Regeneron: a global leader in biotech innovation

How does a biotechnology firm become a global leader, with multiple medications on the market and a solid reputation for innovative solutions that help it break through...

Regeneron: a global leader in biotech innovation

How does a biotechnology firm become a global leader, with multiple medications on the market and a solid reputation for innovative solutions that help it break through...

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Public Notice

Tuesday, October 19, 2021 - 6:00pm
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Public Notice

Friday, October 8, 2021 - 1:30pm
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Board Meeting

Monday, September 27, 2021 - 11:00am
In accordance with recently passed Legislation, this meeting will be conducted via teleconference. The public may listen to the meeting via webcast link below. Members of the public may submit comments on agenda items in writing to [email protected] by 5:00 p.m. on Friday, September 24.
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Press Release

Wednesday, September 22, 2021 - 2:50pm
Global Company to Move into Repurposed Historic Aqueduct Building Alongthe Genesee River  $82 Million Investment Further Supports Efforts to Revitalize Rochester's Urban Center Through Investments in the ROC the Riverway Initiative and in the Downtown Innovation Zone Project also Supported with "Finger Lakes Forward" Grant to Begin Construction on Aqueduct Reimagined Project Governor Kathy Hochul today announced that Constellation Brands, a leading beverage alcohol company, will relocate its headquarters, currently based in Victor, Ontario County to the historic Aqueduct Building located along the Genesee River in downtown Rochester. The Fortune 500® company will invest approximately $50 million to renovate five buildings on the Aqueduct campus located between East Main and Broad streets, across from Blue Cross Arena at the Community War Memorial. Purchased in March of 2020, the property developers plan to invest an additional $30 million at the 170,000 square-foot riverfront campus. The transformative project will also involve the construction of a 120-space parking structure, and qualified historic restoration of the Aqueduct buildings' windows and other architectural features. Constellation Brands expects to create more than 80 new local jobs as part of the project in addition to the more than 340 jobs that will move to the Aqueduct location, while roughly 200 employees will continue to be based out of the Canandaigua office. The company expects to be operational at the historic waterfront facility In the Spring of 2024.  "Constellation Brands' exciting decision to expand its regional operations and establish its new headquarters in downtown Rochester will help to further advance our efforts to create new, good-paying jobs and a thriving city center," Governor Kathy Hochul said. "Downtown Rochester's Innovation Zone is already home to some of the most talent-rich companies in the world. This transformative project at the historic Aqueduct Building will also help to maximize our $50 million ROC The Riverway efforts, which are reimagining and transforming the waterfront along the beautiful Genesee River, helping Rochester to thrive for generations to come." Read the full press release here.
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Board Meeting

Monday, September 20, 2021 - 11:30am
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 4:30 pm on Friday, September 17, 2021.
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Press Release

