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, August 16, 2018 - 9:30am
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Press Release

Wednesday, August 15, 2018 - 5:01pm
Investment Will Support the Creation of Viable Commercial Businesses Governor Andrew M. Cuomo today announced $2 million has been awarded to the Griffiss Institute to support IDEA NY, a business accelerator competition and twelve-month program that will incentivize promising entrepreneurs to create and grow viable commercial businesses in the Mohawk Valley region. The Innovation & Development Entrepreneurial Accelerator NY Mohawk Valley program will focus on the Cyber Security, Big Data, Information Systems and UAS industries. It will also build on the successful Air Force Research Laboratory Commercialization Academy - a national leader for facilitating the transfer of military technologies into the commercial marketplace. The award was recommended by the Mohawk Valley Regional Economic Development Council. "The IDEA NY business competition will attract entrepreneurs to the Mohawk Valley and foster innovative businesses in fast-growing sectors of the 21st century economy," Governor Cuomo said. "Through access to comprehensive technology and training programs, participants will create the next generation of businesses that drive the regional economy forward." "This new competition will help to attract businesses and spark innovation in the Mohawk Valley region," said Lieutenant Governor Kathy Hochul. "This funding for the IDEA NY business competition will grow the tech industry in the area and continue to support promising entrepreneurs and economic development of the 21st century." Read the full press release here.
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Press Release

Wednesday, August 15, 2018 - 4:56pm
View a property list here and a property location map here USA Niagara Development Corporation (USAN) Board of Directors met today and unanimously approved the acquisition of 32 individual properties totaling approximately 11 acres of land in downtown Niagara Falls.  The purchase of these properties is made possible through a strategic land acquisition program that is part of Governor Andrew M. Cuomo’s Buffalo Billion Phase II.  USAN will acquire the properties from several limited liability corporations under primary ownership of local businessman Joseph Anderson for the fair market value of $25.75 million.  “These properties represent a tremendous opportunity to attract future investment to downtown Niagara Falls, will complement  the recent significant state investments made to upgrade the adjoining Niagara Falls State Park and will help continue our efforts to open access and create connectivity to the city’s waterfront,” said USAN President Christopher J. Schoepflin, who also serves as Senior Vice President of Empire State Development. “We will work to secure new mixed-use development that is compatible with our state parks and open space resources, while expanding on the base of resources necessary to facilitate an expansion of visitor stays and spending in unique and authentic ways.” The properties consist of 18 vacant commercial/former residential lots, four parking lots, four properties containing commercial/mixed use buildings, two operating lodging properties (the Quality Inn & Suites at the Falls at 240 First Street and the Rodeway Inn at 492 Main Street), and four parcels containing buildings/structures related to now-closed tourism/attractions (Smokin’ Joes Native Center and the Niagara Falls Adventure Park). After closing, USAN will hold, insure and progressively dispose of the properties competitively. Holding costs would be limited to insurance costs, security and periodic grass cutting services. The properties are located near properties previously acquired by USAN, including 101 and 305 Buffalo Avenue, the historic Hotel Niagara property, and 101 Old Falls Street, which contains the USAN-owned Conference and Event Center Niagara Falls. They are also located near Niagara Falls State Park, as well as several hotels and attractions in the USAN Development District. In conjunction with the City of Niagara Falls and the University at Buffalo Regional Institute (UBRI), USAN will develop a Strategic Land Disposition Plan for the acquired properties that will advance USAN’s downtown/tourism mission and the policies of the city’s adopted Comprehensive Plan and Zoning Ordinance, particularly as depicted in USAN’s Illustrative Master Plan.  Preliminarily it is anticipated that under this plan, smaller, more reuse-ready properties (e.g., mixed-use properties on Third Street) would likely be competitively solicited for reuse/sale in the near term, while vacant property and sites requiring razing of structures would be disposed over a longer-term period. In the immediate term, based upon the outcome of the hotel operations analyses, it is also anticipated that the two operating lodging facilities would continue to be run through an interim operations contract, pending any long-term decisions on the redevelopment of these properties. USAN previously acquired property at 305 and 101 Buffalo Avenue through the Strategic Land Acquisition Program.  In July 2018, USAN issued a Request for Expressions of Interest (RFEI) to determine interest from qualified parties to redevelop 305 Buffalo Avenue.  The RFEI is available on the New York State Contract Reporter website here (please note you must register for a free account to view RFEI) and proposals are due on Friday, September 7, 2018.  USAN will use responses and recommendations generated by this RFEI process to inform a planned Request for Proposals (RFP) process.  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 | pamm.lent@esd.ny.gov | (716) 846-8309 | (800) 260-7313 Laura Magee | laura.magee@esd.ny.gov | (716) 846-8239 | (800) 260-7313
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Board Meeting

Wednesday, August 15, 2018 - 2:00pm
With videoconferencing to:  Empire State Development 633 Third Avenue, 37th Floor New York, NY 10017
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Press Release

Tuesday, August 14, 2018 - 1:45pm
Projects Leverage Regional Strengths and Provide Inclusive Access to Waterfront Support Continued Growth of Western New York Tourism Industry - More Than 18.5 Million Visitors in 2017 Video of Buffalo's Waterfront Resurgence Can Be Viewed Here Governor Andrew M. Cuomo today announced three new projects to expand Buffalo's waterfront and build on the region's community and economic growth in order to attract more visitors and offer new recreational and cultural opportunities for residents. Approximately $24 million will improve water access, highlight Western New York's rich history, and support the continued growth of the area's tourism sector, which generated more than $3 billion in direct visitor spending in 2017. The projects and investments include: North Aud Block: a $10 million investment to complete this historic street grid and set the site for future development of the North Aud Block; 1825 Packet Boat: a $4 million commitment to construct a new facility to build a replica 1825 packet boat at Canalside; and Buffalo Blueway: a $10 million investment to create a network of public access points along the waterways of Buffalo. "The success of Buffalo's waterfront is evident year-round, with hundreds of thousands of visitors experiencing Canalside and enjoying local restaurants and businesses in the surrounding area," Governor Cuomo said. "These new projects will leverage Buffalo's natural beauty, tap into the rich culture and history the region has to offer, and expand opportunities for residents and visitors to access the Historic Erie Canal for generations to come." Read the full press release here.
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Press Release

