Find out what’s happening at Empire State Development

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

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Press Release

Thursday, January 27, 2022 - 3:14pm
Packaging Manufacturer Will Build a 45,000 Square-Foot Addition in the Town of Lockport Empire State Development (ESD) today announced that Bison Bag Co., Inc., has outgrown its current space and will build a 45,000 square-foot addition at its facility located at 5404 Crown Avenue in the Town of Lockport. The company manufactures packaging, mainly for the food industry. Customers include Rich Products, King Nut, U.S. Sugar, Rosina Foods, Tropical Nut, and other food manufacturers located primarily in the Northeast United States. In order to better accommodate demand for its products, Bison Bag will also purchase new machinery and equipment. The company has committed to creating up to 10 new jobs as part of the $4 million expansion project; 90 jobs will be retained. “The Bison Bag Company’s sustained success and commitment to Niagara County is reflected in its decision to expand locally to meet growing client demand,” said Empire State Development Acting Commissioner and President & CEO-designate Hope Knight.  “Governor Hochul’s dedication to retaining small businesses, by supporting forward-thinking projects like this one, will continue to strengthen the economy and create high-quality jobs in Niagara County and across the state.”   Founded in 1968, current leadership at Bison has been at the forefront since 1999. With $32 million in annual sales, Bison is a market leader in providing innovative packaging solutions for the food industry, including custom-printed plastic bags, custom-printed pouches and rollstock. The expansion project involves the construction of a 45,000 square-foot addition to its current 92,000 square-feet facility. The addition will be a steel structure made to house food-grade materials.  Upon completion, the current warehouse will be moved into the new addition while the existing warehouse area will be converted into additional manufacturing space.  A laminator, slitter, and Regenerative Thermal Oxidizer will be purchased to support new markets that Bison previously hasn’t been able to compete in. “Bison Bag’s continued success is the result of our team’s dedication and commitment to quality and customer care. We look forward to the next phase of expanding and investing in our products, service, and team,” said Bison Bag Co. President Scott Zgoda.  “We are grateful to Empire State Development for providing us with an opportunity to advance our business. Western New York is an Ideal place for us to operate, service our customer base, and further expand our offerings.” ESD will provide Bison Bag up to $143,000 in Excelsior Jobs Program tax credits in exchange for job creation commitments. The new positions at Bison Bag include machine operators, warehouse attendants and quality technicians with an average annual salary of $46,600. Bison Bag expects to be operational in the new space by Fall 2022.  Additional information on Bison Bag Co., Inc. can be found here.   Tom Sy, Town of Lockport Coordinator of Economic Development said, “The Town of Lockport IDA was pleased to be able to support Bison Bag’s third expansion in our IDA Park. Bison Bag has received support from Town IDA in previous projects and is a tremendous success story. Bison Bag is an innovative and ever-forward company that will now employee over 100 employees in the Town of Lockport.” Senator Robert Ortt said, “As we recover from the COVID-19 pandemic, our state must be laser-focused on assisting and supporting small businesses across New York. Bison Bag’s expansion is welcome news as their growth will help provide new and exciting employment opportunities for Niagara County residents. Small businesses are the backbone of our Western New York economy, and we must continue our work to provide these vital job creators an economic climate that they are able to flourish within. I want to congratulate Bison Bag Co. on their success and wish them the best of luck as they continue to operate in our community.”    Assembly Member Michael Norris said, "Especially during this time, it is critical that New York State continues to invest in local business to grow high quality, competitive and long-term jobs to retain our greatest asset, our people. I commend this project and look forward working with my colleagues in State and local government to continue to grow our economy in Western New York. " Rebecca Wydysh, Niagara County Legislature Chairperson said, "We are very excited about the expansion of Bison Bag as it is another tremendous example that Niagara County is a great place to own, operate and hopefully expand your business. Bison Bag has long history in Niagara County and has been one of the companies on the radar of our Business Retention and Expansion program over the years.  I congratulate them on their success." About Empire State Development  Empire State Development (ESD) is New York’s chief economic development agency. The mission of ESD is to promote a vigorous and growing economy, encourage the creation of new job and economic opportunities, increase revenues to the State and its municipalities, and achieve stable and diversified local economies. Through the use of loans, grants, tax credits and other forms of financial assistance, ESD strives to enhance private business investment and growth to spur job creation and support prosperous communities across New York State. ESD is also the primary administrative agency overseeing the New York State Regional Economic Development Councils and the marketing of “I LOVE NY,” the State’s iconic tourism brand. For more information on Regional Councils and Empire State Development, please visit www.regionalcouncils.ny.gov and www.esd.ny.gov. Contact: Pamm Lent | [email protected] | (716) 846-8309 Laura Magee | [email protected] | (716) 846-8239
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Board Meeting

