Business incubators statewide, including many among our association’s membership, repeated their strong performance in the second round of economic-development awards made by New York State through Governor Cuomo’s Regional Economic Development Council initiative. Awards to our members or their affiliates include:
- $2.5 million to a regional business-acceleration cooperative led by our supporting member High Tech Rochester.
- $500,000 to our member the Central New York Biotech Accelerator in Syracuse, for fit-out with laboratory equipment.
- $7 million for a new Southern Tier High Technology Incubator in downtown Binghamton, a collaboration between our member SUNY Binghamton University and the regional economic-development community.
- $500,000 for a 30,000 square-foot expansion of biotechnology incubation facilities at our member Broad Hollow Bioscience Park at SUNY Farmingdale on Long Island.
- $500,000 for shared-use laboratory equipment at Rensselaer Tech Park, which manages our member the RPI Emerging Ventures Ecosystem.
- $500,000 for expansion of our member the Pratt Design Incubator at the Brooklyn Navy Yard and addition of a low-run garment-fabrication pilot line.
In addition, awards were made to several incubator and accelerators that are not yet members of our association (and we warmly invite them to join us!).
Finally, a $350,000 economic-development incentive award from Empire State Development was made to Dunkirk Bioenergy, a tenant-client of our supporting member the SUNY Fredonia Technology Incubator. For complete details, read Gov. Cuomo’s news release or the full report on all 2012 awards.