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Press Release
Wednesday, November 9, 2022 - 2:36pm
Perry’s Ice Cream Company’s $18 Million Project Will Add a 20,000 Square-Foot Facility, State-of-the-Art Machinery, and Create New Jobs
Empire State Development (ESD) today announced Perry’s Ice Cream Company Inc. is expanding its production capabilities to meet the growth of the novelty market, adding 20,000-square-feet to its manufacturing facility in the Village of Akron. To better accommodate the growing demand for frozen Greek yogurt novelties, Perry’s will also purchase new machinery and equipment. The company has committed to creating up to 15 new jobs as part of the expansion project; 370 jobs will be retained.
Empire State Development President, CEO, and Commissioner Hope Knight said, "Generations of Western New Yorkers have had a sweet tooth for Perry’s ice cream and I am very pleased Empire State Development could help ensure this longtime manufacturer continues to grow, compete and create new jobs here. ESD and New York State are committed to investments that give local companies like Perry’s the resources needed to not only survive but to thrive, and we look forward to the Akron facility’s expansion.”
The frozen novelty market is a $5 billion industry globally that is seeing exponential annual growth. To meet this growing demand, Perry’s will establish a new extruded novelty line that will serve its current and future contract manufacturing customers. The new line will have the ability to craft conventional ice cream-based options as well as sorbet, yogurt, non-dairy varieties and more. The $18 million project includes the addition of a 20,000-square-foot building to house the new extruded ice cream novelty machine and conveyor systems, as well as upgrades to an existing building’s engine room and pump room.
Perry’s President & CEO Robert Denning said, “Western New York is an ideal place for us to operate our growing business, service our customer base, and expand our offerings. We are grateful to ESD for providing support for our latest business opportunity. We also recognize that our success is the direct result of our team’s dedication and commitment to making the highest quality and most delicious products.”
The company’s successes couldn’t happen without the contributions of local dairy farmers who provide nearly 100% of the milk used at the growing manufacturing facility. Using the same recipe passed down through four generations, Perry’s uses fresh, local, high-quality milk and cream to craft and slow-cook its ice cream for a creamy texture and taste that consumers have enjoyed for over 100 years. Perry’s also funds research and development into new and improving products, production processes, and logistics. This R&D will increase as the company explores new ice cream production capabilities with the expanded technology and different types of products being manufactured.
ESD is assisting Perry’s by providing up to $365,000 in Excelsior Jobs Program tax credits in exchange for job creation commitments. Perry’s expects to be operational in the new space by late summer of 2023.
Erie County Executive Mark Poloncarz said, “Perry’s ice cream is an international favorite that has been bringing smiles to faces for generations and this expansion is sure to make those grins grow even wider. Demand for Perry’s high-quality frozen products is growing and Perry’s is growing to meet it, adding jobs and a new line to produce more of the ice cream products that customers love, made here in Erie County with milk from local dairy farms. I congratulate Perry’s on their continued growth and look forward to their continued success.”
State Assemblyman Michael Norris said, “Perry’s Ice Cream is a cornerstone of one of Western New York’s hidden gems in the Akron business community. I have had the privilege of touring Perry’s Ice Cream several times and am proud to represent a company in my district that has done things the right way for generations. Investing in cornerstone businesses that are entwined in the fabric of a community is so important to grow and build our economy from the ground up. I look forward to continuing to work with my colleagues in Government, local businesses such as Perry’s Ice Cream, and other stakeholders to invest in New York small businesses and create jobs and growth for the future.”
Perry’s Ice Cream, a Great Lakes regional brand, was founded in 1918 and is Upstate NY’s #1 ice cream manufacturer, offering a wide variety of ice cream and frozen novelty treats. The 4th generation of the family-owned business continues building on its success by deploying a three-pillar strategy to diversify its business model: manufacturing the traditional Perry’s brand, contract manufacturing, and distributing partner brands; with a distribution system that covers more than 100,000 square miles and a global contract manufacturing segment that supplies to over 35 countries.
