Empire State Development Announces 2014 Strategic Implementation Assessment Team and Schedule of Round IV Regional Council Presentations
Empire State Development President, CEO & Commissioner Kenneth Adams today announced the membership of the 2014 Strategic Implementation Assessment Team (SIAT), which will review the 2014 Progress Reports and Round IV proposals submitted by the 10 Regional Economic Development Councils (REDC). The SIAT is composed of New York State commissioners, as well as a global trade expert from the U.S. Department of Commerce and an expert on Veterans’ affairs, each of whom have years of experience working on community and economic development projects and planning.
“The SIAT serves an important function for the Regional Council process – providing ESD with comprehensive assessments of each region’s progress and valuable recommendations for investing in important economic development projects,” Commissioner Adams said. “This year’s team, which includes several returning members, has extensive experience in economic and community development and will provide invaluable insight on how to best leverage State and local resources with private investment to create jobs and economic growth. Governor Cuomo’s Regional Council initiative has already injected billions of dollars into communities from Montauk to Mapleton, supporting more than 100,000 New York jobs since 2011. In 2014, the REDCs are focused on continuing to build on the success of the last three years while strengthening New York’s economic outlook – and we look forward to seeing their proposals.”
The 2014 SIAT Team is composed of Cesar A. Perales, New York State Secretary of State; Jerry Boone, Commissioner and President, New York State Civil Service Commission; RoAnn Destito, Commissioner, New York State Office of General Services; Matthew Driscoll, President and CEO, New York State Environmental Facilities Corporation; Thomas Mattox, Commissioner, New York State Department of Taxation and Finance; Cristyne Nicholas, Chair, New York State Tourism Advisory Council; Patrick Kirwan, Director, Trade Promotion Coordinating Committee, U.S Department of Commerce; and Colonel Eric Hesse, Executive Director, New York State Division of Veterans’ Affairs.
Additionally, Commissioner Adams today announced that each of the 10 REDCs will present their Round IV proposals to the SIAT over two days in Albany – Monday, September 15, and Tuesday, September 16, in Meeting Room 6 at Empire State Plaza. Each region will have up to 30 minutes to provide an in-person presentation to the SIAT, which will include updates on the goals of their strategic plans, progress achieved on priorities from previous rounds, and outlines of their Round IV strategies.
The REDCs will present their Round IV proposals to the SIAT according to the following schedule:
Monday, September 15, 2014
- 10 a.m. – 11 a.m. New York City
- 11:30 a.m. – 12:30 p.m. Long Island
- 1:30 p.m. – 2:30 p.m. Mid-Hudson
- 3 p.m. – 4 p.m. Finger Lakes
Tuesday, September 16, 2014
- 8 a.m. – 9 a.m. Mohawk Valley
- 9:30 a.m. – 10:30 a.m. North Country
- 11 a.m. – 12 p.m. Central New York
- 1 p.m. – 2 p.m. Capital Region
- 2:30 p.m. – 3:30 p.m. Southern Tier
- 4 p.m. – 5 p.m. Western New York
The REDC process has transformed economic development in New York, creating a statewide framework for bottom-up regional economic growth and streamlining the funding application process. Over $2 billion in investments from the past three rounds are supporting more than 2,200 projects to promote the creation or retention of 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;
- Finger Lakes REDC has delivered $224.8 million for 255 projects;
- Southern Tier REDC has delivered $222.4 million for 207 projects;
- Central New York REDC has delivered $264.4 million for 226 projects;
- Mohawk Valley REDC has delivered $202 million for 205 projects;
- North Country REDC has delivered $274.7 million for 222 projects;
- Capital Region REDC has delivered $195.8 million for 272 projects;
- Hudson Valley REDC has delivered $219.4 million for 232 projects;
- New York City REDC has delivered $175 million for 160 projects; and
- Long Island REDC has delivered $244.3 million for 250 projects.
In April, Governor Cuomo launched Round IV of the REDC initiative, officially kicking off the 2014 competition for up to $750 million in state economic development resources. The Consolidated Funding Application (CFA) was opened to applicants on May 1 with a deadline for submissions of June 16, providing businesses, municipalities, not-for-profits, and the public with the opportunity to apply, through a single application, for assistance from dozens of state funding programs for job-creating economic and community development projects.
In Round IV, to continue to generate investment opportunities and job creation, the REDCs will compete for up to $150 million in capital funds and $70 million in Excelsior Tax Credits for projects and activities identified by the Councils as priorities in their regions. Additionally, up to $530 million from state agency programs will be awarded through the CFA process.
This year, the competition is focused on:
- Implementation of regional strategic economic development plans;
- Performance in encouraging economic growth through job creation and investment;
- Identification of global marketing and export strategies;
- Collaboration with local governments to transform the regional business climate;
- Supporting NY Rising Community Reconstruction Plan projects;
- Addressing Regional Workforce Development needs for key sectors;
- Refining the Regional Opportunity Agenda; and
- Promote Veterans’ participation in the workforce.
There are several new aspects to the 2014 competition, including the development of a Global NY plan, the promotion of Veterans’ participation in the workforce, and supporting NY Rising Community Reconstruction (NYRCR) program projects. For more information on these components of the competition, visit the 2014 REDC Guidebook at www.regionalcouncils.ny.gov.
The 2014 Regional Economic Development Council awards will be announced this Fall.
About the Regional Economic Development Councils The Regional Economic Development Council initiative (REDC) is a key component of Governor Andrew M. Cuomo’s transformative approach to State investment and economic development. In 2011, Governor Cuomo established 10 Regional Councils to develop long-term strategic plans for economic growth for their regions. The Councils are public-private partnerships made up of local experts and stakeholders from business, academia, local government, and non-governmental organizations. The Regional Councils have redefined the way New York invests in jobs and economic growth by putting in place a community-based, bottom up approach and establishing a competitive process for State resources. After three rounds of the REDC process, more than $2 billion has been awarded to job creation and community development projects consistent with each region’s strategic plans, supporting the creation or retention of more than 100,000 jobs. For more information on the Regional Councils, visit www.regionalcouncils.ny.gov.
About the Consolidated Funding Application As part of Governor Cuomo’s efforts to improve the state’s economic development model, a New York State Consolidated Funding Application (CFA) was created to streamline and expedite the grant application process. The CFA process marks a fundamental shift in the way state resources are allocated, ensuring less bureaucracy and greater efficiency to fulfill local economic development needs. The CFA serves as the single entry point for access to economic development funding, ensuring applicants no longer have to slowly navigate multiple agencies and sources without any mechanism for coordination. Now, economic development projects use the CFA as a support mechanism to access multiple state funding sources through one application, making the process quicker, easier, and more productive. To learn more about the CFA, please visit https://apps.cio.ny.gov/apps/cfa/.
About Empire State Development Empire State Development (ESD) is New York’s chief economic development agency (www.esd.ny.gov). The mission of ESD is to promote a vigorous and growing economy, encourage the creation of new job and economic opportunities, increase revenues to the State and its municipalities, and achieve stable and diversified local economies. Through the use of loans, grants, tax credits and other forms of financial assistance, ESD strives to enhance private business investment and growth to spur job creation and support prosperous communities across New York State. ESD is also the primary administrative agency overseeing Governor Cuomo’s Regional Economic Development Councils and the marketing of “I Love NY,” the State’s iconic tourism brand. For more information on Regional Councils and Empire State Development, visit www.nyworks.ny.gov and www.esd.ny.gov.