eAdvance

Keeping NYSEDC members in touch and informed
January 17, 2023
2023 STATE OF THE STATE
 On January 10, Governor Hochul has released the 2023 State of the State Book, outlining budgetary and policy initiatives her administration plans to pursue this year.


The NYSEDC is currently reviewing Governor Hochul’s State of the State. We will continue to provide updates/analysis as more information becomes available and once the budget proposals are released. If you have any questions or would like to provide feedback directly to us, please do not hesitate to reach out and share your thoughts to
Executive Director Ryan Silva. We will make sure our members voices are heard throughout the process and help develop policies and programs that will grow New York’s economy.
Projects, Communities, + People in the News
State Sen. Sean Ryan, now overseeing $4B in economic spending, plans push for high-paying jobs in Western New York. Sen. Ryan, was appointed last week to lead a committee overseeing more than $4 billion in annual economic development spending, wants to use the position to ensure tax dollars are spent to create not just jobs, but good-paying ones. Ryan also plans greater scrutiny of industrial development agencies, entities formed by local governments to promote economic development. | Read more at Buffalo News
On January 9th, the Oneida County IDA voted unanimously to appeal a state Supreme Court, appellate division, decision, preventing it from using eminent domain to secure a Utica parcel on behalf of the Mohawk Valley Health System. The parcel in question is the planned spot for a parking area to accompany a medical office building MVHS broke ground on in December 2022. | Read More at the Observer Dispatcher
NYSEDC Member, Harris Beach PLLC, releases IDA Legislative Update – New Laws Affecting Industrial Development Agencies and Authorities Adopted. | Click here to read full report
In Central New York, a test of the CHIPS and Science Act’s promise for economic revitalization. The developments in Syracuse signal a new kind of industrial policy taking shape in regions across the country, which will play host to large manufacturing plants like Micron’s semiconductor facility. | Read more at Brookings
The Business Facilities Platinum Deal of the Year Award recognized New York’s Empire State Development for attracting Micron Technologies to the state with a planned investment of up to $100 billion. | Read more at Business Facilities Magazine
Ontario County has commissioned Philadelphia-based Urban Partners to conduct a study, in hopes of better understanding its housing problem. An online survey has been created, and Urban Partners and Ontario County officials are talking with groups around the county about housing concerns. | Read More at Finger Lakes Daily News
Life sciences development in New York City appears poised to make the city and industry hub. The percentage of life sciences space that is leased is growing rapidly, reaching 433,000 square feet in 2021, nearly triple the level of the year before, a trend which continued in 2022. Life sciences inventory is projected to more than double — to 4.64 million square feet — by 2025.| Read More at Commercial Observer
Rocket Science Corporation, an international video game developer, will turn the old Glenville firehouse into its new headquarters. A move expected to create 30 new jobs. The space would also include the Capital District Gaming Studio, which would act as a video game incubator and game developer certification facility. Empire State Development, announced plans for the project, including a $200,000 construction grant and $1.26 million in tax credits through the Excelsior Jobs Program. | Read More at The Daily Gazette
The Seneca County IDA has proposed an incentives package to bring a 3 megawatt solar facility, built by Kanagy Solar Farm LLC, to the town of Romulus. A public hearing is scheduled for the proposed incentives which include a 15-year payment-in-lieu-of-taxes agreement, an exemption from the mortgage recording tac, and an exemption from sales tax on materials, supplies and equipment needed for the project. | Read More at Finger Lakes Times
Kinley Construction, an oil and gas company that started in Western New York but moved to Texas is returning with a new facility in Wellsville NY. Kinley Construction is moving into the former Dresser-Rand building and work on complex steam turbines will once again take place in the major manufacturing facility. | Read More at the Wellsville Sun
The Brookhaven IDA is providing economic incentives to Sunrise Wind LLC for its $37.8 million project to redevelop a vacant 59,525-square-foot building in East Setauket. The facility will house operations and maintenance for Orsted North America Inc. and Eversource Investment LLC, joint-venture partners and offshore wind developers. The developers anticipate employing 65 workers at the facility within two years of its expected completion in 2024, according to an IDA statement. | Read More at LIBN
Tech:NYC compiled a list of 100 reasons to get excited about the state of the tech industry in New York. The list details various victories, strengths and assets that have NYC poised to continue its current growth as a tech hub. | Read More at Tech:NYC
New York approves siting for upstate solar projects with 309 MW output. Two EDF Renewables projects with 219 MW of capacity will be deployed in Jefferson County, where National Grid has identified the need for additional distributed generation resources. One AES project with 100 MW capacity was approved..| Read more at PV Magazine
The Orange County Partnership has released their 2022 annual report detailing accomplishments of the organization from the past year. These include successful attraction efforts and several notable expansions as well. | Read the Report Here
Taking a Look at Westchester’s Economic Forecast in 2023. Bridget Gibbons, Director, Westchester County Office of Economic Development in Westchester County, along with local leaders, is celebrating numerous signs of a true economic recovery over the past year…and looking forward to an even better 2023. | Read more at Westchester Magazine
Village of Herkimer working on plan to revitalize Main Street corridor through state brownfield program. | Read more at WKTV
NYSEDC Events
NYSEDC Economic Development Conference
March 1-3, 2023
NYSEDC Spring IDA Academy
April, Dutchess Cty
NYSEDC Annual Meeting
May 24-26, 2023
Basic Economic Development Course
June 19-22, Albany
NYSEDC Fall IDA Academy, November, Lewis County
New NYSEDC Member
Associated Builders & Contractors - Empire State Chapter is seeking a Member Services Coordinator.

