Columbia province economic development entity ponders future. North Country projects to share $65M in economic development funds
Wednesday, Governor Andrew Cuomo declared that going to get a share of $755 mn in economic development funding.
It’s the 7th year of the Regional Economic development Councils, known as REDCs.
$3 mn going to go into a fund to push forward lodging projects across the North Country.
Related stories: the method many jobs does $8B in economic development spending in reality buy?
Full disclosure – North Country Public Radio was awarded $70,000 in REDC funding for its North Country At Work project.
WNY awarded $68.8 mn for economic development projects
Western NY was awarded $68.8 mn in the latest round of state funding for economic development projects.
Its total ranked 6th top between the ten zones which were awarded funding at a presentation in Albany on Wednesday.
The $68.8 mn going to go toward 112 Western NY projects, involving funding for a sewer project along Chautauqua Lake, restoring the previous Crawford Hotel in Cattaraugus, & neighborhood improvements in Niagara Falls.
In remarks at the funding presentation, Cuomo derided the “ad hoc” approach the state used to apply to economic development.
But his economic development awards programme too has its critics.
New York awards $755M in economic development funding
Communities in NY state are splitting $755 mn in state economic development funding.
State officials declared the awards Wednesday at an event in Albany.
The money going to backing hundreds of native economic development efforts, involving job training, subsidies for expanding businesses & funding for society organizations.
This year’s large winners involve central fresh York, the Mohawk Valley, the Albany region, the mid-Hudson Valley & Long Island, that each received further than $80 million.
Andrew Cuomo the state has awarded hundreds of millions of dollars to the ten zones based on economic development suggestions they submit to the state.
collected by :Mathio Rix