Wednesday, September 15, 2021 - 1:12pm
Part of State's $40 Million Commitment to Promote and Rebuild Tourism Industry New Tourism Spot Can Be Viewed Here Empire State Development today announced the launch of the state's new fall tourism campaign, showcasing some of the great seasonal activities available for visitors and residents alike in New York State. The new spot is part of the previously announced $40 million global tourism campaign aimed at revitalizing the state's tourism industry, which was greatly impacted by COVID-19. The campaign will run on digital outlets and broadcast television across New York State and northeast markets, and drives viewers to the I LOVE NY website for the multitude of destinations ready for exploration as part of their next New York State getaway. Empire State Development Chief Operating Officer and Executive Deputy Commissioner Kevin Younis said, "Tourism is vital to our state and regional economies, generating revenue and supporting jobs in communities from Montauk to Niagara Falls. As the industry rebuilds from the pandemic's devastating effects, marketing efforts like our new seasonal campaign support tourism's recovery by encouraging visitors to plan a trip to experience the attractions, events and destinations that are uniquely New York." Empire State Development Vice President and Executive Director of Tourism Ross D. Levi said, "Nothing tops a fall getaway in New York State. From scenic boat and train rides to Halloween fun, and from winery and craft beverage tours to some of the best foliage watching in the world, the cooler weather makes outdoor recreational activities even more enjoyable. The air is crisp, the colors spectacular and the cider and donuts waiting, so we invite everyone to come be a part of New York State this fall." The new spot showcases one of New York’s most popular travel seasons and the ability to enjoy activities and attractions with the backdrop of the picturesque palette of colors created by the state’s unparalleled fall foliage. New York State is known for having one of the longest and most colorful foliage seasons in the country, thanks in part to its size and location. The spot introduces new ways and places to experience and explore this popular pastime, like a hot air balloon ride over Letchworth State Park, renowned as the Grand Canyon of the East, or a zipline over the colorful canopy of trees in the Catskills. The spot also features the Ithaca Farmers Market, one of many located across the state that showcase the bounty of the county with seasonal favorites like New York-grown apples, artisan cheeses, locally-harvested vegetables and freshly baked treats. Family-owned farms like Springside Farm in Onondaga County offer opportunities to pick your own pumpkins, navigate through a corn maze, and spend time with farm animals at the petting zoo. Visitors are also encouraged to explore the spookier side of the season with events like the Great Jack O'Lantern Blaze in the Hudson Valley, which features more than 7,000 illuminated and hand-carved pumpkins arranged in unique and impressive displays. The new campaign coincides with I LOVE NY's popular fall foliage reports, which are issued each week using the on-location field observations from more than 85 volunteer leaf peepers across the state's 11 vacation regions. The reports track color change and progression, and include predominant leaf colors and approximate percentage of change. New this year, I LOVE NY is introducing an enhanced, interactive map that tracks weekly foliage change and progression across the state throughout the season. Located on the I LOVE NY foliage website, the map showcases great foliage viewing locations in each of the various regions throughout the state. Visitors can also use the map to see what the foliage is like during peak viewing in a given area, and learn about nearby, must-see attractions.  Reports and the new interactive map are updated Wednesdays throughout the season at www.iloveny.com/foliage. Reports are also available toll-free by dialing 800/CALL-NYS (800/225-5697) from anywhere in the U.S., its territories and Canada. To find out more and to start planning a fall getaway, click here. Additional information on attractions and destinations across New York State can be found here. About Empire State Development Empire State Development 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 Governor Hochul’s Regional Economic Development Councils and the marketing of "I LOVE NY," the State’s iconic tourism brand. For more information on Regional Economic Development Councils and Empire State Development, visit www.regionalcouncils.ny.gov and www.esd.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. Contact: ESD Press Office | [email protected] | (800) 260-7313
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Press Release

