“The SIAT serves an important function for the Regional Council process – providing ESD with comprehensive assessments of each region’s progress and valuable recommendations for investing in important economic development projects,” Commissioner Adams said. “This year’s team, which includes several returning members, has extensive experience in economic and community development and will provide invaluable insight on how to best leverage State and local resources with private investment to create jobs and economic growth. Governor Cuomo’s Regional Council initiative has already injected billions of dollars into communities from Montauk to Mapleton, supporting more than 100,000 New York jobs since 2011. In 2014, the REDCs are focused on continuing to build on the success of the last three years while strengthening New York’s economic outlook – and we look forward to seeing their proposals.”
The 2014 SIAT Team is composed of Cesar A. Perales, New York State Secretary of State; Jerry Boone, Commissioner and President, New York State Civil Service Commission; RoAnn Destito, Commissioner, New York State Office of General Services; Matthew Driscoll, President and CEO, New York State Environmental Facilities Corporation; Thomas Mattox, Commissioner, New York State Department of Taxation and Finance; Cristyne Nicholas, Chair, New York State Tourism Advisory Council; Patrick Kirwan, Director, Trade Promotion Coordinating Committee, U.S Department of Commerce; andColonel Eric Hesse, Executive Director, New York State Division of Veterans’ Affairs.
Additionally, Commissioner Adams today announced that each of the 10 REDCs will present their Round IV proposals to the SIAT over two days in Albany – Monday, September 15, and Tuesday, September 16, in Meeting Room 6 at Empire State Plaza. Each region will have up to 30 minutes to provide an in-person presentation to the SIAT, which will include updates on the goals of their strategic plans, progress achieved on priorities from previous rounds, and outlines of their Round IV strategies.
The REDCs will present their Round IV proposals to the SIAT according to the following schedule:
Monday, September 15, 2014
- 10 a.m. – 11 a.m. New York City
- 11:30 a.m. – 12:30 p.m. Long Island
- 1:30 p.m. – 2:30 p.m. Mid-Hudson
- 3 p.m. – 4 p.m. Finger Lakes
Tuesday, September 16, 2014
- 8 a.m. – 9 a.m. Mohawk Valley
- 9:30 a.m. – 10:30 a.m. North Country
- 11 a.m. – 12 p.m. Central New York
- 1 p.m. – 2 p.m. Capital Region
- 2:30 p.m. – 3:30 p.m. Southern Tier
- 4 p.m. – 5 p.m. Western New York
The REDC process has transformed economic development in New York, creating a statewide framework for bottom-up regional economic growth and streamlining the funding application process. Over $2 billion in investments from the past three rounds are supporting more than 2,200 projects to promote the creation or retention of more than 100,000 jobs statewide.
Through three rounds of the REDC competition:
- Western New York REDC has delivered $213.9 million for 235 projects;
- Finger Lakes REDC has delivered $224.8 million for 255 projects;
- Southern Tier REDC has delivered $222.4 million for 207 projects;
- Central New York REDC has delivered $264.4 million for 226 projects;
- Mohawk Valley REDC has delivered $202 million for 205 projects;
- North Country REDC has delivered $274.7 million for 222 projects;
- Capital Region REDC has delivered $195.8 million for 272 projects;
- Hudson Valley REDC has delivered $219.4 million for 232 projects;
- New York City REDC has delivered $175 million for 160 projects; and
- Long Island REDC has delivered $244.3 million for 250 projects.
In April, Governor Cuomo launched Round IV of the REDC initiative, officially kicking off the 2014 competition for up to $750 million in state economic development resources. The Consolidated Funding Application (CFA) was opened to applicants on May 1 with a deadline for submissions of June 16, providing businesses, municipalities, not-for-profits, and the public with the opportunity to apply, through a single application, for assistance from dozens of state funding programs for job-creating economic and community development projects.
In Round IV, to continue to generate investment opportunities and job creation, the REDCs will compete for up to $150 million in capital funds and $70 million in Excelsior Tax Credits for projects and activities identified by the Councils as priorities in their regions. Additionally, up to $530 million from state agency programs will be awarded through the CFA process.
This year, the competition is focused on:
- Implementation of regional strategic economic development plans;
- Performance in encouraging economic growth through job creation and investment;
- Identification of global marketing and export strategies;
- Collaboration with local governments to transform the regional business climate;
- Supporting NY Rising Community Reconstruction Plan projects;
- Addressing Regional Workforce Development needs for key sectors;
- Refining the Regional Opportunity Agenda; and
- Promote Veterans’ participation in the workforce.
There are several new aspects to the 2014 competition, including the development of a Global NY plan, the promotion of Veterans’ participation in the workforce, and supporting NY Rising Community Reconstruction (NYRCR) program projects. For more information on these components of the competition, visit the 2014 REDC Guidebook at www.regionalcouncils.ny.gov.
The 2014 Regional Economic Development Council awards will be announced this Fall.
The full press release can be viewed here: http://regionalcouncils.ny.gov/general/090914/strategic-implementation-assessment-team