Governor Kathy Hochul has launched an enhanced Database of Economic Incentives to increase transparency and accessibility of economic development projects in New York State [a34f08e7]. The database provides detailed information on projects, including total dollars awarded, jobs created, and public-private investment. It has expanded from 26 to 55 data fields and includes thousands of projects from 45 programs across multiple state agencies [a34f08e7].
The database features an interactive dashboard, a map of project locations, and an appendix with specific project details. It is user-friendly, allowing for easy searching, filtering, and analysis of the data. The database is updated quarterly and is one of the largest and most comprehensive in the nation [a34f08e7].
Empire State Development (ESD) is an organization that promotes economic development in New York State. It invests in infrastructure, innovation, and workforce development. ESD supports diverse communities through the Regional Councils and promotes economic opportunities for minority- and women-owned businesses. It provides support for new ventures and strengthens the state's innovation-based economy through partnerships with universities. ESD was formed in 1995 through the consolidation of the Department of Economic Development and the Urban Development Corporation. It has headquarters in Albany, Buffalo, and New York City, as well as 10 regional offices. ESD offers tax-based incentives, assistance programs, and financial support for business growth. It is the umbrella organization for the New York State Urban Development Corporation and the New York Job Development Authority. ESD's mission is to facilitate business growth and job creation across the state [a7d4367f].
Empire State Development has also launched interactive project tracking dashboards for projects awarded through the Regional Economic Development Council Initiative. The database and dashboards align with Governor Hochul's commitment to improving access to government resources and services [a34f08e7].
The initiative has received praise for its data accessibility and transparency. The enhanced database and dashboards aim to provide better information and awareness for informed decision-making and to promote a more equitable and diverse economy in New York [a34f08e7].