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.

All
News
Filter Options
Close
3226

items

Press Release

Friday, July 16, 2021 - 2:26pm
Grants Encourage Collaboration Between Business Schools and Graduate Life Science Programs to Develop Industry Talent Pipeline Advances Growing Investment in New York’s Life Science Ecosystem, which Tripled in 2020 Empire State Development (ESD) today announced recipients of grants that address the growing need for entrepreneurial talent in New York’s life science ecosystem, especially given the state’s growing attractiveness to private investors as a hub for emerging life science companies. These entrepreneur development grants, first announced by Governor Cuomo in 2019, will help close the talent gap that had previously limited life science commercialization in the state and will develop entrepreneurs with the mix of skills and expertise needed to successfully guide innovative life science startups along the path to commercial viability. Life Science venture investment in New York in FY2020 reached $.73 for every dollar of National Institutes of Health (NIH) funding received by New York’s life science research institutions, a major jump from $.13 for every NIH dollar in 2016. With an increase in life science investment of this magnitude, the need for entrepreneurial talent is more critical than ever. Empire State Development Acting Commissioner and President & CEO-designate Eric Gertler said, “Empire State Development is strongly committed to building a robust life science industry in New York State. By developing the specialized entrepreneurial talent needed by life science companies right here in New York, we will be better equipped to advance the discovery research conducted at our world-class academic centers and retain that research in New York as it moves closer to commercialization.” Five graduate schools of business working in collaboration with graduate programs in the life sciences have been awarded grants of up to $500,000 each to implement a new MBA concentration or certificate in life science entrepreneurship. Collaborations between the business school and life science graduate program are critical to equipping students with the skills needed to become leaders in New York’s growing life science ecosystem. The grant recipients represent six different regions of the state: Cornell University & SC Johnson College of Business (Southern Tier, New York City): The SC Johnson College of Business will partner with the Weill Cornell Graduate School of Medical Sciences, the College of Veterinary Medicine, the College of Engineering, and other graduate programs in life science areas to create a 12-credit Certificate in Life Science Entrepreneurship called the BioEntrepreneurship Fellows Program. Rensselaer Polytechnic Institute & Lally School of Management (Capital):  The Lally School of Management will partner with the School of Science, the School of Engineering, and the Icahn School of Medicine at Mount Sinai to create a 21-credit MBA Concentration in Life Science Entrepreneurship, along with a shorter, 12-credit Certificate Program available to students at both RPI and Mt. Sinai. Rochester Institute of Technology, Saunders College of Business (Finger Lakes):  The Saunders College of Business will partner with the Kate Gleason College of Engineering, the College of Science, and the Golisano College of Computing and Information Sciences to create an online Executive MBA Concentration in Life Science Entrepreneurship with three tracks for students to choose from: Biomedical Engineering, Bioinformatics, and a customizable option. Stony Brook University, College of Business (Long Island):  The College of Business will partner with the Center for Biotechnology and Department of Biomedical Engineering to create a 16-credit Life Sciences Innovations and Entrepreneurship Advanced Graduate Certificate for all life science graduate students within the university and region. University at Buffalo, School of Management (Western New York):  The School of Management will partner with the Jacobs School of Medicine and Biomedical Sciences, the School of Engineering and Applied Sciences, and the Roswell Park Comprehensive Cancer Center to create a 12-credit MBA Concentration and Advanced Graduate Certificate in Life Sciences Entrepreneurship. Cornell University SC Johnson College of Business Dean Andrew Karolyi said, “We are very grateful for this exciting opportunity to partner with New York’s Empire State Development in creating this certificate in life science entrepreneurship. This program has the potential to create new and innovative opportunities for our students who aspire to build a better world in life science commercialization. The program will bring together talent from across Cornell University and leverage the vast expertise found in our graduate programs, including MBA and Ph.D. programs. It’s a truly collaborative initiative which can ultimately leverage business innovation and entrepreneurship and lead to transformative change.” Rensselaer Polytechnic Institute Provost Prabhat Hajela, Ph.D. said, “This forward-looking grant from New York State will enable the Lally School of Management at Rensselaer Polytechnic Institute to leverage its particular strengths in order to address a pressing need in our society. Not only does Lally have an established legacy of developing successful entrepreneurs, it is also uniquely situated within the country’s first technological research university. Rensselaer is committed to advancing research in biotechnology and the life sciences through multi-disciplinary collaborations, both within the Institute and with our partners at the Icahn School of Medicine at Mount Sinai.” Rochester Institute of Technology Saunders College of Business Dean and Professor Jacqueline R. Mozrall said, “RIT and Saunders College of Business are excited for this opportunity, supported by Empire State Development's Entrepreneur Development Grant, to develop and deliver a customized program that will serve to bridge our nationally ranked Online Executive MBA with the rich portfolio of life sciences, engineering and computing expertise found at RIT. This initiative will position entrepreneurs to drive commercial applications and job creation in the life sciences.”  Stony Brook University College of Business Dean and Distinguished Professor Manuel London, Ph.D. said, “Stony Brook is very excited to be developing this curriculum for graduate students in the biomedical sciences here on Long Island, and expect that it will fuel both technology development and company formation here in the region.  As a collaboration between the College of Business and the Center for Biotechnology, we are confident that an interdisciplinary program like this, enabled by Empire State Development Life Sciences, will help our outstanding graduate students of today become the innovators and entrepreneurs of tomorrow.” University at Buffalo School of Management Dean and Professor Paul Tesluk, Ph.D. said, “We are excited to build through collaborations with multiple schools at UB, Roswell Park Cancer Center, and regional life sciences companies a highly innovative academic and experiential learning program focused on developing the entrepreneurial, managerial and executive talent needed to deliver innovative and impactful technology-driven life science solutions in NYS.” The Life Science Entrepreneur Development Grant Program was created to promote a culture of entrepreneurship within life science-focused academia, as well as to encourage academic scientists to direct their research toward commercial applications. This grant program included two stages. Stage 1 provided grants of up to $50,000 each to develop a detailed plan for a life science entrepreneurship graduate program.  A total of 18 academic institutions submitted applications, of which seven were chosen to receive a planning grant. Of these seven schools, five were selected to receive Stage 2 implementation grants of up to $500,000 each. These institutions are expected to launch their programs within 12 to 18 months. New York State's $620 Million Life Science Initiative New York State enacted a $620 million initiative to spur the growth of a world-class life sciences research cluster in New York, as well as expand the state's ability to commercialize this research and grow the economy. This multi-faceted initiative, leveraging private sector investment, includes tax credits, capital grants, and operational support. The initiative includes the $40 million New York State Biodefense Commercialization Fund, created in response to the COVID-19 pandemic to capitalize on New York’s research and development assets in infectious diseases and expertise in life sciences, biotechnology, and biodefense. The life sciences sector encompasses the fields of biotechnology, pharmaceuticals, biomedical technologies, life systems technologies, and includes organizations and institutions that devote the majority of their efforts to the various stages of research, development, technology transfer and commercialization. Every day, firms in this sector are developing new medical and pharmaceutical breakthroughs that have the potential to save lives, whether through new therapies or the early detection of diseases like cancer and neurological diseases. These firms are also making significant advancements in the realms of agriculture and environmental biotechnologies, helping create a cleaner and more sustainable future. By strengthening incentives, investing in the facilities, and improving access to talent and expertise, New York will significantly increase its share of industry-funded research and development, support the commercialization of existing academic research, and usher in the next generation of advanced technologies. Beyond the advancements in science, this initiative will position New York as a magnet for emerging manufacturing-based enterprises, bolstering regional economies and creating thousands of jobs. Contact: ESD Press Office | [email protected] | (800) 260-7313
learn more
Press Release