For additional information about Perry’s Ice Cream please visit: https://www.perrysicecream.com/.
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:
Pamm Lent | [email protected] | (716) 846-8309
Laura Magee | [email protected] | (716) 846-8239
Report
Friday, November 4, 2022 - 5:01pm
View the report
Press Release
Friday, November 4, 2022 - 12:30pm
Program Designed to Increase Digital Game Investment and Bolster New York's Existing Digital Game Development Industry
New York State to Lead First-in-the-Nation Statewide Pavilion at 2023 Game Developers Conference in San Francisco
View New Empire State Digital Gaming Logo Here
Governor Kathy Hochul today announced initial applications are now open for the first ever New York State Digital Game Development Tax Credit Program to support games that begin development on or after January 1, 2023. The New York State Digital Game Development Tax Credit Program is intended to grow the digital game development industry across the state and accelerate economic development by offsetting some production costs. This is a $25 million tax credit that will award up to $5 million per year for five years.
"New York is consistently at the forefront of innovation in emerging industries, and digital gaming is no different," Governor Hochul said. "Through the $25 million tax credit, we'll help grow this thriving industry in New York, create jobs and drive investment throughout our communities. Now is the time to show developers why our state is the place to invest in the future of digital gaming."
Governor Hochul also announced New York will be the first state in the nation to lead a statewide pavilion at the 2023 Game Developers Conference — a premier industry event held in San Francisco from March 20 until March 24. New York has started to recruit businesses to join the delegation. Additionally, Governor Hochul unveiled New York State's new digital game development logo that will accompany all games incentivized through this program and developed in New York State.
Empire State Digital Gaming Media Production Credit Program
New York State is one of the nation's leaders in the digital game development industry, offering a comprehensive ecosystem for digital game studios to thrive, due to unparalleled strengths in advanced technology, creative arts and entertainment. The New York State Digital Game Development Tax Credit Program is designed to accelerate and attract economic development by offsetting some production costs associated with producing digital games in New York State.
Qualified digital game development studios will be required to submit their initial applications to New York State before beginning a project. Once the project is completed and the final application is audited, applicants can receive tax credits of up to 25 percent of qualified production costs in New York City and 35 percent outside of the New York City metropolitan commuter transportation district.
To qualify, the entity must be engaged in a qualified digital gaming media production and must have a minimum of $100,000 total production costs. A minimum of 75 percent of the total production costs must be incurred and paid by the Applicant for work performed and/or services rendered in New York State for the digital gaming media production to qualify. The project must begin on or after January 1, 2023.
Eligible expenditures for qualified productions include:
Any costs for wages or salaries paid to individuals, other than actors or writers, directly employed in the creation of a digital gaming media production or productions
Payment for services performed in digital gaming media productions predominantly in the development, design, production, editing, and composing of digital gaming media
Costs may not include expenses incurred for the distribution, marketing, promotion, or advertising content.
For companies larger than 10 employees, the salaries of executive staff are not eligible. Maximum qualified costs of $4,000,000 per project may be used in the calculation of the Digital Game Development Tax Credit. Up to $100,000 in wages and salaries paid to any individual directly employed may be used in the calculation of this credit
Applications can be found on the Empire State Development website here.
Read the full press release here.
Press Release
Thursday, November 3, 2022 - 8:31pm
Archangel Imaging Wins GENIUS NY $1 Million Grand Prize; Four Other Finalists Receive $500,000 investments as Part of $3 Million Awarded to Innovative Companies that will Now Operate in Syracuse
Investment Complements "CNY Rising" - The Region's Comprehensive Strategy to Revitalize Communities and Grow the Economy
Photo of Winner Available Here
Governor Kathy Hochul today announced that the winner of the $1 million grand prize from round six of the GENIUS NY accelerator is Archangel Imaging from the United Kingdom. Archangel Imaging deploys smart machines, alongside people, to protect valuable assets and at-risk staff in remote or challenging places. Whether its cables being stolen, oil being tapped or elephants poached for ivory, the company provides the ability for the security team to know before these incidents are about to happen and immediately intervene or follow up. The GENIUS NY program is the world's largest business accelerator competition focused on unmanned systems, data to decision and IoT. The year-long program awarded five finalist teams a total of $3 million at its Finals Night event in downtown Syracuse, including investments of $1 million and four $500,000 awards. The program, which is administered by CenterState CEO's Tech Garden in Syracuse, offers incubator space, company resources, programming and mentoring to accelerator finalists. To date, New York State has invested $30 million in GENIUS NY over the programs six rounds. Participants are required to operate their business in Central New York for at least one year.
