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Press Release

Wednesday, June 22, 2022 - 1:23pm
New York's Largest Biotech Company Continues to Grow in the Mid-Hudson Region, Bringing at Least 1,000 New Jobs over Five Years  Governor Kathy Hochul today announced the groundbreaking for Regeneron's previously announced $1.8 billion research, preclinical manufacturing and support facilities at the company's Westchester County campus in Tarrytown. The company, a biotechnology leader that invents and manufactures life-transforming medicines for people with serious diseases, committed to creating at least 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 is supporting the project with up to $100 million in performance-based Excelsior Jobs Program tax credits, consistent with the company's hiring goals. Regeneron considered several potential sites in the tri-state area before deciding to expand in the Mid-Hudson region.  "New York is a leader in the life sciences industry in part due to the decades of investment and many groundbreaking scientific advancements at Regeneron," Governor Hochul said. "The COVID-19 crisis was one demonstration of how quickly and effectively Regeneron is able to deploy its drug discovery and development engine against devastating diseases. Regeneron's work has undoubtedly saved countless lives in New York and throughout the United States, and we are proud that Regeneron will continue to create good jobs and invest in the Mid-Hudson region as they work to make additional breakthroughs against blindness-causing diseases, cancer, genetic diseases and more."    Regeneron President and Chief Executive Officer Leonard S. Schleifer, M.D., Ph.D., said, "We have been a proud New York company since our beginning over three decades ago, during which time we have invented industry-leading drug discovery technology and developed ten FDA-approved or authorized medicines entirely in our own laboratories. New York State has played an important role in our success by consistently recognizing the value of innovation, fostering an inclusive and dynamic biomedical industry, and helping to attract top talent to the region."  Tarrytown serves as Regeneron's corporate and research and development headquarters, and the expansion plan now underway includes the addition of new laboratories, preclinical manufacturing and process development suites and office space. This project will encompass the design, construction and fit out of up to eight buildings, three parking garages and a central utility plant totaling approximately 900,000 square feet.   The project is expected to take place in two phases over six years, with construction expected to be completed in 2027. The direct and indirect fiscal benefit to state and local government is estimated to be more than $283.3 million, with a nearly $2 billion estimated economic benefit to New York State.  Regeneron was founded in 1988 in New York City; the following year, New York State invested $250,000 in the company. Today, Regeneron is the largest biotech company in New York State and one of the largest and most productive in the world. The company is consistently ranked among the best biopharmaceutical employers by Sciencemagazine and included on the Civic 50 list of most community-minded companies in the nation.   Empire State Development President, CEO and Commissioner Hope Knight said, "Regeneron is a New York State company with a record of success in creating lifesaving advancements that benefit the entire world. Additionally, Regeneron is a company that invests in the surrounding communities and its employees. Not only will Regeneron continue to bring substantial economic growth to the Mid-Hudson Region, they will continue to be a good community partner in the region."    Read the full press release here.
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Public Notice

Tuesday, June 21, 2022 - 6:00pm
Public Notice
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Press Release

Tuesday, June 21, 2022 - 2:37pm
Project Supports Regional Food Production and Manufacturing Industry Watch Video of Project Here  Governor Kathy Hochul today announced that Americold has completed construction of a 181,000-square-foot cold storage distribution facility on approximately 28 acres in the Town of Dunkirk in Chautauqua County. The $41 million project will create 60 new jobs, in addition to the 250 construction jobs created to build the facility, which will provide much-needed cold storage for the food supply chain in the area. "New York State is pleased to support Americold's growth and advance economic recovery efforts in Western New York's vital food manufacturing sector," Governor Hochul said. "The food and beverage industry will continue to play a major role in lifting our state's economy, and through innovation, coordination, and responsiveness to consumer demands, New York businesses like Americold will help to ensure that we continue to lead the nation in shipping and storage."   The food and beverage industry is a significant and stable contributor to the US economy; it plays a leading role as an employer in many regional economies. The industry's efficiency, continuous innovation over time, and response to changing consumer demand has helped to ensure the affordability and quality of the US food supply, as well as the competitiveness of US food exports. Americold's project is an example of how the primary economic activity of food manufacturing creates value added secondary impacts with its needs for storage and shipping - reverberating through the local and regional economies, creating additional income and employment for businesses.  Empire State Development President, CEO & Commissioner Hope Knight said, "We want to ensure that Western New York's food production industry continues to thrive. Americold's expansive warehouse project will catalyze economic growth in Chautauqua County and throughout the region, supporting local manufacturers with expanded storage and transportation solutions and creating new jobs that will help secure a brighter future for all."  New York Power Authority Chairman John R. Koelmel said, "The Niagara Power project is a cornerstone for economic development in Western New York where it directly supports tens of thousands of jobs. We at NYPA are proud to support Americold so that it can establish a new cold storage facility in Dunkirk that will create 60 jobs and provide storage for Wells Enterprises, a major ice cream manufacturer and NYPA power customer."  Americold offers a comprehensive temperature-controlled storage and distribution network that is supported by the most advanced technology. For almost 120 years, Americold has been providing technology-based engineered solutions for the temperature-controlled supply chain industry - supporting everyone from local artisans to regional grocery stores, and from national food producers to international food and beverage organizations. Americold's services include blast freezing and tempering, kitting, labeling, date-coding, and repackaging to meet the needs of its global customer base.  Read the full press release here.
