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Finger Lakes, Southern Tier, and Central New York win big with economic development funding

The City of Geneva will see a series of projects funded by the Regional Economic Development Council after a series of announcements on Tuesday.

“We are honored to have been awarded five grants from Regional Economic Development Councils (REDC) today. The Finger Lakes region was one of the top performers, receiving $86.5 million for the region,” the city said in a statement. “We are grateful that the City Of Geneva’s projects were awarded.”

The following projects were funded through the REDC: 

City of Geneva City Hall Elevator ADA Compliance Project – $300,000
Funds will be used to remove architectural barriers through a building addition to house a new ADA compliant elevator.

City of Geneva Microenterprise Assistance – $200,000
Funds will be used to assist in the establishment of the City of Geneva Microenterprise Assistance Program.

Geneva NYMS Program 2018 – $350,000
The City will assist in the renovation of mixed-use properties in the City’s Business Improvement District.

Marina Amenities and Public Beach Design and Construction – $924,000
To implement the Geneva Waterfront Infrastructure Feasibility Study, the City of Geneva will improve public access to Seneca Lake by designing and constructing marina amenities including a canoe/kayak launch, dock utilities and restrooms at Long Pier. The City will also prepare a Beach Feasibility Study to determine the best location for a public beach along the City’s shoreline and subsequently complete beach design and construction documents.

Parrott Hall Stabilization and Remediation – $400,000
The City of Geneva, in collaboration with the Parrott Hall Coalition, will perform stabilization, urgent repairs, and remediation of historic Parrott Hall to prevent further deterioration, and to ready the property for complete rehabilitation and reuse.


Auburn and Cayuga County benefit from economic development funding

After Auburn won a $10 million grant this year to revitalize its downtown, the region received more good news Tuesday: Central New York earned top performer honors at the state Regional Economic Development Council awards ceremony in Albany.

The Central New York Regional Economic Development Council will receive $88.2 million to fund 91 projects in Cayuga, Cortland, Madison, Onondaga and Oswego counties. It’s the largest award given to any of the 10 regional councils in the 2018 installment of the eight-year-old contest.

Over the past eight years, central New York has won more than $1 billion in state funding to support hundreds of projects in the five-county region. The total includes $500 million through the Upstate Revitalization Initiative, a separate competition held in 2015.

Read more on this story from the Auburn Citizen


Funding Breakdown

• Central New York: $88.2 million

• Mid-Hudson: $87.1 million

• Finger Lakes: $86.5 million

• Mohawk Valley: $85.4 million

• New York City: $84.4 million

• Long Island: $68.3 million

• Capital Region: $67 million

• Western New York: $66 million

• Southern Tier: $65.4 million

• North Country: $64.8 million


Reaction from Southern Tier

Finger Lakes Daily News

State Senator Tom O’Mara and Assemblyman Phil Palmesano welcomed the announcement that the Southern Tier region will be awarded a total of $65.4 million and the Finger Lakes region $86.5 million under the eighth round of funding through the state’s Regional Economic Development Councils (REDC) initiative.

The Finger Lakes REDC was recognized as a “Top Performer” in this year’s funding cycle.

The economic development awards to support specific regional projects statewide were announced today in Albany.  Each of the state’s 10 REDCs competed for this latest round of state economic development aid.

In a joint statement, O’Mara, a member of the Southern Tier REDC who attended today’s awards ceremony at the Albany Capital Center, and Palmesano said, “The Southern Tier and Finger Lakes regions continue to stand out.  This ongoing success is the greatest testament of all to the regional leaders across the Southern Tier and Finger Lakes whose hard work has been unmatched.  This ongoing commitment over the past eight years assessing our regional strengths and weaknesses, identifying specific economic priorities, and putting in place short- and long-term strategies for growth, has kept building a stronger and stronger foundation for future success.  These regional public-private partnerships help provide the economic leadership we need in this tough and globally competitive economy.  Now it remains up to all of us, at every level of government, to continue putting these resources to good, effective use to revitalize our regional economies.”

O’Mara and Palmesano also looked ahead to the beginning of the 2019 legislative session in January and urged Cuomo and legislative leaders to make broad-based tax relief, mandate relief, and regulatory reform top priorities for revitalizing local economies across the Southern Tier and Finger Lakes regions, and statewide.

“These ongoing investments are critical, but we also urge Governor Cuomo and legislative leaders to renew this state’s commitment in 2019 to the broad-based actions that are critical to short- and long-term success of our local small business owners, manufacturers, farmers, all of our job creators, local property taxpayers, and families.  That means creating a stronger business climate through tax cuts, removing the heavy burden of unfunded state mandates, and getting state regulations out of the way of sustained economic growth and job creation.”

Since 2011, including this year, the Southern Tier REDC has been awarded a total of approximately $523 million and the Finger Lakes REDC roughly $556 million in REDC economic development aid.  Each region has been recognized as a “Top Performer” over the past six award cycles.

Additionally, in 2015, the Southern Tier and the Finger Lakes REDCs were among the three winners, along with the Central New York REDC, of the Upstate Revitalization Incentive (URI) economic development aid competition.  Each region received a $500-million portion of the $1.5-billion in URI grants awarded for the first time in 2015.  The URI awards are being distributed over five years, $100 million per year, which is in addition to the award announced today. Together in 2018, then, the regional totals for the Southern Tier and Finger Lakes are approximately $165 million and $186 million, respectively, for economic development.

Governor Andrew Cuomo and the Legislature established New York’s 10 regional economic development councils as part of the 2011-2012 state budget.  The councils have established a more locally based approach for distributing state economic development aid and guide the development of local economic development strategies that compete for state assistance.

Read more on today’s specific regional project awards on O’Mara’s website, http://www.omara.nysenate.gov.


 

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