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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Board Meeting

Thursday, October 14, 2021 - 2:00pm
In accordance with recently passed Legislation, this meeting will be conducted via teleconference. The public may listen to the meeting via webcast by clicking the link below. Members of the public may submit comments on the Agenda items in writing to [email protected] by 5:00 p.m. on Wednesday, October 13, 2021.
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Press Release

Wednesday, October 13, 2021 - 5:13pm
Empire State Development today announced the groundbreaking for the Fountainhead Group's $19 million, 195,000 square-foot warehouse and distribution center at the Schuyler Business Park in the Town of Schuyler, Herkimer County. A leader in global manufacturing, the Fountainhead Group recently celebrated its 133rd year in the Mohawk Valley, providing lawn and garden, and more recently, sanitation sprayer technology across the world. Empire State Development Chief Operating Officer and Executive Deputy Commissioner Kevin Younis said, “Manufacturing is essential to the success of the State’s economy and the Fountainhead Group has been a part of the fabric of the Mohawk Valley for over 130 years.  We are pleased that they are growing their footprint in Herkimer County and continuing to invest in the region, and we are proud to support their growth.” Dan O’Toole, President of the Fountainhead Group said, “We would to thank Empire State Development for their assistance.  The grant was instrumental to the overall capitalization of our warehouse expansion which will allow our company to continue to grow its business and employee base. “ Mohawk Valley REDC Co-Chair Dr. Marion Terenzio, SUNY Cobleskill President said, “The Fountainhead Group has a long and rich manufacturing history in the Mohawk Valley and on behalf of the Council, we are proud to support their expansion project so they can remain a valued member of the Region and continue to invest and give back to the community for many years to come.”  The Fountainhead Group will consolidate its warehouse distribution, currently operating out of three locations to one single location at Schuyler Business Park. The administrative offices will remain in New York Mills. Consolidating finished goods will allow for expanded manufacturing capabilities and will streamline operations at its New York Mills location. Empire State Development is supporting this project with a $2.4 million grant recommended by the Mohawk Valley Regional Economic Development Council during Round VIII of the Regional Council initiative. The Fountainhead Group will retain all 200 employees. State Senator Peter Oberacker said, “Manufacturing and the Mohawk Valley go hand in hand and the expansion of the Fountainhead Group in Herkimer County is further proof that we have a bright future ahead.  The Herkimer County IDA and our local government officials are to be commended for their vision and leadership in securing this public-private investment, adding to our growing economic portfolio.  With an innovative, locally owned family company like the Fountainhead Group and Herkimer County we have a winning combination and Empire State Development’s stamp of approval reinforces that assertion.” Assemblyman Brian Miller said, “I am excited to see the groundbreaking for the Fountainhead Group's $19 million, 200,000 square-foot warehouse and distribution center at the Schuyler Business Park. They have been a great employer in this community for over a century and continue to make tremendous strides in their industry. In addition, I would like to thank Empire State Development for their $2.4 million grant, supported by the Mohawk Valley Regional Economic Development Council.” Chairman of the Herkimer County Legislature Vincent J. Bono said, “We are excited to welcome the Fountainhead Group into Herkimer County and the town of Schuyler. Their name has been synonymous with quality and excellence for many years and we are pleased that they will be carrying on that tradition here in Herkimer County. We are grateful for Fountainhead’s significant investment in our region - one that will help retain and create new jobs for our residents. Congratulations, welcome and thank you to the Romano family and the employees of Fountainhead.” Town of Schuyler Supervisor Anthony Lucenti said, “The Town of Schuyler is very excited to welcome the Fountainhead Group to their new distribution center. It was truly a pleasure to work with such a professional and forward-thinking organization. I'm confident that they'll be satisfied with not only our community, but with the efforts of the entire Mohawk Valley in making this venture just one more move forward for the entire region.” 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 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 Councils and Empire State Development, visit www.regionalcouncils.ny.gov and www.esd.ny.gov. About the Fountainhead Group Found on the shelves of nearly every retailer and wholesaler, both in the US and abroad, including Ace Hardware, Walmart, Lowe’s, Home Depot, Amazon, Tractor Supply, and Orgill Hardware, The Fountainhead Group is committed to innovation, manufacturing excellence, and above all, the local community. As a multi-generational, family-owned and operated company, the roots of the Romano family’s commitment to the Greater Utica Area can be felt across their vast portfolio of philanthropic activities, their devotion to the growth of our community and opportunities for the next generation, and their commitment to providing career opportunities for the diverse population of Utica. Currently, the Fountainhead Group employs over 200 employees in their New York Mills office, warehouse, and manufacturing facilities, encompassing more than 11 languages.  
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Press Release

