The spirit of giving was in the air last week in Albany when Gov. Andrew Cuomo announced the winners of the third round of his Regional Economic Development Council initiative—and Long Island came out on top with $83 million to be shared among 98 local projects.
Since the program began in 2011, Cuomo has awarded $244 million to the Long Island Regional Economic Development Council, which competes with regions across the state for these special grants tailor-made to “create jobs and support economic growth,” as the governor’s press office put it.
“We are transforming New York State into a top destination for companies from around the world to locate, invest and grow,” Cuomo said. “These efforts have allowed the regional councils for the last three years to pursue economic development projects on the ground across the state, from creating new technologies and supporting innovation to building hospitals and tourism destinations that will further our economic growth.”
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