Business & Tech

Mid-Hudson Regional Economic Development Council Seeks Proposals

MHREDC seeks proposals that will stimulate jobs, private sector investment, and economic growth. Deadline for proposals is July 30th. This is the third round of up to $760 million in funding.

The Mid-Hudson Regional Economic Development Council (MHREDC) seeks project proposals for the third round of Governor Cuomo’s Regional Council initiative. Priority projects should stimulate job creation, private sector investment and transformational economic growth.

Priorities include a focus on growth industries, such as biotechnology, high tech manufacturing and information technology, as well as more established industries, such as health care, financial and professional services and the food and beverage sector, according to a release from MHREDC.

To submit a proposal, fill out the Priority Project worksheet and submit it by 4:00pm on July 30th, 2013, along with any supporting documentation.http://regionalcouncils.ny.gov/content/mid-hudson.

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Applicants must complete a CFA for each project submitted. The deadline for CFA submissions is 4:00 p.m. on Monday, August 12, 2013.  Application materials are available online athttps://apps.cio.ny.gov/apps/cfa/index.cfm.

In 2011, Governor Cuomo announced the creation of ten Regional Economic Development Councils to transform New York’s approach to economic development, according to the release. The Regional Councils exceeded all expectations and redefined the way New York invests in job creation, according to the MHREDC release. 

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To keep the momentum going, Governor Cuomo has launched a third round of up to $760 million in economic development funding, according to the MHREDC release.

State agencies and authorities making resources available in the 2013 CFA include: Empire State Development; NYS Canal Corporation; NYS Energy Research and Development Authority; Environmental Facilities Corporation; Homes and Community Renewal; Department of Labor; Parks, Recreation and Historic Preservation; Department of State; New York Power Authority; Agriculture and Markets; Department of Environment Conservation; and the Council on the Arts.

Once the CFA is submitted by the applicant, it goes to the local Regional Council. The Mid-Hudson Regional Economic Development Council includes Westchester, Rockland, Orange, Putnam, Dutchess, Sullivan and Ulster counties.

For more information about the Regional Council initiative, please visithttp://regionalcouncils.ny.gov/.


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