is available here.     Contact: Shari Vincent | Shari.Vincent@esd.ny.gov| (585)399-7055 | (800) 260-7313 Press Office | PressOffice@esd.ny.gov | (800) 260-7313
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Press Release

Monday, March 4, 2019 - 2:30pm
The Southern Tier Regional Economic Development Council (STREDC) today announced that Judy McKinney Cherry, Executive Director, Schuyler County Partnership for Economic Development (SCOPED), has been appointed as Co-Chair of the Council, effective immediately. McKinney Cherry replaces Tom Tranter, President of Corning Enterprises, who served as the business Co-Chair since the council’s inception in 2011. McKinney Cherry joins academic Co-Chair Harvey Stenger, as the STREDC continues working to grow the economy in the eight county Southern Tier region which includes: Broome, Tioga, Chenango, Delaware, Chemung, Schuyler, Steuben, Tompkins counties. “The Regional Economic Development Council process has invested in projects to revitalize communities, attract high-tech businesses, and improve the economy and quality of life in the Southern Tier,” said Lieutenant Governor Kathy Hochul, Chair of the statewide Regional Economic Development Councils. “With the appointment of Judy McKinney Cherry as the new co-chair of the Southern Tier REDC, the council will continue to work together with leaders in academia, business and nonprofits to ensure continued economic growth and success across the region.” Judy McKinney Cherry, Executive Director SCOPED said, “I am honored and grateful to Governor Cuomo for this appointment to serve as co-chair of the Southern Tier Regional Economic Development Council.  I look forward to working with Harvey Stenger, and all of the team members who have done a fantastic job since the governor convened these councils in 2011.  I would also like to thank Tom Tranter for his incredible commitment to the council and to our community. We are all better off for his having worked on our behalf. We have important work ahead ensuring continued economic prosperity as the region continues to soar.” STREDC Co-Chair, Binghamton University President Harvey Stenger said, “Tom Tranter’s leadership on behalf of our region has been extraordinary in its impact. For eight years, his dedication, vision, and drive have been at the heart of the STREDC.  Our success as a council has been grounded in his belief that the collaborations at and beyond our table are key to driving real, lasting economic opportunity in our community. On behalf of the entire council, I thank Tom for his exemplary service. I am also delighted to welcome Judy as the new STREDC co-chair.  Her commitment to Southern Tier economic development initiatives and optimism about our future will lead to our continued success." Tom Tranter, President of Corning Enterprises said, "It was an honor to serve as a co-chair for the STREDC for the last eight years. Governor Cuomo developed an excellent program for economic development and it has attracted many dedicated people working to make the Southern Tier stronger.  We have made significant headway on a number of projects, laying a solid foundation for the region. I believe that the future is bright.” McKinney-Cherry, who has served as a member of the STREDC since 2015, currently is a member of the Council’s Executive Committee and serves as a Co-Chair for the Upstate Revitalization Initiative Innovation Cultures Committee. McKinney Cherry previously  served as the principal of New Growth Strategies (NGS), a boutique consulting firm specializing in innovative business strategies for private, public and not-for-profit sectors. Judy is a certified professional economic developer with over 20 years of experience in the combined areas of demography, information technology, Geographic Information Systems, economic development strategy & tactics, community-based services and health-related non-profit. Judy also previously served in the State of Delaware Governor’s Cabinet for six years as Director of Economic Development. For more about McKinney-Cherry, click here. The REDC process has transformed New York State government’s approach economic development, creating a statewide framework for bottom-up, regional economic growth and streamlining the state funding application process. Through eight rounds of the REDC competition, the STREDC has delivered $613.3 million for 655 projects. To learn more about the STREDC, visit https://regionalcouncils.ny.gov/southern-tier. 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.   Contact: Shari Voorhees-Vincent | Shari.Voorhees-Vincent@esd.ny.gov | (585) 399-7055 Press Office | pressoffice@esd.ny.gov | (800) 260-7313
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Blog Post

Monday, March 4, 2019 - 2:02pm
Building a better battery with more storage and a longer shelf life has long been the goal of traditional battery research. But to develop and mass produce batteries that are greener and more affordable takes the kind of supercharged effort that’s underway in New York State. In the state’s Southern Tier, the development of new battery technology for electric vehicles and energy storage – fueled by innovative support and partnerships – has contributed to a larger cleantech boom throughout the region that advances Governor Cuomo’s plan to make New York’s electricity 100 percent carbon neutral by 2040.
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Press Release

