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

Thursday, July 8, 2021 - 3:34pm
Redevelopment Project Received $500,000 Through the Better Buffalo Fund   Affordable Housing and Retail Space Adds to the Revitalization of the HertelAvenue Business District in North Buffalo  Photo of Project Available Here  Governor Andrew M. Cuomo today announced completion of a $7 million project to redevelop a brownfield into affordable housing and retail space in a revitalizing part of North Buffalo. Supported by the Better Buffalo Fund and located in the heart of the Hertel Avenue Business District, the five-story mixed-use building includes ground-floor retail space, residential apartments on the upper floors, and underground parking.   "Our efforts to build back a better New York depend on projects that bring new opportunity to residents and businesses alike," Governor Cuomo said. "This project, like many others supported through targeted investments from the Better Buffalo Fund, is helping to transform a once vacant site into a vibrant mixed-use space that will bring new vitality to an area of the city that is on the rise."   "We not only want to provide every Western New Yorker with the dignity of a roof over their head, but also the keys to opportunity," said Lieutenant Governor Kathy Hochul. "The completion of new commercial and affordable housing in the HertelAvenue Business District is yet another important step in Buffalo's post-pandemic economic comeback story."  Read the full press release here.
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Press Release

Wednesday, June 30, 2021 - 10:22am
The Leading Online Retailer Specializing in Pre-Owned Ultra-Luxury Women's Accessories Will Invest $4 Million to Launch East Coast Headquarters Empire State Development today announced FASHIONPHILE, based in Carlsbad, California, will invest $4 million to establish an East Coast headquarters in New York City.  The luxury recommerce company will lease over 60,000 square feet on the fourth floor of RXR Realty’s Starrett-Lehigh Building in West Chelsea and has signed a 10-year-lease to expand its operations beginning in 2022.   Empire State Development Acting Commissioner and President & CEO-Designate Eric Gertler said, "FASHIONPHILE's decision to establish its East Coast Headquarters in New York City is further validation of the importance of building your business in New York State and demonstrates that this is a great environment for next generation companies looking to recruit talent and grow in a post-covid world. E-commerce is one of the many engines supporting the state's economic recovery, helping us to build back better and smarter, and we look forward to witnessing FASHIONPHILE's growth and success in the Empire State." “Over the past two decades, FASHIONPHILE has grown to become a truly bicoastal company, and we are thrilled to finally open an office in the heart of New York City,” said Ben Hemminger, CEO of FASHIONPHILE. “We are proud to be part of the city's recovery efforts and are grateful to the State of New York and Empire State Development for creating the incentives we needed to make this exciting expansion happen for our company." FASHIONPHILE, known for its extensive inventory of pre-owned, ultra-luxury designer handbags, jewelry and accessories, is a leading luxury e-commerce company and is ranked as one of the top ten searched fashion brands.   Empire State Development has offered FASHIONPHILE $3.5 million in performance-based Excelsior Jobs Program tax credits over the next ten years in exchange for the company’s job creation commitment of 148 new, high-paying jobs. The project is expected to be complete by the end of 2025.  This expansion marks FASHIONPHILE’s first corporate presence in New York City and follows the opening of their Madison Avenue showroom in 2018. In addition to the company’s existing headquarters in Carlsbad, California — which includes a 30,000-square-foot showroom and authentication center — FASHIONPHILE currently operates two technology offices in Los Angeles and Provo, Utah, and is the exclusive re-commerce partner of Neiman Marcus. 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 Cuomo’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.   About FASHIONPHILE Founded in 1999, FASHIONPHILE is the leader in buying and selling ultra-luxury pre-owned handbags and accessories online. The recommerce pioneer ranked as one of the most searched fashion brands on Google in 2018 and is known for its never-ending inventory of the most coveted handbags, a direct buyout model, and best-in-class authentication. Contact: Kristin Devoe | [email protected] | (518) 414-1087 ESD Press Office | [email protected] | (800) 260-7313
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Report

Tuesday, June 29, 2021 - 5:07pm
This report summarizes the operations and accomplishments of New York State’s Life Science Initiative for 2020. The report provides background on the Initiative, summarizes the $520 million in planned State investment, describes life science projects that have already been initiated and lists other information with respect to the operations and accomplishments of the Life Science Initiative.  Life Science Initiative Annual Report - 2020 
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Press Release

