Governor Kathy Hochul today announced more than $463 million has been awarded statewide through the State’s Regional Economic Development Council initiative. Long Island, the Mohawk Valley, New York City and the Southern Tier were chosen as winners of the inaugural $150 million Advancing Collaboration for High-impact Initiatives for Economic Visions & Expansion competition — or ACHIEVE Competition — which empowered the REDCs to advance catalytic economic development projects backed by enhanced implementation funding to jump-start regional growth. Additionally, nearly 400 projects across the state have been awarded over $300 million in funding through the various state agency programs within the annual Regional Council initiative and Consolidated Funding Application, which are redesigned to help catalyze economic growth, jump-start housing growth, and advance regionally designed strategic plans, while addressing state priorities.
“I remain grateful for everyone involved in advancing the work of the Regional Economic Development Councils. Their dedication to this ongoing public-private effort has had a transformational impact in every corner of the state,” Governor Hochul said. “Congratulations to four regions, named the inaugural winners of the ACHIEVE competition. The focused investments laid out in the locally designed plans will create investment opportunities that will help to build an enduring and successful future for all New Yorkers.”
ACHIEVE Competition…