Regeneron: a global leader in biotech innovation

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

Regeneron: a global leader in biotech innovation

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

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Board Meeting

Thursday, March 18, 2021 - 11:00am
Due to public health concerns and as authorized by Executive Order of the Governor, 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 Wednesday, March 17, 2021.
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Press Release

Wednesday, March 17, 2021 - 4:38pm
New Headquarters Brings Organization Back to its Founding Neighborhood Urban League Empowerment Center Project Includes New York's First Museum Dedicated to Civil Rights, Plus Below-Market Office Space for Community Groups and Civic Organizations Site will include 170 Affordable Housing Units to Be Constructed with Support from New York State Homes and Community Renewal  Governor Andrew M. Cuomo today announced the groundbreaking for the National Urban League's new headquarters in Harlem, where the organization was first established over a century ago. The Urban League Empowerment Center, on 125th Street between Adam Clayton Powell, Jr. Boulevard and Lenox Avenue, will also include the Urban Civil Rights Museum Experience and the National Urban League Institute for Race, Equity and Justice, plus affordable housing, office space and retail space.  "For more than a century, the National Urban League has been vital in supporting the advancement of Black Americans and other historically underrepresented groups in New York State and across America, and has been particularly critical in helping get shots in arms as the state expands its vaccination effort," Governor Cuomo said. "This project exemplifies the League's mission that began more than a century ago in the same Harlem neighborhood, offering community support and education through affordable housing, lower-cost office space, and the state's first museum dedicated to civil rights history. As the challenges and struggles surrounding the fight for equal rights continue to today, this new headquarters is even more vital and I'm very proud that it's being built in New York." National Urban League President and CEO Marc H. Morial said, "New York City is where we were born, and I am proud that New York City is where we will stay. I am even more excited about the neighborhood economic development our new home represents. With affordable office space for non-profit organizations like One Hundred Black Men of New York, the United Negro College Fund New York, and the Harlem-based Jazzmobile, the Empowerment Center will be a hub and a catalyst for enterprise, creativity, activism and advocacy." As part of the $242 million project, the National Urban League will build a nearly 42,000-square-foot national headquarters in the same neighborhood where it was founded by Ruth Standish Baldwin and Dr. George Edmund Haynes in 1910. The site will also house the 19,500-square-foot National Urban League Institute for Race, Equity and Justice conferencecenter, and the nearly 21,500-square-foot Urban Civil Rights Museum Experience-New York's first civil rights museum to share and illustrate the story of civil rights advocacy in the north.  Read the full press release here.
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Board Meeting

Wednesday, March 17, 2021 - 2:00pm
Due to public health concerns and as authorized by Executive Order of the Governor, 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 Tuesday, March 16, 2021.  
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Public Notice

Tuesday, March 16, 2021 - 5:30pm
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Public Notice

Tuesday, March 16, 2021 - 5:30pm
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Public Notice

Tuesday, March 16, 2021 - 5:30pm
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Public Notice

Tuesday, March 16, 2021 - 5:30pm
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Public Notice

Tuesday, March 16, 2021 - 5:30pm
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Press Release