Wednesday, September 15, 2021 - 9:57am
20 Startups from Across the Globe will Compete to Win a Combined Total of $3 Million in Prize Money Competition is Funded Through Upstate Revitalization Initiatives - Finger Lakes Forward, CNY Rising and Southern Tier Soaring - Regional Comprehensive Strategies to Revitalize Communities and Grow the Economy Empire State Development (ESD) today announced the 20 finalists selected to take part in round three of Grow-NY, a food innovation and agriculture technology business challenge focused on enhancing the emerging food, beverage and agriculture innovation cluster in Central New York, the Finger Lakes, and the Southern Tier. In total, 330 startups from around the globe applied this year in the hopes of participating in the mentoring competition. The Grow-NY region includes a broad 22-county swath featuring Upstate New York's farming community as well as several major urban centers, including Rochester, Syracuse, Ithaca and Binghamton. Cornell University’s Center for Regional Economic Advancement administers the competition and New York State is providing funding for the Grow-NY competition through the Upstate Revitalization Initiative connected with the three regions – CNY Rising, Finger Lakes Forward and Southern Tier Soaring. The winner will be required to make a positive economic impact in the Grow-NY region. "Round three of the Grow-NY business competition has once again attracted a group of exceptional startups and entrepreneurial talent from around the world”, said Empire State Development Chief Operating Officer and Executive Deputy Commissioner Kevin Younis. “Through this competition, New York State continues its dedicated, focused effort to support agriculture innovation that will create jobs and grow the Central New York, Finger Lakes, and Southern Tier economies." State Agriculture Commissioner Richard A. Ball said, “The Grow-NY competition is an exciting opportunity for so many of these start-up businesses that are innovating and changing the future of agriculture. The finalist selected in this round are investing in cutting-edge technology and smart solutions to help various sectors of the industry to increase their profitability and optimize production, helping to support our farmers and the continued success of New York agriculture.” This year’s Grow-NY competition attracted applications from 32 countries including Singapore, Israel, and Switzerland. In the U.S., 23 states were represented, including 138 entries from New York. 44% of applicants included a female founder and 51% included a founder from an underrepresented minority group, which is a significant increase from last year’s applicant pool. A panel of 30 independent judges, reflecting a depth and breadth of agriculture, food production, and entrepreneurial expertise, reviewed all the applications to determine the top 20 finalists that will pitch their business plans at the Grow-NY Food and Ag Summit this November. Grow-NY will award a total of $3 million in prize money to seven winners. This includes a $1 million top prize, two $500,000 prizes and four $250,000 prizes. “In our third year, Grow-NY has matured to become globally recognized, attracting best-in-class innovators and putting Upstate NY at the top of the list for food and ag startups worldwide. Each year Grow-NY breaks its own record for applications, and having more startups - and a more diverse group of startup founders – apply, means that we are attracting international entrepreneurs, female founders, and minority-owned businesses,” said Jenn Smith, Program Director, Grow-NY. “With this positive evolution, one element that continues to grow is the strength of our region’s agrifood innovation ecosystem, and the incredible support the program and our finalists get from our Grow-NY Partner Group. We are humbled and grateful to work with such dedicated experts from industry, government, and academia.” The 20 selected finalists include: Agri-trak, Williamson, N.Y. - Agri-Trak is a farm management application suite, developed especially for the apple industry. The suite includes customizable modules that provide real-time information in easy-to-read widgets allowing farms to make daily data-informed decisions. Asarasi, Katonah, N.Y. - Asarasi recovers the wasted 97% maple water by-products of the maple industry, providing a sustainable alternative to traditional bottled water and helping family farms double their profits on their existing maple crops. Ascribe Bioscience, Ithaca, N.Y. - Ascribe Bioscience uses naturally occurring signaling molecules from the soil microbiome to produce a novel class of broad-spectrum, non-toxic biopesticides that prime the plants' immune systems to enhance resistance to pathogens and increase crop yields. Beemunity, New York City, N.Y. - Beemunity uses microparticle detoxification to provide solutions that protect and preserve pollinator species, changing the impacts of agrochemicals, preserving pollinator species for future generations. Crystal Creek Organics, Rochester, N.Y. - Crystal Creek has a patented process that converts soluble phosphorus in dairy farm manure into by-product that can be sold to generate additional revenue. The remaining, phosphorus-free liquid is left on the farm, dramatically lowering the farm’s spreading costs. Draughtlab, Webster, N.Y. - DraughtLab produces high-quality sensory tools for every level of sensory expertise, offering practical and approachable sensory analysis solutions that deliver real-world value to companies of any size. EmGenisys, Houston, TX - Emgenisys is a state-of-art embryo health assessment platform that provides the most comprehensive embryo evaluation system, improving pregnancy outcomes of assisted reproductive technologies in livestock. Every Body Eat, Chicago, Ill. - Every Body Eat makes, markets, and sells delicious food that is free from the most common 14 allergens, corn, and sugar so that people can enjoy it, together, regardless