eAdvance




Keeping NYSEDC members in touch and informed

September 29, 2025

Projects, Communities, + People in the News

The proposed Micron semiconductor chip fab plant is about an hour away from Herkimer, but the county and those surrounding are expecting financial gain from the plant. | See more on WKTV 2.

Empire State Development announced the restoration project for Buffalo Museum of Science's historic north facade is complete. The project included restoring the original formal staircase, plazas, sidewalks, and curbing of the building. | Read more on WGRZ 2 News.

A new study from the Long Island Association estimates the Ryder Cup event will pump $160 million into the economies of Nassau and Suffolk counties. It also projects about 1,000 new jobs, from shuttle drivers to food vendors to security. | Learn about the even through Greater Long Island.

St. James Hospital is donating its former Hornell Medical Center building to the City of Hornell IDA. The IDA plans to prepare the property for new tenants. | More on the next steps from the Evening Tribune.

The $32 million INSPYRE Innovation Hub by CenterState CEO officially opened in downtown Syracuse. It is the largest business incubator in New York State. | See more through CNY Central here.

New York announced a $300 million investment to establish the Quantum Research and Innovation Hub at SUNY Stony Brook, positioning the university as a global leader in quantum science and technology. | The Quantum Insider has more on the announcement.

Roughly two-thirds of startups don’t survive 10 years, Bureau of Labor Statistics data shows. The New York City Economic Development Corporation (NYCEDC) hopes to change that by leveraging the power of collaboration. | Read more at Forbes here.

Another supplier to GE Vernova is moving to Schenectady County. Outage Technology Solutions is purchasing a 14,000-square-foot facility at the county's Airport Business Park in Glenville. | More on the move at the Albany Business Review.

Eaton broke ground on an $18.5 million expansion project to the Krog Industrial Center in Orchard Park. The creation of the 50,000-square-foot facility will add 100 jobs to the current workforce of 450. | See more at WIVB 4 News.

Construction is complete on the Artspace Utica Lofts, an $18.6 million affordable housing development aimed at supporting artists and revitalizing downtown Utica. | The Rome Sentinel has the story.

Local leaders, company executives and Gov. Kathy Hochul officially cut the ribbon on Micro Bird’s new U.S. manufacturing facility in Plattsburgh Sept. 9. | Read the story on Sun Community News.

The North Country Chamber announced that Alstom received an order for 200 train cars and 12 locomotives to be built at the company’s plant north of Plattsburgh International Airport. | More at My Champlain Valley here.

UPCOMING NYSEDC EVENTS

NYSEDC Leadership & Policy Summit

November 12 - 13

Sponsorship and Registration Open Now!

JOBS BOARD

The Herkimer County IDA is hiring a Community & Business Development Specialist

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Monroe County is hiring an Economic Development Specialist

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OneROC is hiring a Senior Manager, Entrepreneurship

RFP LISTINGS

Development Chenango Corporation (DCC) is seeking proposals to prepare a three-year strategic economic development plan for Chenango County. Proposals are due by 4:00pm on October 1. See the RFP and additional details here.

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The City of Binghamton seeks professional services to develop a redevelopment plan for the Binghamton Plaza. RFQs are due by 10:30am on Wednesday, October 8th. See the RFQ and additional details here.

Have a job posting, RFP, or news story to share with the NYSEDC and its membership?


Email updates to Steph Cavalier.

NYSEDC Named Among Top Trade Association in New York State

The New York State Economic Development Council has been named one of the top trade associations in New York by City & State! For more than 50 years, the NYSEDC has been proud to promote the economic development of New York State and its communities with our nearly 1,000 members. See the full list here.

The Bigger Picture

US Economy Notches Fastest Growth Pace in Nearly Two Years in Second Quarter



The U.S. economy grew faster than previously estimated in the second quarter amid strong consumer spending and business investment, though momentum appears to be slowing as the effects of tariffs and policy uncertainty start to filter through.


Read about the revised numbers on Reuters here.

Tariff Uncertainty Expected to Slow Global Economic Growth



In its latest outlook, the Organization for Economic Cooperation and Development said the full impact of higher U.S. tariffs is still playing out, but effects are beginning to be felt by American consumers, who are starting to curb spending.


The New York Times has more on the story here.

New York State Policy and Programs

Directive and New Solicitation Announced to Accelerate Renewable Energy Project Development and Construction



As part of New York’s all-of-the-above energy strategy, Governor Kathy Hochul today announced a coordinated set of actions to accelerate the deployment and construction of reliable and clean energy across New York State that will help stabilize energy prices.


Read more about the initiative here.

New York Power Authority Economic Development Awards to Spur Nearly $267 Million in Private Capital Investments



Governor Kathy Hochul announced economic development awards from the New York Power Authority that will spur nearly $267 million in private capital investments. Included among the awards, approved today by the NYPA Board of Trustees, is a low-cost Niagara hydropower allocation to Upstate Niagara that will support New York dairy farms and create 125 jobs. Additionally, the NYPA board approved nearly $12 million in Power Proceeds funding that will be directed to four organizations—three in Western New York and one in Northern New York.


Learn about the awardees here.

Thank You 2025 Leadership & Policy Summit Sponsors!

Want to sponsor this event? View our Sponsor Prospectus and reach out to Director of Membership and Marketing Steph Cavalier at cavalier@nysedc.org for details.

NYSEDC | nysedc.org | 518.426.4058
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