August 2012 - Empire State Development - New York State
August 2012 - Empire State Development - New York State
August 2012 - Empire State Development - New York State
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DRAFT – SUBJECT TO REVIEW AND REVISION<br />
execute and deliver any and all documents and to take all actions as he or she may in his or her<br />
sole discretion consider to be necessary or proper to effectuate the foregoing resolutions.<br />
* * *<br />
Chair Shimer moved on to the Regional Council Awards – Round 1 items and asked<br />
Mr. Taxter to present the first of those items.<br />
Mr. Taxter asked the Directors to authorize ESD to make a $4,000,000 grant to the <strong>New</strong><br />
<strong>York</strong> Medical College located in Westchester County.<br />
The funds, he explained, will be used to create incubator and laboratory space for<br />
entrepreneurs, a shared resource facility for virtual incubator participants and a workforce<br />
training program for all of the Region’s biotechnology companies. Mr. Taxter further noted<br />
that the project is expected to create 121 directs jobs, 51 indirect jobs and 82 induced jobs in<br />
the first five years of operation.<br />
Following Mr. Taxter’s full presentation, the Chair called for questions and comments.<br />
Director Adams spoke favorably with regard to the project noting that he had recently<br />
toured the facility with Aimee Vargas, the Director of ESD’s Mid-Hudson Regional Office and the<br />
leaders of Bio-Hud Valley which is a consortium of economic development organizations<br />
advancing the bioscience and life sciences center in Hudson Valley.<br />
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