of dietary restrictions or preferences. Foodnerd, Buffalo, N.Y. - Foodnerd creates positively processed food with a purpose from plant-based foods. Their sprouting process maintains or increases increase the nutritional content found naturally in food, rather than degrading it. Heat Inverse, Ithaca, N.Y. - Heat Inverse has developed a photonic metamaterial that offers cooling solutions with none of the energy input or waste heat associated with conventional cooling—it has the power to revolutionize cooling technologies in agriculture and food production. Kyomei, Oxford, UK - Kyomei is making fundamental breakthroughs in animal protein production via plant-based delivery systems at scale, utilizing innovative chloroplast transformations to turn plant structures into animal proteins. Lupii, Brooklyn, N.Y. -  Lupii is unleashing the power of the small‑but‑mighty Lupini bean and disrupting the snack and meal bar category with its first snack-size line of flavors. Lupii Bars, the most unique, vegan protein bars on the block, offers one of the first whole bean based bars on the market. Neupeak Robotics, Surrey, Canada - Neupeak fully autonomous berry harvesters are designed to work in all weather and lighting conditions, alongside human workers, to save farmers money by charging a fixed rate per pound of berries collected. Nordetect, Copenhagen, Denmark - Nordetect provides rapid chemical analysis for nutrients in the Agrifood industry. The company’s first product is a lab-on-a-chip test for nutrients found in soil, water, and leaf samples, aimed at optimizing the amount of fertilizer used to cultivate crops. Nutreat, Geneva, N.Y. - Nutreat is a line of low glycemic, healthy sweet snacks that leverage science-driven innovation, 100% natural, real, whole food ingredients, and a commitment to uncompromising flavor, and can be enjoyed on the go. Persistent BioControl,  Austin, TX - Persistent BioControl™ produces biocontrol nematodes that attack, kill, and multiply inside Western Corn Rootworm larvae before they damage crop yield. They are compatible with all CRW management programs, traited corn varieties, soil insecticides, and soil types. Pheronym, Davis, CA - Pheronym uses pheromones to control the behavior and development of microscopic roundworms called nematodes, offering a non-toxic, sustainable, and effective path for farmers as they transition away from conventional pesticides. ProAgni, Lavington, Australia - ProAgni ProTect is a revolutionary range of supplements and feeds for livestock that lowers methane emissions from sheep and cattle without the use of antibiotics, decreasing a producer’s environmental footprint without increasing costs. Tropos Technologies, North Tonawanda, N.Y. - Tropos uses patented air control and state-of-the-art environmental controls to offer a superior climate management system, improving sustainability, operations, and food safety standards for greenhouses and indoor farms. WeRadiate, Rochester, N.Y. - WeRadiate has a turnkey solution to improve soil quality using hardware, software, and data technology, offering a complete array of tools to create high-efficacy and high-quality compost end products at all composting sites. All finalists will receive: Dedicated mentorship from a hand-selected business advisor; Additional pitch training to hone their live pitches for the judges; Business development support and workshops to connect them to potential partners and opportunities; Introduction to the region’s leaders and resources; Networking introductions, business tours, and valuable appointments for finalist team representatives. The Grow-NY Food and Ag Summit, scheduled for November 16th and 17th in Central New York, will be held in two formats simultaneously this year, both in-person and virtually. The in-person Summit event—where finalists will pitch their business ideas live in front of an audience and answer questions from a judging panel—will be held at the OnCenter in Syracuse. The event will align closely with the latest CDC’s recommended safety guidelines to help prevent the spread of COVID-19 and the competition is prepared to make adjustments as needed. Registration is now available. To help ensure the safety of attendees and accommodate social distancing concerns, the Summit will feature a limited capacity of 500 attendees. Judges will base final award decisions on the following five criteria: The viability of the startup’s business model  The diversity, quality, and completeness of the startup team and their readiness to deliver The value that the startup offers customers  The agrifood innovation that that the startup has invented The opportunity creation potential that the startup can bring to the region To learn more about the finalists and mentors, and to learn more and register for the Summit, visit grow-ny.com. To learn more about the Cornell Center for Regional Economic Advancement, visit, https://crea.cornell.edu/ 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 regionally designed plan focuses on investing in key industries including photonics, agriculture‎ and food production, and advanced manufacturing. Now, the region is accelerating Finger Lakes Forward 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 8,200 new jobs. More information is available here. ​ 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. 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 regionally designed plan focuses on attracting a talented workforce, growing business and driving innovation. Now, the region is accelerating Southern Tier Soaring 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 10,200 new jobs. More information is available here.  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 state’s 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: Shari Voorhees-Vincent | [email protected] | (585) 399-7055 Press Office | [email protected] | (800) 260-7313
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Press Release

