Central New York Awarded $103.7 Million for Economic Development

Central New York was named Best Plan Awardee  and received  $103.7 million for economic development projects this morning (Thursday, December 8). The state made the official announcement after Governor Cuomo made his final selection of the 10 regions that had competed for $785 million in state money awarded through the Regional Economic Development Council initiative earlier this year.

The Central New York Regional Council's plan focused on strengthening core industries in the region, including clean energy and environmental systems, health and financial services, agribusiness and food processing, advanced manufacturing, and tourism.

The council has carefully decided how to invest the money. A detailed list of project investments can be found in Governor Cuomo's press release.

Central New York Biotechnology Research Center, a facility dedicated to helping biotech and biomedical for-profit companies become successful and commercialize their products, was included in Central New York's million dollar proposals. Money for projects will also be distributed to Madison, Oswego, Cayuga, and Cortland counties.

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