The board of directors of Empire State Development (ESD) has approved a grant of up to $2 million that Le Moyne College will use to help pay for the renovations that included the Madden School of Business.
ESD announced the grant award in a news release distributed on Tuesday.
The project included Le Moyne’s renovation of the school’s Mitchell Hall to house the Madden School of Business.
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Le Moyne in July 2012 applied for funding through Round 2 of the regional economic-development council (REDC) initiative, ESD said.
The Central New York REDC awarded the school a $2 million grant in July 2013 to assist with the nearly $19 million project.
Altogether, the ESD board “recently” approved a total of more than $17 million in funding for 17 projects statewide, according to its news release.