"As we continue to support innovation and key industries throughout New York, key investments are being made to revitalize Central New York," Governor Hochul said. "The GENIUS NY competition continues to transform the landscape of Central New York by attracting the next generation of innovative entrepreneurs from around the world to the region. Our continued investment in uncrewed aerial system businesses is helping to ensure that New York State remains at the forefront of this important industry, bringing quality jobs and economic growth to the region."
During the live event, the five teams pitched their business plans to a panel of judges and audience. Following the pitches, all five competitors were awarded one of five investments. Additionally, the teams will use these investments to continue to accelerate their growth and expand their presence in the region.
"Being selected as the GENIUS NY 2022 Grand Prize winner is an incredible achievement and recognition for our team, particularly in the context of such high-quality companies in the cohort this year," said Dan Sola, CEO of Archangel Imaging. "This investment enables us to create high value jobs and fuel long term growth and local partnerships. Throughout the program we have benefited from the amazing support and investment from GENIUS NY, CenterState CEO and Empire State Development. Both local government and local businesses here have helped us to hit the ground running and we're already hiring and engaging in joint development. We are proud to be a part of the Central New York community."
Fusion Engineering, Netherlands, AVSS - Aerial Vehicle Safety Solutions, Inc., Canada, Wonder Robotics, Israel and Dronehub, Poland were each awarded investments of $500,000.
Since 2017, GENIUS NY companies have raised more than $ 90 million in follow-on funding and have created 75 jobs in the region. The advancement of the GENIUS NY program builds on the progress of CNY Rising, the region's award-winning strategic plan to revitalize communities and grow the economy.
Empire State Development President, CEO and Commissioner, Hope Knight, said, "The GENIUS NY program is supporting the incredible growth of the uncrewed aerial systems industry in Central New York. Congratulations to all of these forward-thinking innovators who are bringing their exceptional entrepreneurial ideas to the region and are ready to take advantage of New York State's unmatched UAS assets and infrastructure."
Read the full press release here.
Press Release
Thursday, November 3, 2022 - 12:05pm
Company to Invest $6M at Niagara Falls Plant for Carbon and Graphite Product Manufacturing
Plant Helps to Reduce New York’s Carbon Footprint by Providing Products Used to Produce Clean Hydrogen Fuel
Empire State Development (ESD) today announced that Americarb Inc., a leading global producer of carbon and graphite advanced materials, plans to add 45 jobs and invest $6 million in its Niagara Falls plant. The investment will be used to purchase and install new machinery and equipment utilized in the manufacturing of high temp composite material for the production of clean hydrogen and in aerospace and defense applications.
“Advanced manufacturing is a critical economic driver in New York State,” said Empire State Development President, CEO and Commissioner Hope Knight. “By making this significant investment in the Niagara Falls plant, Americarb has now renewed its commitment to our region and workforce, making the facility a key part of the next generation of innovation in the clean energy and defense sectors. Most importantly, this expansion will help accelerate job growth throughout the region, which is laser-focused on the industries of tomorrow.”
Americarb Inc. manufactures ultra-high and high temperature composite material used in commercial and defense applications, as well as unique high temperature processing capabilities. The advanced carbon composites it manufacturers are stiffer and lighter than many metals and possess excellent strength properties that make them an effective alternative in high temperature applications. Its ultra-high strength composites can be used in applications exceeding 2,500 degrees Celsius.
