ALBANY, N.Y.>> The Capital Region Economic Development Council held a mid-summer meeting on Thursday, bringing together local leaders to discuss ongoing programs.
This public-private partnership council is one of 10 across the state, established in 2011 by Governor Andrew Cuomo, with the task of developing long-term strategic plans for economic growth for their regions.
In the past several years, these councils have redefined the way New York state invests in jobs and economic growth by putting in place a community-based approach and establishing a competitive process for state resources.
After six rounds of the CREDC process, billions of dollars have been awarded around the state, spurring job creation and community development projects consistent with each region’s strategic plans.
The CREDC is now in its seventh round, collecting consolidated funding applications for projects around the eight-county region, which includes Albany, Columbia, Greene, Rensselaer, Saratoga, Schenectady, Warren and Washington counties.
The council’s current focus is extensive outreach efforts in all of these areas. Co-chair James Stellar of the University at Albany, who leads the council along with James Barba of Albany Medical Center, told members at the meeting to encourage any potential applicants to subnit an application, as a larger pool should result in a stronger range of candidates and projects.
Empire State Development regional director Michael Yevoli said the council is expecting a lot of applications for this round of funding….
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