New York State Urban Development Corporation Meeting Minutes
The Directors reviewed and approved the annual Investment Report and Investment Guidelines for the 2025-2026 Fiscal Year. The Board authorized several capital grants under the Regional Council Capital Fund, including projects for Shea's Performing Arts Theatre, Twin Rivers Paper Company, P&M Brick LLC, the Village of Schoharie for the Parrott House redevelopment, Pathfinder Village, Brooklyn Navy Yard for Steiner Studios, Biocogent, and Concern for Independent Living for affordable housing in Hempstead. Additionally, the Board approved a FAST NY grant for site development in the Town of Union and a Downtown Revitalization Initiative grant for the College of Staten Island's Innovation Hub. Further authorizations included Restore New York Communities Initiative grants for multiple municipalities, as well as specific budget-directed grants for FeedMore Western New York and the Metropolitan Opera.
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New York State Urban Development Corporation Directors' Meeting
The board meeting covered several significant items, including the approval of the annual Investment Report and Investment Guidelines. The directors reviewed and authorized various capital grants under the Regional Council Capital Fund, supporting projects like Shea's Performing Arts Center in Buffalo, Twin Rivers Paper in Potsdam, and the Parrott House in Schoharie. Additionally, the board considered funding for economic development projects in Johnson City, Staten Island, Brooklyn, and Stonybrook, along with workforce development and broadband deployment grants. The meeting also included authorizations for legal and consulting services, real estate development project approvals, and reviews of fiscal year budget variance reports.
Jul 23, 2026·Board meeting
New York State Urban Development Corporation Directors' Meeting
The Board of Directors authorized a wide range of corporate actions focused on regional economic development and infrastructure initiatives. Key decisions included the approval of capital and working capital grants for diverse projects, such as site development at technology parks, downtown revitalization efforts, and affordable housing construction. The Board also approved updates to the Affordable Housing Connectivity Program guidelines, authorized investment allocations for New York Ventures, and ratified financing projects via the Empire State New Market Corporation. Administrative actions included the approval of various service contracts related to marketing, IT infrastructure, and grant administration, alongside a review of fiscal budget variance reports.
May 21, 2026·Board meeting
Nys Urban Development Corporation Directors' Meeting
The Directors discussed various corporate actions including the implementation of the NY KICKS program and a spotlight presentation on the Micron Project. Key financial and operational approvals were granted for the FY 2026-2027 Annual Operating Budget and Moynihan Train Hall budgets. The Board authorized the Minority and Women Business Development and Lending Program and the NYSTAR Cleantech Corporate Innovation Challenge. Additionally, several capital grants and general project plans were approved for infrastructure and economic development projects across New York, including the Broadway Market Rehabilitation in Buffalo, the CWT Farms hatchery in Watertown, Herkimer County IDA infrastructure improvements, the Mohawk Valley Community College Fast Track Plus program, Project Polaris Cyber-Security facility construction, and the City Station North II mixed-use development in Troy.
