Columbia receives $11.2 million for economic development | Columbia County

COLOMBIA – Columbia and Greene counties received $11.2 million and $5.8 million, respectively, of the $150 million in grants under the latest round of the Regional Economic Development Council initiative.

Governor Kathy Hochul announced Monday that more than $38 million has been awarded to support 47 projects in the state through the Regional Economic Development Council initiative. This year, $150 million in grants have been made available on an ongoing, competitive basis to meet the immediate needs of applicants, according to the governor’s announcement.

“New York will not only recover from the pandemic, but will thrive, and this new funding will attract businesses that will help fuel our post-pandemic economy,” Hochul said Monday. “These winners will create well-paying jobs in communities across the state, boost local economies, and provide economic opportunity for all New Yorkers. I look forward to seeing the continued work of the Regional Economic Development Councils as they help build a more prosperous New York for decades to come.

Columbia County projects received 11 grand prizes at the end of 2021 and two more prizes in March 2022, for a total of $11,224,800. Greene County received six scholarships at the end of 2021 for a total of $5,873,659.

“The awards support a diverse group of projects supporting arts and cultural organizations, workforce housing, small businesses, municipal infrastructure, representing the diversity of nominations the state has received from Columbia County” said Columbia Economic Development Corporation President and CEO F. Michael Tucker. .

In 2011, 10 regional councils were created to develop long-term strategic plans for the economic growth of their regions. The councils are public-private partnerships made up of local experts and stakeholders from business, academia, local government and non-governmental organizations. The Regional Councils have redefined how New York invests in jobs and economic growth by implementing a bottom-up community approach and establishing a competitive process for state resources according to the governor’s announcement.

“The Governor’s Regional Economic Development Board process provides leverage for business, government and nonprofit organizations to invest their own money in projects that expand local investment,” Tucker said.

The two recently awarded projects in Columbia County were $120,000 to the Galvan Foundation for the Hudson Depot District MWBE Initiative, a mixed-use neighborhood space anchored by priority affordable commercial spaces for MWBEs, and $125,000 to Klocke Estate Holdings, LLC, to establish Klocke Estate as a world-class distillery and tourist destination.

Application for traditional ESD grant funds remains open until 4 p.m., April 15, 2022. According to the Governors announcement, applicants with strong, shovel-ready projects that align with the economic development priorities of the State and region can apply through the Consolidated Funding Application.

“As we recover from the pandemic, we must invest in people and projects that will help usher in a new era in New York City,” Lieutenant Governor Brian Benjamin said in a statement Monday. “The funding that Governor Hochul and I are announcing today will go to companies that we believe will make it happen. I look forward to continuing to work in partnership with regional economic development councils across the state, so that we can keep local businesses at the heart of our state’s recovery effort. »

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