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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Report

Tuesday, April 30, 2019 - 12:17pm
As required by statute, these reports contain the status of economic development programs administered by Empire State Development. Funding for the projects listed herein was approved by ESD during Fiscal Year 2018-19. Quarterly Status Report - First Quarter of Fiscal Year 2018-2019 Quarterly Status Report - Second Quarter of Fiscal Year 2018-2019 Quarterly Status Report - Third Quarter of Fiscal Year 2018-2019 Quarterly Status Report - Fourth Quarter of Fiscal Year 2018-2019
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Press Release

Monday, April 29, 2019 - 3:44pm
April 29, 2019 – New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas and Empire State Development President, CEO and Commissioner Howard Zemsky today announced that construction on the $13 million state-of-the-art Boys & Girls Clubs of Schenectady is 50 percent complete. The 39,450-square-foot location in Quackenbush Park will allow the youth organization to expand their services and triple daily attendance, and is strategically located between Mont Pleasant Middle School and Pleasant Valley Elementary on the border of both the Mont Pleasant and Hamilton Hill neighborhoods. “This much-needed new facility for the Boys & Girls Clubs of Schenectady will continue the transformation of the Hamilton Hill and Mont Pleasant neighborhoods and will ensure that these children have the educational, social, and economic opportunities that all New Yorkers deserve,” Commissioner Visnauskas said. “We are grateful to our many community partners who have invested in the project and we look forward to seeing the kids enjoying the new facility when it is complete.” Commissioner Zemsky said, “For more than 80 years, the Boys & Girls Clubs of Schenectady have provided vital programs and services for local children and families, and the new facilities will enable the Clubs to reach more residents and create stronger communities.” Located at 1097 Forest Road, the Boys & Girls Clubs of Schenectady will include a 4,000-square-foot teen center, a commercial learning kitchen, large game rooms, technology centers, several program rooms, a gymnasium with bleachers that can be divided into three separate gyms, a performance theater designed in partnership with Proctors and administrative offices. The prior location in Hamilton Hill was unable to keep up with the needs and demands of young people in Schenectady’s neighborhoods, and the new facility is expected to work with over 300 children daily, nearly triple the number who attended the clubhouse in the former facility on Craig Street. Financing for the $13 million project includes $3 million from Homes and Community Renewal’s Community Investment Fund and $2.4 million in equity that will be generated from New Market Tax Credit allocations from Empire State Development and The Community Builders. JP Morgan Chase is the Equity Investor. An additional $7.8 million has been raised through the generous donations of individuals, foundations and corporations.  Senator Jim Tedisco said, “The Boys and Girls Club of Schenectady is a very special place that helped mold me as a young person and continues to give a helping hand to kids and sets them on the path to personal success. I was proud to sponsor and pass legislation in the Senate to allow for construction on this new facility which will provide a fun and safe place for children in Hamilton Hill and Mont Pleasant as well as others to learn and grow.” Assemblymember Angelo Santabarbara said, “New York has a proven track record of partnering with Boys and Girls Clubs across the state to meet the needs of our community’s families. When we invest in our communities, we’re invest our future. This exciting new project is another important step towards meeting the needs of local families offering services and resources that help revitalize our neighborhoods and build a stronger Schenectady.” Mayor Gary McCarthy said, “We are very excited about the great progress being made on the new state-of-the-art Boys & Girls Clubs facility in Schenectady. This is a critical investment for our youth in the Hamilton Hill and Mont Pleasant neighborhoods with its close proximity local schools and strategic revitalization initiatives along the Craig Street – Main Avenue corridor. I would like to sincerely thank Governor Cuomo and Commissioner Visnauskas for their support of this key investment in the future of our community.” BGCS Executive Director Shane Bargy said, “A new state-of-the-art facility enables us to not only work with thousands of additional young people annually, but allows us to work with them more effectively utilizing the latest technologies in a safe environment.  The kids in Schenectady need and deserve to have a modern club designed specifically for them to learn, grow and have fun.” Sue McCann, TCB Regional Vice President, NY/NJ said, “We’re excited to work with and support the Boys & Girls Club of Schenectady, an integral part of the community, by allocating New Markets Tax Credits for the construction of a new state of the art facility, the largest investment in our youth in Schenectady’s history. The new Boys & Girls Club will directly benefit our residents in the Hamilton Hill neighborhood.” En Jung Kim, Executive Director, New Markets Tax Credit Group, Chase, said, “The Boys & Girls Club of Schenectady is an essential part of the local community, offering a safe and inclusive place for young residents to engage in life-enhancing programs. Through the New Markets Tax Credit investment, this development will help improve the learning experience and provide more opportunities for local youth to grow.”    The Boys & Girls Clubs of Schenectady Since 1936, BGCS has served young people from every walk of life, especially vulnerable youth who are at risk. Eight decades later, it is the largest youth development organization in Schenectady County, with 16 sites, including extensions, summer parks, all of the City of Schenectady’s swimming pools and Camp Lovejoy. The organization serves over 12,000 children and teens annually in some of Schenectady’s most distressed neighborhoods. NYS Homes and Community Renewal New York State Homes and Community Renewal (HCR) works to create, preserve and improve affordable homes, and to develop vibrant communities. HCR is executing Governor Andrew M. Cuomo’s unprecedented $20 billion, five-year Housing Plan, which is making housing accessible and combating homelessness by building and preserving more than 100,000 units of affordable housing and 6,000 supportive apartments. The plan is a comprehensive approach to statewide housing issues, and includes investing in multifamily and single-family housing, furthering community development strategies, and preserving rent stabilization. For more information on HCR, its programs and its initiatives, please visit hcr.ny.gov and follow us on Twitter @NYSHCR.   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, visit www.regionalcouncils.ny.gov and www.esd.ny.gov.     Contact: ESD Press Office | [email protected] | (800) 260-7313 HCR Press Office | [email protected] 
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Press Release

