Governor Cuomo Announces More Than $761 Million in Economic and Community Development Resources Awarded Through 2019 Regional Council Competition

December 19, 2019

All 10 Regional Economic Development Councils Receive Funding to Drive Local Economies Forward and Implement Strategic Plans for Growth

Central New York, Southern Tier, Mohawk Valley, Capital Region and Long Island Named 'Top Performers' - Awarded $429.8 Million in Total Funding

Western NY, Finger Lakes, North Country, Mid-Hudson and New York City Awarded $331.7 Million Total as Regional Awardees

Governor Andrew M. Cuomo today announced that more than $761 million in economic and community development funding has been awarded through Round IX of the Regional Economic Development Council initiative. Since its inception in 2011, over $6.9 billion has been awarded to more than 8,300 projects that are projected to create and retain more than 240,000 jobs statewide through the REDC process.

"Throughout the Regional Economic Development Council process over the past nine years, we have seen unprecedented regional investment focusing on a ground-up, strategic model that has spurred tremendous growth in every corner of this great state," Governor Cuomo said. "By bringing together local leaders and stakeholders who are invested in their communities we have replaced the 'one size fits all' approach to economic development with one that is unique to each community, creating opportunities for success all across the Empire State."

"By empowering local officials and stakeholders who know their communities best, we have transformed the state's economic development strategy into one that is not only successful, but is built to last," said Lieutenant Governor Kathy Hochul, Chair of the Regional Economic Development Councils. "Together, we are revitalizing downtowns, supporting and attracting businesses, and welcoming new residents and visitors. Through the REDCs, we are advancing the strategic economic development strategies of each region and supporting growth as part of the Downtown and Upstate Revitalization Initiatives. With a focus on workforce development and growth of high-tech industries, we are adding new job opportunities and strengthening the economy of New York State."

Read the full press release here.