Economic Development Council Awards $86.2 Million to CNY

Region was again named a ‘top performer’ — NYS award to provide support to 93 projects L. Michael Treadwell ooc@oswegocounty.org ‘One reason CNY is and has been good about receiving a substantial allocation as a top performer is that the region as a whole has worked together very cooperatively in terms of developing strategies that can be effectively implemented.’ Gov. Andrew Cuomo on Dec. held 19 the ninth Regional Economic Development Council (REDC) round of awards program in Albany. Central New York was again named a ‘top performer’ and will receive $86.2 million economic and community development funding to support 93 projects. One reason Central New York is and has been good about receiving a substantial allocation as a top performer is that the region as a whole has worked together very cooperatively in terms of developing strategies that can be effectively implemented. This has resulted in a cumulative total of $766 million being awarded to CNY projects over nine rounds. The Central New York Region is comprised of the Syracuse metropolitan area and the counties of Cayuga, Cortland, Madison, Onondaga and Oswego. Oswego County received funding for 11 projects, representing $4,333,795 in grants and $19,827,931 in total project costs.

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