Monday, April 29, 2019 - 9:40am
Governor Andrew M. Cuomo today announced that Yext, an international digital knowledge management technology company, plans to expand its New York City headquarters, creating 500 new high-paying jobs over the next five years. The company plans to invest tens of millions of dollars into its new 142,500-square-foot headquarters at 61 Ninth Avenue in Manhattan, growing its workforce to more than 1,100 in New York State. "Tech companies like Yext are thriving and expanding across the state thanks to New York's top-notch talent, educational institutions and cultural resources," Governor Cuomo said. "We are proud to support companies that invest in New York State and grow our innovation hubs, which in turn attract more world-class businesses and further elevate our 21st century economy." "This expansion of Yext will allow for continued growth of the tech company and create 500 new, good paying jobs in New York City," said Lieutenant Governor Kathy Hochul. "The significant investment will increase the company's workforce to over 1,000 in the state, further advancing the high-tech industry in New York and strengthening the economy." Founded in 2006 in New York City, Yext is a Software as a Service (SaaS) cloud technology company that gives companies control over their brand experiences across the digital universe of maps, apps, search engines, voice assistants and other intelligent services that drive consumer discovery, decision and action. Yext has been recognized by Deloitte as one of America's "Fastest Growing Companies" and one of Fortune's "Best Places to Work." Yext currently employs approximately 1,000 people globally in Berlin, Chicago, Dallas, Geneva, London, Paris, San Francisco, Shanghai, Tokyo and the Washington, D.C. area, including 600 in New York City. Read the complete press release here. 
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Press Release

Thursday, April 25, 2019 - 2:38pm
Governor Andrew M. Cuomo today launched Round IX of the Regional Economic Development Council initiative, officially kicking off the 2019 competition for more than $750 million in state economic development resources. The Consolidated Funding Application will open to applicants on May 1, enabling businesses, municipalities, not-for-profits and the public to begin applying for assistance from dozens of state programs, through a single application, for job-creation and community development projects. "The Regional Economic Development Council process has spurred transformational investments in our communities and strengthened local economies throughout the state," Governor Cuomo said. "As we enter the ninth round of this exciting competition, we are as committed as ever to this bottom-up approach to foster regional partnerships and make strategic investments that keep these economic engines humming for decades to come." "The Regional Economic Development Councils have brought together local leaders and stakeholders to identify projects and build communities across the state," said Lieutenant Governor Kathy Hochul, Chair of the statewide Regional Economic Development Councils. "New York has seen tremendous growth in all 10 regions as part of the REDCs. We're continuing to invest resources and build upward momentum with another round of our signature economic development competition." Read the complete press release here.
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Press Release

