June 20, 2020 Newsletter

Special Announcements

The Clean Fight, a clean energy start-up growth accelerator, supported by New Energy Nexus, is now accepting applications. Learn more and apply here.

Member Spotlight

The Niagara County IDA board has created a Hospitality Emergency Loan Program, or HELP, which will offer short-term, low-interest loans to hotels in the Falls and elsewhere in Niagara County that are struggling to pay their bills

The Town of Babylon IDA and a local North Amityville manufacturer, L3Harris Technologies, are donating 1,000 face shields to Babylon barber shops and hair salons.

Tompkins County Area Development (TCAD) President Heather McDaniel released an annual report that summarizes the organizations 2019 achievements. Last year TCAD facilitated 23 projects, 54 projected new jobs, 159 retained jobs, and new investment in Tompkins County of $87 million.

Projects, Communities, and People in the News

The Town of Colonie is helping restaurants create outdoor dining.

Construction work on a $12.4 million project has begun at 1275 Delaware Ave. in Buffalo as part of the Lancaster Square at Gates Circle project.

The Westchester Industrial Development Agency granted preliminary approval June 11 for $3.1 million in tax relief for new apartments to replace a former YMCA building in White Plains

The University at Buffalo School of Dental Medicine and  OptiMed Technology were awarded a $50,000 manufacturing grant from the Jeff Lawrence Innovation Fund to accelerate the development of their products to the market.

The Watertown YMCA's new aquatics and community center project is eligible for millions of dollars through a Department of Defense grant. The Jefferson County Industrial Development Agency will apply on the Y's behalf to try to secure the funds.

The New York Power Authority has announced three north country projects are restarting with appropriate COVID-19 protections in place, and two other projects are expected to restart in June and July.

As more and more people are moving north from the New York metropolitan area, the Ulster County Industrial Development Agency is preparing to work with its partners in creating employment opportunities for the new residents.

The Cattaraugus County Industrial Development Agency has approved economic incentives for $2.8 million in upgrades at Holiday Valley and $9 million for a solar farm in Allegany.

Owner of a once-dominant LI office building seeks tax incentive to renovate. Dr. Shahrokh Abiri is asking for more than $770,250 in tax incentives from the Nassau County Industrial Development Agency to renovate 1 Old Country Rd.

The Westchester County Industrial Development Agency has given preliminary approval to $4.7 million in financial incentives for a proposed 217 apartments and 53,000 square feet of retail and community space next to the downtown train station.

Syracuse surges forward with plan to convert all city lights to smart LED lights.