Wednesday, October 13, 2021 - 1:23pm
Oct. 26 Zoom Meeting will Discuss New Funding Initiative for Niagara Street, Main Street, Portage Road and Pine Avenue Empire State Development (ESD) will hold a project update on the Niagara Falls Strategic Economic Development Fund, a new funding initiative to spur investment on targeted commercial areas along Niagara Street, Main Street, Portage Road, and Pine Avenue on Tuesday, October 26 from 6 to 7 p.m. via Zoom.   The project update comes after an initial public meeting and summer of listening sessions with small businesses, property owners, and local community organizations on ideas for inclusion in the program.  During the presentation, ESD will share what it learned from the community and how these insights are shaping an investment portfolio for the Niagara Falls Strategic Economic Development Fund. To join the October 26 information session by computer or smartphone, register online using the link below, and the link to join the meeting will be sent to you. https://buffalo.zoom.us/meeting/register/tJMude6urT8qE91cdFJfnP2H1caqVq0LtEqW If you are unable to join by computer or smartphone, and need to dial into the meeting, please join by calling the number below at 6 p.m. on Tuesday, October 26. Call-in number: 646-558-8656Meeting ID: 973 2763 4099Password: 286957 Through the establishment of program goals, an analysis of economic and land use data, review of past investments, and in-depth stakeholder engagement, ESD and its subsidiary USA Niagara Development Corporation (USAN), along with the City of Niagara Falls and University at Buffalo Regional Institute (UBRI), are developing a portfolio of catalytic projects aimed at improving economic conditions in the City of Niagara Falls.  Projects funded through the program will enhance mixed-use, walkable commercial corridors; support and grow new businesses and entrepreneurship; connect to the waterfront and existing state and private investments; and attract tourists from downtown into adjoining neighborhoods. The new fund seeks to combine support from ESD, the City of Niagara Falls, and philanthropy to finance a variety of projects. For more information on this program, please visit https://buffalobillion.ny.gov/niagara-falls-strategic-economic-development-fund. About Empire State Development  Empire State Development (ESD) is New York’s chief economic development agency (www.esd.ny.gov). 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 NEW YORK,” the State’s iconic tourism brand. For more information on Regional Councils and Empire State Development, 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
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Report

Wednesday, October 13, 2021 - 1:03pm
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Report

Wednesday, October 13, 2021 - 1:02pm
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Report

Wednesday, October 13, 2021 - 1:01pm
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Report

Wednesday, October 13, 2021 - 12:58pm
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Report

Wednesday, October 13, 2021 - 12:49pm
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Report

Wednesday, October 13, 2021 - 12:48pm
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Press Release

