Empire State Development Reports
ESD is dedicated to sharing information about its work with the public. In this Reports section, you can find many of the quarterly and annual reports that we provide each year, detailing key New York State economic development projects and initiatives.
In addition to the reports published below, you may also wish to explore ESD's Database of Economic Incentives, which provides a dynamic, user-friendly, searchable database of economic development projects that receive ESD support, or the 100+ economic development-related datasets available at data.ny.gov.
Additional information is provided through reports published by our 10 Regional Economic Development Councils at regionalcouncils.ny.gov, as well as in the comprehensive archive of public meeting videos and materials published in the ESD Media Center.
Empire State Development strives for a transparent, navigable and accessible web presence. Older documents may be available via FOIL at the following link.
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Board Meeting
New York Job Development Authority Audit and Budget Committee Meeting: Postponed - To Be Rescheduled
Thursday, June 22, 2023 - 12:30pm
Postponed – To Be Rescheduled
Board Meeting
Thursday, June 22, 2023 - 9:30am
The meeting is open to the public.
The public may also view and listen to the meeting via webcast by clicking the link below.
Please Note:
Due to building procedures, members of the public attending in-person should please RSVP by 4:30 p.m. on Wednesday, June 21, 2023.
Members of the press should please call (800) 260-7313; Members of the public should please call (212) 803-3772.
Members of the public may submit comments on the Agenda items in writing to [email protected] by 5:00 p.m. on Wednesday, June 21, 2023.
All comments received by the deadline will be distributed to the Directors prior to the meeting and will be posted online.
Board Meeting
Thursday, June 22, 2023 - 8:30am
Due to building procedures, members of the public attending in-person should please RSVP by 4:30 p.m. on Wednesday, June 21, 2023.
Members of the press should please call (800) 260-7313; Members of the public should please call (212) 803-3772.
The public may listen to the meeting via webcast by clicking here.
Members of the public may submit comments on the Agenda items in writing to [email protected] by noon pm on Wednesday, June 21, 2023.
All comments received by the deadline will be distributed to the Directors prior to the meeting and will be posted online.
Press Release
Wednesday, June 21, 2023 - 4:10pm
600-Foot-Long Elevated Path Adds New Woodland and Timber Bridges, Knits Together New Public Spaces and Public Transit Surrounding Moynihan Train Hall
Latest Addition to the High Line Opens to Public Tomorrow, June 22
Photos Available Here; Time-Lapse Video of Bridge Construction Here
Governor Kathy Hochul today announced the opening of the new High Line - Moynihan Connector, a stunning new elevated pathway for pedestrians in the heart of Manhattan, with The Port Authority of New York and New Jersey, Brookfield Properties and Friends of the High Line. The Connector knits together new public spaces and public transit surrounding Moynihan Train Hall with the High Line, allowing pedestrians an uninterrupted, accessible and safe path all the way from West Midtown to the West Village. It officially opens to the public tomorrow, June 22.
"The High Line is an outstanding example of effective public-private partnership, and this latest addition will enhance this attraction for New Yorkers and visitors alike," Governor Hochul said. "Thanks to state resources and the combined efforts of Friends of the High Line and Brookfield, the High Line - Moynihan Connector will add 600 feet of new open space to transform one of New York City's busiest neighborhoods. This project is a testament to the power of smart, sustainable design, enhancing one of the most beloved parts of the city, and I encourage New Yorkers and visitors to take advantage of this beautiful new space."
Executive Director of Friends of the High Line Alan van Capelle said, "This is a project that ties neighborhoods and public spaces together. We've heard for years about how inhospitable these streets around the entrance to the Lincoln Tunnel felt for people in the community. Now, the Connector will give our neighbors a safe, green, and inspiring pathway between the High Line and Midtown. We are so grateful to our partners at the State, Brookfield Properties and the NYC Department of Parks and Recreation for helping us realize this vision."
Managing Partner of Brookfield Real Estate Ben Brown said, "The High Line - Moynihan Connector is a major transportation advancement for New York City and a pivotal milestone in the evolution of Manhattan's newest neighborhood. Not only does it bridge communities, but also it connects and expands some of New York's most exciting public open spaces in the High Line and Manhattan West Plaza. Governor Hochul and ESD deserve enormous credit for making it happen, and we thank Friends of the High Line and our design and construction partners for their crucial roles."
Read the full press release here.
Report
Friday, June 16, 2023 - 5:00pm
The Empire State Jobs Retention Program was created to provide financial incentives to retain strategic businesses and jobs that are at risk of leaving the state due to the impact on business operations from a natural disaster. Below please find charts A & B of the quarterly program report detailing businesses admitted to the program and credits issued for the first quarter, ending 3/31/2023.
Empire State Jobs Retention Program Quarterly Report - Chart A: Businesses Admitted To Program
Empire State Jobs Retention Program Quarterly Report- Chart B: Credits Issued
Report
Friday, June 16, 2023 - 4:43pm
The Excelsior Jobs Program provides job creation and investment incentives to firms in targeted industries in order to encourage businesses to expand in and relocate to New York while maintaining strict accountability standards to guarantee that businesses deliver on job and investment commitments. Below please find the quarterly program report for the first quarter of 2023, ending 3/31/2023.
3/31/2023: EXCELSIOR JOBS PROGRAM - Quarterly Report
CHART A - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Admitted To Program
CHART B - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2011 & 2012
CHART C - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2013
CHART D - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2014
CHART E - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2015
CHART F - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2016
CHART G - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2017
CHART H - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2018
CHART I - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2019
CHART J - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2020
CHART K - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2021
CHART L - EXCELSIOR JOBS PROGRAM QUARTERLY REPORT - Businesses Issued Credits- Tax Year 2022
Public Notice
Thursday, June 15, 2023 - 2:00pm
View all grants to be presented at the batch virtual public hearing.
