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
Monday, November 13, 2023 - 12:00pm
With Video Conferencing to:
Empire State Development - Long Island Regional Office, 115 Broadhollow Road – Suite 250, Melville, New York 11747
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 wishing to attend in-person at either location should please RSVP by 4:30 p.m. on Friday, November 10, 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 4:30 p.m. on Friday, November 10, 2023.
All comments received by the deadline will be distributed to the Directors prior to the meeting and will posted online.
Board Meeting
Monday, November 13, 2023 - 11:00am
This meeting is open to the public.
The meeting will be streamed and available at the link below.
Due to building procedures, attendees are asked to RSVP by 4:00 p.m. on Friday, November 10.
RSVP press line (800) 260-7313; RSVP public line (518) 292-5105.
Board Meeting
Monday, November 13, 2023 - 10:30am
With videoconferencing to:
Empire State Development, 633 Third Avenue – 35th Floor Conference Room, New York, New York 10017
The meeting is open to the public.
Please Note:
Those attending at either location must RSVP by 9:00 a.m. on Monday, November 13, 2023.
RSVP press line (800) 260-7313; RSVP Buffalo press line (716) 846-8239;
RSVP public line (212) 803-3772
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 9:00 am on Monday, November 13, 2023.
All comments received by the deadline will be distributed to the Directors prior to the meeting and will be posted online.
Press Release
Friday, November 10, 2023 - 4:57pm
New York State and Puerto Rico Economic Opportunity Advisory Council Will Explore, Propose, and Help Implement Policies to Strengthen New York and Puerto Rican Economies
Council’s Priorities Will Include First-in-the-Nation Life Science Exchange to Advance Research and Innovation, Partnership With New York’s ConnectALL Broadband Office and Puerto Rico’s Smart Island Initiative, and Efforts to Strengthen Healthcare Programs
Governor Kathy Hochul and Puerto Rico Governor Pedro Pierluisi today launched the New York State and Puerto Rico Economic Opportunity Advisory Council, a group of administration officials appointed by Governor Hochul and Governor Pierluisi, to strengthen ties between New York and Puerto Rico and advance shared economic priorities. The council will explore, propose, and help implement policies to strengthen the New York and Puerto Rican economies.
As part of the announcement, Governor Hochul and Governor Pierluisi also unveiled three new economic development partnerships between New York State and Puerto Rico that will serve as the Council’s first priorities, which will seek to support the growing life sciences sector, collaborate in efforts to bridge the digital divide, and join forces on healthcare programs and policies to improve the lives of New Yorkers and Puerto Ricans. Each sector offers opportunities for New York and Puerto Rico to leverage state, territory, and federal investments and strengthen economic and social ties between Puerto Rico and New York, which has one of the largest populations of Puerto Rican residents outside of Puerto Rico.
“This new advisory council marks the start of an exciting new chapter in New York’s unwavering partnership with Governor Pierluisi and the island of Puerto Rico,” Governor Hochul said. “With this group of talented public servants at the helm, the New York State and Puerto Rico Economic Opportunity Advisory Council will help us double down on our commitments to building modern, 21st century economies, starting by boosting our life sciences sectors, eliminating barriers to broadband access, and strengthening our healthcare systems.”
Read the full press release here.
Press Release
Friday, November 10, 2023 - 11:07am
Empire State Development (ESD) today announced that $5 million has been awarded to eight Certified Business Incubators as part of the agency’s Division of Science, Technology and Innovation (NYSTAR). The eight awardees will each receive a five-year designation, and the awarded funding supports annual operating costs for NYSTAR programs and centers emphasize the importance of working with industry as a way to leverage New York State’s technology strengths to produce new products and services. Through this competitive process, administered by ESD, applications are received and reviewed through the Consolidated Funding Application (CFA) by both the Regional Councils and ESD. NYSTAR designates a total of 10 Innovation Hot Spots—one for each of New York's economic development regions—and 20 Certified Business Incubators over a rolling competitive process, which receive funding to reach a greater number of early-stage companies.
NYSTAR’s certified business incubators are an important tool in the toolbox for early stage companies throughout New York State to build and grow their business,” said Lieutenant Governor Antonio Delgado, Statewide Chair of the Regional Council initiative. “Growing the technology sector throughout the state will ensure that New York is well prepared for the future and the Regional Councils are proud to support the innovation economy.”
Empire State Development President, CEO and Commissioner Hope Knight said, “Supporting NYSTAR’s certified business incubators demonstrate our continued commitment to growing our technology sector on every level, from early stage and beyond, so they can be successful in New York State. By supporting NYSTAR’s incubators, we are making a huge difference in a start-up’s future.”
