Gov. Kathy Hochul signed an executive order on Tuesday placing a one-year pause on the construction of the largest data centers. | Read More.
$300M was earmarked in the state budget for Rochester and Monroe County. Now the state is accepting applications for projects to receive $225M in those funds. | Read More.
Ryan Silva, Executive Director of the NYSEDC, speaks on the Develop This! Podcast about the policies, partnerships, and strategies shaping economic growth across New York. | Listen to the episode.
MegazoneCloud has established its U.S. headquarters in Perinton after securing more than $1M in state incentives for a project expected to create 122 jobs over the next five years. | Read More.
The Albany metro area has made LinkedIn's list of the 25 fastest-growing U.S. metros for jobs and new talent, attracting researchers, students, and skilled workers. | Read More.
Micron's planned $100B semiconductor manufacturing complex in Central NY is sparking economic change in the region. | Read More.
When the County of Monroe IDA looks for ways to bring business to the area, housing is a critical component within the equation. | Read More.
Tony Shorris, a former NYC deputy mayor and partner at a global consulting firm, has been named president of the NYC EDC, while Lina Khan, former head of the FTC, will serve as chair of the group's board of directors. | Read More.
New York state offers several programs that can save residents thousands of dollars this year. | Read More.
The Yonkers IDA approved financial incentives for five residential projects to create 764 affordable and market-rate apartments and 805 construction jobs. | Read More.
Contractors in New York are evaluating the potential impacts of 50% tariffs on most Canadian goods -- ranging from Canadian alcohol imports to cement. | Read More.
The first components of a next-generation chipmaking tool arrived at New York state's Albany NanoTech Complex on Tuesday. | Read More.
According to the NY/NJ Host Committee, soccer fans spent $1.2B in June alone, generating a total economic impact of $2.1B. | Read More.
Proximity, power, and people: these factors are critical, attractive, and strengths of the Buffalo Niagara region. | Read More.
GE Vernova cut the ribbon in its new Frontier Campus research facility in Niskayuna. | Read More.
Construction of the Wadsworth Center, a $1.7B public infrastructure project, is underway in the Capital Region. | Read More.
A massive Carle Place office building has reached a 10-year lease deal with the U.S. Department of Defense. | Read More.
A report released by state Comptroller Thomas DiNapoli warns that the state's fiscal budget shows signs of instability. | Read More.
A new era in Rochester's history of optics and photonics innovation is about to begin with the launch of the U.S. National Science Foundation STELLAR Engine in the region. | Read More.
NY's overall population has grown over the last decade, but many regions ar experiencing persistent population declines. | Read More.
Operation Oswego County seeks a qualified full-service marketing and digital firm to lead a comprehensive rebranding and digital transformation effort.
By most key metrics, the U.S. labor market is in fine shape. Yet nearly two million Americans have been locked out of the job market for at least half a year.
Stocks and the Economy Are Increasingly Relying on the A.I. Boom
A.I. related stocks account for roughly half of the rise in the S&P 500 this year, and growth in the economy is also increasingly dependent on A.I. infrastructure spending.
President Trump signed orders to impose a 50% tariff on a wide range of Canadian goods, claiming that Canada had discriminated against the US in key industries. The tariffs, which go into effect in 30 days, would be imposed on a range of Canadian exports, including wine, hockey sticks, cement, dairy products, plywood, paper and furniture.
NYSTAR Programs Generated $1.8B in Economic Impact Across New York State
ESD announced that programs administered through NYSTAR generated a combined $1.8B in statewide economic impact, according to newly released reports highlighting the performance of Manufacturing Extension Partnership and Centers of Excellence programs.Learn more.
$8M Now Available to Advance Innovative Alternative Fuel Solutions in New York
NYSERDA announced $8 million is now available to advance innovative alternative fuel solutions in New York through the State’s Advanced Fuels & Thermal Energy program. This initiative supports the development of resources and infrastructure for low-carbon fuels. Learn more.
New Semiconductor Manufacturing Workforce Training Tax Credit Program Launched
The new program, administered by Empire State Development, supports eligible semiconductor manufacturers and manufacturing businesses by offsetting the costs of training employees for high-demand manufacturing careers. Learn more.
Nearly $270M in Tax Credits & Subsidies Available to Create & Preserve Affordable Homes
Proposals are being accepted for the State’s annual 9% Low-Income Housing Tax Credit awards, which will make available up to $58 million in 9% Federal Low-Income Housing Tax Credits (LIHTC), $10 million in NYS Low-Income Housing Tax Credits (SLIHC) and more than $200 million in State Capital subsidy loan programs. Learn more.
NYSEDC | nysedc.org | 518.426.4058
New York State Economic Development Council | 111 Washington Ave | Albany, NY 12210 US
