Skip Navigation
on:

NCPR is supported by:

News stories tagged with "redc"

Politicians and economic development leaders join Governor Cuomo on stage in Albany. The North Country is the only region to win extra dollars each year of the program.  (Photo: State of NY)
Politicians and economic development leaders join Governor Cuomo on stage in Albany. The North Country is the only region to win extra dollars each year of the program. (Photo: State of NY)

Is Cuomo's Regional Council really boosting North Country jobs?

Over the last three years, the Regional Economic Development Council created by Governor Andrew Cuomo has funneled more than $270 million to the North Country.

The North Country Council has moved the center of the debate over the region's economic future.

From job-creation to attracting new investment, to planning for major transportation and tourism projects, the volunteers who run the program have emerged as key players, with direct access to Governor Andrew Cuomo and other state officials.

Support for the Council system has been growing steadily. But big questions remain about how effective it has been in sparking new jobs and new private sector growth.  Go to full article
Local residents, including Lindy Ellis, right, and Ginger Dora, center, listen to a presentation Wednesday night during a public hearing in the Harrietstown Town Hall in Saranac Lake on a proposed 90-room Lake Flower hotel. Photo: Chris Knight, courtesy <em>Adirondack Daily Enterprise</em>
Local residents, including Lindy Ellis, right, and Ginger Dora, center, listen to a presentation Wednesday night during a public hearing in the Harrietstown Town Hall in Saranac Lake on a proposed 90-room Lake Flower hotel. Photo: Chris Knight, courtesy Adirondack Daily Enterprise

Saranac Lake residents weigh in Lake Flower hotel project

The first in a series of public hearings on a major hotel project proposed in Saranac Lake was held Wednesday night in the village. Lake Flower Lodging LLC wants to build a four-story, 80,000-square foot upscale resort hotel on the site of three small motels on Lake Flower.

The project recently won $2 million in state economic development funding. However, local residents have raised concerns about the height of the building along the village's picturesque shoreline.  Go to full article
Governor Andrew Cuomo speaks to a packed house at the Downhill Grill on Sunday (Photo:  Mark Kurtz)
Governor Andrew Cuomo speaks to a packed house at the Downhill Grill on Sunday (Photo: Mark Kurtz)

Cuomo gets "Santa" welcome in Saranac Lake

Hundreds of people turned out for a packed celebration in Saranac Lake on Sunday as Governor Andrew Cuomo visited to talk about the North Country's win in the Regional Economic Development Council competition.

Cuomo was received with repeated ovations. He praised the North Country for being the only region to have won extra funding through the REDC program three years in a row.  Go to full article
New development will take place on the site of the former Mercy Hospital on Stone St. in Watertown.
New development will take place on the site of the former Mercy Hospital on Stone St. in Watertown.

$81.3 million for the North Country

The big news across this region today is about money, and local hopes for what state support will do for their communities.
The North Country was awarded 81.3 million dollars in Regional Economic Development Council funds yesterday in Albany.

New York State spends about $7 billion on tax incentives and business subsidies each year.
Regional Economic Development Councils, or REDCs, were put in place in 2011. The governor's press release yesterday describes this as a redesign, from a "top-down model to a community-based, performance-driven approach."

This is third year the region has been named a top performer and received a one of the biggest chunks of money - money that funds projects from Watertown to Plattsburgh.  Go to full article

State economic subsidy reports lacking

New York state's economic development programs lack transparency and accountability at a regional level, according to a new report released Monday by the left-leaning Alliance for a Greater New York (ALIGN).

Only seven of the top 15 programs report regional data, and most don't provide enough detail for their performance to be assessed, the report found.  Go to full article
New York's Regional Economic Development Council regions. Image: http://regionalcouncils.ny.gov/
New York's Regional Economic Development Council regions. Image: http://regionalcouncils.ny.gov/

Cuomo to announce millions in job grants statewide

ALBANY, N.Y. (AP) New York Gov. Andrew Cuomo will play host to his latest event that will award about $750 million in job grants to 10 regions statewide.

The Economic Development Corp. event will dispense state tax breaks for new and expanding companies, borrowing authority and cash to the economic development proposals judged to have the most promise in each region. Most involve a partnership with existing companies and local colleges.  Go to full article
From left, Clarkson University President Tony Collins, Empire State Development President Ken Adams and Trudeau Institute President and CEO Ron Goldfarb sign a memorandum of understanding Wednesday at the Lake Placid Conference Center. Photo: Chris Knight, courtesy <em>Adirondack Daily Enterprise</em>
From left, Clarkson University President Tony Collins, Empire State Development President Ken Adams and Trudeau Institute President and CEO Ron Goldfarb sign a memorandum of understanding Wednesday at the Lake Placid Conference Center. Photo: Chris Knight, courtesy Adirondack Daily Enterprise

Clarkson-Trudeau deal could foster a biotech "cluster"

Gov. Andrew Cuomo announced Wednesday that the state will partner with Trudeau Institute and Clarkson University to create a "world-class" biotechnology research and development enterprise.

At an event in Lake Placid, Cuomo said the $35 million deal will stabilize and save jobs at the Saranac Lake-based nonprofit research center, and attract new investment that could bring hundreds of new jobs to the North Country.  Go to full article
Renovation of the Hotel Saranac is one of two hotel projects in Saranac Lake to be put forward by the Regional Economic Development Council for funding. Photo: Susan Waters
Renovation of the Hotel Saranac is one of two hotel projects in Saranac Lake to be put forward by the Regional Economic Development Council for funding. Photo: Susan Waters

REDC backs funding for two Saranac Lake hotel projects

A pair of major hotel projects in Saranac Lake got a big boost this week. The North Country Regional Economic Development Council has included a proposed 90-room hotel on Lake Flower and a developer's plan to buy and renovate the Hotel Saranac on its list of 16 priority projects for state economic development funding. Several other projects in the Tri-Lakes also made the list.  Go to full article
New York's Regional Economic Development Council regions. Image: http://regionalcouncils.ny.gov/
New York's Regional Economic Development Council regions. Image: http://regionalcouncils.ny.gov/

North Country economic council gets crash course on Fort Drum's impact

The North Country Regional Economic Development Council (REDC) held its most recent meeting at Fort Drum last week. The idea was to give members from the region's seven counties greater insight into how the Army post interacts with the local economy. The council also took steps to implement a new program for water and sewer project infrastructure.  Go to full article
New York's Regional Economic Development Council regions. Image: http://regionalcouncils.ny.gov/
New York's Regional Economic Development Council regions. Image: http://regionalcouncils.ny.gov/

Round three for regional development councils

The Regional Economic Development Councils have been a cornerstone of Governor Cuomo's plan to revitalize the state's economy.

In his state budget address, Cuomo confirmed a third round of state funding for them, totaling $220 million.  Go to full article

1-10 of 20  next 10 »  last »