More than $ 81 million has been awarded to support 97 priority projects in New York State under the eleventh cycle of the Regional Economic Development Council initiative.
This year, $ 150 million in Empire State Development grants were made available on an ongoing and competitive basis to meet the immediate needs of applicants. In addition, projects in each region are eligible for a share of $ 75 million in Excelsior Jobs program tax credits to help attract and develop businesses in their region.
Here in western New York State, a $ 2 million grant from Empire State Development will go to Buffalo Studios, which is building an $ 80 million Hollywood-quality movie studio in South Buffalo. The facilities will support the film, television and games industries, enabling the production of feature films and television series as well as post-production, animation, games and technological development of the industry.
This includes plans for a partnership with the University of Buffalo to provide educational opportunities for college students and residents of western New York State. The project will also include the construction of an on-site daycare center and is expected to create 22 new jobs.