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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Report

Monday, December 31, 2018 - 1:00pm
This comprehensive annual economic development report highlights ESD’s activities, projects, investments and initiatives throughout 2018. Empire State Development: Annual Report 2018
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Report

Monday, December 31, 2018 - 10:08am
Annual Report on Jobs Created and Retained – 2017 This report details the performance of ESD' s economic development activities related to job growth and retention on an annual basis. The report shows the amount of financial assistance, the level of job commitment and whether each company met those goals. It also offers a window into how different regions and industries are faring each year. ESD 2017 Annual Jobs Report
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Press Release

Thursday, December 27, 2018 - 12:28pm
New York Small Businesses Generated More Than $1.5 Billion in Economic Impact and Created Approximately 6,000 Jobs State Has Facilitated Over $1.2 Billion in Loans in the Last Six Years Governor Andrew M. Cuomo today announced that New York State provided more than $188 million in direct and facilitated loans to small businesses in 2018, and that over 80 percent of those loans went to minority and women-owned businesses. The businesses that received loans from the State generated more than $1.5 billion in economic impact, created approximately 6,000 jobs and retained approximately 10,000 jobs this year. In addition, 927 businesses expanded and 624 businesses launched. This year's loans build on New York's longstanding commitment to help small businesses and entrepreneurs succeed and thrive throughout the state. "Small businesses are the backbone of our State's booming economy, and New Yorkers with innovative ideas should have access to the support and capital they need to succeed," Governor Cuomo said. "These investments in small businesses have created new opportunities for workers in every region of the State, and the emphasis on minority- and women-owned businesses will help diversify New York's economy and ensure it remains competitive for decades to come." Read the full press release here.
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Press Release

Thursday, December 27, 2018 - 10:33am
Investment Complements “Finger Lakes Forward” – The Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy Empire State Development (ESD) today announced that communications equipment manufacturer Dynalec Corporation is ready to grow its’ operations in Wayne County. The company will expand operations at its Rotterdam location in the Village of Sodus by adding up to 12,000 square-feet to its existing facility, a move that will allow Dynalec to substantially increase production in an effort to better meet the worldwide demand for its products. The expansion project is now underway and is expected to be completed in mid-March 2019. The company has committed to creating at least 8 new jobs. Investing in successful companies supports the strategy of the Finger Lakes Forward initiative which is working to revitalize communities by supporting the regional economy. Empire State Development President, CEO & Commissioner Howard Zemsky said, “Dynalec Corporation’s decision to expand in Wayne County reflects the success of our strategic support for growing and revitalizing the Upstate economy, especially by adding jobs and opportunity.” Founded in 1960, Dynalec Corporation is one of the nation’s leading manufacturers of shipboard systems for communication, navigation and switching. They build high-quality, standard and custom products for military and commercial use, including sound powered telephones. Its’ customers include Department of Defense agencies, military and commercial shipyards, international navies, mining/oil rigging manufacturers and telecommunication companies. James Ryan, Dynalec Attorney said, “Dynalec Corporation is excited about its expansion in Wayne County and more specifically, in the Village of Sodus.  The surrounding community has supported Dynalec for over 40 years and we are proud to call the Village of Sodus our home. Construction of our new facility will allow us to meet the growing worldwide demand for our products, while expanding our highly technical workforce to remain a leader in onboard ship communication.  We would like to thank Empire State Development for their assistance in allowing us to reinvest in this special community.” To ensure that the company would proceed with the project and create jobs, Empire State Development has offered up to $250,000 through the Excelsior Jobs Tax Credit Program in exchange for the job creation commitments. The total project cost has been placed at $1.045 million. State Senator Pamela Helming said, “The expansion of Dynalec Corporation’s communications equipment manufacturing facility in the Village of Sodus is an exciting endeavor. It will allow the company to increase its production and better meet worldwide demand for its products, and it also shows that manufacturers can grow and thrive in our region. This project will result in new jobs for our community and strengthen the economy of our region. As State Senator, I will keep working to ensure that manufacturers such as Dynalec can grow jobs and succeed in our region and in our state.” State Assemblyman Robert Oaks said, “Dynalec’s announcement of job expansion at their Sodus facility continues their consistent growth over four decades. I am excited that Dynalec remains as one of Wayne County’s leading companies and that New York State is partnering in this expansion.” For more information about Dynalec, click 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 $6.1 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. ​   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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Press Release

