The Capital Region was named a Top Performer in 2019 by the NYS Regional Economic Development Councils and awarded $84.1 Million in a ceremony on Thursday, December 19.
Greene County projects will receive $4,690,899 from Consolidated Funding Application (CFA) submissions received prior to the July 26, 2019 deadline.
Three projects in the Town of Hunter will receive a total of $1.4 Million:
- The Hunter Foundation’s 2019 Tannersville Painted Village Culinary Hub Strategic Investment Plan ($50,000) and;
- The Village of Tannersville’s Gooseberry Creek Revitalization Strategy Implementation Phase II ($1,300,000) and Preliminary Planning/Engineering for improvements to Reservoir #3 ($50,000)
Two projects in the Town of Coxsackie will receive a total of $2 Million:
- Flach Development & Realty’s Historic Riverfront Hotel ($1,500,000) and Event Venue ($500,000)
Four projects in the Town of Catskill will receive a total of $1,290,899:
- Catskill Mountain Housing Development Corporation’s Catskill Main Street Properties Renovation ($250,000)
- Sister Properties, LLC’s Foreland and Book House Waterfront Development ($400,000)
- 335 Main Street LLC’s Catskill Gateway Hotel on Main Street ($607,899)
- Thomas Cole Historic House’s Workforce Expansion ($33,000)
New York State also awarded additional funding under the Water Infrastructure Improvement Act (WIIA) through the Environmental Facilities Corporation. The village of Catskill will receive $2,914,319 towards its estimated $4,857,198 Drinking Water improvement project.
REDC Award Allocations by Region
- Southern Tier: $88.9 million (Top Performer)
- Long Island: $87.9 million: (Top Performer)
- Central NY: $86.2 million: (Top Performer)
- Capital Region: $84.1 million (Top Performer)
- Mohawk Valley: $82.7 million (Top Performer)
- North Country: $67.9 million
- Western New York: $67.3 million
- NYC: $66.3 million
- Mid Hudson: $65.8 million
- Finger Lakes: $64.4 million
Governor’s Press Release
2019 Regional Economic Development Council Awards Booklet
2019 Capital Region Economic Development Council Progress Report
Capital Region Economic Development Council Website
Regional Economic Development Council (REDC)
A centerpiece of the Governor’s strategy to jumpstart the economy and create jobs, the Regional Councils were put in place in 2011 to redesign the state’s approach to economic development from a top-down model to a community-based, performance-driven approach. 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 create jobs and support economic growth.