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Hochul unveils updated database for NYS economic development initiatives

  • / Updated:
  • Staff Report 

Governor Kathy Hochul has introduced an enhanced Database of Economic Incentives, reaffirming her administration’s dedication to transparency and efficient state governance.

This revamped database, originally introduced in 2021, offers comprehensive and regularly updated information on economic development projects across New York State. With its user-friendly interface and accessibility, the database provides a clear view of the state’s economic initiatives and is available for public access.

Empire State Development’s President, CEO, and Commissioner, Hope Knight, emphasized the strides made in transparency through the database’s expansion from 26 to 55 data fields, encompassing thousands of projects across multiple state agencies. The interactive dashboard delivers a broad overview of project investments, job creation, and retention statistics, with detailed summaries based on various economic factors. Users can interact with a project map and delve into an appendix for individual project details, making New York’s database a national leader in economic development transparency.

The state’s commitment to open government is further underscored by the high accessibility score given by Good Jobs First, a watchdog organization that holds governments and corporations accountable in economic development. State Senator Sean M. Ryan and Assemblymember Harry B. Bronson have praised the updated database, acknowledging its role in fostering informed decisions about the state’s economic future and ensuring that New Yorkers understand how their tax dollars are invested. The database is a tangible result of Governor Hochul’s 2023 State of the State pledge to enhance the public’s access to essential government resources and services.