Tuesday
October 31, 2017


 

 

 

MHREDC pitches 2017 projects to state-level decision makers


The Kingston event was an opportunity hear and exchange ideas

View the 2017 Progress Report

KINGSTON – Members of the Mid-Hudson Regional Economic Development Council met in Kingston Monday to deliver their progress presentation to the New York State Strategic Implementation Assessment Team.

Appointed by the governor’s office, the assessment team evaluates Consolidated Funding Applications for economic development grants on behalf of Empire State Development, in a competitive process involving 10 regional EDCs statewide.

Regional Council Chairman Dennis Murray said they have taken a slightly different approach with their recommended projects this year.

“What we have done this year is stress urban centers, to try and help some of the areas in our region that are struggling more than others; we’ve done a good job targeting the money,” Murray noted. Also included are nine solid family-owned businesses. “We want to try to support initiatives for those companies.”

Murray said last year the Mid-Hudson was rated the number one region in the state, bringing in more money than any of the other regions.

“We have a great team; I think we put our best foot forward today. We will wait until December and hope the results are again good for this region.” Murray noted that the strategy and plans presented not only determine the amount of money, received, but also influences which projects get approved.

“Unemployment continues to decline, the total number of establishments in the region has increased, and wages have remained stable,” Murray said.

The 63-page report said. “There is no doubt that the Mid-Hudson is gaining ground, but we still lag behind overall state averages in many areas, showing the continuing need for targeted funding support.”

Projects that have received Consolidated Funding Application funding in Rounds one through six are moving forward well. Of the 574 projects that were awarded funding, 90 percent are either complete or progressing. We are also proud of our leverage ratio, which is 6:1 for all these funded projects, the report explained.

View the report

 


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