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State releases funding for projects that will spur economic opportunity in seven regions

ALBANY – Eleven projects that will spur economic opportunity across the Finger Lakes, Central New York, North Country, Capital Region, Mid-Hudson, Long Island and Western New York regions will share $22.3 million in state funding. The money, approved by Empire State Development’s (ESD) Board of Directors, will go to projects in the seven regions, creating nearly 300 new jobs and retaining more than 3,350 existing jobs. This funding will also leverage over $270 million in additional investments to support business growth and lay the groundwork for future economic growth and job creation.

“By funding these projects, we are attracting new businesses and supporting local economic development priorities in communities across the State,” Governor Andrew Cuomo said. “Focusing on key industries like manufacturing, healthcare and tourism, these projects are creating jobs and leveraging millions of dollars in private sector investments. Today’s announcement is a reminder that New York’s economy is on the move, and this administration is actively working with local, federal, and private sector partners to keep that momentum going.”

Empire State Development President, CEO & Commissioner Kenneth Adams said, “Under the leadership of Governor Cuomo, we are making targeted investments that are supporting major economic development projects across New York State. From supporting municipal facility construction and expansion to advancing the manufacturing and health research industries, these projects are creating jobs and building a solid foundation for future growth.”

The ESD Board approved the following Regional Economic Development Council (REDC) Award grants:

  • Health Sciences Center for Computational Innovation (Finger Lakes Region – Monroe County) – $5,000,000
    The University of Rochester (UR), a higher education institution excelling in research and health care, will use a grant of up to $5 million for a portion of the cost of facility improvements and the installation of new generation supercomputing software at the University’s off-campus data center and its on-campus visualization center
  • Midtown Tower Rochester (Finger Lakes Region – Monroe County) – $4,000,000
    Midtown Tower, LLC, a joint venture of two successful commercial/residential real estate developers, will use a grant of up to $4 million for a portion of the construction costs for the $57.7 million adaptive reuse of a former downtown office building into nearly 400,000 SF of mixed use residential.
  • Clayton Harbor Hotel (North Country Region – Jefferson County) –$3,000,000
    Clayton Harbor Hotel, LLC will use a grant of up to $3 million to support the construction of a new $23.5 million hotel and conference facility in Clayton, Jefferson County
  • Marist College Capital (Mid-Hudson Region – Dutchess County) – $3,000,000
    Marist College, an independent liberal arts college, will use a grant of up to $3 million to support the establishment of the New York State Cloud Computing and Analytics Center (NYSCCAC), which was completed in December 2013.
  • St. Joseph’s Hospital Health Center (Central New York Region – Onondaga County) –$2,500,000
    St. Joseph’s Hospital Health Center, a not‐for‐profit teaching hospital and comprehensive medical care institution located in Syracuse, will use a grant of up to $2.5 million to support the construction of a new $113 million patient tower and greenway corridor to North Side businesses in Syracuse
  • Buffalo Streetscapes (Western New York Region – Erie County) – $2,000,000
    The City of Buffalo will use a grant of up to $2 million for a portion of streetscape and infrastructure development costs in downtown Buffalo to advance and improve traffic flow and connectivity.
  • Jefferson County Watertown International Airport (North Country Region – Jefferson County) –$1,500,000
    Jefferson County will use a grant of up to $1.5 million to support the construction of a new 14,000‐square‐foot hangar building at the Watertown International Airport.
  • Trinity Alliance of the Capital Region, Inc. – ATTAIN (Capital Region – Albany County) – $475,000
    The Trinity Alliance of the Capital Region, Inc. (Trinity), a not-for-profit organization located in Albany’s South End whose mission is to improve the neighborhood for family life, contribute to the health and well‐being of area residents, and to promote education and employment opportunities.
  • J.M. Haley (Long Island Region – Suffolk County) – $200,000
    J.M. Haley Corporation, full‐service, sheet‐metal duct shop that fabricates galvanized black‐iron, aluminum and stainless‐steel metals, will use a grant of up to $200,000 to support property acquisition, facility renovations, and the purchase of machinery and equipment needed to relocate its ductwork fabrication and installation operations to a new facility.
  • Gowanda’s Historic Hollywood Theater (Western New York Region – Cattaraugus County) – $166,667
    Gowanda's Historic Hollywood Theater, Ltd., an historic 12,600‐square‐foot theater which was constructed in 1926 and was once home to big band performances, vaudeville acts, and reel movies until it was closed in 1992,will use a grant of up to $166,667 in support of interior restoration costs.
  • Kawasaki Rail Car (Mid-Hudson Region - Westchester County) – $500,000
    Kawasaki Rail Car, Inc., a market leader in rail car manufacturing, will use a grant of up to $500,000 to offset the purchasing cost of the company’s currently leased manufacturing facility.