Monday, April 22, 2019 - 2:46pm
Investment Complements “Southern Tier Soaring” - The Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy Empire State Development today announced the ceremonial groundbreaking at SUNY Corning Community College (SUNY CCC) for their STEAM Innovation Center, which will explore and expand public-private partnerships with local employers to meet workforce needs. The STEAM Innovation Center will also be home to the Mechatronics Lab and Innovation Hub and will incorporate academic programs including digital design and mechatronics, a multidisciplinary field combining electronics and mechanical engineering. Empire State Development President, CEO & Commissioner Howard Zemsky said, “As we continue in invest in companies that will bring jobs of the future to New York State, we need to have skilled workers to fill those jobs and the new STEAM Innovation Center is a smart investment to meet the evolving needs of our growing workforce.” “We are grateful to New York State and the Governor for the continued support of our mission to prepare students for rewarding careers in the 21st century as we meet the needs of local business and industry,” said Dr. Katherine P. Douglas, President of SUNY Corning Community College. “The Center for STEAM Innovation will be an interdisciplinary facility that will unleash the power of innovation and collaboration as a result of the transformative power that comes from working in synergy across boundaries. The programs that the Center will help us develop will further empower us to meet our region’s workforce needs – with new programs and new training techniques, including apprenticeship opportunities.”  To support the STEAM Innovation Center, SUNY CCC was awarded a $1 million CFA grant as part Round VIIIof the Regional Economic Development Council awards in 2018. The funding will be used for site upgrades and to purchase and to install state-of-the-art equipment that will be used to prepare students with a rigorous education in new and emerging areas of technology, design, and science that supports industries such as advanced manufacturing. Senator Tom O'Mara said, "Corning Community College's new STEAM Innovation Center will be an exciting and critical addition to our regional efforts to build and grow the workforce of the future.  It promises to be a pipeline of talent for local manufacturers and other employers." Assemblyman Phil Palmesano said, "The workers who will be trained at the STEAM Innovation Center will re-energize and revitalize advanced manufacturing and other Southern Tier industries. We are excited and grateful to welcome this state-of-the-art, public-private workforce development initiative to our region, and we look forward to its success."  “Steuben County is very excited for the groundbreaking of the STEAM Innovation Center at CCC,” said Steuben County Manager Jack Wheeler. “CCC is a critical component of the economic and workforce development system in the region, and the STEAM Innovation Center will be yet another innovative initiative on campus. We are grateful for the investment by New York State and ESD, and look forward to the inevitable success of the program.” Corning Mayor William M. Boland Jr. said, “The STEAM Innovation Center continues the impactful leadership initiatives of Corning Community College. With this initiative comes a new commitment to 21st century challenges and opportunities. With it will come a workforce prepared to move lives and America forward to bright and optimistic futures.” Accelerating Southern Tier Soaring  Today's announcement complements “Southern Tier Soaring the region’s comprehensive blueprint to generate robust economic growth and community development. The State has already invested more than $6.2 billion in the region since 2012 to lay for groundwork for the plan – attracting a talented workforce, growing business and driving innovation. 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 Binghamton, Johnson City and Corning as a destination in which to grow and invest. Now, the region is accelerating Southern Tier Soaring 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 10,200 new jobs. More information is available 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 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, visit www.regionalcouncils.ny.gov and www.esd.ny.gov.     Contact: Kristin Devoe | [email protected] | (518) 292-5107 Press Office | [email protected] | (800) 260-7313
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Press Release

Monday, April 22, 2019 - 11:55am
Company Plans to Add Nearly 150 New Jobs and Retain a Minimum of 950 Existing Jobs at Dutchess County Facility Governor Andrew M. Cuomo today announced that ON Semiconductor, a Fortune 500 company with a global customer base, will expand operations in New York State by purchasing and preserving the existing GLOBALFOUNDRIES Fab 10 manufacturing facility located in East Fishkill, Dutchess County. ON Semiconductor has committed to invest more than $720 million over 10 years in the East Fishkill facility to establish its first 300mm chip manufacturing plant, further fueling strategic growth for the company in the areas of power management including automotive electrification, 5G mobile networks, cloud computing and alternative energy. "ON Semiconductor's decision to expand and grow its operations in New York State is proof positive that smart investments in our innovation economy are working and fueling New York's unprecedented growth," Governor Cuomo said. "We're glad ON Semiconductor is choosing to deepen its roots here and its commitment to New York State." "This agreement with ON Semiconductor continues to advance the high-tech industry in the Hudson Valley," said Lieutenant Governor Kathy Hochul."The company's investment will further advance chip manufacturing in New York State and add over 100 jobs and retain nearly 1,000 in Dutchess County. We are committed to ensuring the continued growth of the industry and strengthening the economy of New York State." Read the complete press release here. 
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Press Release