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Press Release

Tuesday, June 21, 2022 - 1:06pm
Today, The Times Union published commentary by Empire State Development President, CEO & Commissioner Hope Knight, on the passage of New York State’s nation-leading Green CHIPS legislation, which will allow the state to further attract the semiconductor industry while ensuring a commitment to environmental sustainability and an obligation to deliver tangible community benefits. Text of the commentary is available below and can be viewed online here. Commentary: Green CHIPS bill will bring big investment to New York Hope Knight June 21, 2022 Earlier this month, the Legislature overwhelmingly, and with bipartisan support, passed the nation’s first Green CHIPS bill, which now gives our state a once-in-a-lifetime opportunity to change the economic trajectory of upstate New York. The passage of Green CHIPS amends the longstanding Excelsior Jobs Tax Credit program to better attract multi-billion-dollar semiconductor manufacturing facilities, further enhancing New York’s competitiveness against other states vying for chip fabs. Green CHIPS will help cement our state as the nation’s leader in an industry that produces one of the United States’ top five exports and is the top contributor to domestic labor productivity growth. In combination with New York state’s long-standing semiconductor investments, it positions New York to gain a greater percentage of federal aid and private investment from the federal Creating Helpful Incentives to Produce Semiconductors (“CHIPS”) Act. Regardless of when Congress is able to pass the CHIPS Act, New York has already taken steps to grow the industry here at a time when global competition is increasing. The global chip shortage is hurting Americans where we can least afford it: our wallets. Supply chain issues and a decline in the United States’ share of global chip production are causing undue hardships to every aspect of the economy.  This erosion of U.S. chip production capacity puts our nation at a strategic disadvantage in several critical areas, including national security, technological innovation, and economic growth and independence. Because more than 300 industries – from cars to cellphones – use chips, their scarcity drives up prices of other consumer goods. U.S. Commerce Secretary Gina Raimondo put it more bluntly: The lack of chips, she said, is directly responsible for the worst inflationary pressure we’ve suffered in forty years. Why is Green CHIPS important to New York? • Jobs. Any recipient of Green CHIPS will need to invest at least $3 billion in the state and create at least 500 company jobs. Locally, look no further than Malta and Marcy for what the industry means to a community: GlobalFoundries, which has invested over $15 billion in the region, has been transformational in the Capital District. Wolfspeed, which just cut the ribbon on a billion-dollar fab in Marcy, has already invested millions of dollars in internships, workforce development programs and curriculum enhancements at SUNY, and has created hundreds of local, high-paying jobs in the Utica area. Green CHIPS will attract more transformational projects that build on upstate New York’s traditional strength in manufacturing and create new jobs at every level -- not just engineering jobs that require advanced degrees, but jobs of the future for the regions and people of our state who have suffered and need them the most.  • Community benefits. Building on similar provisions in the Federal CHIPS Act, Green CHIPS represents a holistic and inclusive model of economic development for chip fabs by ensuring that each project will deliver real community benefits, including prevailing wage, workforce training, and programs to expand opportunity for disadvantaged populations • The environment. Green CHIPS has the potential to reduce global greenhouse gas emissions by tying financial assistance to ensuring that more semiconductors – which are critical components of sectors that will help combat climate change, such as electric vehicles, energy efficiency, energy storage and clean energy – are manufactured in a more sustainable production process, in line with the draft guidelines released by the New York State Climate Action Council • Accountability. Green CHIPS is a discretionary, pay-for-performance incentive. Companies would​ not receive any state assistance until they meet their annual job, investment, and other project commitments.   U.S. Senate Majority Leader Charles Schumer and other members of the New York congressional delegation are doing their part by working to pass the federal CHIPS Act. By passing Green CHIPS, New York has shown that we are ready to do our part to address the national chip shortage, and that we can balance economic opportunity with environmental sustainability.  Hope Knight of New York City is president and CEO of Empire State Development.    Contact: Kristin Devoe | [email protected] | (518) 414-1087 ESD Press Office | [email protected] | (800) 260-7313      
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Press Release

Thursday, June 16, 2022 - 2:01pm
Fresh Meal Delivery Service Moves into 80,000 Square-Foot Production Facility in the Town of Geneva Project Complements "Finger Lakes Forward" - The Region's Comprehensive Strategy to Revitalize Communities and Grow the Economy Governor Kathy Hochul today announced the official grand opening of meal delivery service RealEats 80,000 square-foot production facility located at 1 Montmorency Way (Routes 5 & 20) in the Town of Geneva, Ontario County. Originally located in the Geneva Enterprise Development Center, a local business incubator, RealEats will produce and ship fully cooked, farm-fresh customizable meals from the new Geneva location, where it currently employs approximately 160 people. This expansion builds on the Finger Lakes regions vibrant agriculture and food processing sector, a central part of the regionally designed Finger Lakes Forward economic development plan. "New York state is globally known for having some of the best food products in the world, and the agricultural industry is an important part of our statewide economy," Governor Hochul said. "By continuing to build on our investments in successful companies like RealEats, we are bolstering startups that are focused on the future of the agribusiness industry. We are committed to fostering these innovative ideas, boosting job growth, and to further strengthening the regional and statewide economies." Founded in 2017, RealEats delivers healthy, portion controlled, chef-cooked meals directly to homes across most of the United States. RealEats selected New York, and specifically Geneva, for its expansion, because of its central location in the world-renowned Finger Lakes agricultural region. Geneva is also home to the Center of Excellence in Food and Agriculture at Cornell AgriTech - the first of its kind facility which pulls together multiple partners to catalyze business development in New York's agriculture and food industries. Dan