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Press Release

Monday, July 11, 2022 - 1:00pm
16,000-Square-Foot Museum Offers Engaging Exhibits and Interactive Programming for Children of All Ages Museum Breathes New Life into Historic Landmark with Modern Facility That Expands Options for Young Families in 'Park of the Arts' Governor Kathy Hochul today announced the grand opening of the Children's Museum at Saratoga following a $3.1 million renovation project to relocate the Museum to the historic Lincoln Bathhouse on Broadway in Saratoga Spa State Park. The fully accessible 16,000-square-foot facility is the first major public facing operation in the Lincoln Bathhouse since the 1990s. The project, which is supported by a $600,000 Empire State Development grant, as well as other public grants and private donations, joins a growing list of public-private partnerships in the park that make up the Park of the Arts initiative. "The opening of the Children's Museum adds another major attraction to our growing list of partners in the beautiful, natural setting of Saratoga Spa State Park," Governor Hochul said. " The Park of the Arts initiative will continue to define Saratoga Springs as a year-round destination for world class arts programming, and this project marks a major milestone in our efforts to restore and reactivate the National Historic Landmark structures throughout the park." Occupying three of the original bathing wings, the Children's Museum features rebuilt and refurbished exhibits, plus a new slate of STEM exhibits where visitors can experiment and learn with hands-on activities. A mock grocery store includes a register with a fully functional scanner, while the fire station's interactive screen lets guests extinguish a virtual fire. Children can pick vegetables at the farm exhibit, record a news segment at the museum's news station, or scoop ice cream and learn how it's made at the ice cream parlor. Built with universal accessibility in mind, the museum also features a calming room that provides quiet space to decompress with soothing tactile elements. Read the full press release here.
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Press Release

Friday, July 8, 2022 - 2:00pm
Expansion of Operations to Create More Than 270 New Jobs in the Village of Fairport and Town of Gates, Addressing Growing Demand in the Semiconductor Market $5 Million New York State Investment Complements "Finger Lakes Forward" - The Region's Comprehensive Strategy to Revitalize Communities and Grow the Economy Governor Kathy Hochul today announced support for Corning Incorporated's investment to grow its operations in the Finger Lakes region. The company will expand operations at two Monroe County locations, aimed at meeting demand in the rapidly growing semiconductor market and supporting increasing stability in this vital supply chain. Corning's expansion efforts will create over 270 new jobs at its Village of Fairport location, which is scheduled to be completed in 2024. This will include the expansion of its administrative and manufacturing facilities, as well as the establishment of a Development and Engineering Center of Excellence nearby. Additionally, the company will equip a new Laser Optics production facility at Jetview Drive in the Town of Gates, which is targeted for completion in 2023. "Corning has been an important part of the fabric of New York State manufacturing for nearly 170 years as a global leader in specialty glass and ceramics," Governor Hochul said. "I am proud to support the company's investments in Monroe County as we demonstrate New York's continued commitment to fostering the growth of innovative businesses that will move our communities forward and further cement New York as the national hub for semiconductor manufacturing." Read the full press release here.
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Press Release

