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
2795

items

Public Notice

Tuesday, April 14, 2020 - 5:30pm
learn more
Public Notice

Tuesday, April 14, 2020 - 5:30pm
learn more
Public Notice

Tuesday, April 14, 2020 - 5:30pm
learn more
Public Notice

Tuesday, April 14, 2020 - 5:30pm
learn more
Press Release

Monday, April 13, 2020 - 10:42am
Reich Succeeds SolEpoxy CEO Jeff Belt The Western New York Regional Economic Development Council (WNYREDC) today announced that Eric Reich, Co-Founder and CEO of Campus Labs, has been appointed co-chair of the council. Reich succeeds Jeff Belt, CEO of SolEpoxy, who has served as co-chair since 2015, and joins recently-announced Co-Chair Dr. Katherine Conway-Turner in leading the WNYREDC. “Local leaders have been an essential part of our Regional Economic Development Council efforts to fundamentally transform New York,” said Lieutenant Governor Kathy Hochul, Chair of the statewide Regional Economic Development Councils. “I am pleased to welcome Eric Reich as the new co-chair of the Western New York REDC. As we continue with the REDC initiative, I look forward to working together to build an even brighter future for Buffalo and the entire region.” “I am honored to be named a WNYREDC Co-Chair and to work with my fellow council members to direct strategic public investments where they are most needed,” said WNYREDC Co-Chair and Campus Labs Co-Founder and President Eric Reich.  “This council has set the trajectory toward consistent growth in our region by encouraging new investments and job creation across the five counties and we intend to continue the region’s steady growth.” Reich co-founded Campus Labs in 2001 with Michael Weisman, a childhood friend and classmate at the University at Buffalo.  From its early, modest beginnings, with a handful of employees and printers, it has become a leading higher education enterprise platform with more than 200 employees. As CEO, Reich manages the operations and strategic direction of Campus Labs, evaluating alliances and acquisitions to further enhance the company’s capabilities and to grow its roster of over 1,500 member campuses.  Reich earned both his Juris Doctor and Master of Business Administration from the State University of New York at Buffalo.  Reich has taught a course on entrepreneurship for UB’s Undergraduate Academies. He serves as Chairman of 43North, is a member of the Investment Committee for Z80 Labs, and serves on the board of directors for TechBuffalo and Ted’s Hot Dogs. The Western New York region’s 2011 strategic plan, “A Strategy for Prosperity,” leverages the region’s strategic advantages in key industry sectors, including advanced manufacturing, agriculture, binational logistics, energy, health and life sciences, higher education, professional services and tourism. The plan focuses on economic enablers that promote smart growth, prepare the workforce and foster a culture of entrepreneurship. The Western New York region has been awarded $620.5 million cumulatively through nine rounds of the Regional Council initiative, in state support for 890 projects across the region. The WNYREDC is composed of Allegany, Cattaraugus, Chautauqua, Erie and Niagara counties. To learn more about the WNYREDC, visit https://regionalcouncils.ny.gov/western-new-york. About the Regional Economic Development Councils The Regional Economic Development Council (REDC) initiative is a key component of Governor Cuomo's approach to State investment and economic development. In 2011, Governor Cuomo established 10 Regional Councils to develop long-term strategic plans for economic growth for their regions. The Councils are public-private partnerships made up of local experts and stakeholders from business, academia, local government, and non-governmental organizations. The Regional Councils have redefined the way New York invests in jobs and economic growth by putting in place a community-based, bottom up approach and establishing a competitive process for State resources. After nine rounds of the REDC process, more than $6.9 billion has been awarded to more than 8,300 job creation and community development projects consistent with each region's strategic plans, projecting to create and retain more than 240,000 jobs. For more information on the Regional Councils, visit www.regionalcouncils.ny.gov.   Contact: Pamm Lent (Governor’s Office) | [email protected] | (716) 846-8309 Laura Magee (ESD) | [email protected] | (716) 374-4246 | (800) 260-7313
learn more
Press Release