Thursday, December 20, 2018 - 4:22pm
Governor Andrew M. Cuomo today announced the groundbreaking of Byrne Dairy's Ultra Dairy plant $24 million expansion—the first phase of the company's $125 million plan to expand and create nearly 250 jobs in Onondaga County. The initial phase will create 30 new jobs and includes a 42,000 square foot expansion that will allow the plant to increase its packaging capability as well as add additional processing capacity and storage space. Over the course of three phases supported by a $15 million State investment, the company is planning several additional projects at its other production and warehouse facilities. "Dairy is a major part of our agricultural industry, and the expansion of operations at Byrne Dairy will help to further grow this critical sector of our economy," Governor Cuomo said. "Byrne Dairy is a fourth generation, family owned New York business, and its expansion will create jobs, spur economic development, and help Central New York continue to rise." "Smart economic development is about creating jobs and expanding in areas where we excel, and New York State's agricultural community is second to none," said Lieutenant Governor Kathy Hochul, who made today's announcement. "Byrne Dairy is a staple in Central New York and this investment will continue to grow the State's thriving agricultural sector bringing jobs and opportunities to the region." Read the full press release here.
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Press Release

Thursday, December 20, 2018 - 3:41pm
USA Niagara Development Corporation (USAN) Board of Directors met today and authorized the Corporation to formally enter into a development agreement with Brine Wells Development LLC or its wholly-owned affiliate to start the Hotel Niagara restoration project.  The Hotel Niagara is the oldest standing hotel in Niagara Falls and retains much of the architectural integrity that once made it an iconic piece of the city’s skyline. The approximately $42 million project will utilize historic preservation tax credits to transform the property into a full-service, 160-room “upper-upscale” hotel with restaurants, lounges and banquet facilities.  Construction will start in August 2019 with an expected reopening in 2021.  Renderings are available here. “This development agreement with Brine Wells to start the restoration of Hotel Niagara represents a major milestone in New York State’s continued efforts to grow tourism, economic and recreational-related activity to downtown Niagara Falls,” said USAN Board of Directors Chairwoman Francine DelMonte.  “The transformation taking place in Niagara Falls is thanks to the dedicated members of the USAN Board and Governor Cuomo’s commitment to ensuring the region remains a world-class tourism destination.  I look forward to Brine Wells returning the ‘grand lady’ of the City’s hotel collection to its former glory.” “We are looking forward to continuing our working relationship with USAN and bringing this Grand Hotel back to life for the Niagara Falls community,” said Brine Wells Development LLC Managing Member Ed Riley. Governor Andrew M. Cuomo announced in July 2017 that Brine Wells was designated as “preferred developer” for the restoration of the Hotel Niagara on Centennial Circle in downtown Niagara Falls, New York.  Since that time, the developer has been completing its due diligence, finishing design work, securing approvals, and structuring financing while negotiating the development agreement with USAN.  Brine Wells will pay USAN $1 to purchase the property and will receive an ESD economic development incentive of $3.5 million.  Brine Wells will also secure state/federal historic tax credits for the project.  The project will employ 150 direct, full-time equivalent (FTE) construction jobs and 67 direct, full-time equivalent (FTE) permanent jobs. The Hotel Niagara property was acquired by USA Niagara in July 2016 with $4.4 million in Buffalo Billion funds.  Brine Wells Development's plans will restore the lobby and related spaces to a quality level consistent with the property’s original design and restore the main ballroom to its original 1920s condition. An on-site, full-service restaurant will focus on local foods and New York State wines, to be complimented by a lounge also equipped with sidewalk patio facilities. Other amenities include private meeting and dining rooms, a gift shop and exercise facilities. A new roof top terrace lounge is also part of the project. Brine Wells Development has worked with the New York State Historic Preservation Office and the National Park Service and has secured his approvals for a design that will fully maintain the historic integrity of the building. The first rehabilitation of a historic hotel in the City of Niagara Falls, the project will restore the building’s finishes, architectural details and design elements to the original intent and offer its guests high quality service.  Built in 1924, the 12-story Hotel Niagara was among the city’s finest lodging and banquet establishments and is listed on the National Register of Historic Places.  Although it has long held a prominent spot in the downtown Niagara Falls skyline, decades of deferred maintenance, neglect and multiple changes in ownership resulted in the property’s degradation and eventual vacancy. The Hotel Niagara’s final iteration, a Travelodge, closed in 2007. Brine Wells Development previously completed a similar transformation of the 95-year-old Hotel Syracuse in Syracuse, New York. That $75 million project resulted in the Marriott Syracuse, a complete rehabilitation into a full-service, four-diamond facility with 261 guestrooms, two historic ballrooms, an IACC certified conference space, six food and beverage venues and a completely restored lobby. That property opened in August 2016. In other news, Paul J. Tronolone, AICP was named Acting President of USAN.  A certified city planner with over 30 years’ experience, Tronolone currently serves as ESD Western New York Vice President of Policy & Planning and is a member of ESD’s Western New York leadership team. He first joined USAN in 2005 as a Senior Project Manager and has led a series of projects for the corporation before taking on his current duties for ESD.   Mr. Tronolone will temporarily oversee day-to-day operations of USAN and help lead a search process for a new permanent president for the corporation.  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, 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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Press Release

