Keeping NYSEDC members in touch and informed

June 10, 2024

Registration Open! The IDA Academy provides training for Industrial Development Agency (IDA) staff and executives on a variety of issues to help operate an IDA office more effectively, including best practices, tools, and public policy that impacts their authority and operation. The NYSEDC administers this program in partnership with its IDA members, state agencies, and other industry experts.

Questions about registration or sponsorship? Contact Stephanie Cavalier, Membership and Marketing Manager, for more information.


Message from Sarah Lee, Chair NYSEDC Board of Directors

Sarah Lee, Chief Executive Officer of Think Dutchess and Executive Director of the Dutchess County Industrial Development Agency was elected as Chair of the NYSEDC Board of Directors at the Annual Meeting on May 22. Click here to read a special message from our new Chair.

Projects, Communities, + People in the News

Dan Gunderson of Camoin Associates spoke about the role of IDAs in New York's economic development. "Now more than ever, New York State must change course and rally behind its economic developers. Last year, the southern states of the US spearheaded $200 billion in capital investments poised to create a quarter of a million new jobs. These states collectively contributed $10 trillion to the US GDP. Six Southern states combined now outpace the GDP of the entire Northeast." | See the full op-ed in the Buffalo News.

Industrial Development Agencies are too economically important to tinker with said Martin Cantor, director of the Long Island Center for Socio-Economic Policy and former Suffolk County economic development commissioner. | Read his full editorial at Long Island Business News.

The U.S. Environmental Protection Agency (EPA) has awarded Greene County $1.5 million to lead a Brownfields assessment with focus areas including the villages of Catskill and Tannersville, as well as the city of Hudson in Columbia County. The $1.5 million is to be shared among Greene County, Columbia Economic Development, and the Hunter Foundation. | Read more about the funding for Greene and Columbia here.

The City of Gloversville received $1 million in federal funds to assess and clean up brownfields, dead zones for development as a result of industrial pollution. Fulton County as a whole received $1.5 million in federal funding for brownfield cleanup. | The Daily Gazette has more.

The New York Power Authority is opening a first-of-its-kind electric grid and power systems laboratory. The Advanced Grid Innovation Laboratory for Energy, or AGILe, will be a research center at the NY CREATES' Albany nanotech Complex that can host various simulations to help promote more sustainable power and the transition to clean energy across New York state and beyond. | Spectrum Local News has the story here.

An Upstate economic renaissance is underway; Broome County must be ready to benefit. Stacey Duncan, CEO of the Leadership Alliance and NYSEDC board member, discusses how Upstate New York communities are highlighting their unsurpassed quality of life, easy access to transportation systems, educated and talented workforce, and more. | See the piece in the New York Real Estate Journal.

New initiative works to bolster microelectronics and semiconductor industries in New York. Empire State Development (ESD) has announced the launch of the Upstate Defense Initiative.The initiative brings together ESD’s Division of Science, Technology and Innovation (NYSTAR), CenterState CEO, the Griffiss Institute, FuzeHub, and Syracuse University’s Institute for Veterans and Military Families to support workforce development, bolster supply chains, and cultivate innovation and entrepreneurship in the state’s microelectronics and semiconductor industries. The initiative is funded through a $5 million award secured by NYSTAR. | Read more at the Central New York Business Journal.

The Yonkers Industrial Development Agency has granted preliminary approval for financial incentives supporting three new mixed-use developments, representing a total private investment of approximately $463.5 million. Among these projects is AMS Acquisitions‘ $306.7 million development at 18 North Broadway in Yonkers. The project will consist of two 25-story residential towers. | Read more here


2024 Summer IDA Academy

Holiday Inn - Binghamton

July 25, 2024

2024 Partners in Workforce & Economic Development Conference

Rochester, NY

October 21 - 23, 2024

NYATEP is seeking an Executive Director.

Mohawk Valley EDGE is seeking a Marketing and Communications Manager.

The Columbia Economic Development Corporation (CEDC) is seeking a Senior Economic Developer and an Economic Development Project Manager.

All Job Postings

Oswego County IDA seeks an assessment of the housing market and a housing development strategy. Proposals are due by 3:30pm on June 21. See the RFP here.

The City of Binghamton is seeking proposals for the purchase and redevelopment of the parcel at 69 Collier Street. Proposals are due by 10:30am on October 2. Find the RFP here.

Share your news, post jobs, RFPs with us! Email Steph Cavalier with your updates

Additional Events + Opportunities

The North Country Alliance 2024 Annual Meeting

NCA is hosting their Annual Meeting on June 12th at the Olympic Jumping Complex in Lake Placid. Members can join for discussions on the North Country economy as well as the opportunity to network with other North Country region economic development professionals.

Register for the event here.

Mohawk Valley Downtown Revitalization Forum

The Department of State invites you to an afternoon forum in Utica on the past, present and future of Downtown Revitalization programs in the region. The event is on Tuesday, June 11, 2024 from 12:30pm - 4:30pm at Mohawk Valley Community College.

Learn more and RSVP here.

The Bigger Picture

Grants and Financial Assistance Programs for Agriculture

Joe Russo and Seth Browe from National Grid join Jay Matteson for the latest episode of his podcast, Jay Matteson's Rural America. National Grid recently released information about their "Prescription Agriculture Program" which provides important incentives for energy efficiency measures. National Grid offers many programs to assist farms and agribusinesses with energy projects.

Listen to the podcast here.

New York State Policy and Programs

Round XIV of the Regional Economic Development Council Initiative Announced

Click here for application

2024 Available CFA Resources

2024 REDC Guidebook

2024 Application Manual

2024 Regional Workshops + Agency Webinars

2024 REDC Webinars and FAQs

NYSEDC | nysedc.org | 518.426.4058
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