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, October 5, 2021 - 4:55pm
Medical Device Manufacturer Will Add Production Lines and Create 45 Jobs Empire State Development (ESD) today announced that medical device and medical disposables manufacturer Polymer Conversions has started construction on the expansion of its operations in the Town of Orchard Park. The $14.25 million project will accommodate the recent dramatic growth the company has experienced due to the coronavirus pandemic and demand for U.S. sourced medical supplies. ESD is supporting the expansion of cleanroom manufacturing and warehouse operations with up to $550,000 through the Excelsior Tax Credit program in exchange for the creation of 45 jobs and the retention of 125 existing jobs. Empire State Development Chief Operating Officer and Executive Deputy Commissioner Kevin Younis said, “Polymer Conversions’ commitment to WNY is yet another example of high-tech companies choosing to grow and invest there.  Investing in in-demand medical device manufacturing is an example of how WNY and New York State continue to build our economy back.” In 2020, Polymer Conversions was acquired by MedBio, an outsourced manufacturing company that focuses on cleanroom injection molding and assembly for medical, life sciences and biotechnology devices. Polymer Conversions is a full-service medical device contract manufacturer that specializes in complex thermoplastic injection molding and value-add assembly-making customized “tight-tolerance” medical and biometric devices, among other products. Recent increases in customer orders is prompting the advanced manufacturer to undertake an expansion that will significantly increase the size of its plant at 5732 Big Tree Road and increase its workforce by 36%. To accommodate this growth, the company is constructing a pair of additions totaling 34,200 square feet of space. A 28,000-square-foot northern addition will allow the company to enhance its cleanroom operation and make it more efficient. The western expansion of 6,200 square feet will add to the company's engineering offices and meeting space. The work is expected to be completed by April 2022. Benjamin Harp, Polymer Conversions President said, “Empire State Development and Invest Buffalo’s support and leadership was critical to Medbio’s decision to build our expansion here in Orchard Park.  We are excited to expand our facility by 34,000 square feet and add new jobs in the Buffalo community. This expansion is an investment in our customers, employees, and community. We are excited about our growth in the coming years.” Thomas Kucharski, President & CEO, Invest Buffalo Niagara said, “Polymer Conversions is an incredible local employer, and we were thrilled to help them double-down on their commitment to Buffalo Niagara. Advanced manufacturing remains critical to our economy’s success and Polymer Conversions’ high-tech products and processes are a significant part of that future.   Senator Sean Ryan said, "The expansion of Polymer Conversions is a significant boost for the Western New York economy as we continue to recover from the pandemic and chart a new path forward for our region. With support from New York State, Polymer Conversions is creating the type of good-paying jobs our economy needs and expanding their presence in Orchard Park. This a big win for the future of high-tech manufacturing in Upstate New York."   Assembly Member Patrick Burke said, “I am pleased to see Polymer Conversions/MedBio, a full-service medical contract manufacturer, growing its operation in Orchard Park. The continued expansion of MedBio since its development in 2004 emphasizes the importance of U.S. based medical device manufacturers. The value of this company was only validated by the events of this past year, and the struggles we faced in trying to acquire additional medical supplies during a public health crisis. Partnering with this company brings great opportunity to the region by creating stable jobs while simultaneously making WNY a hotspot for continued growth in the field of high-technology. We are thrilled to assist them in their expansion and commitment to WNY, and wait in excitement to watch the company grow and impact the area in a handful of positive ways.” County Executive Mark Poloncarz said, “As Polymer Conversions grows, so too does Erie County’s reputation as a place where business can succeed and good careers can take root. This $14 million investment brings much-needed space to better suit increased customer orders, retains jobs while creating more, and demonstrates the vitality of our advanced manufacturing sector.” For additional information about Polymer Conversions, visit https://medbioinc.com/ About Empire State Development Empire State Development (ESD) is New York’s chief economic development agency. The mission of ESD is to promote a vigorous and growing economy, encourage the creation of new job and economic opportunities, increase revenues to the State and its municipalities, and achieve stable and diversified local economies. Through the use of loans, grants, tax credits and other forms of financial assistance, ESD strives to enhance private business investment and growth to spur job creation and support prosperous communities across New York State. ESD is also the primary administrative agency overseeing Governor Kathy 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. Contact: Pamm Lent | [email protected] | (716) 846-8309 Laura Magee | [email protected] | (716) 846-8239
