NEW PALTZ – SUNY New Paltz will be receiving a state grant of $250,000 per year for five years to serve as an Innovation Hot Spot, or business incubator, for the Mid-Hudson region.
The grant recognizes the college’s School of Business’ Hudson Valley Venture Hub and its years of service as a resource hub for the regional startup and entrepreneurial ecosystem.
This marks the first time the state’s innovative Hot Spot for the Mid-Hudson, encompassing Dutchess, Orange, Putnam, Rockland, Sullivan, Ulster and Westchester, will be located in Ulster County.
The new funding and status as the region’s Innovation Hot Spot will allow the Venture Hub to continue and expand its efforts, both in scale and in geographic reach with one of its first missions to be a cross-county listening tour to promote open dialogue and identify key priorities for regional businesses and organizations.
“We want to be a part of growing strong companies and jobs for New York’s future, by connecting entrepreneurs across the Mid-Hudson Valley region to the support, mentorship and investment they need, when they need it,” said Eliza Edge, director of the Hudson Valley Venture Hob.
