Registration Open! The NYSEDC Annual Meeting, hosted at the Otesaga Resort in Cooperstown, New York, is a three-day program that includes keynote speakers, breakout sessions, networking opportunities, the Taste of New York dinner and the NYSEDC Awards Ceremony.
New York State is investing $100 million in Upton-based Brookhaven National Lab's electron-ion collider (EIC) project, thanks to a grant from New York's Empire State Development. The project is a $3 billion initiative which was announced in 2020, is to be funded at both the state and federal level, and is designed to support breakthroughs in energy, science, technology, and medicine. | Read more on Long Island Business News.
HVCC is the first community college in the United States to join the United Nations’ Educational, Scientific, and Cultural Organization’s Technical and Vocational Education and Training Network, also known as TVET. Under the program, international students will be able to receive work skills training they can then use to train workers in their home countries. | Read more at WAMC News.
Oneida County was awarded $23.6 million to develop a premier semiconductor supply chain campus on a parcel of land at Griffiss International Airport in Rome. A 332-acre parcel will be the largest shovel ready site in the state, which has the potential to bring in about 3,000 jobs. | Read coverage here.
The Albany Port District Commission was recently awarded a $9.9 million grant from NYS Department of Transportation Passenger and Freight Rail Assistance Program (PFRAP) for upgrades to heavy rail and on-dock wharf system (the concrete support) at the Port's existing maritime terminal. | See the story at the American Journal of Transportation.
With National Grid set to invest $4 billion into infrastructure upgrades and generating more power in the north country, a local developer says it's long overdue. Mike Lundy says it will bring more businesses to the area. "Having land, bringing power, bringing gas, having water and sewer, huge potential." | WWNY7 has the latest here.
A project that will bring a new industrial building to Melville has received preliminary approval for economic incentives from the Suffolk County Industrial Development Agency. The developer, 536 Broadhollow Realty LLC, plans to build a 77,000-square-foot building on 5.8 acres. The $11.53 million project is replacing a recently-demolished industrial building that was once occupied by Rubie's Costume Company. | Read more on the Long Island Business News.
The St. Lawrence County Industrial Development Agency granted tax breaks to an Oswegatchie solar project, PIVOT Solar, and a Gouverneur steel manufacturer, Cives Steel. The IDA board ratified the incentives to the two companies during its March monthly meeting. | NNY360 has details about the projects.
UB awarded $1.25 million to create clean energy research hub. The new research center will tap into the university’s expertise in materials science, advanced manufacturing, artificial intelligence and other fields.The center will leverage partnerships with IBM, Linde, National Fuel and other firms — all in an effort to discover new materials that support upstate New York’s transition to an economy focused on clean energy, semiconductor research and manufacturing, artificial intelligence and other industries. | Learn about the grant on UBNow here.
The New York Power Authority (NYPA) board approved low-cost Niagara hydropower allocations to Buffalo Games and Mayer Brothers. Buffalo Games, an Erie county manufacturer of jigsaw puzzles and board games, is upgrading its manufacturing capabilities, warehousing, and distribution infrastructure, and power service. | Read more about the funding at Niagara Frontier Publications.
The Oceantic Network's offshore wind education and training programs help your business successfully enter the industry. Whether you are curious about what offshore wind can offer or you are ready to jump in and become part of the supply chain, these programs are designed to guide your business development and help plan your next steps in this rapidly growing industry.
This two-day event, on April 23 - 24 in Herkimer, will showcase opportunities to revitalize and redevelop browfield sites in the Mohawk Valley. Registration is now open.
The New York Public Library's Business Center is hosting the New York StartUP! Business Plan Competition. The competition provides participants the opportunity to turn their ideas into reality with access to Library resources, mentorship, and cash prizes between $7,500 and $15,000. The competition launched this month, with the first orientation on April 9th.
The Authorities Budget Office is conducting webinars for Authority board members. Completion of the session will satisfy the requirement that members complete mandatory State-approved training. The next webinar is on Wednesday, April 17, from 9:30 AM - 11:00AM.
NYISO: Powering Large-Scale Economic Development Projects Requires Proactive Planning and Additional Resources
For the past two decades, demand for electricty in New York grew modestly as energy efficiency programs and new products like LED lighting counterbalanced an increase in demand from smart phones, digital TVs, and computers.
Looking into the future, however, there's a clear upward trend forecasted in peak demand over the next ten years. In addition to electrifying buildings and transportation, a major driver of the forecast is new industrial load from economic development projects like microchip fabrication and data centers.
This blog from NYISO discusses how these projects, along with changing conditions, will impact the grid.
Cap-and-Invest Program will help New York State to meet its GHG emissions reductions goals
The New York State Department of Environmental Conservation (DEC) and the New York State Energy Research and Development Authority (NYSERDA) have released a pre-proposal outline for the implementation of New York's large-scale Cap-and-Invest Program (NYCI).
Cap-and-Invest will set a declining cap on the annual amount of permitted in-state greenhouse gas (GHG) emissions. To enforce the cap, the State will require large emitters to pay for their emissions through the purchases of "allowances." The funds generated will be invested into programs aimed at further driving down emissions.
The program aims to help the State meet the aggressive GHG emissions reductions goals set by its Climate Leadership and Community Protection Act (CLCPA). NYCI will have a transformative effect on the State's economy, particularly in the energy, manufacturing, and waste sectors.
