Updates and Activities of the NCREDC
The Regional Economic Development Council initiative (REDC) is a key component of Governor Andrew M. Cuomo’s transformative approach to State investment and economic development. In 2011, Governor Cuomo established 10 Regional Councils to develop long-term strategic plans for economic growth for their regions. The Councils are public-private partnerships made up of local experts and stakeholders from business, academia, local government, and non-governmental organizations. The Regional Councils have redefined the way New York invests in jobs and economic growth by putting in place a community-based, bottom up approach and establishing a competitive process for State resources. After four rounds of the REDC process, nearly $3 billion has been awarded to job creation and community development projects consistent with each region’s strategic plans, supporting the creation or retention of more than 150,000 jobs. For more information on the Regional Councils, visit www.regionalcouncils.ny.gov.
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 that serve as a single point of contact for economic activity in the various regions. The NCREDC was awarded $63.4 million supporting 69 projects in 2014. The Council was named a “Top Performer” in 2013 and 2012, in addition to its Strategic Plan being named a “Best Plan Awardee” in December 2011. There are 291 projects across the region that have been awarded a total of $338.1 million in state support through the Regional Economic Development Council initiative and Consolidated Funding Application (CFA) process in the statewide competition. The plan and priority projects can be found at www.ncredc.com