Monday, March 4, 2019 - 1:30pm
ROOST President James​ McKenna Succeeds Garry Douglas, North Country Chamber of Commerce President, as Business Co-Chair Dr. Ty Stone, Jefferson Community College President, Succeeds Clarkson University President Dr. Anthony G. Collins as Academic Co-Chair The North Country Regional Economic Development Council (NCREDC) today announced that James McKenna, CEO of the Lake Placid-based Regional Office of Sustainable Tourism (ROOST) and Dr. Ty Stone, Jefferson Community College President, have been appointed Co-Chairs of the Council. They succeed Garry Douglas, North Country Chamber of Commerce President, and Dr. Anthony G. Collins, Clarkson University President, who served as Co-Chairs since the inception of the regional councils in 2011. "The Regional Economic Development Council process has invested in projects to revitalize communities, attract more visitors, and improve the economy and quality of life in the North Country," said Lieutenant Governor Kathy Hochul, Chair of the statewide Regional Economic Development Councils. "With the appointment of Jim McKenna and Dr. Ty Stone as the North Country REDC’s new co-chairs, the council will continue to work together with leaders in academia, business and nonprofits to ensure continued economic growth and success across the region." NCREDC Co-Chair and ROOST CEO James McKenna said, "It has been my privilege to serve on the North Country Regional Economic Development Council, and I'm honored to assume one of the Council Co-Chair positions. Over the past eight years, the Council's collective efforts have supported sustainable economic growth by encouraging new investments and job creation across the North Country, and I look forward to working with Dr. Stone to ensure that we continue to build on that momentum." NCREDC Co-Chair and Jefferson Community College President Dr. Ty Stone said, "I’m honored to be named as co-chair of the NCREDC and look forward to working with James McKenna to continue the important work in bringing attention to and securing resources for critical economic and workforce development initiatives in North Country. Our region has institutional assets that — when appropriately connected, leveraged, and resourced — are poised to make significant advancements and contributions to our economy and community. I am excited to engage our college and our community in this essential work." Garry Douglas, North Country Chamber of Commerce President, said, "Having the opportunity to join with Tony Collins in leading a great team from across the region to engage in economic development in an entirely new way was a privilege and an honor. It's easy to lose sight after eight years of just how much Governor Cuomo changed things for us, empowering us to set our own strategies and trusting us to establish our own priorities. Most of all, the REDC process brought the seven county North Country together in common purpose and partnership, bringing benefits to this region on a routine basis through shared support. My thanks to the Governor for his confidence these past eight years, to Tony Collins for the remarkable experience of working with him as a true partner, and to all the REDC members and volunteers for all their teamwork. And finally, best wishes to our successors who I know will lead the process to further heights."   Dr. Anthony G. Collins, Clarkson University President, said, "Eight years ago, Governor Cuomo introduced a ground-breaking approach to economic development that leveraged the unique attributes of each region in the Empire State. Through unprecedented public participation across communities and sectors, the North Country created a sustainable shared vision that has elevated global recognition of our region as one of the special places on the planet to visit, live, work and study. With Garry Douglas – who I met for the first time through this process – we are grateful to all the NCREDC board members, elected representatives, agency staff and community citizens who have advanced innovative workforce opportunities and invigorated the quality of life here and for all New Yorkers." For the past 37 years, Mr. McKenna has served as the President and CEO of ROOST, a 501(c)(6) not-for-profit corporation that promotes regional tourism and economic growth in Lake Placid and the Adirondacks. He represented the Village of Lake Placid at nine Olympic Winter Games and continues to deliver national and international presentations about the region's Olympic heritage, while serving as a founding delegate to the World Union of Olympic Cities. Mr. McKenna engineered the formation of ROOST and supports its efforts to balance strategic tourism marketing with destination planning initiatives to encourage sustainable economic growth for the region. Dr. Stone began her tenure as the sixth president of Jefferson Community College in July 2017. She holds a doctorate in organization and management from Capella University, a master’s in business administration from Trinity University, and a bachelor’s degree in business administration from Columbia Union College. Prior to joining Jefferson, Dr. Stone served as vice president for strategic initiatives at Sinclair Community College in Ohio, where she was recognized for leading the innovative and successful Enrollment by Design initiative. Dr. Stone has recognized the importance of partnerships as cornerstones of a viable community throughout her career and continues to develop strong ties with leaders of various disciplines in the North Country through volunteer work and board participation. Through eight rounds of the REDC initiative, the North Country has secured $614.3 million in state funding to support more than 600 projects. The NCREDC is composed of Clinton, Essex, Franklin, Hamilton, Jefferson, Lewis and St. Lawrence counties. For more information about the NCREDC, please visit regionalcouncils.ny.gov/north-country. About the Regional Economic Development Councils The Regional Economic Development Council (REDC) initiative is a key component of Governor Cuomo’s approach to State investment and economic development. In 2011, Governor Cuomo established 10 Regional Councils to develop long-term strategic plans for economic growth for their regions. The Councils are public-private partnerships made up of local experts and stakeholders from business, academia, local government, and non-governmental organizations. The Regional Councils have redefined the way New York invests in jobs and economic growth by putting in place a community-based, bottom up approach and establishing a competitive process for State resources. After eight rounds of the REDC process, more than $6.1 billion has been awarded to more than 7,300 job creation and community development projects consistent with each region’s strategic plans, projecting to create and retain more than 230,000 jobs. For more information on the Regional Councils, visit www.regionalcouncils.ny.gov.   Contact: Adam Ostrowski | adam.ostrowski@esd.ny.gov | (518) 292-5148 ESD Press Office | pressoffice@esd.ny.gov | (800) 260-7313
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Blog Post