Tuesday, March 16, 2021 - 4:04pm
The River Road Research Facility Will Produce Alternative to Wild Caught Fishmeal and Reduce GHG Emissions Empire State Development (ESD) today announced River Road Research is building a pilot plant on Buffalo’s East Side that will transform food waste into a sustainable protein source useful in pet food, poultry, and aquaculture feed. The patented technology process addresses multiple environmental problems; decreasing the amount of waste headed to greenhouse-gas emitting landfills while reclaiming the key nutrients of the food waste to create an alternative and sustainable protein source. The project is expected to be complete in December 2021. “River Road Research’s pilot plant on Buffalo’s East Side is a symbol of the innovation-based economy that is emerging in Western New York, and boosting job creation while creating a cleaner, greener and more sustainable future,” said Lt. Governor Kathy Hochul. “This eco-friendly process will result in a reduction of food waste and pollution, and produce economically competitive protein from nonagricultural land.”  “Our state has a rich history of being on the cutting edge of agricultural industry technology. River Road Research is yet another example of the many innovative and groundbreaking companies that have chosen to grow and nurture their business in Western New York," said Empire State Development Acting Commissioner and President & CEO-designate Eric Gertler. "This company's decision to establish its pilot plant in this region will spur the local economy while creating jobs and helping Western New York build back better.” In the United States alone, more than forty million tons of food waste is produced annually, most of which is not recycled. Food waste is rich in energy, water, and nutrients. River Road Research recognizes food waste as the next “feed stock” for the international biomass economy and has developed a unique environmentally sustainable fermentation technology that stabilizes food waste and transforms it into an ideal feed for insect rearing.  Using the food waste as an insect feed, River Road Research will raise black soldier fly larvae for protein meal.  The insect-based protein meal can be used as a substitute for less sustainable protein ingredients currently used in animal and aquaculture feeds. In addition to the problem of food waste, our oceans are being depleted as a protein source for our growing global population.  Over half of the global population relay on our oceans as a protein source, which has contributed to both overfishing and a loss of diversity of species.  By sustainably converting food waste into a protein source useful in poultry and aquaculture feed formulations, we can reduce pressure on the forage fish critical to our ocean's health. The global pandemic has also revealed many weaknesses in food security.  According to NOAA Fisheries reporting, the United States imports about $17B more seafood than it exports.  This trade imbalance constitutes an opportunity to create ‘green collar’ jobs domestically by investing in the aquaculture industry.  River Road Research believes that domestically produced, sustainable and affordable protein will help support expansion of the aquaculture industry in the United States, and in New York State. “There is currently a great need to find better solutions for the disposal of food waste.  Additionally, the growing global population demands a sustainable source of protein for animal and aquaculture feeds,” said Scott Ernst, Managing Director of River Road Research.  “Our process provides a solution to these societal level issues, and it does so in an economic yet still responsible way. The process reclaims and re-uses virtually all the key nutrients in the food waste while generating fewer greenhouse gas emissions than alternatives such as landfilling, composting, and anaerobic digestion.”   River Road Research Buffalo Pilot Plant will be located at 52 Leslie Street, a previously abandoned building on Buffalo’s East Side.  