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economic development

State photonics board recommends multimillion investment in AIM Photonics (access required)

The board approved a proposal for $27.5 million in previously committed New York State funding to invest $23 million in new equipment and tool upgrades to further enhance the TAP facility’s research and development capabilities and to amplify the consortium’s collaboration with regional universities, with $4.5 million in operational support. 

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New contest provides support for dairy product entrepreneurs (access required)

Cornell University's Center for Regional Economic Advancement (CREA) is producing the competition in partnership with the Northeast Dairy Foods Research Center. The Northeast Dairy Business Innovation Center has provided a $1 million grant.

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Nominations open for Victor Business Awards (access required)

Nominations for the 17th annual Victor Business Awards are now being accepted. The awards are presented in conjunction with the Victor Local Development Corp. and the town of Victor.

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Good paying jobs will reduce violence (access required)

This new year we must be intentional about treating economic development as an investment in public safety. I support tax incentives to bring new jobs to our state, but these employers must also ensure that the promised jobs are accessible to those families that need them most. Ribbon cuttings and photo-ops are not enough. We need specific strategies to remove hiring barriers by thinking about transportation, childcare, and workforce training as part of the job creation formula.

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GRE reports record breaking year in 2022   (access required)

Greater Rochester Enterprise had a record year in 2022, securing 40 separate company project wins.  The agency reported more than $1.2 billion of new capital investments across the region last year – up 20 percent from 2021- as well as ...

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GCEDC advances two of county’s largest ever capital investment projects   (access required)

Edwards Vacuum, part of the Atlas Copco Group, is proposing to invest $212 million for the first phase of the company’s semiconductor dry pump manufacturing project at New York’s Green Manufacturing mega site at STAMP; while Horizon Acres Associates Inc. is proposing to invest $142 million to build several flex commercial/industrial facilities in the Town of Pembroke. 

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