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Empire State Development

Sports
Breaking Ground: Here's What Islanders' New Arena Will Look Like Breaking Ground: Here's What Islanders' New Arena Will Look Like
Breaking Ground: Here's What Islanders' New Arena Will Look Like Home sweet home. New York Gov. Andrew Cuomo, NHL Commissioner Gary Bettman and other local leaders were on hand on Monday, Sept. 23 to break ground at Belmont Park, the $1.3 billion future home of the New York Islanders. According to officials, “announced in December 2017, the Belmont Redevelopment Project will turn 43 acres of underutilized parking lots at Belmont Park into a premier sports and hospitality destination, including a new 19,000-seat arena for the New York Islanders hockey team and other events, a 250-key hotel, a state-of-the-art retail village and office and community space.…

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by Zak Failla
Business
Ama-gone: NY Governor Cites 'Small Group Of Politicians' For H2Q Collapse Ama-gone: NY Governor Cites 'Small Group Of Politicians' For H2Q Collapse
Ama-gone: NY Governor Cites 'Small Group Of Politicians' For H2Q Collapse Amazon’s shocking decision to back out of a deal to set up shop in New York has Gov. Andrew Cuomo pointing fingers at “a small group of politicians.” The online retail behemoth announced on Thursday that it is no longer planning to construct a new headquarters in Long Island City, bringing more than 25,000 jobs to the region. The company said that despite the support of New Yorkers, it has decided to only move forward with their new campus in northern Virginia. “After much thought and deliberation, we've decided not to move forward with our plans to build a headquarters for Amazon in Long I…

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by Zak Failla
Business
IBM Investing $2 Billion In New York For Artificial Intelligence Research IBM Investing $2 Billion In New York For Artificial Intelligence Research
IBM Investing $2 Billion In New York For Artificial Intelligence Research IBM is making a big investment in its future in New York. The Westchester-based company announced that it will be teaming with SUNY Polytechnic Institute to create a new “hardware lab” in Albany as part of a $2 billion pledge by the company to spread its footprint in New York. The AI Hardware Center at SUNY Poly will be established for artificial intelligence-focused computer chip research, development, prototyping, testing and simulation. Once established, officials said “the AI Hardware Center will be the nucleus of a new ecosystem of research and commercial partners, and further solidify…

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by Zak Failla
Business
Dannon To Move Into New $30M White Plains Headquarters Dannon To Move Into New $30M White Plains Headquarters
Dannon To Move Into New $30M White Plains Headquarters The finishing touches are being put on the new Danone company building in White Plains, and next month some 400 employees will be moving from their current Greenburgh location to the new digs. "It's a fabulous space," Michael Neuwirth, a spokesman for Dannon. "It's going to be an exciting move." The owner of Dannon yogurts, Evian water, and other food products, the company announced Thursday that the new $30 million headquarters are almost complete and all should be ready in June. The new 85,000-square-foot building, located in the "The Premises," on Maple Ave…

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by Kathy Reakes