Updates and Activities of the NCREDC
North Country Regional Economic Development Council Hosts Public Meeting in Lake Placid
Council Members Discuss 2017 Efforts Ahead of CFA Deadline
The North Country Regional Economic Development Council (NCREDC) today held its third public meeting of 2017 in Lake Placid, Essex County. During the meeting, the Council discussed the potential for hosting a series of international winter sporting events in the North Country, and heard progress reports from Council workgroups ahead of the deadline Round Seven for Consolidated Funding Applications.
The Council welcomed three representatives from Winter Universiade, an international winter sporting event featuring university athletes sponsored by the International University Sports Federation. The biannual games feature more than 1,500 athletes representing more than 50 different nations. In January, a North Country contingent traveled to Almaty, Kazakhstan during the 2017 games, as Lake Placid considers a bid for the 2023 Winter Universiade.
The co-chairs reminded both attendees and the public about the upcoming deadline for Round VII Consolidated Funding Applications, which are due by 4 p.m. on Friday, July 28. The Council also established a Life Sciences Work Group to identify potential projects for and within the state’s burgeoning life sciences industry, which is a priority for all Regional Councils in 2017. Additionally, the newly formed Lodging Task Force presented strategies to better develop accommodations across the North Country region; and Brian Ashley, Executive Director of the Fort Drum Regional Liaison Organization and NCREDC member, provided an update on the latest at Fort Drum.
Garry Douglas, President of the North Country Chamber of Commerce and NCREDC co-chair, said, “We are approaching this year’s funding application deadline and look forward to receiving a large number of excellent project proposals from across the region. Interest seems high this year and, among the mix of applications, we are hopeful of seeing an increase in the number of private sector, job creating projects. Right now, our message to all potential applicants, including businesses that may be planning expansions over the next year, is to contact Empire State Development or to work through their local economic development agency to see if the state can help. In the end, the way that we maximize state investment in the North Country is to maximize the number of applications and help make them as strong as possible.”
Anthony Collins, Clarkson University President and NCREDC co-chair, said, “The topics covered in today’s Council meeting truly reflect the high-level of public-private cooperation occurring across the region to elevate the North Country as one of the special places on the planet to live, work, study and visit. Across multiple sectors, this kind of collaboration is advancing economic development opportunities that grow jobs and our infrastructure for long-term growth.”
During the public session, Jim Murphy, the Executive Director of the Adirondack Economic Development Corporation in Saranac Lake, addressed the Council. He discussed the Community Development Financial Institution Assistance Program, which helps federally certified community development financial institutions (CDFIs) strengthen their lending and technical assistance services. Each year, CDFIs help thousands of minority- and women-owned business enterprises and small businesses survive and flourish in New York State. More information can be found here.
The co-chairs also hosted the final of seven public outreach forums, detailing the NCREDC’s strategies for the 2017. The next public meeting is scheduled for Thursday, September 14 in Potsdam.
The NCREDC, which is composed of Clinton, Essex, Franklin, Hamilton, Jefferson, Lewis and St. Lawrence counties, is one of 10 regional councils across New York State. There are now 450 projects across the region, which have been awarded a total of $484.6 million in support from the State through the Regional Economic Development Council initiative.