NYSEDC's 900 members work to build vibrant, diverse, and sustainable communities throughout New York State.

 
 
globalFoundries
Featured Project:
GLOBALFOUNDRIES Fab 2

$4.2 Billion dollar leading-edge semiconductor manufacturing facility located at the Luther Forest Technology Campus in Saratoga County, NY. Construction of the facility is expected to require approximately 5 million man hours, supporting over 1,600 jobs and with the potential for an additional 2,700 jobs through economic multipliers. The project will create approx 1,400 new direct semiconductor manufacturing jobs once full scale production is achieved, with an average annual salary of $60,000 and an estimated annual payroll of more than $88 million. The project is expected to create an additional 5,000 indirect jobs in the region with a sustained estimated total payroll for both direct and indirect jobs of $290 million dollars per year.

 
Interactive:
Map of New York's Assets

New York's regions have many important human and physical economic development assets, including world class economic and workforce development organizations, technology transfer offices, leading colleges and universities, and much more. Discover these assets through the NY Asset Map.

Latest News

December 18: Newsday
Suffolk IDA approves tax breaks for Steel Equities' Forest Labs project

December 16: WRVO Public Media
Madison County to use waste to power businesses

December 16: Syracuse.com
Business gets tax break on expansion that will create 200 jobs in downtown Syracuse

December 11: Times Herald Record
$100M retail center slated for Newburgh

December 11: MidHudson News
Ulster lighting company gets help from IDA

December 11: Genesee Sun
Coast Professional Inc. Expanding as a Result of Success

December 2014

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List of Upcoming Events

When: 01/20 12:00 am – 01/22 11:59 pm
When: 05/20 10:00 am – 05/22 11:00 am
When: 06/22 12:30 pm – 06/25 3:30 pm