And the Regional Economic Development Funds Go to…

And the Regional Economic Development Funds Go to…

December 08, 2011 at 2:53 pm

Four winning regions were announced Wednesday, in Gov. Andrew Cuomo's new competition for capital funding. Cuomo created 10 regional councils in New York State last summer. MetroFocus/Kevon Greene.

Like a game show for development projects, all of the competitors in Gov. Andrew Cuomo’s experimental regional funding contest were at least given a consolation prize (worth tens of millions), but four took home the lion’s share of the jackpot.

Thursday was the climax of Cuomo’s new trial model for allocating capital funds, in which the 10 regional economic development councils that the governor created last summer each submitted master plans for the projects they hoped to get funded. In the past, capital development funds were doled out on a project-by-project basis. While each of the 10 regions got some of the $785.5 million jackpot, only four regions — Western New York, Long Island, Central New York and the North Country — were awarded funding packages over $100 million.

The Winners

Long Island — awarded $101.6 million

Project highlights include:

  • $5 million for Stony Brook University and Brookhaven National Lab for the Smarter Electric Grid 3 initiative, which research and develop new low-cost power technology.
  • $2 million to improve the cancer drug testing facility at Cold Spring Harbor Laboratory.
  • $6 million for Wyandanch Rising, which involves renovating pre-existing affordable housing with sustainable energy technology.

Western New York — awarded $100.3 million

Plan highlights include:

  • $5.1 million to support the Roswell Park Cancer Institute Genome Project, which will research genetic sequences.
  • $2.8 million to Alfred University‘s laboratory for testing sustainable energy alternatives.
  • $2 million to renovate the academic facilities at Rainbow Centre and build to Culinary Institute of Niagara Falls

Central New York — awarded $103.7 million

Project highlights include:

  • $3.6 million to transform a blighted site in Onondaga County into a mixed use research, retail and residential development.
  • $4 million to expand infrastructure at the Cayuga Ingredients Milk Processing Plant.
  • $3 million to build the New York Energy Regional Innovation Cluster at the Syracuse Center of Excellence, which will research energy-efficient building techniques.

North Country — awarded $103.2 million

Project highlights include:

  • $9.9 million to reopen the 46-mile Newton Falls Rail line.
  • $4 million to develop affordable housing at Fort Drum.
  • $2.5 million to expand Bombardier’s plant in Plattsburgh, which tests commercial rail cars.

The “Losers”

  • New York City — awarded $66.2 million
  • Capitol Region — awarded $62.7 million
  • Mohawk Valley — awarded $60.2 million
  • Finger Lakes — awarded $68.8 million
  • Southern Tier — awarded $49.4 million
  • Mid-Hudson — awarded $67 million