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$755 million awarded for NY economic development

December 14, 2017

Gov. Andrew Cuomo announced more than $755 million in economic and community development funding awarded through Round VII of the Regional Economic Development Council initiative. The Regional Councils were established in 2011 as a community-based and performance-driven approach to economic development. Each of the 10 regions of the state must develop strategic plans tailored to their region. Each region also competed for designation as a “top performer,” to receive up to $20 million in additional Empire State Development grant funding.

The most recent announcements, including the five top performers are:

  • Central New York: Top Performer Awardee | $86.4 million supporting 112 projects
  • Mohawk Valley: Top Performer Awardee | $85.5 million supporting 101 projects
  • Capital Region: Top Performer Awardee | $85.0 million supporting 110 projects
  • Mid-Hudson: Top Performer Awardee | $84.8 million supporting 113 projects
  • Long Island: Top Performer Awardee | $84.3 million supporting 98 projects
  • Western New York: Regional Council Awardee | $68.8 million supporting 112 projects
  • Southern Tier: Regional Council Awardee | $67.3 million supporting 83 projects
  • North Country: Regional Council Awardee | $64.9 million supporting 81 projects
  • New York City: Regional Council Awardee | $64.8 million supporting 121 projects
  • Finger Lakes: Regional Council Awardee | $63.9 million supporting 110 projects
New Yorkeconomic development