The Round XIII awardees are:
Certified Business Incubators - $125,000 Annually:
Capital Region – Albany College of Pharmacy & Health Services (AMPS)
Central New York – The Hub
Long Island – IdeaHub at Hofstra
Long Island – NYIT ETIC
Mohawk Valley – CADE
New York City – Staten Island Tech
Southern Tier – REV Ithaca
Southern Tier – IncubatorWorks
New York State's Certified Business Incubators offer a range of support to help get new and emerging businesses off the ground and put them on the path to success, with the goal of driving and directing growth. Incubators offer an array of business support services and resources, from finding physical workspaces and helping build capital, to initializing strategy and planning, and introducing new entrepreneurs to local businesses and networks. On average, companies can spend up to two years working alongside a business incubator, taking advantage of low-cost office space while gaining invaluable advice and expertise on best practices.
For a full list of NYSTAR’s Innovation Hot Spots and New York State Certified Business Incubators, visit https://esd.ny.gov/certified-business-incubator.
Funding for this program was included in Round XIII of the Regional Economic Development Council Initiative as part of the FY2024 Budget. The REDC process continues to support and empower regional stakeholders in developing strategic plans and funding priorities that meet local economic needs. Regional Councils reviewed projects from this program and provided scores that reflect how well a project aligns with a region’s goals and strategies. Applicants utilized the New York’s Consolidated Funding Application, the state’s single application for state resources, which includes programs for numerous agencies. It is designed to provide expedited and streamlined access to a combined pool of grant funds and tax credits from dozens of existing programs. A full list of Round XIII awards that have been made can be found here.
About the Consolidated Funding Application
The Consolidated Funding Application was created to streamline and expedite the grant application process. The CFA process marks a fundamental shift in the way state resources are allocated, ensuring less bureaucracy and greater efficiency to fulfill local economic development needs. The CFA serves as the single-entry point for access to economic development funding, ensuring applicants no longer have to slowly navigate multiple agencies and sources without any mechanism for coordination. Now, economic development projects use the CFA as a support mechanism to access multiple state funding sources through one application, making the process quicker, easier, and more productive. Learn more about the CFA here.
About the Regional Economic Development Councils
The Regional Economic Development Council initiative is a key component of the State’s approach to State investment and economic development. In 2011, 10 Regional Councils were established to develop long-term strategic plans for economic growth for their regions. The Councils are public-private partnerships made up of local experts and stakeholders from business, academia, local government, and non-governmental organizations. The Regional Councils have redefined the way New York invests in jobs and economic growth by putting in place a community-based, bottom-up approach and establishing a competitive process for State resources. Learn more at regionalcouncils.ny.gov.
About the Empire State Development
Empire State Development 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 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, 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
Press Release
Friday, November 10, 2023 - 9:53am
Productions Supported by the NYC Musical & Theatrical Tax Credit Provide Low- and No-Cost Tickets to Low- and Moderate-Income New Yorkers
Governor Secured Major Expansion of NYC Musical & Theatrical Production Tax Credit in FY 2024 Budget to Include Off-Broadway Productions
Governor Previously Made Transformative $450 Million Investment to Bring Back Broadway and Revitalize Tourism, Leading to Historic Visitation and Tourist Spending in New York in 2022
Governor Kathy Hochul today celebrated that more than 100,000 low- or no-cost tickets have been made available by Broadway and Off-Broadway productions participating in the NYC Musical and Theatrical Production Tax Credit. The deeply discounted tickets, which can be as little as $20, were sold to members of the community who might not otherwise have had the opportunity to experience a Broadway or Off-Broadway show. There are over 90 plays and musicals participating in the program that represent at least $1.7 billion in spending and more than 11,000 hires.
“New York is hitting a blockbuster milestone, with top Broadway and Off-Broadway productions making more than 100,000 discounted tickets available to New Yorkers,” Governor Hochul said. “Broadway is central to New York’s identity as a global hub for arts and culture, and my Administration will continue supporting this industry through the transformative New York City Musical & Theatrical Production Tax Credit.”
Empire State Development President, CEO and Commissioner Hope Knight said, “The arts in New York State, especially our Broadway and Off-Broadway productions, are one of our biggest assets, and one that every New Yorker should be able to experience. Today, we give our regards to Broadway, and the partnerships that have allowed us to reach this exciting milestone.”
Read the full press release here.