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Press Release

Tuesday, October 5, 2021 - 4:07pm
New Distillery a Welcome Addition to the Growing Craft Beverage and Hospitality Economy in the Mid-Hudson Region Empire State Development today announced the completion of the first phase of The Star Estate Development Group DBA Hudson House & Distillery (Hudson House and Distillery), a small-batch distillery and event venue located at the former 27-acre Christian Brothers monastery in West Park, in the Town of Esopus, Ulster County. The first phase of the project involved significant site improvements and infrastructure upgrades to establish a craft distillery, tasting room, event space and catering kitchen with a 4,500 square foot outdoor deck to allow for more social distancing due to the COVID-19 pandemic. The company invested $1.8 million to purchase and rehabilitate two existing buildings on site. This project will allow Hudson House & Distillery to source its ingredients from local farms and businesses which will greatly reduce its carbon footprint and transportation costs. The Mid-Hudson Regional Economic Development Council supported this project by recommending an Empire State Development Capital Grant of $212,400. This project will also create eight new jobs. Empire State Development Chief Operating Officer and Executive Deputy Commissioner Kevin Younis said, “The Mid-Hudson Region is known for its abundance of natural resources, its beauty and its history.  The Hudson House & Distillery capitalizes on these assets and has created an exceptional destination spot for both Mid-Hudson residents and visitors.” Charles Ferri, Chief Executive Officer at The Hudson House & Distillery said, “This project is a true testament of public, private and environmental sectors working together to achieve something incredible; a waterfront destination distillery. Without the tireless assistance from Empire State Development, Ulster County and the Town of Esopus, this one of a kind project would not have been possible. We are incredibly thankful to all that have supported this project and will do our utmost to make the region proud by producing high quality spirits and products for all to enjoy!” SUNY New Paltz President and Mid-Hudson REDC Co-Chair Donald P. Christian said, “The investment in Hudson House & Distillery has transformed this historic property into a vibrant and unique destination that the community will benefit from and attract visitors and residents alike. With the company’s expectations to serve an estimated 30,000-40,000 visitors per year, the MHREDC is pleased to support this regionally impactful economic development project.’ Senator Michelle Hinchey, Chair of the Senate Agriculture Committee said, “New York proudly maintains its position as the second-largest craft distillery stakeholder in the country. Continuing this growth trajectory means bolstering state support for truly unique businesses like Hudson House that are not only paving the way for farm distilleries but driving local job creation, forging strong partnerships with upstate farmers and food producers, preserving our historic architecture, and raising the profile of our rural communities in the process. I want to congratulate Hudson House & Distillery on completing phase one of its renovation project and thank ESD for awarding this Ulster County business with a generous state grant.”  Assemblyman Kevin Cahill said, “Hudson House Distillery connects the ingredients that make the Hudson Valley special.  Utilizing our local farms as a resource, employing members of our community and renovating an historic property into something everyone can enjoy is an achievement that should be celebrated.  I am proud to join Ulster County Tourism and Empire State Development in our support in our Hudson Valley small businesses.” Ulster County Executive Patrick K. Ryan said, “I am proud to welcome Hudson House and Distillery to Ulster County. This new venue will be a draw to the region which will bring new visitors to the area, helping local farms and businesses in the process.  It is businesses like Hudson House and Distillery that truly make the Mid-Hudson Region a great place to visit, live and work.” Town of Esopus Supervisor Jared Geuss said, “The Town of Esopus is excited to be the home of Hudson House & Craft Distillery. This important establishment helps fulfill our Comprehensive Plan community vision. It is a welcome addition to the 9W corridor where visitors and residents alike can now enjoy world-class spirits, farm-to-table foods and seasonal attractions alongside the natural beauty of the Hudson River. We appreciate Ulster County and the Regional Economic Development Council for prioritizing and supporting this economic boost to the benefit of our residents and local businesses.” 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. Contact: Kristin Devoe | [email protected] | (518) 414-1087  Press Office | [email protected] | (800) 260-7313  
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Board Meeting

Monday, October 4, 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 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, October 1, 2021.
