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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Friday, June 16, 2023 - 5:00pm
The Empire State Jobs Retention Program was created to provide financial incentives to retain strategic businesses and jobs that are at risk of leaving the state due to the impact on business operations from a natural disaster. Below please find charts A & B of the quarterly program report detailing businesses admitted to the program and credits issued for the first quarter, ending 3/31/2023. Empire State Jobs Retention Program Quarterly Report - Chart A: Businesses Admitted To Program Empire State Jobs Retention Program Quarterly Report- Chart B: Credits Issued
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Friday, June 16, 2023 - 4:43pm
The Excelsior Jobs Program provides job creation and investment incentives to firms in targeted industries in order to encourage businesses to expand in and relocate to New York while maintaining strict accountability standards to guarantee that businesses deliver on job and investment commitments. Below please find the quarterly program report for the first quarter of 2023, ending 3/31/2023. 3/31/2023: EXCELSIOR JOBS PROGRAM - Quarterly Report CHART A - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Admitted To Program CHART B - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2011 & 2012 CHART C - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2013 CHART D - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2014 CHART E - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2015 CHART F - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2016 CHART G - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2017 CHART H - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2018 CHART I - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2019 CHART J - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2020 CHART K - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2021 CHART L - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2022
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Public Notice

Thursday, June 15, 2023 - 2:00pm
View all grants to be presented at the batch virtual public hearing.
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Press Release

Tuesday, June 13, 2023 - 4:09pm
Project Brings Historic Buildings in Downtown Back to Life with Commercial and Residential Spaces Photos of Completed Project Available Here; Before Photos Available Here Governor Kathy Hochul today announced the completion of the $12.5 million restoration and redevelopment of the 1915 First National Bank building and adjacent former Siegel's Shoe Store building in downtown Olean as part of the Downtown Revitalization Initiative. The seven story First National building now houses 21 apartments, with commercial, event and art spaces occupying the former bank floor and mezzanine. The two-story former Siegel's Shoe Store building was renovated into class-A office space. New York State, in collaboration with Savarino Companies and local government partners is bringing this historic building located in the heart of Olean back to life. Photos of the completed project are available here, and before photos are available here. "The ribbon cutting for the First National project marks a long-awaited milestone in the redevelopment of Olean's Central Business District," Governor Hochul said. "This historically significant, mixed-use building, which was vacant for nearly 30 years before we tackled its restoration, brings a vibrancy to Olean that will contribute to the city's goals for a walkable, thriving downtown." New York State Secretary of State Robert J. Rodriguez said, "Growth in the City of Olean is well underway, as key projects through the Downtown Revitalization Initiative continue to strengthen the sense of community and improve quality of life for residents, while also attracting new businesses that are spurring economic development. The completion of the First National Bank project puts the City of Olean one step closer to achieving its vision of creating a vibrant downtown community brimming with opportunities for residents and visitors to work, learn and thrive." The Gallery at Olean is First National's largest and most visible tenant. The first new tenant was Casa-Trinity, which provides peer-based counseling and recovery services for those suffering from alcohol and substance addictions. The building's remaining storefront commercial spaces are completed and move-in ready for other tenants who may take advantage of the visible street front space. Read the full press release here.
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Press Release

Tuesday, June 13, 2023 - 4:06pm
$2.2 Million in State Funding Supports Expansion of Headquarters and 100 New Jobs Strengthens New York City as Hub for Technology and Innovation Governor Kathy Hochul today announced that Manhattan Telecommunications Corporation, a global communications solution provider for businesses worldwide, is investing $3 million to extensively renovate its 55 Water Street headquarters in New York City. As part of its growth plans, MetTel has committed to creating at least 100 new full-time jobs in software development and professional services while retaining 180 full-time jobs, supported by up to $2.2 million in performance-based Excelsior Jobs Program tax credits from Empire State Development. ESD was joined by the New York City Economic Development Corporation to mark the milestone with a ribbon cutting at MetTel's 55 Water Street headquarters. "New York City stands as a beacon of innovation where creativity flourishes and the entrepreneurial spirit thrives," Governor Hochul said. "The expansion of MetTel serves as a testament to the region's stature as a dynamic tech hub, reaffirming our position at the forefront of innovation, growth, and job creation." Founded in New York City in 1996, Manhattan Telecommunications Corporation (MetTel) has helped businesses and government organizations boost enterprise productivity, reduce costs and simplify operations through automation. These renovations will transform the headquarters into a cutting-edge workspace that fosters collaboration, creativity, and innovation. The company maintains significant operations in New Jersey, Utah, and Rhode Island which were also considered for this expansion project, in addition to a proposed new location in Florida. Mayor Eric Adams said, "MetTel is a true New York City company - born and raised here - and I am so thrilled they are staying here. This public-private partnership is creating the jobs of tomorrow, unlocking technology that will help millions of New Yorkers, and supporting the entire city's recovery by hiring an additional 100 employees. Our administration is revitalizing commercial corridors, filling vacant storefronts, and investing in key growth industries — and we have regained 99 percent of jobs lost during the pandemic, because New York City is the place to build your economic future." Empire State Development President, CEO and Commissioner Hope Knight said, "ESD is proud to support the expansion of MetTel, a shining example of a company grown in the heart of New York City's vibrant tech sector. Our city's dynamic environment and access to top-tier talent have propelled MetTel's growth and innovation. This expansion demonstrates the power of New York City as a catalyst for success in the tech industry and we are thrilled that MetTel will continue to grow its legacy in the Empire State." Read the full press release here.
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Press Release

