Tag: Empire State Development
A $2.8-million investment from Innovate NY—matched by $21.5 million in private equity—is spurring the development of a biotech cluster in New York City.
The ribbon cutting ceremony recognized the expansion and installation of the company's new manufacturing lines and its solar array, which is currently under construction.
To encourage the company to proceed with its expansion in Penn Yan and build on the industry's growth in the State, Empire State Development (ESD) will provide performance-based Excelsior Jobs Program tax credits.
There may be fewer projects to aim for in the highly competitive environment of a recovering economy, but those who hope to succeed must find a way that distinguishes them from the rest of the field. Here are the organizations who have established a consistent standard of excellence and embraced the best practices to secure the projects that bring bundles of new jobs to their locations.
A key strategy of the NYCREDC is to foster innovation by investing in projects and programs that are going to create the industries, businesses and jobs of the future. Innovation industries grow in clusters, where entrepreneurs, venture capitalists, researchers and potential clients are constantly interacting, exchanging ideas and drawing upon a concentration of talent.
New York has created 10 Regional Economic Development Councils. CEO Kenneth Adams explains the state’s strategy. From the September/October 2012 issue