Registration Open! Held in June, the Basic Economic Development Course (BEDC) introduces attendees to the practices of a broad economic development program. Through instruction, peer learning, and case studies, the New York BEDC offers a comprehensive educational experience in economic development fundamentals.
Irish manufacturer Niacet Specialty Chemicals, owned by the Kerry Group, will invest $50 million in its Niagara Falls facility to strengthen the semiconductor manufacturing supply chain in New York. The company, whose products are used in food preservation as well as in the semiconductor manufacturing process, will make an investment at is existing facility in Niagara falls, increasing its production and creating 36 new, high-paying jobs. | See more on Niagara Frontier Publications
iA, a company that provides an integrated Pharmacy Fulfillment Platform for retail, health system, and government pharmacies, will hos a ribbon-cutting ceremony at the newly renovated iA national headquarters. In addition to manufacturing space, the facility features the first of its kind in the industry, Innovation Hub, showcasing an advanced central pharmacy fulfillment technology center and training facility for pharmacy workers. | Yahoo! Finance has the story
Merideth Andreucci will become the first executive director for GO-SEMI within Empire State Development. GO SEMI has been tasked with developing New York's semiconductor industry and coordinating efforts around Micron's $100 billion investment in Central New York. | Syracuse.com has the story here
FIFCO USA, parent company of the Genesee Brewery and Labatt USA, plans to expand operations in Rochester, New York. The $50 million project is expected to create 57 jobs over the next two years. The investment will include the installation of new tanks and equipment and additional capacity to attract new contract manufacturing clients and supplement the Canadian supply of Labatt Blue and Labatt Blue Light. | Read more at Area Development here
State offering $18M to boost local planning and development. The New York Department of State is offering $18 million in funding to assist local planning and development projects. The money is to be awarded through three of the department’s programs, including its Smart Growth Community Planning and Zoning Program, Brownfield Opportunity Area Program and Local Waterfront Revitalization Program. | Read more at LI Business News
Long Island Ranks #1 In NYS For Industrial Development Jobs. NYS Comptroller Thomas P. DiNapoli found 47,521 people were added to local payrolls as of Dec. 31, 2022, by expanding companies, housing developments and other projects that were awarded tax breaks by Long Island’s eight IDAs in recent years. | Read more at Long Island Morning Edition
Genesee County requests proposals from qualified individuals or firms to spearhead a Place Branding initiative for their community. RFPs are due by COB on Thursday, June 6, 2024.RFP here.
Brian McMahon Lifetime Achievement Awardpresented to Steve Hyde, Genesee County EDC
Robert T. Dormer Economic Developer of the Year Awardpresented to Patrick Kelly, St. Lawrence County IDA
James W. Griffin Rising Star Awardpresented to Nathan Aldrich, County of Chautauqua IDA
Project of the Year Award presented to fairlife, a Subsidiary of the Coca-Cola Company
Linda J. Hill Women's Leadership Award presented to Merideth Andreucci, NYSERDA
Marketing Best in Class Award presented to Washington County Tourism Branding & Awareness Campaign
Excellence in Marketing Award
presented to Greater Rochester Enterprise (GRE) Food and Beverage Manufacturing Digital Media Campaign
New York State Policy and Programs
DiNapoli Releases Annual IDA Report: IDA Projects Reached a Record High Value of $132 Billion in 2022, Received More Than $1 Billion in Net Tax Exemptions
New York's local Industrial Development Agencies (IDAs) reported 4,320 active projects with a record high total value of $132 billion in 2022, an increase of $5 billion (3.9%), from 2021, according to state Comptroller Thomas P. DiNapoli's annual report. "IDAs were created to help grow local economies, businesses and job markets," DiNapoli said.
DiNapoli's report summarizes the most recent annual data, which is self-reported by IDAs through the Public Authorities Reporting Information System. | See the report's details here.
DiNapoli: Local Sales Tax Collections Up 1.5% in April Compared to Last Year
Local sales tax collections in New York state increased by 1.5% in April compared to the same month in 2023, according to data released by State Comptroller Thomas P. DiNapoli. Overall, local collections totaled $1.76 billion, up $26.1 million from the same time last year. | Visit the OSC website for more information.
