Find out what’s happening at Empire State Development

Get the latest on New York State’s development plans and projects. Find press releases, meeting notices, and stories about businesses finding success in New York State.

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Board Meeting

Monday, March 21, 2022 - 10:30am
In accordance with current Legislation, this meeting will be conducted via teleconference. 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 4:30 pm on Friday, March 18, 2022. All comments received by the deadline will be provided to the Directors and posted online.
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Press Release

Friday, March 18, 2022 - 5:29pm
$4.3 Million Project will Expand AMLRS Office Space in the Seneca One Tower Governor Kathy Hochul announced that AML RightSource, the world's largest technology-enabled financial crime fighting firm, is expanding in Buffalo and will add an additional 363 employees to support the addition of new services and clients, resulting in a total Buffalo workforce of approximately 540 employees. The company helps domestic and international financial institutions, FinTechs, and other businesses comply with anti-money laundering regulations and to deter incidents of crime. The $4.3 million project will add an expansion of office space to AMLRS's 20,000-square-foot office on the 27th floor of Buffalo's tallest building, the Seneca One Tower. "AML RightSource is another success story for Western New York as it grows and provides hundreds of well-paying new jobs in the iconic Seneca One Tower - a building that was empty just a few years ago," Governor Hochul said. "These are the types of professional and high-tech jobs that will keep our new college graduates in the area, while also attracting other high-quality talent to the region. Through strategic partnerships with companies like AMLRS, New York is continuing to accelerate our post-pandemic economic recovery by attracting businesses from near and far to develop and expand across the state." New York State, through Empire State Development, will provide up to $7.4 million in Excelsior Job Program tax credits in return for AMLRS achieving its job creation commitments. These performance-based incentives will allow the company to expand operations and create 363 new jobs over the course of five years, which is in addition to the 175 jobs already created by the company in Buffalo through their previous Excelsior Job Program. In late February, Governor Hochul announced the creation of a Joint Security Operations Center (JSOC) to serve as the nerve center for joint local, state and federal cyber efforts, including data collection, response efforts and information sharing. JSOC is the nation's first-of-its-kind cyber command center that will provide a statewide view of the cyber-threat landscape and improve coordination on threat intelligence and incident response. Since 2004, AMLRS has been helping financial institutions and FinTechs meet the federal government's required compliance with regulations related to the identification and reporting of suspicious financial activity. The company uses proprietary technology and a global team of highly-trained analysts to track illicit financial activity, which can uncover potential human trafficking, terrorist financing, illegal drug shipments, and other nefarious financial schemes. Read the full press release here
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Press Release

Friday, March 18, 2022 - 5:02pm
Boosts New York State's Aerospace Industries with the Addition of High-Tech Machinery and Extensive Facility Updates Furthers Regional Economic Development Strategy that Prioritizes Modern Manufacturing Governor Kathy Hochul today announced the significant expansion of Moog Inc. in Western New York, creating up to 500 new jobs in the local aerospace industry with the addition of new high-tech manufacturing equipment. Moog, headquartered in East Aurora, is one of the region's largest employers with more than 3,500 employees in Western New York. The $25 million investment by one of the world's leading manufacturers of precision control components and systems further fuels Moog's continued success in New York State. Programs that will be supported by the project include the F-35 Joint Strike Fighter, V-22 Osprey tiltrotor, full flight training simulators, and hardware for satellites and NASA programs. "New York is committed to helping companies like Moog invest in Western New York and expand their state-of-the-art facilities to generate new high-paying jobs in the region," Governor Hochul said. "When it comes to economic development we have one goal: to be the most business- and worker-friendly state in the nation. This latest expansion by Moog creating up to 500 new jobs is evidence of New York's thriving manufacturing sector and is a testament to our successful efforts to rebuild and revitalize our state's economy." Even with the challenges presented by the pandemic, the aerospace systems and components manufacturer continues to grow and invest in facility expansion, renovations, and capital equipment. The $25 million project will include building renovations and the purchase and installation of high-tech machinery, equipment, furniture and fixtures. The project will provide additional manufacturing space with some mixed-use areas for research, development and support staff on its East Aurora campus. Chairman and CEO of Moog Inc. John Scannell said, "With the generous support of New York State, we have been able to accelerate our investments in our major facilities just outside Buffalo, NY. Our investments in buildings and advanced manufacturing equipment are helping to create new jobs in the highly skilled manufacturing sector. These jobs are across multiple end markets including defense, space and the electrification of construction equipment. We are very excited about the long-term opportunities these markets present for our base in East Aurora. Investment in organic growth, with the support of the State of New York, will ensure the continued success of Moog into the decades to come." The 500 new jobs at Moog will include engineering, production line workers, assembly and test, machinists and technicians, manufacturing and support, as well as administration. For job opportunities, visit http://www.moog.com/careers. New York State, through Empire State Development, will provide up to $15 million in Excelsior Jobs Program tax credits in return for Moog achieving its job creation commitments. These performance-based incentives will allow the company, which is projecting approximately $3 billion in sales for 2022, to expand operations and create 500 new jobs over the course of five years. Read the full press release here
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Board Meeting

