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Press Release

Thursday, November 17, 2022 - 11:51am
Australian Firm ProAgni Awarded $1 Million Grand Prize $3 Million in Prize Money Awarded to Eight Startups After Two-Day In-Person and Virtual Pitch Competition in Syracuse Funding for Competition Provided Through Upstate Revitalization Initiatives: CNY Rising, Finger Lakes Forward and Southern Tier Soaring - Regional Comprehensive Economic Development Strategies View Photo of Winning Team Here Governor Kathy Hochul today announced that ProAgni of Lavington, Australia, has been named the $1 million grand prize winner of the Grow-NY business competition, a food and agriculture startup challenge focused on enhancing the emerging food, beverage, and agriculture innovation cluster in Central New York, the Finger Lakes, and the Southern Tier. Now in its fourth year, the program once again attracted exceptional startups and entrepreneurial talent from around the globe to compete in its business development accelerator and two-day pitch competition at the Grow-NY Summit.  ProAgni was one of eight finalists to take home prize money. The winning teams must commit to operating in the Central New York, Finger Lakes, or Southern Tier regions for at least one year, while providing Grow-NY with a small equity investment stake in their entity. Funding for the competition, which is administered by Cornell University's Center for Regional Economic Advancement, is provided through the state's Upstate Revitalization Initiative.  "Congratulations to all of the forward-thinking entrepreneurs that took part in the fourth round of the Grow-NY competition," Governor Hochul said. "This competition not only helps these companies continue to innovate, but it further supports New York State's regional economies by drawing even more worldwide attention to our globally renowned food and agriculture industry. As New York continues to remain on the cutting edge, I look forward to all future endeavors that today's winners will undertake throughout New York State."  ProAgni's ProTect is a revolutionary range of supplements and feeds for livestock that lowers methane emissions from sheep and cattle without the use of antibiotics, decreasing a producer's environmental footprint without increasing costs.  ProAgni CEO and Co-Founder Lachlan Campbell said, "We are honored to join the incredible roster of Grow-NY winners, and grateful to New York state, Grow-NY, and the Center of Excellence for Food and Agriculture for their support. We're excited to expand our mission to revolutionize supplements and feeds for livestock that lower methane emissions into Upstate New York and the prize money will allow us to make an even greater impact. We've had an amazing experience throughout the program, from the guidance and connections our mentor Brad Goulthrope provided to the regional partners we were able to meet, to our competitors whose cutting-edge work and pitches were truly inspiring."   In all, 390 startups applied from 52 countries, including Singapore, Australia, and Sri Lanka. In the U.S., 25 states were represented, including 92 entries from New York. 38% of applicants included a female founder and a record 75% included a founder from an underrepresented minority group. The 20 finalists received dedicated mentorship from hand-selected regional business advisors leading up to the competition. Those selected as winners will now immediately get to work executing their business plans in New York state, leveraging the connections made and regional knowledge gained from the competition.  More than 1,2000 people registered for the fourth annual Grow-NY Summit. The 20 finalists gave highly-anticipated business pitches to a panel of six judges reflecting a depth and breadth of agriculture, food production, and venture development expertise, who listened to each pitch and asked probing questions, before deliberating to determine the top winners. The Summit culminated with the presentation of awards, where Trish Thomas, CEO and co-founder of 2021 Grow-NY $1 million grand prize winner Every Body Eat, announced the four $250,000 winners and Commissioner Richard Ball revealed the two $500,000 recipients, as well as the $1 million award winner.  Department of Agriculture and Markets Commissioner Richard A. Ball said, "Grow-NY has become one of New York's finest annual traditions, shining a spotlight on the many diverse, innovative, exciting agricultural and food businesses across the State. I thank Governor Hochul for her continued support of the Grow-NY competition and send my congratulations to all of the winners and participants this year. I look forward to seeing you create the technologies and jobs of the future, while continuing to provide a boost our local farmers."  Read the full press release here.
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Board Meeting

Thursday, November 17, 2022 - 9:30am
With Video Conferencing to: CenterState Corporation for Economic Opportunity. 115 W. Fayette Street, Syracuse, New York 13202 The meeting is open to the public. The public may also view and listen to the meeting via webcast by clicking the link below. Please Note: Due to building procedures, members of the public attending in-person at either location should please RSVP by 4:30 p.m. on Wednesday, November 16, 2022. Members of the press should please call (800) 260-7313; Members of the public should please call (212) 803-3772. Members of the public may submit comments on the Agenda items in writing to [email protected] by Noon on Wednesday, November 16, 2022. All comments received by the deadline will be distributed to the Directors prior to the meeting and will posted online.
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Press Release

