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Keeping NYSEDC members in touch and informed

July 8, 2024

The IDA Academy provides training for Industrial Development Agency (IDA) staff and executives on a variety of issues to help operate an IDA office more effectively, including best practices, tools, and public policy. The NYSEDC administers this program in partnership with its IDA members, state agencies, and other industry experts. This course fulfills Authorities Budget Office (ABO) training requirements for IDA Board Members.


Questions about registration or sponsorship? Contact Stephanie Cavalier, Membership and Marketing Manager, for more information.

REGISTER FOR THE ACADEMY
SPONSORSHIP OPPORTUNITIES
Projects, Communities, + People in the News

The U.S. Department of Commerce has awarded a phase two Regional Technology and Innovation Hubs (Tech Hub) grant of $40 million to the New York Semiconductor Manufacturing and Research Technology Innovation Corridor (NY SMART-I Corridor) consortium. The consortium comprises the Western NY, Finger Lakes, and Central NY regions and is convened by the Buffalo-Niagara Partnership, ROC2025, and CenterState CEO. | Read More at Finger Lakes Daily News.

The head of the New York City Economic Development Corporation talks about Mayor Adams' embrace of public-private partnerships, how the failed 2012 Olympics bid rejuvenated the city and the perils of raising chickens in Brooklyn. | Read the Interview on The Real Deal.

The Town of Brookhaven IDA has closed on a package of economic incentives for an affiliate of Tritec Real Estate for the next phase of its sprawling Station Yards mixed-use development in Ronkonkoma. Called Phase 2B, the next portion of the Station Yards project will bring 175 rental apartments, 1,400 square feet of retail space and a parking garage to accommodate 247 cards on a 3.9-acre site. | Read more at the Long Island Business News.

Buffalo's Power Puzzle: Much of Western New York's electrical grid is near capacity, with usage expected to skyrocket. Billions of dollars of upgrades are in the works, but are they happening fast enough to meet demand? | Buffalo Business First has more on the issue here.

Op-Ed in Rochester Business Journal from NYSEDC's newest board member Joseph Sayre: the "new energy" that we've been talking about at Rochester Gas & Electric is creating a lot of buzz around town. That "new energy" was the excitement we all felt at the Coca-Cola and fairlife, LLC groundbreaking in Webster. That announcement proves that will reliable power comes endless possibilities. | Read the Op-Ed here.

Construction has begun on Edwards Vacuum's dry pump manufacturing facility in Alabama, New York, Genesee County. The company, which manufactures vacuum and abatement equipment for the semiconductor industry, is investing $319 million into the project. The 240,000-square-foot campus will feature manufacturing, warehouse, and administration facilities. | Read more at Plant Services.

The New York Power Authority (NYPA) and an LS Power affiliate submitted joint proposals to the New York Independent System Operator for the Five Boro Energy Connect, a set of transmission upgrades that could bring up to 8 GW of offshore wind to New York City by 2033. | Utility Drive has more on the project here.

Sunrise Wind, New York's largest offshore wind project, has received approval of its Construction and Operations Plan (COP) from the U.S. Department of the Interior's Bureau of Ocean Energy Management (BOEM), which is the final decision needed from the federal agency to move the project toward the start of offshore construction. At 924 megawatts, Sunrise Wind will generate enough clean energy to power nearly 600,000 New York homes. | Learn more about the project through Clean Technica.

On June 25th the Broome County Industrial Development Agency (IDA) held a public information webinar to outline the review and design process behind the proposed Broome Technology Park spanning the towns of Maine and Union. | More here from WBNG News 12.

A new study by the Center for Economic Growth (CEG) finds that local manufacturing jobs are the highest in two decades. Data from the state Department of Labor finds that the Capital Region only trails the Buffalo area in manufacturing job gains. | Read about the study at the Times Union here.

