The Finger Lakes, Central, Mohawk Valley, Capital, Mid-Hudson and New York City regions are the five "top performers" announced this week as part of the 2018 Regional Economic Development Council Round VIII Consolidated Funding Awards.
Each of these five regions was awarded more than $84 million in funding to support various economic development projects ranging from environmental issues to job training to infrastructure improvements and cultural initiatives. In total, more than $763 million was awarded across New York state by the Regional Economic Development Council; which will, in turn, support 1,055 separate projects.
Individual regional awards were as follows:
Western New York: $66 million, 118 projects
Finger Lakes: $86.5 million, 141 projects
Southern Tier: $65.4 million, 101 projects
Central New York: $88.2 million, 91 projects
Mohawk Valley: $85.4 million, 77 projects
North Country: $64.8 million, 70 projects
Capital Region: $67 million, 95 projects
Mid-Hudson: $87.1 million, 122 projects
New York City: $84.4 million, 137 projects
Long Island $68.3 million, 103 projects
The full listing of
economic development funding awards includes the individual project descriptions, sources of funding and award amounts.
The original concept of the Consolidated Funding Awards competition was to foster "bottom up" economic development in New York, creating jobs and reducing the unemployment rate. In 2018, funding was available through over 30 programs available through 12 state agencies, including Empire State Development; NYS Canal Corporation; NYS Energy Research and Development Authority; Environmental Facilities Corporation; Homes and Community Renewal; Department of Labor; New York Power Authority; Office of Parks, Recreation and Historic Preservation; Department of State; Department of Environmental Conservation, Department of Agriculture & Markets and Council on the Arts.
Since the program started in 2011, more than $6.1 billion has been awarded to more than 7,300 job creation and community development projects consistent with each region’s strategic plan.
