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Public Notice

Tuesday, April 14, 2020 - 5:30pm
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Public Notice

Tuesday, April 14, 2020 - 5:30pm
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Public Notice

Tuesday, April 14, 2020 - 5:30pm
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Public Notice

Tuesday, April 14, 2020 - 5:30pm
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Press Release

Thursday, April 2, 2020 - 10:28am
Investment Provided by New York Ventures Company Located in New York City and Tel Aviv Empire State Development (ESD) today announced a $750,000 investment in Concertio, an Israeli-founded startup that provides AI-powered software to help companies automatically optimize systems to achieve maximum performance. The company, which was incubated in the Jacobs Technion-Cornell Institute at Cornell Tech, will use the investment to hire key executives to support product, sales and marketing milestones. This investment was provided by New York Ventures, ESD’s venture capital investment arm. Empire State Development Acting Commissioner and President & CEO-designate Eric Gertler said, “Innovative new startups are discovering new, niche markets throughout New York State’s diverse economy, and Concertio is a company that helps other companies implement their software more efficiently—a smart investment for ESD and a successful future business model.” “We’re entering the era of self-tuning servers, where servers automatically adjust their settings dynamically in real-time according to the workloads that they run,” said Dr. Tomer Morad, co-founder and CEO of Concertio. “Our Optimizer products transform general-purpose systems into high-performant special-purpose systems, thereby boosting performance and slashing infrastructure costs.” Concertio has employees in Israel and New York City. It uses artificial intelligence to help companies tailor computer applications to run more efficiently. Concertio is raising up to $3 million during this fundraising round. The company’s software can increase effectiveness and reduce cost of general computer servers. Concertio is an AIOps company based in New York City with employees in New York and Israel. Concertio's software products address the growing challenge of optimizing critical software and hardware systems for achieving the highest performance and efficiency at the lowest infrastructure costs. Concertio has raised $4.2 million to date. The company was co-founded by startup veteran Tomer Morad when he was a postdoctoral fellow at the Jacobs Technion-Cornell Institute of Cornell Tech Runway Program. Tomer and his team founded Concertio to help hyperscalers, chip companies, financial institutions, and other large enterprises optimize a multitude of devices and applications. By continuously monitoring and dynamically optimizing system and application settings, the patented Concertio Optimizer products equip computing systems with the ability to self-tune in real-time, effectively transforming general-purpose systems into high-performant, tailor-made systems. The company has nine employees and plans to continue growing in New York and Israel. The $750,000 investment comes from the New York State Innovation Venture Capital Fund (NYSIVCF). More information about the fund is available here. About New York Ventures New York Ventures is the venture capital investment arm of Empire State Development, New York State’s chief economic development agency. New York Ventures meets the critical capital needs of the state’s innovation economy by providing funding to high-growth startups as they move from concept to commercialization, through early growth and expansion. More information is available here.   Contact: Adam Kilduff | [email protected] | (212) 803-3744 Kristin Devoe | [email protected] | (518) 292-5107 ESD Press Office | [email protected] | (800) 260-7313
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Press Release

