regional councils

The Hotel Syracuse is receiving a multi-million dollar state grant through New York’s competitive economic development funding program. The project is part of $80.2 million in funding central New York won.

Central New York’s regional economic development has been named a "top performer" for the third time in four years in the state’s flashy economic development funding program. It competes against other regions of the state for aid. The state gave out $709 million in all.

There were several big winners amongst the state’s Regional Empire Development Council, as five walked away with more than $80 million each, during the third annual set of awards announced Wednesday.     

Regional Economic Development Council awards for 2013

Dec 11, 2013

Economic development awards totaling nearly $716 million were announced at an event in Albany Wednesday. The figure is down slightly from $738 million awarded in 2012. It's the third year for the allocation of regional economic development funding under the Cuomo administration. 

The awards format, with it's 'we're all winners' mantra was predictably upbeat and slick. The event kicked off with a light-hearted, and uncharacteristically moderate, video appearance by comedian Lewis Black.

New York state spends about $7 billion on tax incentives and business subsidies each year. Regional Economic Development Councils, or REDCs, were put in place in 2011 to help coordinate this spending at a regional level.

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The North Country Regional Economic Development Council or REDC, held its most recent meeting at Fort Drum last week. The idea was to give members from the region's seven counties greater insight into how the Army post interacts with the local economy. The council also took steps to implement a new program for water and sewer project infrastructure.