NYSEDC Latest News: April 6, 2026

eAdvance

Keeping NYSEDC members in touch and informed

April 6, 2026

Projects, Communities, + People in the News

Progress is continuing on a new Coca-Cola distribution center in Halfmoon which will replace an older, smaller location. The project is expected to preserve 147 full-time jobs and add nearly a dozen in the years following its completion. | Read more on the Albany Business Review.

A Taiwan rubber company paid $39 million to purchase the former Sumitomo Rubber USA plant in Tonawanda. Hwa Fong Rubber plans to create 100 to 250 jobs. | See more on Buffalo Business First.

The state's economic development arm has awarded $6 million to support infrastructure improvements at GE Vernova's Advanced Research Center off Balltown Road in Niskayuna. | Read more on the Albany Business Review.

Western New York businesses are set to receive a major boost thanks to $1 million in new federal funding aimed at improving cross-border supply chain operations and economic growth in the region. | WGRZ Buffalo has more here.

Micron Technology has announced $35.5 million in grants for Central New York, the first wave of the $250 million Micron has pledged to spend on community projects. | See the story on Syracuse.com here.

Among the awardees of a FuzeHub-led initiative is a collaboration between Mosaic Microsystems and Syracuse University CASE Center. | The Rochester Business Journal reports on the project.

The Genesee County EDC Board of Directors approved a proposed $10 million project by 8250 Park Rd, LLC. The operations anticipate creating 15 new full-time equivalent (FTE) positions and retaining an additional 20. | Read more on the Batavian.

The state's Department of Transportation rolled out the details of the $64 million multi-phase Hornell Gateway Corridor transformation project that centers on modernizing three key miles of Route 36. | See project details on the Hornell Evening Tribune.

Pelco Component Technologies and Alliance for Manufacturing & Technology of the Southern Tier (AMT) partnership was awarded $60,000 as part of the New York State Microelectronics Innovation Challenge. | WBNG Binghamton has the story.

SUNY Poly and Xallent have won $60,000 in a FuzeHub contest focused on strengthening national defense through advancements in New York's microelectronics industry. | Read more on WKTV Utica here.

Upcoming NYSEDC Events

Annual Meeting

Registration Now Open; Sponsorship Available!

May 20 - 22 | Cooperstown

Basic Economic Development Course

Registration Now Open; Sponsorship Available!

June 8 - 11 | Albany

2026 IDA Academy

Date & Location TBD

Jobs Board

Columbia Economic Development Corporation (EDC) is hiring a President & CEO

The Center for Economic Growth (CEG) is hiring a Director, Economic Development

Riverhead Industrial Development Agency is hiring a Director of Business Development and a Client & Compliance Coordinator

Clinton County is hiring an Economic Development Coordinator

Have a job posting, RFP, or news story to share with the NYSEDC and its membership? Email updates to Steph Cavalier.

Registration is LIVE for the 2026 Basic Economic Development Course! Held in June, this course introduces attendees to the practices of a broad economic development program and meets the core requirements prerequisite for practitioners who wish to sit for the Certified Economic Developer (CEcD) credential issued by the International Economic Development Council (IEDC).

Our 2025 course had record attendance so secure your spot today! Learn more and register here.

The Bigger Picture

The Three Big Questions Delaying NY's Budget

After passing a weeklong budget extension, many lawmakers predict that negotiations will drag on at least into the third week of April.

The New York Times discusses three questions dividing lawmakers in Albany.

For the Global Economy, 'All Roads Lead to Higher Prices and Slower Growth'

The economic fallout from the war in Iran is squeezing consumers and businesses around the globe, raising the price of essentials like food and fuel. In the United States, gasoline crossed an average of $4 a gallon, a threshold it hadn't reached since August 2022.

The New York Times reports here.

32 New York business groups oppose Albany tax increases

A coalition of 32 New York business groups is urging leaders in Albany to reject tax increases, warning they would hurt the state's competitiveness.

New York State Policy and Programs

$5 Million in NYPA Funding That Will Prepare More Than 1,000 New Yorkers for Clean Energy Careers

The funding awards will be directed to eight workforce development programs that will equip more than 1,000 New Yorkers with the training, job placement resources, and technical skills needed for careers in the clean energy economy.

More about the awards and workforce development programs here.

NYPA Economic Development Awards to Support Creation of Nearly 400 Jobs, Spur More than $522 Million in Private Capital Investments

The awards, approved by the NYPA Board of Trustees, include low-cost power allocations through the statewide ReCharge NY program and the regional Western New York Hydropower program. Additionally, the NYPA board approved funding awards totaling more than $2.4 million under the Western New York and Northern New York Power Proceeds programs.