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Press Release

Friday, March 3, 2023 - 2:15pm
Village of Coxsackie to Receive $4.5 Million; Villages of Kinderhook and Cambridge to Receive $2.25 Million Each New $100 Million NY Forward Program Builds on Momentum of the Successful Downtown Revitalization Initiative to Support a More Equitable Downtown Recovery for New York's Smaller and Rural Communities Governor Kathy Hochul today announced that the Village of Coxsackie will receive $4.5 million, and the Villages of Kinderhook and Cambridge will each receive $2.25 million in funding as the Capital Region winners of the first round of NY Forward. Building on the momentum of the State's successful Downtown Revitalization Initiative, the $100 million NY Forward program adopts the same "Plan-then-Act" strategy as the DRI to support a more equitable downtown recovery for New York's smaller and rural communities. As part of NY Forward Round One, two to three awards will be made to smaller communities in each of the state's ten economic development regions to support development and implementation of a revitalization plan for their downtowns. "New York's small towns are huge drivers of our state's economy - that's why we're investing in local communities to give residents the jobs, the tools, and the infrastructure they need to thrive," Governor Hochul said. "These investments will help the Villages of Coxsackie, Kinderhook, and Cambridge re-imagine their downtowns, enhance quality of life for residents and visitors, and create new job and business opportunities across the Capital Region." NY Forward is a central component of the State's economic development efforts, working together with DRI to accelerate and expand the revitalization of New York's downtowns. NY Forward serves smaller communities with historic character that distinguishes them from the larger, more urban central business districts typically funded through DRI. NY Forward communities are walkable, less dense areas that serve the immediate local community, and are more local in nature - focusing on the immediately surrounding residential or rural agricultural centric development. Like DRI, each NY Forward community will develop a Strategic Investment Plan to revitalize its downtown through a slate of readily implementable projects. The Department of State will provide enhanced technical assistance to better support smaller communities that may have less capacity as part of the NY Forward program and fund projects appropriately scaled to the size of each community. Projects may include building renovation and redevelopment, new construction or creation of new or improved public spaces and other projects that elevate specific cultural, historical qualities that enhance the feeling of small-town charm. Read the full press release here.
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Press Release

Friday, March 3, 2023 - 2:00pm
Downtown Revitalization Investments are a Critical Part of the State's Comprehensive Economic Development and Community Growth Strategy State to Work with Residents, Community Leaders and Public Officials to Revitalize Downtown Cohoes Traducción al español Governor Kathy Hochul today announced that the City of Cohoes will receive $10 million in funding as the Capital Region winner of the sixth round of the Downtown Revitalization Initiative. For the Downtown Revitalization Initiative Round 6, each of the state's 10 economic development regions are being awarded $10 million, to make for a total state commitment of $100 million in funding and investments to help communities boost their economies by transforming downtowns into vibrant neighborhoods.   "By investing in Cohoes' downtown, we are ensuring the prosperity of this beautiful and welcoming community that residents and visitors have long enjoyed," Governor Hochul said. "This funding will ensure that all of Cohoes, from its stunning waterfalls to lively downtown, can be a place where residents work, play, and thrive for generations to come."   The Downtown Revitalization Initiative (DRI) serves as a component of the State's economic development policy by transforming downtown neighborhoods into vibrant centers of activity that oer a high quality of life and attract businesses, jobs and economic and housing diversity. 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 transformative potential and leverage further private and public investments. The Department of State will then award DRI funds to selected projects with the greatest potential to jumpstart revitalization and realize the community's vision. Read the full press release here.
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Press Release

Thursday, March 2, 2023 - 5:02pm
Village of Cooperstown to Receive $4.5 Million; Villages of Sharon Springs and Dolgeville to Receive $2.25 Million Each New $100 Million NY Forward Program Builds on Momentum of the Successful Downtown Revitalization Initiative to Support a More Equitable Downtown Recovery for New York's Smaller and Rural Communities Governor Kathy Hochul today announced that the Village of Cooperstown will receive $4.5 million, and the Villages of Sharon Springs and Dolgeville will each receive $2.25 million in funding as the Mohawk Valley winners of the first round of NY Forward. Building on the momentum of the State's successful Downtown Revitalization Initiative, the $100 million NY Forward program adopts the same "Plan-then-Act" strategy as the DRI to support a more equitable downtown recovery for New York's smaller and rural communities. As part of NY Forward Round One, two to three awards will be made to smaller communities in each of the state's ten economic development regions to support development and implementation of a revitalization plan for their downtowns. "Ensuring small towns and cities have the resources they need to thrive is critical to New York's economic resurgence," Governor Hochul said. "These investments will help the Village of Cooperstown, Sharon Springs, and Dolgeville develop their downtowns, improve the quality of life for residents and visitors, and create new jobs and attract businesses to expand economic opportunity across the region." NY Forward is a central component of the State's economic development efforts, working together with DRI to accelerate and expand the revitalization of New York's downtowns. NY Forward serves smaller communities with historic character that distinguishes them from the larger, more urban central business districts typically funded through DRI. NY Forward communities are walkable, less dense areas that serve the immediate local community, and are more local in nature — focusing on the immediately surrounding residential or rural agricultural centric development. Like DRI, each NY Forward community will develop a Strategic Investment Plan to revitalize its downtown through a slate of readily implementable projects. The Department of State will provide enhanced technical assistance to better support smaller communities that may have less capacity as part of the NY Forward program and fund projects appropriately scaled to the size of each community. Projects may include building renovation and redevelopment, new construction or creation of new or improved public spaces and other projects that elevate specific cultural, historical qualities that enhance the feeling of small-town charm. Read the full press release here.
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Press Release