Friday, July 16, 2021 - 1:32pm
University at Buffalo's Buffalo Institute for Genomics and Data Analytics Surpasses Job Creation Commitments, Accelerating Life Sciences Growth in Western New York Governor Andrew M. Cuomo today announced Buffalo Institute for Genomics and Data Analytics is helping to grow Buffalo Niagara as a bioinformatics and life sciences hub by creating 530 jobs at high-tech companies, far surpassing its commitment to create 250 jobs by February 2022  BIG was launched in 2014 with a $47.5M Buffalo Billion grant award to the University at Buffalo to support the application of advanced analytics, provide access to genomic expertise, and health data and informatics to improve health care outcomes in collaboration with local companies. Through BIG, its partners gain access to biomedical, genomics and big data expertise and equipment to advance life science products and improve health outcomes. "Despite the extreme challenges of the pandemic, Buffalo Institute for Genomics and Data Analytics is making significant contributions to change the economic landscape of Western New York," Governor Cuomo said. "Strategic investments like this are creating new opportunities and jobs, moving our economy forward and positioning Buffalo as a leader in the growing life sciences industry."  "As a Buffalo native who witnessed the decline in industry and jobs in the region, I know the important economic impact that over 500 new jobs will have on Western New York's comeback," Lieutenant Governor Kathy Hochul said. "New York State's investment in Buffalo Institute for Genomics and Data Analytics is bringing high-tech, good, sustainable jobs to Western New York, and turning Buffalo into a life sciences hub that will continue to provide much-needed COVID testing and resources."  BIG helps big data and life sciences companies reach growth milestones at an accelerated rate by connecting them to biomedical, genomic and big data expertise that will help advance new molecular diagnostic tests, companion diagnostics, therapeutic agents and precision medicine techniques to tailor treatment options and improve health outcomes. These companies are also eligible to receive support and services, including specialized equipment and laboratories, sophisticated software, student interns and a pipeline into recent graduates. Empire State Development Acting Commissioner and President & CEO-designate Eric Gertler said, "Under Governor Cuomo's leadership, New York State is investing in cutting-edge manufacturing and life science industry advancements, including those helping us to gain ground in the battle against COVID-19. BIG is providing essential resources to the developers of diagnostic tests aimed at improving patient care—with promising prospects for company partnerships that will add new jobs and quickly bring even more life-saving innovations to market." Read the full press release here.
learn more
Press Release