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Report

Friday, October 1, 2021 - 5:27pm
Empire State Development (ESD) oversees administration of the Empire State Commercial Production Tax Credit Program. The Program is designed to increase the production of commercial filming in New York State. Read the 2018 annual Commercial Production Tax Credit Program Report below: Commercial Production Tax Credit Program Annual Report: 2018
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Report

Thursday, September 30, 2021 - 3:24pm
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Press Release

Tuesday, September 28, 2021 - 2:00pm
Milestone in Buffalo Blueway Project to Connect Residents with Nature, Increase Opportunities for Recreation $2 Million Project Celebrates Grand Opening After Just Five Months of Construction Empire State Development (ESD), the New York State Department of Environmental Conservation (DEC) and Buffalo Niagara Waterkeeper (BNW) today celebrated the grand opening of the $2 million renovated Buffalo Blueway site, DEC’s Buffalo River – Ohio Street Fishing Access Site. The ESD-funded project, completed by BNW, adds to the network of public access points along the city’s waterways as part of the Buffalo Blueway project, a regional effort to improve and enhance waterfront access and opportunities for recreation.  See pictures of the site here. The newly expanded and enhanced DEC-owned site at Ohio Street will enable better access to paddling, car-top boats, fishing and passive recreation along the Buffalo River waterfront. The construction project, which was completed in just five months by BNW and its contractor, Scott Lawn Yard, includes the following enhancements: Car-top Boat Launch: Improved boat launch features carry-in, car-top fishing boat access and paddle craft launching with timber guiderails. Wheelchair Accessible Fishing Pier: Pedestrian promenade/walkway and fixed pier overlook platform provides universal access to the river. North Path: Now provides pedestrian connections to Ohio Street and the Shoreline Trail while evoking the former rail line. Debris Deflection: Two newly installed floating deflectors will help mitigate wave forces and deflect floating debris and flowing ice away from the shoreline and boat launch. Central Dropoff: New vehicular and pedestrian traffic pattern allows for more efficient launching. Parking: Upgrades to parking area pavements and pathways allow for improved public access. “This new Buffalo Blueway site improves equitable access to Western New York’s greatest asset – its waterfront – and I want to thank Buffalo Niagara Waterkeeper for their continued leadership and partnership to get these projects completed, as well as the state DEC for its collaboration on this Ohio Street site,” said Empire State Development Chief Operating Officer and Executive Deputy Commissioner Kevin Younis.  “This is just the latest example of how Buffalo Blueway public access projects are increasing recreation and tourism to the area while enhancing the region’s waterfront.” “DEC is excited to reopen the Buffalo River – Ohio Street Fishing Access site today to further enhance the newly revitalized Buffalo River corridor,” said DEC Commissioner Basil Seggos. “Once an abandoned railroad property, this now popular recreational spot now draws anglers and outdoors enthusiasts of all ages. Working with our project partners, DEC is pleased to announce today our latest efforts to improve access to the river for anglers, boaters, and kayakers, and restore shoreline habitat for fish and wildlife.”  “Our vision for the Buffalo Blueway is becoming a reality, with enhanced public access for everyone to enjoy their waterfront and the Buffalo River,” said Buffalo Niagara Waterkeeper Executive Director Jill Jedlicka. “For the first three decades of our existence, Buffalo Niagara Waterkeeper worked tirelessly to lead the cleanup partnership efforts that resulted in a once-dead Buffalo River becoming a thriving, vibrant ecosystem that is now being activated with recreational activity from locals and tourists alike. Supporting the growth of the region’s sustainable blue economy continues to be a goal of our ongoing environmental restoration work, and by offering universal access to our waterways through the Blueway system, these kinds of projects will continue to accelerate economic activity for our entire waterfront.” Design partners on the project include Anchor QEA, Watts Engineering and Edgewater Resources. In January 2017, New York State announced a $10 million award to Buffalo Niagara Waterkeeper in an effort to expand and enhance waterfront access. This investment – the Buffalo Blueway – connects a network of public access points located strategically near existing sites and attractions along Lake Erie, the Niagara River and Buffalo River corridors to increase recreation and tourism and spur private development. In 2019, major site enhancements were implemented at Buffalo RiverWorks, Wilkeson Pointe and Mutual Riverfront Park. The site enhancements include a massive public art mural at Buffalo RiverWorks, along with Blueway-specific metal markers and interpretive and safety signage at the three sites. Now that the Ohio Street site is complete, BNW’s next Buffalo Blueway construction project will be improvements at Red Jacket Riverfront Natural Habitat Park in Erie County. BNW is also in the design phase with another Erie County park, Seneca Bluffs, as a Buffalo Blueway site. Construction will begin at Seneca Bluffs next year. Senator Sean Ryan said, “The Buffalo Blueway project has been a boon to our continuing efforts to make Buffalo’s waterfront more accessible to the residents of