Empire State Development

The Empire State Development Corporation Board of Directors voted late last month to enter into an agreement with the Port Authority of New York & New Jersey that will have a positive impact on the New York Harbor in both the short- and the long-term. The agreement to finance the disposal costs of dredged materials wil...l immediately benefit Caddell Dry Dock & Repair Company with the retention of 200 jobs at its Staten Island shipyard. It will also contribute to New York State’s overall strategy for efficient and effective material management, as well as contamination remediation in the New York/New Jersey Harbor.Read More

Empire State Development today announced that Robinson Home Products, a kitchen tool and gadget distributor in Cheektowaga, New York, has acquired the exclusive rights to manufacture and sell Oneida Ltd. brand flatware and dinnerware to all consumer markets in the United States. Through this acquisition, Robinson will... invest a total of $16.1 million, retain its current workforce of 81 employees and create an additional 88 jobs in Western New York.Read More

Small businesses are the heart of the American economy, responsible for half of all private sector jobs and creator. Yesterday Governor Paterson announced the award of $3.8 million to Community Development Financial Institutions (CDFIs) in New York, which serve the small business community. Allocated through Empire Sta...te Development (ESD), the funds will lead to improved access to capital for small businesses and Minority- and Women-Owned Business Enterprises (MWBEs).Read More

Governor David A. Paterson and Empire State Development (ESD) today announced the award of $10 million to keep GE Aviation Systems North America Inc. in Bohemia, Long Island. The site was at risk of being closed, but through a partnership with the State of New York and multiple agencies and organizations, the offer wil...l keep the Bohemia plant in operation. The offer will provide more than $180 million in capital and operational investments, which includes $163 million in payroll, and will retain high-paying jobs over the next 10 years.Read More

In addition to the Brooklyn Navy Yard funding recipients included: the Walkway over the Hudson, The Apollo Theater Foundation Inc., The Town of Riverhead Calverton Rail Rehabilitation, and the Brooklyn Brewery. The brewery is the largest manufacturer of craft beer in New York City, is undergoing an expansion at its fac...ility in Williamsburg, Brooklyn. The multi-phased $6.5 million dollar project will convert 13,500 square feet of vacant distribution space into a beer fermentation facility, increasing brewing capacity in Brooklyn from 8,000 to 50,000 barrels per year. The project will result in the retention of 27 jobs and the creation of 15 new jobs.Read More