Thursday, July 15, 2021 - 3:21pm
New York's Largest Biotech Company to Grow in the Mid-Hudson Region, Bringing an Additional 1,000 Jobs over Five Years Governor Andrew M. Cuomo today announced that Regeneron, a leading biotechnology company that invents and manufactures life-transforming medicines for people with serious diseases, intends to invest approximately $1.8 billion over six years to expand its research, preclinical manufacturing and support facilities at the company's Westchester County campus in Tarrytown and create 1,000 new full-time, high-skill jobs in the Mid-Hudson Region over the next five years. To encourage Regeneron's continued expansion in New York State, Empire State Development offered the company up to $100 million in Excelsior Jobs Program tax credits if its hiring goals are achieved. Regeneron considered several potential sites in the tri-state area before deciding to expand in the Mid-Hudson region.   "New York is proud to be at the forefront of the life sciences industry and the home of global biotech leaders like Regeneron," Governor Cuomo said. "The continued growth of Regeneron here in New York is yet another indication that we are leading the way in the life sciences and attracting the jobs of tomorrow. Not only will this expansion further drive economic growth in the Mid-Hudson Region, but fuel lifesaving innovation and development that benefits the entire world."   Regeneron President and Chief Executive Officer Leonard S. Schleifer, M.D., Ph.D., said, "The COVID-19 pandemic has highlighted the importance of continued and long-term investment in the biopharmaceutical industry, and Regeneron is proud to pursue life-changing science and technology from our labs and manufacturing facilities in New York State. In 2020 and 2021, the Regeneron team has worked tirelessly, bringing forward new treatments for people with COVID-19, Ebola, multiple forms of cancer and pediatric atopic dermatitis. As we expand our team and site, we look forward to bringing even more medical breakthroughs to patients in need." Assuming approvals from local authorities, Regeneron intends to substantially expand its research and development capabilities in Tarrytown, which will include the addition of new preclinical manufacturing and process development suites, laboratories and office space. This project will encompass the design and construction and fit out of up to eight buildings, three parking garages and a central utility plant totaling approximately 900,000 square feet. Road infrastructure improvements will be necessary to support additional buildings at their existing Headquarters and R&D campus. The project is planned to take place in 2 phases over 6 years.  The direct and indirect fiscal benefit to state and local government is estimated to be more than $283.3 million and the estimated economic benefit to New York is nearly $2 billion. Construction planning will begin this summer and project construction will be completed in 2027.  Regeneron was a key factor in the fight against COVID-19. Their rapid development and deployment of a pioneering antibody treatment was shown to significantly reduce COVID-19 hospitalization and mortality, and undoubtedly saved countless lives in New York and throughout the United States. Regeneron was founded in 1988 in New York City by Dr. Leonard Schleifer; the following year, Empire State Development, under the leadership of then-Governor Mario Cuomo, invested $250,000 into the company. Today, Regeneron is the largest biotech company in New York State and one of the largest in the world. The company is consistently ranked as the best biopharmaceutical employer by Science magazine and is included among the Civic 50 most community-minded companies in the nation.  Empire State Development Acting Commissioner and President and CEO-Designate Eric Gertler said, "Regeneron's expansion in Westchester County will be a game changer for the regional economy and will cement New York State as a world leader in the life sciences industry. The Mid-Hudson region is on the move, and Regeneron is just one of the many local economic engines that prove Governor Cuomo's regionally based economic strategy is working and New York is back and open for business — helping create a diverse, vigorous and more prosperous economy for generations to come."  Read the full press release here.
learn more
Press Release