Americarb Controller Mark Rawls said, “The expansion into this state-of-the-art facility marks a continuation of Americarb’s growth in New York State and is a pivotal milestone in taking our production of high temperature composite materials to the next level. Thanks in part to New York State, our new machinery will strengthen our output capacity in response to growing industry demands, while also building the networks of tomorrow.”
Recently, the Americarb plant, located at 6100 Niagara Falls Boulevard, has seen rapid growth in two markets that require its high temperature composite material. The first is fuel cell membranes for electrolyzers used in the production of green hydrogen. The fuel cell membrane makes up half of each completed fuel cell and is a key component to technology that allows the separation of hydrogen and oxygen. Hydrogen fuel cells (HFCs) produce no harmful emissions and are generally between 40% to 60% energy efficient, according to the U.S. Department of Energy. This range compares to the typical internal combustion engine of a car, which is about 25% energy efficient.
The second growing market is in aerospace and defense, as the composite material is used in hypersonic, strategic missile, and space launch systems programs. Hypersonic flight systems need to withstand temperatures of up to 3,000 degrees Fahrenheit during re-entry. Americarb furnaces treat the parts to temperatures exceeding this requirement.
The project will include new machinery and equipment to meet these growing demands, as well as upgrading Americarb’s cybersecurity measures for government contracts. The expansion will add more high temperature furnaces, refrigerated cooling capacity and production equipment, including:
Rayon washing, drying, coating, drying and continuous high heating furnace treating system.
Two additional 96” furnaces for increased volume.
Abbot furnace to increase capacity.
Upgrade the water-cooling system to keep the furnace heating coils cool.
Install a guard building to provide around the clock security required for government contracts.
Upgrade cybersecurity for government contracts.
Pitch and resin impregnation system.
Refrigerated room for storage of resin coated fabric and resin storage.
Autoclave system of 500 degrees Fahrenheit to make 3-D hypersonic parts.
5 axis CNC machining center.
As a result of the project, Americarb has committed to creating up to 45 new jobs; 41 jobs will be retained. Empire State Development (ESD) will provide up to $450,000 in Excelsior Jobs Program tax credits in return for job commitments.
Senator Robert Ortt said, “With its $6 million investment into the company’s Niagara Falls plant, Americarb is further committing to not only a new and cleaner method of manufacturing, but it is also committing its future to the residents and workers of our community. Along with the new machinery that will be purchased with this investment, 45 new, quality jobs will be created thanks to Americarb’s expansion. We continue to see incredible growth in our Niagara Falls thanks to our local industries’ well-placed faith in Niagara County’s workforce, and I look forward to Americarb being a valuable asset to our community for years to come.”
Assembly Member Angelo Morinello said, “I congratulate Americarb for expanding, while partnering with some of the leading companies in the world for solar and stationary fuel cell powered generation. Through these collaborations, the company has been able to develop solutions to lower costs and make the technologies for tomorrow’s green energy-fueled future a reality.”
City of Niagara Falls Mayor Robert Restaino said, “As we continue to diversify our local economy, this financial assistance by ESD to retain and increase quality jobs at Americarb is a further example of the commitment of Governor Hochul to grow the Niagara Falls economy. We appreciate the continued investment by Americarb in our City and their commitment to our community.”
For additional information about Americarb Inc, visit: https://www.americarb.com/.
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:
Pamm Lent | [email protected] | (716) 846-8309
Laura Magee | [email protected] | (716) 846-8239
Press Release
Thursday, November 3, 2022 - 10:09am
Augmented Reality Smart Glasses Company Plans to Lease up to an additional 40,000 Square-Foot of Manufacturing Space in West Henrietta: Creating Nearly 70 New Jobs
Investment Complements “Finger Lakes Forward” – The Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy
Empire State Development (ESD) today announced that Vuzix®, a global manufacturer of waveguides, wearable display technologies and augmented reality solutions, is ready to expand its operations in Monroe County in the Town of Henrietta. The cutting-edge optics technology firm plans a phased expansion of its existing footprint by up to 40,000 square-feet, adjacent to its current Hendrix Road location, to accommodate the addition of multiple new waveguide manufacturing lines. The expansion will allow the visionary company to create 66 new jobs over the next four years; 94 jobs will be retained. The company’s origins are in the research and development of augmented reality, virtual reality and next-generation head worn defense tactical displays, serving the enterprise, commercial and defense markets.
