The Mohawk Valley Regional Economic Development Council (MVREDC) today announced it recently submitted its 2017 Progress Report to Empire State Development, meeting New York State’s October 2 deadline. The report – entitled #OurMohawkValley – provides the Council’s project recommendations for this year’s competition and also outlines its achievements since 2011, how the Council has adhered to its core strategies, an aggressive implementation agenda, and includes an update on priority projects from the past six rounds.
In furtherance of these goals, strategies and initiatives, this report recommends 39 priority projects for the Round VII REDC competition. These projects represent a total proposed state investment of $20 million and, if funded, will leverage $135 million in private and other funding, with total project expenses of approximately $155 million. Collectively, they would support the creation or retention of nearly 1,200 jobs, while spurring more than 2,200 indirect jobs and leveraging a return on investment of 8 to 1.