Economic Development, Department of

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.

Organization and Staffing

The Department of Economic Development (DED) is governed by a Commissioner, appointed by the Executive. DED is comprised of the following divisions: Strategic Business, Environmental, Motion Picture and Television, Economic Incentives, Tourism, Minority and Women-Owned Business Development, High Technology, and Policy and Research.

Budget Highlights

The Executive Budget recommends $97 million for the Department. Excluding $600M in one-time Federal pandemic funding, which is re-appropriated in the Budget, this is an increase of over $5.8 million from the FY 2022 budget.

The Executive Budget recommends a workforce of 165 FTEs for the Department to help support delivery of key Department programs such as Minority and Women-Owned Business Development.

Major budget actions include:

Minority-and Women-Owned Business Development Program: The budget includes $11 million in new funding for the Minority-and Women-Owned Business Development Program. This increase will support new staff, vital IT upgrades, and the clearing of certification and appeals backlogs.
Centers of Excellence Program: The budget includes $12 million in funding for the Centers of Excellence Program. This reflects appropriation levels consistent with the 2022 Enacted Budget.
Centers for Advanced Technology Program: The budget includes $13.6 million in funding for the Centers for Advanced Technology Program. This reflects appropriation levels consistent with the 2022 Enacted Budget.
$2 million to support the Empire State Entertainment Diversity Job Training Development Fund.
New York State Innovation Hot Spots and New York State Incubators Program: The budget includes $5 million in new funding to support expenses of the Innovation Hot Spots and Incubators Program. Designated Hot Spots and Incubators will serve as high technology innovation incubators, providing growth support funding for start-up companies.
"I ♥ NY” Program: A $2.5 million appropriation is recommended for "I ♥ NY” tourism advertising, the same level as last year.
Tourism Matching Grants: $2.45 million is provided to assist local tourism promotion agencies.

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)

Program Highlights

Marketing and Advertising

This program promotes New York State as a premier tourist destination and business location. Major activities include the “I ♥ NY” advertising campaign and local tourism matching grants administered through locally-based tourism promotion agencies representing the State’s 62 counties. The Department of Economic Development also develops the State’s tourism master plan; targets information to consumers and the travel trade; participates in national and international trade shows; provides technical assistance to tour directors and creates publications for use by the Department and the other economic development agencies.

Business Assistance Programs

To improve the competitiveness of New York State companies, the Department of Economic Development provides assistance to businesses for productivity assessments; business-specific skills training for new and existing workers; and third-party technical assistance to develop strategies for expanding export markets.

Small Business Assistance

The Division for Small Business serves as an ombudsman for small businesses and also offers these enterprises training and technical assistance. In addition, the Department provides State and Federal procurement assistance to small businesses. The Division also operates the Clean Air Act Ombudsman Unit, which helps small businesses comply with these environmental regulations.

Minority and Women-Owned Business Development

The Division of Minority and Women-Owned Business Development was established to increase the participation of minority- and women-owned businesses in State procurement opportunities. The Division identifies and certifies minority- and women-owned business enterprises; publishes a directory of certified firms to market small businesses to public and private sector organizations; and provides technical assistance to minority-and women-owned businesses.

Policy and Research Division

This Division performs policy analysis and economic research; models the economic impacts of economic development projects; supports business development activities; monitors and intervenes in State regulatory activities affecting energy supply, telecommunications, transportation, environmental facilities, and commercial/industrial site and facility development; and coordinates the development and review of State economic development programs.

ALL FUNDS
APPROPRIATIONS
(dollars)
Category	Available FY 2022	Appropriations Recommended FY 2023	Change From FY 2022	Reappropriations Recommended FY 2023
State Operations	29,195,000	40,009,000	10,814,000	32,213,000
Aid To Localities	662,127,325	57,156,325	(604,971,000)	831,163,561
Total	691,322,325	97,165,325	(594,157,000)	863,376,561

ALL FUND TYPES
PROJECTED LEVELS OF EMPLOYMENT BY PROGRAM
FILLED ANNUAL SALARIED POSITIONS
Program	FY 2022 Estimated FTEs 03/31/22	FY 2023 Estimated FTEs 03/31/23	FTE Change
Administration
General Fund	30	30	0
Clean Air
Special Revenue Funds - Other	1	1	0
Economic Development
General Fund	78	98	20
Special Revenue Funds - Other	0	6	6
Marketing and Advertising Program
General Fund	30	30	0
Total	139	165	26

STATE OPERATIONS
ALL FUNDS FINANCIAL REQUIREMENTS BY FUND TYPE
APPROPRIATIONS
(dollars)
Fund Type	Available FY 2022	Recommended FY 2023	Change
General Fund	20,735,000	32,074,000	11,339,000
Special Revenue Funds - Federal	2,000,000	2,000,000	0
Special Revenue Funds - Other	6,460,000	5,935,000	(525,000)
Total	29,195,000	40,009,000	10,814,000

