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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Press Release

Tuesday, July 3, 2018 - 10:57am
Empire State Development (ESD) today announced that Oscar Health will establish its new headquarters at One Hudson Square and create 289 new jobs over the next five years as it continues to expand.  Oscar Health is a New York-based, technology-driven health insurance company founded in 2012 that offers individual and small business plans. It currently serves markets in New York, New Jersey, California, Texas, Tennessee, and Ohio and it plans to expand to new markets in Michigan, Florida and Arizona as well as within Texas, Tennessee, and Ohio for 2019, pending regulatory approval. Oscar is one of the fastest-growing health insurance start-ups and was named one of CNBC’s Top 50 Disruptors this year. Oscar raised $165 million in new venture capital in its latest funding round. "New York is a hub for new innovation, new ideas, and new companies seeking to change the way we do business," said ESD President, CEO, and Commissioner Howard Zemsky. "The 21st century economy is catalyzing the growth of tech-enabled companies across all industries, and New York has the ecosystem, the workforce, and the infrastructure to support and encourage this tremendous growth." “Oscar’s vision for a technology-driven health care system continues to attract a diverse range of top-tier talent from different backgrounds and industries and has fueled our exceptional growth,” said Kerry Van Voris, SVP of People at Oscar Health. “As we scale Oscar and recruit more employees, we’ve made the exciting decision to move Oscar’s New York offices to One Hudson Square, where we will have more room to support our employees and teams with a beautifully designed space in a terrific, central location.” To encourage Oscar Health’s growth in New York, ESD offered the company up to $3.5 million in performance-based tax credits through the Excelsior Jobs Program. Oscar will create 289 new jobs over five years in technology, data science, clinical positions and more, and has retained the acclaimed architecture and interior design firm Gensler to outfit its new headquarters at One Hudson Square.   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 Governor Cuomo’s 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. About Oscar Health Oscar Health is a technology-driven, consumer-focused health insurance startup founded in 2012 and headquartered in New York City. Oscar uses technology and personalized service to give members transparency into the health care system and empower them to choose quality, affordable care. The Oscar member experience includes a personalized concierge team that helps members do everything from finding a doctor to processing a claim, a 24/7 Doctor on Call service for members on the go, and a tightly integrated, curated network of first-rate physicians and hospitals. Members can easily access their health history and account information via hioscar.com and our iOS and Android apps. Oscar offers individual and small group plans and its 2018 coverage areas include New York, California, Texas, New Jersey, Tennessee, and Ohio alongside Cleveland Clinic. Say hi or learn more at https://hioscar.com or follow us at https://twitter.com/OscarHealth. Contact: Amy Varghese | amy.varghese@esd.ny.gov | 212-803-3740 ESD Press Office | pressoffice@esd.ny.gov | (800) 260-7313
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Press Release

Monday, July 2, 2018 - 12:50pm
See pictures of present-day Canalside here Erie Canal Harbor Development Corporation (ECHDC) today announced the 10th anniversary of Canalside, which historically was the western terminus of the Erie Canal and today has become a rich site of development, revival, and activity in Buffalo.  Today a symbolic “Wedding of the Waters” ceremony was held in recognition of the great success of Canalside and the spin-off success of the Outer Harbor and Buffalo River, attendees poured lake and river water into the commercial slip to symbolize the “marriage” of the water bodies and the success of the entire waterfront.  The original Canalside ceremony held 10 years ago today was to commemorate completion of the nine-year, $53 million Erie Canal Harbor Redevelopment Project. Canalside today has transformed Buffalo’s Inner Harbor into a year-round attraction and a mixed-use urban entertainment destination that features Erie Canal Harbor.  See pictures of present-day Canalside here. “I vividly remember that sunny day ten years ago when we celebrated the history of the Erie Canal and embarked on a new era for the City of Buffalo,”‎ said Lieutenant Governor Kathy Hochul, who led today’s 10th anniversary celebration.