Monday, June 28, 2021 - 11:24am
The Finger Lakes Regional Economic Development Council (FLREDC) today held a virtual public meeting to discuss its continued efforts to support and reimagine transformative projects aimed at harnessing and maximizing the region’s future. Additionally, the council today welcomed two new members to the council that is tasked with implementing a focused, strategic plan that reflects the Finger Lakes region’s efforts to ensure sustainable and long-term growth in the nine-county region. DeAnna Burt-Nanna, President, Monroe Community College and Faheem Masood, President and CEO, ESL Federal Credit Union will replace Lisa Barnes and longtime member Augie Melendez, Chief Human Resources and Diversity Officer at Hillside Family of Agencies, on the council. The FLREDC is working to leverage the region’s advantages in key industry sectors, including agriculture and food production, healthcare and life sciences, optics, photonics and imaging, tourism, arts and skills and talent development. The FLREDC represents a nine-county region composed of Genesee, Livingston, Monroe, Ontario, Orleans, Seneca, Wayne, Wyoming and Yates counties. FLREDC Co-Chairs, Greater Rochester Chamber of Commerce President & CEO Bob Duffy and SUNY Geneseo President Denise Battles said, "We want to thank Lisa and Augie for their tireless efforts in assisting with our mission.  Augie has been with us since the beginning, dedicating himself to our mission and working tirelessly to improve the economic outlook of the Finger Lakes region. Lisa’s expertise in regional business and economic development has served our community well during her tenure. Their contributions and impact on this community cannot be overstated. While we are saying goodbye to two great leaders, we are excited to welcome Dr. DeAnna Burt-Nanna and Faheem Masood to the Council. Together, we will continue to work toward our mission of ensuring a strong and prosperous future for our region. We remain steadfast in our commitment to move the Finger Lakes forward and are lucky to have them with us in that effort." In May of 2021, Governor Cuomo launched Round XI of the Regional Economic Development Council initiative, officially kicking off a new decade of economic development in a post-pandemic recovery. The 2021 funding round includes more than $750 million in state economic development resources. The Regional Councils will identify and recommend priority projects that will be eligible for up to $150 million in capital funds on a rolling basis, meaning projects will be reviewed throughout the round. An emphasis will be placed on project readiness and alignment with each region's strategic plan. Additionally, projects within each region will also be eligible for a share of $75 million in Excelsior Tax Credits to help attract and grow business in the region. Projects from all 10 regions submitted through the CFA will be eligible for over $525 million in other state agency funds, which are available on a set timeline. Regional Economic Development Councils will review these projects and provide scores that reflect how well a project aligns with a region's goals and strategies. Over the past 10 years, the Regional Economic Development Councils have revitalized the state's economy from the ground up through a community-based and performance-driven approach to economic development. To date, the Finger Lakes REDC has received $721 million for 950 projects. The 2021 REDC Guidebook and list of available resources is accessible here. The CFA - available here - deadline for applications is Friday, July 30 at 4 p.m.  DeAnna Burt-Nanna, President, Monroe Community College said, “I’m excited to join the Finger Lakes Regional Economic Development Council to realize a vision that will bring our economy back quickly and energize those who love to live, work and learn here. A highly motivated and educated workforce will make all the difference and MCC is ready to do its part.”  Faheem Masood, President and CEO, ESL Federal Credit Union said, “It is an honor to represent ESL and serve on the Finger Lakes Region Economic Development Council. The work conducted by this council in partnership with Empire State Development continues to be vital to the progress and resiliency of our regional economy. I look forward to collaborating with my fellow councilmembers in our collective efforts to develop a more prosperous Finger Lakes region.” 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. Contact: Shari Voorhees-Vincent | [email protected] | (585)399-7055 ESD Press Office | [email protected] | (800) 260-7313
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Report

Friday, June 25, 2021 - 4:02pm
Empire State Development oversees administration of the film production and post-production tax credits. This report reflects program activity during this quarter. The information presented includes projected spending, hires, and estimated credits for film and post-production projects deemed eligible to participate in the program, and, pursuant to new reporting requirements, actual spending, hires and credits issued to projects that have been completed and audited. 1. 03/31/2021: Film Tax Credit - Quarterly Report, Calendar Year 2021: 1st Quarter 
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Report

Friday, June 25, 2021 - 4:00pm
The New York Manufacturing Extension Partnership (NY MEP) is a network of organizations that provide growth and innovation services to small and mid-sized manufacturers in every corner of the state to help them create and retain jobs, increase profits, and save time and money. New York Manufacturing Extension Partnership 2020 Report
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Report

Friday, June 25, 2021 - 3:12pm
Empire State Development’s Division of Science, Technology & Innovation (NYSTAR) manages the Centers of Excellence program with a goal of fostering collaboration between the academic research community and business sector to: develop and commercialize new products and technologies; to promote critical private sector investment in emerging high-technology fields in New York State; and to create and expand technology-related businesses and employment. Centers of Excellence Report (FY 2018-2019)
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Report