Thursday, March 2, 2023 - 5:00pm
Downtown Revitalization Investments are a Critical Part of the State's Comprehensive Economic Development and Community Growth Strategy State to Work with Residents, Community Leaders and Public Officials to Revitalize Downtown Kirkland and Clinton Governor Kathy Hochul today announced that the Town of Kirkland and the Village of Clinton will jointly receive $10 million in funding as the Mohawk Valley winner of the sixth round of the Downtown Revitalization Initiative. For DRI Round 6, each of the state's 10 economic development regions will be awarded $10 million, to make for a total state commitment of $100 million in funding and investments to help communities boost their economies by transforming downtowns into vibrant neighborhoods. "Our Downtown Revitalization Initiative allows communities across New York to execute their vision to transform and improve their downtowns for residents and visitors alike," Governor Hochul said. "With this funding, Kirkland and Clinton will be able to increase their housing supply and modernize their infrastructure while enhancing the historical character of the downtown area." The DRI serves as a component 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 businesses, jobs and economic and housing diversity. 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 transformative potential and leverage further private and public investments. The Department of State will then award DRI funds to selected projects with the greatest potential to jumpstart revitalization and realize the community's vision. Read the full press release here.
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Press Release

Thursday, March 2, 2023 - 4:57pm
Fourteen Projects Across the State Will Leverage More Than $6.3 Million in Public/Private Funding to Support More Than 3,700 Trainees for Over 100 Business Partners Governor Kathy Hochul today announced the New York State Office of Strategic Workforce Development has awarded more than $7 million in grants to fourteen projects across the state through the second round of the Workforce Development Capital and Pay for Performance Grant Programs. These grants will support the training of more than 3,700 workers through collaboration between training providers and more than 100 employer partners in fields like advanced manufacturing, renewable energy, and construction. The Office, which operates under Empire State Development, is charged with supporting workforce development programs and practices to ensure New Yorkers are prepared to meet the needs and priorities of today's employers. "The most important investment we can make is in the people of New York," Governor Hochul said. "Our new Office of Strategic Workforce Development will support the needs of New York's businesses while providing resources to training programs that are removing long-standing barriers to the training and skills necessary to thrive in the workforce of the future." The first round of awards for the Office of Strategic Workforce Development which was announced late last year, awarded more than $6 million and will leverage more than $4 million in public/private funding and support nearly 3,000 trainees for over 100 business partners. The grants awarded to fourteen projects today will support employer-driven, high-skilled workforce training programs and reward innovative approaches and best practices that reduce the barriers to participation for high-need communities. The $35 million Capital Grant Program will support the capital needs of workforce training providers that seek to enhance or expand their offerings. The $115 million Pay for Performance Grant Program has two funding tracks: Flexible Operating Grants that help providers cover programmatic expenses like curriculum development and wraparound services to prepare New Yorkers with in-demand skills and industry-recognized credentials; and Capacity-Building Awards, a data- and metrics-driven approach to scale up proven workforce training programs actively placing graduates in good jobs. Using achievement-based awards, workforce training providers will receive funding to expand the capacity of successful programs with high placement rates and effective wraparound services. Empire State Development President, CEO and Commissioner Hope Knight said, "Our Office of Strategic Workforce Development is making smart and strategic investments in programs that will provide New York State's workforce with the tools they need to succeed in an ever-changing business climate. By focusing on in demand skills and trades that are needed today as well as tomorrow, we are providing essential building blocks that are needed now and for future generations. " Read the full press release here.
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Report