Tuesday, March 31, 2020 - 11:12am
Startups from Across the Globe will Compete to Win a Combined Total of $3 Million in Prize Money Competition is Funded Through Upstate Revitalization Initiatives - Finger Lakes Forward, CNY Rising and Southern Tier Soaring - Regional Comprehensive Strategies to Revitalize Communities and Grow the Economy Empire State Development (ESD) today announced that the application window for the 2020 Grow-NY business competition is now open and is accepting submissions. Grow-NY, an unprecedented business competition, is in the second year of its three-year initiative and focuses on enhancing the emerging food and agriculture innovation cluster currently present in Central New York, the Finger Lakes and the Southern Tier regions of New York state. The transformative competition attracts high-growth food and agriculture startups from around the world and across the state to the Grow-NY region where they compete for a combined total of $3 million in prize money. Applications will be accepted through July 15, 2020. From the applications submitted, up to 20 finalists will be selected. Empire State Development is funding the competition through its Upstate Revitalization Initiative connected with the three regions— CNY Rising, Finger Lakes Forward and Southern Tier Soaring. Winners will be required to create a positive impact in the Grow-NY region by growing job opportunities, connecting with local industry partners and contributing to a thriving Upstate economy.  The agricultural economy in New York continues to grow with increased investment in our farms and local products," said Lieutenant Governor Kathy Hochul, Chair of the Statewide Regional Economic Development Councils. "The first round of the Grow-NY Competition was a great success, and we are excited to launch the second round and see the potential entrepreneurs have to make the industry even stronger. These companies are developing ideas and plans to revolutionize the industry by transforming sustainability and improving the health and well-being of New Yorkers. We are committed to helping these innovative companies grow and thrive in New York State." Empire State Development Acting Commissioner and President & CEO-designate Eric Gertler said, “In this unprecedented time, it is more important than ever to continue the programs that leverage New York State’s great assets to grow our economy. The Grow-NY competition is attracting startup innovation that will support job creation and the further development of our state’s food, beverage and agriculture industries.”  The selected finalists will receive dedicated mentorship from a hand-selected business advisor; marketing promotion and publicity support for their startup; an expenses-paid, three-day business development trip to the Grow-NY region for up to two finalists per team; and introductions to potential investors among other things. The competition is administered by Cornell University through its Center for Regional Economic Advancement. Kathryn J. Boor Dean of Cornell’s College of Agriculture and Life Sciences said,  “The Grow-NY program helps Cornell achieve its land grant mission by leveraging the abundant natural, commercial, and academic resources in our region to attract innovations in food and agriculture that help our community grow, make, move, and sell food more sustainably and with greater efficiency. This becomes even more vital as we look for ways to recover from the economic effects of COVID-19. We’ve already seen results from the year one winners that fulfil on the promise of the program, and we’re looking forward to more, diverse, high-growth potential applicants in year two.” Beginning in August 2020, selected teams will enter into a mentoring and business development phase that will run from September to November. Finalists will pitch their ideas and business plans at the Grow-NY Food and Ag Summit, a public symposium and industry forum, on November 17 and 18 at a soon to be announced location in Syracuse, NY. One team will be awarded the top prize of $1 million; two $500,000 prizes and four $250,000 prizes will also be awarded. Judges will base award decisions on the following five criteria: Viability of Commercialization and Business Model – the potential for the entrant to generate revenue and maintain a cost structure that allows for a competitive and sustainable business, demonstrate technological readiness or innovate to fulfill its value proposition; Customer Value – the degree to which the entrant is providing something for which customers are willing to pay, and addressing a substantial market; Food and Agriculture Innovation – the extent to which the entrant is pushing what’s considered state-of-the-art in the food and agriculture industries, and contributing to Upstate NY’s status as a global leader in innovation in these markets; Regional Job Creation – the potential for creating high-quality jobs in the Grow-NY footprint; Team – the quality and completeness of the team and its readiness to deliver. The competition winners have a non-residential requirement to operate in Central New York, the Finger Lakes or Southern Tier regions for at least one year and will have to agree to participate in an equity share program in which a portion of their profits will be returned back to the program to support future work in food and agriculture innovation within the region. The Grow-NY region includes a broad swath of Upstate New York’s most vibrant farmlands as well as several major urban centers, including Rochester, Syracuse, Ithaca and Binghamton. In all, 22 counties are included, broken down into three regions, as follows: Central New York – Cayuga, Cortland, Madison, Onondaga and Oswego Finger Lakes – Genesee, Livingston, Monroe, Orleans, Ontario, Seneca, Wayne, Wyoming and Yates  Southern Tier – Broome, Chemung, Chenango, Delaware, Schuyler, Steuben, Tioga and Tompkins Richard Ball, Commissioner of the New York State Department of Agriculture and Markets said, “From farming to food production, New York is an innovative, world-class leader in agriculture with a vast potential to draw new, high-growth businesses in the industry. Now, more than ever, we need the agricultural community and the resilience of the industry to help move New York forward. The Grow-NY competition has already proven itself to be an effective strategy for attracting talent and technology to the state and we look forward to another successful round.” In 2019, the inaugural year of the Grow-NY competition, 17 finalists pitched their business plans to a live audience and panel of judges during the Summit held at the Joseph A. Floreano Rochester Riverside Convention Center. The event attracted over 900 attendees and featured more than 75 food and agricultural exhibitors along with enriching panel sessions tackling some of the biggest challenges and opportunities facing the industry today. Last year’s winners included Dropcopter (Syracuse, NY), Tiliter (Munchen, Germany), Capro-X (Ithaca, NY), Combplex (Ithaca, NY), The Perfect Granola (Victor, NY) and Whole Healthy Food (Ithaca, NY). Real Eats America (Geneva, NY) took home the $1 million grand prize. “Last year, farmers, makers, industry leaders, local agencies, service providers, and educational institutions came together to ensure that in addition to the winners getting prize money and support, all the finalist startup teams had access to the resources they need to grow their businesses within New York state. Entrepreneurs in this program receive a unique set of tools and supports that are not found in other programs,” said Jenn Smith, Program Director of Grow-NY, Cornell University’s Center for Regional Economic Advancement. “We’re already seeing the positive impact of last year’s competition and Summit and are looking forward to seeing what year two will bring.” Central New York Regional Economic Development Council Co-Chairs Randy Wolken, President & CEO of the Manufacturers Association of Central New York, and Deborah Stanley, President of the State University of New York at Oswego said, "New York State continues to experience unprecedented growth in the agriculture and food industries and we are really looking forward to serving as host for this year’s exciting the Grow-NY Food and Ag Summit in November. This competition represents yet another exciting investment in our community that will further bolster regional job growth and further support our agricultural base throughout Central New York ensuring the region continues to rise." Finger Lakes Regional Economic Development Co-Chair Bob Duffy, President and CEO, Greater Rochester Chamber of Commerce said, "   The regional council is proud to support round two of this innovative competition that is focused on growing the state's agricultural and food industries. The REDC investment in Governor Cuomo's Grow-NY competition is working to connect local industry partners with the cutting-edge ideas of these teams of entrepreneurs which will further support our multi-pronged approach laid out in the Finger Lakes Forward Upstate Revitalization Initiative that is working to create a thriving regional economy.' Southern Tier Regional Economic Development Council Co-Chair Judy McKinney Cherry, Executive Director, Schuyler County Partnership for Economic Development (SCOPED) said, "New York's agriculture industry is one of the most prestigious in the nation, and this initiative with its investment is paramount to the regions' continued economic success. The Grow-NY competition enables innovative and competitive businesses and will further bolster our efforts to boost the regional economy helping the Southern Tier to soar." To learn more about the Grow-NY competition, click here. 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 $6.3 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. 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. 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 Rochester, Batavia and Canandaigua as a destination to grow and invest in. 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. ​ 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 $7.4 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.   Contact: Shari Voorhees-Vincent | [email protected] | (585) 399-7055 Press Office | [email protected] | (800) 260-7313
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Board Meeting