‎ “Canalside has allowed us to embrace our historic legacy and transform our waterfront in ways once thought impossible. Canalside is now the epicenter of activity in the New Buffalo, attracting both tourists and local residents with fun family activities. New York State’s commitment and investment will continue as we move forward into the next decade along Buffalo’s magnificent waterfront.” The first “Wedding of the Waters” ceremony was held in 1825 and featured Governor DeWitt Clinton ushering in the original “canal era” by pouring lake water taken from Erie Canal Harbor’s Commercial Slip into the Hudson River, thereby “marrying” the Great Lakes and the Atlantic Ocean.  Ten years ago, dignitaries paid tribute to the famous “water wedding” and ushered in Western New York’s own “waterfront development era” by pouring canal water into the refurbished Commercial Slip, to celebrate the official completion of the inner harbor project on 12.5 acres of prime waterfront property. Features that were officially revealed that day included: Wooden-plank “Central Wharf,” which stretches out along the Buffalo River; Award-winning “Whipple Truss” foot bridge, which accurately resembles other traditional canal spans and connects the “Central Wharf” to cobblestone “Commercial Street;” Excavated foundations of the original “Steamship Hotel,” which are presented alongside several interpretive exhibits showcasing the historical significance of the Erie Canal.  Man-made waterfall, which flows from the Scott Street railroad girder passage to help circulate water within the Commercial Slip and make the re-watered canal area more visually-appealing. This project was spearheaded by Empire State Development (ESD) and its subsidiary Erie Canal Harbor Development Corporation (ECHDC), which has received more than $70 million in funding from the New York Power Authority (NYPA) since 2007.  NYPA will provide an additional $80 million to support ECHDC waterfront and Canalside projects over the next decade. As part of today’s ceremony, Mayor Byron Brown proclaimed the Spirit of Buffalo the Flagship of the City of Buffalo.  This is a term used by cities to identify a signature sailing vessel that is an icon on their waterfront. The 73-foot topsail schooner has provided thousands of visitors an opportunity to enjoy being on the water in the Queen City. To celebrate its tenth birthday, the Hilliman family, owners of the Spirit of Buffalo, are offering $10 rides at 10 a.m. on July 3, 4, 5 and 6. Children 10 and under will be able to ride for free.  A picture of the ship and more information can be found at www.spiritofbuffalo.com. City of Buffalo Mayor Byron W. Brown said, “I’m thrilled to be back at Canalside to celebrate 10 years of investment and success.  I thank Governor Cuomo for partnering with our community and for his commitment to making Canalside a world-class destination.  Canalside employs and entertains our residents, while also attracting hundreds of thousands of visitors to come to Buffalo.  My administration remains committed to working with Governor Cuomo and other partners to continue growing Canalside as an international destination to create a brighter future for our City.” Congressman Brian Higgins said, “This community fought for and won a $279 million federal relicensing settlement with the New York Power Authority which has funded the majority of the public investments in our waterfront over the last decade and will continue to do so for the next 10 years.  Prior to 2008, people couldn’t find and had no reason to visit the water’s edge.  A great deal has changed; by embracing our position on Lake Erie and the Buffalo River, we’ve become the waterfront city we were destined to be.  Today we celebrate the waterfront transformation, but this is no time to rest on our achievements.  Work still remains to continue the great momentum on our waterfront.” NYPA Chairman and Buffalo resident John Koelmel said, “This 10th anniversary adds yet another milestone to the long and vibrant history of the Erie Canal, which transformed Buffalo into a major transit hub and the second-largest city in New York. Canalside represents Buffalo reclaiming its history, and almost 200 years later, reimagining the way in which its waterways are woven into the economic and cultural fabric of not only this city, but all of New York.” The mission of ECHDC is to connect the public with one of Buffalo’s greatest assets, its waterfront. The past ten years have seen the addition of many other projects on the site, all to encourage residents and visitors to enjoy recreation, relaxation, food and entertainment at the water’s edge.   Completed Improvements at Canalside since 2008: Historically Aligned Canals/Ice at Canalside/Canals at Canalside The historically aligned man-made canals opened in 2014, representing where the Erie Canal once existed.  Modern day it is New York State’s largest outdoor ice skating rink in the winter and in the summer there are pedal and paddle boats for adults and children.  The $20 million project included a comprehensive renovation of the canals, construction of three bridges and 22,000 square feet of towpaths surrounding the canals to reinforce the pedestrian experience and allow for future development as Canalside grows.  