Tuesday, September 14, 2021 - 5:40pm
Extension from New York's Most Popular Elevated Park Creates Iconic New Pedestrian Pathway that Will Connect Penn Station and Moynihan Train Hall to West Side Destinations from Chelsea to Javits Center  $50 Million Project Complements State Investments to Enhance Midtown West Renderings Available Here   Governor Kathy Hochul today unveiled designs for a new connector that will link New York City's High Line seamlessly to Moynihan Train Hall. This will happen via Brookfield Properties' publicly accessible Magnolia Court that runs through its Manhattan West development. The proposed project will give pedestrians safe, unobstructed access to the Far West Side of Manhattan via two bridges that will connect to the 10th Avenue terminus of the High Line. A public-private partnership comprising Empire State Development, the Port Authority of New York and New Jersey, Brookfield Properties Group, and Friends of the High Line is undertaking the $50 million project, which will be completed by Spring 2023.  "Despite the challenges and difficulties presented by COVID-19, New York continues to get things done - building boldly and ambitiously to leave a lasting legacy for future New Yorkers," Governor Hochul said. "The High Line's connection to Moynihan Train Hall and other nearby attractions complements our investments in Midtown West, encourages better pedestrian access and provides New Yorkers with a truly one-of-a-kind experience. New York State remains steadfast in its commitment to building functional infrastructure that improves quality of life, promotes economic growth, and helps secure a greener Empire State."    Under the plan, the new landscaped Woodlands Bridge will extend eastward from the existing High Line parallel to 30th Street along Dyer Avenue from 10th Avenue to the mid-block between 9th and 10th Avenues, where it will connect to a second Timber Bridge which will travel north and connect into Brookfield's elevated public space on the north side of 31st Street, which terminates on 9th Avenue directly across from the Farley Building and Moynihan Train Hall. The High Line 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. Holly Leicht, Executive Vice President of Real Estate at Empire State Development said, "As New York continues to reopen and recover, our commitment to making innovative, strategic investments in areas ripe for future growth becomes an even more important part of our mission. The High Line Moynihan Connector is a catalyst for economic development, linking major New York City destinations, from Penn Station to Hudson Yards to the newly-expanded Javits Center." Read the full press release here. 
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Board Meeting