Friday, March 18, 2022 - 12:00pm
In accordance with current Legislation, this meeting will be conducted by teleconference. 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 4:30 pm on Thursday, March 17, 2022. All comments received by the deadline will be distributed to the Directors prior to the meeting and posted online.
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Press Release

Thursday, March 17, 2022 - 1:13pm
Empire State Development's COVID-19 Pandemic Small Business Recovery Grant Program Provides a Lifeline to Small Businesses Experiencing Economic Hardship Due to the COVID-19 Pandemic  98% of Awards Have Gone to Businesses with Fewer than 10 Employees and 90% to Have Gone to Minority and Women-Owned Businesses Governor Kathy Hochul today announced that nearly 29,000 small and micro businesses throughout New York State have been awarded over $500 million in grant funds through the COVID-19 Pandemic Small Business Recovery Grant Program. The program was created to provide flexible grant assistance to small businesses, micro-businesses and for-profit independent arts and cultural organizations in the State of New York who have experienced economic hardship due to the COVID-19 pandemic.  "Small Businesses are the backbone of our state's economy, and in order to truly recover from the COVID-19 crisis our small businesses need a helping hand," Governor Hochul said. "It is imperative that we continue to move funding out efficiently and quickly so businesses can get back on their feet and get back to business." Governor Hochul is committed to continuing to support small businesses. She has advanced a proposal to provide up to $200 million to support early-stage small businesses to ensure they are successful long term as New York recovers from the effects of COVID-19.  Empire State Development Acting Commissioner and President and CEO-designate Hope Knight said, "ESD's COVID-19 Pandemic Small Business Recovery Grant Program has been a life-line for our small businesses to get steadily back on their feet. We have worked hard to get this funding where it's most needed and I am grateful for Governor Hochul's support and also for all of New York's small business owners who are working every day to rebuild our economy."  Read the full press release here.
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Board Meeting

Thursday, March 17, 2022 - 10:30am
In accordance with the current Legislation, the meeting will be conducted via teleconference. 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 4:30 pm on Wednesday, March 16, 2022. All comments received by the deadline will be distributed to the Directors prior to the meeting and posted online.
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Press Release

