Awards Based on Recommendations of New York’s 10 Regional Economic Development Councils — Full List of Awardees Here
Builds on Governor’s Agenda to Drive Statewide Economic Growth Through Strategic Local Investments
Governor Kathy Hochul today announced that over $15 million has been awarded to support 19 projects across New York State through the Regional Economic Development Council initiative. Round XIII 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.
“With these investments in fast-growing sectors like broadband manufacturing and heat pump technology, the Regional Economic Development Council Initiative is continuing to unlock the economic potential of our state,” Governor Hochul said. “These businesses are driving innovation and creating good, stable jobs for New Yorkers, and thanks to our REDCs and significant state support, we are writing them into New York’s economic success story.”
“We are breaking down barriers to economic opportunities that have for too long held communities back,” said Lieutenant Governor Antonio Delgado, Chair of the Regional Economic Development Councils. “With this new round of funding we can invest in workforce development efforts, boost broadband accessibility, and support shovel-ready projects statewide. This is how we uplift our communities and the New Yorkers who call our state home.”
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, “Our regions are home to abundant talent and assets that are reflected in the projects being supported by this latest round of the REDC Initiative. Whether caring for children or seniors, or helping train a new generation of culinary professionals, the REDC continues to strategically grow the New York State economy, one community at a time.”