Tuesday, September 14, 2021 - 11:30am
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 4:30 pm on Monday, September 13, 2021.  
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Press Release

Tuesday, September 14, 2021 - 10:26am
Innovative Startups with Optics-, Photonics-, or Imaging-Enabled Applications Encouraged to Apply for Comprehensive Support and Funding OPI Accelerator Competition is Supported Through “Finger Lakes Forward”–The Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy         ROCHESTER, NY—Empire State Development (ESD) today announced that Luminate NY—the world’s largest business accelerator for startup companies that have optics, photonics, and imaging (OPI) enabled applications—is now accepting applications for round five of the innovative program. The accelerator brings visionary companies to the Finger Lakes Region to leverage a rich ecosystem of resources to speed the commercialization of emerging technologies within a range of industries, from quantum computing, medical devices, and LiDAR to augmented reality, robotics, and autonomous vehicles. Round five of Luminate NY will add to the more than 400 companies that have applied to participate in the accelerator based on the unique programming and support that this region has to offer. Cohort five will expand on the novel technologies that are in Luminate’s robust portfolio, which is destined to advance the OPI industry in New York State. Luminate NY is administered by NextCorps. “Luminate NY brings the most promising companies from around the world to New York, connecting them with our region’s top universities, talent, and manufacturing facilities to help them realize innovative vision,” said Empire State Development Chief Operating Officer and Executive Deputy Commissioner Kevin Younis. “This strategic investment is just one of the many ways New York is creating solid opportunities for diverse business owners, helping to highlight all of the competitive advantages that New York has to offer.” Applicants for Luminate NY must be incorporated, have at least two full-time employees, and should have proven their core technology, preferably having developed a working prototype. Once admitted, companies will receive assistance, including capital, access to comprehensive lab facilities for technology development, education, and business mentoring. Applications will be accepted now through January 10, 2022. Luminate NY is funded by the transformative Finger Lakes Forward Upstate Revitalization Initiative, a comprehensive strategy to foster economic development and revitalize communities. Located in the imaging capital of the world—Rochester, NY—the Luminate accelerator provides immediate funding paired with a six-month mentoring program to help new companies scale both their businesses and technologies. Selected applicants will compete for one of 10 available slots for cohort five. At the completion of the program, the teams will compete for a total of $2 million in follow-on funding, including a $1 million investment to the winning team and other investments totaling an additional $1 million.  Teams winning follow-on funding must commit to doing some aspect of their business operations or manufacturing in the region for at least 18 months. Dr. Sujatha Ramanujan, Managing Director, Luminate NY said, “This one-of-a-kind accelerator is helping emerging companies change the trajectory of their progress and the strength of their innovations. We encourage founders to apply to explore what Luminate can do for their business.”  The recruitment for new OPI-enabled technologies comes just two weeks before Luminate NY’s fourth cohort of companies competes for $2 million in follow-on funding during the Luminate Finals 2021.  This year due to COVID, the finals will be held virtually on September 30, 2021 beginning at 10:30 a.m. EDT via Zoom.  Finals is free to attend but registration is required.  In addition to seeing the teams compete for funding, the public will vote for their favorite startup, which will be awarded $10,000 as part of the annual New York State competition, and the public will have the opportunity to ask questions during a panel discussion on Women and Diversity in Entrepreneurship. The Finger Lakes Region is home to an incredibly rich ecosystem for forward-thinking entrepreneurs who are looking to grow their business. Rochester is home to the American Institute for Manufacturing Integrated Photonics’ Test, Assembly and Packaging facility at Eastman Business Park, the University of Rochester’s Institute of Optics, the Rochester Institute of Technology, and to more than 150 local OPI companies which employ more than 17,000 employees who are building on the region’s legacy as a global imaging leader. State Senator Jeremy Cooney said, “Rochester has been at the forefront of cutting-edge technology and innovation. Programs like Luminate NY are important to keep Rochester, and New York State, as creative leaders as our world’s economy continues to change. When startups in industries like photonics, optics, and imaging grow and prosper, so do our economy and our families.” Assembly Member Harry Bronson said, “I join the Governor in encouraging our great talented pool of young entrepreneurs to enter round five of Luminate NY. I know that the entrepreneurial spirit and creative minds of our community will provide future jobs and economic growth for our state and nation. This competition helps build a brighter future for our families.” Monroe County Executive Adam Bello said, “The Luminate NY initiative has already brought real results to Monroe County through investments in burgeoning high-tech businesses including SunDensity, Simulated Inanimate Models, and OVITZ. Our region is home to some of the best and brightest optics, photonics, and imaging minds in the world, and this program gives innovative entrepreneurs a platform to bring their ideas to the      marketplace and grow our local economy. Thank you to Empire State Development for the work they’ve done promoting and advancing the OPI industry in the Finger Lakes Region and good luck to all applicants in round five.” For additional information about Luminate NY, visit: https://luminate.org/. For additional information about NextCorps, visit: https://nextcorps.org/. 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 regionally designed plan focuses on investing in key industries including photonics, agriculture‎ and food production, and advanced manufacturing. Now, the region is accelerating Finger Lakes Forward 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 8,200 new jobs. More information is available here.​ 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: Shari Voorhees-Vincent | [email protected] | (585) 399-7055 Press Office | [email protected] | (800) 260-7313 Shannon Wojcik | Luminate | [email protected] | (585) 831-6267
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