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North Country Regional Economic Development Council, which covers St. Lawrence County, submits 27 priority projects

Posted 10/6/16

The North Country Regional Economic Development Council (NCREDC) recently submitted its 2016 Progress Report to Empire State Development, meeting their Oct. 3 deadline. The document recommends 27 …

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North Country Regional Economic Development Council, which covers St. Lawrence County, submits 27 priority projects

Posted

The North Country Regional Economic Development Council (NCREDC) recently submitted its 2016 Progress Report to Empire State Development, meeting their Oct. 3 deadline.

The document recommends 27 priority projects to advance the region’s growth objectives.

These projects represent a total proposed state investment of $25,000,000 million, leveraging $77,648,870 in private and other funding for total project expenses of more than $102,648,870. Collectively, they support the creation of 213 new jobs, 439 indirect jobs and the retention of 393 existing jobs, the council said in a prepared statement.

"Based on broad public participation from across the region into our strategies, plans and priorities; our communities are working together to drive global recognition of the North Country as one of the special places on the planet to visit, live, work and study," said Anthony G. Collins, NCREDC co-chair and president of Clarkson University.

"Our 2016 submission underscores our commitment to energize and invest in our communities to drive job growth, responsibly steward our natural assets, and create new opportunities to attract and retain our next generation of regional community leaders."

The report includes the region’s strong performance record in implementing its strategies and projects since the first round of Governor Andrew M. Cuomo’s Regional Economic Development Council initiative in 2011. The first five rounds of funding resulted in $423.2 million in State funding to support nearly 400 projects that are completed or in progress and have committed to create or retain 6,444 jobs in the region. The Council’s plan supports this positive trend and will continue to build on the success of previous years, accelerating the North Country’s regional economy.

The report can be found at http://regionalcouncils.ny.gov/content/north-country.

Round VI of the REDC initiative will award more than $750 million in state funding and tax incentives, including up to $175 million in capital grants and up to $70 million in Excelsior Tax Credits for projects and activities identified by the Councils as regional priorities in their communities. Additionally, over $510 million from state agency programs will be awarded through the CFA process.

Regional council priorities in 2016 include:

• Support the Downtown Revitalization Initiative Plan, and begin to identify priority projects in the defined community;

• Implementing strategies through the project pipeline;

• Training the workforce for today and tomorrow; and

• Measuring the performance and progress of the strategic plan and CFA projects.

Regional councils will compete in 2016 for up to $175 million in capital funds and $70 million in Excelsior Tax Credits for projects identified by the Regional Councils as priorities in their regions.

In 2016, all 10 REDCs will be competing for a designation as a Top Performer. Five Top Performers will be selected and will receive up to $25 million in Empire State Development Capital Grant funding, with the remaining five regions receiving up to $10 million in Empire State Development Capital Grant funding. Additionally, each region will be eligible for up to $15 million in Excelsior Tax Credits.