The Chautauqua County Department of Planning and Development (CCDPD) is seeking two Special Projects Coordinators.

Advance Albany County Alliance is seeking a Receptionist

Greene County Economic Development is seeking a County Planning Director


NYS Office of Homes and Community Renewal is seeking a Senior Economic Developer

Genesee County Economic Development Corporation is seeking an Operations Assistant

Clarkson University is seeking a CAMP Business Development Director

Allegany County is seeking a
To share your news, post jobs or request for proposals
Climate Action Council Final Scoping Plan
Public Hearing - January 19, 10am
On Thursday, January 19th the legislature will be hosting a joint committee hearing to examine the legislative and budgetary actions necessary to implement the Climate Action Council Final Scoping Plan. While oral testimony is by invitation only, there is an opportunity to provide written testimony. We would encourage our members to share their perspectives. Written testimony must be submitted no later than 5 p.m. on the day of the hearing to financechair@nysenate.gov. Submit testimony or watch live here.
Industry Expansion + Attraction
New York State Economic Development Council joined federal, state and local leaders at Plug Power last week where Governor Hochul announced Plug Power's $125M manufacturing facility in Albany County, NY is complete. Supported by Empire State Development $45M in performance-based Excelsior Jobs Tax Credits.

The project will create 1,600+ new, green jobs & grow New York's green economy and serve as a magnet for future renewable energy investments. Congratulations to Advanced Albany County Alliance, Center for Economic Development, Empire State Development, NYSERDA, NYPA.
NY Loves Nanotech was proud to host the ISS Soiree at SEMI Industry Strategy Symposium in California last week. The team gained exceptional semiconductor industry connections & insights on economic trends, market drivers, geopolitics, & tech that will drive economic growth and opportunity for all residents of New York.

The Bigger Picture
$1.6 Billion Appropriated to EDA for 2023
The recently signed Consolidated Appropriations Act, 2023, appropriates $1.6 billion to the EDA for Fiscal Year 2023. The funding will allow the EDA to expand its targeted and transformational economic development investments, including funding the Tech Hubs and RECOMPETES Pilot programs, expanding our Build to Scale and STEM Talent Challenges, supporting communities impacted by natural disasters, and expanding economic development assistance programs. | Read More Here
Three Big Challenges Facing the Food & Beverage Industry
While every industry — and everyone — has faced disruptions over the last couple years, the food and beverage industry has been disrupted on an almost unimaginable scale. | Read more at Area Development
As More People Return to the Office, Here’s How the 2023 Workplace May Get a New Look
As employers shift away from remote work and bring employees back to the office, the next phase of pandemic-related workplace design is expected to kick into gear as employers reimagine how and where they bring employees back. Read more at CoStar
Federal Reserve Bank of New York Regional Economic Data
New York State Policy and Programs
Empire State Development Announces Launch of Initiative to Support Innovation & Growth for Manufacturers in Western NY
On January 11, Empire State Development announced Shift 2.0, a program designed to move small to medium-sized manufacturers from technology exploration and education to actual technology implementation. The expansion will enable EWI to help companies overcome leading barriers to technology adoptions, including the implementation of rapidly re-deployable automation solutions on their factory floors. | Learn More about the Program Here
Governor Proposes Office of Semiconductor Expansion, Management, and Integration in 2023 State of the State Address
Governor Hochul announced the creation of a new office dedicated to the expansion of the semiconductor industry in New York in the 2023 State of the State address. The “Governor’s Office of Semiconductor Expansion, Management, and Integration” will coordinate the work of independent agencies within state government as it relates to the pending Micron project in Central New York. | Read More at Binghamton Homepage
$30 Million Pre-seed and Seed Matching Fund Program Announced
The Pre-Seed and Seed Matching Fund Program, a $30 million program which will offer early-stage start-up companies $50,000 to $250,000 in growth assistance which they will match with funds from private sector co-investors, was announced on January 5th. The program is designed to support the development of businesses in high-growth industries, and the creation of "21st century jobs".

Funding for the program comes from the State Small Business Credit Initiative, part of the federal American Rescue Plan, to support small businesses, especially those owned by socially and economically disadvantaged individuals and very small businesses which traditionally do not receive sufficient access to capital or support. | Learn More about the Program Here
NYSERDA Launches Large-Scale Renewables Request for Information
NYSERDA has issued a Request for Information (LSRRFI23-1) related to the recently approved marginal capacity accreditation market design adopted by the New York Independent System Operator, Inc. NYSERDA is seeking feedback to inform proposed changes to existing and future Renewable Energy Certificate (REC) and Offshore Wind Renewable Energy Certificate (OREC) Purchase and Sale Agreements that utilize the Index REC and Index OREC pricing mechanisms. The comment period for LSRRFI23-1 ends on February 3, 2023, at 3:00 p.m. Read the Full Details of the RFI Here.
NYSEDC 2023 Economic
Development Conference
March 1-2, 2023 at Hilton, Albany
Thank You to our sponsors of the
NYSEDC Economic Development Conference Sponsors
Diamond Sponsors
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