Issues: ESDC (Empire State Development Corporation)

Governor Cuomo & U.S. Treasury Department Announce $55 Million in Federal Funding for Small Business Credit Programs

Governor Andrew M. Cuomo today announced that the U.S. Department of the Treasury has approved New York's State Small Business Credit Initiative (SSBCI) application. This will allow the state to access $55.4 million in federal money to fund three new small business lending programs.

September 15, 2011
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Downtown Non-Profits to Receive $17 Million in LMDC Funding

NEW YORK – State Senator Daniel Squadron released the following statement upon today's announcement that a number of downtown non-profits will receive $17 million in LMDC Community and Cultural Enhancement Funding:

Our downtown community and cultural organizations are critical to Lower Manhattan’s continued rebuilding. I'm so pleased that these non-profits, including a number I supported, were recognized for their outstanding work serving and revitalizing Lower Manhattan. Their contributions are as integral as the headline projects that are reviving and transforming our community. This funding will allow that work to continue for years to come.

 

I will also continue to work with Senator Schumer and the community boards to fight for the redevelopment funds necessary to compete the East River Waterfront park, including the redevelopment of Pier 42. This funding is critical to the continued revitalization of Lower Manhattan, providing more open, green space to the Lower East Side and Chinatown, bringing new life to New York’s harbor, and creating a unified Harbor Park – a central park for the center of New York City.

September 7, 2011
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Montgomery Applauds Enactment of "Power NY Act of 2011"

Governor Andrew M. Cuomo signed into law this week an omnibus energy package that encourages new investments in electric generating facilities across New York and creates the nation's first statewide "on-bill" recovery program to increase energy efficiency for homeowners and businesses.

Senator Montgomery is a sponsor of the new Power NY Act of 2011 that will create thousands of jobs and set New York on a course of reliable, cleaner energy while strengthening environmental protections.

August 6, 2011
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SENATOR MONTGOMERY HONORS LIFETIME ACHIEVEMENT AWARD RECIPIENT DOROTHY BURNHAM, A BROOKLYN “RENAISSANCE WOMAN”

The lifetime achievements of Brooklyn native Dorothy Burnham were recognized and lauded by NYS Senator Velmanette Montgomery (D-Brooklyn) during the reading of a Senate resolution, which was unanimously passed by the full Senate during the final days of the 2011 Legislative Session. The resolution paid tribute to Dorothy Burnham’s many notable contributions to our public education system, the advancement of civil rights, and to the promotion of racial and economic equality. Ms. Burnham was also honored for her designation as recipient of the Lifetime Achievement Award by the New York Friends of the People's World. “Dorothy Burnham is a Renaissance Woman,” said Senator Montgomery.

July 11, 2011
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HISTORIC LAND BANK BILL PASSES STATE SENATE

Land Banks are a Long-Term Solution to Problem of Vacant Properties

Senator David Valesky (D-Oneida) announced the unanimous passage of legislation (S663A) he sponsored in the State Senate that would allow for the creation of land banks in New York State. 

June 20, 2011
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Senate Passes IDC Bill to Help Increase Distribution of NY-Grown Products

The State Senate today unanimously passed legislation co-sponsored by Senator David J. Valesky (D-Oneida) and featured in a report by the Independent Democratic Conference that will help further expand the sale of New York State -grown agricultural products. 

May 24, 2011
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Senator Martins, Village of Westbury Get Commitment on Ellison Avenue Bridge

Village of Westbury Mayor Peter Cavallaro, State Senator Jack M. Martins, the chair of the Senate Standing Committee on Local Government, and State Senator Charles Fuschillo, the chair of the Senate Standing Committee on Transportation, met yesterday with Long Island Railroad President Helena Williams and representatives from the New York State Department of Transportation to address the Ellison Avenue Bridge in Westbury, which is badly in need of renovation and rehabilitation.

April 26, 2011
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IDC Calls for End to Deferral of Key Upstate Development Program

Historic Rehabilitation Tax Credit to Leverage $461 M in Upstate Investment; Create 1,600+ Jobs

March 16, 2011
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Majority Boosts Minority And Women-Owned Businesses

Majority Passes the 2010 Business Diversification Act; the New York State MWBE Asset Management and Financial Institution Strategy Act and Secures Budget Reform to Ensure MWBEs Get Fair Access to Capital for Expansion

July 2, 2010
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Majority Passes Excelsior Job Creation Program to Create Jobs and Spur Economic Growth

The Senate Democratic Majority passed legislation creating the Excelsior Jobs Program, a targeted economic development initiative that create jobs, attracts new businesses and encourages investment. Totaling a $1.25 billion investment over 10 years, Excelsior provides tax credits to strategic industries, implements stringent accountability standards, and caps program spending to ensure the wisest investment of taxpayer dollars. 

June 22, 2010
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Legislative Activity For June 14, 2010: Senate Passes Legislation To Keep Government Working, Reduce Spending And More

The Senate Democratic Majority passed legislation to keep government working, preserving essential services used to support employment, health, public safety, transportation, and education related programs, while achieving nearly $330 million spending reductions to close the budget gap.

June 14, 2010
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Legislative Activity For June 14, 2010: Senate Passes Legislation To Keep Government Working, Reduce Spending And More

The Senate Democratic Majority passed legislation to keep government working, preserving essential services used to support employment, health, public safety, transportation, and education related programs, while achieving nearly $330 million spending reductions to close the budget gap.

June 14, 2010
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SENATOR STACHOWSKI SUPPORTS BILL TO PROMOTE MANUFACTURING: Measure Assists Small And Medium Sized Businesses

     Senator William T. Stachowski (D, Lake View), Chairman of the Senate Committee on Commerce, Economic Development and Small Business, today announced the Senate has passed legislation (S.4103) he cosponsored that would  establish a Strategic Network Partnership Program in New York State to coordinate the delivery of agency services for certain manufacturing industries and other producers of goods and services. 

June 14, 2010
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Saving Jobs: Majority Requires ESDC To Make Re-Development Plans For Correctional Facilities

Continuing its commitment to economic growth and good jobs throughout the state, the Senate Democratic Majority today unanimously approved legislation requiring the redevelopment and reuse of state prison facilities considered for closure.  The legislation (S7068/Hassell-Thompson) requires the Commissioner of Economic Development to issue an adaptive reuse plan for state prison facilities that are scheduled to be shut down.  

June 14, 2010
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Business Resource Links

Brought to you by Senate Majority Leader Pedro Espada, Jr., who is also theSenate Vice President of Urban Policy & PlanningFor more information, please contact:Mr. Elison J. ElliottSpecial Adviser to the Senate Majority LeaderEconomic Director - Office of the VP of Urban Policy & PlanningThe Hon. Pedro Espada, Jr., Senator - 33rd Senate District400 East Fordham Road, 7th FLBronx, New York 10458(718) 220-5480, Ext 1546

May 19, 2010
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Senate Approves Members To Key Economic And Urban Development Positions, Authorities And Appeals Boards

The New York State Senate confirmed five appointees to key boards today, including members to the Economic Development Corporation, New York State Department of Economic Development, Urban Development Corporation, Battery Park City Authority, Industrial Board of Appeals, Port of Oswego Authority and New York Convention Center Operating Corporation.

May 12, 2010
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Senator Valesky Announces Plan to Jump Start Job Growth in New York

SYRACUSE, N.Y.-- Today, Senator David J. Valesky (D-Oneida) presented an innovative jobs and economic development program to get New Yorkers back to work. The program, ‘New Jobs New York,’ consists of three targeted initiatives that will:

March 25, 2010
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