Empire State Development
Economic development creates opportunities to grow state, local and metro areas, which are essential for economic growth, improved quality of life and community development. Empire State Development articles below.
The Empire State is busy building a high-tech future that includes a $5-billion advanced materials sector, more than 100,000 advanced manufacturing jobs and the top hub for research in semiconductors and nanotechnology.
The major expansion of the train manufacturer’s Steuben County operations is supported by $30 million from New York’s Upstate Revitalization Initiative.
Hill-Rom Holdings is eligible for more than $13 million in potential grants and incentives for its growth in Skaneateles Falls, NY.
Seisenbacher Rail Interiors Inc. will create more than 50 new jobs at its Rochester, NY manufacturing facility.
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.
Canadian manufacturer of cookies will expand facility in Perry and increase employment.
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