New York State is participating in the new Opportunity Zone community development program, offered through the Tax Cuts and Job Acts of 2017. The federal program encourages private investment in low-income urban and rural communities.
Central New York Regional Economic Development Council (REDC)
CNY REDC is a key component of Gov. Cuomo's transformative approach to State investment and economic development. We are a public-private partnership made up of local stakeholders, who have helped our region secure over $615 million in state funding.
A primary role of the CNY REDC is to create a regional strategic plan and provide a written update every year. Learn more about Central New York strategies and progress below. Click here to access all of the Central New York progress reports.
On April 9, 2018 GENIUS NY, a year-long business accelerator focused on Unmanned Aerial Systems software, hardware, and analytics, awarded investments as part of the program’s second round during an...
Governor Cuomo’s Downtown Revitalization Initiative (DRI) is transforming downtown neighborhoods into vibrant communities where the next generation of New Yorkers will want to live, work, and raise families.
Round 3 Application is now closed. Check back for updates on this year's winner!