June 4, 2021 Newsletter
Members in the News
With help from the Nassau County IDA, the Paint Applicator Corp. of America will construct a 21,300-square-foot addition to its existing 91,250-square-foot facility.With help from the Rensselaer County IDA, a new video game studio accelerator is closer to its $5M fundraising goal.
NYPA has opened their Utica Visitor Center.
The Seneca County Industrial Development Agency is exploring the possibility of a new site for an industrial park.
With help from the Brookhaven IDA, Winters Bros. Waste Systems has closed on its purchase of 228 acres in Yaphank, where it plans to develop 2.5 million square feet of industrial space.
The Town of Bethlehem IDA is issuing COVID-19 relief grants to small businesses.
NYPA's economic development awards will create more than 100 jobs in Western New York and spur $145 million in private capital investments.
With help from the Suffolk County IDA, Contract Pharmacal Corp. in Hauppauge plans to add 25 jobs over the next two years.
The EPA has named the Griffiss Business and Technology Park the winner in the Superfund National Priority List BRAC Award category.
With help from Empire State Dev and NYCEDC, ground has been broken on the first phase of Bronx Point, which will include the permanent home of the Universal Hip Hop Museum.
People and Projects in the News
Governor Andrew Cuomo has announced an $800 million Small Business Recovery Grant Program for economic hardships suffered as a result of the pandemic. Applications for the program will be accepted starting June 10.
Wright’s Landing in Oswego has re-opened after $3.5 million investment and renovation.
A former prison in Orange County is being redevelopment for cannabis production.
Governor Andrew Cuomo has announced nearly $42 million in repavement projects for key interstates in the Finger Lakes Region.
A food co-op and education center are planned for an empty building on the West Side of Syracuse.
A federal push is underway for millions toward infrastructure upgrades in the Hudson Valley.
After 50 years, the MTA has wrapped up ‘major construction’ on $11.1 billion East Side Access project.
Airports in Wappingers Falls, Montgomery, Ellenville and other areas in the Hudson Valley have been awarded funding for major upgrades.
RFP
The town of Kingston has issued an RFP for an independent consultant to assist in the creation of an Economic Recovery Plan for the City of Kingston. Proposals are due on June 23.
National and International News
The Organization for Economic Cooperation and Development said the global economy is expected to recover from the coronavirus pandemic faster than expected this year, as vaccinations in advanced economies and an enormous fiscal stimulus package in the United States unleash pent-up business activity and job creation.
The U.S. is experiencing dramatic cost escalation and material pricing pressures, both locally and abroad.
The U,S. housing market is experiencing an unprecedented market primarily driven by the pandemic, in which prices have spiked and brokers have to work harder than ever to secure a property for their clients.
NYSERDA Updates
An additional $30 million is now available through NYSERDA's DriveClean Rebate program.NYSERDA has announced $5.4 million is available to develop and support Integrated Energy Data Resource.
NYSERDA and Confederation of Danish Industry (DI), Denmark’s largest private business and employers’ organization, announced the signing of a Memorandum of Understanding (MOU) designed to enhance collaboration on decarbonizing high-rise buildings in New York State.