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July 10, 2020 Newsletter

Member Spotlight

The Herkimer IDA has created a microenterprise grant program for eligible businesses.

Construction started on a new 26,400-square-foot facility for Weaver Materiel Service Inc., Naco Truck Leasing and Stannard Properties LLC on a 5.5-acre parcel made possible by  a 15-year payment in lieu of taxes incentive approved by the County of Chautauqua Industrial Development Agency.

Allegany County has taken the lead on a new Southern Tier New York Angel Fund, a collaborative development venture with Chautauqua and Cattaraugus counties.

Home Leasing LLC received final approval and Danaren LLC received initial application acceptance for financial incentive packages from the Seneca County Industrial Development Agency Board of Directors on July 3.

The Town of Hempstead IDA has approved an economic benefits package that will assist a truck repair business expand in Inwood, retain 19 jobs and create another 31 positions.

Buckingham Properties and Butler/Till held a ceremonial groundbreaking for a new mixed-use development on June 11 in Rochester. The project received support from Empire State Development.

Upcoming Events

Webinar: Best Practices in Administering a Grant Program
Join Empire State Development to learn about best practices to administer a grant program. There is no fee to attend
July 15, 10:30-11:30 am
Register here

Webinar: Working with Employers – presented by the Center for Employment Opportunities
This hour and a half webinar will provide a deep dive into employer engagement strategies and considerations when working with justice involved candidates.
July 22, 12-1:30 pm
Register here

Webinar: Fuzehub’s Machining & Fabrication Post-COVID-19
FuzeHub’s Machining and Fabrication Post-COVID-19 Solutions Forum is your opportunity to connect with resources who can help you with these and other challenges. Please join FuzeHub and MIC at Rensselaer for this virtual event, which is open to qualified companies from across New York State.
August 6,  9-11 am
Register here

Projects, Communities, and People in the News

The Tryon Technology Park in Perth has a new primary electric system done in partnership with National Grid, Fulton County Industrial Development Agency, and Empire State Development.

The company working with Calverton Aviation & Technology to bring industry to the Enterprise Park at Calverton is helping the town of Riverhead apply for a Smart Cities grant from New York State.

Progress is continuing on the 180-foot-tall northern wing of the Jacob K. Javits Center in Midtown West. Designed by tvsdesign and developed by Empire State Development Corporation, the $1.5 billion, 1.2-million-square-foot addition will raise the facility’s total span to 3.3 million square feet.

The village of Fredonia has secured funding from the New York State offices of Parks, Recreation and Historic Preservation as well as Empire State Development in order to help redevelop Barker Common and provide improvements.

Adirondack tourism welcomes visitors again, with caution.

CONTOURing Body Images has reached an agreement with the City of Hornell Industrial Development Agency to purchase 117 Main Street.

Central New York film industry preparing to resume production after months on pause.

Cree has donated $3.5m to support a STEM education program for SUNY Polytechnic Institute to train the high-tech workforce.

Governor Andrew M. Cuomo celebrated the installation of a new Capital Region gateway welcome sign spanning Albany Shaker Road in Colonie, Albany County and the unveiling of the new in-terminal Mario & Matilda Cuomo Pavilion Room, symbolically marking the completion of the $63.3 million modernization of Albany International Airport.

U.K. based media-focused investment fund Great Point Capital announced plans to build a $50 million full-service film and television studio complex on Niagara Street in Buffalo.

The Hudson Valley real estate market is experiencing a boom after dip during height of COVID-19 pandemic.