Empire State New Market Corporation Meeting Of The Directors
The Directors reviewed several New Markets Tax Credit (NMTC) projects. The Board approved a NMTC sub-allocation to finance infrastructure and operational costs for Harvest Prime, a food distribution business, and authorized the sub-allocation of NMTCs for three rural Walgreens locations to maintain operations. Additionally, the Board authorized a contract amendment for accounting services with CohnReznick, LLP, and reviewed a proposed project for the construction of a multi-service community facility for the Variety Boys & Girls Club of Queens, which included the approval of a General Project Plan and NMTC financing.
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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.
May 21, 2026·Board meeting
Empire State Development Directors' Meeting
The board meeting focused on several key topics, including a president's report highlighting the successful achievement of MWBE goals for the Buffalo Bills Highmark Stadium construction and updates on project completions in the Southern Tier. Additionally, the directors approved new program guidelines for the New York Kicks program, which provides capital funding for community soccer fields. A spotlight presentation was also provided regarding the large-scale Micron project in Clay, New York, detailing its economic impact, job creation projections, and the state's efforts in facilitating the initiative through the Governor's Office of Semiconductor Expansion, Management, and Integration.
