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Economic Development

4 Times Square, developed by the Durst Organization, is a shining example of progressive green building design....and a commitment by the private sector to support renewable energy technologies. As New York City moves into the next century and rebuilds, post 9/11, it will be structures such as 4 Times Square that chart the course for new urban development.

NYSERDA's economic development program is designed to improve New York State's business climate by creating strategic partnerships with the public and private sector that support product development and the use of energy-efficient technologies. By supporting the transition of a restructured energy market, NYSERDA works to strengthen the State's ability to remain competitive during periods of economic recession and volatile energy pricing.

Using a regional marketing approach through its Albany headquarters and two regional offices in Buffalo and New York City, our economic development program seeks to identify quality projects that fit into the scope of NYSERDA's funding and program offerings and provide technical and financial assistance to companies concerned about energy and environmental efficiency.

Hauptman-Woodward Medical Research Institute photo

Hauptman-Woodward Medical Research Institute constructed a $24 million, 72,000 sq. ft. Structural Biology Research Center and added 40 new jobs in the heart of the Buffalo Niagara Medical Campus. HWI participated in NYSERDA's New Construction program.

Through partnerships with organizations such as the NYS Empire State Development Corporation, chambers of commerce, local development corporations and business trade groups, NYSERDA brings its public benefit programs to regional markets targeted as having high potential for increased energy efficiency and positive economic impact on the local economy.

STEP^®

As part of our Economic Development efforts NYSERDA also owns and sponsors the
Saratoga Technology + Energy Park (STEP). Established in 2001, STEP® is a 280-acre
site located in Malta, New York, master-planned for 1.25 million square feet of
office, lab, and light manufacturing.

STEP is a special destination for clean-energy and environmental technology companies in the heart of New York's Tech Valley. More than a physical site, it is a fully-integrated knowledge community that includes programs, services, partnerships, and amenities to support the success of companies and their employees. STEP is located in the heart of a region with sophisticated and diverse resources for living and doing business. NYSERDA is committed to its new use and life in nurturing the technologies that will address energy needs and environmental conservation for the long range future.

Energy Incentives for Businesses

LookUpStateNY.com provides information on assistance, incentives, and funding assistance for NYSEG and RG&E commercial customers who are expanding or starting a new business in New York State.

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