Staff attended the 2025 NYS EDC Economic Development Conference in Albany. It provided a valuable platform for collaboration and learning, bringing together economic development professionals from across the state.

One key takeaway was the increasing use of AI and data analytics in economic development. These tools are becoming essential for tracking key performance indicators and measuring the total investment impact of development projects.

At STEG we’re already embracing this shift, with our Zoom Prospector tool featured below. Regional statistics and available properties in are available at your fingertips. If you haven’t explored it yet, now is the time!

Lastly, a big thank you to the NYSEDC team for organizing such a fantastic and insightful event.

The City of Elmira’s Vacant Rental Improvement Program funded by NYS and the Housing Trust Fund Corporation Office of Community Renewal is open for submission. The VRP supports the repair and rehabilitation of vacant rental units and other vacant spaces to increase the supply for critically needed apartments for low-and moderate-income renters.

The Application is due to the Department of Community Development by March 28th, 2025 before 4:30PM. The Department will review all applications competitively. Applicants will receive an approval or denial before April 25th, 2025.

For More Information please visit: Vacant Rental Improvement Program

The 32nd Annual Economic Forum is fast approaching! This event brings together leaders from various sectors- including manufacturing, government, and academia- to discuss key dynamics affecting our local economy, workforce demographics, and business development. Attendees will gain valuable insights into current projects and trends shaping our region in 2025.

Last year’s forum saw exceptional attendance, and we encourage you to join us and the Chemung County Chamber of Commerce, Thursday, March 6th at the Clarion Inn Elmira. Use the link below, and sign up today!

Registration

A feasibility study for the "Chemung River Greenway" has been completed by Three Rivers Development using a matching grant provided by The Appalachian Regional Commission.

The pedestrian and bicycle multi-use trail will link Chemung and Steuben Counties, providing residents and tourists the opportunity for enhanced recreation and transportation that is not available at this size in our area.

For more detailed information and access to the study,

please visit:

Chemung River Greenway

Searching for key insights on local industries, workforce trends, or business opportunities? Our zoom prospector tool provides real data on employment, demographics, economic growth, and talent all in one place.

Whether you’re expanding, hiring or investing, our tools make it easy to access the information you need. Visit our site today to explore the data!

NYS HCR announced the availability of $10 million dollars in HOME funds for eligible Homebuyer Development activities through the Office of Community Renewal (OCR).

Funds may be used by CHDOs or non-for-profit developers to substantially rehabilitate or newly construct up to four (4) single unit homes to be sold to an eligible HOME homebuyer. Funds may be also be used for acquisition, if applicable. Projects can be located anywhere in New York State.

The application period opens Friday, February 28th, 2025 and awards will be made on a rolling basis through 4:00pm (EST) on October 31, 2025 or until all funds are committed.

Application materials available here : NYS HOME Program

An applicant webinar will be held on March 24th, 2025 at 1:00pm. To register : Webinar Registration

Questions can be submitted to HOMEProgram@hcr.ny.gov. Indicate "HOME Application" in the subject line.