Thursday, July 15, 2021 - 2:07pm
Smart Growth Community Fund Provides $2.5 Million for the Transformative Project in the Village's Central Business District Restoration of the Historic Streetscape Includes Pedestrian Amenities, Landscaping and Other Improvements to Make the Area Walkable See Photos of the West Main Street Extension Governor Andrew M. Cuomo today announced the completion of the $3.5 million West Main Street extension, a transformative streetscape project in historic downtown Lancaster that received $2.5 million from the Smart Growth Community Fund. The project created a pedestrian-friendly extension of West Main Street and is part an effort to restore a swath of the village's Central Business District that was devastated by fire more than 60 years ago. "A key part of building New York back better than it was before is investing in our downtown communities and business districts," Governor Cuomo said. "New York State's significant investment into Lancaster's downtown will help transform the heart of this historic village into a modernized, vibrant destination that will bolster the local community and attract new visitors to Western New York for generations to come." "A healthy downtown is vital to transforming communities into great destinations to work, play and raise a family," said Lieutenant Governor Kathy Hochul. "The West Main Street Extension is reshaping the village of Lancaster's downtown for the better and will help generate economic activity by increasing pedestrian access and opening up new opportunities for development. This is another example of Western New York's comeback story building the infrastructure for a better, stronger and smarter tomorrow."  Read the full press release here. 
learn more
Board Meeting

Thursday, July 15, 2021 - 1:00pm
The meeting is open to the public. Web casting of the meeting is available at the link below. Members of the press should please call (800) 260-7313; Members of the public should please call (212) 803-3772. 
learn more
Board Meeting

Thursday, July 15, 2021 - 9:30am
The meeting is open to the public. Web casting of the meeting is available at the link below. Due to building procedures, those attending should please RSVP by 4:30 p.m. on Wednesday, July 14, 2021. Members of the press should please call (800) 260-7313; Members of the public should please call (212) 803-3772. 
learn more
Press Release

