$55 million investment helps revive former Dresser-Rand plant in Olean. The project will help create 246 jobs in Cattaraugus County County. CCIDA says it's happy to award because the county expects to make $7 for every $1 that’s invested — estimating upwards of $300 million in total profit. | Read more at WGRZ
The Riverhead Industrial Development Agency accepted an application from Calverton Aviation & Technology to transfer the property in the Enterprise Park at Calverton (EPCAL) from Riverhead’s Community Development Agency to its IDA. CAT said it plans to spend $245 million to acquire and develop the initial 1 million square feet at EPCAL. It claims that the construction of the first phase of the project will result in 235 full-time equivalent construction jobs, with salaries and benefits of about $21 million. | Read more at LIBN and Riverhead News Review
The Business Council of Westchester and Historic Hudson Valley Blaze a New Trail in Search of Talent. More than 125,000 tri-state visitors to the Great Jack O’Lantern Blaze will participate in one of the largest workplace talent searches ever held at a live event in Westchester County. | Read more at Yonkers Times
Check the pulse of the Life Sciences in the Capital Region by reviewing CEG’s 2022 Life Sciences Cluster Profile, which shows +6,300 jobs, $96M in university bio R&D, $73M in NIH awards, 672 biological & #biomedical sciences degrees, & more. | Read more here
The Hudson Valley film industry had a record-breaking year, and its continued success is drawing top industry talent to the area. The region has seen an influx of people relocating from Los Angeles, a major film industry hub, and the numbers add up – applications for local film crew positions have quadrupled from 2019 to 2021. | Read more at Spectrum News1
The Genesee Valley BOCES has hosted the recently completed Cornell in High School Dairy Processing Bootcamp and the start of the Genesee Valley Pre-Apprenticeship bootcamps that connect high school graduates from the GLOW region with local manufacturers within the dairy processing industry and mechatronics field. | Read more at The Batavian
National Grid economic development programs assist Watertown Family YMCA | Read more here
Brookhaven IDA closed on incentive packages to fuel cell electric power generators in Holtsville and Setauket. The new fuel cells will be owned by subsidiaries of Northville Industries, the Melville-based petroleum company which houses a oil-tank farm in Holtsville, where one of the cells will be located on a 2,000-square-foot lot. The other will take up 3,000 square-feet of a 54-acre Northville terminal on Belle Meade Road in Setauket. | Read more at Newsday
The CHIPS Program Office announced the first offerings of the CHIPS for America Webinar Series. The topic for the first set of webinars is to review the recently released CHIPS for America Strategy PaperTuesday, September 27, 2022 11:00 AM - 12:00 PM EDT: CLICK HERE TO REGISTER
Biden names former Cuomo appointee to help guide CHIPS Act funding. Michael Schmidt was named director of CHIPS Program Office at Commerce Department, which decides who gets portions of $52 billion in federal funding. | Read more at Albany Times Union
Round 2 is open for New York’s $40M Biodefense Commercialization Fund - deadline to apply - Oct 6, 2022, 5pm
The Biodefense Commercialization Fund was established to accelerate the development and commercialization of life science research innovations that address serious infectious disease health threats while creating jobs and encouraging continued growth across New York State's expanding life science industry. | Learn More
The New York State Seed Funding Grant Program Now Open
Last week, NYSEDC Executive Director Ryan Silva was appointed to the International Economic Development Council (IEDC) Board of Directors at the 2022 Annual Conference in Oklahoma City, Oklahoma. IEDC’s Board of Directors is comprised of 55 voting members whose duty it is to serve as a steward of IEDC’s vision, mission, values and resources. Their board members are experienced leaders in the economic development field dedicated to IEDC and the economic development profession.
Ryan Silva attended the 50th Anniversary Celebration of the Steuben County IDA on September 15. The IDA unveiled a series of videos commemorating the agency’s 50 years of service to the Steuben County community. This compilation features current and past board members, community leaders, and business managers discussing the impact the organization has had and how the IDA has evolved. View the videos here.
NYSEDC Deputy Director, Shelby Schneider, served as a panelist on the How We Work Now panel at City and State's Future of Work Summit, Thursday, September 15th at The Museum of Jewish Heritage in New York City.
NYSEDC hosted a GREEN CHIPS WEBINAR on Wednesday, September 14 for NY Loves Nanotech Partners and semiconductor and microelectronics stakeholders from across the U.S. Empire State Development discussed the recently enacted Green CHIPS legislation and how it can be implemented across New York State.
The NYSERDA New Construction – Commercial (NC-Commercial) Program supports the design, development, and construction of carbon neutral buildings, reducing their energy consumption and per capita carbon emissions while ensuring the buildings are more resilient. Through NC-Commercial, NYSERDA offers technical support and financial incentives to Applicants and their design teams to identify and install energy efficiency, electrification, and carbon reduction opportunities to achieve Carbon Neutral Ready levels of performance in non-residential and mixed-use new construction, adaptive reuse, change of use, and substantial renovations to existing buildings. Learn More | Click Here to Subcribe to Updates