Monday, April 13, 2020 - 10:35am
Dr. Battles Succeeds Former Monroe Community College President Dr. Anne Kress as the Council's Academic Representative The Finger Lakes Regional Economic Development Council (FLREDC) today announced that Dr. Denise Battles, President of SUNY Geneseo, has been appointed as Co-Chair of the Council, effective immediately. Dr. Battles succeeds former Monroe Community College President Dr. Anne Kress who served as the Co-Chair from April of 2016–December 2019. Dr. Battles joins Co-Chair Bob Duffy, President and CEO of the Greater Rochester Chamber of Commerce as the FLREDC continues working to grow the economy in the nine county Finger Lakes region which includes Genesee, Livingston, Monroe, Ontario, Orleans, Seneca, Wayne, Wyoming and Yates counties. “The statewide Regional Economic Development Councils have brought together local stakeholders in academia, business, education, and non-profits to spearhead economic development projects in their communities,” said Lieutenant Governor Kathy Hochul, Chair of the statewide Regional Economic Development Councils. “The Finger Lakes REDC has worked to transform the region with new and expanded businesses, increased tourism opportunities, and good paying jobs. I congratulate Dr. Denise Battles, President of SUNY Geneseo, as the new co-chair of the Finger Lakes REDC, and thank Dr. Anne Kress for her leadership and efforts during her time as co-chair. Dr. Battles’ experience and knowledge will help to accelerate the Finger Lakes Forward development strategy and continue the momentum of growth now and in the future.” FLREDC Co-Chair and Greater Rochester Chamber of Commerce President and CEO Bob Duffy said, "Anne Kress’ leadership on the regional council was simply transformative for the Finger Lakes region. I am incredibly grateful for her tireless commitment to the council. Her innovative ideas truly served to move the Finger Lakes region forward. I can think of no one better to take over for Anne than Denise Battles, who will bring a new set of ideas to the table that will no doubt further our focused mission. I am incredibly excited and look forward to working with her on behalf of our region." FLREDC Co-Chair and SUNY Geneseo President Dr. Denise Battles said, “I am deeply honored to have this opportunity to serve and advance the economic development and vitality of the Finger Lakes region. It is humbling to follow Anne Kress’ exemplary record of leadership and join Bob Duffy in the role of Co-Chair. I look forward to partnering with Bob, whose contributions to our state are unparalleled, as well as other FLREDC team members, to grow the capacity of our region and beyond.” Dr. Denise Battles began her tenure as Geneseo’s 13th president on July 1, 2015. She is the second woman to lead the college as permanent president since the college’s founding in 1871. Her appointment at Geneseo caps a 25-year career as a geologist, professor and higher education administrator. An Oswego County native, Dr. Battles is a Colgate University alumna. Prior to her arrival at Geneseo, she was the Provost and Vice Chancellor for Academic Affairs at the University of North Carolina at Wilmington. Previously, Battles served as Dean of the College of Natural and Health Sciences and Professor of Geology at the University of Northern Colorado. In addition to her faculty and administrative appointments, Dr. Battles has also held leadership roles in multiple higher education associations among other honors. Other members recently appointed to the council include: Grant Malone, Rochester Building & Construction Trades President Steve Mowers, Claims Recovery Financial Services Lisa Burns, Finger Lakes Regional Tourism Council President Ex-Officio changes to the Regional Council include: Adam Bello, Monroe County Executive Kenneth Miller, Wayne County Board of Supervisors Chairman Robert Hayssen, Seneca County Board of Supervisors Chairman Rochelle Stein, Genesee County Board of Supervisors Chair Jerry Davis, Wyoming County Board of Supervisors Chairman Monroe County Executive Adam Bello said, “In these unprecedented times it is more important than ever that the community continues to work together to support the council’s transformative efforts to move the regional economy forward. I am proud to have the opportunity to serve on the council as it continues that important mission.” The REDC process has transformed New York State government's approach to economic development, creating a statewide framework for bottom-up, regional economic growth and streamlining the state funding application process. Established in 2011 as a centerpiece of the governor's strategy to jumpstart the economy and create jobs, the Regional Councils replaced the state's old top-down approach with one that is community-based and performance-driven. Through nine rounds of the REDC competition, the Finger Lakes REDC has delivered $721 million for 950 projects. To learn more about the Finger Lakes Regional Economic Development Council, 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. Today, unemployment is down to the lowest levels since before the Great Recession; personal and corporate income taxes are down; and businesses are choosing places like Rochester, Batavia and Canandaigua as a destination to grow and invest in. 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. ​ About the Regional Economic Development Councils The Regional Economic Development Council (REDC) initiative is a key component of Governor Cuomo's approach to State investment and economic development. In 2011, Governor Cuomo established 10 Regional Councils to develop long-term strategic plans for economic growth for their regions. The Councils are public-private partnerships made up of local experts and stakeholders from business, academia, local government, and non-governmental organizations. The Regional Councils have redefined the way New York invests in jobs and economic growth by putting in place a community-based, bottom up approach and establishing a competitive process for State resources. After seven rounds of the REDC process, more than $5.4 billion has been awarded to more than 6,300 job creation and community development projects consistent with each region’s strategic plans, projecting to create and retain more than 220,000 jobs. For more information on the Regional Councils, visit www.regionalcouncils.ny.gov.   Contact: Shari Voorhees-Vincent | [email protected] | (585) 399-7055 ESD Press Office | [email protected] | (800) 260-7313
learn more
Press Release