Thursday, July 7, 2022 - 4:01pm
Supports Transformative Projects to Strengthen Long Island's Economy ESD to Administer Fund in Coordination with LIREDC For More Information, Visit the LIIF Webpage Here Empire State Development (ESD) Directors recently approved announced the framework for the $350 million Long Island Investment Fund (LIIF), a new fund that will support transformative projects to strengthen Long Island’s economy. Included as part of Governor Hochul's historic FY 2023 budget, the Long Island Investment Fund will focus on large-scale projects that will support and grow the regional economy, enhance communities, and have lasting impacts across the Long Island region. Empire State Development will administer LIIF and manage the project selection process, application administration, and ongoing reporting by awardees. To assist ESD and to encourage robust public engagement, the Long Island Regional Economic Development Council (LIREDC) will review applications, conduct outreach, and perform initial vetting of LIIF projects. The LIREDC will make recommendations to ESD in line with the project selection criteria.  The Long Island Investment Fund will prioritize the following goals: Positioning Long Island and New York State to lead in cutting edge sectors, including innovation, biotechnology, life sciences, and biomedical investments. Investing in main street revitalization with a clear nexus to economic growth, job creation and/or attraction of private sector investment. Expanding workforce development, training, and career-focused educational opportunities for residents of Long Island from all backgrounds.  Empire State Development Board Chairman Kevin Law said, “Under Governor Hochul’s leadership, we are making investments to support projects and initiatives that will reenergize Long Island’s economy. The Long Island Investment fund will create opportunities to help local development priorities, attract new businesses that will create jobs, and help the region thrive.” Empire State Development President, CEO and Commissioner Hope Knight said, “Through a strategic and collaborative process, the Long Island Investment Fund will catalyze economic growth, create jobs, and prepare the region’s workforce of tomorrow. By investing in Long Island communities, New York is expanding opportunities that will create a brighter future for present and future generations of Long Islanders.” LIREDC Co-Chairs Linda Armyn, Senior Vice President of Corporate Affairs at Bethpage Federal Credit Union, and Dr. John Nader, resident of Farmingdale State College said, “The Long Island Investment Fund will have a significant impact on the future of the region, one that will invest in the economy and workforce of our communities. We are grateful to Governor Hochul for her support of Long Island as we work to create a better future for its residents and businesses.” The Long Island Investment Fund will be allocated into three programs: Transformative Projects ($250M) $250 million will be allocated to support transformational projects that will foster future regional development. Of the $250 million, $100 million will support large scale real estate development projects. These catalytic developments may be multi-year, and multi-phased but must be either ready to commence construction within three years of being selected for funding or be completed within seven years. The remaining $150 million will support all other projects that must have the potential to develop or redevelop sites into job creation engines. Business Plan Competition ($50M) $50 million will be allocated for an annual business competition for approximately five years. The Business Plan Competition will also leverage a Business Accelerator entity, which will work collaboratively with Long Island universities and research institutions to select life science start-up businesses that possess the potential for permanent high wage job creation and a high likelihood of successful technology commercialization. The Long Island business competition will be designed to complement other New York State business competitions. The Business Plan Competition will select promising new companies in life sciences, health technology, and medical devices that will be job creation engines in the region’s future. The Business Competition will be operated by an entity selected through a competitive Request for Proposals (RFP) issued by ESD.       Workforce Development ($50M) $50 million will support one or more entities that will build and operate a center to train or re-train Long Island’s workforce to meet the needs and opportunities of regional industry. The goal will be to work cooperatively with high schools, colleges, and universities and local industry to develop curriculum and offer hands on training at a centralized location. ESD will issue an RFP for the development and operation of one or more regional workforce training centers, to be modeled after successful centers throughout the U.S. Senator John E. Brooks said, ““The Long Island Investment Fund is a direct result of collaboration and cooperation and I am proud to have advocated for this funding in the budget. This important funding will be transformational for Long Island communities and I would like to thank Governor Hochul and my fellow Senators for taking action to ensure a better future for Long Island.” Senator James Gaughran said, “I want to thank Governor Hochul for her collaboration with the Legislature in establishing the Long Island Investment Fund.  This money will help transform and revitalize Long Island's economy, attracting new business and supporting our downtowns.  As we emerge from the pandemic, the Investment Fund will put shovels into the ground for many of the projects that have long been on hold.” Senator Anna M. Kaplan said “the Long Island Investment Fund is a big deal for Long Island, and I was proud to fight for it to be included in this year’s state budget. At a time when there is so much uncertainty in our economy, and so many businesses are making decisions about where to put down roots in a post-pandemic world, the Long Island Investment Fund provides a golden opportunity to invest in big projects that will make our region more attractive for private investment, make our communities more vibrant, and support significant job creation. In addition to big investments in transformative projects, the fund will also support small businesses that are innovating in our growing healthcare and life science sectors by spurring competition and leveraging some of our region’s great research institutions. If we’re going to keep our region competitive and grow our economy, its going to take investments in innovation that keep the best and brightest minds right here on Long Island.” State Senator Kevin Thomas said, “I am thrilled that the Long Island Investment Fund is committed to bringing transformative economic growth to our region. Long Islanders know the value our local economies hold, and these funds will further support ongoing efforts to successfully revitalize our communities, expand job opportunities, and attract cutting-edge industries. I look forward to working with our partners in government and community leaders to ensure their specific needs are met to maximize meaningful economic impact.” 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 primaryadministrative 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
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Report

Tuesday, July 5, 2022 - 5:35pm
This report serves as the June 2022 quarterly update to the COVID-19 Pandemic Small Business Recovery Grant Program Report. COVID-19 Pandemic Small Business Recovery Grant Program Report - June 2022 Update
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Press Release

