September 25, 2012

Schumer, Gillibrand Announce $70,000 to Jumpstart Public-Private Partnership to Strengthen Capital District Economy

Investment From EDA To Help Attract New Businesses, Support New Jobs

Washington, D.C. – U.S. Senators Charles E. Schumer and Kirsten Gillibrand today announced a federal grant worth $70,000 for the Capital District Regional Planning Commission. The investment comes through the U.S. Economic Development Agency, and will be used to help establish a public-private partnership to strengthen the Capital Region’s economy.

“The Capital Region has been a national leader in creating public-private partnerships that have revitalized the economy. CNSE, GlobalFoundries and GE’s Battery plant are just a few of the most successful examples in the region, and I am confident that this grant will enable the Capital District Regional Planning Commission to create another great public-private partnership here in the Capital Region,” said Senator Schumer.

“We have everything it takes for a strong and growing economy right here in the Capital Region,” Senator Gillibrand said. “With smart investments like this, we can harness our full potential to bring more businesses and more jobs to the area, and strengthen the local economy for years to come.”

“The Capital District Regional Planning Commission is extremely pleased to be awarded the grant from the Economic Development Administration for regional economic planning,” said Rocky Ferraro, Executive Director of the Capital District Regional Planning Commission. “The grant materially assists CDRPC in the collection and publication of socio-economic data and information for the region.  It also allows CDRPC to coordinate and collaborate with our state, regional, and local partners to identify and support sustainable initiatives to enhance the economic well-being of the Capital Region.”

The EDA planning investment supports the development and implementation of a comprehensive economic development strategy for the Capital District Regional Planning Commission, which serves Albany, Rensselaer, Saratoga and Schenectady Counties.

The investment will help foster a strong partnership between local public entities and private enterprise to help strengthen local businesses, attract new businesses, and help create new jobs in the Capital Region.