New ACHIEVE Competition Will Award $150 Million To Support High-Impact Transformational Regional Initiatives
Governor Hochul Appoints New Chair of the Regional Economic Development Councils
New York State Consolidated Funding Application Open Now Through July 31 With Available Funding From More Than 20 Programs
2025 REDC Initiative Guidebook Available Here
Governor Kathy Hochul today announced the launch of the 2025 Regional Economic Development Council Initiative (REDC). Since 2011, the REDC has been the cornerstone of a bottom-up approach to economic development that allows the State's 10 Regional Councils to support projects that advance strategic regional and statewide priorities. New in 2025 is the Governor’s $150 million Advancing Collaboration for High-impact Initiatives for Economic Visions & Expansion competition — ACHIEVE — aimed at empowering the REDCs to advance catalytic economic development projects backed by enhanced implementation funding to jump-start regional growth. Additionally, the Governor today announced the appointment of New York Secretary of State, Walter T. Mosley, as Chair of the REDC Initiative.
“The dedicated work of the Regional Economic Development Councils, focused on encouraging public-private partnerships, has had a transformational impact across New York State,” Governor Hochul said. “The regionally designed plans will support the goals of the new ACHIEVE competition, creating investment opportunities that will help to build a more sustainable, successful future for all New Yorkers.”