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What you need to know for 01/21/2018

Capital Region REDC names 8 new members

Capital Region REDC names 8 new members

The Capital Region Economic Development Council is welcoming eight new members in various industries

The Capital Region Economic Development Council is welcoming eight new members in various industries across the Capital Region.

The council announced Monday that the new members would fill vacant seats. Appointees include Proctors CEO Philip Morris, Union Graduate College President Laura Scweitzer and Hudson Valley Community College President Drew Matonak.

“The Capital Region Economic Development Council, under the leadership of co-chairs Dr. Robert Jones and Jim Barba, has continued to steadily work toward the region’s economic vision for growth and job creation,” Lt. Gov. Robert Duffy said in a statement. “These new appointees bring with them a wealth of knowledge and combined experience in economic development, business and education in the Capital Region.

The new members come ahead of the fourth round of the statewide Regional

Economic Development Council awards, where councils from 10 regions across the state will compete for up to $750 million in state aid for proposed economic development projects.

Other members named to the council include Andrew Meader, corporate alliances director for Six Flags/The Great Escape; Thomas O’Connor, CEO of Mohawk Fine Papers Inc.; Linda MacFarlane, executive director of the Capital District Community Loan Fund; David Brown, president and CEO of the Capital District YMCA; and Debabrata Mukherjee, president of Finch Paper.

This year’s regional council awards will focus on projects aimed at attracting global investments and identifying export strategies as well as those demonstrating a push toward hiring veterans. The deadline for project applications is June 16.

Last year the Capital Region was a “top performer” in the competition taking home about $83 million for a proposed 85 projects. This year the region will compete against last year’s four other top performers for two awards of $25 million each. All 10 regions will also compete for $25 million in capital funds and up to $10 million in Excelsior Tax Credits.

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