New York State Economic Development Council

New York State Economic Development Council is a prominent organization that plays a crucial role in promoting economic development in New York State, working closely with Empire State Development, New York State Department of Labor, and New York State Department of Transportation. The council's efforts are often aligned with the goals of Andrew Cuomo, Kathy Hochul, and other key New York State leaders, including United States Senator Chuck Schumer and United States Senator Kirsten Gillibrand. By collaborating with various stakeholders, including Business Council of New York State, New York State Association of Counties, and New York Conference of Mayors, the council aims to foster a favorable business environment, similar to those found in Silicon Valley and Research Triangle Park. This is achieved through strategic partnerships with renowned institutions, such as Cornell University, University of Rochester, and Rensselaer Polytechnic Institute.

● Introduction

The **New York State Economic Development Council** is a vital component of the state's economic growth strategy, often working in tandem with **New York City Economic Development Corporation**, **Buffalo Niagara Enterprise**, and **Central New York Regional Planning and Development Board**. The council's mission is to promote **economic development** in **New York State**, creating jobs and stimulating investment, much like the efforts of **Michael Bloomberg** during his tenure as **Mayor of New York City**. This is accomplished through a range of initiatives, including business attraction and retention, workforce development, and infrastructure improvement, often in collaboration with **New York State Thruway Authority**, **Port Authority of New York and New Jersey**, and **Metropolitan Transportation Authority**. By leveraging the state's unique assets, such as its proximity to **Canada** and its extensive network of **hospitals** and **research institutions**, including **Memorial Sloan Kettering Cancer Center** and **NewYork-Presbyterian Hospital**, the council is able to attract businesses and investment from around the world, including **Google**, **Amazon**, and **Microsoft**.

● History

The **New York State Economic Development Council** was established to address the state's economic challenges, including high taxes and regulatory barriers, which have been a focus of **New York State Legislature** and **New York State Governor**. Over the years, the council has worked with various **New York State** administrations, including those of **Nelson Rockefeller**, **Mario Cuomo**, and **George Pataki**, to implement policies and programs that support **economic development**, such as the **Empire Zone Program** and **Excelsior Jobs Program**. The council has also collaborated with other organizations, including **National Governors Association**, **National Conference of State Legislatures**, and **Council of State Governments**, to share best practices and stay up-to-date on the latest trends and research in **economic development**, often citing the work of **Brookings Institution**, **Urban Institute**, and **Federal Reserve Bank of New York**.

● Organization

The **New York State Economic Development Council** is a membership-based organization that represents a diverse range of stakeholders, including **businesses**, **local governments**, and **economic development organizations**, such as **Hudson Valley Economic Development Corporation** and **Mohawk Valley Economic Development Growth Enterprise Corporation**. The council is led by a board of directors, which includes representatives from **KeyBank**, **M&T Bank**, and **New York Power Authority**, among others. The council also has a staff of experienced professionals, including experts in **economic development**, **marketing**, and **government relations**, who have worked with **United States Department of Commerce**, **United States Department of Labor**, and **United States Department of Transportation**. By working together, the council is able to leverage the resources and expertise of its members to achieve its mission, often in partnership with **New York State Energy Research and Development Authority**, **New York State Environmental Facilities Corporation**, and **New York State Housing Finance Agency**.

● Initiatives

The **New York State Economic Development Council** has launched several initiatives to support **economic development** in **New York State**, including the **New York State Economic Development Council's Economic Development Awards**, which recognize outstanding achievements in **economic development**, similar to the **Stevie Awards** and **International Economic Development Council Awards**. The council has also established the **New York State Economic Development Council's Legislative Agenda**, which outlines the council's priorities for **economic development** policy, often in collaboration with **New York State Assembly** and **New York State Senate**. Additionally, the council has created the **New York State Economic Development Council's Economic Development Toolkit**, which provides resources and guidance for **economic development** professionals, including those from **City of New York**, **City of Buffalo**, and **City of Rochester**.

● Impact

The **New York State Economic Development Council** has had a significant impact on **New York State's economy**, helping to create thousands of jobs and stimulate billions of dollars in investment, often in collaboration with **New York State Department of Economic Development**, **New York State Department of Taxation and Finance**, and **New York State Department of Environmental Conservation**. The council's efforts have also helped to improve the state's business climate, making it more attractive to **businesses** and **investors**, including **Warren Buffett** and **Bill Gates**. By working with **local governments** and **economic development organizations**, the council has been able to target its efforts to specific regions and industries, such as **Syracuse**, **Albany**, and **Buffalo**, and **aerospace**, **biotechnology**, and **renewable energy**, often in partnership with **Lockheed Martin**, **Pfizer**, and **General Electric**.

● Membership

The **New York State Economic Development Council** has a diverse membership base, including **businesses**, **local governments**, and **economic development organizations**, such as **Long Island Association**, **Buffalo Niagara Partnership**, and **Rochester Business Alliance**. Members of the council have access to a range of benefits, including **networking opportunities**, **professional development**, and **advocacy**, often in collaboration with **National Association of Manufacturers**, **United States Chamber of Commerce**, and **National Federation of Independent Business**. By joining the council, members can help shape the state's **economic development** policy and stay up-to-date on the latest trends and research in the field, often through events and conferences hosted by **New York State Economic Development Council**, **Brookings Institution**, and **Urban Land Institute**.