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Old 12-21-2018, 12:59 PM
 
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With projects ranging from municipal sewer upgrades to workforce training and capital projects at nonprofits, Western New York will receive $66 million for 118 projects through the state’s Regional Economic Development Council funding initiative.

The statewide program, established in 2011 by Gov. Andrew Cuomo to jumpstart the economy and create jobs, will this year award more than $763 million across New York. Details on all economic and community development projects can be found online here.

Since its inception in 2011, over $6.1 billion has been awarded to more than 7,300 projects that are projected to create and retain hundreds of thousands of jobs statewide. Last year, the local region received $69 million for 112 projects.

“Regional-based economic development is vital for maintaining New York’s thriving, prosperous economy,” Cuomo said.

Local winners include Rosina Food Product Inc., which will receive $2 million for its $32 million protein operation expansion; Hauptman-Woodward Medical Research Institute, $1.2 million for a $4.3 million biomedical R&D Center for Therapeutic Interactions; and AgriAmerica Fruit Products LLC in Chautauqua County, which will receive nearly $500,000 to support a $2.4 million reuse project at a closed grape juice manufacturing facility in Fredonia.

More than a dozen Western New York projects received $1 million or more, supporting an expansion at the Buffalo and Erie County Botanical Gardens; Buffalo and Erie County Industrial Land Development Corp. for a flex manufacturing space; and Shea’s O’Connell Preservation Guild, to add a tower and elevator at Shea’s Performing Arts Center.

The REDC initiative relies on input from community leaders, with a focus on developing strategic plans tailored to each region.

Tuesday’s announcement also included the selected communities in the annual Downtown Revitalization Initiative (DRI). Lockport is the recipient for Western New York, one of 10 regional winners. Here is a look at the application from Lockport. Previous winners from Western New York were Jamestown and Olean.

Source: https://www.bizjournals.com/buffalo/...-economic.html
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Old 12-21-2018, 04:51 PM
 
56,736 posts, read 81,038,544 times
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More: WNY receives $66M in latest round of state economic development funds | WBFO
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