Tuesday, November 15, 2022 - 3:22pm
Project at National Historic Site in Greene County will Support Regional Tourism Economy Rendering Available Here Empire State Development (ESD) today celebrated the groundbreaking of the $1.8 million Master Plan, with a new visitor center as its centerpiece, at the Thomas Cole National Historic Site, located in the village of Catskill, Greene County. The new 1,800 square foot visitor center, to be named The Cole Center, will serve as a multi-purpose open concept space designed to improve visitor experience. It will include a gift shop, a café, and a public patio, and will host visitor orientation, events and creative activities. The Cole Center will incorporate high-efficiency heating and cooling pumps, with electricity sourced from regional solar. This project is being supported by a $360,000 ESD capital grant recommended by the Capital Regional Economic Development Council. Lieutenant Governor Antonio Delgado said, “Thomas Cole dedicated his life to conservation while using his talents as an artist to capture the wonder of our natural surroundings, including the Hudson Valley and Catskill Mountains. The Thomas Cole historic site is not only an essential component of our economy, but also serves as an important reminder that the beauty of our countryside is awe-inspiring, and its preservation is vital to the well-being of our environment.” Empire State Development President, CEO and Commissioner Hope Knight said, “Investing in regionally-significant industries that align with the strategic plans developed by our Regional Councils is a cornerstone of our  economic development efforts. This is especially true for tourism businesses, which were disproportionately impacted by the COVID-19 pandemic. ESD is proud to support the establishment of the Cole Center at the Thomas Cole National Historic Site and the growth of the regional tourism economy." “It is an honor to celebrate this milestone with Lt. Governor Delgado and Empire State Development,” said Elizabeth B. Jacks, Executive Director of the Thomas Cole National Historic Site. “The support from Empire State Development has been critical in transforming this important place in American art into a world-class destination and community resource. In 2021, Lt Governor Delgado nominated the Thomas Cole Site for a National Medal and we were named one of 15 museum finalists across the entire country. A recent economic impact study found that the Thomas Cole Site has a $2.5 million value added impact on the county every year. The new building designed by Stephen Shadley is supremely elegant and fulfills a critical need to welcome and orient our growing audiences. We are so grateful to Stephen for donating his masterful design for this landmark project.” The Thomas Cole National Historic Site is an economic driver in the Capital Region, and the project will implement improvements and upgrades necessary to accommodate higher visitation, increase efficiencies and visitor safety, and improve climate conditions for historic preservation. The project also supports neighboring tourism assets including the Hudson River Skywalk and Olana State Historic Site. Over the twelve rounds of the Regional Economic Development Council Awards, New York State has awarded more than $1.8 million to support the Thomas Cole National Historic Site. The new Cole Center was designed pro bono by Stephen Shadley, a New York City-based architectural designer who is a member of the Board of Trustees of the Thomas Cole National Historic Site. The Cole Center is the first cultural building that Shadley has designed. It puts the natural setting and historic campus in the foreground of the new structure, which opens onto a new outdoor public patio through an expanse of 18-foot-high windows. Those windows embrace and reflect the dramatic view of the Catskill Mountains, and the Cole Center’s forest-green exterior allows it to recede into the landscape. The exterior design references and draws inspiration from Thomas Cole’s own 19th-century architectural designs, one of which – his 1846 New Studio – was previously reconstructed and is part of the historic campus now framed by the new building. The historic campus consists of the 1815 Main House, the 1839 Old Studio, the reconstructed 1846 New Studio, and the gardens and grounds against the backdrop of the Catskill Mountains. Capital REDC Co-Chairs Ruth Mahoney, Executive Vice President, President of Wealth Management and Regional President at NBT Bank and Dr. Havidán Rodríguez, University at Albany President, said, "The Thomas Cole Historic Site is key to the continued growth of the regional economy, not only showcasing the beauty of the Capital Region, but drawing thousands of visitors each year. These grants will provide upgrades that further support the region's tourism economy, and we are proud to offer our support." Senator Michelle Hinchey said, “As one of the Hudson River School of painters, Thomas Cole was an iconic figure in American art history who helped spark the environmental movement that showed the world the magnificent beauty of our region. This legacy lives on through the Thomas Cole National Historic Site in Catskill, a major economic driver for our region that will be boosted significantly by the exciting addition of a visitor center. I thank Governor Hochul, Lt. Governor Delgado, and ESD for supporting this smart investment in elevating our profile as a destination for cultural tourism.” Assemblyman Chris Tague said, "I am very proud to see our great Catskill community breaking ground on the new and improved Thomas Cole National Historic Site. The Thomas Cole National Historic Site will continue to be a driver of tourism and economic development for the region. I am proud that state leaders recognized a need in our community, and delivered a $1.8 million dollar upgrade that will further spotlight the wonderful tourist aspects of our more rural communities. New York State is rich in Beauty, and improvements like the ones celebrated today will continue to drive tourism opportunities for the surrounding attractions such as the Hudson River and Skywalk and Olana State Historic Site."   Green County Deputy Administrator Warren Hart said, “Tourism is an important economic driver for Greene County. The Thomas Cole National Historic Site continues to grow in visitorship in part, because of the leadership and strong vision in support of the arts and the multiple benefits it brings to county residents and visitors alike.  The site also does an exceptional job at improving facilities and welcoming visitors to Greene County.” Additional significant support for the project is provided by the National Park Service, The Bay & Paul Foundations, Hudson River Valley Greenway, Nina Matis & Alan Gosule, Brown Foundation, Evelyn Trebilcock & Douglas Hammond, Christopher Buck & Dr. Hara Schwartz, Anne Miller & Stuart Breslow, the Warner Foundation, The Educational Foundation of America, Robert Miller & Kathy Klingenstein, The J. M. Kaplan Fund, Lisa Fox Martin, Kristin Gamble, Jimmy & Micaela Bulich, Alison Lankenau, Carolyn B. MacDonald, Betsy & Al Scott, Stainman Family Foundation, and many other generous individuals and foundations. About Empire State Development Empire State Development (ESD) is New York’s chief economic development agency. 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 the New York State 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, please visit www.regionalcouncils.ny.gov and www.esd.ny.gov. The Thomas Cole National Historic Site The Thomas Cole National Historic Site is an international destination presenting the original home and studios of the artist and early environmentalist Thomas Cole (1801-1848). Cole founded the first major art movement of the United States, now known as the Hudson River School of landscape painting. Located on six acres in the Hudson Valley, the Site includes the 1815 Main House, Cole’s 1839 Old Studio, the reconstructed 1846 New Studio building, and panoramic views of the Catskill Mountains. It is a National Historic Landmark and an affiliated area of the National Park System. The Thomas Cole Site’s activities include guided and self-guided tours, special exhibitions of both 19th-century and contemporary art, print publications, lectures, extensive online programs, school programs, the Cole Fellowship, free community events, and innovative public programs such as the Hudson River School Art Trail—a map and website that enable people to visit the places in nature that Cole painted—and the Hudson River Skywalk, a new scenic walkway connecting the Thomas Cole Site with Frederic Church’s Olana over the Hudson River. The goal of all programs at the Thomas Cole Site is to enable visitors to find meaning and inspiration in the full historic context of Thomas Cole’s art and ideas. The themes that Cole explored in his art and writings—such as landscape preservation—are both historic and timely, providing the opportunity to connect to audiences with insights that are highly relevant to their own lives. The hours of the Thomas Cole National Historic Site vary by season. For details see: www.thomascole.org/visit. For photos of the event click here. Contact: Kristin Devoe | [email protected] | (518) 414-1087 ESD Press Office | [email protected] | (800) 260-7313
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Report