Wednesday, July 14, 2021 - 2:25pm
Leading Flexible Packaging Manufacturer Constructed 25,000-Square-Foot Addition to Existing Facility in the Town of Ogden; Will Hire up to 40 New Employees Investment Complements "Finger Lakes Forward" - The Region's Comprehensive Strategy to Revitalize Communities and Grow the Economy Empire State Development (ESD) today announced that leading flexible packaging manufacturer ProAmpac has officially opened its state-of-the-art Collaboration & Innovation center in the Town of Ogden, Monroe County. The company constructed a 25,000 square-foot addition onto its existing facility on Manitou Road. The innovation center will focus on packaging development and design and will also host regional and global consumer packaged goods companies as well as vendors for events and training. ProAmpac had considered building the innovation center out of state but chose to expand at its current location thanks to the support from New York State. With this expansion, the company has committed to hiring up to 40 new employees. “ProAmpac’s new Collaboration & Innovation Center will create up to 40 new good jobs and spur innovation in Monroe County,” said Lieutenant Governor Kathy Hochul. “New York State is proud to attract and support companies like ProAmpac that are manufacturing important products right here in Rochester as we build back stronger and more sustainable than ever.” Empire State Development Acting Commissioner and President & CEO-designate Eric Gertler said, "ProAmpac's Collaboration & Innovation Center demonstrates the company’s ongoing commitment to Monroe County by boosting the local manufacturing sector and providing top-quality jobs. Forward-thinking projects like this one, creating a hub in the region for global packaging design, will help to ensure a more sustainable future for New York.” Empire State Development is assisting ProAmpac's innovative project with a $ 350,000 capital grant and up to $1 million through the Excelsior Jobs Program in exchange for job creation commitments. NYPA, which is already providing 140 kilowatts of low-cost power through the ReCharge NY program to the firm to retain its existing jobs, is supporting the expansion project with an additional 40-kilowatt RNY power allocation. Monroe County and Greater Rochester Enterprise are also assisting the company. Total project cost was placed at $8 million. Gil C. Quiniones, NYPA president and CEO, said, "Congratulations to ProAmpac on the opening of its new center—the completed expansion project allows the firm to hire 40 new employees, which is great news for the Finger Lakes region. Governor Cuomo's ReCharge NY program has been a tremendous benefit to enterprises across New York, providing low-cost power to businesses in need while supporting hundreds of thousands of jobs throughout the state." ProAmpac is a leading manufacturer of flexible packaging with nearly 50 locations throughout the U.S., Canada and Europe. The global flexible packaging company brings brand owners and packaging experts together to accelerate advanced technology and increase speed-to-market, package customization and consumer differentiation. The company manufactures innovative and sustainable packing for customers in the food and beverage, health and beauty, lawn and garden, pet, retail and secure packaging industries. ProAmpac CEO Greg Tucker said, “We are very proud to open the doors of our new Collaboration & Innovation Center to welcome in customers and colleagues to see first-hand the innovation our company is bringing to the flexible packaging industry. With the help of New York State, the Greater Rochester Enterprise, local officials and the many employees that worked tirelessly to bring the planning and construction of this facility to life, we are very thankful. I am confident our new facility will expand ProAmpac’s contributions to the growing global flexible packaging industry.” Monroe County Executive Adam Bello said, “ProAmpac’s state-of-the-art Collaboration & Innovation Center in Ogden will allow the company to tap into Monroe County’s highly skilled workforce, innovative thinking and leadership in printing and advanced manufacturing. The advantages of our region continually prove to be a remarkable asset for established companies and up-and-coming enterprises. I thank ProAmpac for their continued commitment to Monroe County, and thank Gov. Cuomo for his continued forward-thinking investments in key industries that will help strengthen our regional economy and provide new opportunities for our residents.   Greater Rochester Enterprise President & CEO Matt Hurlbut said, “ProAmpac’s Collaboration and Innovation Center opening in the Greater Rochester, NY region is a testament to the extensive packaging expertise, talent, and world-class R&D resources available here. Rochester, NY’s long history of innovation in this sector will support ProAmpac’s goal to develop and prototype new packaging solutions for its clients.” For additional information regarding ProAmpac, 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 $8.07 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. 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 | [email protected] | (585) 399-7055 Press Office | [email protected] | (800) 260-7313
learn more
Board Meeting

Monday, July 12, 2021 - 10:00am
With Video Conferencing to: Empire State Development Buffalo Regional Office - 95 Perry Street Buffalo, New York 14203 This meeting is open to the public. Webcasting of the meeting is available at the link below. Due to building procedures, those attending should please RSVP by 4:30 p.m. on Friday, July 9, 2021. Members of the press should please call (800) 260-7313; Members of the public should please call (212) 803-3772.
learn more
Press Release

