Cuomo tours sites to see economic impact in region
Updated 4:58 a.m.
CAPITAL REGION Gov. Andrew M. Cuomo on Tuesday continued his statewide Regional Economic Development Council (REDC) Progress Tour in the Capital Region, where he visited projects to see their progress and their economic impact in the region.
It was the fifth visit in the governor's REDC Progress Tour, which is part of a review of last year's strategic economic development plans and job-creating projects.
"Under the Regional Council process, which has given individual regions the power to shape their own economic trajectory, New York State no longer has a top-down approach when it comes to economic development," Governor Cuomo said. "The Capital Region is putting their own strategic plan to action and growing jobs and businesses in their communities."
"Today Governor Cuomo, Lt. Governor Duffy, and the Strategic Implementation Assessment Team saw first-hand that, through this regional economic development process, we are successfully collaborating across sectors and regions to strengthen the Capital Region economic ecosystem, thereby maintaining and creating jobs, preparing and retaining the workforce, and celebrating and strengthening our communities," said Regional Council Co-Chair and Rensselaer Polytechnic Institute President Dr. Shirley Jackson.
"Guided by our strategic plan, the Council is engaging with business, education, government, and other community leaders across our 8 county region, working together to lay the foundation for long-term economic security."
The governor toured the following CREDC project sites:
• The New York Capital Research Alliance
The New York Capital Research Alliance, a partnership between Albany Medical Center, Rensselaer Polytechnic Institute and the University at Albany, was awarded $950,000 to establish a regional initiative to leverage world-class intellectual capital and biomedical research and development infrastructure to attract both private sector investment and federal sponsored funding.
• Ecovative Design, LLC
Ecovative, a bio-based materials manufacturer in Green Island, was awarded $250,000 for the purchase of machinery and equipment as part of an expansion project that increased efficiency to meet customer demand. It has created 10 new, full-time jobs and has helped leverage $2 million in private investment, according to the Governor's Office.
The governor also visited the Smart Cities Technology Innovation Center (SCiTI) project at Kiernan Plaza in Albany, whose goal is to revive the vacant and historic Union Station building in downtown Albany.