What Programs are Empire State Development Creating with $500 Million in NY State?

Hope Knight, President and CEO of Empire State Development, talks about how it plans to support small businesses in New York state with funding for training and workforce development programs, access to capital, and more to drive the state’s economic engine. She speaks with Gene Marks on Paychex THRIVE, a Business Podcast, about the push to amplify industries such as film and biotech, as well as tax credits available for creating jobs and hiring formerly incarcerated individuals. The state received $500 million in federal money and has plans to try to extend this over 10 years to help businesses.
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#EmpireStateDevelopment #NYstateJobs #EconomicDevNY #TaxCredits
Topics Include:
00:00: Opening quote
01:06: Introduction of Hope Knight, CEO of Empire State Development
02:48: What is Empire State Development
04:17: Programs available for small businesses through ESD
05:01: What is the State Small Business Credit Initiative
07:22: Where is the focus of ESD funding
10:25: What industries is ESD focused on for funding and workforce development
14:13: How funding flows to programs that provide training and distribute funds
17:33: Benefits to hiring the formerly incarcerated
22:14: Available tax credits for hiring formerly incarcerated
24:09: Specific programs aimed at film industry in New York City
25:33: Opportunities around biotech industry in central New York
26:48: Wrap-up and thank you
What is the Work Opportunity Tax Credit? bit.ly/49d8mvz
What are the hiring and recruiting trends in 2024? bit.ly/3ULKeMr