Tuesday, August 14, 2018 - 1:23pm
$50 Million Northway-Albany Airport Connector Will Ease Traffic Congestion and Provide a More Direct Route to the Airport - Funded by Governor Cuomo's $100 billion Infrastructure Renewal Plan View Renderings of the New Airport and Highway Connector Here View a Video Showcasing the Albany International Airport Transformation Project Here Governor Andrew M. Cuomo today awarded $22.1 million in funding to Albany International Airport as part of a $42.1 million project to modernize the facility. The grant funding is part of the $200 million Upstate Airport Economic Development and Revitalization Competition, first announced by Governor Cuomo in his 2016 State of the State Address and later passed in the 2017 state budget.  To complement the State's investment in Albany airport, Governor Cuomo also announced a $50 million project to construct a new highway connector between the airport and the Adirondack Northway (I-87) in the Town of Colonie, Albany County, to ease traffic congestion and provide a more direct route to the airport. The airport connector project is funded by Governor Cuomo's $100 billion Infrastructure Renewal Plan. "Albany International Airport is a gateway to the Capital Region, and this modernization project will help maximize economic development and tourism opportunities for generations to come," Governor Cuomo said. "Airports are the front doors to our communities, and these investments in the future of upstate airports are providing new jobs and helping attract new residents, businesses and visitors in every region of the state." Read the full press release here.
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Public Notice

Monday, August 13, 2018 - 10:00am
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Public Notice

Friday, August 10, 2018 - 10:00am
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Public Notice

Friday, August 10, 2018 - 9:00am
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Press Release

Thursday, August 9, 2018 - 11:22am
Investment Complements “CNY Rising” – The Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy Empire State Development (ESD) today announced that BIGNAME Commerce will move its printing and ecommerce business from Amityville, NY to East Syracuse in Onondaga County. The company plans to occupy 100,000 square-feet of leased space in a building located at 6304 Carrier Parkway where it will operate a new fulfillment distribution center. The project is expected to create up to 24 new full-time jobs in the region;107 jobs will be retained statewide. The company plans to hire those who are currently unemployed or underemployed in the region, supporting regional anti-poverty efforts. The company had considered moving its operations to Pennsylvania or Florida but elected to move to Central New York thanks to support from New York State. Tackling poverty in the region is a primary focus of the regionally designed CNY Rising economic development plan. Empire State Development President, CEO & Commissioner Howard Zemsky said, "Anti-poverty initiatives are a top priority for the Central New York Regional Economic Development Council and, to support this effort, BIGNAME Commerce plans to fill jobs at its new center with candidates who are currently unemployed or underemployed. This is a great example of how the state and private sector are working together to foster real change.” Founded as Action Envelope, BIGNAME Commerce is a collection of leading e-commerce businesses specializing in customized products for organizations and consumers worldwide. Those products include envelopes, bags and folders of all types.  Renovation work on the former Carrier building is underway. The company expects to be operating out of the new warehouse/fulfillment center by the end of the year. BIGNAME Commerce CEO Seth Newman said, "We are thrilled to expand our operations to East Syracuse, NY and join the Central New York community. BIGNAME Commerce is a growing company and we look forward to expanding our operations and our team in this great area." ESD is supporting the expansion of BIGNAME Commerce in the region with up to $425,000 through the Excelsior Tax Credit Program in exchange for job creation commitments. The total project cost has been placed at a little more than $1.4 million. Central New York Regional Economic Development Council Co-Chairs Dr. Danielle Laraque-Arena, President & Health System CEO, SUNY Upstate Medical University and Randy Wolken, President & CEO of the Manufacturers Association of Central New York (MACNY) said, "Poverty reduction remains a top priority for the CNYREDC. We are grateful to the Governor for his continued support for our efforts to identify concrete ways to help with this effort. Together, we will continue to work to combat the unacceptable levels of poverty affecting families in our community." State Assembly Member Pam Hunter said, "As a region with one of the highest concentrations of poverty in the country, it is imperative that we continue to foster economic growth and attract new employers to Syracuse. With the former Carrier Building being utilized for new industry, we know that economic development is working. Struggling families will be able to depend on the income from these new positions and I am sure even greater private investment will follow." Onondaga County Executive Joanie Mahoney said, “We are thrilled that a successful company like BIGNAME Commerce has chosen to grow and expand its operations in Onondaga County. We are also grateful for BIGNAME’s commitment to generating new jobs with a focus on those living in poverty in our community.” Accelerating CNY Rising  Today's announcement complements “Central NY Rising,” the region’s comprehensive blueprint to generate robust economic growth and community development. The State has already invested more than $4.7 billion in the region since 2012 to lay the groundwork for the plan – capitalizing on global market opportunities, strengthening entrepreneurship and creating an inclusive economy. 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 Syracuse, Oswego and Auburn as a destination to grow and invest in. Now, the region is accelerating Central NY Rising 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 5,900 new jobs. More information is available here.       Contact:  Shari Voorhees-Vincent | Shari.Voorhees-Vincent@esd.ny.gov  | (585) 399-7055  Press Office | pressoffice@esd.ny.gov | (800) 260-7313   
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