Tuesday, July 5, 2022 - 3:47pm
Promotes Revitalization of Communities by Redeveloping or Eliminating Blighted Structures Register Here for Instructional Webinar to be Held Wednesday, July 13 at 10 a.m.  Governor Kathy Hochul announced today that the Restore New York grant program will open on July 11. This $250 million program encourages community development and neighborhood growth through the elimination and redevelopment of blighted structures. Restore New York is open to municipalities to support projects that focus on demolishing, rehabilitating and restoring residential, commercial and mixed-use buildings. The program, administered by Empire State Development is designed to help local governments revitalize their communities and encourage commercial investment, improve the local housing stock, put properties back on the tax rolls and increase the local tax base. Grants will be awarded in two rounds this year, with $100 million available in the first round and $150 million available in round two.  "I have traveled to every corner of the state and have seen first-hand the potential that lies in so many of New York's blighted, older buildings," Governor Hochul said. "These spaces once had purpose and are now in need of funding and vision to breathe new life into neighborhoods. Restore New York funding gives localities the resources to transform abandoned and neglected properties, helping rebuild and strengthen communities across the state."   Empire State Development President, CEO and Commissioner Hope Knight said, "Restore New York gives municipalities the support they need to create real change in their communities, especially their downtown centers.  By removing or rehabilitating eyesores that bring down a neighborhood, municipalities have opportunity to revitalize their community and generate new economic opportunities."  The goal of Restore New York is to help attract residents and businesses by redeveloping residential, commercial, and mixed-use properties. Each project should align with the regional strategic plan of the Regional Economic Development Council and projects should be either architecturally consistent with nearby and adjacent properties or consistent with the municipality's local revitalization or urban development plan.  Read the full press release here.
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Press Release

Tuesday, July 5, 2022 - 3:43pm
Up to $14.25 Million Available Through Federal American Rescue Plan Grant Will Support Efforts of State's Destination Marketing Organizations Application Portal and Program Guidelines Available Here Empire State Development (ESD) today announced the application launch for the New York State EDA Tourism Partner Sub-Awards Grant Program, designed to support the post-pandemic recovery of the state's travel, tourism and outdoor recreation sectors. Up to $14.25 million in federal COVID-19 recovery funding will be competitively sub-awarded to the state's Destination Marketing Organizations (DMOs) for marketing projects that aim to attract visitors to New York State by promoting tourism programs based on the Division of Tourism’s EDA areas of focus: outdoor recreation, international tourism, and travel trade including Meetings, Incentives, Conferences and Exhibitions (MICE), amateur sports and group travel. ESD President, CEO and Commissioner Hope Knight said, "Under Governor Hochul's leadership, and with the support from our colleagues in the federal government, New York State continues to rebuild and revitalize its tourism industry. Using funding awarded through an American Rescue Plan grant, ESD will support efforts by regional tourism partners to generate increased visitation and revenue in areas primed for growth, reviving this essential state sector." The program's goal is to positively impact New York State’s tourism industry by making strategic investments in programs and organizations that are working to generate economic growth for New York State and its vacation regions. Through the program's competitive grant process, ESD will ensure that funding is impact-driven and awarded projects are responsive to the program's intended focus. New York State is concentrating on sectors most in need of help, or areas representing the most promising opportunity for growth. Funding is open to New York State DMOs, and grant requests must equal or exceed $250,000. A DMO is defined as non-profit organization that promotes a location as an attractive travel destination. DMOs can include, but are not limited to, tourist boards, tourism authorities, tourism offices, tourism promotion agencies, and convention and visitors' bureaus.     ESD Vice President and Executive Director of Tourism Ross D. Levi said, "These competitive sub-awards to our DMO partners will, on a local and regional level, complement the work I LOVE NY will be doing statewide in tourism segments that represent terrific opportunities for growth. Outdoor recreation, international travel and tourism related to meetings, conferences, amateur sports and group travel are vital to our state's tourism economy and are areas in which New York can really excel. We are excited for the opportunity to expand our promotional work in these areas in this multifaceted way." More information, including program guidelines and the grant funding application, is available here. In 2021, the United States Economic Development Administration made $750 million in funding available from the American Rescue Plan to states and communities through its Travel, Tourism and Outdoor Recreation program. New York State applied for, and was awarded funding, with ESD designated as the agency to oversee and administer the grant. Of the $510 million allocated specifically to states, New York was awarded nearly $45 million – the second highest amount of any state. Other funding from this award will enhance I LOVE NY's programmatic work and efforts in the identified EDA areas of focus, and will support similar tourism-related efforts of other specified New York State agencies. 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. Using 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, visit www.regionalcouncils.ny.gov  and www.esd.ny.gov. About New York State New York State is a premier vacation destination with world-class attractions, picturesque natural beauty, locally sourced cuisine and a booming craft beverage scene, an array of accommodations, and iconic, year-round festivals and events. Its 11 diverse vacation regions feature some of the world’s top ranked beaches; two out of America’s top three favorite state parks; breathtaking Niagara Falls; more ski areas than any other state; one of the nation’s longest foliage seasons; multiple Halls of Fame; North America’s longest, fastest and highest zipline; the largest publicly protected area in the contiguous United States; and the country’s longest multi-use trail. Add in the state’s unique museums, historic landmarks, cultural sites, charming small towns and urban playgrounds, and it’s no wonder New York has been consistently chosen as a top getaway by travel publications and experts.  To help plan your next New York State vacation, please visit www.iloveny.com. Contact: ESD Press Office | [email protected] | (800) 260-7313
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Report

