Mid-Hudson Regional Economic Development Council Endorses 25 Projects as Regional Priorities for 2014 Competition
The Mid-Hudson Regional Economic Development Council (MHREDC) today announced that it has endorsed 25 projects as regional priorities for Round IV of Governor Andrew M. Cuomo’s Regional Council initiative. If awarded funding this fall, the projects have the potential to generate over $600 million in economic activity and the potential to create and retain more than 3,500 full-time jobs as well as create 3,700 construction jobs in the Mid-Hudson Region (Sullivan, Ulster, Dutchess, Orange, Putnam, Rockland and Westchester counties).
“The 25 Priority Projects endorsed by the Council today have the potential to transform cities and communities across the Mid-Hudson region by creating new jobs, generating significant investment, and expanding economic opportunities for New Yorkers,” said MHREDC Co-chairs Dennis Murray, PhD, President of Marist College and Leonard Schleifer, MD, PhD, President & CEO of Regeneron Pharmaceuticals, Inc. “Over the last three years, the Mid-Hudson REDC has worked hard to successfully implement our Strategic Plan and it has paid off – to the tune of nearly $220 million of state investment in the region to support more than 230 projects that are creating jobs and spurring economic activity in the seven counties we represent. The slate of projects we are recommending today support our strategic economic development goals and will further implement our plan for economy prosperity the Mid-Hudson.”
As part of their ongoing efforts to engage the public, earlier this summer the Council issued a call for projects seeking consideration for endorsement and submission as regional priorities for Round III of the Regional Economic Development Council initiative. The MHREDC received 111 Priority Project proposals from across the region and, after conducting its due diligence and a thorough review, selected several applicants who were invited to provide a full presentation to members of the Regional Council. After 15 hours of presentations and several hours of deliberation, the Council identified 25 projects that had risen to the level of Priority Project designation.
Each of the Mid Hudson’s seven counties are represented, ensuring the diversity and needs of many communities are accounted for. Moreover, the projects advance each of the Council’s goals, as contained in the Strategic Plan, thus ensuring each project advances the implementation of the Plan itself.
The following project(s) have been endorsed by the Council as Priority Projects:
Jawonio Integrated Health Wellness and Work Project – A $24 million enhancement, consolidation and expansion of Jawonio’s New City campus, which will include substantial renovation/construction of a 97,000 square foot building, and IT infrastructure enhancements which will position Jawonio for the planned expansion of its employment services division, social enterprises, health center and provide a centralized headquarters for its multi-faceted agency. (Rockland and Westchester counties)
All Priority Projects are subject to the Consolidated Funding Application (CFA) requests and information submitted by the project sponsor to their respective agencies. The Regional Council awards will be announced later this year.
The Governor has directed up to $750 million in State resources to be made available in 2014 to support the economic development priorities of all 10 regions and spur job creation across the state, including $220 million in competitive funds from Empire State Development. In the first three rounds of the Regional Council initiative, the Mid-Hudson region was awarded $219.4 million in state support for 232 projects across the region.
About the Regional Economic Development Councils
In 2011, Governor Cuomo established 10 Regional Councils to develop long-term strategic plans for economic growth for their regions. The Councils are public-private partnerships made up of local experts and stakeholders from business, academia, local government, and non-governmental organizations. The Regional Councils have redefined the way New York invests in jobs and economic growth by putting in place a community-based, bottom up approach and establishing a competitive process for State resources. After three rounds of the REDC process, more than $2 billion has been awarded to job creation and community development projects consistent with each region’s strategic plans, supporting the creation or retention of more than 100,000 jobs. For more information on the Regional Councils, visit www.regionalcouncils.ny.gov