ALBANY — New York's Mohawk Valley, North County, Capital Region, Southern Tier and all of Long Island are the big winners in this year's round of competitive state economic development grants. Each region won more than $80 million in funding, tax breaks and capital.
Western New York, the Finger Lakes Region, the Mid-Hudson Region, central New York and New York City will each get about $60 million in this third year of the awards.
In all, Gov. Andrew Cuomo announced Wednesday about $750 million in state economic development resources to fund 824 projects statewide.
The resources include state tax breaks for new and expanding companies and borrowing authority and cash for the economic development proposals judged to have the most promise in each region. Most involve partnerships between business and local colleges.