Wednesday, March 1, 2023 - 1:14pm
Empire State Development oversees administration of the Empire State Musical and Theatrical Tax Credit Program, which is designed to encourage music and theatrical production companies to conduct pre-tour activities, technical rehearsals and to perform shows at locations in Upstate New York, home to some of the premier regional venues for musical and theatrical production. This report reflects activity during calendar year 2022. The information presented includes the number of productions that applied and projected spending and estimated credits for qualified production projects deemed eligible to participate in the Program. Musical and Theatrical Tax Credit Program: 2022
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Press Release

Monday, February 27, 2023 - 4:00pm
Budget Includes $211 Million for Department of Transportation Capital Projects; $113 Million for Local Road and Pothole Repairs Includes $100 Million Investment to Help University at Buffalo Significantly Increase its Research Activity by 2030 Traducción al español Governor Kathy Hochul today announced details of key proposals from her Fiscal Year 2024 Executive Budget to grow jobs and boost the economy in Western New York. In line with the 2023 State of the State, the budget includes a major investment to increase housing supply and expand economic opportunity and innovation in the region. "As a Buffalo native, I am proud to say that brighter days are ahead for Western New York," Governor Hochul said. "Through these critical investments in housing, education, and infrastructure, I'm committed to securing a budget that delivers for the region. Together, we will make Western New York more prosperous, more affordable, more livable and safer for the next generation of New Yorkers." Several of the budget proposals Governor Hochul announced today are in line with the Economic Innovation Plan announced in the 2023 State of the State to grow jobs and businesses by expanding economic opportunity and innovation across New York State through targeted investments, business support and other programming aimed at high-growth industries. The Governor's budget includes several initiatives to invest in higher education and improve local attractions across the state. Read the full press release here.
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Report

Friday, February 24, 2023 - 1:17pm
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Press Release

Thursday, February 23, 2023 - 1:15pm
Budget Includes Over $151 Million for Department of Transportation Capital Projects in the Southern Tier; Over $23 Million for Local Road and Pothole Repairs Includes $50 Million for Binghamton University to Continue Establishing Hub for Battery Technology Innovation Traducción al español Governor Kathy Hochul today announced details of key proposals from her Fiscal Year 2024 Executive Budget to grow jobs and boost the economy in the Southern Tier of New York. In line with the 2023 State of the State, the budget includes a major investment to increase housing supply and expand economic opportunity and innovation in the region.    “Through these transformative investments in housing, innovation, education, and infrastructure, we are building a better, brighter future for everyone who lives in the Southern Tier,” Governor Hochul said. “With this funding, cities and towns across the region can revitalize their neighborhoods, create more opportunity for New Yorkers, and make their communities safer, more affordable, and more livable to ensure everyone has the opportunity to pursue the New York Dream.”  Several of the budget proposals Governor Hochul announced today are in line with the Economic Innovation Plan announced in the 2023 State of the State to grow jobs and businesses by expanding economic opportunity and innovation across New York State through targeted investments, business support and other programming aimed at high-growth industries. The Governor's budget includes several initiatives to invest in higher education and improve local attractions across the state.  Read the full press release here.
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Press Release

Wednesday, February 22, 2023 - 3:20pm
New York's Flagship Eat Local, Drink Local Program Has Delivered Over $100 Million in Economic Impacts Open House at the Finger Lakes Welcome Center Highlights New York State Farmers and Agricultural Producers and Regional Tourism Offerings Series of Celebrations Planned at Taste NY Markets Across the State in 2023 Governor Kathy Hochul today kicked off the State's 10-year anniversary celebrations for Taste NY, New York's official 'eat local, drink local' program, at a special open house at the Finger Lakes Welcome Center in Geneva. The event showcased the diversity and uniqueness of New York State's farmers and food and beverage producers, as well as regional tourism destinations. Today's celebration marked the first in a series of events that are planned across the state in recognition of the 2023 10-year milestone and the program's success, which has brought over $100 million in economic impact to New York State producers. "Over the last decade, Taste NY has become a recognizable brand known for quality, creativity, and passion," Governor Hochul said. "Taste NY is a cornerstone of our mission to promote New York's farmers and producers, showcasing the best food, beverage, and gift products from businesses in every corner of our great state. I'm proud to announce the year-long celebration of Taste NY's tenth anniversary today and look forward to continuing to support our agri-businesses and the breadth of our local New York products." Taste NY has grown significantly since its launch and products can now be found at nearly 70 locations across New York State, including the 11 regional Welcome Centers, airports, State parks, the Javits Center, and more. Over the last decade Taste NY has also partnered with major sports venues, such as MVP Arena and the Blue Cross Arena, and formed partnerships with high profile event organizers to bring Taste NY products to major sporting events such as the PGA Tour, the 2023 FISU World University Games, and the Saratoga Race Course. Read the full press release here.
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