DASNY Press Releases

Justice-Impacted Licensee to Open Newest Cannabis Dispensary Outside of New York City

Major Milestone for New York State's Cannabis Industry with January 24 Opening in Manhattan

Supported by the New York Cannabis Social Equity Investment Fund, Dispensary Provides Opportunity to Fast-Track Sales and Build Initial Capital for Licensee

Locations to be Operated by Entrepreneurs Impacted by Inequitable Enforcement of Cannabis Laws

The New York Social Equity Cannabis Investment Fund, LP (the “Fund”) in conjunction with the Social Equity Servicing Corporation (SESC), a Dormitory Authority of the New York State subsidiary, announces that 10 teams of firms have been awarded bids to design and construct the first adult-use retail cannabis dispensaries to be opened in New York.

Governor Kathy Hochul today announced next steps toward advancing equity in New York's growing cannabis industry. Today's announcement includes the selection of Social Equity Impact Ventures, LLC, a premier minority-led investment team, to sponsor and manage the $200 million New York Social Equity Cannabis Investment Fund.

DASNY Seeks Firms for $200 million Social Equity Program to Develop Conditional Adult-Use Retail Cannabis Dispensaries for Social Equity Licensees

The Dormitory Authority of the State of New York (DASNY) today announced that it has released two requests for proposals (RFPs) relating to the Social Equity Cannabis Investment Program (the Program) that was included in the FY 2023 Enacted State Budget.

DASNY to Develop Agreement to Help Improve Construction Projects in Nassau and Suffolk. Adding Green Collar Jobs to Help Achieve Goals of the Climate Leadership and Community Protection Act. Pipeline to Family-Sustaining Construction Careers through Union Apprenticeship Programs. Governor to Appoint Labor Representative to Climate Action Council. 

Reuben R. McDaniel III, President & CEO of The Dormitory Authority of the State of New York (DASNY) announced today DASNY has issued $30.7 million in low-cost tax-exempt bonds to enable the Oceanside Library on Long Island to expand and renovate its facility and to refund outstanding debt to achieve near-term debt service savings. The transaction is rated Aa2 by Moody’s.
Governor Kathy Hochul today announced the completion of $5.5 million in resiliency upgrades in Broad Channel, a low-lying island in Jamaica Bay. Lieutenant Governor Brian Benjamin joined Governor's Office of Storm Recovery (GOSR) Executive Director Katie Brennan, Queens Borough President Donovan Richards, as well as other community leaders and elected officials during today's ribbon cutting ceremony and celebrated the completion of this multi-year investment.
Reuben R. McDaniel, III, President & CEO of The Dormitory Authority of The State of New York (DASNY) announced today $8 billion in low-cost financing obtained through DASNY was issued in 2021 to help school districts and higher education, and not-for-profit institutions reduce costs through low-cost financing.
Reuben R. McDaniel, III, President & CEO of the Dormitory Authority of the State of New York (DASNY) announced today that DASNY completed $312 million in construction projects for higher education and health care institutions statewide in 2021.