NY Governor Andrew Cuomo
ALBANY – Economic Development leaders from across New York will be working once again to receive a portion of the $750,000,000 in state funding and resources.
Governor Andrew Cuomo Monday launched Round IV of the Regional Economic Development Council (REDC) initiative, officially kicking off the 2014 competition. The Consolidated Funding Application (CFA) will open to applicants on May 1, enabling businesses, municipalities, not-for-profits and the public to begin applying for assistance from dozens of state funding programs, through a single application, for job-creating and community development projects.
According to the governor, the competive process has transformed economic development in New York State, creating a statewide framework for bottom-up regional economic growth and streamlining the state funding application process.
So far, Over $2 billion in investments from the past three rounds have been provided, supporting more than 2,200 projects that have already created or retained more than 100,000 jobs statewide.
Through three rounds of the REDC competition Western New York REDC has delivered $213.9 million for 235 projects.
Leave a Reply