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 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.
Jul 23, 2026·Board meeting
New York State Urban Development Corporation Meeting Of The Directors
The meeting included several key presentations and approvals regarding financial assistance and project development. Key discussion topics included the adoption of program guidelines for the Rochester-Monroe Transformation Initiative; the approval of Regional Council Capital Fund grants for projects such as TheZone at the Jamestown Center City Development Corporation, the Cornell Agriculture and Food Technology Park Tech Farm II Expansion, the Central Association for the Blind facility renovations, and the Troy Savings Bank Music Hall expansion; an Upstate Revitalization Initiative grant for NUAIR to support commercial drone operations and STEM Camps for the Griffiss Institute; a working capital grant for the Fulton County Center for Regional Growth Expertise Project; and the approval of New York Forward and RECAP grants for the Groton Hotel restoration, Hudson River Valley Resorts development, and BK Apartments construction. Additionally, the Board authorized grants for the Vine Enterprises redevelopment of the Pleasant Valley Winery and the construction of the Tang wing for American Democracy at the New York Historical Society.
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.
