The Buffalo Chronicle
Empire State Development
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Opportunity Zone nominations close today, and New York hasn’t said which neighborhoods made its list
Wednesday is the extended deadline for governors to nominate the next decade of Opportunity Zones. New York can pick 429 of 1,716 eligible tracts, including 84 in Erie County, and hasn’t published…
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Chautauqua IDA is hiring engineers to see if 500 lakeshore acres at Eagle Bay can become an industrial park
Proposals were due Monday for engineering and environmental work on the vacant Eagle Bay site in Sheridan, funded by $1.35 million. The IDA says it has no tenant or market study yet,…
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Niagara Falls’ first North Main Street tax break: what $376,523 in incentives buys at 2109 Main
The Niagara County IDA’s first incentive deal on the north end of Main Street backs a $1.13 million, six-apartment renovation of a former nightclub. It is a test case for a corridor…
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A state broadband grant for Buffalo’s affordable housing has grown 67% while its promised reach shrank by a third
Empire State Development wants to raise a ConnectALL grant for low-cost fiber in Greater Buffalo affordable housing to $4.75 million, even as the number of homes it would reach has fallen from…
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New York’s quantum study ranks the state second nationally, but finds Western New York’s footprint thin
A new state-commissioned study ranks New York second in the nation for quantum technology, but its regional map shows only a small cluster of activity in Western New York as the state…
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Albany funds two East Side parks in one day. One is the city’s; the other belongs to a developer-backed nonprofit
The state put $1.2 million into a city-owned park in Broadway-Fillmore and $6 million into Millrace Park, a privately owned park anchoring the Larkin District’s next phase. The second deal leaves questions…
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Rochester lands a $375 million rare earth plant for $3 million in state credits. Buffalo’s last deal cost more per job
Phoenix Tailings will separate rare earths from mining waste at Eastman Business Park, backed by up to $3 million in Excelsior credits for 90 jobs. That’s about $33,000 a job on paper,…
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Solstice will make its Buffalo lab its global research hub, with $1.4 million in state credits for 12 new jobs
The Honeywell spinoff is putting $49 million into its Peabody Street R&D site as it races to develop next-generation refrigerants. The state’s Excelsior credits work out to about $117,000 per new job,…
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Broadway Market’s $45 million makeover slips to 2027. Here’s what the design would change
A tax-credit delay has pushed the Broadway Market rebuild to spring 2027. The plans would restore its 1956 Art Moderne face, tear down the rear garage and cut planned parking from 135…
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43North’s final pitch is over. The biggest return on New York’s startup bet now sits in a foundation
43North handed out its last $5 million this month. Tax filings show how a state-funded stake in ACV Auctions became a $61 million foundation that now decides how Buffalo’s startup money gets…
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Copart now owns ACV, and the merger filings show what Buffalo workers were promised, and for how long
Copart closed its $1.9 billion cash purchase of Buffalo’s ACV Auctions on Oct. 16. The filings guarantee employees’ pay for one year but describe no commitment to keep the headquarters or jobs…
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Hochul is planning a sweeping revitalization of Coney Island, plans to double beach acreage
Governor Kathy Hochul has directed Empire State Development to begin preparing a sweeping revitalization plan for the storied Coney Island section of New York City — in what is expected to be a…
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Hochul, Schumer are in talks with MLB to land Brooklyn and Rochester expansion franchises
Governor Kathy Hochul and Senator Chuck Schumer are in talks with Major League Baseball (MLB) to land the State two new team franchises: one in Brooklyn and another in Rochester. Robert D. Manfred,…
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Kathy Hochul wants to land Ryanair’s North American hub at MacArthur airport on Long Island
(December 26, 2021) — Governor Kathy Hochul is looking to pitch Ryanair CEO Michael O’Leary on locating the discount European carrier’s North American headquarters at Long Island’s MacArthur International Airport. The airline…
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Hochul is open to creating a ‘South Harbor’ development corporation
(December 25, 2021) — Governor Kathy Hochul is open to creating a second economic development corporation in Buffalo that will be tasked with waterfront transformation, in order to complement and accelerate the…
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DiNapoli is being urged to acquire Niagara Falls Redevelopment, LLC
Urban planners and economic development experts are urging Comptroller Thomas DiNapoli to invest in Niagara Falls by acquiring Niagara Falls Redevelopment, LLC, which controls more than 140 acres of prime real estate in…
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Niagara Falls is poised for development, but will Empire State Development deliver
For years, Empire State Development blamed its lackluster performance in Niagara Falls — through its subsidiary investment vehicle USA Niagara Development — on its lack of landholdings in the tourism district. Without…
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Planning a Niagara revival for years, it’s time for Cuomo to help Milstein, Trevino
No area businessman has been more dogged in his pursuit of Niagara Falls’ economic revival than Roger Trevino, the former NFL sports agent from Texas who now manages Manhattan billionaire Howard Milstein‘s…