Wise, Company President & CEO said, "We are beyond fortunate to have found a home in the Finger Lakes, where all the real food is. I could not have envisioned that an idea to solve my family's dinner dilemma would become an important public-private partnership dedicated to building a better food future. We are sincerely grateful for the incredible assistance from Empire State Development, New York State, Ontario County, the City of Geneva, the Center of Excellence for Food & Agriculture at Cornell AgriTech, and the tremendous support of our investors, the New York State Common Retirement Fund, Hamilton Lane, Armory Square Ventures, Excell Partners and GNC, which have been vital for our expansion. This unique collaboration has enabled RealEats to create 160 new local jobs, make significant investments back into our community, and help people across the country enjoy the nutritional benefits of healthy real food." Empire State Development has previously supported RealEats continued growth in Geneva through a $500,000 grant, and a $2.45 million investment by Excell Partners, which manages the FLXFWD Venture Fund, supported by the Upstate Revitalization Initiative. Up to $3 million is also being provided through the performance-based Excelsior Jobs Tax Credit Program in exchange for promised job commitments. The company also has the distinction of being the $1 million, round one winner of the state supported Grow-NY food and agriculture business competition which is dedicated to growing an enduring agrifood industry innovation cluster in the Finger Lakes, Central New York and in the Southern Tier regions of New York State. Additionally, through its In-State Private Equity Investment Program, State Comptroller Thomas P. DiNapoli has invested $7.8 million in RealEats in five separate investments through its partners, Armory Square Ventures and Hamilton Lane. The state pension fund has invested $1.6 billion in more than 500 companies through this private equity program, generating a 10% internal rate of return since 2001. The New York State Common Retirement Fund partners with investment firms to invest in private New York companies. Empire State Development Commissioner and President & CEO Hope Knight said, "This innovative company's continued expansion in Ontario County is great news, especially given the boost to local farmers that comes from RealEats' ongoing commitment to use regionally-sourced foods in their chef-prepared meals. New York's agricultural industry is the 'secret sauce' of RealEats' success and our statewide economy, and there's no better place for the company to strengthen its 'roots' and 'grow' its business than in the beautiful, bountiful Finger Lakes region." Read the full press release here.
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Press Release

Wednesday, June 15, 2022 - 3:08pm
Paper Board Packaging Manufacturer Constructed New, 105,000 Square-Foot Facility in the Town of Henrietta; Commits to Creating Close to 40 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 Premier Packaging Corporation, has officially opened a 105,000 square-foot, newly constructed, manufacturing facility in Wiregrass Business Park in the Town of Henrietta, Monroe County. The company which provides paper board packaging to some of the country’s largest digital photo finishing, food packaging, and medical device companies built the plant to better accommodate demand for its products and has additionally committed to creating up to 37 new jobs as part of the expansion project; 52 jobs will be retained. Empire State Development President, CEO & Commissioner Hope Knight said, “Premier Packaging Corporation’s new facility reinforces the company’s commitment to the Finger Lakes, a region that offers the “whole package” to top-notch businesses looking for skilled talent. New York's targeted support for forward-thinking projects like this one will continue to strengthen the economy, creating top quality jobs in Monroe County and across the state.”   Premier Packaging Corporation was founded in 1989 and was acquired by DSS, Inc. in 2010. DSS is a multinational company, operating businesses in consumer packaging, blockchain security, direct marketing, healthcare, medical real estate, and securitized digital assets.  Premier has been a market leader in providing innovative and secure solutions for paperboard packaging from heavy mailing envelops and photo sleeves, to sophisticated custom folding cartons and complex 3-dimensional direct mail solutions. Premier’s innovative designs deliver functionality, marketability, sustainability, and anti-counterfeiting technology. Premier Packaging Corporation President and DSS Chief Operating Officer, Jason Grady said, “We are grateful to ESD for providing Premier with an opportunity to advance our business. As a multinational company, we had several options when considering a new location, but with the help of ESD, we are able to continue to call this area home and excited to begin operations in our new state-of-the-art facility in Henrietta. The Upstate NY and Finger Lakes region has proven as an ideal place for us to operate our business, service our customer base, and further expand our offerings, and we look forward to continuing that succuss moving forward.” ESD is assisting Premier Packaging by providing up to $700,000 in performance-based Excelsior Tax Credits in exchange for job creation commitments. Monroe County, Rochester Gas & Electric and Greater Rochester Enterprise are also assisting with the company’s continued growth. The total project cost has been placed at $6.2 million. State Senator Patrick Gallivan said, “I congratulate Premier Packaging Corporation on its new manufacturing facility in Henrietta and its decision to expand in Monroe County.  The project adds new jobs, secures existing ones and sends a positive message to the community.  Supporting existing businesses and helping them to grow is critical as we work to expand the economy of our region and New York State."  State Assembly Member Harry Bronson said, “I applaud Premier Packaging for their commitment to our region,” said Assemblymember Harry Bronson. “Today’s announcement by the company shows that the Rochester area has a strong, diverse, and skilled workforce and is in an economic position to create jobs for the future. I look forward to Premier Packaging’s growth and the addition of new jobs at their new Henrietta campus.” Monroe County Executive Adam Bello said, “Monroe County continues to prove itself to be a hub of economic growth, technological advancement and entrepreneurial spirit – and that is further demonstrated by Premier Packaging Corporation’s investment in our community and neighbors. My thanks to Governor Kathy Hochul and Empire State Development for continuing to foster job growth and prosperity for Monroe County.” Henrietta Town Supervisor Stephen L. Schultz said, “We were very happy to learn Premier Packaging would be expanding their production facilities and chose Henrietta’s Winegrass Business Park to do so, creating up to 37 new jobs in addition