Empire State Development President and CEO and Commissioner, Hope Knight, said, “New York State, and the Finger Lakes region in particular, are home to some of the most talent-rich tech companies in the world. By supporting visionary businesses like Vuzix that are committed to growing next-generation technologies in the state, we are bolstering the economy, creating good-paying jobs, and generating even more opportunities to move the Finger Lakes forward."
Founded in 1997, Vuzix products include personal display and wearable computing devices that offer users a portable high-quality viewing experience, and OEM solutions that support custom wearable displays and augmented reality devices. In addition to its Monroe County location, Vuzix also maintains operations in Oxford in the United Kingdom and in Tokyo, Japan.
Paul Travers, Vuzix President & CEO said, "There's no better place to expand our manufacturing operations than here in West Henrietta. Our growing pipeline of OEM business, particularly the interest we’ve received for our custom optical waveguides for use in 3rd party augmented reality devices, is a leading driver. We're delighted to receive support from the Empire State Development’s Excelsior Jobs Program to help us fast track the growth of our facility and meet the expected demand from our OEM partners."
In April of 2022, Travers was featured on the Rochester Business Journal’s Power 50 Technology list, which recognizes business leaders who run innovative companies and whose work also supports other entrepreneurs and the community. Additionally, Vuzix, in collaboration with Ohana One and TeleVU, is working to assist medical professionals in war-torn Ukraine with its wearable technology products, equipping teams with necessary surgical infrastructure.
ESD is supporting Vuzix with its expansion by providing up to $1 million through the Excelsior Jobs Tax Credit Program in exchange for performance-based job creation commitments. Monroe County, the Town of Henrietta, RG&E and Greater Rochester Enterprise are also assisting the company with the project. The total project cost has been placed at a little over $21 million.
State Senator Patrick M. Gallivan said, “Vuzix’s decision to expand operations in Henrietta speaks to the growing demand for its innovative products and technology. In addition to the new jobs that will be created and those that are being retained, the project sends a powerful message about our region and the quality of the local workforce. I congratulate the Vuzix team and wish them continued success in Monroe County."
State Assemblymember Harry Bronson said, "Vuzix’s choice to expand here in Monroe County shows the vitality and economic growth our region continually fosters. As Chair of the Assembly’s Economic Development Committee, I am proud to see these kinds of investments being made here at home. The jobs created by this expansion will help to ensure more skilled workers coming from our local colleges and universities stay here in Monroe County. This is a win for our entire community."
Monroe County Executive Adam Bello said, “I applaud Paul Travers and the Vuzix team for their commitment to Henrietta and Monroe County. This top-tier company recognizes the highly-skilled and diverse workforce available in our region and their expansion is ongoing proof that our community is a hub for technology and innovation. Monroe County looks forward to continuing its support for Vuzix’s growth through COMIDA, the County of Monroe Industrial Development Agency. Thank you to Gov. Kathy Hochul and Empire State Development for their investment in our local economy.”
Henrietta Town Supervisor Stephen Schultz said, “I have known Vuzix since the turn of the century, having competed with them for some of the same engineering talent during my days running Pictometry. They have been a great addition to our town and I am glad they are not only remaining in Henrietta, but expanding. RIT, UR, and other area colleges and universities produce a lot of talented graduates and it is great when local companies can keep some of those talented individuals from moving out of state. We look forward to the opening of the addition and the 66 new jobs that will be created, along with the retention of 94 jobs, as part of this expansion.”
Patricia Nilsen, President and CEO of NYSEG and RG&E, said, “We are excited to support Vuzix’s growth in Monroe County. The forward-thinking technology Vuzix develops is a perfect fit for the talented workforce our community calls home. We are deeply committed to the communities we serve throughout New York and our economic development team stands ready to support innovative companies like Vuzix and the job growth they create.”