Wednesday, February 27, 2019 - 1:02pm
The Capital Region’s “Tech Valley” has become a globally recognized hub for nanotechnology—and a recent announcement by IBM will help to build even further on that reputation.  Earlier this month, New York State and IBM announced a research partnership to create an Artificial Intelligence (AI) Hardware Center at the SUNY Polytechnic Institute campus in Albany. The AI Hardware Center, home to AI-focused computer chip research, prototyping, testing and simulation, is part of the company’s $2+ billion investment at the Albany campus and at the IBM Watson Research Center at Yorktown Heights. New York State will also partner with Rensselaer Polytechnic Institute (RPI) to support the project, which will draw other high-tech companies to become members of the AI Hardware Center. Initial member companies include Applied Materials, Samsung and Tokyo Electron Limited (TEL).  The research partnership between New York State and IBM will have innovative and educational impacts to the SUNY campuses, at Albany and beyond, with IBM planning to invest in SUNY-wide artificial intelligence-related research—at least $30 million in both cash and in-kind contributions—with a SUNY match of up to $25 million. IBM will also continue to partner and grow, through at least 2023, with SUNY Poly’s Center for Semiconductor Research. The AI Hardware Center is part of a newly created ESD and SUNY partnership—the New York Center for Research, Economic Advancement, Technology, Engineering and Science (NY CREATES)—that is leading projects to grow the state’s high-tech economy. NY CREATES is streamlining management of SUNY Poly’s economic development portfolio and ensuring the integrity, transparency and accountability of state-supported tech projects. A 2018 Georgetown University report recently confirmed the Tech Valley’s draw as a high-tech R&D destination, citing more than 60,000 jobs in the region that are attributable to nanotechnology.
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Blog Post

Wednesday, February 27, 2019 - 12:56pm
Companies are continuing to move and expand in New York State, across industries and regions, bringing jobs and opportunities. A snapshot of some of those moves over the past three months captures diverse growth and a testament to all that New York has to offer. Diageo: The British-based company is investing $31 million to relocate its main North America office to New York City. The new 87,000-square-foot office, at 3 World Trade Center, will attract 350 new jobs and host an estimated 500 total jobs. Diageo, one of the world’s largest alcohol beverage companies, was named in 2018 by Thomson-Reuters as one of the top 25 most diverse and inclusive companies for the third year in a row.   Rochester Precision Optics: The manufacturer of high precision lenses and optic systems is expanding its headquarters, incorporating the relocation of an Infrared R&D company and the addition of a new 20,000-square-foot facility. The new space in the Town of Henrietta will add more than 200 jobs in Monroe County, retain 275 jobs and allow for growth in production across divisions, including plastics, glass coating, diamond turning and IT. The company’s $20+ million expansion reinforces the Finger Lakes as a hub for optics, photonics and imaging.   LiDestri Food and Drink and Crop’s N.V.: Two established food companies are partnering in a new company at Rochester’s Eastman Business Park, to manufacture ready-to-eat meals at a new 65,000-square-foot-facility. Crops N.V., a Belgium-based manufacturer and distributor of frozen food, and LiDestri Food and Drink, a manufacturer of pasta sauces, dips and salsa are joining forces in the $51.3 million project that will create 123 new full-time jobs over the next five years and retain 900 at LiDestri’s two Finger Lakes locations.  Byrne Dairy’s Ultra Dairy: Groundbreaking in December for Byrne Dairy’s $24 million Ultra Dairy plant is just the first phase in a three-phase company expansion. The $125 million plan calls for adding 42,000 square feet to the Onondaga County plant, increasing the space for processing and storage, and will add nearly 250 new jobs—all of which adds to the growth of New York State’s agriculture industry. Byrne Dairy, a fourth-generation, family-owned business, was founded in 1933 and operates four production facilities in Central New York.
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Blog Post

Wednesday, February 27, 2019 - 12:47pm
Three recent announcements highlighting medical research, a sports arena and growth in job opportunities for newcomers, reflect a bigger picture of growth in Utica—and in the greater Mohawk Valley. The city has been home to the Masonic Medical Research Institute (MMRI), a renowned cardiac research center, for the past 60 years. MMRI, which continues to attract top life science talent from top-tier universities and from around the world to the area, is in the midst of a $25 million, multi-year project that continues its transformation as a 21st century facility for interdisciplinary and translational research. MMRI is expanding its research focus beyond cardiovascular disease to include finding new treatments for neurogenerative disease, autoimmunity, diabetes and cancer. Just last month, ESD announced an additional $6 million Life Science Award that will allow creation of a state-of-the-art laboratory to continue research and help speed the development and movement of therapeutic approaches into in clinical trials.    
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