Monday, April 13, 2020 - 10:32am
Dr. Drumm Succeeds Binghamton University President Harvey Stenger as the Council's Academic Representative The Southern Tier Regional Economic Development Council (STREDC) today announced that Dr. Kevin Drumm, President of SUNY Broome Community College, has been appointed as Co-Chair of the Council, effective immediately. Dr. Drumm succeeds Binghamton University President Harvey Stenger who has served as the Co-Chair of the council since 2013. Dr. Drumm joins Judy McKinney Cherry, Executive Director, Schuyler County Partnership for Economic Development (SCOPED) on the council as the STREDC continues working to grow the economy in the eight county Southern Tier region which includes: Broome, Tioga, Chenango, Delaware, Chemung, Schuyler, Steuben, Tompkins counties. “The statewide Regional Economic Development Councils have brought together local stakeholders in academia, business, education, and non-profits to spearhead economic development projects in their communities,” said Lieutenant Governor Kathy Hochul, Chair of the statewide Regional Economic Development Councils. “The Southern Tier REDC has invested in clean energy, manufacturing, and infrastructure projects to strengthen the economy of the region and create new job opportunities. I congratulate Dr. Kevin Drumm, President of SUNY Broome Community College, as the new co-chair of the Southern Tier REDC, and thank longtime co-chair Binghamton University President Harvey Stenger for his tireless efforts. Dr. Drumm’s experience and knowledge will help to advance the Southern Tier Soaring development strategy and continue the momentum of growth now and in the future.” STREDC Co-Chair, Judy McKinney Cherry, Executive Director, Schuyler County Partnership for Economic Development (SCOPED) said, "Harvey Stenger’s leadership and dedication to the regional council has simply been transformative for the Southern Tier region. I am incredibly grateful for his tireless commitment to the council. Our success as a council has been grounded in his belief that the collaborations at and beyond our table are key to driving real, lasting economic opportunity in region and thanks to his innovative ideas the Southern Tier region is indeed soaring. I can think of no one better to take over for Harvey than Kevin Drumm, who will bring a new set of ideas to the table that will help us to further our focused mission for the region.” STREDC Co-Chair and Broome Community College President Kevin Drumm said, “I am honored to assume this role on behalf of the Southern Tier. I would like to thank the Governor for this exciting opportunity and also to thank my colleague, President Stenger, for his several years of leadership in the role.” Binghamton University President Harvey Stenger said, “Serving as co-chair of the Southern Tier Regional Economic Development Council (REDC) has been a great honor. I’ve enjoyed working with so many individuals committed to improving the economic vitality of the region and am immensely proud of the many successes we’ve achieved. This program can be a model for other states and has fundamentally enhanced the quality of life in the Southern Tier and throughout New York. Kevin Drumm has been intimately involved with much of the work of the Council and his leadership will place the Council in good hands.” Dr. Drumm became the seventh president of SUNY Broome Community College in February 2010.  During his tenure, he has overseen a dramatic transformation of SUNY Broome’s campus including the construction of the $21 million Natural Science Center and the transformation of the downtown Binghamton’s historic Carnegie Library into the SUNY Broome Culinary and Event Center, training students for future careers in the hospitality industry. Before coming to SUNY Broome, he served as president of the Northern Wyoming Community College District from 2004-2010. Prior to becoming president of NWCCD, Dr. Drumm was Vice President for Enrollment/Student & Public Affairs at Springfield Technical Community College in Springfield, Massachusetts. Dr. Drumm’s career also includes working in a variety of student services and academic affairs positions at community colleges, universities and private colleges, ranging from Student Life Director and Assistant Academic Dean to Vice President for Student Affairs at a New Hampshire community college. The REDC process has transformed New York State government's approach to economic development, creating a statewide framework for bottom-up, regional economic growth and streamlining the state funding application process. Established in 2011 as a centerpiece of the governor's strategy to jumpstart the economy and create jobs, the Regional Councils replaced the state's old top-down approach with one that is community-based and performance-driven. Through nine rounds of the REDC competition, the Southern Tier REDC has delivered $702.3 million for 764 projects. To learn more about the Southern Tier Regional Economic Development Council, click here. Accelerating Southern Tier Soaring  Today's announcement complements “Southern Tier Soaring,” the region’s comprehensive blueprint to generate robust economic growth and community development. The State has already invested more than $7.4 billion in the region since 2012 to lay for groundwork for the plan – attracting a talented workforce, growing business and driving innovation. Today, unemployment is down to the lowest levels since before the Great Recession; personal and corporate income taxes are down; and businesses are choosing places like Binghamton, Johnson City and Corning as a destination in which to grow and invest. Now, the region is accelerating Southern Tier Soaring 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 10,200 new jobs. More information is available here. About the Regional Economic Development Councils The Regional Economic Development Council (REDC) initiative is a key component of Governor Cuomo's approach to State investment and economic development. In 2011, Governor Cuomo established 10 Regional Councils to develop long-term strategic plans for economic growth for their regions. The Councils are public-private partnerships made up of local experts and stakeholders from business, academia, local government, and non-governmental organizations. The Regional Councils have redefined the way New York invests in jobs and economic growth by putting in place a community-based, bottom up approach and establishing a competitive process for State resources. After nine rounds of the REDC process, more than $6.9 billion has been awarded to more than 8,300 job creation and community development projects consistent with each region's strategic plans, projecting to create and retain more than 240,000 jobs. For more information on the Regional Councils, visit www.regionalcouncils.ny.gov.   Contact: Shari Voorhees-Vincent | [email protected] | (585)399-7055 ESD Press Office | [email protected] | (800) 260-7313
learn more
Press Release

