Carm Basile, CEO of NYSEDC member Capital District Transportation Authority (CDTA) appeared on In Focus with JoDee Kenney to discuss the role transportation and transit has to play when it comes to economic development. | Watch at Spectrum News 1
Senators Chuck Schumer and Kirsten Gillibrand have launched a push to reauthorize the Northern Border Regional Commission's economic development programs. Senator Gillibrand said the commission has provided economic opportunities for rural communities for years and the goal is to secure them for the next 10 years. | Read More at WCAX
NYSEDC Board Member Katie Newcombe was recently honored as an Empire Whole Health Hero for the work she and her team have done to position Albany as a location of choice, with a focus on industry clusters such as clean energy, digital gaming, artificial intelligence, life sciences and semiconductors. | Read More at Biz Journals
Rochester Institute of Technology recently became a partner in the SUPREME Center (Superior Energy-efficient Materials and Devices), a new $34 million research center based at Cornell University. The center will focus on development of energy-efficient semiconductor materials and technologies. As part of SUPREME, RIT will seek to demonstrate scalable performance improvements in future microsystems by developing novel device architectures through the use of new physics and material properties. Funding for the university’s contributions is nearly $1.3 million. | Read More at RIT
New York State has made $150 million available to communities and business across the Mid-Hudson. The initiative is designed to provide funding over the next five years for mixed-use housing and infrastructure projects to help communities meet growing demands stemming from the region-wide population explosion. | Read More at the Daily Freeman
Attentive Energy One (AE1), a joint venture of TotalEnergies and Rise Light & Power has released a proposal that if approved would result in an $25.6 billion investment in New York. One of the cornerstones of its plans is a flagship manufacturing agreement with General Electric (GE), located at the Port of Coeymans, in the Capital Region. | Read More at Yahoo! Finance
Monroe County Executive Adam Bello, Syracuse Common Councilor At-Large Michael Greene and Carm Basile, CEO of the Capital Region Transportation Authority (CDTA) appeared on In Focus to discuss economic development across Upstate NY. | Watch the Conversation at Spectrum 1
Three Orange County communities have been named the recipients of transformational grant awards through NY State's Downtown Revitalization Initiative (DRI) and NY Forward Program. The City of Port Jervis will receive a $10 million DRI Grant which will be used for housing, modern infrastructure upgrades and unique adaptive reuse opportunities. The Town of Cornwall and Cornwall on the Hudson will be awarded a combined $4.5 million which will be used for tourism, recreation opportunities and community enhancements that will drive new visitors and economic activity to the area. | Read More at Hudson Valley Press
The Federal Reserve Bank of New York released their February survey detailing the state of manufacturing in New York. Respondents include participants from across the state in a variety of industries. | Read the Full Report Here
Buffalo was hailed as an "emerging MedTech Hub" in a recent article from Industry Today. The article noted that the region has drawn over $1.5 billion in investment from life science companies since 2015 and drew attention to noteworthy projects and programs. | Read More at Industry Today
As consumer demand for plant-based proteins expands, NY farmers are exploring new diversification opportunities. Chickpeas have begun to emerge as a standout in this developing market. About two years ago, a few farms in Schuyler County began growing chickpeas to explore the potential of the crop. Recently, NYFVI awarded funding to the Schuyler County Partnership for Economic Development (SCOPED) to lead a project with local growers to identify the economics of the crop and the best varietals for the New York climate. | Read More at Morning AgClips
The North Country Chamber of Commerce and NAmTrans announced that Alstom has officially joined the New York-led, multi-state consortium for the Northeast to become one of at least four regional clean energy hydrogen hubs. Alstom has now joined a coalition of more than seven states and over 100 clean hydrogen ecosystem partners that are laying the groundwork for a proposal to the Department of Energy for up to $8 billion in funding. Alstom and other consortium partners have committed to collaborating with NYSERDA, NYPA, and ESD to propose and advance clean energy hydrogen projects. | Read More at The Sun
Norsk Titanium has begun production of components related to the future manufacturing of semiconductor chips in their Plattsburgh facility. | Read More at Press-Republican
Mechatronics, an emerging multidisciplinary field designed to produce workers who can slide right into advanced manufacturing jobs, is much loved by employers, and thriving at Erie Community College. The program is in its fourth year, and this spring will reach over 200 graduates, many of whom are highly sought after. The Northland Training Center and ECC are currently piloting a two-year associate degree in mechanical engineering technology descibed as a continuation of mechatronics. | Read More about the Program and its Benefits
Cooperstown, Sharon Springs, and Dolgeville have been announced as the Mohawk Valley winners of the first round of the NY Forward grant program. The village of Cooperstown will receive $4.5 million, while the villages of Sharon Springs and Dolgeville will receive $2.25 million each. | Read More at Mohawk Valley Today
Kirkland and Clinton communities are ecstatic to have won $10 million as the Mohawk Valley winner of the sixth round of the Downtown Revitalization Initiative (DRI) “In this year’s proposal, we identified nine projects that have already been undertaken since 2019, from water system and sewer system upgrades to improvements at the Cider Mill, the Arena, and the Kirkland Art Center,” he said. “We made the point that our community was not standing still and just waiting for a DRI grant; rather, we already took steps to implement positive change for growth.” | Read More at The Rome Sentinel
General Electric is poised to become a major offshore wind power player, with all six energy developers in the state's latest solicitation saying they want to use the company as a supplier. | Read More at the Times Union
The villages of Coxsackie, Kinderhook and Cambridge have been selected as the first three Capital Region recipients of the NY Forward grant program. Coxsackie will receive $4.5 million, the maximum one community can receive under the grant. The Villages of Kinderhook and Cambridge will each receive $2.25 million.| Read More at Foothills Business Daily
Nearly $110 million was awarded to 86 projects across NYS through two grant programs designed to improve and safeguard water quality. These projects will help protect drinking water, combat contributors to harmful algal blooms, update aging water infrastructure, and improve aquatic habitat in communities statewide More than $90 million of the funding goes towards supporting water quality improvements in Environmental Justice communities that have been disproportionately impacted by environmental pollution. | Read More at the Sun
Department of Commerce Seeks Public Input on New Recompete Pilot Program That Supercharges Communities with High Unemployment
The U.S. Department of Commerce’s Economic Development Administration (EDA) is seeking public input on its new Recompete Pilot Program that will make focused investments in distressed communities across the country, creating and connecting workers to good jobs and supporting long-term comprehensive economic development by helping to reduce the high, prime-age (25 to 54 years of age) employment gap. | Read the Announcement Here
The American Rescue Plan, two years later: Analyzing local governments’ efforts at equitable, transformative change
Over the past year, Brookings Metro has analyzed State and Local Fiscal Recovery Funds spending through the Local Government ARPA Investment Tracker, and supplemented that analysis with in-depth interviews with local decisionmakers to understand the nature of specific initiatives and how and why allocation decisions were made. This qualitative research reveals a core set of new local and regional investments that may portend long-term impact and community transformation. |
The Workforce Development Capital Grant Program will support the capital needs of workforce training providers that seek to enhance or expand their offerings. The Program is open to training programs offering industry-recognized credentials and certificates in high-demand fields by helping trainers make capital investments crucial to industry-driven workforce training. Applicants can apply for funding to be used for modernization of existing training centers, building new facilities, or to purchase machinery and/or equipment for workforce training. |
New York State Small Business Credit Initiative (SSBCI)
Over $500M in New Funding to Help New York Small Business Recovery
More than $500 million in federal funding is now available to support the resurgence of small businesses across New York State through the State Small Business Credit Initiative (SSBCI), a program through the American Rescue Plan Act.
