This week, Governor Andrew M. Cuomo announced the awarding of $709.2 million in economic and community development funding throughout New York State in the fourth round of the Regional Economic Development Council (REDC) initiative. These funding awards are set out to jumpstart the economy and create jobs. Started in 2011, the Councils were established to transform the New York State’s approach to economic development from a top-down model to one that is community-based and performance-driven.
SUNY is a big benefactor to the REDC Awards, both directly and indirectly. With new investment in infrastructure and development statewide, counties and cities see job growth expanding, which provides opportunities to college graduates in all disciplines. Each REDC is closely tied to the communities they impact, and with SUNY’s local presence to all communities throughout New York, quality research and innovation is on hand nearby to support these developments across the state.
The first three rounds of the Regional Council process awarded more than $2 billion to more than 2,200 job creation and community development projects across the state, supporting the creation or retention of more than 130,000 jobs. Last year brought $14.8 million near and to SUNY campuses to provide a boost to research and investment throughout New York.
“The work taking place in each region across the State is so important because it lays the groundwork that will continue to drive the economy – not just today and tomorrow, but for years to come,” Lieutenant Governor Robert J. Duffy, Chair of the Regional Economic Development Councils, said.
The projects being funded at SUNY colleges this year, totaling more than $15 million, are listed below:
SUNY ESF (RF SUNY)
Mohawk Valley EDGE (SUNY Poly)
SUNY Adirondack – Washington County Local Development Corporation for the SUNY Adirondack Regional Education Center Strategic Development Plan
And there are many more projects laid out in this year’s awards that will impact the cities and areas surrounding SUNY campuses and all of New York State. To learn about all of them, the entire list of projects and grant amounts is available in the REDC Awards booklet.
Taras Kufel is the Manager of Digital Engagement at the State University of New York.