December 11, 2014
Governor Andrew M. Cuomo today announced that $709.2 million in economic and community development funding has been awarded through Round IV of the Regional Economic Development Council (REDC) initiative.
A centerpiece of the Governor’s strategy to jumpstart the economy and create jobs, the Regional Councils were established in 2011 to transform the State’s approach to economic development from a top-down model to one that is community-based and performance-driven. The initiative empowers community, business, and academic leaders, as well as members of the public in each region of the state, to develop strategic plans specifically tailored to their region’s unique strengths and resources in order to create jobs, improve quality of life and grow the economy.
The first three rounds of the Regional Council process awarded more than $2 billion to more than 2,200 job creation and community development projects across the state, supporting the creation or retention of more than 130,000 jobs.
On April 28, 2014, Governor Cuomo kicked off Round IV and introduced several new components to the initiative, including developing regional Global NY strategies, promoting Veterans’ participation in the workforce, and supporting NY Rising Community Reconstruction plan projects. These new aspects of the Regional Councils will keep New York at the forefront of the global economy, increase economic opportunities for our heroes back home, and ensure the communities most impacted by recent storms are building their economies back even stronger.
During Round IV, members from the 10 Regional Councils traveled to Albany to make in-person presentations of their proposals to the Strategic Implementation Assessment Team. Over the course of two days, the SIAT, which is composed of State agency commissioners and policy experts, heard from each of the Regional Councils directly, reviewed the progress being made on projects that have previously received state funding, and assessed the regions’ strategic plan implementations and proposals for funding in 2014.
The North Country Regional Economic Development Council (NCREDC) was awarded $63.4 million to support 69 projects out of 852 projects across the state that received $709.2 million in awards through the fourth round of the REDC competition.
Highlights of the NCREDC projects awarded economic development funding in Round IV include:
$5 million to the Development Authority of the North Country. The project will establish the North Country redevelopment fund that would assist transformational redevelopment, rehabilitation, revitalization, blight clean up, and infrastructure projects in the North Country Region.
$2 million for the Agri-Mark Manufacturing Facility Modernization Project. The Project will involve the demolition and construction of a new facility as well as replacing all of the major existing equipment necessary to make cheese. The new facility encompassed by the Project will handle approximately 1.5 million pounds of milk per day which is about 20 percent more than the current capacity.
$1.2 million for the Arts and Interactive Learning Revitalization Project. RAIL is a comprehensive, intra-regional collaboration that is the first mixed-use venue to provide arts/learning/living experiences and advanced opportunities to residents of the North Country. The benefits impact all areas of commerce, education and life. This solution-driven project, framed around two revitalized historic buildings in Potsdam, includes STEAM K-12 learning spaces, art gallery/studios, a virtual learning hub, artists’ business incubators, quality living units and graduate student housing.