ALBANY Gov. Andrew M. Cuomo today announced that $738 million has been awarded through Round Two of the Regional Economic Development Council initiative.
The regional councils were put in place in 2011 to redesign the state's approach to economic development from a top-down model to a community-based, performance-driven approach. The initiative empowers community, business, and academic leaders, as well as members of the public in each region of the state, to develop strategic plans specifically tailored to their region's unique strengths and resources in order create jobs and support economic growth, according to the governor's office.
A full list of recipients can be found at the Capital Region Scene.
As part of the second round of the Regional Council process, Cuomo, Lieutenant Gov. Robert Duffy, and a Strategic Implementation Assessment Team composed of state agency commissioners with Brookings Institution and senior staff, traveled to every region of the state to view progress on projects that have received state funding, as well as assess projects included in the region's 2012 application.
"For the second year in a row, the regional councils have been on the forefront of rebuilding New York state's economy," Cuomo said. "For too many years, top-down economic development policies have failed communities across the state and not truly invested in the unique resources and strengths of each of New York's regions. The strategic plans created during this process have given each region a comprehensive, locally created plan for future economic growth."
• $850,000 to support rebuilding efforts in the Town of Prattsville focused on new homes, parks and streetscape improvements.
• $775,000 to allow the Hudson Valley Agribusiness Development Corporation to expand food processing and distribution capacity for firms that serve New York State farms.
• $500,000 will be made available to support the NY CAP Research Alliance to encourage collaborative research among member organizations including RPI and Albany Medical Center to attract future federal and industry funding.
• $ 4 million is being provided to preserve the historic nature and long-term value of Kiernan Plaza, attracting economically stable and synergistic high-tech companies to downtown Albany.
• $1 million install a new biomass fueled cogeneration plant and gas fired steam turbine to produce additional steam and electricity at the Watervliet Arsenal to preserve the existing Army R&D and manufacturing operations, as well as attract new businesses to the Watervliet Arsenal.
• $950,000 to redevelop the Albany Waterfront into a premier destination for waterfront events and performances, as well as a local and regional destination for recreation, waterfront access and services, and Hudson River-based tourism.
• $1 million to support the expansion of the Rotterdam MultiModal Center allowing Railex, a growing national transportation logistics and distribution company, to make the Capital Region a “Hub” for energy efficient rail transport.
• $150,000 to allow Transfinder, a growing local technology company, to expand into additional space in downtown Schenectady and create the NYBizLab, a business accelerator targeted to technology start-ups.
• $150,000 for the Albany College of Pharmacy and Health Sciences to upgrade its laboratory facilities for student and research use, including installation of precision instrumentation.
• $250,000 for Rensselaer Polytechnic Institute to develop a shared-use laboratory facility in the Rensselaer Technology Park Campus. An existing facility located within the Tech Park will be acquired, updated and renovated for use by collaborating academic and industry research groups, supporting the regional research initiatives and alliances.
• $1.375 million to enable Amsterdam's Mohawk Fabric, a manufacturer and distributor of industrial and commercial textiles and fabrics, to expand its manufacturing facility, invest in two knitting machines, and install a 50-70 Kwan solar energy system, in order to accommodate demand for new orders and eliminate out-of-state outsourcing currently being done.
• $1 million to expand capacity at the Gloversville/Johnstown Waste Water Treatment Facility to accommodate Greek-style yogurt maker FAGE USA's $150 million expansion.