Wednesday, March 16, 2022 - 4:29pm
Multi-Agency Effort to Enroll Eligible Low-Income Families a Major Success  Newly Participating New York Families Will Receive Nearly $36 Million in Federal Subsidies Governor Kathy Hochul today announced more than 100,000 additional qualifying families have enrolled in the federal government’s Affordable Connectivity Program since New York launched a multi-agency broadband outreach initiative to spur enrollment. The federal program provides discounts of up to $30 a month toward internet service for eligible low-income families. “The past two years have reminded us how crucial reliable and affordable broadband is, so we can stay connected to family, work, school and healthcare services,” Governor Hochul said. “I am proud of the collaboration of our state agencies and our partnership with the federal government to bring broadband across the state, and am committed to continuing these efforts to connect all New Yorkers.”  As a direct result of a multi-agency, multi-pronged outreach effort led by the New York State Department of Public Service (DPS), the state continues to increase the number of eligible enrollees daily. With over 715,000 households receiving the monthly subsidy as of March 14, 2022, New York leads among the four largest states with nearly 40 percent enrollment. The campaign, which launched in early January, started with less than 30 percent of eligible households enrolled. The eligible families that have just joined will receive approximately $36 million, bringing the total annual subsidies to more than $250 million. Read the full press release.
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Press Release

Wednesday, March 16, 2022 - 4:27pm
Company Will Construct a 45,000 Square-Foot Yogurt and Dairy Desserts Manufacturing Plant at Genesee Valley Agri-Business Park in Batavia; Commits to Creating up to 135 New Jobs NYS Investment Complements “Finger Lakes Forward” – The Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy Photos of La Fermière’s Parcel at AG Park Available here. Governor Kathy Hochul today announced that La Fermière, a family-owned French yogurt and desserts company, will establish its U.S. production operations in New York State. The company has committed to constructing a 45,000 square-foot yogurt and dairy desserts production facility at Genesee Valley Agri-Business Park in Batavia, with plans for future, additional expansion. As a result, La Fermière, expects to create up to 135 New Jobs in the region. Additionally, the company will utilize millions of pounds of milk provided by New York dairy farmers to create its globally renowned dairy products. Agribusiness is a core pillar of the locally designed Finger Lakes Forward plan, a comprehensive plan that is working to revitalize and grow the regional economy. "We’re proud to welcome La Fermière to Genesee County, bringing jobs and opportunity to the Finger Lakes region,” Governor Hochul said. “This investment shows that our bold economic recovery plan for the Finger Lakes is working, attracting new businesses and helping communities across the region grow and thrive." Empire State Development is assisting this project with up to $1.35 million​ in performance-based Excelsior Jobs Tax Credits in exchange for job creation commitments. Genesee County, Greater Rochester Enterprise, and Invest Buffalo Niagara are providing support for the company’s growth in New York State. The total project cost has been placed at $25.8 million dollars. The company expects to be operational at the site by November of 2023. Located in the Town of Batavia, Genesee County, the Genesee Valley Agri-Business Park was developed as the largest food and beverage greenfield in the northeastern U.S. to connect the region’s agricultural production, talent and transportation networks. The 250-acre Ag Park and surrounding area has become the Dairy Processing Hub of the Northeast, with more than 1 million square-feet of operations and approximately 1,000 workers employed across multiple production and supply chain companies. Founded in Marseille, France in 1952, the company was purchased by Groupe Tarpinian in 2002. In the mid to late 2010’s, La Fermière began working with a New York state based co-packer in an effort to bring its sustainably packaged French yogurt to the U.S. market. The company had considered site locations throughout the country for its state-of-the-art manufacturing facility but selected New York, thanks to the focused support from both the State and its regional economic development partners.  Read the full press release here.
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Public Notice

Tuesday, March 15, 2022 - 2:00pm
View all grants to be presented at the batch virtual public hearing
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Board Meeting

Tuesday, March 15, 2022 - 10:30am
In accordance with recently passed Legislation, this meeting will be conducted via teleconference. The public may listen to the meeting via webcast (audio) by clicking the link below on (or after) March 15, 2022 at 10:30 am. Members of the public may submit comments on the Agenda items in writing by 4:00 pm on Monday, March 14, 2022 to: [email protected]​  All comments received by the deadline will be distributed to the Directors prior to the meeting and posted online. The Agenda and the material will be posted in advance of the meeting on LMDC’s website www.renewnyc.com.
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