Central New York awarded $93 million for economic development
Wed, 19 Dec 2012 19:22:49 GMT —
Tens of millions of dollars is heading to Central New York to boost economic development.
On Wednesday, Governor Andrew Cuomo announced the second round of funds awarded by the Regional Economic Development Council totaling $738 million across the state. The goal is to jumpstart the economy and create jobs.
"For too many years, top-down economic development policies have failed communities across the state and not truly invested in the unique resources and strengths of each of New York's regions," Cuomo said. "The strategic plans created during this process have given each region a comprehensive, locally created plan for future economic growth."
Central New York will see $93.8 million for 73 projects including:
â?¢$3.1 million to enable the Syracuse Community Health Center to begin to establish a healthcare campus on the 800-900 Block of S. Salina Street. The project involves construction of a 60,000 sq. ft. LEED-certified primary health care center at the former Superior Electric facility.
â?¢$2.5 million to redevelop the former Sibley's Department Store into a mixed-use space with approximately 62,000 sq. ft. of ground-floor retail and 60 residential units on the upper three floors.
â?¢$320,000 to construct Prospect Place, a planned mixed-use development adjacent to St. Joseph's Hospital Health Center's main entrance and newly-constructed emergency department. The new building will include a fresh food cafÃ©, 12 apartments intended for hospital employees, and retail and green spaces. The building will also have a "green roof" and other sustainable features.
â?¢$397,831 for the SUNY College of Environmental Science and Forestry to create a biomass and biofuel processing facility on campus. The new Biomass Cooperative Innovation Center will offer students, researchers, and community members access to biomass processing and biofuel processing equipment and resources. The Center will produce wood pellets, biodiesel from waste oil, and potentially fish pellets produced from food waste.
â?¢$1.5 million to establish a shared-use processing and warehousing facility for small-scale food processing and distribution of locally-farmed products (meat, dairy, cereals, and vegetables). The project involves purchasing and equipping an existing 45,000 sq. ft. building in Canastota.
â?¢$500,000 for Central NY Biotechnology Accelerator and SUNY ESF to purchase lab equipment that will be available to potential biotech incubator tenants and university collaborators on a shared basis. The incubator space will be available for start-up companies, predominantly in the biomedical, pharmaceutical, and bioenergy fields.
â?¢$1.5 million for infrastructure improvements related to the planned redevelopment of the Syracuse Inner Harbor including environmental remediation, public infrastructure improvements, renovation of the NYS Canals maintenance building into a crew boathouse, and/or relocation of the freight house as a potential Canal museum.
â?¢$2 million to develop a 150-acre site in Central Square into a premier multi-use destination facility for motor sports, trade shows, concerts and other events. The new facilities will include a state-of-the-art synthetic dirt racing track with new, high-tech LED lighting; banquet and restaurant facilities; and VIP suites. Funding will assist with infrastructure improvements required for access to and from I-81 and an associated rest area.
â?¢$600,000 for South Avenue PriceRite Supermarket to renovate and expand an existing warehouse, redeveloping it into a new 35,000 sq. ft. supermarket on South Avenue in the Syracuse. The new store will provide fresh and affordable groceries to the underserved South Side neighborhood.
â?¢$1 million to redevelop the former Kennedy Square housing complex in Syracuse. The Loguen's Crossing project includes, but is not limited to, the extension of water and sewer lines, storm water retention, sidewalks, and street landscaping.
The Finger Lakes Region was awarded $96.2 million for 76 projects. The North Country was given $90.2 million for 82 projects. The Mid-Hudson region will receive $92.8 million for 84 projects. Long Island was awarded $59.7 million for 86 projects. The Mohawk Valley was given $59.7 million for 72 projects. Western New York will receive $52.8 million for 58 projects. New York City will see $51.4 million for 50 projects. The Capital Region was awarded $50.3 million for 84 projects.