Find out what’s happening at Empire State Development

Get the latest on New York State’s development plans and projects. Find press releases, meeting notices, and stories about businesses finding success in New York State.

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Public Notice

Tuesday, February 12, 2019 - 9:00am
Mohawk Valley Resource Center for Refugees Capital Project
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Blog Post

Friday, February 8, 2019 - 11:50am
With its world-class academic and research facilities, and a large bioscience workforce, New York is playing a critical role in the development of new medical therapies and devices. Central to the growth of these life-saving ideas are the biotech incubators that nurture and support them. Two of the cutting-edge incubators that illustrate the many different New York State initiatives and programs–including a $620 million Life Science Initiative and a statewide network of Innovation Hot Spots and Incubators–are fostering life science innovation at its earliest stages. One of the largest incubators, Johnson & Johnson Innovation LLC’s new 30,000-square-foot facility in SoHo, is a collaboration with the New York Genome Center. Called JLABS @ NYC, the internationally collaborative incubator is already home to more than two dozen bioscience startups. For Kate Merton, the head of JLABS incubators in New York City, Philadelphia and Boston, giving healthcare entrepreneurs affordable space in urban centers where they can test their ideas is just one key part of the package.
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Press Release

Thursday, February 7, 2019 - 1:01pm
Investment Complements "CNY Rising" – The Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy Empire State Development (ESD) today announced the Partnership for Community Development (PCD) in Hamilton, Madison County, has been designated as a New York State Certified Business Incubator by ESD's Division of Science, Technology and Innovation (NYSTAR). As a Certified Business Incubator, PCD's Hamilton Entrepreneurship Center (HEC) will work with small and emerging businesses in Central New York to encourage viability and sustainability by improving access to affordable space and resources. ESD President, CEO and Commissioner Howard Zemsky said, "Small businesses are vital to New York’s economic sustainability and, through Certified Business Incubators like the Partnership for Community Development, we can support early stage businesses during the crucial inception, development and growth phases." As part of this award, ESD will provide $125,000 annually over the course of five years. Utilizing this funding and designation, PCD plans to create affordable space and resources for people starting or growing small businesses. The organization has already connected with several small business owners in the area who are running new businesses out of their homes. These entrepreneurs have expressed strong interest in moving their operations to a central location where they can work alongside like-minded peers and innovators, and access programming to help support their growth. PCD Executive Director Jennifer Marotto Lutter said, "We are very excited about the implementation of this grant and the impact it will have on our community. Hamilton has worked very hard over the years to create a favorable entrepreneurial ecosystem and the expansion of co-working incubator services and staffing will take us to a new level. Hamilton is already a great place to live and is always improving as a great place to be an entrepreneur." The HEC is located at 20 Utica Street in the heart of Hamilton's historic business district. The space currently attracts students and local entrepreneurs who would otherwise work at home or on-campus. The Center will offer 24-hour access for members, high-speed Internet, a variety of workstations, conference space, phone booths for private calls, and access to classes, events and networking opportunities. Supporting the development of new, locally-owned companies will encourage job creation in an otherwise rural community. Across the state, NYSTAR has designated 10 Innovation Hot Spots—one for each of New York's economic development regions—and 20 Certified Business Incubators through a competitive process. Together, this network of support has created a culture of innovation and success around the state, thanks to ground-level services that make a dramatic difference in a start-up company’s next steps. Support generally includes coaching and mentoring, networking connections, prototype development, and access to capital and technical services. Senator Rachel May said, "I am thrilled that Partnership for Community Development has been honored as a Certified Business Incubator. Hamilton is a spectacular town with a wide host of talent and it is excellent that they are being recognized and rewarded with support. Co-working space is a great resource for entrepreneurs, and access to services like high-speed internet, work space, and networking will enable them to set their sights even higher. I am excited to see what new businesses ventures develop and take root in Central New York." Assembly Member John Salka said, "My congratulations to the PCD for obtaining the status as a NYS Certified Business Incubator. Economic development is key to creating vibrant communities that are essential to the quality of life in upstate New York. The staff of the Partnership for Community Development has been a tireless advocate for local businesses, and I am confident they will use the funds they are being awarded to further the interests small and local companies, and I look forward to working with them to improve the climate of doing business in our region. Economically healthy communities attract jobs, keep people in central New York, stabilize tax bases, and contribute to well- being of upstate New York." Madison County Board of Supervisors Chairman John M. Becker said, "Any time the state provides seed money to small, start-up, innovative ideas and businesses, it's a great thing for all of us locally." Hamilton Town Supervisor Eve Ann Shwartz said, "We are extremely pleased with the PCD's work to support existing business and new startups in the Hamilton community. This award of ESD grant funds and the designation as a NYS Certified Business Incubator are well deserved recognition of the PCD's work. The Town of Hamilton appreciates New York State's support to in our joint efforts to build a strong business community in Central New York." Village of Hamilton Mayor RuthAnn Loveless said, "Establishing a business incubator has long been a goal of the PCD. This designation provides valuable resources for our local entrepreneurs which, in turn, will contribute to the economic vitality of our community. This award is a tribute to the work of the PCD and the reputation of our region." 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 $5.6 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. 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, visit www.regionalcouncils.ny.gov and www.esd.ny.gov.    Contact: Adam Ostrowski | adam.ostrowski@esd.ny.gov | (518) 292-5148 ESD Press Office | pressoffice@esd.ny.gov | (800) 260-7313
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Press Release

