Empire State Development

The committee reviewed the proposed annual operating budget for fiscal year 2026-2027 and non-programmatic capital expenses, noting a decrease in the overall budget primarily due to a reduction in open staff positions and a shift in consulting expenses. The committee also received an internal audit progress report covering completed audits and the audit plan for the upcoming fiscal year, which includes reviews of various departments and state programs.

The meeting provided technical instructions for presenters and attendees joining the webcast, including guidelines on managing audio muting and microphone usage to ensure clear communication during the session.

The Directors discussed and approved several initiatives, including funding guidelines for the Championing Albany's Potential Initiative, capital grants for the Railroad Museum of the Niagara Frontier and the Buffalo History Museum, and a New York Forward grant for a development project in Geneseo. The Board authorized the creation of a Workforce Housing Production Fund to address housing demand near the Micron Technologies project site, and approved funding for cultural destination development in the Hudson Valley. Additionally, the Board authorized Local Assistance awards for various theaters and organizations, a mixed-use development project grant in Johnson City, a green trades training program in Brooklyn, and a venture capital investment in Atommap, Inc. Finally, the Board affirmed the modified General Project Plan for the Village of Haverstraw Chair Factory Redevelopment Project, including details on residential units and community amenities.

This media advisory announces an upcoming public meeting of the Audit and Budget Committee of the New York State Urban Development Corporation, doing business as Empire State Development. The advisory outlines procedures for public attendance, including RSVP requirements for in-person participation and instructions for submitting written comments regarding agenda items prior to the meeting.

The media advisory provides information regarding an upcoming meeting of the Board of Directors for the Erie Canal Harbor Development Corporation, which is open to the public and accessible via physical attendance or webcast.