CBS6 - Search Results
$715 million in regional grant money awarded
ALBANY -- Long Island and the Capital Region were big winners, Wednesday, as New York State awarded $715 million in regional economic development money.
For the third year in a row leaders from 10 regions, around New York State, came to Albany to pick up a check from Governor Andrew Cuomo. Each year the Regional Economic Development Councils compete for hundreds of millions of dollars used to fund projects in their home regions. The grant money is pooled with private money to fund projects that get approval from state leaders.
This year the Capital Region, which is comprised of seven counties, received $82.8 million. The award was $32.5 million more than last year when the region, in 2012, cashed the smallest check.
In the previous two years of awards the Capital Region cashed a combined $117 million in checks. The money went to help fund 205 jobs. Between the award money and the private investment, nearly $1 billion has been invested impacting 11,853 jobs, according to the region's website.
"Last year even though we didn't win best round or top performer we still had the most projects in the completion phase. So the people are getting their bang for their buck", said Albany County Executive Dan McCoy.
The Long Island region was the top money getter in this years awards ceremony taking home $83 million.
Here is a link to the complete list of approved projects and funding from the awards ceremony Wednesday.