Friday, July 1, 2022 - 5:31pm
The Restaurant Return-To-Work Tax Credit Program incentivized COVID-impacted restaurants to bring restaurant staff back to work and to increase hiring at NYS restaurants. View Report
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Press Release

Thursday, June 30, 2022 - 11:30am
$8.8 Million Project Will Create Increased Laboratory Space and Move CBET to New Scotland Avenue Location Empire State Development (ESD) today announced that Albany College of Pharmacy and Health Sciences (ACPHS) is expanding its $8.8 million growth plans for the Stack Family Center for Biopharmaceutical Education and Training (CBET) in Albany County, acquiring a 154,000 square foot, state-of-the-art medical and life sciences facility located at 150 New Scotland Avenue that is uniquely designed for life science research. The College plans to renovate laboratory space located at the facility and install highly specialized biopharmaceutical laboratory equipment. CBET is the first training center of its kind in New York State and the only one in the nation to be founded at a pharmacy school. The new labs will be a key differentiator in biomanufacturing training and will create a robust and sustainable pipeline of skilled talent for bio-based companies in the State. ESD President, CEO and Commissioner Hope Knight said, “Investing in training the next generation of skilled biopharmaceutical professionals will help to strengthen New York State’s life sciences industry and continue our leadership in finding cutting-edge solutions that can both save, and better, our lives. New Yorkers have a unique appreciation for scientific advancement, and the Stack Family Center for Biopharmaceutical Education and Training (CBET) expansion project will contribute to the growth of the critical industry.”  Greg Dewey, President, Albany College of Pharmacy and Health Sciences said, “Albany College of Pharmacy and Health Sciences students will directly benefit from the opportunity to work professionally alongside life science, biopharma, biomed, and bio-tech companies that utilize the facility for research and development, resulting in unparalleled employment opportunities in some of the fastest growing and economically lucrative health science industries. The facility will attract future generations of students to ACPHS because of the unique academic, research, and post-graduate opportunities available at the College.” CBET is ACPHS’s response to the rapidly growing biopharmaceutical field and the need for an educated workforce, which is considered an impediment to the growth and expansion within the life sciences industry. The Center will provide knowledge and hands-on experience to bring innovative biopharmaceuticals to patients. This project will build and renovate laboratory space to create new Quality Assurance/Quality Control (QA/QC) and Cell and Gene Therapy labs, and to install and support the operation of highly specialized biopharmaceutical laboratory equipment. This initiative will leverage industry and government partnerships to deploy cutting edge biopharmaceutical manufacturing technology, supporting current and future workforce demands while promoting economic growth. The project is being supported by a $1.75 million ESD capital grant, recommended by the Capital Region Economic Development Council. CREDC Co-Chair Dr. Havidán Rodriguez said, “I am excited about the plans for growing the Stack Family Center for Biopharmaceutical Education and Training (CBET) in Albany County. This Albany College of Pharmacy and Health Sciences project expansion further spotlights the Capital Region as a vibrant ecosystem for life science research, innovation and training. In strengthening a skilled talent pool to meet company needs, projects like these are growing the regional and state economy.” After discussions with industry partners, ACPHS determined that additional space was needed for CBET. The newly acquired space on New Scotland Ave is adjacent to the ACPHS campus, which provided the opportunity to move CBET closer to the College and expand its campus footprint. CBET was first established at the Albany Nanotech Complex, which is owned and operated by NY CREATES, where the Center will continue to lease space while utilizing the New Scotland Avenue property to meet growing demands. New York State continues to invest in and support projects that grow the life science workforce and industry. The $620 million Life Science initiative was enacted to spur the growth of a world-class life sciences research cluster in New York, and expand the state's ability to commercialize this research and grow the economy. This multi-faceted initiative includes $320 million for strategic programs that attract new life science technologies to the state, promote critical public and private sector investment emerging life science fields and create and expand life science-related businesses and employment throughout New York. The life sciences sector encompasses the fields of