The Mid-Hudson Regional Economic Development Council today announced it recently submitted its 2017 Progress Report to Empire State Development, meeting New York State’s October 2 deadline. The report, which details the Council’s progress implementing its comprehensive Strategic Plan, is entitled “Future Forward, Progress with Purpose.” This reflects the region’s creative economy and Council’s efforts to generate economic growth by transforming the regions diverse urban centers into attractive places to live, work and play, encouraging high-tech industries, and supporting an internationally-known tourist destination.
In furtherance of these goals, strategies and initiatives, this report recommends 19 priority projects for the Regional Council Capital Grant Fund to advance the region’s growth objectives. These projects represent a total proposed state investment of $20 million, and have the potential to generate nearly $300 million in economic activity, and to create or retain more than 4,000 jobs, leveraging private investment at a ratio of nearly 14:1.