Projects seeking to kickstart regional development across the Empire State recently received $463 million in funding, the New York governor’s office recently announced.
The awards from the New York Regional Economic Development Council (REDC) include $150 million to Long Island, the Mohawk Valley, New York City and the Southern Tier, who were chosen as winners of the inaugural $150 million Advancing Collaboration for High-impact Initiatives for Economic Visions & Expansion (ACHEIVE) competition.
The ACHIEVE Competition empowered the REDC to put economic development projects backed by enhanced implementation funding to jump-start regional growth in motion, the state said.
ACHEIVE Awards include:
- $50 million to the New York City Breakthrough Initiative proposal to advance a new model for neighborhood redevelopment that enables housing and workplaces to coexist in underutilized industrial and commercial areas.
- $38 million to support Southern Tier Southworks, a mixed-use, adaptive reuse project in Ithaca that repurposes the former Morse Chain Factory site. SouthWorks will offer housing for all income levels, an innovation hub to retain start-ups in advanced manufacturing, biotech and ag-tech, a living laboratory for trades-focused workforce development with childcare and wraparound services, and an integrated neighborhood with locally tailored amenities for recreation, livability and the arts.
- $32 million for the Rooted in the Mohawk Valley proposal, which involves a six-county plan that builds on the region’s tourism and agribusiness strengths to establish the Mohawk Valley as a model for rural resilience, regenerative enterprise, and community reinvestment. Anchor investments include Empire State Greenhouses and Hoshino Mineral Spa Resort in addition to over 50 supporting projects.
Additionally, nearly 400 projects across the state have been awarded over $300 million in funding through various state agency programs to help catalyze economic growth, jump-start housing growth and advance regionally designed strategic plans.
Allocations by region include:
- More than $45.2 million to support 52 projects in the Capital Region, including $3 million for the Hudson Housing Authority to complete necessary infrastructure improvements and sitework to enable redevelopment that will create 166 new, energy-efficient units across two buildings.
- Nearly $26.2 million to support 34 projects in Central New York, including $6 million for the City of Cortland to make infrastructure improvements along Homer Avenue to enable nearly 100 units of new housing.
- $42.6 million to support 48 projects in the Finger Lakes, including $2.8 million for the Village of Phelps to extend utilities to support the future construction of a 144-unit housing development that will increase the Village’s housing stock by 25 percent.
- More than $26.4 million to support 29 projects in Long Island, including nearly $1.2 million for Bridgehampton Child Care and Recreational Center, Inc. to renovate two underutilized buildings, enabling them to add 80 new affordable childcare slots in addition to the more than 100 children that they currently serve.
- More than $53.1 million to support 53 projects in the Mid-Hudson Region, including $6.8 million for the City of Newburgh to modernize critical public infrastructure to enable at least three new mixed-use housing projects and create 209 new units in downtown Newburgh.
- $23.4 million to support 30 projects in Mohawk Valley, including $3.9 million for the City of Rome and Nascentia Health to build new utilities, roads, sidewalks, and drainage to support the development of 125 senior housing units in “The Nascentia Neighborhood.”
- $29.5 million to support 33 projects in New York City, including $2.5 million for Greenpoint Manufacturing and Design Center Local Development Corporation to rebuild the bulkhead along the northern side of Newtown Creek, and incorporate resiliency features and a public promenade.
- Nearly $12.4 million to support 34 projects in the North Country, including $316,000 for Jefferson-Lewis-Hamilton-Herkimer-Oneida BOCES to purchase equipment and welding simulators for its Watertown and Glenfield facilities to support advanced manufacturing career training.
- More than $26.4 million to support 27 projects in the Southern Tier, including more than $1 million for DMK Endeavors, Inc. to open a First Learning childcare center with a capacity for 144 children in the SouthWorks adaptive reuse development in the City of Ithaca.
- $28.5 million to support 41 projects in Western New York, including $1 million for the Niagara Orleans Regional Land Improvement Corporation to restore the Rapid’s Theatre in Niagara Falls, providing capacity for major headlining events and aiding in downtown revitalization and tourism efforts.
Photo by P.G Who from Pexels
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