Rochester Chamber of Commerce President and CEO and Finger Lakes Regional Economic Development Council Co-Chair Bob Duffy said, "As outstanding companies like Vuzix grow in Greater Rochester, it strengthens our region’s position as a hub for optics, photonics, and imaging. We commend Governor Hochul and Empire State Development for their strategic investment in Vuzix, as this visionary company grows to employ an increasing number of talented workers, supporting families and investing back into their community."
Matt Hurlbutt, President and CEO, Greater Rochester Enterprise said, “As demand grows for Vuzix products, Vuzix leaders are expanding the company’s production capacity in Rochester, NY, backed by a talented workforce with world-class optics, photonics, and imaging expertise. GRE connected Vuzix to numerous economic development partners to support this expansion in Rochester and will continue to support the company as this project unfolds.”
For additional information about Vuzix, visit: https://www.vuzix.com/,
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 regionally designed plan focuses on investing in key industries including photonics, agriculture and food production, and advanced manufacturing. Now, the region is accelerating Finger Lakes Forward with a $500 million State investment through the Upstate Revitalization Initiative. 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.
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 the Regional Economic Development Councils and the marketing of “I LOVE NEW YORK,” 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:
Shari Voorhees-Vincent | [email protected] | (585) 399-7055
Press Office | [email protected] | (800) 260-7313
Press Release
Wednesday, November 2, 2022 - 4:30pm
Empire State Development today announced the 6,000 square foot expansion of Lagusta’s Luscious handmade artisanal chocolate manufacturing facility in New Paltz, Ulster County. Lagusta’s Luscious, a local New Paltz treasure, creates and sells ethically and locally sourced and manufactured small batch, vegan chocolates and sweets throughout the country.
Empire State Development President, CEO and Commissioner Hope Knight said, “Small businesses are what make a community special and nothing exemplifies this more than Lagusta’s Luscious. Lagusta’s Luscious is a woman-owned and operated business that is passionate about their product and are committed to supporting their community with locally sourced products and fair wages. ESD is proud to support this company and help them continue to grow and thrive in the Mid-Hudson Region.”
CEO of Lagusta’s Luscious, Lagusta Yearwood said, “As we enter our 20th year of business making chocolates as Lagusta’s Luscious and our 13th as a brick and mortar shop, I’m so honored and excited to be expanding our production capacity by moving into this new space with amazing help from Empire State Development.”
Lagusta's Luscious will invest $501,450 to renovate and build out a 6,000 square foot space that will include 4,500 square feet for production and 1,500 square feet for back office space and shipping. The company will also purchase and install new machinery and equipment for the expanded facility. This expansion will create greater production capacity and operational efficiency. ESD is supporting the project with a capital grant of $100,000 recommended by the Mid-Hudson Regional Economic Development Council (MHREDC) in exchange for the creation of 11 new and the retention of 12 existing jobs at the facility.
MHREDC Co-Chairs Dr. Marsha Gordon, President & CEO of The Business Council of Westchester and Dr. Kristine Young, president of SUNY Orange said, “Lagusta’s Luscious is always a big hit with locals, students and visitors in the Town of New Paltz providing locally made products that are enjoyed throughout the region and beyond. This expansion will allow Lagusta’s Luscious to produce and ship their handcrafted confectioneries efficiently, expanding their reach and creating investment and jobs – as well as smiles in the community.”
Acting Ulster County Executive Johanna Contreras said, “This exciting expansion of one of Ulster County’s most dynamic and successful craft food makers is a testament to Lagusta Yearwood and her team’s dedication to the values that shaped their business: fairness, sustainability and delicious vegan chocolate! Their achievements are a reminder that our amazing and talented people are what really drives our local economy, a fact that we’ve embedded in our Ulster 2040 economic development strategy. We are grateful to our partners at NYS Empire State Development and the Mid-Hudson Regional Economic Development Council for supporting Lagusta’s expansion and for all they work they do to help small businesses like hers throughout the region.”