Tuesday, November 15, 2022 - 10:26am
Centers for Advanced Technology Report 2022
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Press Release

Monday, November 14, 2022 - 2:31pm
Investment Will Unlock New Housing, Business, and Employment Opportunities in Buffalo's Broadway-Fillmore Neighborhood, Enhance Quality of Life for All Buffalo Residents Underscores Governor's Commitment To Jumpstarting Upstate Economies, Revitalizing Downtown Communities Through DRI Renderings Available Here Governor Kathy Hochul today announced 11 transformational projects in Buffalo's Broadway-Fillmore neighborhood to enhance the quality of life for Buffalonians and create business, employment, and housing opportunities as part of the $10 million Downtown Revitalization Initiative award. These investments will leverage the neighborhood's dense stock of largely historic commercial buildings for vibrant new green space, retail-oriented streets, improved bike and pedestrian connections and lively streetscapes. These improvements are part of the Governor's ongoing efforts to revitalize the upstate economy and uplift Western New York communities. "We are forging a new path forward for Buffalo — making significant investments that will help continue to rewrite the Buffalo comeback story," Governor Hochul said. "Our investments in housing, economic development, and job creation in East Buffalo will help breathe new life into the community and make it a better place to live and work. My administration will continue our efforts to transform neighborhoods into vibrant community centers and build a better future for New Yorkers." Read the full press release here.
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Board Meeting

