Second Exchange Program, After Paris, to Launch as Part of NYCEDC’s Global Business Exchange The Milan New York Exchange Program Builds upon Both Cities’ Shared Commitment to Global Entrepreneurship and Inclusion New York City Economic Development Corporation (NYCEDC) President Maria Torres-Springer today announced the opening of applications for the NYCEDC Global Business Exchange with Milan. The Exchange will provide New York City companies with access to business opportunities in Milan, Italy, and help Milan-based companies expand their footprints in New York...

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Previous NY Green Bank Investments Have Added Solar at 840 Homes and Wind Turbine Construction in Five Counties; Projects Expected to Reduce Carbon Emissions By Nearly Three Million Metric Tons  Governor Andrew M. Cuomo today announced the closing of four new NY Green Bank transactions, which are expected to generate up to $220 million in clean energy projects, including more than 6,200 residential rooftop solar installations across the state. NY Green Bank investments will also result in up to eight...

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For years, New York — a city not accustomed to being second banana — has looked on as Silicon Valley has solidified its influence over the technology industry. Sure, New York has added tens of thousands of good-paying tech jobs while the Wall Street job engine has sputtered. And the city’s start-ups pulled in $1.94 billion in venture funding in the first three months of this year, the most for any quarter in five years and second only to Silicon...

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Funding Will Build and Expand Large Solar, Wind, Hydro and Other Renewable Energy Projects to Meet State Goal of 50 Percent Renewables By 2030 Governor Andrew M. Cuomo today announced $150 million in funding to support large-scale renewable energy projects across the state. This funding will facilitate public-private partnerships to advance the Governor’s Reforming the Energy Vision strategy and ensure the state meets its goal of generating 50 percent of its electricity from carbon-free renewable energy projects by 2030. “This state...

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Governor Andrew M. Cuomo today announced that in the past four years, 112,000 residential and commercial energy efficiency projects have been completed or are currently under development through New York State clean energy programs. These projects will attract $766 million in private investment and will save customers $341 million on their energy bills each year. Homeowners are saving an average of $56 per month on electric and natural gas bills, and building owners are saving an average of $1,023...

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