Regional approach to economic development works, New York’s economic development chief tells local business leaders


Zemsky: “… you are
empowered …”

TOWN OF WALLKILL – The decentralized approach to economic development
has proven to be a success, the state’s economic development leader
told members of the Orange County Chamber of Commerce on Thursday.
Howard Zemsky, the president of Empire State Development, said the regional
economic development councils created under Governor Cuomo have placed
the fate of each region’s business growth in the hands of that area.
“Who knows better what the strategic investments, what your strategic assets, how you are going to compete in the world based on what assets; not only are you empowered to create a strategic plan, which you have done masterfully, but then you are empowered to really direct the resources of the state to advance the plan through that strategic lens,” he said.
Zemsky this is the year of infrastructure with the Tappan Zee Bridge construction and other projects around the state.
Economic development is viewed by the current administration as a four-legged stool, Zemsky said – place based investment, workforce development, innovation and entrepreneurship, and tradable sectors. 

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