Press Release
Tuesday, June 13, 2023 - 4:09pm
Project Brings Historic Buildings in Downtown Back to Life with Commercial and Residential Spaces
Photos of Completed Project Available Here; Before Photos Available Here
Governor Kathy Hochul today announced the completion of the $12.5 million restoration and redevelopment of the 1915 First National Bank building and adjacent former Siegel's Shoe Store building in downtown Olean as part of the Downtown Revitalization Initiative. The seven story First National building now houses 21 apartments, with commercial, event and art spaces occupying the former bank floor and mezzanine. The two-story former Siegel's Shoe Store building was renovated into class-A office space. New York State, in collaboration with Savarino Companies and local government partners is bringing this historic building located in the heart of Olean back to life. Photos of the completed project are available here, and before photos are available here.
"The ribbon cutting for the First National project marks a long-awaited milestone in the redevelopment of Olean's Central Business District," Governor Hochul said. "This historically significant, mixed-use building, which was vacant for nearly 30 years before we tackled its restoration, brings a vibrancy to Olean that will contribute to the city's goals for a walkable, thriving downtown."
New York State Secretary of State Robert J. Rodriguez said, "Growth in the City of Olean is well underway, as key projects through the Downtown Revitalization Initiative continue to strengthen the sense of community and improve quality of life for residents, while also attracting new businesses that are spurring economic development. The completion of the First National Bank project puts the City of Olean one step closer to achieving its vision of creating a vibrant downtown community brimming with opportunities for residents and visitors to work, learn and thrive."
The Gallery at Olean is First National's largest and most visible tenant. The first new tenant was Casa-Trinity, which provides peer-based counseling and recovery services for those suffering from alcohol and substance addictions. The building's remaining storefront commercial spaces are completed and move-in ready for other tenants who may take advantage of the visible street front space.
Read the full press release here.
Press Release
Tuesday, June 13, 2023 - 4:06pm
$2.2 Million in State Funding Supports Expansion of Headquarters and 100 New Jobs
Strengthens New York City as Hub for Technology and Innovation
Governor Kathy Hochul today announced that Manhattan Telecommunications Corporation, a global communications solution provider for businesses worldwide, is investing $3 million to extensively renovate its 55 Water Street headquarters in New York City. As part of its growth plans, MetTel has committed to creating at least 100 new full-time jobs in software development and professional services while retaining 180 full-time jobs, supported by up to $2.2 million in performance-based Excelsior Jobs Program tax credits from Empire State Development. ESD was joined by the New York City Economic Development Corporation to mark the milestone with a ribbon cutting at MetTel's 55 Water Street headquarters.
"New York City stands as a beacon of innovation where creativity flourishes and the entrepreneurial spirit thrives," Governor Hochul said. "The expansion of MetTel serves as a testament to the region's stature as a dynamic tech hub, reaffirming our position at the forefront of innovation, growth, and job creation."
Founded in New York City in 1996, Manhattan Telecommunications Corporation (MetTel) has helped businesses and government organizations boost enterprise productivity, reduce costs and simplify operations through automation. These renovations will transform the headquarters into a cutting-edge workspace that fosters collaboration, creativity, and innovation. The company maintains significant operations in New Jersey, Utah, and Rhode Island which were also considered for this expansion project, in addition to a proposed new location in Florida.
Mayor Eric Adams said, "MetTel is a true New York City company - born and raised here - and I am so thrilled they are staying here. This public-private partnership is creating the jobs of tomorrow, unlocking technology that will help millions of New Yorkers, and supporting the entire city's recovery by hiring an additional 100 employees. Our administration is revitalizing commercial corridors, filling vacant storefronts, and investing in key growth industries — and we have regained 99 percent of jobs lost during the pandemic, because New York City is the place to build your economic future."
Empire State Development President, CEO and Commissioner Hope Knight said, "ESD is proud to support the expansion of MetTel, a shining example of a company grown in the heart of New York City's vibrant tech sector. Our city's dynamic environment and access to top-tier talent have propelled MetTel's growth and innovation. This expansion demonstrates the power of New York City as a catalyst for success in the tech industry and we are thrilled that MetTel will continue to grow its legacy in the Empire State."
Read the full press release here.
Press Release
Monday, June 12, 2023 - 5:43pm
One of the Foremost Modern and Contemporary Art Museums in the World Has Completed the Most Substantial Expansion and Development Project in Its 160-Year History
Buffalo AKG Art Museum Includes More Than 50,000 Square Feet of Exhibit Space, Five Classrooms, New Restaurant and Public Green Space, and Community Gathering Space
Museum is Projected to Have an Economic Impact of $34 Million Annually for Western New York and Employ 134 Full-Time Employees
View Photographs of the Expansion Project Here
Governor Kathy Hochul today announced the substantial completion of the Buffalo AKG Art Museum, one of the foremost modern and contemporary art museums in the world. The $195 million expansion, restoration, and renovation project includes the dramatic new three-story Jeffrey E. Gunlach building and the restoration of two other historic buildings on the campus formerly known as Albright-Knox Art Gallery. AKG is projected to increase visitation by more than 30 percent and attract at least 160,000 visitors per year. It is estimated that the region could experience a sustained economic benefit of an additional $34 million per year as a result of the increased tourism.
“The breathtaking Buffalo AKG Art Museum is one of the world's finest institutions for modern and contemporary art — showcasing the economic and cultural renaissance Western New York has experienced in recent years,” Governor Hochul said. “Buffalo is very fortunate to have a world-renowned art museum with a reputation that has grown to even greater prominence as it expands its campus and collection of works. The new building and campus are a dramatic work of art that will attract visitors and support the regional tourism economy for decades to come.”
Read the full press release here.