New York State’s designation of ‘Innovation Hot Spots’ and ‘Certified Incubators’ favored BIA/NYS members with solid histories of accomplishment and well designed operating plans

Our member incubators with strong track records and plans for the future dominated Empire State Development Corporation’s awards of “Innovation Hot Spots” and “Certified NYS Incubators.” These awards were made under New York State’s Regional Economic Development Council process, and recently announced by Governor Cuomo and Legislative leaders. Source for all awards is here.

The following awards were made to our members for “Innovation Hot Spots,” which will receive support from ESDC for delivery of business incubation services according to best practices and which will also be able to offer certain tax advantages to tenant companies:

Five more Hot Spots are expected to be named over the next year.

The following awards were made to our members for “Certified NYS Incubators,” which will receive support from the state for delivery of business-incubation services according to best-practice standards: 

Several of our member awardees in both categories also operate clean-energy business incubators on contracts from NYSERDA, the state’s energy R&D agency.

We congratulate all our winners and hope the state will be able to finance additional awards in the coming year. We are gratified to see an emphasis on best-practice incubation services rather than only new-facility construction, and support for regional collaboration. 

Additional awards were made to a new Queens Tech Incubator and a new incubator operated by Albany Nanotech/CNSE. We warmly invite both to consider joining our membership

UPDATE (12/16). Here is Empire State Development’s official news release on the awards. 

UPDATE (2/2): further edits for clarity and accuracy. 

UPDATE (12/30+). Additional news releases:

 

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