ALBANY – A major announcement regarding $1.5 billion in state economic development funding will be made Thursday morning in Albany.
New York Gov. Andrew Cuomo says the awards for the 2015 Consolidated Funding Application – which are part of the state’s Regional Economic Development Council and Upstate Revitalization Initiative awards programs – will be made at 10:30 a.m.
Under a plan created by state economic development leaders, a total of $1.5 billion will be among three out of the seven regions in the state competing for money.
In addition, about $750 million in grants will be announced to various projects across the state, through the annual awards that Cuomo started in 2011, including dozens of projects proposed by the Western New York Regional Economic Development Council (WNYREDC).
Several local projects have applied for funding from the program, including the National Comedy Center, the development of new resort hotel in Celoron, the expansion of the Jamestown Community College Manufacturering Technology Institute, and the expansion of the South County Industrial Park in the town of Ellicott.
The announcement event will be streamed live on www.governor.ny.gov .
WNYREDC PRIORITY PROJECTS IN CHAUTAUQUA COUNTY (Score 25 points each)
OTHER WNYREDC PRIORITY PROJECTS (SCORE OF 20)
– Implement Smarth Growth projects
– Foster a Culture of Entrepreneurship projects
– Prepare Our Workforce projects
– Tourism projects
REGIONALLY SIGNIFICANT PRIORITY PROJECTS (SCORE OF 15)
– Implement Smart Growth Projects
– Prepare our Workforce projects
– Tourism projects
BUFFALO – The Western New York Regional Economic Development Council has released its 2015 Progress Report, detailing how various state-funded economic development projects are coming along, as well as providing information on some newly proposed projects.
According to the report, the council has highlighted 27 regional priority projects across Western New York, with a total cost of $235.7 million, $30 million of which would be funded by New York State’s Empire State Development program. In addition, the council has included dozens of other projects as well.
Of the 27 projects, six are in Chautauqua County, with five in the greater Jamestown area.
One project involves the National Comedy Center using $2,000,000 in funding for construction of the facility, while another project focuses on $325,000 in state money being used to further develop the National Comedy Center Park, which is connected to the River Walk. Also, more than $985,000 in state funds would also go toward expanding JCC’s Manufacturing Technology Institute.
Other projects that were featured in the report include proposed resort hotel in Celoron which would receive more than $2,000,000, a $200,000 expansion to the South County Industrial Park in the town of Ellicott, and the E-Works program in Dunkirk would receive $33,000.
Projects that were included in the report as state priority projects that also scored 20 points, included:
The projects and total funding outlined in the regional economic development council’s report are only recommendations at this point. They will go to Albany for review by the state board, with final project allocations to be announced later this year.
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