East Canal $5.8 million state investment created an outdoor public space that features a granite plaza, a shallow pool of water, fountains, seating, lighting and a shaded tree grove. It is located just south of One Canalside the former Donovan State Office Building. This project preserves public access to the waterfront, with a new outdoor space for locals and visitors to enjoy, and it also serves as a catalyst for private investment and development.   One Canalside One Canalside is a $30 million mixed‐use project that transformed the former Donovan State Office Building into a mixed-use development. The project began when ECHDC assumed ownership of the vacant building, remediated hazardous waste materials, and completed interior demolition. The building was then purchased by Benderson Development who stripped the building down to its steel beams and gave it a modern exterior and interior. One Canalside is anchored by the law offices of Phillips Lytle and also includes a Courtyard Marriot and Pizza Plant restaurant.  HarborCenter In 2012, the state supported the Harbor Center with $25 million in state tax credits. Today, this $200 million 20-story HarborCenter is a bustling destination for the entire region, hosting two NHL regulation indoor ice rinks as well as a 205-room Buffalo Marriott. Construction alone provided about 1,600 local construction jobs over the course of two years, and the facilities are expected to create 350 full-time jobs and generate $48 million in state and local taxes over the next ten years. Central Wharf Extension This project, with a State investment of $3.9 million, enhances the recreational use of the Buffalo River and Canalside, as well as the trail system along the River.  Overlooking the Buffalo River, the Central Wharf is home to thousands of events each spring summer, and fall, including concerts, fitness classes, musical performances, children’s activities, history tours, and a local artisan market.  Grain Elevators/Connecting Terminal Grain Elevator Lighting  In November 2015, Buffalo’s historic Connecting Terminal grain elevator was fit with a spectacular new lighting display that provides a direct visual link to Canalside and anchor the Buffalo River’s gateway from Lake Erie. The grain elevator is lit every night throughout the year and marks another significant milestone in fulfilling Governor Cuomo’s vision for a revitalized Buffalo waterfront. The project includes a state investment of $4.2 million.   Queen City Bike Ferry The State invested $825,000 in to the Queen City Bike Ferry, which connects pedestrians and bicyclists from Canalside to the Outer Harbor and back daily from Memorial Day through Labor Day for $1 per person each way. In 2015, its first year of operation, the Ferry exceeded expectations as it welcomed over 50,000 riders.  Future Projects at Canalside include: Explore & More Children’s Museum March 2017 saw the groundbreaking on the $27 million Explore & More Children’s Museum on the South Aud Block of Canalside. The 43,000 square foot stand-alone building will house seven educational play zones, each offering hands-on activities and exhibits that tell the stories of Buffalo for children and families. With approximately $11 million in state investment, Explore & More’s project is expected to create 36 full-time equivalent jobs, in addition to 40 construction jobs, and bring 250,000 new visitors annually to Buffalo’s waterfront and families. Carousel at Canalside In October 2016, Governor Cuomo announced a $1.2 million state challenge grant to construct a building to house the nearly century-old DeAngelis Carousel at Canalside in Buffalo. The installation of the vintage carousel complements the rapid transformation of Buffalo's waterfront. The new building will enclose the historic, custom-designed wooden carousel to allow for year-round access, and showcase Buffalo’s rich history in carousel making and its vibrant waterfront.  DL & W Terminal The NFTA will extend Metro Rail and provide second floor access in order to activate the site for future development.  The authority is seeking bidders for the environmental studies needed to start the $42 million project. The project took a giant leap forward earlier this year when Governor Cuomo committed $20 million through the Buffalo Billion II initiative. The idea is to extend Metro Rail beyond its last downtown stop into the DL&W, where the NFTA houses its yard and shops complex. In addition to work at the Canalside district, the success has spurred other projects led by the state on the Outer Harbor, Buffalo River and Ohio Street Corridor: Wilkeson Pointe This is the State’s first project on the outer harbor. The project remediated and improved 14 acres into public park space.  