to the 52 existing employees on staff. Innovative programs at the Rochester Institute of Technology, such as their Packaging Science program, help to bring in strong talent to Henrietta. In an effort to retain that talent, we have partnered with Monroe County and the State of New York and have rezoned the areas south of the RIT campus for industrial parks and mixed-use development. Premier Packaging is another great example of the numerous companies that have located in office parks near campus as a result, growing a strong industrial center, and creating many well-paying jobs for our residents and for those throughout the region. The efforts of Empire State Development and Monroe County to attract businesses to the area has paid big dividends.” Bob Duffy, President and CEO of Greater Rochester Chamber of Commerce, and Finger Lakes Regional Economic Development Committee Co-Chair, said, “Congratulations to Premier Packaging Corporation on this exciting expansion in the Town of Henrietta, which proves once again that the Greater Rochester/Finger Lakes region is an ideal place for innovative companies to grow and thrive. Thank you to our partners in government and economic development for helping to enhance business investment and growth in our region. We look forward to assisting Premier Packaging Corporation President and DSS Chief Operating Officer Jason Grady and his team with their continued success.” Matt Hurlbutt, President and CEO, Greater Rochester Enterprise said, “Premier Packaging Corporation continues to leverage the packaging assets and expertise available in the Greater Rochester, NY region to support its growth. This expansion is another great example of collaboration – including an outstanding developer who supplied a facility that met the company’s needs. This support, coupled with a competitive cost of doing business, made Rochester the right location for Premier Packaging Corporation’s expansion.” For additional information regarding Premier Packaging visit: https://www.dsssecure.com/packaging/. For additional Information regarding DSS, Inc.: visit: https://www.dssinc.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. ### About DSS, Inc. DSS is a multinational company operating businesses within nine divisions: Product Packaging, Biotechnology, Direct Marketing, Commercial Lending, Securities and Investment Management, Alternative Trading, Digital Transformation, Secure Living, and Alternative Energy. DSS strategically acquires and develops assets to enrich the value of its shareholders through calculated IPO spinoffs and a parametric share distribution strategy. Since 2019, under the guidance of new leadership, DSS has built the necessary foundation for achievable growth through the formation of a diversified portfolio of companies positioned to drive profitability in multiple high growth sectors. These companies offer innovative, flexible, and real-world solutions that not only provide mutual benefits for businesses and their customers, but also create sustainable value and opportunity for transformation. For more information on DSS visit http://www.dssworld.com. Contact: Shari Vincent | [email protected]| (585) 399-7055 | (800) 260-7313 Press Office | [email protected] | (800) 260-7313  
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Press Release

Wednesday, June 15, 2022 - 3:05pm
Watertown Facility to Produce 30 Million Chicks Per Year, Supporting Growth in New York’s Poultry Industry Rendering of the Facility Here Empire State Development (ESD) today announced the groundbreaking of the $16 million CWT Farms International state-of-the-art chick hatchery in Watertown, Jefferson County. For more than 60 years, CWT has produced high standard broiler hatching eggs for its global customer base. This new 50,000 square feet hatchery, located at the Thousand Islands International Agriculture and Business Park in Jefferson County, will be the largest hatchery in New York State and is expected to create 20 new full-time jobs. Empire State Development President, CEO and Commissioner Hope Knight said, “CWT Farms International’s state-of-the-art facility spotlights the North Country as an incubator for agribusiness innovation. We’re proud to support this project, which will create new jobs, strengthen cross-border business and add to regional growth.”        CWT Farms International Vice President of Marketing and Strategic Alliances Jeff Pierce said, “Jefferson County is an ideal location to place our new hatchery and I could not be more thankful for the support and partnership at the State and local levels, and from our supply chain and construction partners who really helped get this project off the ground. Without this support from Empire State Development and the JCIDA, this project would not have become a reality.” CWT Farms International is a recognized leader in hatching egg exports into Canada. The Watertown facility will include a laboratory and high-tech equipment to incubate, vaccinate and handle eggs and live chicks, and will include specialized state-of-the-art equipment for each stage of the production process. The facility was initially planned to handle 500,000 eggs to produce 400,000 chicks per week and grow to handle up to 1 million eggs to produce 800,000 chicks by 2025. However, CWT Farms International will open at full capacity. To encourage this project's success and job creation goals, the North Country Regional Economic Development Council recommended a $1 million ESD capital grant and up to $500,000 in performance-based Excelsior Jobs Program tax credits. Additionally, this will be the first agriculture production company in the new Thousand Islands Agriculture and Business Park, which was made possible with a $500,000 ESD capital grant recommended by the NCREDC. North Country REDC Co-chair James McKenna said, “The North Country is uniquely positioned as a prime location for investments that leverage the region’s agricultural strengths and proximity to our top trading partner to the north. The CWT Farms International chick hatchery, as part of the Thousand Islands International Agriculture and Business Park, reflects our ongoing strategy for growth, both in New York State and beyond our borders.”            State Senator Patti Ritchie said, “Groundbreaking of the new CWT Farms International chick hatchery in Watertown will create a ripple effect that will grow jobs, boost the local economy and support expansion of New York’s poultry industry. I would like to thank Empire State Development and the North Country Regional Economic Development Council for recognizing the importance of this project and look forward to seeing how it impacts our region, and the state as a whole.” Assemblyman Ken Blankenbush said, “It is exciting to see groundbreaking on such a large agricultural project in the North Country. This $16 million CWT Farms International chick hatchery will be a great addition to Watertown and the surrounding areas, bringing jobs and economic activity to the region. This is a worthy endeavor for our state to invest in, and I look forward to its completion.” Watertown Town Supervisor Joel Bartlett said, “We are pleased to welcome CWT Farms International to the Thousand Islands International Agriculture and Business Park.  The addition of CWT Farms to the community will bring good jobs and investment to the area while supporting the agricultural sector of our local economy.”  Chief Executive Officer, Jefferson County Economic Development David Zembiec said, “I would like thank CWT Farms International for choosing to locate in Jefferson County. CWT had many options in different states for their new facility and the North County, as the State’s gateway to Canada, and the state’s previous investment in Thousand Islands International Agriculture and Business Park, put Jefferson County on top. We are looking forward to watching this company grow in the region.” 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: Kristin Devoe | [email protected] | (518) 414-1087 ESD Press Office | [email protected] | (800) 260-7313