Thursday, April 2, 2020 - 10:28am
Investment Provided by New York Ventures Company Located in New York City and Tel Aviv Empire State Development (ESD) today announced a $750,000 investment in Concertio, an Israeli-founded startup that provides AI-powered software to help companies automatically optimize systems to achieve maximum performance. The company, which was incubated in the Jacobs Technion-Cornell Institute at Cornell Tech, will use the investment to hire key executives to support product, sales and marketing milestones. This investment was provided by New York Ventures, ESD’s venture capital investment arm. Empire State Development Acting Commissioner and President & CEO-designate Eric Gertler said, “Innovative new startups are discovering new, niche markets throughout New York State’s diverse economy, and Concertio is a company that helps other companies implement their software more efficiently—a smart investment for ESD and a successful future business model.” “We’re entering the era of self-tuning servers, where servers automatically adjust their settings dynamically in real-time according to the workloads that they run,” said Dr. Tomer Morad, co-founder and CEO of Concertio. “Our Optimizer products transform general-purpose systems into high-performant special-purpose systems, thereby boosting performance and slashing infrastructure costs.” Concertio has employees in Israel and New York City. It uses artificial intelligence to help companies tailor computer applications to run more efficiently. Concertio is raising up to $3 million during this fundraising round. The company’s software can increase effectiveness and reduce cost of general computer servers. Concertio is an AIOps company based in New York City with employees in New York and Israel. Concertio's software products address the growing challenge of optimizing critical software and hardware systems for achieving the highest performance and efficiency at the lowest infrastructure costs. Concertio has raised $4.2 million to date. The company was co-founded by startup veteran Tomer Morad when he was a postdoctoral fellow at the Jacobs Technion-Cornell Institute of Cornell Tech Runway Program. Tomer and his team founded Concertio to help hyperscalers, chip companies, financial institutions, and other large enterprises optimize a multitude of devices and applications. By continuously monitoring and dynamically optimizing system and application settings, the patented Concertio Optimizer products equip computing systems with the ability to self-tune in real-time, effectively transforming general-purpose systems into high-performant, tailor-made systems. The company has nine employees and plans to continue growing in New York and Israel. The $750,000 investment comes from the New York State Innovation Venture Capital Fund (NYSIVCF). More information about the fund is available here. About New York Ventures New York Ventures is the venture capital investment arm of Empire State Development, New York State’s chief economic development agency. New York Ventures meets the critical capital needs of the state’s innovation economy by providing funding to high-growth startups as they move from concept to commercialization, through early growth and expansion. More information is available here.   Contact: Adam Kilduff | [email protected] | (212) 803-3744 Kristin Devoe | [email protected] | (518) 292-5107 ESD Press Office | [email protected] | (800) 260-7313
learn more
Press Release

