NYSEDC Latest News, March 27, 2023

eAdvance

Keeping NYSEDC members in touch and informed

March 27, 2023

REGISTRATION OPEN

2023 Spring IDA Academy

April 11, 9:00 a.m. - 4:30 p.m.

The Culinary Institute of America, 1946 Campus Drive, Hyde Park

CLICK HERE TO VIEW AGENDA

Projects, Communities, + People in the News

The New York City Economic Development Corporation (NYCEDC), in partnership with TMI Waterfront Services, has launched a first-of-its-kind offshore wind training program for Minority, Women-Owned, and Disadvantaged Business Enterprises (MWDBEs). The goal for this program is to eliminate barriers and increase participation in contracts. | Read More at NYCEDC

The Cayuga County Legislature formed a committee to explore ways to capitalize on the Micron project in neighboring Onondaga County. The committee is composed of public and private sector leaders, and has convened four subcommittees focusing on employment and training, energy, housing and planning. | Read More at the Auburn Citizen

The Town of Brookhaven has announced a Host Community Agreement with Sunrise Wind for enabling 18 miles of real estate access for its cable to carry electricity from the developers planned offshore wind power project. As part of the agreement, Sunrise Wind would pay a total of $169.9 million over 25 years, including $5 million towards construction of a Tri-Hamlet Park and projects in the community, according to a Suffolk County statement. | Read More at Long Island Business News

NYSEDC member Pfizer has entered into a definitive merger agreement with Seagen under which Pfizer will acquire Seagen, a global biotechnology company that discovers, develops and commercializes transformative cancer medicines. | Read More at Business Wire

The Center for Economic Growth (CEG) released a report highlighting the Capital Region's digital gaming cluster. Video game development is a 500 job strong force in the Capital Region, with studios planning to add dozens of more jobs over the next 12 months. CEG anticipates that new incubators and a recently launched NYS tax credit program targeting the digital gaming industry will lead to further growth and more studios coming to the region. | Read More at Center for Economic Growth

Zinc8 Energy Solutions CEO Ron MacDonald joined Steve Darling from Proactive to share news the company has received a $10 million influx of cash in the form of a tax-exempt revenue bond. The funding is provided to companies to advance the job opportunities, general prosperity, and long-term economic vitality of Ulster County residents by utilizing tax incentives, municipal bonds and other forms of financial assistance. This money is expected to be used for assembly and manufacturing of the Zinc-air Energy Storage systems. | Read More at Yahoo! Finance

Schrödinger to make $7.6M state-supported expansion in NYC. The physics-based computational platform plans to lease additional space at 1540 Broadway in Times Square, creating at least 80 new jobs and retaining 310 full-time jobs.| Read more at | New York Business Journal

The New York Power Authority has approved economic development awards to 22 firms that will spur more than $20 billion in capital investments and support 8,336 jobs – with 3,930 newly created. Included among the approved items is a Niagara hydropower allocation to Amazon and a ReCharge NY power allocation to Micron. The NYPA board also approved a low-cost hydropower allocation to the Village of Greene in Chenango County. | Read More at WNY Papers

NYSEDC Members NYU and Rochester Institute of Technology were recently recognized as top schools for both graduate and undergraduate game design programs by the Princeton Review. Both programs placed in the top 5 for each category. | Read More at The Princeton Review

Area Development polled its corporate executive readers at the end of 2022 to find out about their plans and priorities for 2023. Highlights include findings that; nearly 50 percent of respondents say recent government legislation, like the CHIPS and Science Act, Inflation Reduction Act, etc., will greatly or moderately affect their expansion and investment plans. | Click Here for a Full Breakdown of Survey Results

NYSEDC Annual Meeting - May 24 - 26, Otesaga, Cooperstown

Award Nominations Now Being Accepted

Nominate your peers and projects!

Each year, the New York State Economic Development Council recognizes the achievements of its members who have made an impact on their local and state economy. The NYSEDC awards ceremony will take place on May 24, 2022 at our annual meeting.