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Press Release

Wednesday, June 15, 2022 - 12:26pm
Ten New York-Based Independent Designers to Receive $50,000 for New York Fashion Week: The Shows September 2022 New York Fashion Week Highlights Safe Economic Reopening and Recovery of America's Fashion Capital Empire State Development, in partnership with IMG, today announced the 10 recipients awarded funding through the $500,000 New York Fashion Week Small Business Grant. Each of the 10 small, independent fashion designers will be awarded up to $50,000 to offset eligible show production costs for New York Fashion Week's September 2022 season. The grant awardees are: anOnlyChild; BARRAGÁN; Batsheva; Deveaux New York; Elena Velez; Fe Noel; Interior; Studio 189; Theophilio; and Willy Chavarria. Empire State Development President, CEO and Commissioner Hope Knight said, "The New York Fashion Week Small Business Grant will support diverse and emerging New York-based fashion businesses, encouraging the post-pandemic revitalization of the State’s fashion industry, which is vital to the jobs, economy and creative energy of New York City. In collaboration with IMG, we are proud to help small business fashion designers showcase their work in New York - the fashion capital of America." Prior to the COVID-19 pandemic, New York City’s fashion industry employed 4.6% of the city's workforce, generating approximately $11 billion in wages. The New York Fashion Week Small Business Grant will support the vibrant return of New York’s fashion industry while enabling independent New York-based designers to participate in recovery efforts. Designers who produce shows during a major fashion week like NYFW often generate global exposure, demonstrating the potential of using NYFW as a global platform to support business growth and tradeable sectors. Leslie Russo, President of IMG’s Fashion Events and Properties, said, "With New York as the capital of American fashion and our global reputation for incubating the best next generation of fashion brands, IMG is committed to helping the designer community flourish and grow. We are grateful to Governor Hochul and Empire State Development for showing up and taking action on behalf of New York’s fashion industry. The New York Fashion Week Small Business Grant helps to ensure we will continue to foster vibrant, diverse talent and uplift independent fashion businesses as they develop and thrive right here in New York." The New York Fashion Week Small Business Grant follows the formation of the IMG Fashion Alliance, first launched by IMG in September 2021 to support the post-pandemic revitalization of New York Fashion Week. New York State played key roles in supporting the initiative, including making State venues like Moynihan Train Hall and Robert F. Wagner, Jr. Park, available to designers to showcase their collections.  IMG Fashion Events & Properties will host a reception for the New York Fashion Week Small Business Grant recipients at its new headquarters in Chelsea’s gallery district. New York Fashion Week: The Shows will take place from September 9-14, with the official hub at Spring Studios in lower Manhattan, and content distribution publicly available across NYFW.com and @NYFW channels. Contact: Emily Mijatovic | [email protected] | (212) 803-3692
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Press Release

Thursday, June 9, 2022 - 12:43pm
Newly Certified Business Incubators Address Needs of BIPOC Entrepreneurs, Agribusiness, Medical Technology Startups  Five Innovation Hot Spots, Six Other Business Incubators Earn Redesignation from NYSTAR Empire State Development today announced the addition of three New York State-Certified Business Incubators to the robust network of innovation resources administered by NYSTAR, ESD’s Division of Science, Technology & Innovation. Each of the Business Incubators will have a different primary area of focus, such as lowering barriers to business entry for BIPOC entrepreneurs, cultivating new AgTech companies and technologies, and turning medical discoveries into commercial solutions. The new state-certified Business Incubators are Communitas America, the Cornell Agriculture and Food Technology Park and Mount Sinai Innovation Partners. NYSTAR also redesignated five Innovation Hot Spots and six other Business Incubators that were already within its innovation network. Administered and overseen by NYSTAR, the state’s Business Incubator & Innovation Hot Spot Support Program provides operating grants to the centers throughout their five-year designations. The three newly designated centers will receive a total of $1.875 million in operating grants. Empire State Development President, CEO and Commissioner Hope Knight said, “From the beginning of an idea to the marketplace, New York supports startup innovation and inclusion through its NYSTAR network. As NYSTAR’s newest business incubators, Communitas America, the Cornell Agriculture and Food Technology Park and Mount Sinai Innovation Partners will foster the diversity and growth of BIPOC entrepreneurs, agribusiness and medical technology startups, and add to the robust resources available to support their success.”    “Our network of Business Incubators and Innovation Hot Spots have accelerated the expansion of our state’s technology and innovation ecosystem by reaching more entrepreneurs and engaging more local collaborators and resources,” said NYSTAR Senior Vice President Matt Watson. “They provide ground-level services that make a dramatic difference in helping startups and early-stage firms take important next steps in their development. It has created a culture of innovation that connects communities across the state – generating inclusive growth, expanding access to opportunities and contributing to New York State’s economic competitiveness.” The state-certified Business Incubators accelerate the development of early-stage companies through an array of support resources and services specifically designed to meet the needs of startup companies. Innovation Hot Spots also coordinate regional entrepreneurial ecosystems and can offer support and incentives to local businesses. About $12.1 million in state funding from the Business Incubator & Innovation Hot Spot Support Program was awarded to the 14 newly designated and redesignated programs across the state as part of the Regional Economic Development Council initiative. The three newly designated incubators focus on a variety of challenges facing businesses and entrepreneurs across the state and in various industries: Communitas America cultivates a growing community of BIPOC and women entrepreneurs igniting social changes in underserved areas of New York City, such as the Bronx and Harlem. Its cohort-based Communitas Ventures Accelerator program equips early-stage entrepreneurs with the resources necessary to develop, sustain and scale their businesses, including weekly learning sessions, networking and funding. Heyground Harlem, the organization’s upcoming incubator, will be a community-driven space that furthers connections, mentorships and partnerships to increase access and opportunity.   The Cornell Agriculture and Food Technology Park operates a 20,000-square foot incubator facility in Geneva, N.Y., providing office, manufacturing, and laboratory space to startups and emerging companies in agribusiness industries. The Tech Farm, the park’s dynamic incubator, will partner with the Center of Excellence for Food and Agriculture at Cornell AgriTech to better coordinate, market and deliver its wide variety of services and provide access to facilities to support companies and new technologies in the ag and food industry. New York’s medical technology startups can grow through Mount Sinai’s robust healthcare innovation ecosystem. Mount Sinai Innovation Partners, the commercialization arm of the Mount Sinai Health System, provides comprehensive support to turn scientific discoveries from the system into commercially viable businesses. It assists early-stage companies with knowledge, mentorship, intellectual property protection and network resources to raise capital and find partners. Through Elementa Labs, external startups are matched with mentors and champions (subject matter experts) to bolster the startup’s understanding of customer needs, helping advance their products to the next level. Mount Sinai Innovation Partners plays a crucial role in growing the life sciences industry in New York City and across the state.  Now part of NYSTAR’s statewide network of innovation resources, the three Business Incubators will receive state funding as well as administrative support and assistance. The five Innovation Hot Spots that earned redesignation have delivered significant impacts for their regional economies and innovation ecosystems, fostering new collaborations, encouraging local entrepreneurship and supporting growth and job creation within startups and early-stage companies. They include: CENTRAL NEW YORK: Located in downtown Syracuse, The Tech Garden, operated by CenterState CEO, continues to focus on increasing outreach to diverse entrepreneurs and veteran entrepreneurs, providing startups with access to professional business development services at no cost, improving access to capital and improving regional communication around the sharing of best practices. FINGER LAKES: NextCorps and Rochester Institute of Technology's Venture Creations Technology Business Incubator (VCI) jointly lead the Finger Lakes Innovation Hot Spot. Through the Hot Spot initiative, they seek to expand their successful incubator models to serve more entrepreneurs, including those in historically underserved communities. NORTH COUNTRY: Led by the Shipley Center for Innovation, the North Country Incubator builds on the scalable and proven model developed by Clarkson University through its successes at the Shipley Center, the Center for Advanced Materials Processing (CAMP), the Reh Center for Entrepreneurship. By centralizing resources and services at Clarkson and decentralizing idea generation across the region, the North Country’s Hot Spot positions the region to harness existing intellectual capital to create the businesses needed to drive economic development.  SOUTHERN TIER: The Southern Tier Startup Alliance (STSA), an organization led by Cornell University, operates regionwide through a network of member incubators. Member incubators serve as focal points for entrepreneurial communities and locations where mentors can deliver services to startups. WESTERN NEW YORK: Operated by the University at Buffalo, the Western New York Incubator Network (WIN) is a consortium of business incubators in the WNY region that helps entrepreneurs start, build and grow businesses. WIN’s program offerings include pitch prep, embedded consultants, outreach and student entrepreneurship. The six New York State-Certified Business Incubators — which were awarded redesignation for the impact they’ve generated thus far — take a more targeted approach than the regional Innovation Hot Spots to meet the entrepreneurial support needs of communities or specific industries. They include: CAPITAL REGION: Tech Valley Center of Gravity’s manufacturing Incubator and protostar rapid prototyping center in Troy is focused on assisting manufacturing startups by providing a one-stop shop for prototype development along with the skills and structure needed to successfully launch small-scale manufacturing businesses. CENTRAL NEW YORK: The CNY Biotech Certified Business Incubator is an academic-based biotech incubator and accelerator located in Syracuse and operationally supported by Upstate Medical University. It promotes access to Upstate Medical’s experts, facilities and equipment. CNYBAC’s diverse network of resources — such as its labs, offices, conference rooms, TED-enabled 200+ seat theater, National Grid Creation Garage, Café and short-term occupancy Pods — are available to for-profit biotech startups, early discovery innovators, entrepreneurs, mentors, service providers and innovation clubs. MOHAWK VALLEY: Located in Rome and adjacent to the Air Force Research Laboratory Information Directorate, the Griffiss Institute Business Incubator (GIBI) provides a unique space in the Mohawk Valley where startups and growing small businesses can find a wide range of business support services tailored for each client. The Griffiss Institute has a unique relationship with the Air Force Research Laboratory allowing it to nurture new businesses seeking both opportunities to work with the Lab or to commercialize its intellectual property. NEW YORK CITY: The Downstate Biotechnology Incubator, which is adjacent to SUNY Downstate Medical Center, and BioBAT at the Brooklyn Army Terminal provides services to early-stage companies, focused especially on biotech and technology expansion and manufacturing. This initiative provides job training programs for graduate and undergrad students and access to Downstate Medical Center resources, and the entrepreneurship program provides mentorship and business support as well as connections to various funds, angel investors and venture