Four regional councils win big, but no one goes home empty-handed
Last Updated by
Last summer, when Governor Andrew Cuomo announced the creation of ten new regional economic development councils, his emphasis was on competition.
Each region was charged with developing a five-year strategic economic development plan, which would then compete against the other plans for a billion-dollar pool of state funds.
But as he announced the awards today in Albany, which totaled $785.5 million, it was apparent that everyone was a winner.
Four of the councils--Western New York, Central New York, Long Island and the North Country--took home the prize of 'Best Plan' and were each awarded more than $100 million.