Updates and Activities of the NCREDC
Governor Andrew M. Cuomo announced an additional $55 million in funding for five innovative economic development projects as part of the third round of the competitive NYSUNY 2020 Challenge Grant Program. The program incentivizes bottom-up economic development projects that advance research opportunities around the State’s colleges and universities while also leveraging private sector investments and job creation. The projects being awarded funding today are located in Western New York, the Southern Tier, Central New York, the North County and the Mid-Hudson Valley.
The Manufacturing and Technology Resource Center for the North Country – $12.7 million –Clinton County Community College
This project (also known as MaTRec) will construct the North Country’s first advanced manufacturing institute. Building off the North Country Regional Economic Development Council’s designation of transportation, aerospace and manufacturing as priority areas for economic growth, MaTReC will establish a pipeline of educational programs and training to strengthen industry in the area. Through expanding existing workforce programs at Clinton County Community College, collaborating with both Clarkson and SUNY Plattsburgh on relevant advanced degrees, and three local high schools implementing a Pathways to Technology Early College High School, MaTReC will create a one stop location for local industry clusters to access programs and individual talent.
The project will construct a new two story, state-of-the-art training facility on Clinton Community College’s main campus resulting in the creation of over 100 construction related jobs. As an advanced manufacturing institute, MaTReC will support the regions strong economic base for manufacturing, which in 2012 included 79 manufacturing companies that were operational in Clinton County alone with an average employment of 3,280 and total wages of $151,404,547.
To read more, see the Governor’s Press Release here http://www.governor.ny.gov/press/91614-nysuny-2020-grant and a Press Republican article here http://www.pressrepublican.com/news/local_news/article_a5e10116-a3ae-5615-8c9a-5bd23843884a.html