September 17, 2021 Newsletter
Members in the News
With assistance from the Nassau County IDA, ground was broken on a project transforming a long-vacant property into rental and for-sale housing units. The property taxes on the condo portion will generate about $125 million in property taxes over 25 years.
LandPro Equipment broke ground on their 50,000 SQ FT facility in the town of Batavia, New York with assistance from the Genesee County EDC.
Cornell is working to address workforce development and technological issues in New York State through a number of outreach programs.
New York’s new $40 million Biodefense Commercialization Fund is now accepting grant applications.
The Ulster County IDA is working with the Westchester Medical Center Health Network to bring back services and jobs to the county.
Craft beer and brewing programs continue to expand at Schenectady County Community College.
The Westchester IDA is launching a pre-apprenticeship program designed to create construction careers for county residents.
With assistance from the Nassau County IDA, Nassau Candy is investing $3 million in its Hicksville facility, adding 20,000 square feet of space and new machinery adding five jobs and preserving another 621.
RIT’s Saunders College of Business celebrated the expansion and renovation of Max Lowenthal Hall with a ceremonial groundbreaking Aug. 31, doubling the size of RIT’s business college, adding more than 35,000 square feet.
People and Projects in the News
Niagara County has received $300,000 through the state’s consolidated funding application for the county’s microenterprise grant program.
With assistance from the NYSHCR, a new, energy-efficient, $42 million development has opened offering affordable and supportive housing for 93 senior households in Clarkstown.
Round 5 of the Luminate NY competition is open. Learn more here.
Broadway is opening back up in New York City.
More than a half-dozen pharmaceutical businesses on Long Island have announced expansion projects since early 2020.
A new 52,000 square foot studio space is one part of a plan to build more motion picture resources in the Hudson Valley.
Public and private investment are at a record high in Erie County.
North country arts venues have received over $2.6 million in combined grants to help save performing arts in the region.
A USDA meat processing plant is being planned in Lewis County, initially creating ten jobs in the first year and expanding over the next five years.
National and International News
The SBA has announced major enhancements to the COVID Economic Injury Disaster Loan program including increasing the COVID EIDL cap, implementation of a deferred payment period, and expansion of eligible use of funds.
The Federal Reserve reported the U.S. economy "downshifted slightly" in August as the renewed surge of the coronavirus hit dining, travel and tourism, but the economy overall remained in the throes of a post-pandemic rush of rising prices, labor shortages and stilted hiring.
The share of people living in poverty in the United States fell to a record low last year as an enormous government relief effort helped offset the worst economic contraction since the Great Depression.
NYSERDA Updates
$6 million is now available over three years to support 150 Climate Justice Fellowship opportunities for individuals across the state currently residing in historically disadvantaged communities or from priority populations.The New York State Energy Research and Development Authority and the New York City Department of Housing Preservation and Development are partnering on a $24 million pilot program to fund electrification activities in affordable housing.