Tuesday, March 31, 2020 - 11:12am
Startups from Across the Globe will Compete to Win a Combined Total of $3 Million in Prize Money Competition is Funded Through Upstate Revitalization Initiatives - Finger Lakes Forward, CNY Rising and Southern Tier Soaring - Regional Comprehensive Strategies to Revitalize Communities and Grow the Economy Empire State Development (ESD) today announced that the application window for the 2020 Grow-NY business competition is now open and is accepting submissions. Grow-NY, an unprecedented business competition, is in the second year of its three-year initiative and focuses on enhancing the emerging food and agriculture innovation cluster currently present in Central New York, the Finger Lakes and the Southern Tier regions of New York state. The transformative competition attracts high-growth food and agriculture startups from around the world and across the state to the Grow-NY region where they compete for a combined total of $3 million in prize money. Applications will be accepted through July 15, 2020. From the applications submitted, up to 20 finalists will be selected. Empire State Development is funding the competition through its Upstate Revitalization Initiative connected with the three regions— CNY Rising, Finger Lakes Forward and Southern Tier Soaring. Winners will be required to create a positive impact in the Grow-NY region by growing job opportunities, connecting with local industry partners and contributing to a thriving Upstate economy.  The agricultural economy in New York continues to grow with increased investment in our farms and local products," said Lieutenant Governor Kathy Hochul, Chair of the Statewide Regional Economic Development Councils. "The first round of the Grow-NY Competition was a great success, and we are excited to launch the second round and see the potential entrepreneurs have to make the industry even stronger. These companies are developing ideas and plans to revolutionize the industry by transforming sustainability and improving the health and well-being of New Yorkers. We are committed to helping these innovative companies grow and thrive in New York State." Empire State Development Acting Commissioner and President & CEO-designate Eric Gertler said, “In this unprecedented time, it is more important than ever to continue the programs that leverage New York State’s great assets to grow our economy. The Grow-NY competition is attracting startup innovation that will support job creation and the further development of our state’s food, beverage and agriculture industries.”  The selected finalists will receive dedicated mentorship from a hand-selected business advisor; marketing promotion and publicity support for their startup; an expenses-paid, three-day business development trip to the Grow-NY region for up to two finalists per team; and introductions to potential investors among other things. The competition is administered by Cornell University through its Center for Regional Economic Advancement. Kathryn J. Boor Dean of Cornell’s College of Agriculture and Life Sciences said,  “The Grow-NY program helps Cornell achieve its land grant mission by leveraging the abundant natural, commercial, and academic resources in our region to attract innovations in food and agriculture that help our community grow, make, move, and sell food more sustainably and with greater efficiency. This becomes even more vital as we look for ways to recover from the economic effects of COVID-19. We’ve already seen results from the year one winners that fulfil on the promise of the program, and we’re looking forward to more, diverse, high-growth potential applicants in year two.” Beginning in August 2020, selected teams will enter into a mentoring and business development phase that will run from September to November. Finalists will pitch their ideas and business plans at the Grow-NY Food and Ag Summit, a public symposium and industry forum, on November 17 and 18 at a soon to be announced location in Syracuse, NY. One team will be awarded the top prize of $1 million; two $500,000 prizes and four $250,000 prizes will also be awarded. Judges will base award decisions on the following five criteria: Viability of Commercialization and Business Model – the potential for the entrant to generate revenue and maintain a cost structure that allows for a competitive and sustainable business, demonstrate technological readiness or innovate to fulfill its value proposition; Customer Value – the degree to which the entrant is providing something for which customers are willing to pay, and addressing a substantial market; Food and Agriculture Innovation – the extent to which the entrant is pushing what’s considered state-of-the-art in the food and agriculture industries, and contributing to Upstate NY’s status as a global leader in innovation in these markets; Regional Job Creation – the potential for creating high-quality jobs in the Grow-NY footprint; Team – the quality and completeness of the team and its readiness to deliver. The competition winners have a non-residential requirement to operate in Central New York, the Finger Lakes or Southern Tier regions for at least one year and will have to agree to participate in an equity share program in which a portion of their profits will be returned back to the program to support future work in food and agriculture innovation within the region. The Grow-NY region includes a broad swath of Upstate New York’s most vibrant farmlands as well as several major urban centers, including Rochester, Syracuse, Ithaca and Binghamton. In all, 22 counties are included, broken down into three regions, as follows: Central New York – Cayuga, Cortland, Madison, Onondaga and Oswego Finger Lakes – Genesee, Livingston, Monroe, Orleans, Ontario, Seneca, Wayne, Wyoming and Yates  Southern Tier – Broome, Chemung, Chenango, Delaware, Schuyler, Steuben, Tioga and Tompkins Richard Ball, Commissioner of the New York State Department of Agriculture and Markets said, “From farming to food production, New York is an innovative, world-class leader in agriculture with a vast potential to draw new, high-growth businesses in the industry. Now, more than ever, we need the agricultural community and the resilience of the industry to help move New York forward. The Grow-NY competition has already proven itself to be an effective strategy for attracting talent and technology to the state and we look forward to another successful round.” In 2019, the inaugural year of the Grow-NY competition, 17 finalists pitched their business plans to a live audience and panel of judges during the Summit held at the Joseph A. Floreano Rochester Riverside Convention Center. The event attracted over 900 attendees and featured more than 75 food and agricultural exhibitors along with enriching panel sessions tackling some of the biggest challenges and opportunities facing the industry today. Last year’s winners included Dropcopter (Syracuse, NY), Tiliter (Munchen, Germany), Capro-X (Ithaca, NY), Combplex (Ithaca, NY), The Perfect Granola (Victor, NY) and Whole Healthy Food (Ithaca, NY). Real Eats America (Geneva, NY) took home the $1 million grand prize. “Last year, farmers, makers, industry leaders, local agencies, service providers, and educational institutions came together to ensure that in addition to the winners getting prize money and support, all the finalist startup teams had access to the resources they need to grow their businesses within New York state. Entrepreneurs in this program receive a unique set of tools and supports that are not found in other programs,” said Jenn Smith, Program Director of Grow-NY, Cornell University’s Center for Regional Economic Advancement. “We’re already seeing the positive impact of last year’s competition and Summit and are looking forward to seeing what year two will bring.” Central New York Regional Economic Development Council Co-Chairs Randy Wolken, President & CEO of the Manufacturers Association of Central New York, and Deborah Stanley, President of the State University of New York at Oswego said, "New York State continues to experience unprecedented growth in the agriculture and food industries and we are really looking forward to serving as host for this year’s exciting the Grow-NY Food and Ag Summit in November. This competition represents yet another exciting investment in our community that will further bolster regional job growth and further support our agricultural base throughout Central New York ensuring the region continues to rise." Finger Lakes Regional Economic Development Co-Chair Bob Duffy, President and CEO, Greater Rochester Chamber of Commerce said, "   The regional council is proud to support round two of this innovative competition that is focused on growing the state's agricultural and food industries. The REDC investment in Governor Cuomo's Grow-NY competition is working to connect local industry partners with the cutting-edge ideas of these teams of entrepreneurs which will further support our multi-pronged approach laid out in the Finger Lakes Forward Upstate Revitalization Initiative that is working to create a thriving regional economy.' Southern Tier Regional Economic Development Council Co-Chair Judy McKinney Cherry, Executive Director, Schuyler County Partnership for Economic Development (SCOPED) said, "New York's agriculture industry is one of the most prestigious in the nation, and this initiative with its investment is paramount to the regions' continued economic success. The Grow-NY competition enables innovative and competitive businesses and will further bolster our efforts to boost the regional economy helping the Southern Tier to soar." To learn more about the Grow-NY competition, click here. Accelerating CNY Rising Today's announcement complements “Central NY Rising,” the region’s comprehensive blueprint to generate robust economic growth and community development. The State has already invested more than $6.3 billion in the region since 2012 to lay the groundwork for the plan – capitalizing on global market opportunities, strengthening entrepreneurship and creating an inclusive economy. Today, unemployment is down to the lowest levels since before the Great Recession; personal and corporate income taxes are down; and businesses are choosing places like Syracuse, Oswego and Auburn as a destination to grow and invest in. Now, the region is accelerating Central NY Rising 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 5,900 new jobs. More information is available 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. Today, unemployment is down to the lowest levels since before the Great Recession; personal and corporate income taxes are down; and businesses are choosing places like Rochester, Batavia and Canandaigua as a destination to grow and invest in. 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. ​ Accelerating Southern Tier Soaring  Today's announcement complements “Southern Tier Soaring,” the region’s comprehensive blueprint to generate robust economic growth and community development. The State has already invested more than $7.4 billion in the region since 2012 to lay for groundwork for the plan – attracting a talented workforce, growing business and driving innovation. Today, unemployment is down to the lowest levels since before the Great Recession; personal and corporate income taxes are down; and businesses are choosing places like Binghamton, Johnson City and Corning as a destination in which to grow and invest. Now, the region is accelerating Southern Tier Soaring 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 10,200 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