Tuesday, October 12, 2021 - 11:55am
The USA Niagara Development Corporation (USAN) Board of Directors met today and authorized Destination Niagara USA (DNUSA) as manager of The Conference & Event Center Niagara Falls (CCNF) and Old Falls Street (OFS), beginning in January 2022.  Destination Niagara USA is the official Destination Marketing Organization (DMO) for Niagara County.  The private non-profit has a mission to expand the economic prosperity of the Niagara Falls USA communities by generating individual and group visitation. “Destination Niagara USA has always been a strong partner to USAN, and we are excited to see its role in Niagara Falls expand as manager of the conference center and Old Falls Street,” said USAN Chairwoman Francine Delmonte.  “As the business travel and conference industry rebounds, Destination Niagara will be building on the center’s prior success.” “We are excited to take on this new venture as manager of the Conference & Event Center of Niagara Falls and Old Falls Street,” said Destination Niagara USA President & CEO John Percy. “This represents a significant opportunity for us to elevate the Niagara Falls USA product, control the brand, increase sales and become more relevant to the community.  We have the expertise and the tools to turn CCNF into a profitable facility and OFS into a greater hub of activity for locals and visitors year-round.  We know and understand the convention and meeting business, the strengths of our destination as a meetings market and how to highlight them in order to attract future convention groups.” The DNUSA Board of Directors also met today and approved the term sheet with USAN for management services of CCNF and OFS. DNUSA is uniquely positioned to manage CCNF and OFS as it understands the local conventions and meetings business and knows how to attract events and groups for them.  DNUSA has also worked diligently to increase the visibility of the Niagara Falls brand to the meetings market by integrating targeted marketing programs.  DNUSA has collaborated with local hotel partners and CCNF to focus on the market segments to make CCNF/OFS successful.  With DNUSA managing CCNF/OFS, they will bring a management advantage by being able to elevate the product, control the brand, increase sales and provide a level of synergy not available before.  As a not-for-profit, DNUSA will also bring a financial advantage by not charging the type of fees USAN has incurred with private sector operators, enabling more of USAN’s resources to be reinvested back into the development of CCNF and OFS. The five-year initial term with a contract amount not to exceed $1.6 million (first-year subsidy of $1.5 million, plus a transitional budget of $100,000) may later be extended for a two-year term.  Terms call for DNUSA to manage the CCNF at a level consistent with the operation of a first-class conference center.  DNUSA will also be expected to interface with the City of Niagara Falls, Niagara University, the Seneca Nation and other significant local parties to maximize the use, revenue and hotel night generation of CCNF.  DNUSA’s scope of services for OFS includes general cleaning and upkeep, facilitating and coordinating the programming of OFS events, and administering the permit application process and conducting enforcement for both event and daily vending operations. USAN developed and opened the $20 million CCNF in 2004 to replace the functions of the former Niagara Falls Convention & Civic Center, which had been converted to house the Seneca Niagara Casino.  CCNF has 116,000 square feet of versatile state-of-the-art indoor meeting and event space, offering a myriad of customized convention, meeting and banquet options including the ability to host private outdoor receptions, just footsteps from Niagara Falls State Park and its famed waterfalls.  The primary mission of CCNF is to stimulate downtown economic activity by expanding visitation to Niagara Falls, NY; to generate lodging demand from attendees of professional meetings, conferences, seminars, and conventions held at CCNF; and to facilitate expenditures at local commercial establishments through increases in overnight visitation. Old Falls Street, USA (OFS) is a three-block destination connecting Niagara Falls State Park with CCNF and downtown hotels, restaurants and attractions.  Serving as a welcome center for residents and visitors alike, OFS provides exciting spaces for free family-friendly games and activities, seasonal concerts, outdoor movies, festivals and special events.  From 2005-2009, USAN and the City of Niagara Falls undertook a two-phase project that fully restored OFS as a functioning vehicular street and revitalized the street into an active public space.  In 2020, USAN completed Cataract Commons – a public square or “commons” space located on OFS, transforming an empty parcel into a more usable and inviting outdoor facility that has permanent structural seating and shade, as well as flexibility for hosting various events.  OFS now serves as the front door to several downtown institutions, including CCNF; the 1885 entrance to Niagara Falls State Park (a National Historic Landmark); the Seneca Niagara Casino complex; and the Niagara Falls Culinary Institute.  Spectra Venue Management, formerly known as Global Spectrum, successfully managed CCNF/OFS since 2009. The USAN Board of Directors also approved a list of pre-qualified real estate development and planning related consultants. These consultants include real estate planning and advisory services, financial and economic analysis, architecture and design, construction and engineering, Phase I environmental site assessment, environmental review, infrastructure advisory services, transportation planning, historic preservation and adaptive reuse, and surveyor professionals. About USA Niagara Development Corporation USAN, a subsidiary of Empire State Development, is solely dedicated to the support and promotion of economic development initiatives in Niagara Falls by leveraging private investment and encouraging growth and renewal of the tourism industry in the City of Niagara Falls.  For more information, visit https://esd.ny.gov/usa-niagara-development-corporation-6. Contact: Pamm Lent | [email protected] | (716) 846-8309 | (800) 260-7313 Laura Magee | [email protected] | (716) 846-8239 | (800) 260-7313
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