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Capital Region Economic Development Council to Hold Public Meeting at RPI on Tuesday, May 1

Meeting will include a progress update on Strategic Plan implementation
(April 25, 2012)

Capital Region Economic Development Council to Hold Public Meeting at RPI on Tuesday, May 1

The Capital Region Economic Development Council (CREDC) will hold its next meeting on Tuesday, May 1 at Rensselaer Polytechnic Institute. Co-chaired by Dr. Shirley Ann Jackson, president of RPI and Michael J. Castellana, SEFCU’s president and CEO, the group will meet to continue ongoing work toward Strategic Plan implementation and provide an update on its priority projects. The Capital Region was awarded $62.7 million in state support for 88 projects across the region through the Regional Economic Development Council initiative and Consolidated Funding Application (CFA) process.

The meeting will include an update on CREDC activities and project tracking, an overview of the council’s new workgroup structure, and a brief presentation on the work of the regional councils in 2012 and the second round of the Consolidated Funding Application process.

The public portion of the meeting begins at 2 p.m. and the meeting will also include an opportunity for area business, labor, education, and community leaders and other interested citizens to ask questions and provide the council with feedback related to the Strategic Plan and CFA process. The council also will accept written testimony at the meeting.

The meeting will be held in on the RPI campus, East Campus Athletic Village (ECAV) gymnasium, in Troy. The ECAV is building #89 on the campus map, which can be accessed by going to the following link: http://www.rpi.edu/tour/zoomify/index.html. Parking is available in the Field House lots next to the facility.

The Capital Region Economic Development Council is one of ten regional councils across New York that serves as a single point of contact for economic activity in the region, which includes Albany, Columbia, Greene, Rensselaer, Saratoga, Schenectady, Warren and Washington counties.

Created by Governor Cuomo in July 2011, the Regional Economic Development Councils represent a fundamental shift in the state's approach to economic development from a top-down development model to a community-based, performance driven approach which empowers individual areas to develop comprehensive strategic plans that invest in regional solutions to create jobs and economic growth. Each regional council developed and submitted to the state, in November 2011, a plan for the development of their region, which provides a regional vision for economic development, addresses critical issues and opportunities, and lays out an implementation roadmap for future growth. The state works with the regional councils to align resources and policies, eliminate unnecessary barriers to growth and prosperity, and streamline the delivery of government services and programs to help the regional councils carry out their plans for development. Regional Council and CFA awards were made in December 2011.

To learn more about the CREDC activities and to view the Capital Region’s Strategic Plan, visit www.capitalregionopenforbusiness.com. To learn more about each region and their economic development plans, visit www.nyworks.ny.gov.

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