Celebrating One Year Anniversary of the Chips and Science Act
"As executive director of the Association tasked with developing policies that foster economic development and create/retain jobs while improving quality of life for all New Yorkers, our members thank Majority Leader Schumer and his entire team for their vision, leadership, and support. New York is poised to lead the next generation of semiconductor innovation and development.” Ryan Silva, NYSEDC
Governor Hochul announced that $39.6 million has been awarded for seven locations under the Focused Attraction of Shovel-Ready Tracts New York (FAST NY) grant program. First announced in February 2022 at the NYSEDC Economic Development Conference, the program is designed to prepare and develop sites across the state to jumpstart New York’s shovel-readiness and increase its attractiveness to large employers and high-tech manufacturing companies. The program will help diversify New York State’s economy while propelling new investments for businesses, communities, and job creation. | View details and watch the announcement here.
Oneida County: $14 Million for Shovel-Ready Sites that 'Support Semiconductor Supply Chain Attraction' | Read more
State awards $325K to develop neighboring business park for Micron spinoff companies | Read more at WROC Rochester
Painted Post awarded state funds to develop shovel-ready site | Read more.
Monroe County to be Awarded $20 Million through FAST NY Program to Develop Shovel-Ready Sites | Read more
Broome County IDA/LDC, The Agency, Receives $500,000 Grant from FAST NY | Read more from WICZ
State awards $325K to develop neighboring business park for Micron spinoff companies | Read more at WROC Rochester
AMD, the California-based designer of semiconductors, has established research and design facilities at two spots in upstate New York -- one in Monroe County and one in Dutchess County -- Gov. Kathy Hochul's office announced Tuesday. The company has committed to creating up to 165 new jobs by 2025 as a result of the project. | Read about it at Spectrum News.
Visum Development was just given over $2 million in tax breaks by the Tompkins County Industrial Development Agency (IDA) on August 9th for its affordable housing project called the Stately Apartments. The abatements will save an estimated 6.8% of the total project costs. The project will bring in over $1.3 million in additional tax revenue drawn from the property over a 30 year period. Those funds will be divided between the city of Ithaca, Tompkins County, and the Ithaca City School District. | The Ithaca Voice has the latest here.
Earlier this month state leaders unveiled the Adirondack Small Business Fund program. Under the program, Empire State Development is channeling $1 million to the Adirondack Economic Development Corporation (AEDC), a long-standing organization that has been fostering small business growth in 14 upstate New York counties since its inception in 1976. | Learn more at NBC5.
In the spring of 2023 CenterState CEO will embark on a 46,000 square-foot expansion of The Tech Garden building at 235 Harrison Street in Syracuse. The addition will support Syracuse's growth as a rising tech hub, with more incubation space and acceleration programming, and greater support for inclusive entrepreneurial growth for startups across industries. | Learn more here.
Invest Buffalo Niagara President & CEO Tom Kucharski shared his thoughts on the exciting growth of US high tech manufacturing with Authority Magazine. | See the Q&A here.
Developer is seeking assistance from the Hempsted IDA transit-oriented workforce housing. The applicant says the development addresses the “pressing need” for rental housing in the area and that the project will not be “financially viable” without the IDA incentives. | Read details at Long Island Business News.
2023 Partners for Workforce and Economic Development Conference
Registration and sponsorship opportunities are now open for the 2023 Partners for Workforce and Economic Development Conference. Register today to secure your spot at this event hosted by NYSEDC and NYATEP.
Welcome to NYSEDC's new Membership and Marketing Manager, Stephanie Cavalier
Last week, our organization welcomed Stephanie Cavalier to the NYSEDC team as Membership and Marketing Manager.
Stephanie recently moved back to New York from Austin, Texas, where she served as Communications Director for the non-profit organization the Children's Defense Fund--Texas. She also brings extensive experience working in and around Texas State government, including as Communications Director for a State Senator as well as experience with scheduling, fundraising, digital marketing, and campaign event planning.
Get the Recording: Downtown Revitalization Initiative + NY Forward Webinar
Last Wednesday, we co-hosted a webinar with the NYS Department of State, NYCOM, and NYSAC about round seven of the Downtown Revitalization Initiative and round two of the New York Forward program. You can access the full recording as well as the PowerPoint presentation below.
New York's Prison Redevelopment Commission seeks RFPs for Downstate Correctional Facility
New York's Prison Redevelopment Commission's work continues with the release of the first request for proposals for a site studied by the Commission: Downstate Correctional Facility in Fishkill. Submissions are due September 27th (updated from August 2nd).
The state of New York debuted its first cybersecurity strategy, including plans to modernize government networks, provide digital defenses at the county level and regulate critical infrastructure. The strategy, which Governor Kathy Hochul announced Wednesday, comes as an array of cyberattacks have battered New York, with the state's Division of Homeland Security and Emergency Services responding to 57 cyber incidents in 2022.
Governor Hochul Announces Expanded $55.5 Million Small Business Revolving Loan Fund 2
The Governor announced the expanded $55.5 million Small Business Revolving Loan Fund 2 to provide shorter-term microloans and regular loans "to address inequitable capital access by bridging the financing gaps facing new companies, under-banked communities and small businesses." Her team noted that this "builds on the success of the first round of the Small Business Revolving Loan Fund that launced in 20010 with $25 million in funding that achieved nearly $280 million in loans issued to small businesses.
The New York Power Authority has released its Integrated Report highlighting key milestones and achievements in 2022 and detailing their goals for the future.