Once a location where the New York Power Authority stored the ice boom, this area has become a popular tourist and recreational attraction, with the snack stand, sunset watching, and even yoga classes. The state’s $5 million has also helped bring a kayak launch, wind sculptures and volleyball courts. Robert Indiana’s work “NUMBERS ONE through ZERO,” 10 eight-foot-high COR-TEN steel sculptures, weighing close to 2,000 pounds apiece, are currently on loan and displayed at the site. Ohio Street Gateway Reconstruction Project Managed by Erie Canal Harbor Development Corporation, along with the State DOT, the federal government, and the City of Buffalo, this reconstruction project is located along a 1.4 mile stretch of mainly vacant or underutilized land in the First Ward Neighborhood of downtown Buffalo. This project, which received a state investment of $3.3 million, dramatically transformed the street into a parkway and a major waterfront arterial linking Canalside/Downtown to the Outer Harbor.  It has been the catalyst of several multi-million dollar development projects, including the Buffalo Scholastic Rowing Association and the $18 million Buffalo River Landing residential development. Buffalo Harbor State Park As part of the 2013 transfer of almost 400 acres of land on the Outer Harbor from the Niagara Frontier Transportation Authority (NFTA) to New York State, the 190-acre Buffalo Harbor State Park was designated as the 180th State Park in New York’s system and the first in the City of Buffalo.  The Buffalo Billion committed $10 million for improvements to transform Buffalo Harbor State Park into a new visitor destination that continues the revitalization of the city’s waterfront.  The transformation of Buffalo Harbor State Park now offers the community a host of new recreational opportunities and unprecedented access that include a rehabilitated breakwall, rehabilitated southern revetment, enhanced greenscape, new public boat launches, redesigned parking and boating queue lines, rehabilitated marina, and new multi-use trails. Today, more than 240,000 people visit the park annually.  Outer Harbor Access & Activation Civic Improvements Project A project that will enhance access and facilitate greater public use/enjoyment of 20-acres at the southern end of the Outer Harbor in Buffalo.  The $5 million Buffalo Billion project includes a Greenway Nature Trail, bike park, Great Lawn and overlook. This project will be complete in May 2019. 140 Acres of Outer Harbor Land The Buffalo Billion Phase II commits another $15 million that will build-upon and complement recent state investments on the Outer Harbor. In April 2018, the Erie Canal Harbor Development Corporation Board approved a contract for architectural and engineering design services on remaining, state-owned Outer Harbor Lands. While the improvements will be determined with stakeholder and agency involvement, they will likely include environmental remediation, active and passive open space, habitat restoration, a restored and accessible Michigan Pier, food and beverage opportunities, signage and wayfinding, and coordination with long-term, in-water improvements by the USACOE/NYSDEC.  These improvements will occur over 140 acres of land that remains largely vacant and underutilized on the Outer Harbor.  Erie Canal Harbor Development Corporation Chairman Robert Gioia said, “Much has changed in the 10 years since Canalside was opened to the public.  Each day new people discover Buffalo’s waterfront and we’ve gone from being able to count visitors in the hundreds to today more than 1.5 million per year.  Thanks to Governor Cuomo, the efforts at Canalside are spreading to the Outer Harbor, Buffalo River and beyond and I, for one, cannot wait to see what the next ten years brings.” NYPA President and CEO Gil C. Quiniones said, “NYPA has been a proud partner of Canalside redevelopment efforts since the very beginning through NYPA’s Niagara Power Project relicensing agreements and our economic development programs. Canalside is one of our proudest examples of the Power Authority’s commitment to giving back to the communities where we live and serve.” Senator Tim Kennedy said, “For 10 years, Canalside has attracted both Western New Yorkers and visitors from around the world with its stunning views, year-round activities, and exciting business investments.  With several exciting projects on the horizon, this transformation will only continue in the years to come. I’m proud to support New York’s continued investment in making our waterfront an interactive, family-friendly destination.”  Senator Chris Jacobs said, “Few things better symbolize the revitalization that has occurred in our great City of Buffalo than the successful redevelopment of our waterfront at Canalside.  The unprecedented state investment, outstanding venues, family-friendly programming and entertainment, and commitment to restore public access to our greatest natural resource have transformed Canalside into a year-round destination that will serve as a catalyst of Buffalo’s resurgence for many years to come.” Assemblywoman Crystal D. Peoples-Stokes said, “My how quickly time flies. We have come such a long way from the days of Bass Pro.  