Projects in Cicero, Camillus, and Cortland are among those in Central New York awarded a total of $26.2 million through the state’s Regional Economic Development Council (REDC) initiative.
The funding will support 34 projects across five counties, leveraging $62.8 million in additional public and private investments, Empire State Development (ESD) said in its Tuesday announcement. The state awarded a total of $463 million to REDC projects across New York, the office of Gov. Kathy Hochul announced Dec. 23.
“Governor Hochul’s REDCs continue to recommend proposals that will create jobs and spur new growth through a locally focused, bottom-up strategy to economic development,” Hope Knight, president, CEO and commissioner of ESD, said. “By awarding state funding to projects that align with regional priorities, New York is investing in new ideas, new efforts and new developments to promote community growth throughout the state.”
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A full list of projects across all 10 regions is available here.
Established in 2011, the state describes the Regional Economic Development Council initiative as a “key component” of its approach to investment and economic development.
Selected CNY projects
The Central New York REDC awarded Schneider Packaging Equipment Company, Inc. a $500,000 Regional Council Capital Fund grant and a $500,000 Excelsior Jobs Program tax credit. Schneider Packaging Equipment will relocate a production line from its sister facility in Quebec, Canada to its location in the Brewerton area of the town of Cicero. The expansion will increase capacity for the new production line and allow the company to reconfigure operations to accommodate new roles, including engineers and other professional staff, adding 20 new jobs, ESD said.
In addition, the Town of Camillus was awarded a $3.5 million Pro-Housing Supply Fund grant. The Town together with Cameron Hinsdale, LLC, will complete an infrastructure project to enable the development of the Church Street Station housing project, ESD said. The project will require new public infrastructure including roadways, sidewalks, sewer, utilities, grading, and drainage and stormwater improvements.
The City of Cortland will use a $6 million Pro-Housing Supply Fund grant to complete the design and construction of essential water, sewer, and stormwater-infrastructure improvements along the Homer Avenue corridor, a high-priority infill area targeted for mixed-use redevelopment, ESD said.
The project will replace infrastructure deficiencies, and coordinate utility upgrades required for two shovel-ready housing developments: Bridgeview Commons, a 61-unit affordable housing community with nonprofit and commercial space, and the Lofts at the Gillette Skirt Factory, a 28-unit adaptive reuse project with mixed-income units.