capitalists. NEW YORK CITY: Operated by the Tandon School of Engineering at New York University, NYU Tandon Future Labs, brings together several incubator programs that target various needs within the city’s innovation ecosystem, including the Data Future Lab, Digital Future Lab, Urban Future Lab and Veterans Future Lab. Combined, they provide incubation resources and services to increase the success rate of new ventures and generate positive economic impact. SOUTHERN TIER: The Binghamton Incubator Program focuses on developing and delivering entrepreneurial and business skills through workshops, seminars, events and mentoring at two locations in the Greater Binghamton Area: The Start-Up Suite pre-incubator with office and wet lab space at the Binghamton University Innovative Technologies Complex campus in Vestal, and the Koffman Southern Tier Incubator with offices, dry- and wet-labs, high-bay and co-working spaces in downtown Binghamton. In total, NYSTAR has designated 10 Innovation Hot Spots and 20 state-certified Business Incubators – including the five Hot Spots and nine Business Incubators just designated or redesignated. NYSTAR also oversees the state’s network of Centers for Advanced Technology, Centers of Excellence, New York Manufacturing Extension Partnership centers and more. Across its programs, there are over 70 NYSTAR-backed centers across the state that are actively working to generate technology-driven economic growth. Collectively, they provide innovators, entrepreneurs and business leaders with access to the support they need to solve challenges and grow companies, often connecting academia and industry to spark collaborations that lead to new discoveries and job creation. State Senator Anna M. Kaplan said, “It’s important that we do everything we can to support the development of small businesses in New York, and the State’s network of business incubators have proven to be an engine for entrepreneurism, innovation, and economic growth across the state. As Chair of the Committee on Commerce, Economic Development, and Small Business, I have championed funding for incubators and entrepreneurial assistance centers, because they have a proven track record for success, and deliver significant return on investment for the taxpayers. I’m thrilled that the network of services continues to grow with this announcement, and I applaud Empire State Development for their efforts to support these vital services.” “I applaud Communitas America, the Cornell Agriculture and Food Technology Park and Mount Sinai Innovation Partners for their commitment to our state,” said Assemblymember Harry Bronson. “Today’s announcement by the NYSTAR Network of Innovation Resources and Empire State Development shows that New York State has an appetite for strong, diverse, business startups and is in an economic position to create jobs for the future. I look forward to this exciting growth and welcome these additional three new business incubators.” 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. About NYSTAR  Empire State Development’s Division of Science, Technology and Innovation – known as NYSTAR – advances technology innovation and commercialization in New York State. NYSTAR offers programs that assist companies from start-up through maturity, leveraging the state’s unparalleled investment in world-class technology assets and expertise. It provides roughly $55 million annually in funding to support over 70 centers that provide direct assistance to New York State companies – a network of vital assets for enabling technology- and manufacturing-led growth and job creation. NYSTAR and its partners are proud to contribute to New York’s leadership in the global innovation economy. For more information, visit esd.ny.gov/nystar.   Contact: Kristin Devoe | [email protected] | (518) 414-1087 John Mackowiak | [email protected] | 518.618.1175
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Press Release

Thursday, June 9, 2022 - 12:35pm
  MTA, in Partnership with Amtrak and NJ TRANSIT, Seeking Firms to Design Penn Station Reconstruction    Firms to Begin Designing Generational Transformation of Penn Station as Outlined by Governor Last Fall    New Station Will Feature Massive Single-Level Concourse with High Ceilings and Natural Light, Greater Connectivity to Platforms, Larger Entrances and Intuitive Travel Paths   Empire State Development Convenes Public Realm Task Force To Complement Overall Development Plan and Prioritize Public Spaces and Social Services, Invest in Affordable Housing, Increase Transit Access and Shared Streets, Activate Pedestrian-Friendly Streetscape   Video of Penn Project and Its Benefits to Commuters, Residents and the Public Can Be Seen Here  Governor Kathy Hochul with New Jersey Governor Phil Murphy today announced that the Metropolitan Transportation Authority, in partnership with Amtrak and NJ TRANSIT, is requesting proposals from architecture and engineering firms to guide the Penn Station Reconstruction effort recently outlined in the Penn Station Master Plan study that was announced in the fall. Governor Hochul's plan calls for the transformation of Penn Station into a modern, spacious, light-filled facility that is easy to navigate, while also revitalizing the surrounding neighborhood to prioritize the public realm and social services, invest in affordable housing, increase transit access and shared streets, and create a pedestrian-friendly streetscape. Penn Reconstruction will modernize the concourse experience for passengers with improved platform connectivity, streamlined wayfinding and enhanced amenities. The future expansion of Penn Station will add track and platform capacity and be fully integrated with a reconstructed Penn Station.  "The transformation of Penn Station into a world-class, commuter-focused transportation facility befitting the central hub of the greatest city in the world cannot come soon enough," Governor Hochul said. "We have shared a vision of a single-level unified station with soaring ceilings that welcome natural light, clear, intuitive sightlines, more circulation space and more connectivity to streets and platforms. With this announcement, the MTA is taking a concrete step toward making that vision a reality. Thanks to the efforts of the Biden Administration, Senator Schumer's leadership and the support of Senator Gillibrand and our congressional delegation, new federal resources are available to assist in creating a new Penn Station for the entire region."  "Penn Station is a major transportation hub that hosts millions of train and subway commuters along its corridors every year," said Lieutenant Governor Antonio Delgado. "Launching this infrastructure project to modernize Penn Station will result in a first-class transit hub that New Yorkers can be proud of and will improve passenger amenities and circulation within the station, create construction jobs and transform the area for businesses and residents." "As the centerpiece of one of the most important transportation networks in the world, Penn Station requires an atmosphere and appearance that reflect its tremendous importance to the region," said New Jersey Governor Phil Murphy. "For several decades Penn Station has not provided New Jersey commuters and visitors with the comfort and convenience they deserve. Now, as a result of partnerships across agencies and state lines, we are prepared to take the next step toward the long-awaited transformation of this pivotal transportation hub." In accordance with the master plan developed by MTA and its partner railroads, the rebuilt station will:  Integrate train boarding and all public functions and amenities on a single level with broad concourses and high ceilings  Create a main concourse on the east side of the station that will be considerably larger than the areas of Moynihan Train Hall and the Great Hall at Grand Central Terminal combined  Double the ceiling height of the public concourses  Establish clear sightlines to platform entrances to provide intuitive travel paths through the station  Increase the number of stairs, escalators and elevators to the station's 11 platforms by 33 percent Improve/enlarge pedestrian entrances  The current Penn Station - the Western Hemisphere's busiest transit hub - serves more passengers than LaGuardia, John F. Kennedy and Newark Airports combined. Amtrak's operation in the new Moynihan Train Hall provides an opportunity to overhaul Penn Station, eliminating the bulk of the first subterranean level to open up the main concourse to natural light, improving retail and other user amenities, increasing safety and security, significantly expanding passenger circulation areas, expanding entrances and exits, and making it easier for passengers to navigate within the station and to connect to their destinations beyond. The reconstruction of the station is expected to cost between six and seven billion dollars and is estimated to be completed five to six years after the start of construction.   Additionally, Empire State Development announced the creation of the Penn Station Area Public Realm Task Force, which will advise ESD on public realm improvements to revitalize and beautify the area around Penn Station, including reimagined streetscapes and new open spaces. The Public Realm Task Force comprises representatives of involved State and City agencies, local elected officials, community boards, civic organizations and other stakeholders. Public Realm Task Force Membership  Governor's office:  - Deputy Secretary of Economic Development  - Deputy Secretary of Transportation  - Deputy Secretary of Human Services  Empire State Development  MTA  Amtrak  New Jersey Transit  New York City Mayor's Office NYC Dept of Transportation  NYC Dept of City Planning  NYC Economic Development Corporation Manhattan CBs 4 and 5 (2 appointees from each Board)  Civic organizations  - Regional Plan Association  - 34th Street Partnership  Developers in GPP Area  MSG  Congressman Jerrold Nadler Congresswoman Carolyn Maloney State Senator Brad Hoylman State Senator Robert Jackson State Senator Liz Krueger Assemblyman Richard Gottfried Manhattan Borough President Mark Levine Councilmember Erik Bottcher The Task Force will be charged with developing a Public Realm Concept Plan, assisted by noted architect Claire Weisz's WXY Studio, that includes a prioritized list of desired public improvements like the designs of streets and open spaces, and guiding principles for additional public realm design, programming, and operations. ESD and the Task Force will also work closely with the New York City Department of City Planning to ensure its work is coordinated and consistent with the City's broader public realm planning goals.  A Penn Station Area Public Realm Fund will be created, funded by a portion of the real estate revenues generated by new redevelopment of the GPP sites, starting with a commitment of $50 million in early project revenues.  Governor Hochul today also announced the premiere of a video showcasing the State's vision for a new Penn Station and for the revitalization of the area surrounding it. The video encapsulates public presentations made during more than one hundred meetings to community groups and elected officials over the past two years, so all New Yorkers can understand the plan, and how - after decades of trying -- New York can finally build a New Penn Station, worthy of the Empire State. The digital video can be found here and on a new webpage about the project. In parallel with Penn Reconstruction design, the railroads anticipate beginning a review of the Penn Reconstruction project under the National Environmental Policy Act and the National Historic Preservation Act. That review will include robust outreach as required by law and will be supplemented by a Station Working Advisory Group to ensure as many local and regional voices as possible are heard and the best ideas are incorporated into the design.    Reimagining the station is part of the Governor's commitment to ensuring equitable transit access and achieving economic development. This will be particularly beneficial for users of the forthcoming Metro-North Railroad stations in the East Bronx (Co-op City, Morris Park, Parkchester, and Hunts Point), for whom travel times to and from Midtown will be reduced by up to 50 minutes as a result of Penn Access.  Empire State Development President, CEO and Commissioner Hope Knight said, "The revitalization of Penn Station will catalyze new investments and development in the surrounding neighborhoods, supporting the overall economic growth of the community, and provide a long-overdue modern transit hub for residents, commuters and visitors. Through the Public Realm Task Force, we will develop a sustainable plan for improvements in the areas around Penn Station, incorporating feedback from the people who live and work in this critical business district." MTA Chair and CEO Janno Lieber said, "This is a huge step in our ongoing effort to completely transform Penn Station. The MTA has already completed the iconic new entrance to Penn on Seventh Avenue and we are approaching the finish line on the project to double the size of the Long Island Rail Road concourse in the station. The next steps are laid out in the Master Plan we developed. Imagine a soaring world class station with high ceilings, open spaces and natural light - like Grand Central Terminal or Moynihan Train Hall. That's where we are headed in this next phase." New Jersey Transit President and CEO Kevin S. Corbett said, "This request for proposals represents an important first step by NJ TRANSIT and our partners at the MTA and Amtrak to deliver the world-class experience our Penn Station customers deserve. Penn Station serves as a vital hub for the millions of NJ TRANSIT customers who commute to and from New York annually. I look forward to working with our partners on a design that ultimately transforms and expands the station into an open, welcoming and modern facility that meets the needs of today, and accommodates the demands of tomorrow." Read the full press release here.
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