Constellation Brands, one of the leading global manufacturers of beverages, has relocated its headquarters to downtown Rochester. The Fortune 500 Company is now based in Rochester's downtown historic Aqueduct Building. Constellation Brands renovated six buildings between East Main and Broad Streets in the 170,000-square-foot riverfront Aqueduct campus. | See more on Spectrum News.

NYSEDC EVENTS

Summer IDA Academy

Holiday Inn - Binghamton

July 25, 2024


Registration Now Open!

Partners in Workforce & Economic Development Conference

Rochester, NY

October 21 - 23, 2024

NYSERDA is seeking an Assistant Director, Economic Development.


NYATEP is seeking an Executive Director.


The Town of Bethlehem is seeking a Senior Economic Developer.


Mohawk Valley EDGE is seeking a Marketing and Communications Manager.


The Columbia Economic Development Corporation (CEDC) is seeking a Senior Economic Developer and an Economic Development Project Manager.


All Job Postings

REQUESTS FOR PROPOSALS

Madison County, in partnership with the Village of Canastota and the NYS Canal Corporation, is seeking responses on the development of the 160 Center Street site in Canastota, NY. This project has received a $1.5M grant through the New York Power Authority and NYS Canal Corporation's Reimagine the Canals Initiative. The RFQ will be open until August 7th. Find the RFQ here.


The City of Binghamton is seeking proposals for the purchase / redevelopment of the parcel at 69 Collier Street. Proposals are due by 10:30am on October 2. Find the RFP here.

Share your news, post jobs, RFPs with us! Email updates to Steph Cavalier.

2024 Partners for Workforce & Economic Development Conference

October 21-23, 2024 | ROCHESTER HYATT REGENCY | 125 E Main St, Rochester, NY 14604

Call for Presentations


Are you interested in presenting at this year's event? 2024 workshop topics include: Workforce & Economic Development Collaboration, wraparound services including WiFi, Childcare, Transportation, and Housing, Diversifying the Workforce, Infrastructure & Government, and Professional & Skill Development. The last day to submit is July 19! CLICK HERE FOR DETAILS

The Bigger Picture

U.S. Administration Announces Next Funding Round of $504 Million for 12 Tech Hubs Across America


$504 million in implementation grants was announced through the Tech Hubs Program to 12 tech hubs to scale up the production of critical technologies, create jobs in innovative industries, strengthen U.S. competitiveness and national security, and accelerate growth of industries of the future.


Among the awardees was the NY SMART I-Corridor Tech Hub in New York, awarded an estimated $40 million. This award brings $40 million in federal funding, with matching funds from New York State, to support semiconductor innovation, manufacturing, workforce training and business attraction, solidifying the region as a global leader in this industry. 


See the announcement here.

New York State Policy and Programs

NYS Department of State and NYSERDA release Draft Clean Energy Standard Biennial Review 


This Report summarizes the progress made toward the renewable energy and zero emission goals set by the CLCPA since the establishment of New York State’s Clean Energy Standard (CES), assesses what remains to be done to achieve those goals, presents policy options and proposals, and invites comments from stakeholders and the public on these or any other matters raised in this Report. CLICK HERE TO READ BIENNIAL REVIEW

Moving In, Moving Out: The effects of domestic migration on populations and regional incomes in the Hudson Valley

Hudson Valley Pattern for Progress released a new report that examines the latest batch of migration data from the federal government. The data, released on July 28, show that the Hudson Valley lost more people to domestic migration than it gained in 2021, a transition year that included the first expansive rollout of Covid-19 vaccines, the end of many mask mandates, and a record number of home sales throughout the region. The data also show the aggregate amount of adjusted gross income that moved with the households.  Previous studies by Pattern have found that three demographic factors – outward migration, declining birth rates, and a growing wave of retirements among the baby boomer generation – are exerting significant stress on the regional workforce.

CLICK HERE TO READ MOVING IN MOVING OUT
NYSEDC | nysedc.org | 518.426.4058
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