Empire State Development spends nearly $2 billion annually in taxpayer money for loans, grants, tax credits and other incentives to companies and projects, but fails to properly evaluate most of its programs to determine if they actually are boosting the ...

Tagged with: audit comptroller dinapoli economy empire state development ESD legislature Taxes taxpayers thomas dinapoli

The state of New York has expanded eligibility for the $800 million COVID-19 Pandemic Small Business Recovery Grant Program in order to help more small businesses apply for funding. Beginning this week, businesses with revenues up to $2.5 million can ...

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The New York State Innovation Summit will return this fall, featuring FuzeHub’s annual Commercialization Competition. The annual showcase and celebration of technology will take place Nov. 8 and 9 at the Turning Stone Resort in Verona, Oneida County. The summit ...

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Cincinnati-based global flexible packaging leader ProAmpac this week opened its new, state-of-the-art Collaboration & Innovation Center in Ogden.

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A Wayne County manufacturer is planning to grow its operations in the town of Savannah. The move is expected to add or retain more than 60 jobs. Pearl Technologies, an industrial cutter manufacturer, will renovate and upgrade its Seneca Street ...

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Empire State Development has launched a database of economic incentives. The database is an accessible, searchable catalog of ESD’s economic development projects that is designed to increase transparency into projects that receive the organization’s financial support. “The Database of Economic ...

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Assured Edge Solutions, a custom vegetable processing and co-packing company, plans to grow its manufacturing operations at the Cornell Agriculture and Food Technology Park in Geneva. The initiative will create up to 21 jobs and retain 14. “The Cornell Agriculture ...

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Medical imaging systems and non-destructive testing company Carestream plans to expand its film finishing operations at Eastman Business Park. The company has committed to creating up to 70 new jobs over the next five years while retaining 47 jobs. The ...

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Flexible packaging firm ABX Innovative Packaging Solutions plans to grow its operations in Wayne County. The company will update its existing equipment, purchase new equipment and undertake infrastructure improvements to accommodate the expansion of its green solution flexible packaging manufacturing ...

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Plug Power Inc., the Albany area clean energy company that plans to invest $125 million in a new gigafactory in Henrietta, confirmed this week that it is considering a site in Genesee County for a $264 million facility. Plug Power ...

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Construction has begun on a $2.5 million mixed-use redevelopment project in Batavia as part of the state’s Downtown Revitalization Initiative. The Ellicott Place project, which was awarded $1.15 million through Batavia’s $10 million 2017 DRI win, will improve a nearly ...

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A Canadian battery recovery company plans to set up operations at Eastman Business Park, creating roughly two-dozen jobs in its first year of operation. Li-Cycle Corp., a North American lithium-ion battery resource recovery company, will establish its first U.S.-based facility ...

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IT services provider ComTec Solutions is planning to expand its operations in Gates, creating up to two dozen new jobs in the next five years. Empire State Development will provide up to $300,000 through the Excelsior Jobs Program in exchange ...

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D3 Engineering LLC plans to expand its operations in Monroe County, creating up to 50 new jobs and retaining 65 in the next five years, officials announced this week. D3 will move into a new, larger facility on Lucius Gordon ...

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A Rochester holding company plans to consolidate its holdings here and double its staff in the next five years. CBC Manufacturing, a holding company that owns and operates various manufacturing businesses that support solar, optics, aerospace and medical services industries, ...

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