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July 16, 2021 Newsletter

Members in the News

Empire State Development is partnering with NYSHCR and the nonprofit Breaking Ground to develop 900 affordable units in Brooklyn’s East Flatbush neighborhood.

New York’s Tug Hill region’s snowmobile trails was found to contribute to the regional economy through visitor spending on lodging, food, entertainment, gas, equipment, and other retail in an economic impact study by the Lewis County Economic Development.

The Jefferson County IDA unanimously approved a land agreement with Convalt Energy, giving the company access to land on State Route 12F in the town of Hounsfield, adding up to 2,000 jobs in ten years.

With help from the Nassau County IDA, the Cardinali Bakery will expand, adding additional jobs to their production facility.

With assistance from the Fulton County IDA, the Tryon Technology Park in Perth may reach the same employment level as the state’s Tryon Detention Facility when it closed a decade ago.

The Capital Region's Economic Development Council plan has been released.

The Seneca County IDA is soliciting proposals for industrial park analysis.


People and Projects in the News

The new LEGOLAND NewYork has created 1,000 jobs and will provide the state and local government with an estimated $300 million in revenue.

The city of Ogdensburg is seeking proposals for the 24-acre Diamond site off Main Street.

Cree is gearing up hiring in Utica and Albany for production to start next year. 

Jamestown Advanced Products Corp. is experiencing record expansion and growth.

Amtrak is investing $7.3 billion in upgrades to trains serving the Hudson Valley and NYC areas.

The Kingsboro Psychiatric Center campus in Brooklyn will be redeveloped into 900 affordable homes, ample public green space, a full-sized basketball court, areas for urban farming, a greenhouse, & dedicated space for community empowerment programs.

Construction has begun on the first workforce housing to be built in Glen Cove in over a decade.

Construction has begun on a $14 million resiliency project awarded to the Town of Newfane, Niagara County through the Resiliency and Economic Development Initiative.

The unemployment rate in Hudson Valley communities is falling below regional average.

National and International News

EdSource has put together a breakdown of $69 billion in federal COVID relief to the nation's colleges and universities. 

The National Endowment for the Arts has released information on grants that arts organizations can now apply for.

The National Student Clearinghouse has released a new report on higher education enrollment in 2021.

Job openings in the U.S. stand at a record high, but the global chip shortage is constraining factory output in Germany.

Delta variant’s surge brings new uncertainty to the economic recovery



The 2020 Centers for Advanced Technology Program Report has been released.

The 2021 Regional Economic Development Councils (REDC) Progress Reports have been released. Click here to view all. 

The 2021 ABO Report has been released.


Three gigawatts of solar have been installed across NYS, enough to power more than half a million homes, underscoring New York's leadership in growing one of the strongest solar markets in the nation.

$7.8 million is available through the Low Carbon Pathways for Multifamily Buildings program for owners or managers of multifamily buildings to implement low carbon solutions as part of planned upgrades.

Jim Griffin Retires

Hornell IDA Executive Director and NYSEDC Board Member Emeritus Jim Griffin is retiring after 47 years. Thank you Jim for your service!