Western New York. By improving public access to the Buffalo River, the enhancements at the Ohio Street site will help highlight our area’s exemplary fishing and promote economic growth along the city’s waterfront.” Assemblymember Jon D. Rivera said, “The new and improved Buffalo River access point at Ohio Street — part of the Buffalo Blueway project — will allow residents of all ages greater accessibility and expanded usage of the city’s most treasured asset. Buffalo Niagara Waterkeeper has worked relentlessly to restore the natural ecosystems of our waterways, and in doing so, has invaluably added to our region’s eco-tourism sector. As the Blueway system continues to provide increased access to Buffalo’s waterfront, our city’s economy and its environmental sustainability are set to reap the benefits.” Erie County Executive Mark Poloncarz said, “The Buffalo River waterfront is taking a big step forward with the completion of the Buffalo Blueway Public Access Project on Ohio Street, which improves accessibility for fishing, kayaking, and other types of waterfront recreation. Completed in just five months, this project will add to the area’s vitality for years to come.” City of Buffalo Mayor Byron W Brown said, “Activity on Buffalo’s waterways is now a common sight and I thank Empire State Development, the New York State Department of Environmental Conservation and Buffalo Niagara Waterkeeper for adding to the network of public access points as part of the Buffalo Blueway Project.  This $2 million investment at the DEC-owned site at Ohio Street complements an $11 million investment that transformed this roadway into a riverfront parkway.  It's also great news for paddlers, anglers and others, and another positive example of why investing in our environmental and recreational assets will help spur additional economic development.” Contact: Jennifer Fee (BNW) | [email protected] | (716) 983-3665 Laura Magee (ESD) | [email protected] ) | (716) 846-8239 | (800) 260-7313 TJ Pignataro (DEC) | [email protected] | (716) 851-7091
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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

Thursday, September 23, 2021 - 12:57pm
Technology and Logistics Firm Plans for Growth, Capital Improvements and New Software for the Logistics Industry Company Would Create up to 148 New Jobs on Buffalo’s East Side Empire State Development (ESD) today announced that technology and logistics firm, Founders Holding Co., and its subsidiaries are planning to expand their current facility on East Amherst Street in the City of Buffalo and would create up to 148 new jobs over the next ten years. The project would receive up to $1.5 million from ESD based on actual job creation through the Excelsior Tax Credit Program in exchange for continued job creation commitments over the next decade. Kevin Younis, ESD Chief Operating Officer and Executive Deputy Commissioner said, “Founders Holding Co.’s expansion reflects its commitment to Buffalo’s East Side and supports New York State’s strategic plan to encourage business growth in the area. The tech and logistic company’s investment is a win, both for Western New York job seekers in search of better opportunities and for the Erie County economy.” Founders Holding Co. - ranked on Inc. Magazine’s list of America’s 5000 fastest growing private companies in 2020 and 2021 - is a holding company that acquires, partners, and works with companies in the transportation, logistics, e-commerce, and technology sectors. The company has four operating divisions: Founders Logistics, the firm’s newest venture that was launched to take advantage of the unprecedented growth of e-commerce distribution services; Founders Mobility, one of the largest health and human service transportation providers in New York State; Founders Software, a leading developer of innovative SaaS technologies in the US; and Founders Gateway, a provider of leading-edge back office shared services, including accounting, HR, IT, and operations. Paul Snyder IV, President of Founders Holding Co. said, “For over 10 years, the City of Buffalo has proven to be an ideal home for Founders Holding Co., and we are very proud to be a part of the area’s legacy of growth and transformation. It is wonderful that New York State and Governor Hochul share our commitment to creating economic opportunities in this often underserved and overlooked neighborhood, and we are incredibly grateful for their support and enthusiasm as we expand.” Founders Logistics anticipates investing more than $28 million over the next five years to acquire and expand its holdings as an e-commerce Independent Service Provider (IPS). Funds would be used to grow market share, acquire vehicles, make capital improvements to its headquarters located at 401 E. Amherst Street in Buffalo, and develop logistics software for the industry. The acquisitions by Founders Logistics are part of a larger strategic plan to expand across North America while centralizing the firm’s operations in Buffalo. These operations, including the servicing, fueling, recruitment, training, and back-office functions are operated from Founder’s distribution and servicing center located on the East Side of Buffalo. Founders Holding Co. has spent the last decade working to provide meaningful employment opportunities and job training for communities that are often described as underemployed, underrepresented, and impoverished. Founders works closely with local public and private sector stakeholders to recruit employees from programs such as PIVOT, which match temporary assistance clients seeking employment to companies looking to fill full-time positions. In additional to employment