Governor Hochul Announces More Than $27 Million Awarded Through Round XII of the Regional Economic Development Council Initiative

July 31, 2023

Fourth Batch of Approved Awards Include 40 Shovel-Ready Projects

Full List of Round XII Awardees Can Be Found Here

Governor Kathy Hochul today announced that more than $27 million has been awarded to support 40 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.

“We continue to make investments lifting up our communities across New York State, and these 40 shovel-ready projects are crucial to boosting economic growth and driving private investment,” Governor Hochul said. “Together, our Regional Economic Development Councils are helping communities meet pressing needs through strategic investments creating good-paying jobs and expanding opportunities for New Yorkers.” 

Lieutenant Governor Antonio Delgado, Chair of the Regional Economic Development Councils said, “We are creating jobs, investing in local businesses, and ensuring that all regions of New York have strong local economies. We are continuing to invest in our communities to build a more equitable state for all New Yorkers.”

Empire State Development President, CEO and Commissioner Hope Knight said, “Supporting projects that make strategic sense for the local economy is key to the Regional Economic Development Councils’ success. These awards will move communities throughout the state in a forward direction, by investing in the growth of multiple industries, from offshore wind to innovative manufacturing, and giving New Yorkers the resources they need to grow.”

This fourth batch of projects was recommended by each Regional Council because of their project readiness and alignment with each region's strategic plan. 

Read the full press release here.