Mid-Hudson Regional Economic Development Council Approves Priority Project Endorsements
The Mid-Hudson Regional Economic Development Council today announced that it unanimously voted to endorse 22 projects as regional priorities for this year's round of Governor Andrew M. Cuomo's Regional Council initiative. If awarded funding this fall, the projects have the potential to generate over $750 million in economic activity and potential to create and retain more than 11,000 jobs.
"When the Council endorses a project as a regional priority it sends a strong message to the state that it closely aligns with our strategic plan for the region to grow our economy and create much needed jobs," said MHREDC Co-chairs Dennis Murray and Leonard Schleifer, MD, PhD. "After reviewing applications and seeing presentations first hand, we were able to identify those projects that will best leverage limited state resources to support significant private investment in key industries such as technology, healthcare, housing and tourism."
In their continuing effort to engage the public, earlier this summer, the Council issued a call for projects to be reviewed for endorsement and submission as regional priorities for this year's Regional Council initiative. The MHREDC received 68 priority project proposals from across the region and after hours of consideration and due diligence review, selected 26 applicants, who were invited to provide a full presentation to members of the Regional Council. After 10 hours of presentations and several hours of deliberation, the Council identified 22 projects that had risen to the level of priority project designation.
The following projects were presented to the Council for consideration and identified as priority projects in the region:
- Center for Discovery – The project will create 300 jobs for the region as well as provide a service for children with autism that is not currently offered in New York State. Through more cost-effective care coordination and a reduced dependence on out of state placements for children, taxpayers will save about $30 million annually.
- New York State Cloud Computing – A partnership between Marist and IBM that will establish the region as a leader in the area of cloud computing through incubation, training, and analytics.
- Center for Global Advanced Manufacturing – CGAM will provide specific workforce training to fill the void of skilled workers in high-tech manufacturing sector. CGAM will also provide a venue where companies can test and evaluate their creations.
- iBio Incubator – The biotechnology incubator will offer laboratory and office space and services for entrepreneurs and start-up biotechnology companies and provide specialized workforce training for established biotechnology companies in the region.
- Touro College – The College plans to use the now vacant Horton Hospital in Middletown to house a school of osteopathic medicine. The establishment of the college would bolster the population of current and future medical professionals in the Mid-Hudson region.
- Bread Alone – Expansion of current Bread Alone operations will create quality, full-time jobs, provide temporary construction jobs, create demand for local agricultural products and promote area tourism.
- Crystal Run Healthcare – This project will invest in the technology based healthcare industries and involves creating 452 new jobs – 385 of which are non-physicians.
- Hudson Valley Food Hub – The Food Hub will provide processing and marketing opportunities to farmers and other food producers, leveraging the region's outstanding agricultural resources. By strengthening the area's food distribution infrastructure, it will help retain and stimulate an economic sector that also supports tourism and the region's natural resources.
- Bon Secours Cancer Center – The Center will fill a gap in healthcare services provided in the western Mid-Hudson region by offering specialty cancer care for patients who now often travel to Manhattan or New Jersey for treatment.
- Echo Bay Waterfront – An urban waterfront redevelopment project that will reclaim current commercial/industrial land and provide access to the water's edge for city residents and regional communities alike. The project also includes new market rate and affordable rental housing with neighborhood retail opportunities, as well as 5+ acres of public open space.
- EPT Concord Resort – By leveraging natural resources, this infrastructure project is related to a larger project that will create a destination resort community.
- Crown Maple – Crown maple seeks to increase its manufacturing capacity and output. In addition, Crown Maple will create a visitor center that is anticipated to attract up to 28,000 people a year.
- Northern Westchester Hospital – This Surgical Services Modernization Project entails the construction of six new state of the art operating rooms. It will strengthen the healthcare industry by maintaining and promoting the delivery of the highest quality health care in the Mid-Hudson Region by meeting the increased demand for greater and more complex surgical procedures utilizing state-of-the-art medical technology.
- Sound Shore Medical Center – This project invests in the region's technology based healthcare industries through an infrastructure project in the form of a garage that will provide needed parking for a Medical Office Building.
- VBT Laboraties – VBT Laboratories will establish a contract research organization (CRO) in the Mid-Hudson region with a focus on specialized testing in support of clinical trials of vaccines and biologics.
- Matrix Distribution Park – The Matrix project will construct a 550,000 square foot manufacturing/distribution facility at the strategic intersection of two major highways (I84 & I-87) with the goal of attracting a fortune 500 caliber company to this location.
- CIA Marriott Pavilion – Construction of a Marriott Pavilion on the campus of the Culinary Institute of America will create a state of the art conference center to serve as the hub of the recently formed Hudson Valley Food & Beverage Alliance.
- Dover Knolls – This project consists of a mixed-use transit oriented development (TOD) on the site of the closed Harlem Valley Psychiatric Center. Components include upgrading of a Metro-North train station, a commercial/retail area, 9-hole golf course, community center, and 200 units of housing.
- Yonkers Rising – Mixed-used redevelopment of downtown Yonkers consisting of live/work space, retail and dining. The project will also take advantage of the nearby Saw Mill River daylighting initiative.
- Hyde Park Hotel Ventures – Development of a hotel and conference center located on the Culinary Institute of America Campus. Local area is home to historical attractions, and major colleges, however is lacking in hotel accommodations. The project would enhance tourism by giving region visitors the option of overnight stays as opposed to day trips.
- Glenwood Powerplant – The preservation and redevelopment of the iconic 1904 Glenwood Power Plant on the Hudson River in Yonkers for a mixed-use program would create a social, business and cultural destination.
- Hudson Landing – The construction of a mile-long Promenade along the Hudson River straddling the City of Kingston/Town of Ulster municipal boundary on an old industrial site would increase tourism and could help jump-start the Hudson Landing Development project that has just completed its environmental-review process last year and is ready to move forward. Upon build-out, the longer-term project will create a new neighborhood with new housing choices on the Kingston/Ulster waterfront and catalyze the revitalization of the City of Kingston and Town of Ulster waterfront areas.
All of the priority projects are subject to the Consolidated Funding Application requests and information submitted by the project sponsor to their respective agencies.
To learn more about each regional council and their economic development plans, visit www.regionalcouncils.ny.gov. For information on how the New New York is working for business, please visit www.thenewny.com.