opportunities, Founders Holding Co. has a history of promoting within, providing opportunities for employees to move from living-wage jobs to supervisory and managerial jobs. These efforts are supported by management training, and business fundamentals training to provide a skill set that is transferable beyond the work being done for Founders Logistics. Senator Tim Kennedy said, “As we Build Back Better in New York, Founders Holding Co. is demonstrating a strong commitment to growth and job creation here in Buffalo, and that investment will continue to fuel our local economy and workforce. I’m excited to see this strategic expansion unfold in the heart of Buffalo with support from New York State.” Assembly Majority Leader Crystal Peoples-Stokes said, “New York State is committed to strategically investing in companies like Founders Holding Co., that can spur job creation and economic opportunities on Buffalo’s East Side and in Greater Western New York. I applaud Governor Hochul’s leadership and investment in WNY economy through the Excelsior Tax Credit Program.” Mayor Byron Brown said, “The increased commitment by Buffalo-based Founders Holding Co. complements my administration’s efforts to attract additional investment and add jobs to Buffalo’s east side neighborhoods. Founders pledge to invest $28 million to grow its E. Amherst Street headquarters, add 148 new jobs and continue its growth in the transportation, logistics, and technology sectors, is a win for Buffalo’s east side. I thank Governor Kathy Hochul and Empire State Development for their continued assistance to companies looking to grow and thrive in the City of Buffalo.”  County Executive Mark Poloncarz said, “Founders Holding Co. is showing its commitment to Erie County with this expansion and announcement that they anticipate creating 148 jobs over the next ten years, building our workforce and showing once again why our community is a great place to do business. We welcome this news and look forward to the next ten years of growth.” For more information about Founders Holding Co., click 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 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. Contact: Pamm Lent | [email protected] | (716) 846-8309 Laura Magee | [email protected] | (716) 846-8239
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Press Release

Thursday, September 23, 2021 - 11:08am
Proposals for the redevelopment of prime downtown site on First and Old Falls streets are due December 10 See renderings of potential development on the site here and a map here USA Niagara Development Corporation (USAN) today announced a Request for Proposals (RFP) for the redevelopment of a prime property in the heart of downtown Niagara Falls, New York.  The property is located at the intersection of First and Old Falls streets, two blocks from the entrance to Niagara Falls State Park, which attracts more than 9 million annual visitors. Totaling 1.829 acres with an appraised value of $4 million, the site was acquired in March 2019 through a strategic land acquisition program as part of the second phase of New York State’s Buffalo Billion initiative.  Acquisition of this key parcel was intended to support significant new mixed-use development.  “Located on Old Falls Street, the most heavily trafficked pedestrian route in Western New York, presents an exciting development opportunity,” said USAN President Anthony Vilardo.  “We envision redevelopment of the site with a high-density mix of uses and active ground-level retail that would contribute to visitor and resident offerings in downtown Niagara Falls.” “USAN has committed to improving the downtown core through its property acquisitions in 2019,” said City of Niagara Falls Mayor Robert Restaino. “The City looks forward to the results of the RFP on this very important and prime location.” After a robust strategic planning process for the state-owned properties in Niagara Falls (read the Niagara Falls Downtown Development Strategy full report here), this site was chosen as USAN’s first ground-up redevelopment target, although USAN is currently evaluating interim and long-term uses for the balance of its real estate portfolio. While open to any/all permitted uses, proposals for this RFP are intended to focus upon mixed-use infill development that further enhances the walkability and density of both First Street and Old Falls Street, while expanding street-level retail offerings to visitors and residents. Previous market analysis suggests there is unmet demand along the Old Falls Street corridor for at least one major upscale hotel, additional food and beverage facilities, as well as new residential units.  Due to the existing building’s condition, its prime downtown location and the local zoning allowance, USAN will demolish the marginal, low-slung structures currently on the site. USAN’s preferred use of the site is for a newly constructed, mixed-use building with ground floor retail and hotel, office or residential uses, reminiscent of the Imperial Hotel that once stood on the site. All RFP respondents should assume a clear, shovel-ready site when developing their proposals. The RFP is available here and proposals are due on December 10 at 4 p.m.  The Strategic Land Acquisition Program was created to assemble long-dormant properties located near Niagara Falls State Park in order to remove blight from the downtown area and expand the density of uses as downtown Niagara Falls grows into a year-round, sustainable neighborhood. 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 www.usaniagara.com. 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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