Sunday, December 23, 2012

$100 Million to Hudson Valley in NYS Economic Development Awards

Posted By on Sun, Dec 23, 2012 at 1:56 PM


On December 19, Governor Cuomo announced that $738 million had been awarded through Round Two of the Regional Economic Development Council initiative. Created in 2011, the initiative is part of the Cuomo's strategy to redesign the state's approach to economic development from a top-down model to a community-based, performance-driven approach.

As part of the second round of the Regional Council process, Governor Cuomo, Lieutenant Governor Robert Duffy, and a Strategic Implementation Assessment Team composed of state agency commissioners with Brookings Institution and senior staff, traveled acrossthe state to view progress on projects that have received state funding, as well as assess projects included in the region's 2012 application.

The Mid-Hudson region received close to $100 million for a variety of projects, from cultural activities to infrastructure development, including the following:

$3 million to establish the New York State Cloud Computing and Analytics Center at Marist College that will facilitate operations for technology based firms by providing workforce training and reducing overhead.

$1 million for Touro College to use the now vacant Horton Hospital in Middletown to house a school of osteopathic medicine. The new school would help bolster the number of medical professionals in the Mid-Hudson region.

$775,000 to create a Hudson Valley Food Hub that will provide processing and marketing opportunities to farmers and other food producers, leveraging the region's outstanding agricultural resources. Strengthening the area's food distribution infrastructure will help retain and stimulate an economic sector that also supports tourism and the region's natural resources.

$500,000 to develop the Matrix Distribution Park in Newburgh, including the construction of a 550,000-square-foot manufacturing/distribution facility at the intersection of I-84 & I-87 with the goal of attracting a Fortune 500 company.

$2 million to develop the site of the closed Harlem Valley Psychiatric Center in Dutchess County, including upgrading a Metro-North train station, a commercial/retail area, 9-hole golf course, community center, and 200 units of housing.

$1.2 million for the construction of a mile-long Hudson Landing Promenade along the Hudson River straddling the City of Kingston/Town of Ulster municipal boundary on an old industrial site.

The full list of awardees is available on the Regional Economic Development Council website.

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