It’s safe to say that we made the right decision, and for that I thank the residents of WNY for voicing their opinions and Erie Canal Harbor Development Corporation for listening. I’m excited to see Explore and More Children’s Museum trend toward completion, the forthcoming antique carousel and much more as we celebrate Canalside’s 10th Anniversary.” Assemblyman Sean Ryan said, “When Canalside first opened, I’m not sure anyone could have predicted the amazing destination it would become. Buffalo’s waterfront is one of our greatest assets, and Canalside has helped Buffalo enjoy that waterfront once again.  Canalside has been a huge part in the resurgence of Buffalo, and I look forwards to seeing what the future holds for our waterfront.” Erie County Executive Mark Poloncarz said, “Canalside’s emergence as a year-round destination highlights the tremendous growth we’ve seen on the waterfront and around Erie County over the past ten years, with millions of visitors experiencing the new energy, vision, and excitement surrounding Buffalo. The progress and construction that highlight the past decade are only the beginning, and we look forward to Canalside’s continuing growth in coming years as more and more visitors explore our waterfront and discover all that it has to offer.” Contact: Pamm Lent | pamm.lent@esd.ny.gov | 716-846-8309 | (800) 260-7313 Laura Magee | laura.magee@esd.ny.gov | 716-846-8239 | (800) 260-7313
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Press Release

Friday, June 29, 2018 - 4:36pm
Workshop Offers Guidance on State's Consolidated Funding Application Process   The North Country Regional Economic Development Council (NCREDC) today held its second meeting of 2018 in Lake Placid, Essex County. The meeting provided the Council with an opportunity to receive updates from various workgroups, and review strategies ahead of the Consolidated Funding Application (CFA) deadline. During today’s meeting, the Council also welcomed two new members: Timmy J. Currier, Village of Massena Mayor; and Edward W. "Fritz" Keel, Advocate Drum Executive Director.   During today's meeting, a representative from the New York State Energy Research and Development Agency (NYSERDA) discussed the new Net Zero Energy for Economic Development Program offered through this year's CFA. This program supports economic development projects where a facility's annual energy usage is less than or equal to the on-site renewable energy produced. NYSERDA is placing an emphasis on projects that are aligned with each region's strategic plan.   Garry Douglas, President of the North Country Chamber of Commerce and NCREDC co-chair, said, "The REDC has now finalized all of its preparations for this year's competition for state economic development investments. It's now up to the region's businesses, localities and non-profits to develop and submit strong proposals by July 27. The more and stronger the applications, the more state investment we will attract. Any potential applicants who were unable to attend one of the CFA workshops or who need guidance as they work on their applications should contact Empire State Development in Plattsburgh or Watertown. Onward and upward!"   Anthony G. Collins, President of Clarkson University and NCREDC co-chair, said, "Based on broad public input that underpins the NCREDC’s vision and strategies, we set out in 2011 to create the greenest energy economy in the state and have made great strides in this area. NYSERDA initiatives like the new Net Zero Energy Economic Development Program demonstrate how Governor Cuomo and our elected officials are working together with the regional communities to further advance the opportunities our residents and businesses want to see to grow jobs as well as steward the natural environment."   New York State continues to provide outreach through workshops and forums in each of the seven counties across the North Country, outlining funding available for through state agencies this year. A CFA workshop was held in Lake Placid today following the meeting. More than $525 million will be awarded this year through the CFA process, with awardees announced at the annual REDC ceremony. The 2018 REDC Guidebook and list of available resources are available at www.regionalcouncils.ny.gov. The deadline for applications is Friday, July 27 at 4 p.m., and applications are available at https://apps.cio.ny.gov/apps/cfa/.   The NCREDC, which is composed of Clinton, Essex, Franklin, Hamilton, Jefferson, Lewis and St. Lawrence counties, is one of 10 regional councils across New York State. There are now 531 projects across the region, which have been awarded a total of $549.5 million in support from the State through the Regional Economic Development Council initiative.   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 seven rounds of the REDC process, more than $5.4 billion has been awarded to more than 6,300 job creation and community development projects consistent with each region’s strategic plans, projecting to create and retain more than 220,000 jobs. For more information on the Regional Councils, visit www.regionalcouncils.ny.gov.