Friday, June 25, 2021 - 3:09pm
The Linked Deposit Program (LDP) was created to encourage and assist New York State manufacturers and small businesses to undertake investments that improve performance and competitiveness, leading to a stronger economy for New York State.  Linked Deposit 2020 Annual Report
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Report

Friday, June 25, 2021 - 3:07pm
The Entrepreneurship Assistance Centers (“EAC” or “Centers”) is an enterprise development program with centers in local communities throughout New York State. The EAC provide instruction, training, technical assistance and support services to individuals who have recently started their own business or are interested in starting a business and also strengthen the operation of these firms during the early stages of development. EAC Annual Report: 2019-20
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Press Release

Friday, June 25, 2021 - 2:40pm
First of its Kind Cidery uses Minimal Energy for Heating and Cooling Harnessing the Power of the Seasons Photos May be Viewed Here Empire State Development (ESD) today announced that Seminary Hill Cidery has completed construction of its new building to house cider making operations, while serving as a tasting room to welcome residents and visitors. The cider maker and orchard, located in the Hamlet of Callicoon, Sullivan County, invested $4.9 million to build the new facility at its 12-acre orchard that features more than 1,500 trees growing over 60 American heirloom, English and French varieties of apples and pears. Seminary Hill focuses on a holistic approach to the orchard's ecosystem, growing fruit without the use of chemical pesticides. Empire State Development Acting Commissioner and President & CEO-Designate Eric Gertler said, “The craft beverage industry is booming in New York State and Seminary Hill Cidery is a great example of a company that is benefiting from the abundant natural resources of the area, while doing their part to create jobs, invest in the region and reduce their environmental footprint in the process.” Doug Doetsch, Founder & CEO of Seminary Hill said, “Without our partnership with Empire State Development, Seminary Hill simply would not have been able to build this production and tasting room facility, which we hope will be a model for sustainable architecture and agri-business,” New York State Executive Director of Tourism Ross D. Levi said, "The new tasting room and event space at Seminary Hill Cidery is the perfect complement to any trip in the Catskills. I LOVE NY is proud to support this project through our Market New York program, and we hope that more visitors - especially craft beverage enthusiasts - include a stop at Seminary Hill as part of their next New York State vacation." Mid-Hudson Regional Economic Development Council Co-Chair and SUNY New Paltz President Donald Christian said, “This investment in Seminary Hill Cidery is also an investment in the surrounding community which will benefit from an inviting and unique space that will attract visitors to the region and residents alike.” Seminary Hill Cidery has all the makings of a distinctive destination that will be enjoyed and appreciated for years to come.” The new tasting room and cidery is clad with larch wood reclaimed from the underwater pilings of the original Tappan Zee Bridge and decorated with recycled woodwork from oak trees felled to build the property. The Cidery is the first of its kind constructed according to the standards of Passive House, consuming minimal energy for heating and cooling by taking advantage of direct sun during the winter and shade during the summer. The expansion will add 13 new jobs and was supported by $900,000 in ESD grants: a $500,000 Market New York capital grant, and a $400,000 grant recommended by the Mid-Hudson Regional Economic Development Council.   "The Completion of the Seminary Hill Cidery is a big win for Sullivan County," said Senator Mike Martucci. “The innovative Passive House construction will ensure that we continue to progress in our emissions goals while still creating jobs and spurring growth in the local economy. This project is further proof that economic development and environmental stewardship are not mutually exclusive. "  Assemblywoman Aileen M. Gunther said, “I am thrilled to see the completion of the Seminary Hill Cidery House and Event Space. This magnificent project is a welcome addition to the fantastic renaissance we have seen in Sullivan County over the last few years. I would like to congratulate Seminary Hill, and I look forward to their success as a thriving part of the Sullivan County business community.” Taking advantage of a spectacular location high above Callicoon, Seminary Hill Cidery is an excellent addition to our growing list of attractions that blend with the natural surroundings,” said District 5 Legislator George Conklin, who represents the Callicoon region on the Sullivan County Legislature. “Thanks to the critical help of Empire State Development and the commitment of the owner to nurture his roots in Sullivan County, we have an incredible place for people to visit and – just as importantly – for locals to work. This is a public-private partnership done the right way.” Delaware Town Supervisor Stephan F. Lundgren  said, “I offer my heartfelt thanks to Susan and Doug Doetsch, who have recently bestowed on the hamlet of Callicoon three exquisite gems that demonstrate their love and respect for this small riverside community: the state-of-the-art Seminary Hill Cidery, the 1,500-tree organic orchard, and the painstakingly restored and repurposed Boarding House which once was the Callicoon Hospital. Congratulations and best wishes!” Contact: Kristin Devoe | [email protected] | (518) 414-1087 ESD Press Office | [email protected] | (800) 260-7313
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