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Governor Hochul Announces an Additional $24 Million Awarded Through Round XII of Regional Economic Development Council Initiative

Third Batch of Approved Awards Include 28 Shovel-Ready Projects

Full List of Round XII Awardees Can Be Found Here

Governor Kathy Hochul today announced that more than $24 million has been awarded to support 28 priority 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.

"These 28 shovel-ready projects represent incredible opportunities to foster economic growth, create jobs, and drive private investment across New York State," Governor Hochul said. "Thanks to the continued efforts and recommendations of the Regional Economic Development Councils, our REDC Initiative will continue to help communities meet pressing needs through strategic investments and robust state support."

Lieutenant Governor Antonio Delgado, Chair of the Regional Economic Development Councils, said, "Serving in this role, it has been incredible traveling across the state and seeing firsthand the positive impact these investments are having in communities across New York. Through the Regional Economic Development Councils, we will continue to boost our economy, create good jobs, and invest in our future."

Empire State Development President, CEO and Commissioner Hope Knight said, "Empowering regional stakeholders to take their knowledge and understanding of local priorities and assets to best direct state investments is a proven formula for success. These shovel-ready projects will drive our economy forward and lead to growth and prosperity across the state."

Read the full press release here.