Nominations are now being accepted for the following categories:

Economic Developer of the Year

Project of the Year

Excellence in Marketing

Rising Star

Lifetime Achievement

Submission deadline: Friday, April 28, 2023, close of business

NYSEDC Events

NYSEDC Spring IDA Academy

April 11, 2023

Hyde Park

NYSEDC Annual Meeting

May 24-26, 2023

Cooperstown

Basic Economic Development Course

June 19-22, 2023

Albany

Partners for Workforce & Economic Development Conference

Oct. 23-25, 2023

Syracuse

NYSEDC Fall IDA Academy,

November 9, 2023

Lyons Falls

NYSEDC JOBS BOARD

MRB Group is seeking an

Economic Development

Analyst.

Ithaca Area Economic Development is seeking a Business Services Specialist.

The Amsterdam IDA is seeking a Community & Economic Development

Director

The International Economic Development Council is seeking a Marketing Associate for Grants & a Marketing Associate for Content

Greene County Economic Development is seeking an Economic Development Specialist.

The Schoharie County Industrial Development Agency (SCIDA) is seeking an Executive Director.

Herkimer County IDA is seeking an Administrative Assistant.

The NYCEDC is seeking a Project Manager of Business Development.

REQUESTS FOR PROPOSALS

The Westchester County Office of Economic Development

seeks a consultant to assess the county's Life Sciences sector.

Proposals are due May 8, 2023.

To share your news, post jobs, RFPs or Digital Sponsorship

Shelby Schneider

The Bigger Picture

Department of Commerce Outlines Proposed National Security Guardrails for CHIPS for America Incentives Program

The U.S. Department of Commerce released a Notice of Proposed Rulemaking for the guardrails included in the CHIPS Incentives Program to advance America’s technological and national security. The national security guardrails are intended to ensure technology and innovation funded by the CHIPS and Science Act is not used for malign purposes by adversarial countries against the United States or its allies and partners. | Read the Proposed Guidelines Here

More Students Are Turning Away From College and Toward Apprenticeships

The Wall Street Journal published a story covering the increasing rates at which apprenticeship programs have grown over the past decade. Today, colleges and universities enroll about 15 million undergraduate students, while companies employ about 800,000 apprentices. In the past decade, college enrollment has declined by about 15%, while the number of apprentices has increased by more than 50%, according to federal data and Robert Lerman, a labor economist at the Urban Institute. About 40% of apprenticeships are now outside of construction, and programs are expanding into white-collar industries such as banking, cybersecurity and consulting |

Read the Full Article Here

New York State Policy and Programs

Global NY is Recruiting Companies for Arab Health

Global NY is looking for New York's Economic Development Allies to help recruit ten to fifteen New York based companies in the Disposables, Healthcare & General Services, Healthcare Transformation, Medical Devices, Imaging, IT, and/or Medical Equipment industries to join a New York Pavilion at Arab Health.

Qualified businesses are small or medium sized companies (under 500 employees globally). The business needs to operate in New York State and needs to manufacture, assemble and/or distribute a product, or provide an exportable service.

The product or service for export should contain at least 51% New York State content. The cost of a pavilion with individual booths and entrance to some sponsored events will be covered by Global NY. The co-registration fee will be the responsibility of the participating companies.

Click Here to Learn More about this Opportunity

Empire State Development Announces Mid-Hudson Momentum Fund

The $150 million Mid-Hudson Momentum Fund program is designed to respond to the recent influx of new residents to the Mid-Hudson region.

It will focus on mixed-use housing and infrastructure projects that will have lasting impacts in the Mid-Hudson Region and are consistent with the strategic goals and priorities of the Mid-Hudson Regional Economic Development Council’s strategic plan.

This includes projects that:

Have garnered community support
Will result in increased affordable housing
Leverage non-State investment
Are financially sound
Can begin quickly

Learn More about the Program and Find Eligibility Requirements Here

North Country Alliance Webinar To Feature Jon Cardinal

North Country native working as Senator Schumer's

Economic Development Director

The North Country Alliance is launching a speaker series on April 19 from 12:00 - 12:45 PM. Cardinal will offer insights on federal spending bills, what opportunities they offer the region, cover resources available to local organizations, and discuss the types of projects most likely to succeed.

Click Here to Register for the Webinar