biotechnology, pharmaceuticals, biomedical technologies, life systems technologies, and includes organizations and institutions that devote the majority of their efforts to the various stages of research, development, technology transfer and commercialization. By strengthening incentives, investing in facilities, and improving access to talent and expertise, New York will significantly increase its share of industry-funded research and development, support the commercialization of existing academic research, and usher in the next generation of advanced technologies. Beyond the advancements in science, this initiative will position New York as a magnet for emerging manufacturing-based enterprises, bolstering regional economies and creating thousands of jobs. State Senator Neil Breslin said, “I am pleased that the Albany College of Pharmacy and Health Sciences has decided to expand its footprint here in the City of Albany. The Stack Family Center for Biopharmaceutical Education and Training (CBET) is the first training center of its kind in New York State. The new biopharmaceutical labs will generate a robust and sustainable pipeline of skilled talent for the numerous bio-based companies in the State.” Assemblymember Patricia A. Fahy said, “I am thrilled to see this expansion of the Albany College of Pharmacy and Health Sciences’ Center for Biopharmaceutical Education and Training (CBET). We are building an impressive and powerful life sciences cluster here in the Capital Region and this investment will only cement that commitment moving forward. As a strong supporter of investments like these in the life sciences that drive economic growth and create good-paying jobs, such as this project and the $750 million Wadsworth consolidation and upgrade initiative we secured this year, I am pleased to see this investment.” Assemblymember John T. McDonald III, RPh said, "Today's closing on the new location of CBET is an exciting and strategic next step in the Albany College of Pharmacy and Health Sciences (ACPHS) effort to continue to do what it has always done - train those who will be working in the pharmaceutical world.  New York State is a leader nationally in the life sciences and here locally in the Capital Region we are bearing witness to that focus.  Retiring President Dewey should be commended for his vision and I am confident CBET's success will grow significantly under incoming President Tofade.  Thank You to Governor Hochul and the team at ESDC for their commitment and interest in this idea generated over four years ago which is now a major education and workforce facility to train tomorrow's biopharmaceutical employees." Albany County Executive Daniel P. McCoy said, “When you invest public funding into important projects like this, even more private dollars will follow. I’m proud that New York continues to build up Albany County’s life sciences industry cluster, which is a fundamental piece of our local economy, a key source of well-paying jobs for residents, and a magnet for future investment. By expanding this state-of-the-art education and training center at the nationally-ranked College of Pharmacy, we can attract top talent to the area to further advance technology and research, and we can also ensure we have the workforce to support our continued economic growth here in the Capital Region.” Albany Mayor Kathy Sheehan said, “The expansion of the Albany College of Pharmacy’s CBET will enhance equity for Albany’s residents by expanding access to workforce training opportunities in the life science and public health fields. This program will build on the Albany College of Pharmacy’s successes with The Collaboratory in Albany’s South End and have a tremendous impact not only in New York’s Capital City but across our state and nation, especially as we recover from this pandemic and prepare for future public health crises. Thank you to Governor Hochul, Empire State Development, and the Capital Region Economic Development Council for providing the funding necessary to make this vital expansion a reality.” 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. Using 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, visit www.regionalcouncils.ny.gov and www.esd.ny.gov. Supporting images available here and here. Contact: Kristin Devoe (ESD): [email protected] | (518) 414-1087 ESD Press Office: [email protected] | (800) 260-7313
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Board Meeting

Thursday, June 30, 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, June 29, 2022. All comments received by the deadline will be distributed to the Directors prior to the meeting and will be posted on-line.
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Board Meeting

Thursday, June 30, 2022 - 8:30am
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 Noon on Wednesday, June 29, 2022. All comments received by the deadline will be distributed to the Committee Members prior to the meeting and will be posted online.
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