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Press Release

Friday, June 29, 2018 - 2:37pm
Announced During National Dairy Month, Funding Bolsters New York's Support for the Agriculture Industry Governor Andrew M. Cuomo today announced that more than $1 million has been awarded to New York State farmers through two grant programs designed to promote growth in the state's agriculture industry. The New Farmers Grant Fund assists new and early-stage farmers, and the Veterans Farmer Grant Fund supports farms owned and operated by military veterans. Since its launch in 2014, the New Farmers Grant Fund has now awarded $3.27 million to nearly 90 farms across the state. This is the first year the Veterans Farmer Grant Fund has been offered. "Agriculture is the backbone of our local economies, and New York is committed to keeping these businesses running to protect the livelihoods of farmers across the state," Governor Cuomo said."This critical funding will help early-stage farmers and military veterans get the jumpstart they need to develop or expand their farms into successful, profitable businesses that will positively impact communities throughout the Empire State." "The agriculture industry is a major part of New York's economy, and we're planting the seeds for future success," said Lieutenant Governor Kathy Hochul. "With this grant fund, we're supporting the next generation of farmers and farmers who are military veterans. New York's local products attract consumers from around the world, while providing jobs in our great state. We are committed to continuing to invest in the industry and ensuring the expansion and promotion of all the great products our farmers have to offer." Read the full press release here. 
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Press Release

Thursday, June 28, 2018 - 3:45pm
Investment Complements "Finger Lakes Forward" - The Region's Comprehensive Strategy to Revitalize Communities and Grow the Economy Governor Andrew M. Cuomo today announced Double Helix Optics as the winner of the first round of the groundbreaking Luminate NY competition. The Boulder, Colorado-based company received top honors at Luminate NY's inaugural "Light Tomorrow with Today" Demo Day competition, held in the main tent at the Xerox International Jazz Festival in Downtown Rochester. The company will receive $1 million in follow-on funding from New York State through the Finger Lakes Forward Upstate Revitalization Initiative and, as required by the award, Double Helix will commit to establishing operations in Rochester for at least the next 18 months.  "Strategic investments in OPI-enabled technologies continue to bolster the Finger Lakes region's reputation as the imaging capital of the world," Governor Cuomo said. "The innovations and commitments demonstrated through the Luminate NY competition further prove the vast potential of this industry and its ability to support the regional economy for years to come." "We're committed to investing in growing high-tech companies that are making advancements in the photonics industry," said Lieutenant Governor Kathy Hochul. "The Luminate NY competition is providing funding to promising businesses that are part of our growing innovation economy, helping to create good paying jobs across the Finger Lakes region and the entire State of New York." Read the full press release.
