The Central New York (Syracuse area), Finger Lakes (Rochester area), and Southern Tier (Binghamton area) are the three winners in Governor Andrew Cuomo’s $1.5 billion Upstate Revitalization Initiative, Cuomo and state officials just announced in Albany.
The three winning regions’ regional economic development councils (or REDCs) will each receive $500 million in state funding for projects seeking to boost economic and job growth. They will each receive installments of about $100 million per year for five years.
The five regions that lost out in the contest, which some have dubbed Upstate’s “Hunger Games,” were the Capital District, Mid-Hudson, Mohawk Valley, North Country, and Western New York.
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