The Western New York Regional Economic Development Council (WNYREDC) today announced it has submitted its 2017 Progress Report – entitled A Strategy for Prosperity – to New York State. The progress report details the council’s achievements in implementing its strategic plan and reflects Western New York’s progress on efforts to ensure sustainable and long-term growth in the five county region and to leverage the region’s advantages in key industry sectors, including advanced manufacturing, agriculture, bi-national logistics, energy, health & life sciences, higher education, professional services and tourism.
In furtherance of these goals, strategies and initiatives, the report recommends 25 priority projects to advance the region’s growth objectives. These projects, from Allegany, Cattaraugus, Chautauqua, Erie and Niagara counties, represent a total proposed state investment of at least $20 million, leveraging $75 million in private and other funding for total project expenses of more than $95 million. Collectively, these priority projects would support the creation of 195 new jobs, 748 indirect jobs, the retention of 290 existing jobs, and leverage a return on investment of 5 to 1.
Detailed information about the WNYREDC’s 2017 endorsed priority projects is available in the progress report at www.regionalcouncils.ny.gov/content/western-new-york.