Monday, June 12, 2023 - 5:43pm
One of the Foremost Modern and Contemporary Art Museums in the World Has Completed the Most Substantial Expansion and Development Project in Its 160-Year History Buffalo AKG Art Museum Includes More Than 50,000 Square Feet of Exhibit Space, Five Classrooms, New Restaurant and Public Green Space, and Community Gathering Space Museum is Projected to Have an Economic Impact of $34 Million Annually for Western New York and Employ 134 Full-Time Employees View Photographs of the Expansion Project Here Governor Kathy Hochul today announced the substantial completion of the Buffalo AKG Art Museum, one of the foremost modern and contemporary art museums in the world. The $195 million expansion, restoration, and renovation project includes the dramatic new three-story Jeffrey E. Gunlach building and the restoration of two other historic buildings on the campus formerly known as Albright-Knox Art Gallery. AKG is projected to increase visitation by more than 30 percent and attract at least 160,000 visitors per year. It is estimated that the region could experience a sustained economic benefit of an additional $34 million per year as a result of the increased tourism. “The breathtaking Buffalo AKG Art Museum is one of the world's finest institutions for modern and contemporary art — showcasing the economic and cultural renaissance Western New York has experienced in recent years,” Governor Hochul said. “Buffalo is very fortunate to have a world-renowned art museum with a reputation that has grown to even greater prominence as it expands its campus and collection of works. The new building and campus are a dramatic work of art that will attract visitors and support the regional tourism economy for decades to come.” Read the full press release here.
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Public Notice

Monday, June 12, 2023 - 5:00pm
View Public Notice Amended General Project Plan Public Hearing Instructions
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Report

Wednesday, June 7, 2023 - 1:49pm
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Press Release

Tuesday, June 6, 2023 - 2:00pm
In-Person Events to Empower Minority and Women-Owned Businesses to Build Connections and Compete for State Contracts Information and Registration Can be Found Here Governor Kathy Hochul today announced that New York State will host three events as part of the 2023 New York State Minority and Women-Owned Business Enterprise Regional Opportunities Expo Series. The expos — which will connect Minority and Women-Owned Business Enterprise with New York agencies and authorities, expert resources, information on State projects and tools to access State contracting opportunities — will take place in Brooklyn on June 20, in Syracuse on June 28, and in Buffalo on July 13. "New York draws strength from its diversity, and it is a priority for my administration to ensure that businesses from every corner of our state are provided the opportunity to thrive," Governor Hochul said. "Through these informative events, we are forging powerful connections both among MWBEs and between MWBEs and the State, empowering these businesses with essential resources and relationships to succeed." The 2023 New York State MWBE Regional Opportunities Expo Series, sponsored by Empire State Development's (ESD) Division of Minority and Women's Business Development, will provide Minority and Women-Owned Business Enterprise's (MWBE) with the resources necessary to successfully secure State contracts through interactive sessions, engaging panel discussions, and capacity-building workshops. By harnessing the knowledge shared by industry experts and connecting directly with procurement officers, MWBEs will gain a wealth of understanding, strategic guidance, and valuable connections. The expos will also include information about State-sponsored financial and technical assistance programs, including the MWBE Business Growth Accelerator Program, the MWBE Bridge to Success Loan Program, and the New York State Small Business Credit Initiative. Key exhibitors include the New York Power Authority, the Dormitory Authority of the State of New York, the New York State Department of Health, New York State Thruway Authority, The City University of New York, The State University of New York, the New York State Department of Transportation, New York State Department of State, New York State Department of Agriculture & Markets and the New York State Department of Transportation, as well as other State transportation, construction and education agencies and authorities with billions of dollars in opportunities. Empire State Development President, CEO and Commissioner Hope Knight said, "Fairness and equity lie at the heart of a thriving economy, and in the Empire State, we stand firm in our commitment to leveling the playing field for MWBEs. By ensuring an equal opportunity for these businesses to compete for New York State contracts, we can tap into the boundless potential of our diverse entrepreneurial community." Read the full press release here.
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Press Release

Tuesday, June 6, 2023 - 12:30pm
New York State Council on the Arts’ Capital Projects Fund Will Support Transformative Projects at 19 Arts and Cultural Organizations Also Announces Groundbreaking for Storm King Art Center Redevelopment to Enhance Visitor Experience and Protect the Safety of Staff and Artwork Part of Governor’s Historic Investment of $150 Million in Capital Projects for New York’s Arts and Cultural Institutions to Facilitate Large-Scale Placemaking and Community Development Projects Governor Kathy Hochul today announced a record $90.5 million in funding for large-scale capital projects at 19 arts and cultural organizations across New York State through the New York State Council of the Arts Capital Projects Fund. The announcement, which follows a $42 million investment in small and mid-sized capital projects announced in April, is part of the Governor’s historic $150 million investment in capital improvements for the arts. Governor Hochul announced the new funding at the groundbreaking for the campus-wide improvement project at Storm King Art Center, a 500-acre outdoor museum in the Mid-Hudson Region and a $7.5 million NYSCA Large Capital Improvement Grants recipient. "From New York City to the North Country, we are investing in our state's robust arts and culture sector to ensure all New Yorkers, regardless of their background, have access to the transformative power of art," Governor Hochul said. "Our unprecedented support for this shared vision of accessible and sustainable cultural spaces will result in a stronger economy, more jobs, and improved community and personal health for New Yorkers and our visitors from around the globe.” Read the full press release here.
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