$717 Million Awarded in New York’s Consolidated Funding Awards
Dec 9, 2016
by Roberta Jordans
The Finger Lakes Region, Mohawk Valley, Capital Region, Mid-Hudson and New York City were the five “top performers” announced on December 8, 2016 as part of the 2016 Regional Council Round VI Consolidated Funding Awards. Each of these five areas was awarded more than $80 million in funding to support various economic development projects, ranging from environmental issues to job training to infrastructure improvements and cultural initiatives. In total, $717 million was awarded across New York state by the in the Regional Economic Development Council, which will in turn support 950 separate projects. Individual regional awards were as follows:
Western New York
Central New York
New York City*
Key: *= Top Performers
The original concept of the Consolidated Funding Awards competition was to foster "bottom up" economic development in New York, creating jobs and reducing the unemployment rate. In 2016, funding was available through over 30 programs available through 11 state agencies, including Empire State Development; NYS Canal Corporation; NYS Energy Research and Development Authority; Environmental Facilities Corporation; Homes and Community Renewal; Department of Labor; New York Power Authority; Office of Parks, Recreation and Historic Preservation; Department of State; Department of Environmental Conservation, and Council on the Arts. Consolidated Funding Application competitions have typically been made available during the summer of each year, with announcements made in the fall/winter timeframe.
Since the program started in 2011, nearly $4.7 billion has been awarded to more than 5,000 individual projects, not including funding awarded through special initiative programs.