River Road Research will be investing $1,311,000 and creating 7 full-time jobs. They are eligible for up to $56,000 through the Excelsior Tax Credit Program in exchange for promised job commitments. The New York Power Authority is also supporting the project with a $220,000 award under the Western New York Power Proceeds program to River Road Research that will leverage more than $1 million in capital investments. The NYPA funding award is made possible through net earnings resulting from the sale of unused hydropower generated at NYPA's Niagara power plant and stems from power proceeds legislation signed into law by Governor Cuomo in 2012. John R. Koelmel, NYPA chairman and Buffalo resident, said, “New, innovative companies—like River Road Research—are being drawn to Buffalo as a place to establish themselves and grow. It’s exciting to witness the Western New York economy expand and NYPA is proud to be a contributing factor in bringing new enterprises and fresh ideas to the region.” The concept of domesticating black soldier flies to break down food and reuse it as feed has been practices for several decades. The process (shown here) relatively simple; adult black soldier flies mate, the females lay eggs which are collected to incubate. Several days later the larvae hatch and the pre-processed food waste is brought in to be fed to black soldier fly larvae, in a specially constructed growth room. The larvae will then act as bioreactors, digesting the food waste. A black soldier fly larva can consume twice its weight in food each day. After they reach their desired size the larvae are harvested and dried, then separated from bedding material and processed in a screw press to separate oil from protein meal.  This insect-based protein meal is a substitute for fish meal or other conventional proteins in aquaculture and poultry feeds.  River Road Research also has significant capability to produce non-synthetic fertilizers and plant growth enhancer products to support carbon sequestration in crop farming. Senator Tim Kennedy said, "As we build back after the COVID-19 pandemic, we must prioritize innovative ways to strengthen New York's economy and invest in sustainable alternatives that align with New York's environmental goals. River Road Research's pilot plant in Buffalo will help to grow our city's workforce, and further enhance our state's commitment to creative, green strategies that will carry us forward." Assembly Majority Leader Crystal Peoples-Stokes said, "I'd like to congratulate and thank River Road Research for choosing the Bailey Green neighborhood for establishing their sustainable business and creating jobs. Reducing the amount of food waste that ends up in landfills and repurposing it as feed stock are just the type of alternative and sustainable solutions New York is seeking to combat climate change.” Mayor Byron Brown said, "This creative effort to transform food waste into a product that can be used as animal and aquaculture feed, is a great fit for the City of Buffalo as we broaden our commitment to the environment as a Climate Refuge City which has adopted Climate Smart and Clean Energy policies. It also fits with our increasingly successful household recycling efforts, which have grown to include form waste recycling. I also applaud River Road Research’s selection of a long vacant site on Buffalo’s East Side as home of the pilot project, as well as the creation of new jobs and the potential for growth of a new industry.” County Executive Mark Poloncarz said, “Buffalo’s East Side continues its’ revitalization with River Road Research’s decision to build a plant on Leslie Street, an investment of over $1.3 million that creates seven new jobs and brings an old, unused building back to life. It’s a big win for the community and another example of why Erie County is a great place to locate and grow a business.” More information about River Road Research can be found here. 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 NY,” the State’s iconic tourism brand.  For more information on Regional Councils and Empire State Development, please visit www.regionalcouncils.ny.gov and www.esd.ny.gov. Contact: Pamm Lent | [email protected] | (716) 846-8309 Laura Magee | [email protected] | (716) 846-8239
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Press Release