New Paltz Town Supervisor Neil Bettez, “Lagusta’s is an important and beloved part of our community and I am thrilled that they have chosen to expand their facility here in New Paltz not just because it means there are more jobs but because it means more people will be able to try some of the best chocolate in the country.”
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 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 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:
Kristin Devoe | [email protected] | (518) 414-1087
ESD Press Office | [email protected] | (800) 260-7313
Press Release
Wednesday, November 2, 2022 - 9:50am
British-Based Leader in Semiconductor Industry Will Build 240,000 Square-Foot Facility, Create 600 Jobs at Western New York's STAMP Science & Technology Advanced Manufacturing Park
Investment Builds on Historic $100 Billion Commitment from Micron Technology, Further Strengthens Upstate New York's Advanced Manufacturing and Semiconductor Corridor
Also Complements "Finger Lakes Forward" - The Region's Comprehensive Strategy to Revitalize Communities and Grow the Economy
Governor Kathy Hochul and U.S. Senate Majority Leader Charles Schumer today announced that Edwards Vacuum, a British-based world leader in vacuum and abatement equipment in the semiconductor industry and part of the Atlas Copco Group, has chosen the Western New York Science & Technology Advanced Manufacturing Park located in Genesee County, as the location for their new $319 million, U.S. dry pump manufacturing facility. The dry pump technology that will be produced at the new facility is a vital component to controlling the highly sensitive environment of semiconductor manufacturing processes. Phase One of Edwards Vacuum's 240,000 square-foot campus include manufacturing, warehouse and administration. This new commitment from a global leader in the semiconductor manufacturing supply chain to invest in New York State builds on the announcement that Micron is investing an unprecedented $100 billion in Central New York.
"This major investment from Edwards Vacuum builds on our momentum to secure New York as a leader in semiconductor manufacturing," Governor Hochul said. "On the heels of Micron's $100 billion commitment to Central New York, as well as New York's Green CHIPS legislation and the federal CHIPS and Science Act, we are better positioned than ever to make New York a global hub for advanced manufacturing and attract the jobs of the future. I am thrilled to welcome Edwards Vacuum to Genesee County and look forward to working with them, as well as our local, state, and federal partners, as they make New York their home."
"The CHIPS And Science Act delivers for Upstate New York again," said Senate Majority Leader Charles Schumer. "I am thrilled to announce Edwards Vacuum, a major player in semiconductor supply chain, will soon power Genesee County with an over $300 million plant and 600 good-paying jobs! From Micron's major investment in Central NY and Wolfspeed's new fab in Marcy, to onsemi soon beginning in the Hudson Valley and GlobalFoundries building a new fab in the Capital Region, and now Edward's supercharging our semiconductor supply chain at Western New York's STAMP site, Upstate is becoming the global hub for the chip industry. I told Edwards Vacuum's top brass last month there was no better site than STAMP to locate a new plant and I'm glad they heeded my call. With my CHIPS and Science Act as the lighting rod, we are now seeing energy flow into Upstate's manufacturing sector like never before, and this investment will further cement that the future of microchips will be built with American made products, crafted by New York workers."
Edwards' Semiconductor business President Kate Wilson, said, "I am delighted that we are announcing this new facility in the state of New York. Against a backdrop of growing demand, clearly showing a greater need for investment in manufacturing capabilities that are located close to our customers, we continue to commit significant investment in our operational footprint. This is critical to ensure we retain our position as the vacuum and abatement partner of choice to the global semiconductor industry."
Edwards Vacuum will provide internal training and education, allowing every employee to explore and advance their career opportunities. Additionally, Edwards is committed to recruiting entry-level employees from disadvantaged communities and partnering with existing community-based recruitment and training programs, to provide both soft skills and technical skills that will provide employment opportunities that have not been available in those communities previously.
