Economic Development, Department of
skip breadcrumbsAgency Web Site: http://esd.ny.gov/
Mission
Together with Empire State Development, the New York State Department of Economic Development:
- Advises the Governor and Legislature on all major economic development issues and decisions;
- Develops and recommends State economic development strategies;
- Provides technical and financial assistance to businesses through a network of regional offices; and
- Coordinates the efforts of other State agencies, authorities and organizations, as well as local governments, on actions that affect the State’s economy.
Budget Highlights
The Executive Budget recommends $79.3 million for the Department. This is an increase of $4.1 million from the 2012-13 budget. The increase primarily reflects funding to support the new Innovation Hot Spots and Market New York programs offset by the non-recurrence of one-time 2012-13 Legislative adds, and the transfer of funding associated with the Business Services Center, IT consolidation, and the New York State Data Center.
The Executive Budget recommends a workforce of 151 FTEs for the Department, a decrease of 1 FTE from revised 2012-13 levels. The decrease reflects the transfer of the New York State Data Center function to the Department of Labor.
Major budget actions include:
- Innovation Hot Spots Program: The budget includes $1.25 million in new funding to support expenses of the Innovation Hot Spots Program. Newly designated Hot Spots will serve as high technology innovation incubators providing growth support funding for start-up companies.
- Market New York Program: The budget includes $5 million in new funding to support an advertising competition for the best regional marketing plans.
- "I ♥ NY” Program: A $2.5 million appropriation is recommended for "I ♥ NY” tourism advertising, a reduction of $330,000 from 2012-13.
- Tourism Matching Grants: $3.8 million is provided to assist local tourism promotion agencies, a reduction of $170,000 from 2012-13.
- International Trade: A $700,000 appropriation is recommended for international trade activities and offices, the same level as last year.
For more information on this agency's budget recommendations located in the Executive Budget Briefing Book, click on the following link:
Briefing Book – Economic Development (PDF)
| Category | Available 2012-13 |
Appropriations Recommended 2013-14 |
Change From 2012-13 |
Reappropriations Recommended 2013-14 |
|---|---|---|---|---|
| State Operations | 26,985,000 | 30,703,000 | 3,718,000 | 7,988,000 |
| Aid To Localities | 48,222,000 | 48,619,000 | 397,000 | 198,613,000 |
| Total | 75,207,000 | 79,322,000 | 4,115,000 | 206,601,000 |
| Program | 2012-13 Estimated FTEs 03/31/13 |
2013-14 Estimated FTEs 03/31/14 |
FTE Change |
|---|---|---|---|
| Administration | |||
| General Fund | 31 | 30 | (1) |
| Clean Air | |||
| Special Revenue Funds - Other | 2 | 2 | 0 |
| Economic Development | |||
| General Fund | 89 | 89 | 0 |
| Marketing and Advertising Program | |||
| General Fund | 30 | 30 | 0 |
| Total | 152 | 151 | (1) |
Note: Most recent estimates as of 01/22/2013