New York Awards $785 Million in Economic Development Grants
Long Island, Western New York, the North Country and Central New York were the top winners in a competition for $785.5 million of state job-creating grants. The top four regions were deemed the most promising economic development projects throughout the state. In all, 720 projects chosen by regional leaders based on local strengths such as higher education and geography will be funded statewide.
The state is giving Central New York the largest grant award, $103.7 million; followed by the North Country region, including the Adirondacks, $103.2 million; Long Island, $101.6 million; and Western New York, $100.3 million.
Gov. Andrew Cuomo also announced he has reached an agreement with legislative leaders to do another round of competitive grants net year. He said the program aims to change the perception of New York.
“Make it a pro-business, business friendly state,” Gov. Cuomo said. “We know what you thought of us. It’s not true. And just watch.”
The balance of the economic development grants will be allocated as follows:
— The Finger Lakes region, $68.8 million;
— New York City, $66.2 million;
— The Mohawk Valley, $60.2 million;
— The Southern Tier, $49.4 million;
— The Capital Region, $62.7 million;
— The Mid-Hudson, $67 million.
You might like:
- Business Facilities’ 11th Annual Rankings Report: Metro and Global Rankings
- Business Facilities’ 2015 Metro Rankings Report: Austin, Nashville, Raleigh Are Metro Frontrunners
- Business Facilities’ 2015 Metro Rankings Report: Indiana Metros Are Exports Leaders
- Business Facilities’ 2015 Global Rankings Report: China Leads In Renewable Energy Investment
- Eli Lilly and Company To Expand Indianapolis R&D Headquarters
- Business Report – North Carolina: Growing Innovation Throughout The Tarheel State
- Business Report: Tennessee – DENSO Manufacturing Expanding in Maryville, TN
- Business Report – California: Largest Solar Facility On Earth Goes Operational
- Alcoa Expands R&D Center Near Pittsburgh
- U.S. Innovation Hubs: Inventing the Future
- Logistics Networks Are Getting Back On Track
- Bell Inc. To Invest $30M In Ohio Carton Manufacturing Facility
- Panama Canal: Bigger, Better and Ready to Rumble
- NTN Driveshaft Adding 500+ Jobs in Indiana
- GE To Add 120 Jobs, Invest $7.4M In Iowa Manufacturing Facility