Upstate Revitalization Initiative
A Message from CEG President Michael Hickey
On behalf of CEG, we congratulate the Central New York, Finger Lakes and Southern Tier regions on their selection as recipients of Governor Cuomo's Upstate Revitalization Initiative economic development funding. These regions are deserving of additional investment, and we are confident that future economic success for these regions will only better the State as a whole as a result. The Capital Region however, did receive $98.1 million as a REDC top performer winner, which is the largest amount we have ever received. This is certainly a positive investment for our region and gives us the capability of funding top priority projects.
While the Capital Region was not selected as a URI winner, our 8 counties came together to create a compelling plan for our economic prosperity. The plan we delivered is a robust investment case that will truly transform our region. It's integrated, forward-looking, and backed by our community and stakeholders. While the plan was built by and for the Capital Region, it's also built to scale. Investing in our region means you are investing in the entire State of New York.
The strategies outlined in our plan are backed by evidence and supported by existing initiatives. They are integrated and mutually reinforcing; designed so when implemented together, collectively they achieve more.
Our plan is designed for transformational impact for the Capital Region and beyond. Having a true regional plan means this is an exciting time for us. This competition has made us better and stronger. We now need to successfully execute on our plan, and that requires us to continue to stay engaged and invested as a region. I am sure there will be opportunities in our future to engage with the Governor and the State on new investments for our region. After all, New York is open for business.
We look forward to working with all our regional partners and stakeholders and the Capital Region Economic Development Council to advance our region to the next level.
Learn more about the Capital 20.20 plan here. We will update you further on the CFA awards.