Monday, January 24, 2022 - 11:00am
In accordance with current Legislation, this meeting will be conducted via video conference and teleconference. The public may watch the meeting via webcast by clicking the link below. Members of the public may submit comments on agenda items in writing to [email protected] by 5:00 p.m. on Friday, January 21.
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Board Meeting

Monday, January 24, 2022 - 10:30am
In accordance with current Legislation, this meeting will be conducted via teleconference. The public may listen to the meeting via webcast by clicking the link below. Members of the public may submit comments on the Agenda items in writing to [email protected] by 9:30 a.m. on Monday, January 24, 2021. All comments received by the deadline will be distributed to the Directors prior to the meeting and will posted online.  
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Press Release

Friday, January 21, 2022 - 2:00pm
Renovations to the Niagara County Facility will Begin Immediately Helps to Reduce New York's Carbon Footprint by Accelerating Goals and Availability of Electric Vehicles Governor Kathy Hochul today announced that General Motors plans to invest nearly $154 million in its Western New York Lockport Components plant. The investment will be used to renovate the facility and purchase and install new machinery and equipment used in the production of the stator module, a key component in an electric motor. Electric motors will be used in a variety of GM's future Ultium Platform-based electric trucks and SUVs. Facility renovations will begin immediately.   "With this major investment at its Lockport facility, General Motors is taking the next steps to advance an all-electric future," said Governor Hochul. "Not only will this investment provide a boost to Western New York's economy, but it will play a critical role in supporting our efforts to electrify the transportation sector and reduce climate-altering greenhouse gas emissions and air pollution."  Gerald Johnson, GM Executive Vice President of Global Manufacturing and Sustainability said, "GM's investment in Lockport reaffirms our commitment to manufacturing in Western New York and our confidence in this team because they will build a crucial module in our electric motor assembly for our future EV trucks and SUVs. We appreciate the support from the state of New York, and it was an important factor in making this investment possible." As Lockport Components, which is a unionized facility located on Upper Mountain Road, prepares for electric motor component production, the facility will continue to build a variety of components that support GM's current truck and SUV production. Lockport Components currently produces radiators, condensers, heater cores, evaporators, HVAC modules, oil coolers and other components used in a variety of GM trucks. GM currently estimates Lockport Components will add approximately 230 positions between 2023-2026.  Actual staffing plans will be finalized closer to the start of production as the facility transitions to support EV motor component production. Empire State Development (ESD) will provide up to $5.65 million in Excelsior Jobs Program "green" investment tax credits in return for investment commitments to move the project forward. Empire State Development Acting Commissioner and President & CEO-designate Hope Knight said, "The auto industry is a critical economic driver in Western New York. General Motors' renovations at its Niagara County facility will help the region continue to lead the way with the next generation of electric vehicles and support New York's transition to the green economy." Read the full press release here.
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Board Meeting

Thursday, January 20, 2022 - 9:30am
In accordance with current Legislation, this meeting will be conducted via video conference and teleconference. The public may view and listen to the meeting via webcast by clicking the link below. Members of the public may submit comments on the Agenda items in writing to [email protected] by Noon on Wednesday, January 19, 2022. All comments received by the deadline will be distributed to the Directors prior to the meeting and will posted on-line.
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Press Release