Monday, November 14, 2022 - 11:00am
This meeting is open to the public. The meeting will be streamed and available by clicking the link below. Due to building procedures, those wishing to attend must RSVP by 4:30 p.m. on Thursday, November 10. RSVP press line (800) 260-7313; RSVP public line (518) 292-5105.
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Board Meeting

Monday, November 14, 2022 - 10:30am
With videoconferencing to: Empire State Development, 633 Third Avenue – 37th Floor Conference Room, New York, New York 10017 The meeting is open to the public. Please Note: Those attending at either location must RSVP by 9:00 a.m. on Monday, November 14, 2022. RSVP press line (800) 260-7313; RSVP Buffalo press line (716) 846-8239; RSVP public line (212) 803-3772 The public may listen to the meeting via webcast by clicking the link below. Members of the public may submit comments on the Agenda items in writing to [email protected] by 9:00 am on Monday, November 14, 2022. All comments received by the deadline will be distributed to the Directors prior to the meeting and will be posted online.
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Press Release

Thursday, November 10, 2022 - 10:33am
Project Supported by $300,000 Grant Recommended by Long Island Regional Economic Development Council Empire State Development (ESD) today announced the completion of the $1.5 million Shinnecock Commercial Fishing Dock renovation in Southampton, Suffolk County. The project rehabilitated the dock’s bulkhead, parking area, and electrical and water systems, which will increase the commercial fleet's operational efficiency and support the sustainability of the region’s commercial fishing industry. In 2018, more than 4.2 million pounds of fish were landed at Shinnecock, with a value of nearly $6 million.  Empire State Development President, CEO & Commissioner Hope Knight said, "Long Island’s iconic shoreline hooks residents and tourists drawn to its beaches for fun and recreation, but the waterfront also represents an economic lifeline for the fishing industry. Renovation of the Shinnecock Commercial Fishing Dock, home to New York State’s second-largest commercial fishing fleet, will further buoy the regional economy and jobs driven by the industry." The Shinnecock Commercial Fishing Dock is home to the second largest commercial fishing fleet in New York State, with approximately two dozen commercial fishing vessels that directly support hundreds of local jobs and supply wild-caught fish to local and global businesses. The project was supported by a $300,000 Empire State Development capital grant, recommended by the Long Island Regional Economic Development Council, reflecting New York State's support for the commercial fishing industry as a key regional industry. The two dozen commercial fishing vessels based at Shinnecock Commercial Fishing Dock support jobs for a range of workers, including boat crews, bait and tackle shops, hardware stores, welders and electricians. LIREDC Co-Chairs Linda Armyn, Chief Strategy and Marketing Officer at Bethpage Federal Credit Union, and Farmingdale State College President Dr. John Nader said, "Long Island’s commercial fishing industry is essential to the region’s economic vitality. In supporting the success of the fleet operating from the Shinnecock Commercial Fishing Dock, this project will help countless Long Islanders not only stay afloat but thrive." Southampton Town Supervisor Jay Schneiderman said, "The Dock is rich in local history and tradition. It plays a vital role in the food supply chain and the local economy. The Town is committed to assuring its continued operation." The renovation delivers much-needed dock infrastructure upgrades to support the port's sustainability, ensuring the continued safe operations of the commercial fleet, and provides greater resiliency against future storms and adverse impacts related to climate change. As a result, the commercial fisheries that operate out of this port will continue to contribute to the regional economy and will achieve goals for growth and increased operational efficiency. The Shinnecock Commercial Fishing Dock was developed by Suffolk County in the early 1980s. In 2002, Southampton and Suffolk County signed an agreement for the town to operate, manage, and repair the dock to better support the local commercial fishing industry. This led to better electrical service, a single-story dockmaster’s building, and a stormwater mitigation strategy. Additional upgrades were made in 2013 after Superstorm Sandy, and the docks were re-decked in 2017 and 2018, with spot repairs to address sinkholes. The Town of Southampton took complete ownership of the dock from Suffolk County in May 2019, and has made several improvements since then, with this project being the most comprehensive and significant. About Empire State Development Empire State Development (ESD) is New York’s chief economic development agency. 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 the New York State 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, please visit www.regionalcouncils.ny.gov and www.esd.ny.gov. Contact: Emily Mijatovic | [email protected] | (212) 803-3692  
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Report

Wednesday, November 9, 2022 - 5:13pm
CDFI Assistance Program 2022 Annual Report
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Report

Wednesday, November 9, 2022 - 5:10pm
Regional Revolving Loan Trust Fund Report FY2021-2022
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