Tuesday, March 31, 2020 - 9:00am
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 (audio) by clicking the link below on (or after) March 31, 2020 at 9:00 a.m. Members of the public may submit comments on the Agenda items in writing by 4:00 pm on Monday, March 30, 2020 to: [email protected] The Agenda and meeting materials will be posted the day before the meeting on LMDC’s website at www.renewnyc.com
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Press Release

Saturday, March 28, 2020 - 4:00pm
Issues Executive Order to Enable Moving Tax Filing Deadline for Personal and Corporate Taxes to July 15th New York State's Wadsworth Lab Has Started Evaluating New Antibody Test  Governor Announces Three New Sites to Add 695 Hospital Beds to the State's Capacity; State Will Begin Using Some Facilities Only for Patients with COVID-19 Following Governor's Request, Federal Government Has Approved Four Additional Sites for Temporary Hospitals First 1,000-Bed Temporary Hospital at Jacob K. Javits Convention Center Expected to Open Monday 70 Non-Profit Organizations Statewide Will Receive $7.5 Million in Operating Support Funds to Provide Technical Assistance to Small Business Amid COVID-19 Pandemic Confirms 7,681 Additional Coronavirus Cases in New York State - Bringing Statewide Total to 52,318; New Cases in 44 Counties Amid the ongoing COVID-19 pandemic, Governor Andrew M. Cuomo is issuing an executive order to move the presidential primary election from April 28 to June 23, aligning it with the congressional and legislative primaries in New York. Governor Cuomo also issued an executive order to enable the tax filing deadline for personal and corporate taxes to be pushed back to July 15. The federal government took similar action earlier this month. The Governor also announced that the State Department of Health Wadsworth Lab is working in partnership with others labs to evaluate antibody testing that is designed to help very sick COVID-19 patients.  Read the full press release here.
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Press Release