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Board Meeting

Thursday, June 28, 2018 - 9:30am
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Press Release

Wednesday, June 27, 2018 - 11:12am
Successful Expansion Project is Supported By "Finger Lakes Forward" – the Region's Award-Winning Revitalization Plan to Grow the Economy and Create New Opportunities Empire State Development (ESD) today announced that operations are up and running at American Packaging Corporation’s (APC) new, 215,000 square-foot facility in the Town of Chili, Monroe County. This State supported expansion has already enabled the company to hire 70 new employees, of which 40 are working at the new site. The sustainable packaging manufacturer currently has 200 employees working at its long-established plant on Driving Park Avenue in the City of Rochester. Overall, APC plans to create up to 260 new full-time jobs over the next five years in the Finger Lakes. The company previously considered constructing the new manufacturing plant near its facilities in Iowa; however, thanks to Governor Cuomo's Upstate Revitalization Initiative and the Finger Lakes Forward strategic plan, along with strong local support, the company decided to stay and grow in Upstate New York. “We are proud to support the significant growth of American Packaging Corporation in Upstate New York,” said Empire State Development President, CEO & Commissioner Howard Zemsky. “The company’s focus on providing solid job opportunities and contributing to a more sustainable community for generations to come, is yet another example of how the Finger Lakes region is establishing itself as a leader in the 21st Century economy.” American Packaging is a family-owned, flexible packaging converter and a renowned leader in the North American packaging industry. Founded in 1902, APC serves a wide range of markets, specializing in flexographic and rotogravure printing; multi-ply extrusion and adhesive lamination of film, paper, and foil; and pouch and bag fabrication to meet a variety of requirements. American Packaging President & CEO Peter Schottland said, “American Packaging’s investment in the region is well underway with production having begun in January 2018. We couldn’t be any more optimistic about the future of our operations and hope to soon be announcing yet another expansion of this operation. Thank you to Governor Cuomo and his team for their support bringing into the region high skilled, high pay manufacturing jobs. Well done to all!” The company’s flexible packaging products offer exceptional environmental benefits as they use less energy and fewer resources. APC has also partnered with the Rochester Institute of Technology by funding the Center for Packaging Innovation on campus. Funding from the Wegmans Family Charitable Foundation was used to establish the Center. Finger Lakes Regional Economic Development Council Co-Chairs Monroe Community College President Anne Kress and Rochester Chamber of Commerce President & CEO Bob Duffy said, "Through its partnership with RIT and The Wegmans Family Charitable Foundation, American Packaging is working hard to find solutions that will enable the grocery industry to continue to provide products in a sustainable manner. Congratulations on your continued success, and thank you for helping us to move the Finger Lakes forward.” In order to secure American Packaging’s expansion and job growth in Upstate New York, Empire State Development offered up to $14.7 million in performance-based incentives, including $7.7 million in Finger Lakes Forward Upstate Revitalization Initiative grants and $7 million in Excelsior Jobs Program tax credits. Monroe County also provided incentives for the project. Senator Joseph E. Robach said, “American Packaging Corporation’s continued growth and expansion in the Rochester region is exciting news for our local economy and skilled workforce. I am certain that APC’s reputation of innovation and excellent service will be aided by this state-of-the-art facility, and that their footprint will continue to grow in Monroe County.” Senator Michael H. Ranzenhofer said, "I applaud the completion of American Packaging's new manufacturing plant in the Town of Chili. This major investment, by a renowned leader in the North American packaging industry, is helping to grow our local economy and create new manufacturing jobs for residents in Monroe County," “I applaud Peter Schottland and the team at American Packaging Corporation for their commitment to our region,” said Assemblymember Harry Bronson. “Today’s announcement by the company and Governor Cuomo shows that the Rochester area has a strong, diverse, and skilled workforce and is in an economic position to create jobs for the future. I look forward to American Packaging growth and the addition of new jobs at their new Chili campus.” Monroe County Executive Cheryl Dinolfo said, "I am thrilled that American Packaging's new facility is now open for business in Monroe County, supporting over 300 more jobs here. Our Economic Development team was closely involved with the project's site selection from day one and I am proud that we were ultimately able to keep this job-creating project in our area. I thank American Packaging for their commitment to doing business in our community and supporting local jobs for our residents and families.” Chili Town Supervisor David Dunning said, "The expansion in Chili of this