History of Empire State Development

History of Empire State Development: 

"In 2007, an Upstate ESD headquarters opened in Buffalo in recognition of the different economic challenges posed in the two parts of the State.   

Two chairs were appointed, one for ESDC Downstate and the other for ESDC Upstate. The ESDC board also authorized the creation of a subsidiary, Upstate Empire State Development Corporation, to concentrate on Upstate issues."



In 2008, Governor David A. Paterson brought the two components of ESDC back together again, 


emphasizing that New York is truly “One State.”  The former Upstate and Downstate offices now work together seamlessly to ensure that New York’s economic development strategy benefits the entire State while being mindful of the specific resources and special challenges of each region.

In January 2011, Governor Andrew M. Cuomo appointed Kenneth Adams

as ESD President & CEO and DED Commissioner. Mr. Adams was confirmed by the Legislature on April 5, 2011. 

In May 2011, Governor Andrew M. Cuomo appointed 

Julie Shimer

 as Chair of ESD. She was confirmed by the New York State Senate in June 2011.

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Some Useful Links from:

www.esd.ny.gov/BusinessPrograms

Empire State Development:

Provides a variety of assistance aimed at helping businesses; whether it is an international company looking to make a move or a small business owner wanting to access capital – ESD is there to help. 
They offer loans, grants and tax credits, as well as other financing and technical assistance, to support businesses and encourage their growth within New York State.

Through the New York State Consolidated Funding Application (CFA), a single application for multiple sources of state funding, New York State is soliciting grant applications for funding to advance the priorities of the Regional Economic Development Councils (REDC).The following programs are available through the CFA: 

All of the links below are available at:

 http://www.esd.ny.gov/BusinessPrograms.html

Grant, Loan and Tax Credit Programs:

Build Now-NY/Shovel Ready Program
Champlain Bridge Assistance Program
Commercial District Revolving Loan Trust Fund
Community Development Financial Institution Assistance Program (CDFI)
Disaster Recovery

Economic Development Fund
Economic Development Purposes Grants
Economic Transformation Program 

Entrepreneurial Assistance Program (EAP)

Excelsior Jobs Program
Environmental Investment Program
Global Market Export Services (GEMS)
Healthy Food & Healthy Communities Fund


Industrial Effectiveness Program (IEP)
Job Development Authority (JDA) Direct Loan Program
JOBS Now
Jobs Retention Program (ESJRP)
Manufacturing Assistance Program (MAP)
Metropolitan Economic Revitalization Fund (MERF)
Micro Lending Program
Minority and Women-owned Business Lending (MWBDL) Program
Minority and Women Revolving Loan Trust Fund Program
Regional Council Capital Fund
Regional Revolving Loan Trust Fund (RRLTF)
Small Business Revolving Loan Fund
Transportation Capital Assistance Program   
Urban and Community Development Program (UCDP)
World Trade Center Job Creation & Retention Program (JCRP)


Tax Credits:
Brownfield Cleanup Program
Empire Zones - This program is closed to new entrants.
New Markets Tax Credits
New York State Film Tax Credit Program
New York State Commercial Tax Credit
Other Tax Credits & Incentives

Other Financing and Technical Assistance:
Business Mentor NY
New York State Surety Bond Assistance Program (NYSSBAP)
The Capital Access Program
Environmental Assistance
Export Marketing Assistance Service (EMAS)
Governor's Office for Motion Picture & Television Development
The Innovate NY Fund
Linked Deposit Program (LDP)
New York Beverage Business (Beer, Spirits & Wine)
New York Empowerment Zone (NYEZ)
New York State Land Bank Program (NYSLBP)
Procurement Assistance Program
STEP Program
World Trade Center Rent Reduction Program (WTC RR)


For Information – these programs are not currently accepting applications:
Restore New York Communities Initiative
Upstate Regional Blueprint & Downstate Revitalization Funds