Thursday, February 7, 2019 - 12:35pm
The New York State-IBM Research AI Hardware Center Will Conduct Ground-Breaking Research and Development to Support AI Innovations Governor Andrew M. Cuomo today announced that IBM, a long-time anchor tenant at the SUNY Polytechnic Institute campus in Albany, plans to invest over $2 billion to grow its high-tech footprint at the campus and throughout New York State. This includes the establishment of an "AI Hardware Center" at SUNY Poly for artificial intelligence-focused computer chip research, development, prototyping, testing and simulation. Once established, the AI Hardware Center will be the nucleus of a new ecosystem of research and commercial partners, and further solidify the Capital Region's position as "Tech Valley" - a global hub for innovative research and development.   "New York has always been at the forefront of emerging industries, and this private sector investment to create a hub for artificial intelligence research will attract world-class minds and drive economic growth in the region," Governor Cuomo said. "Artificial intelligence has the potential to transform how we live and how businesses operate, and this partnership with IBM will help ensure New York continues to be on the cutting edge developing innovative technologies." "This investment by IBM will continue to grow New York's high-tech industry in the Capital Region and across the state," said Lieutenant Governor Kathy Hochul. "The artificial intelligence hardware center will expand research and partnerships at SUNY Polytechnic Institute, and ensure Tech Valley attracts innovative business and development that drives economic development in the region." Read the full press release here. 
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Public Notice

Thursday, February 7, 2019 - 10:30am
E. John Gavras Center Capital Project
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Public Notice

Thursday, February 7, 2019 - 1:00am
Times Union Garage Egress Capital Project
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Press Release

Wednesday, February 6, 2019 - 2:48pm
Governor Andrew M. Cuomo today announced $15 million in additional funding is being made available to support three more rounds of the Luminate NY business accelerator competition in the City of Rochester. The innovative competition focuses on the optics, photonics and imaging industry and is administered by NextCorps, located at Sibley Square in Rochester's Downtown Innovation Zone. Luminate NY supports selected innovators as they grow their ideas in Rochester with help from industry experts, businesses and local universities. The program aims to assist entrepreneurs who are interested in solving challenging industry problems, including, but not limited to: machine vision, inspection, biophotonics, security, surveillance, augmented and virtual reality, and autonomous vehicles. Funding for the Luminate NY program is being provided through the transformative Finger Lakes Forward Upstate Revitalization Initiative. "The Luminate NY accelerator is further cementing the region's reputation as an imaging and optics epicenter for the entire country," Governor Cuomo said. "Strategic investments in this emerging industry will foster new business growth and create top-notch job opportunities for the region's highly skilled workforce as we continue to move the Finger Lakes forward." "Luminate NY is helping innovative companies and advancing technologies in Rochester and beyond," said Lieutenant Governor Kathy Hochul. "This additional funding for the competition will further support businesses and grow the high-tech industry, creating more jobs and boosting the economy in the area. We are committed to continuing our investments in the photonics industry and moving the Finger Lakes Forward." Read the full press release here. 
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Blog Post

Tuesday, February 5, 2019 - 1:58pm
As our digital lives become increasingly complex, proving who we are online can feel like a full-time job. Until a simpler, more secure solution comes along, our digital identities – padlocked by inadequate passwords on massive servers with hundreds of millions of other identities – will remain at risk. For Token, a New York startup with deep roots in Rochester’s revitalized technology community, the answer is to put the only key a consumer will need right back in their hands. With early and critical financial help from the state while participating in Rochester Institute of Technology’s (RIT) Venture Creations incubator, Token created a sleek, sophisticated, wear-it-and-forget-it ring that proves its wearer’s identity with a simple tap or wave, a game-changing category in wearable devices. Most wearables available on the market now are simply trackers that interact or communicate with other digital devices, usually through WiFi; this is the first wearable that solves an entirely new problem.
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Report

Tuesday, February 5, 2019 - 11:17am
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
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Public Notice

Tuesday, February 5, 2019 - 11:00am
Port of Albany Big Lift Capital Project
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