Public Notice
Thursday, November 9, 2023 - 2:00pm
View all grants to be presented at the batch virtual public hearing.
Press Release
Thursday, November 9, 2023 - 12:59pm
New Database Builds on Governor’s State of the State Commitment to Making State Government Work Better for New Yorkers
Access Database Here
Governor Kathy today launched the enhanced Database of Economic Incentives as part of her ongoing commitment to transparency and making state government work better for New Yorkers. First launched in 2021, the Database of Economic Incentives provides detailed, up-to-date data on economic development projects throughout New York State. The data is updated quarterly, published online and complements the information available on ESD's reports page. New York State’s Database of Economic Incentives is nation-leading in terms of number of programs and projects included, frequency of updates, and the number of data fields provided for each project. The updated database is available here.
“This new database of economic incentives is the latest step my administration is taking to improve transparency and restore New Yorkers’ trust in their government,” Governor Hochul said. “With a new user-friendly interface and up-to-date data on key projects, this new tool will help to shed light on economic developments initiatives throughout the state and make data more accessible to all.”
Empire State Development President, CEO and Commissioner Hope Knight said, “We are always striving for ways to improve transparency, especially around our incentive programs and these new enhancements have made the Database of Economic Incentives not only much more comprehensive, but easier to navigate. We are proud of the continued improvements being made to the database and as a result, we now have one of the largest databases of economic development projects in the nation, with 55 fields of data that presents information in a very user-friendly format.”
Read the full press release here.
Board Meeting
Thursday, November 9, 2023 - 11:00am
With Video Conferencing To:
Empire State Development - Long Island Regional Office, 115 Broadhollow Road - Suite 250, Melville, New York 11747
This meeting is open to the public.
Webcasting of the meeting is available by clicking the link below.
Due to building procedures, members of the public attending in-person at either location should please RSVP by 5:00 p.m. on Wednesday, November 8, 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 pm on Wednesday, November 8, 2023.
All comments received by the deadline will be distributed to the Directors prior to the meeting and will be posted online.
Press Release
Tuesday, November 7, 2023 - 10:49am
Digital Equity Plan Addresses Assets and Barriers for Affordable, Accessible and Equitable Broadband Across New York State
Draft Plans are Open through December 6, 2023
Empire State Development’s ConnectALL Office seeks public comment on three draft documents that describe how New York will bridge the digital divide in the state. The State’s Proposal for the deployment of Broadband Equity, Access, and Deployment (BEAD) funding, presented in two volumes, is the roadmap for $665 million in federal funding that ConnectALL will invest in internet infrastructure over the next five years. The State Digital Equity Plan presents the findings from an unprecedented statewide assessment of the assets and barriers to the adoption and use of internet service and the strategies the ConnectALL Office will use for federal digital equity funding when that is made available to New York in 2024.
The ConnectALL Office consulted with dozens of county and municipal governments, Tribal nations, workforce development organizations, and internet service providers, and partnered with digital equity coalitions in every region of the state to conduct stakeholder engagement events, gather data, and solicit feedback to inform the State’s plans. This included over 40 stakeholder focus groups with members of historically marginalized groups, dozens of stakeholder meetings and interviews, public listening sessions in each of the state’s ten regions and in each borough of New York City, multiple issue-based forums, and the first-ever Digital Equity Survey of New York residents with representative samples from key populations and across regions.
The Initial Proposal describes how the ConnectALL Office will determine the unserved and underserved locations that will be eligible for BEAD funding and the criteria it will use to select internet service providers to reach those locations. Following the public comment period, ESD’s ConnectALL Office will finalize the documents and submit them to the National Telecommunications and Information Administration (NTIA) at the Department of Commerce, which oversees the federal funding programs. Once NTIA has approved New York’s Broadband Deployment Initial Proposal, ConnectALL will begin the grant program with awards anticipated in 2025 based on the timeline of the federal program.
The State Digital Equity Plan is a requirement to receive federal funding from NTIA under the State Digital Equity Capacity Grant Program, though the amount of funding for New York and the associated rules have not yet been announced. ConnectALL will continue its public engagement as it develops the specific implementation plans once that funding is available, which is anticipated in 2024.
The public is encouraged to read the plans and submit public comment which will be open through December 6, 2023 by visiting these links:
New York State Digital Equity Plan (Spanish language available)
New York State Broadband Deployment Initial Proposal, Volumes 1&2
For more information, please visit the ConnectALL website at https://broadband.ny.gov/
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 NY," 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.
Contact:
ESD Press Office | [email protected] | (800) 260-7313