The Western New York Science & Technology Advanced Manufacturing Park (STAMP) is a 1,250-acre mega site at the forefront of green manufacturing growth in New York. Developed to provide high-capacity, low-cost renewable electricity in a strategic location in the Buffalo-Rochester Tech Corridor, STAMP has attracted over $500 million of investment by innovative companies. With over 500 available buildable acres on-site, 1.1 million people within 30 miles, and 30,000 annually enrolled engineering students at nearby colleges and universities, STAMP is positioned to accelerate New York's growing semiconductor manufacturing, advanced manufacturing, and renewables manufacturing industries.
Empire State Development President, CEO and Commissioner Hope Knight said, "Attracting supply chain partners in the semiconductor industry is key building a stronger ecosystem in New York State. Edwards Vacuum's choice of STAMP for its new facility further cements New York State as a leader in the semiconductor industry."
Read the full press release here.
Report
Tuesday, November 1, 2022 - 4:12pm
Empire State Development (ESD) oversees administration of the Empire State Commercial Production Tax Credit Program. The Program is designed to increase the production of commercial filming in New York State.
Commercial Production Tax Credit Program Annual Report: 2021
Press Release
Tuesday, November 1, 2022 - 2:25pm
Program Promotes Revitalization of Communities by Redeveloping or Eliminating Blighted Structures
Letters of Intent are Due by November 30; Applications Available Here
Traducción al español
Governor Kathy Hochul today announced today that the second round of Restore New York grant program applications are now open. The $250 million program encourages community development and neighborhood growth through the elimination and redevelopment of blighted structures. This round of funding makes $150 million in grants available to municipalities to support projects that focus on demolishing, rehabilitating and restoring residential, commercial and mixed-use buildings. The program, administered by Empire State Development, is designed to help local governments revitalize their communities and encourage commercial investment, improve the local housing stock, put properties back on the tax rolls, and increase the local tax base. Letters of intent are due by November 30, and applications for the second round are available here.
"Revitalizing our communities starts with investing in the historic buildings that have long formed the backbone and character of our neighborhoods," Governor Hochul said. "Restore New York funding gives localities the resources to transform abandoned and neglected properties into modern, 21st century buildings. By helping to rebuild and strengthen communities across the state, we will stimulate local economies and continue to build back New York better and stronger."
The goal of Restore New York is to help attract residents and businesses by redeveloping residential, commercial, and mixed-use properties. Each project should align with the regional strategic plan of the Regional Economic Development Council and projects should be either architecturally consistent with nearby and adjacent properties or consistent with the municipality's local revitalization or urban development plan.
Funding can be used for vacant, abandoned, condemned or surplus buildings and these properties can be demolished, deconstructed, rehabilitated or reconstructed. Emphasis will be placed on projects in economically distressed communities, projects that leverage other state or federal redevelopment funds and the project's feasibility and readiness.
Eligible applicants include counties, cities, towns, and villages within New York State based on the following criteria:
Cities over 100,000 in population may apply for up to $5 million for one project. However, cities of over one million in population and counties therein must apply for projects in a distressed area of the city
Cities and villages with populations between 40,000 and 99,999 may apply for one project up to $3 million
All other municipalities may apply for one project up to $2 million
Empire State Development may grant a limited number of special awards. Municipalities with populations of 100,000 or less and counties with populations of 400,000 or less may apply for an additional $10 million to put toward a second separate project OR toward part of a larger project in addition to the funding limits listed above. Special projects are where the property causes severe economic injury to the community, leaving a highly visible and blighted property or properties in the central business district of a highly or moderately distressed community which has a depressing effect on the overall economic development potential of the community.
An intent to apply form must be received by ESD by Wednesday, November 30 and applications are due by January 27, 2023. For more detailed information on the program and requirements visit https://esd.ny.gov/restore-new-york.
Empire State Development President, CEO and Commissioner Hope Knight said, "Restore New York gives municipalities the support they need to create real change in their communities, especially downtown centers. Revitalizing and rehabilitating older buildings has a way of unveiling a neighborhood's former charm and future potential, and though Restore New York, localities have a real opportunity to transform their community and generate new economic opportunities."
Read the full press release here.