Central New York, Mohawk Valley, Capital Region, Mid-Hudson and Long Island are the five “top performers” announced December 13th as part of the 2017 Regional Economic Development Council Round VII Consolidated Funding Awards.
Each of these five regions was awarded more than $80 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 $755 million was awarded across New York state by the Regional Economic Development Council, which will in turn support 1041 separate projects.
Individual regional awards were as follows:
Western New York $68.8 million, 112 projects
Finger Lakes $63.9 million, 110 projects
Southern Tier $67.3 million, 83 projects
Central New York $86.4 million, 112 projects
Mohawk Valley $85.5 million, 101 projects
North Country $64.9 million, 81 projects
Capital Region $85 million, 110 projects
Mid-Hudson $84.8 million, 113 projects
New York City $64.8 million, 121 projects
Long Island $84.3 million, 98 projects.
A full listing 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 2017, 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. Consolidated Funding Application competitions have typically been made available during the summer of each year, with announcements made in the fall/winter timeframe. Since the program started in 2011, more than $5.4 billion has been awarded to more than 6300 job creation and community development projects consistent with each region’s strategic plan.