Governor Hochul Announces Over $22 Million Awarded in Round XII of the Regional Economic Development Council Initiative

January 30, 2023

Second Batch of Approved Awards Include 21 Shovel-Ready Projects

Full List of Awardees Thus Far Can Be Found Here

Governor Kathy Hochul today announced that over $22 million has been awarded to support 21 projects across New York State through the Regional Economic Development Council initiative. Round XII included core capital grant and tax-credit funding from Empire State Development, which was made available on a continuous and competitive basis to support the immediate needs of communities. Funding will support impactful projects that align with each region's strategic goals.

"Together, the Regional Economic Development Councils are growing New York's economy by emphasizing the rich assets in every corner of our state and investing in projects that will create good, high-quality jobs," Governor Hochul said. "As we continue to make deep investments in New York communities, we remain committed to doing so in a way that expands opportunity, drives private investment, and bolsters our talented workforce."

"By recommending shovel-ready projects that support each region's strategic plans, the Regional Economic Development Councils are improving communities now as well as for future generations," said Lieutenant Governor Delgado. "These projects showcase how the Regional Councils are laser focused on driving economic growth and prosperity across the State."

The application for ESD Grant funds remains open, and applications are being reviewed on an on-going basis until funds are exhausted. Applicants with strong, shovel-ready projects that align with the state and region's economic development priorities can apply through the Consolidated Funding Application.

Empire State Development President, CEO and Commissioner Hope Knight said, "The Regional Councils continue be an important voice for communities across the state by recommending projects that will drive our economy forward. These awards will further transform local economies across the state by creating good jobs and generating new investments."

Read the full press release here.