Thursday, December 20, 2018 - 3:38pm
Full List of the 2018 REDC Awards is Available at www.regionalcouncils.ny.gov Empire State Development's Division of Tourism today announced that more than $90 million in funding was awarded to support tourism-related projects this week during Round VIII of the Regional Economic Development Council (REDC) awards. Included in these awards was nearly $15 million for 60 projects through the state's Market New York grant program, designed specifically to strengthen tourism and attract visitors to New York State by promoting destinations, attractions and special events, and as well as supporting tourism-related capital improvement projects. Empire State Development President, CEO and Commissioner Howard Zemsky said, "Tourism is a great success story and tremendous economic engine across New York State. When domestic and international visitors travel to our communities to enjoy our world-class attractions, they are spending billions of dollars and supporting our small businesses and tourism industry jobs." Tourism is now the state's third largest employer, responsible for 938,800 jobs annually. Last year, New York State welcomed a record-high 243.8 million visitors who spent $67.6 billion, supporting a total economic impact of more than $100 billion for the fourth straight year. Awards include support for capital projects at New York State's world-class museums, arts and music venues, and funds for festivals, events and regional tourism marketing initiatives. Regional Council funding will encourage agritourism growth by supporting projects at some of the state's craft beverage producers, now numbering more than 1,000 statewide. Additional projects will further the state's tourism infrastructure, creating a destination that is welcoming, family-friendly and a place where everyone can find what they love. This year, several projects from across the state were awarded to coincide with WorldPride 2019 and Stonewall50. WorldPride, the largest international LGBT Pride celebration, is coming to New York in 2019, marking the first time it has been held in the United States. The commemoration includes marches, performances and festivals that promote LGBT pride. This coincides with the 50th anniversary of the Stonewall uprising where, in June 1969, LGBT community members held spontaneous demonstrations at New York City's Stonewall Inn, considered by many as the catalyst for the modern LGBT rights movement. New York State Executive Director of Tourism Ross D. Levi said, "New York State continues to support vital capital projects and innovative marketing initiatives by public and private tourism partners across the state. These awards complement the funding and efforts dedicated to the I LOVE NY promotional campaign. While some other states are severely cutting back their tourism funding, New York’s leadership recognizes the incredible value of investing in this booming industry." Market New York launched in 2012 as part of Round II of the REDC initiative, offering up to $3 million to support tourism projects. Since its inception, the program has awarded more than $80 million to support 375 projects across the state. Market New York supports various tourism marketing initiatives, from capital and construction projects, to special events and consumer and industry trade shows. The program works to ensure that each funded proposal will complement and support the long-term strategic plans for economic growth as put forth by the REDCs. More than $760 million in state resources was awarded through 30 programs and 11 agencies during Round VIII of the initiative. Information on all REDC Round VIII Awards, including tourism-related and Market New York-supported projects, is available online at www.regionalcouncils.ny.gov. About the Regional Economic Development Councils The Regional Economic Development Council (REDC) initiative is a key component of Governor Cuomo's approach to State investment and economic development. In 2011, Governor Cuomo established 10 Regional Councils to develop long-term strategic plans for economic growth for their regions. The Councils are public-private partnerships made up of local experts and stakeholders from business, academia, local government, and non-governmental organizations. The Regional Councils have redefined the way New York invests in jobs and economic growth by putting in place a community-based, bottom up approach and establishing a competitive process for State resources. After eight rounds of the REDC process, more than $6.1 billion has been awarded to more than 7,300 job creation and community development projects consistent with each region’s strategic plans, projecting to create and retain more than 230,000 jobs. For more information on the Regional Councils, visit www.regionalcouncils.ny.gov. About New York State New York State features 11 beautiful vacation regions. New York’s attractions feature landmarks such as Niagara Falls, the largest park in the continental U.S. in the Adirondacks and treasures such as the Baseball Hall of Fame in Cooperstown and the Strong Museum of Play in Rochester. New York State offers diverse activities for all: outdoor fun- snowmobiling, skiing and snowboarding, fishing, hiking and boating, year-round festivals and exploring the rich history and culture of one of the 13 original colonies. Visitors also enjoy the fine cuisine, beverage trails and farm-to-table fresh foods. For more information, visit iloveny.com.   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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Board Meeting

Thursday, December 20, 2018 - 3:00pm
With videoconferencing to:   Empire State Development 633 Third Avenue, 37th Floor                         New York, NY 10017
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Board Meeting

Thursday, December 20, 2018 - 9:30am
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Board Meeting

Thursday, December 20, 2018 - 4:50am
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