NYSEDC Latest News: March 2, 2026

eAdvance

Keeping NYSEDC members in touch and informed

March 2, 2026

Were You Seen at the 2026 NYSEDC Economic Development Conference?

Our photo album from the 2026 NYSEDC Economic Development Conference is now live! Check out the album and tag yourself and your colleagues.

Keep an eye on our email and social media for future opportunities to sponsor and attend NYSEDC events coming soon!

Check Out The Photo Album

Projects, Communities, + People in the News

Micron Technology has acquired the last puzzle piece of land needed for construction of its massive chipmaking plant. | Syracuse.com has more.

Construction has begun on the Village of Ossining's $21 million Multi-Modal Transportation Hub. Funding to help get the project started included just over $2.2 million from the NYS Downtown Revitalization Initiative (DRI) and a $1 million grant from Empire State Development. | Learn about the project on Westfair Business Journal.

The Chautauqua County IDA Board of Directors approved a PILOT agreement and other incentives to Homesteads at Dunkirk Landing for 78 apartment units. | See more on Observer Today.

Applications have opened for the Empire State Newspaper and Broadcast Media Jobs Program, a first-in-the-nation tax credit initiative aimed at supporting local journalism across NY. The program is administered by Empire State Development. | The Brooklyn Daily Eagle has the story.

Once viewed primarily as a cyclical glass manufacturer for televisions and smartphones, Corning Incorporated has successfully pivoted its corporate identity to become a central enabler of the generative AI economy. | Read about their transformation on MarketBeat.

Global sports platform Fanatics will expand its New York City operations, creating 300 jobs over the next five years and investing more than $50 million in an expanded Manhattan office. ESD will support the project with up to $5 million in performance-based Excelsior Jobs Program tax credits. | SILive has more on the expansion.

A new study by the Center for Economic Growth in Colonie found that the Capital Region has become an epicenter for 3D chip research and manufacturing, ensuring the region remains at the forefront of chip technology. | Read the story on the Times Union.

State officials approved a $150 million loan fund to invigorate housing development in Central NY that is sorely needed as Micron begins building its first chip fab in Clay. | See the story on Syracuse.com.

Last week in Syracuse, 150 people started the first set of classes as part of ON-RAMP, the state's new program that aims to create a rapid training-to-work pipeline. | Syracuse.com has more on the program.

Governor Hochul's executive budget proposal included $300 million for economic development in Rochester, called the Rochester-Monroe Transformation Initiative. $225 million of the fund is up for grabs. | WXXI News has more here.

A new partnership between SUNY Geneseo and Eastman Kodak Company is expanding the region's life sciences and pharmaceutical research capacity while strengthening workforce development ties between higher education and industry. | Read more on Rochester Business Journal.

Upcoming NYSEDC Events

Annual Meeting

May 20 - 22 | Cooperstown

Basic Economic Development Course June 8 - 11 | Albany

2026 IDA Academy

Date & Location TBD

Jobs Board

The Center for Economic Growth is hiring a Director, Economic Development

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

Clinton County is hiring an Economic Development Coordinator

Requests for Proposals

The NYSEDC, in coordination with ESD, seeks proposals from digital marketing firms to lead a rebranding effort for NY Loves Nano (NYLN) and a complete overhaul of the consortium's digital presence. Proposals are due 5:00pm ET on March 27th. View the full RFP here.

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

Tools for Economic Developers to Attract Clean Energy Manufacturers

New York's clean energy economy is gaining speed, and communities across the state have a real chance to grow and attract cleantech supply chain companies that align with their regional assets and priorities. To help economic development stakeholders move from interest to action, NYSERDA has launched the Cleantech Supply Chain Toolkit, a practical, data-driven resource designed to strengthen your competitive edge. The toolkit includes:

Descriptions and detailed diagrams of cleantech industry sub-sectors
Overview of current market trends
Tools to grow and attract cleantech supply chain companies
Recommendations to improve site and workforce readiness
Industry profiles highlighting site and workforce needs

With additional industry insight from leading manufacturing site selector Global Location Strategies (GLS), this resource translates opportunity into action. Download the Toolkit and position your community to attract and grow New York's clean energy economy.

Join the NY-GEO 2026 Brooklyn Conference & Trade Show, taking place at the Marriott Brooklyn Bridge in New York City. This two-day premier event, NY-GEO's only conference in 2026, brings together industry leaders, innovators, policymakers, state agencies, and utilities from across NY and around the world to help explore strategies and solutions for advancing sustainable ground source heat pumps.

See the agenda and register here.

The Bigger Picture

Texas's Competitive Edge

The Texas state government has undertaken a multi-pronged approach to reshape the state's competitiveness and economic development landscape. An analysis outlines factors reshaping corporate decision making - and what that shift means for New York.

Read the report by Partnership for New York City.

NY Sues Trump Admin. Over Suspension of Energy Projects

The state attorney general's office filed a lawsuit challenging President Trump's administration over the October cancellation of more than $7.5 billion in clean energy grants.

The Times Union reports the story.

Poll: Affordability the biggest issue for New York voters

A new poll released by the Business Council of New York State suggests that the cost of living remains the strongest concern for New York residents, transcending political party lines ahead of this year's election.

Read about the poll results at the Times Union here.

New York State Policy and Programs

State Announced More Than $240M Investment to Create and Preserve 1,800 Affordable Homes in Every Region of New York

More than $240 million in tax credits and subsidies was awarded to create and preserve 1,800 affordable, modern homes in 27 housing developments across New York. The awarded projects include housing with supportive services, accessibility features, and incorporate sustainability measures to keep costs down for residents and help address climate change.

The awards are provided through New York State Homes and Community Renewal's annual Low-Income Housing Tax Credit competitive funding round.

Read the announcement here.

U.S. Senator Gillibrand Now Accepting Proposals for Congressionally Directed Spending Projects

The Office of U.S. Senator Kirsten Gillibrand is now accepting proposals for Congressionally Directed Spending (CDS) projects for Fiscal Year 2027. The online portal will be open and accepting proposals until Sunday, March 22nd at 11:59pm ET.

The CDS process is an opportunity for Senator Gillibrand to place requests to direct federal funding to support local projects, programs, or initiatives that advance community priorities across New York. State, local, and tribal governments as well as non-profit organizations can apply for federal funds to be set aside for specific projects that would benefit from a one-time allocation.

You can find the link to the FY27 Appropriations page here. This site includes Senator Gillibrand’s CDS Request Form Portal and an overview of CDS Eligible Accounts and Requirements.

NYSEDC | nysedc.org | 518.426.4058