STATE OPERATIONS
ALL FUNDS FINANCIAL REQUIREMENTS BY PROGRAM
APPROPRIATIONS
(dollars)
Program	Available FY 2022	Recommended FY 2023	Change
Administration
General Fund	3,207,000	3,233,000	26,000
Clean Air
Special Revenue Funds - Other	387,000	390,000	3,000
Economic Development
General Fund	12,691,000	23,975,000	11,284,000
Special Revenue Funds - Federal	2,000,000	2,000,000	0
Special Revenue Funds - Other	2,885,000	2,355,000	(530,000)
Marketing and Advertising Program
General Fund	4,837,000	4,866,000	29,000
Special Revenue Funds - Other	3,188,000	3,190,000	2,000
Total	29,195,000	40,009,000	10,814,000

STATE OPERATIONS - GENERAL FUND
SUMMARY OF PERSONAL SERVICE APPROPRIATIONS AND CHANGES
FY 2023 RECOMMENDED
(dollars)
Program	Total		Personal Service Regular (Annual Salaried)
Program	Amount	Change	Amount	Change
Administration	1,763,000	26,000	1,724,000	26,000
Economic Development	12,366,000	2,274,000	12,360,000	2,274,000
Marketing and Advertising Program	2,030,000	29,000	1,971,000	29,000
Total	16,159,000	2,329,000	16,055,000	2,329,000

STATE OPERATIONS - GENERAL FUND
SUMMARY OF PERSONAL SERVICE APPROPRIATIONS AND CHANGES
FY 2023 RECOMMENDED CONTINUED
(dollars)
Program	Temporary Service (Nonannual Salaried)		Holiday/Overtime Pay
Program	Amount	Change	Amount	Change
Administration	0	0	39,000	0
Economic Development	0	0	6,000	0
Marketing and Advertising Program	7,000	0	52,000	0
Total	7,000	0	97,000	0

STATE OPERATIONS - GENERAL FUND
SUMMARY OF NONPERSONAL SERVICE AND MAINTENANCE UNDISTRIBUTED
APPROPRIATIONS AND CHANGES
FY 2023 RECOMMENDED
(dollars)
Program	Total		Supplies and Materials
Program	Amount	Change	Amount	Change
Administration	1,470,000	0	64,000	0
Economic Development	11,609,000	9,010,000	176,000	0
Marketing and Advertising Program	2,836,000	0	665,000	0
Total	15,915,000	9,010,000	905,000	0

STATE OPERATIONS - GENERAL FUND
SUMMARY OF NONPERSONAL SERVICE AND MAINTENANCE UNDISTRIBUTED
APPROPRIATIONS AND CHANGES
FY 2023 RECOMMENDED CONTINUED
(dollars)
Program	Travel		Contractual Services
Program	Amount	Change	Amount	Change
Administration	86,000	0	1,279,000	0
Economic Development	136,000	0	11,238,000	9,010,000
Marketing and Advertising Program	15,000	0	1,495,000	0
Total	237,000	0	14,012,000	9,010,000

STATE OPERATIONS - GENERAL FUND
SUMMARY OF NONPERSONAL SERVICE AND MAINTENANCE UNDISTRIBUTED
APPROPRIATIONS AND CHANGES
FY 2023 RECOMMENDED CONTINUED
(dollars)
Program	Equipment
Program	Amount	Change
Administration	41,000	0
Economic Development	59,000	0
Marketing and Advertising Program	661,000	0
Total	761,000	0

STATE OPERATIONS - OTHER THAN GENERAL FUND
SUMMARY OF APPROPRIATIONS AND CHANGES
FY 2023 RECOMMENDED
(dollars)
Program	Total		Personal Service
Program	Amount	Change	Amount	Change
Clean Air	390,000	3,000	198,000	3,000
Economic Development	4,355,000	(530,000)	355,000	355,000
Marketing and Advertising Program	3,190,000	2,000	86,000	2,000
Total	7,935,000	(525,000)	639,000	360,000

STATE OPERATIONS - OTHER THAN GENERAL FUND
SUMMARY OF APPROPRIATIONS AND CHANGES
FY 2023 RECOMMENDED CONTINUED
(dollars)
Program	Nonpersonal Service
Program	Amount	Change
Clean Air	192,000	0
Economic Development	4,000,000	(885,000)
Marketing and Advertising Program	3,104,000	0
Total	7,296,000	(885,000)

AID TO LOCALITIES
ALL FUNDS FINANCIAL REQUIREMENTS BY FUND TYPE
APPROPRIATIONS
(dollars)
Fund Type	Available FY 2022	Recommended FY 2023	Change
General Fund	50,127,325	45,156,325	(4,971,000)
Special Revenue Funds - Federal	612,000,000	12,000,000	(600,000,000)
Total	662,127,325	57,156,325	(604,971,000)

AID TO LOCALITIES
ALL FUNDS FINANCIAL REQUIREMENTS BY PROGRAM
APPROPRIATIONS
(dollars)
Program	Available FY 2022	Recommended FY 2023	Change
High Technology
General Fund	40,893,325	40,893,325	0
Marketing and Advertising Program
General Fund	7,421,000	2,450,000	(4,971,000)
Research Development Program
General Fund	343,000	343,000	0
State Small Business Credit Initiative
Special Revenue Funds - Federal	600,000,000	0	(600,000,000)
Training and Business Assistance Program
General Fund	1,470,000	1,470,000	0
Special Revenue Funds - Federal	12,000,000	12,000,000	0
Total	662,127,325	57,156,325	(604,971,000)

Note: Most recent estimates as of 05/11/2020

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