November 12, 2021 Newsletter
Members in the News
With assistance from the Empire State Development, a former bakery will be turned into apartments in Syracuse.
The Chautauqua County IDA has started the process to assist Region 9 UAW Housing Corp. as it converts a former high school into senior housing.
With assistance from the Seneca IDA, Keystone Mills LLC is undergoing a major expansion of it operations, including the purchase of additional land for a new building and adding additional full-time jobs.
A proposed cannabis growing and processing facility is coming to Washington-Warren thanks to assistance from the IDA.
With assistance from the Brookhaven IDA, a new Walmart Supercenter opened at the Boulevard mixed-use development in Yaphank, creating over 400 jobs.
The Suffolk County IDA recently gave preliminary approval for a $12.3 million project with New York Cancer Specialists to help the company consolidate all of its back office and administrative functions, while creating 50 new, high-paying jobs.
With help from the New Rochelle IDA, 524 apartments will be built at Westchester Place, creating 500 construction jobs, 18 full-time equivalent positions and 4 part-time positions.
The Town of Hempstead IDA is assisting in the creation of an affordable housing complex in Baldwin, generating 75 construction industry jobs.
Two factory expansions totaling more than $16.5 million in private investment are coming to Hamburg with help from the IDA.
Erie County and Uniland are breaking ground on 150,000 sq. ft. Distribution and Advanced Manufacturing Facility at Renaissance Commerce Park in Lackawanna.
People and Communities in the News
Phase 2 has started on the Ronkonkoma Hub, a major mixed-use development in Brookhaven.
Casinos and construction are among businesses recovering in Central New York post-COVID.
The multi-billion dollar unmanned air system, or UAS drone industry, is growing rapidly in Central New York.
Governor Hochul has announced a major $450 million "Bring Back Tourism, Bring Back Jobs" inclusive recovery package.
Brookfield Renewable U.S. is looking to relocate its national control center from Massachusetts to Queensbury.
SUNY Morrisville has opened its new Agricultural and Clean Energy Technology Center for hands-on training and degree programs.
In 2021, Hudson Valley film productions set a spending record with $48 million invested in the area.
International and National News
The U.S. economy grew at a 2% annual rate in the third quarter as the delta variant peaked, but promising signs suggest 2021 is on track to notch the fastest full-year growth in almost four decades.
Over the last decade, hundreds of jails and prisons in the U.S. have closed, inspiring architects and designers to reimagine sites of incarceration as positive community spaces and creating economic growth in their communities.
Northwest Indiana will be home to largest solar farm in U.S., covering 13,000 acres.
As supply-chain disruptions worsen and inflation surges, executives and policy makers around the world must navigate a delicate transition to a more normal economy
Oil prices continue to edged up as the U.S. lifting of travel restrictions and more signs of a global post-pandemic recovery boosted the demand outlook, while supply remained tight.
NYSERDA Updates
NYSERDA and the Danish Ministry of Climate, Energy and Utilities announced an extension of their existing Memorandum of Understanding (MOU) through 2025, expanding collaboration beyond offshore wind to also foster a diverse portfolio of solutions for carbon capture, utilization, storage and green hydrogen.New York State will work with community partners to expand ongoing solar deployment and workforce development support in Puerto Rico and the Virgin Islands.
Governor Kathy Hochul announced the launch of a multi-year study, New York State Climate Impacts Assessment: Understanding and Preparing for Our Changing Climate, to explore how climate change affects communities, ecosystems, and the economy in New York State.