Thursday, March 26, 2020 - 8:15pm
ESD Board approves $2M grant to TechBuffalo to collaborate with ESD Empire State Development today announced the launch of the $12 million Buffalo-Niagara Talent Initiative to help cultivate Western New York’s tech workforce. This new initiative is designed to train, attract and retain tech talent to fuel the region’s continued economic transformation. The Empire State Development (ESD) Board of Directors met today and approved a $2 million grant to TechBuffalo, a not-for-profit that will partner with ESD and lead coordination and implementation for the initiative.  “The objectives of the new Buffalo-Niagara Talent Initiative will attract and cultivate the jobs that power the region’s innovation-driven economy,” said Empire State Development Acting Commissioner and President & CEO-designate Eric Gertler. “These efforts will build on the remarkable progress that has transformed Western New York as a result of our investment in the region.” James Partsch, Executive Director at TechBuffalo said, “Working together, this initiative will help build a future in which the Buffalo community is growing, developing, and engaging tech talent by upskilling and reskilling our existing workforce, collaborating with regional universities and community organizations, keeping great talent in Western New York, and attracting new individuals and their families to our amazing community.  This would not be possible without the support of the Wester New York Impact Investment Fund providing bridge funding to ensure the immediate operationalization of our mission is realized.” The Western New York Regional Economic Development Council (WNYREDC) developed the Buffalo-Niagara Talent Initiative in response to a labor pool shortage identified in the region, particularly in the tech sector.  Driven by increased digitalization and automation across industries, companies around the globe are facing a technology talent shortage that will continue to expand in the coming years. Industries in Western New York have identified an urgent need to fill a large number of vacant tech positions. Creating, attracting, and retaining talent with modern technology skills will be a key differentiator for the region’s continued success. Through this new initiative, funding will be provided for new programs that seek to increase the tech talent pool and help Western New York continue to play a part in rebuilding its economy.  New York State is committing up to $8 million in funding to jump-start these programs, and is engaging with foundations and the private sector to further develop and fund the Initiative. New programs will focus on improving the tech ecosystem through a three-pronged approach to address the urgent need for tech workers, including: Upskilling and reskilling unemployed and underemployed individuals for entry-level jobs in tech, as well as upskilling mid-level tech professionals and recent college graduates for more senior positions.  Partnerships with industry will provide new training opportunities and job placement assistance upon completion of training. Retaining graduates of local colleges and universities by establishing programs that provide better connections to industry through internships and networking opportunities. Attracting tech workers from outside the region to increase the population and labor pool through: Working with Forge Buffalo on providing resources for job seekers and employers in startups and small tech companies to connect and hire; Creating a program allowing tech students in colleges and universities outside of the region to spend time in the region connecting and working with local employers and to consider Western New York a place to live and work after graduation; and  Developing content and digital marketing with Invest Buffalo Niagara and the “Be in Buffalo” platform to expand the reach of the WNY region’s tech sector-focused talent recruitment efforts. To coordinate the multiple initiatives, ESD will be partnering with TechBuffalo, a not-for-profit with the mission of producing 5,000 new technology professions in the WNY region. To avoid duplicating efforts with other organizations, TechBuffalo will work to: coordinate activities across the investment portfolio; develop a website that serves as a portal for overarching information on the Buffalo tech scene; host events and provide coordination between companies and job seekers; and implement a tech-specific talent attraction and retention agenda that cuts across the three strategies on behalf of ESD.  Through their work and across the portfolio, ESD and TechBuffalo are seeking to: increase outreach to local college students and companies to improve student awareness of post-grad opportunities; improve access of non-WNY residents to job opportunities in the region, so they consider WNY as a place to relocate; increase access of companies to job seekers; and grow the regional tech sector and average tech sector wages. Senator Tim Kennedy said, "Now more than ever, we need to be creating new opportunities for employment and fueling innovative ideas, and the Buffalo Niagara Talent Initiative will fulfill both of those goals. This new partnership will complement existing tech incubators like 43North, and continue to foster the training and skills needed to build strong tech leaders here in Western New York." Majority Leader Crystal Peoples-Stokes said, “Now more than ever, the Buffalo Niagara Talent Initiative is needed to help train tech workers to prepare them for the opportunities that will exist after we come out of this economic slump created by the coronavirus pandemic. The $2 million grant to Tech Buffalo will ensure those hardest hit by this public health crisis get the training they need to fill these new tech jobs as we move toward a more innovation driven economy. We thank the Governor for his continued vision and support for the people of Western New York.”  Assemblyman Sean Ryan said, "Western New York is known for having an incredible workforce, and the new Buffalo-Niagara Talent Initiative will be an important step forward for the future of our region. An innovative tech workforce is fueling our growth. By providing the training our workers need, we will help to ensure these jobs are the foundation for our success in the 21st century." Mayor Byron Brown said, "The state's new efforts to attract tech talent is a great fit with my Administration's Race for Place initiative, which is employing "smart city" technology to improve and maintain our infrastructure to help position Buffalo as a place tech companies and their employees want to be. ESD's board actions today enables work to begin on the planning, implementation and coordination of multiple initiatives targeting talent attraction and the retention of tech sector workers in Buffalo, which will result in direct job placement." About Buffalo-Niagara Talent Initiative The $12 million Buffalo-Niagara Talent Initiative helps cultivate the tech workforce fueling Western New York’s continued growth. This new initiative is designed to train, attract and retain tech talent that will continue to power the region’s economic rebirth.  For more information, visit https://buffalobillion.ny.gov/buffaloniagara-talent-initiative.   Contact: Pamm Lent | [email protected] | (716) 846-8309 Laura Magee | [email protected] | (716) 846-8239
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