Friday, July 9, 2021 - 12:14pm
$400 Million Development will Transform 7.2 Underutilized Acres in Central Brooklyn into a Thriving, Environmentally Sustainable Development with Community Amenities and Nearly 900 Affordable Apartments  Project Renderings Available Here  Governor Andrew M. Cuomo today announced the selection of the winning proposal to redevelop 7.2 acres of the Kingsboro Psychiatric Center campus in East Flatbush, Brooklyn. The development will include 900 affordable homes, ample public green space, a full-sized basketball court, areas for urban farming, a greenhouse, and dedicated space for community empowerment programs.  The $1.4 billion Vital Brooklyn initiative targets and invests in eight integrated areas, including health care and housing, establishing a new standard for addressing chronic economic and racial disparities in Brooklyn's high-need communities.  "The COVID-19 pandemic further exposed the inequalities among the state's at-risk and in-need communities, including a fundamental need for safe and affordable housing," Governor Cuomo said. "Through the Vital Brooklyn initiative, we are better addressing these needs by transforming underutilized land on the Kingsboro Psychiatric Center campus into a community-oriented development that provides housing and programming to better serve those in-need, building New York back better, fairer and stronger for all."  The more than $400 million project includes approximately 900 units of affordable and supportive housing, and senior housing; opportunities for homeownership; and two state-of-the-art homeless shelters, replacing the existing, aging shelters originally built in the 1930s. The development will create 3,700 constructions jobs and more than 200 permanent jobs for area residents. The project proposal achieves 30% towards the New York State's nation leading certified MWBE goals.        Amenities include free high-speed Wi-Fi, exercise rooms, a 10,000-square-foot grocery store, a 7,000-square-foot community hub with computers and classroom space for after-school programs and workforce development training, performance space and community empowerment programs.  Empire State Development Acting Commissioner, and President & CEO-designate Eric Gertler said, "Governor Cuomo's commitment to bold and comprehensive community-based economic development strategies like the Vital Brooklyn initiative has provided a strong foundation for New York's recovery from the global pandemic. The $400 million partnership created to develop housing, open spaces, community facilities and programs on the seven-acre Kingsboro site will deliver thousands of construction jobs and hundreds of permanent employment positions, while also ensuring local and long-term economic progress for neighborhood residents and businesses in the heart of Brooklyn." Read the full press release here. 
learn more
Press Release

Friday, July 9, 2021 - 11:19am
First New Major Theme Park in Northeast in More Than Four Decades      Highlights Revival of New York's Tourism Industry, Encouraging New Yorkers to Safely Explore Great Destinations Across State  Governor Andrew M. Cuomo today announced the opening of the final land to open at LEGOLAND® New York Resort in Goshen, Orange County - the first new major theme park in the Northeast in more than four decades. Developed by Merlin Entertainments, the 150-acre project is the first LEGOLAND® theme park in the Northeast, the third in the United States and the ninth in the world. It features seven LEGO® themed lands, each with its own rides and attractions, and strong educational elements for children ages two to 12 and their families. "The pandemic took a devastating toll on New York, and as we make our comeback, the new LEGOLAND®New York Resort in Orange County is a testament to the resilience and ingenuity that this state has always been known for," Governor Cuomo said. "This magnificent destination for people of all ages will help spur the Mid-Hudson region's economic recovery, jumpstart the state's critical tourism industry, and provide a world-class, family-friendly experience for travelers from all over the world."   The theme park is the first to feature the world-premiere LEGO® Factory Adventure Ride, which transforms guests into Minifigures and gives them a whimsical "brick's eye view" of how LEGO® is made. The ride also incorporates a specialized ADA vehicle capable of carrying a guest who uses a wheelchair. It is one of several amenities that allows LEGOLAND® New York to be enjoyed by visitors of all abilities, including a "Sensory Room" where children and families can combat sensory overload.  A 250-room LEGOLAND® Hotel is now taking bookings starting August 6. Built for kids, each of the Hotel's fully LEGO® themed rooms will feature a separate children's sleeping area, with daily children's entertainment and scavenger hunts for LEGO® prizes. Located just steps away from the theme park, the Hotel will also feature a heated resort-style swimming pool.  Read the full press release here. 
learn more