May 05, 2010

Gillibrand Announces $70,000 For Central New York Economic Development

Federal Funding Will Be Used For Economic Development Projects In Cayuga, Cortland, Madison, Onondaga, And Oswego Counties

Washington, DC – U.S. Senator Kirsten Gillibrand today announced $70,000 for Central New York from the Economic Development Administration. The federal funding will be used by the Central New York Regional Planning and Development Board to encourage economic development projects in Cayuga, Cortland, Madison, Onondaga, and Oswego Counties.

“This is a great investment for Central New York,” Senator Gillibrand said. “These federal dollars will help develop partnerships between the public and private sector, stimulating economic growth in the entire region. I will continue working to ensure New York gets its fair share from the federal government.”

“I am very pleased to receive word today that the federal Economic Development Administration has awarded a Partnership Planning grant to the Central New York Regional Planning and Development Board,” said David Bottar, Executive Director of the Central New York Regional Planning and Development Board. “Congressional support for this federal program will allow the CNY RPDB to continue work on a number of infrastructure and business assistance programs that will support economic growth in our five-county region in Central New York”.

This investment supports the development and implementation of a comprehensive economic development strategy (CEDS) in Cayuga, Cortland, Madison, Onondaga, and Oswego Counties. These federal funds will fund half of the cost of developing this project, which will have a positive impact on the region’s economy. Senator Gillibrand has been active in pushing for increased funding for regional development under the Economic Development Administration, successfully including additional funds for business incubators in the reauthorization of the Administration.