Projects that will move forward as a result of Round VII of the Regional Council initiative include Alfred University’s Southern Tier Business Center, Crawford House Hotel, Jamestown Renaissance Corp., Roswell Park Cancer Institute and North Tonawanda’s Gateway Harbor Park
A full list of the 2017 REDC awards is available at www.regionalcouncils.ny.gov
As part of Round VII of Governor Andrew M. Cuomo’s Regional Council initiative, the Western New York Regional Economic Development Council (WNYREDC) was awarded $68.8 million for 112 projects that build on the region’s assets to invest in the future. The announcement, which supports projects in Allegany, Cattaraugus, Chautauqua, Erie and Niagara counties, was made Wednesday in Albany. In the first seven rounds of the Regional Council initiative, the Western New York region has been awarded $487.2 million in state support for 663 projects across the region.
“The Governor established the REDCs to advance projects that would realize our locally-developed economic development strategies – which catalyzed the turnaround that we see today,” said Jeff Belt, CEO of SolEpoxy and Western New York Regional Economic Development Council Co-chair. “This year we prioritized projects that will add job opportunities and quality-of-life by advancing our core strategies of placemaking, workforce development, innovation & entrepreneurship, while also supporting our top tradeable sectors. These strategies provide the unifying framework that has enabled public, private and foundation investments to work together for the good of the region.”
“Our home-grown initiatives are driving the progress that we see in our economic indicators and that we feel in our communities,” said Virginia Horvath, President of SUNY Fredonia and Western New Western New York Regional Economic Development Council Co-chair. “I am proud of the additional funding that we are bringing home to Western New York but I’m even more proud of my partners on the WNYREDC and our region’s many project leaders who are implementing the strategies that are accelerating our turnaround.”
The Western New York region’s 2011 strategic plan, “A Strategy for Prosperity,” leverages the region’s strategic advantages in key industry sectors including advanced manufacturing, agriculture, bi-national logistics, energy, health & life sciences, higher education, professional services and tourism. The plan focuses on economic enablers that promote smart growth, prepare the workforce and foster a culture of entrepreneurship.
The following Western New York projects are highlights of priority projects awarded funding in Round VII:
A full list of the 2017 REDC awards is available at regionalcouncils.ny.gov.
A centerpiece of the Governor's strategy to jumpstart the economy and create jobs, the Regional Councils were established in 2011 to replace the state's old top-down approach to economic development, with one that is community-based and performance-driven. The initiative empowers community, business, and academic leaders, as well as members of the public in each region of the state, to develop strategic plans specifically tailored to their region's unique strengths and resources in order to create jobs, improve quality of life and grow the economy. Since 2011, the first year of the initiative, over $5.4 billion has been awarded to more than 6,300 projects that are projected to create and retain more than 220,000 jobs statewide.
During Round VII, the Strategic Implementation Assessment Team (SIAT), which is composed of state agency commissioners and policy experts, traveled to each of the 10 regions to see firsthand the progress being made by REDC investments. The SIAT received presentations on this year's proposals from the Regional Councils directly and assessed the implementation of the regions' strategic plans.
To learn more about the WNYREDC, visit http://regionalcouncils.ny.gov/western-new-york.
About the Regional Economic Development Councils The Regional Economic Development Council (REDC) initiative is a key component of Governor Cuomo's 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 seven rounds of the REDC process, more than $5.4 billion has been awarded to more than 6,300 job creation and community development projects consistent with each region’s strategic plans, projecting to create and retain more than 220,000 jobs. For more information on the Regional Councils, visit regionalcouncils.ny.gov.