Thursday, April 18, 2019 - 3:59pm
USA Niagara Development Corporation (USAN) today announced that Anthony Vilardo will join USAN as President.  USAN, a subsidiary of Empire State Development (ESD), supports and promotes economic development initiatives in Niagara Falls by leveraging private investment and encouraging growth and renewal of the tourism industry in the city.  Vilardo starts at USAN on May 6, 2019.  The USAN Board of Directors will be requested to approve Vilardo’s appointment to the office of President of USAN at its next meeting, scheduled for May 8, 2019.  See headshot here. As the new USAN President, Vilardo will manage daily operations of the USAN office in Niagara Falls and work on a variety of projects in Niagara Falls that are creating jobs, encouraging businesses investment, improving regional infrastructure and promoting tourism activity.  He will work with state and local elected officials, other state agencies, civic groups, community leaders and the private sector to improve the Niagara Region. “As our economic development representative in downtown Niagara Falls, Anthony will be driving the strategies to grow business and tourism in the city and I’m proud to welcome him to the team,” said Empire State Development President, CEO & Commissioner Howard Zemsky. “I am honored to have the opportunity to continue working to advance the progress downtown Niagara Falls has made under the leadership of Governor Cuomo and Mayor Dyster,” said Vilardo.  “I am firmly invested in this community; I grew up here, was educated here, and my wife and I have chosen to raise our children here.  We’ve made great progress thus far in the City’s downtown revitalization, and I am looking forward to playing a part in its continued renewal.” Vilardo, a Niagara Falls native, has worked as Director of Business Development for the City of Niagara Falls since June 2015.  In that role he served as executive director of N.F.C. Development Corporation and Niagara Falls Urban Renewal Agency, working on a variety of projects in the City and managing a portfolio of 50 grants and loans.  More importantly, Anthony has been an integral part of the overall economic development team in Niagara Falls, working in almost daily coordination with partners at ESD and USAN, as well as with the Niagara County Center for Economic Development, Destination Niagara USA, other state and local agencies, and public service utilities.  “For more than a decade, no strategic partnership has been more essential to the City’s resurgence than the close, day-to-day working relationship with USA Niagara,” said City of Niagara Falls Mayor Paul Dyster.  “Anthony’s selection as its president ensures that the progress made in transforming the city’s downtown and expanding the tourism economy will continue into the future.” Prior to his work with the City of Niagara Falls, Vilardo served as the Governor’s Representative for Central New York; Field Coordinator of the Central New York Area Labor Federation, ALF-CIO; Director of Major and Planned Giving at ProLiteracy; and Manager, Political Action Committee at National Rural Letter Carriers’ Association.  Vilardo is a graduate of Niagara University and lives in Niagara Falls with his wife Cheryl, and their daughters Carmella and Kate. About USA Niagara Development Corporation USAN, a subsidiary of Empire State Development Corporation, 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, click here.      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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Press Release

Thursday, April 18, 2019 - 3:25pm
Brooklyn Production Space Will Include Six Sound Stages with the Capacity to House Thousands of Jobs Within Five Years Governor Andrew M. Cuomo today announced that Netflix, the world's leading internet entertainment service, will expand its presence in New York with a production hub in New York City, bringing hundreds of jobs and up to $100 million in investments to the city. The production hub will include an expanded office in Manhattan that will directly create 127 high-paying executive content, marketing and production development jobs over the next five years, and six sound stages in Brooklyn with the capacity to hold thousands of production crew jobs within five years. This announcement furthers Governor Cuomo's commitment to supporting New York's tech and entertainment sectors to create strong jobs across the state. "Netflix is innovative, creative and bold - just like New Yorkers - and the expansion of this cutting-edge company in New York once again demonstrates the Empire State is open for business," Governor Cuomo said. "We're proud Netflix chose New York to grow its business, and we look forward to the jobs, economic activity and world-class productions this project will bring." "As a leading provider of streaming services in America and around the world, Netflix's expansion in New York is a significant milestone, creating the potential for thousands of jobs," said Lieutenant Governor Kathy Hochul. "The new production hub will add office space and sound stages in Brooklyn, advancing the tech and entertainment industry in the area and continuing to invest and grow the economy of the entire State of New York." Read the complete press release here. 
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Board Meeting

Thursday, April 18, 2019 - 12:00pm
With videoconferencing to:   The New York State Department of Labor State Campus – Building 12 Albany, NY 12240   The New York State Department of Agriculture and Markets 10B Airline Drive Albany, NY 12235  
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Board Meeting

Thursday, April 18, 2019 - 9:30am
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