April 9, 2021 Newsletter
Budget Summary
Click here to view the 2021 NYSEDC State Budget Summary.
COVID Update
The U.S. Small Business Administration has open Shuttered Venue Operators Grant (SVOG) application portal for operators of live venues, live performing arts organizations, museums and movie theatres, as well as live venue promoters, theatrical producers and talent representatives to apply for critical economic relief, as those eligible entities are some of the first that had to shutter their doors a year ago in response to the COVID-19 pandemic.
Members in the News
New York Power Authority's Board of Trustees has approved economic development awards to 23 entities that will support 2,292 jobs across the state—with 870 jobs being newly created—and spur more than $580 million in private capital investments.The Nassau County IDA is working with Amazon to construct a 204,000 s/f warehouse and distribution facility, creating 200 full-time jobs and 125 construction-phase jobs.
Uniland Development Co., which plans to erect a warehouse on part of the former Bethlehem Steel site in Lackawanna, is working with Invest Buffalo Niagara to add to the inventory of available industrial space to the area.
With help from Empire State Development, Premier Packaging Corporation will relocate into a 105,000 square-foot, newly constructed facility located in Wiregrass Business Park in the Town of Henrietta, creating 37 new jobs and retain 52.
The Warren-Washington Industrial Development Agency is assisting Hacker Boat with renovating the former Perkins Recycling plant into its new manufacturing center, creating 15-20 jobs.
The Jefferson County IDA has applied for a $500,000 federal grant to help with startup costs for a solar manufacturing plant that would be built in a proposed business park near Watertown International Airport.
The Brookhaven IDA is assisting with an affordable housing project in Port Jefferson.
Working with the Greater Rochester Enterprise and Empire State Development, medical imaging systems and non-destructive testing company Carestream will expand its film finishing operations at Eastman Business Park in Rochester, creating 70 new jobs over the next five years while retaining 47.
The Montgomery County IDA has released its annual report.
With help from the Saratoga County Prosperity Partnership, AgroChem Inc. wants to expand its Saratoga Springs factory by nearly 50%.
The Town Of Babylon IDA has launched its new podcast series "Economically Speaking".
With help from Empire State Development, NYPA, RG&E, Wayne County, and the Greater Rochester Enterprise, ABX Innovative Packaging Solutions plans to add on new bag lines and relocate some of its operations to Macedon creating up to 38 new jobs.
With help from the Chautauqua IDA, plans to bring a freezer storage facility to the town of Dunkirk are moving forward, creating 70 full time jobs and 250 construction jobs for the project.
With help from Empire State Development, NYCEDC, Farm Credit East, and others, construction has started on the 60,000-square-foot New York State Regional Food Hub in the Hunts Point neighborhood of the Bronx.
An Amazon warehouse is coming to Frankfort, adding hundreds of distribution jobs and utilizing local Uber drivers.
With help from the Orange County IDA, Cannabis multi-state operator Green Thumb Industries will build a $50 million cultivation and processing facility in Warwick, creating 125 full time jobs.
People and Communities in the News
Automotive tire manufacturer Sumitomo Rubber USA (SRUSA) is investing more than $122 million to upgrade or replace production and other equipment at its Tonawanda, NY production plant.NYS tourism promotional officials are expecting the industry to rebound with large-capacity venues starting to re-open and a new smartphone app that will let customers discreetly notify a business know they are vaccinated or COVID-free.
Intel, the world's largest computer chip maker, says it is considering building a computer chip factory in New York state, joining both Samsung and GlobalFoundries who are also considering building new facilities here as part of a push by the U.S. government to bolster the domestic chip supply.
To address new workforce demands, Dutchess’ Community College's Fishkill satellite campus will feature programs geared toward older, non-traditional students looking for training in specific fields the college believes are of the most value to residents.
The Genius NY deadline for application has been extended to April 30, 2021.
Montgomery County officials broke ground for the Shared Services Facility at the Glen Canal View Business Park.
Jefferson County saw a 39% spike in home sales, St. Lawrence County jumped 25.7%, and Lewis County increased 6.6% during the fourth quarter of last year compared to the same time period in 2019.
Nine properties on Buffalo's East Side will benefit from $500,000 in grant money through the East Side Commercial Building Stabilization Fund, which is part of the governor's $50 million East Side Corridor Economic Development Fund.
NYSERDA Updates
The Carbontech Development Initiative has launched, a program to establish New York State as a world-class hub of carbon-to-value research, technology transfer and commercialization. New York State is seeking proposals from organizations to design and operate this new entity, which will build out programming, secure sources of funding and engage industry participants, and environmental justice and other disadvantaged communities to drive the innovation needed to capture waste and atmospheric carbon, build out its utilization as valuable products and ultimately facilitate deep decarbonization economy-wide.The New York State Energy Research and Development Authority (NYSERDA) announced Doreen M. Harris was appointed President and Chief Executive Officer at its board meeting. Ms. Harris was appointed Acting President and CEO of NYSERDA in June 2020 succeeding Alicia Barton, now CEO of FirstLight Power.