Wednesday, January 19, 2022 - 10:16am
Investment Provided by New York Ventures  Empire State Development (ESD) today announced a $700,000 investment in Yuvo Health, a leading technology-enabled administrative and managed-care solution for community health centers. The company was launched in early 2021 and provides administrative and managed-care contracting services to Federally Qualified Health Centers (FQHCs) in the greater New York area and other key markets, nationwide.  A total of $7.3 million in funding was raised to date, led by early-stage venture fund AlleyCorp, and with participation from institutional investors including AV8 Ventures and Brooklyn Bridge Ventures. The $700,000 investment comes from the New York State Innovation Venture Capital Fund (NYSIVCF).   Empire State Development Acting Commissioner and President and CEO-designate Hope Knight said, “Through NY Ventures, ESD is constantly looking to invest in innovative New York State companies that work to enhance our quality of life and for this reason, we are excited to partner with Yuvo Health. By providing administrative and managed-care contracting services for Federally Qualified Health Centers, these FQHCs can continue to focus on what is most important – the health outcomes of our most underserved communities.”  “We are delighted on many levels to announce this seed investment, but especially because it validates the critical role that FQHCs play in low-income communities, empowering us to offer increased support and access to care where it’s needed most,” said Cesar Herrera, CEO and co-founder of Yuvo Health, who will be hosting informational webinars for FQHCs throughout January. “It's incredibly exciting to partner with industry leaders such as New York Ventures who are highlighting the importance of health equity and access for all New Yorkers.”  Heightened by COVID, there are now more than 7 million New York residents enrolled in Medicaid, up from 6 million pre-pandemic and New York State’s FQHCs play a critical role in supporting this growing population along with those who are uninsured. FQHCs time and again show better clinical and cost outcomes than their private practice peers, and according to the National Association of Community Health Centers, they see a 98% customer satisfaction rate.   About Yuvo Health:  Founded in New York City, Yuvo Health launched in January 2021 by a fully BIPOC founding team that has seen firsthand the power of quality care for underserved communities. The innovative startup is an industry-leading solution for providing administrative and managed-care contracting services to Federally Qualified Health Centers (FQHCs). Institutional investors include AlleyCorp, AV8 Ventures, New York Ventures, and Brooklyn Bridge Ventures, and angel investors such as Melynda Barnes, Ro’s Chief Medical Officer.With Yuvo, our nation's FQHCs gain the peace of mind to focus on what they do best: provide quality care to communities in need. Our FQHC partners are able to unlock revenue streams via value-based care without the daunting investment and operating burden. Currently serving the downstate New York market, the company plans to expand across New York, the Midwest, and the Mid-Atlantic regions. To learn more about the company, visit yuvohealth.com, email [email protected], and follow them on LinkedIn.  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 about the fund is available here.   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 State’s 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 Press Office | [email protected] | (800) 260-7313
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Report

Thursday, January 13, 2022 - 4:33pm
Entrepreneurship Assistance Centers (EAC) Annual Report 2020-2021
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Press Release

Thursday, January 13, 2022 - 3:10pm
State to Work with Residents, Community Leaders and Public Officials to Revitalize Downtown Areas Downtown Revitalization Investments Are Crucial Part of the State's Comprehensive Strategy to Revitalize Communities and Grow the Economy Governor Kathy Hochul today announced that Amityville and Riverhead will receive $10 million each in funding as the Long Island region winners of the fifth round of the Downtown Revitalization Initiative (DRI). As part of DRI Round 5, each of the state's 10 regional economic development regions are being awarded $20 million, to make for a total state commitment of $200 million in funding and investments to help communities boost their post COVID-19 economies by transforming downtowns into vibrant neighborhoods. "Ensuring local communities have the resources they need to thrive is critical to New York's economic resurgence," Governor Hochul said. "Amityville and Riverhead both play important roles in the overall economic health of Long Island and I have no doubt that with this this funding, they won't only recover from the impacts of COVID-19, but will flourish in the long term." Lieutenant Governor Brian Benjamin said, "After a competitive awards process with dozens of applicants, I want to congratulate Amityville and Riverhead for winning $20 million as part of the fifth round of the state's transformative Downtown Revitalization Initiative. As we continue to build back from the COVID pandemic, this investment is going to provide a significant boost to the local economy, attract tourists and regional visitors, create jobs and improve quality of life for residents on Long Island."   Led by the Department of State, the DRI serves as a cornerstone of the State's economic development policy by transforming downtown neighborhoods into vibrant centers of activity that offer a high quality of life and attract redevelopment, businesses, jobs, and economic and housing diversity.  In this round, Governor Hochul doubled funding from $100 million to $200 million and allowed each Regional Economic Development Council to decide whether to nominate two $10 million awardees or one $20 million awardee for transformative and catalytic downtown redevelopment projects. Like past DRI rounds, each selected community will develop a strategic plan through a bottom-up, community-based planning process that articulates a vision for the revitalization of its downtown and identifies a list of signature projects that have the potential to transform the downtown and leverage further private and public investments. DRI funds will then be awarded for selected projects that have the greatest potential to jumpstart revitalization and realize the community's vision for the downtown. Read the full press release here. 
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Public Notice

Wednesday, January 12, 2022 - 5:00pm
Public Notice
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