Tuesday, March 16, 2021 - 11:24am
$25 Million Luminate NY Initiative Continues to Bring the Best Startups with Optics, Photonics, and Imaging Technologies to the Finger Lakes Region to Tap World Class Resources and Grow the Economy The Competition is Supported by “Finger Lakes Forward” – The Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy Empire State Development (ESD) today announced the 10 companies selected to take part in Round 4 of the Luminate NY accelerator program and competition. A total of 126 startups from 22 countries and 21 U.S. states applied for consideration to be a part of the world’s largest accelerator for startups with optics, photonics, and imaging (OPI) enabled applications. The companies were selected after pitching their innovative ideas to an advisory panel comprised of industry experts. Each finalist will receive an initial investment of $100,000 and will have the chance to compete for up to $2 million in follow-on funding upon completion of the accelerator program. This fourth cohort of Luminate NY will begin on April 5, 2021. The six-month program will help the companies speed the commercialization of their technologies and business. Funding for the $25 million program, which is administered by NextCorps, is provided through the Finger Lakes Forward Upstate Revitalization Initiative. Empire State Development President & CEO-designate Eric Gertler said, “Congratulations to the 10 entrepreneurial companies selected as finalists for Luminate NY’s fourth cohort. No doubt the cutting-edge ideas from these optics, photonics, and imaging startups will continue to drive innovation and opportunity in the Finger Lakes Region and throughout New York State.” Luminate NY supports innovators as they further develop their technologies in Rochester with help from industry experts, businesses, and local universities. This cohort is solving challenges within a number of industries, including, but not limited to: augmented and virtual reality, healthcare, agtech, architecture/buildings, optics, and autonomous systems, imaging, and vehicles. The accelerator competition will require that the winners commit to establishing operations in Rochester for at least 18 months. The 10 selected startups include: Andluca Technologies—UV-solar-powered smart glass for improving the energy efficiency of buildings Dynocardia Inc.—First non-invasive blood pressure (NIBP) method that measures BP continuously and with accuracy compared to the gold standard Infrascreen SA—Nanotech solutions for better climate control in greenhouses Layer Metrics Inc.—Monitoring system that enables intelligent 3D printing Mesodyne—Ultra-high, energy-density compact power generators that increase the endurance of small autonomous systems by 10x over batteries alone Momentum Optics—High-quality, affordable, and rapidly delivered custom optics OSCPs Motion Sensing Inc.—Inertial navigation sensors for autonomous vehicles Owl Autonomous Imaging— World’s only 3D Thermal Ranger™, providing HD imaging and precision ranging that is a 150x improvement in resolution and cloud density of LiDAR PreAct Technologies—Sensors and software that make it possible to angle car seats away, deploy airbags earlier, and raise the car suspension before the impact of a crash occurs to save lives 2EyesVision—First technology that allows people to quickly and accurately compare the different corrections available for presbyopia Additional companies will take part in the program out of the finalist structure. Far UV Technologies, Inc., Qunnect, and Intelon Optics are joining the accelerator to gain access to regional resources, and XR Nanotech and IRIS Light Technology will be auditing the program to help prepare and advance their businesses for applying to accelerator programs in the future. Luminate NY Managing Director Sujatha Ramanujan said, “The companies selected have the potential to truly disrupt their categories. With access to our renowned regional resources, mentors, and investor network, we’ll help them speed the commercialization of their offerings so that they can have a meaningful impact on our world and on our regional community.” Since its inception, Luminate has invested $7.15 million in 30 startups. The companies in the portfolio have raised an additional $26 million and now share a net worth of $160 million. Many of companies that have taken part in previous rounds of the competition have established U.S. operations or some aspect of research and manufacturing in the Rochester region—which continues to be the epicenter of the OPI industry in North America. This has resulted in the creation of 80 new jobs in the region, and an additional 25 jobs supported through contract manufacturing. Finger Lakes Regional Economic Development Council Co-Chairs, Greater Rochester Chamber of Commerce President and CEO Bob Duffy and SUNY Geneseo President Denise Battles said, “Congratulations to these innovative teams on their selection to take part in the fourth round of the groundbreaking Luminate NY accelerator program, which is working to further grow the optics, photonics, and imaging industry in Rochester. This unique competition is helping the entire region to further establish itself as the global leader in the light-based products and services industry, helping to move the Finger Lakes forward for years to come.” State Senator Jeremy Cooney said, “Innovation is critical for economic growth and progress in our region. Programs like the Luminate Accelerator at NextCorps bring resources and opportunity to entrepreneurs doing the work to solve problems in new and creative ways. I look forward to hearing more about these startups and the positive impact they can make in Rochester and the world.” Assembly Member Harry Bronson said, “Congratulations to the 10 finalists selected for Round 4 of the Luminate New York accelerator competition. I know their entrepreneurial spirit will create projects that will provide the future of job and economic growth for our state and nation. Each of these projects are forward facing and will help build a brighter future for our families.” Monroe County Executive Adam Bello said, “The Luminate NY Initiative is a crucial part of drawing attention to the optics, photonics and imaging industry which thrives in our region. As Monroe County continues to diversify from its roots as a manufacturing community, the stage we put our blossoming industries on is of similar importance to the industries themselves. I commend the work Empire State Development is doing to shine a light on what our region has to offer for entrepreneurs and established firms alike. I would also like to offer congratulations to the final 10 companies in the Luminate NY accelerator program on the work they have done in their respective fields to be in consideration.” Mayor Lovely A. Warren said, “I want to congratulate all the fourth-round finalists in the Luminate NY accelerator competition and wish them luck in this next, exciting phase of their development as Rochester job creators. These companies are already winners in this unique program to support and encourage innovation in optics, photonics, and imaging around the world. I remain grateful to Governor Cuomo and Empire State Development for bringing these 21st century innovators to Rochester through Finger Lakes Forward and helping us achieve our goals of creating more jobs; safer, more vibrant neighborhoods; and better educational opportunities for our citizens.” For additional information about the Luminate NY accelerator, visit https://luminate.org/ For additional information about Nextcorps, visit  https://nextcorps.org/ Accelerating Finger Lakes Forward  Today’s announcement complements “Finger Lakes Forward,” the region’s comprehensive blueprint to generate robust economic growth and community development. The State has already invested more than $8.07 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. 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 | [email protected] | (585) 399-7055 Press Office | [email protected] | (800) 260-7313
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