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January 14, 2022 Newsletter

Members in the News

Since 2019, the Westchester IDA and LDC have provided assistance for developments representing approximately $3.2 billion in private investment in the county with more than 4,000 new residential units and over 3,100 construction and full-time jobs.

In 2021, the Finger Lakes EDC directly assisted 33 new projects, creating in $59,175,099 in capital investment, and creating 60 new jobs over the next three years.

Steuben County IDA Director Jamie Johnston recently shared his outlook for economic development in 2022 in the area. 

A gluten free brewery is coming to Westfield with assistance from the Chautauqua IDA.

Through its energy efficiency programs, National Grid is aiding Barilla with upgrades to support sustainability and energy savings.

The Town of Brookhaven IDA is assisting the American Regent Pharmaceutical to expand and retain 375 jobs on Long Island.

LP Corp will be building a new facility in Bath, creating over 60 jobs with assistance from Empire State Development, the Steuben County IDA, and NYSEG

The Hispanic Heritage Cultural Institute is coming to Western New York with assistance from Empire State Development. The mixed-use facility will include theater and events spaces, classrooms and learning labs, a media center and offices.

Creating 20 new jobs, Falcon Acquisitions LLC is expanding to manufacture steel belt conveyors in Jamestown, thanks to assistance from the Chautauqua IDA.

The St. Lawrence County IDA is looking to expand childcare options in the county.

People and Projects in the News

A new grant will help students from SUNY Cobleskill work in collaboration with large, multi-location agricultural equipment dealerships in New York State to develop and deliver an agricultural power machinery workforce training program.

Ford Motor Co. expects to spend more than $7 million a year over the next five years updating its Buffalo Stamping Plant, retaining 979 jobs.

Brookfield Power is considering a move to Queensbury, relocating 45-50 high-paying jobs.

Frito-Lay is investing $100 million to build a new 150,000 square-foot fulfillment center in East Fishkill, creating 80 construction and 80 high paying (150% of the area average) full-time jobs.

Finger Lakes Textiles, which received a $10,000 grant through the NY Manufacturing Extension Partnership program, has sold its 10,000 hat and added a PPE line for frontline workers.

The NYC Ferry service in the Bronx is expanding with a new landing at Ferry Point Park, creating more transportation options.

Lionsgate Entertainment’s plan to create a major film and television studio in downtown Yonkers is close to completion.

In search of street vitality, Rochester is considering business improvement districts.

National and International News

U.S. employment increased less than expected in December amid worker shortages and job gains could remain moderate in the near term as spiraling COVID-19 infections disrupt economic activity.

Omicron may be less severe than Delta, but it could hit the global economy even harder.

The world's economic output will exceed $100 trillion for the first time next year.

NYSEDA Updates

NYSERDA has announced more than $21 million in awards for nearly 20 regionally significant projects across the state under the Carbon Neutral Community Economic Development program.

Building Better Homes - Emissions Free and Healthier Communities has been launched to build market capacity and demand for healthier decarbonized homes and neighborhoods.