incredibly successful company means new opportunities for the Town and new jobs for the hard-working people of this region. I thank Governor Cuomo and American Packaging for making it a reality." “American Packaging, one of the largest privately held flexible packaging converters in North American, is rapidly expanding its presence in the Greater Rochester, NY region so that it is poised to support the marketplace of the future,” said Matt Hurlbutt, president and CEO, Greater Rochester Enterprise. “Smart businesses such as American Packaging recognize that our community has the high-caliber talent available at very competitive rates to support cutting-edge technologies.” More information about American Packaging is available 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 $5.2 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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Press Release

Friday, June 22, 2018 - 2:36pm
Governor Andrew M. Cuomo today announced 11 projects, including five on the East Side of Buffalo, received awards totaling $7,780,930 through round three of the Better Buffalo Fund. The fund was established to support projects that encourage density and growth along transportation corridors and revitalize neighborhood commercial districts. This third round of funding will help complete the renovation of 172 residential units and more than 130,795-square-feet of storefront and commercial space, while leveraging over $64.26 million in private investment. "The Better Buffalo Fund is bringing new life to neighborhoods across the region, while shining light on business and job opportunities for residents," Governor Cuomo said. "This comprehensive approach to economic development has already transformed the region, and New York will continue to support Buffalo's growth to ensure a stronger, more vibrant community for decades to come." A key initiative of Governor Cuomo's revitalization efforts in Western New York, the Better Buffalo Fund aims to create vibrant, mixed-use, high-density neighborhoods, while improving access to the major employment hubs by creating stronger transit and transportation linkages between neighborhoods employment centers, job training and services. Applicants applied for grants and revolving loan funds through the Better Buffalo Fund for one of two initiatives - Transit Oriented Development and Buffalo Main Streets.  Read the full press release here.
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Press Release

Friday, June 22, 2018 - 2:32pm
Governor Andrew M. Cuomo today announced that the Alexandrion Group, Romania's largest spirits producer, will establish its first United States distillery in the Mid-Hudson Valley. The Alexandrion Group will invest more than $40 million to renovate the new distillery in Putnam County, creating 102 new jobs over five years. Upon completion in 2020, the new distillery will produce premium spirits tailored for the U.S. market such as whiskey, bourbon, gin, brandy and vodka. "The Mid-Hudson Valley's vibrant economy has attracted businesses and residents from across the world, and with the addition of the Alexandrion Group's first U.S. distillery, this region will continue to flourish," Governor Cuomo said. "The company's investment is proof-positive that New York is a premier destination for food and drink enthusiasts, and we look forward to Alexandrion Group's continued success in the Empire State." In July 2017, Alexandrion Group announced its intention to invest in its first U.S. distillery. Empire State Development, New York's chief economic development agency, worked closely with the Alexandrion Group to bring the project to New York, offering the company up to $2.7 million in performance-based tax credits through the Excelsior Jobs Program. The Alexandrion Group will create 102 new jobs and invest more than $40 million in the construction and renovation of its new 120,000-square-foot distillery and tasting room located at 39 Seminary Hill in Carmel, Putnam County, subject to local approvals. Read the full press release here. 
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Press Release

Friday, June 22, 2018 - 2:30pm
Governor Andrew M. Cuomo today announced that Rosina Food Products, Inc. has completed a multi-million-dollar expansion at its Cheektowaga and West Seneca operations. The $22.7 million project included a new Customer Focus Center, the addition of new manufacturing lines, updated machinery and renovations at the facility where Rosina frozen foods are produced. "Rosina Food Products has been an integral part of New York's food manufacturing sector for generations," Governor Cuomo said. "This major expansion project has already created dozens of new jobs and we look forward to the company's continued growth and success in Western New York." "Anyone who grew up in Western New York knows how important Rosina is to our culinary landscape," said Lieutenant Governor Kathy Hochul, who made today's announcement in Cheektowaga. "As one of our largest manufacturing employers in Erie County, Rosina's expansion is yet another sign of good news for Western New York. Businesses like Rosina know that New York is a great place to do business and invest in the future. We are proud to partner with Rosina on this job creation initiative to support their continued success." Read the full press release here. 
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