Southern Tier Awarded $91M In Development Funding Through State Initiative

Posted December 19, 2012

UPDATE (12/19/12): Governor Andrew M. Cuomo today announced that $738 million has been awarded through Round Two of the Regional Economic Development Council initiative.
 
A centerpiece of the Governor's strategy to jumpstart the economy and create jobs, the Regional Councils were put in place in 2011 to redesign the state's approach to economic development from a top-down model to a community-based, performance-driven approach. The initiative empowers community, business, and academic leaders, as well as members of the public in each region of the state, to develop strategic plans specifically tailored to their region's unique strengths and resources in order create jobs and support economic growth.

SOUTHERN TIER: Best Plan Awardee - $91.1 Million for 62 Projects Including:
•$7 million for the construction of the Southern Tier High Technology Incubator, a collaboration between Binghamton University and the regional economic development community, in downtown Binghamton.
•$3 million for the expansion of Corning Incorporated’s manufacturing facility in the Town of Erwin.
•$2.1 million to support the Next Generation Energy Efficiency Technology, a collaboration with BAE Systems (BAE) and SUNY Binghamton to advance BAE's hybrid-electric propulsion system product lines. BAE will invest $2.9 million and create 40 new jobs.
•$2.5 million for the Southern Tier Telemedicine and Mobile Health Care Technology Fund Initiative.
•$500,000 to Cornell University for the development of a Food Processing and Development Lab, which will provide farmers and other small businesses with access to small scale production area that can transform raw materials into packaged products such as yogurt, beverages, cheese, etc
•$2.5 million for the continuation of Southern Tier Community Revitalization Program.
•$1.8 million for the City of Ithaca to rehabilitate and reconstruct the deteriorated surface of the three-block Ithaca Commons and the replacement and upgrades of all of the underground utilities.
•$1.5 million for the continuation of Southern Tier Infrastructure Fund to support the development of Shovel Ready Sites
•$300,000 for Schuyler County, in partnership with the Schuyler County Partnership for Economic Development, Schuyler County IDA, the Village of Watkins Glen and the Village of Montour Falls, will conduct planning and preliminary engineering and environmental investigation to decommission the Watkins Glen and the Montour Falls Waste Water Treatment Plants and consolidate the two systems into a state-of-the-art “Green” Waste Water Treatment Plants located south of Glen Creek in Watkins Glen.

Southern Tier Economic Council makes pitch for millions in state funds
By Steve Reilly, The Star-Gazette

Population centers driven by collaboration between industry and academia, surrounded by a vibrant rural agricultural sector, will drive the future envisioned by the economic leaders of the Southern Tier.

Following a visit by Gov. Andrew Cuomo on Wednesday (December 5th), the Southern Tier Regional Economic Development Council unveiled a proposed $38 million state investment plan encompassing 24 projects ranging from downtown and waterfront renewal efforts to high-tech manufacturing ventures.

“We’re not just funding projects. We’re funding the region’s future,” said Binghamton University President Harvey Stenger, the council’s newly-named co-chairman. “We’re trying to invest in projects in all 10 counties that have strategic impacts within communities.”

Stenger joined Corning Enterprises president and CEO Tom Tranter in a 30-minute pitch to a five-member panel that will judge the Southern Tier’s proposal against those submitted by the state’s nine other regions.

The Southern Tier’s regional council — representing an area spanning from Steuben to Delaware counties — will compete against the others for a larger share of a potential $762 million economic development pie.

The Southern Tier council’s second-year proposal includes a few big-ticket items:

• A $7 million investment in the Southern Tier High Technology Incubator, a project that is estimated to cost $22 million to construct a facility in downtown Binghamton to act as a bridge between Binghamton University research and the commercial marketplace.

• The Elmira Regional City Center Project, which with a $5.2 million investment would leverage $38.4 million in additional funding to redevelop a blighted area of the city.

• In Ithaca Commons, a $4 million investment that would initiate the first phase of the larger planned transportation hub.

• A $3.33 million investment in Endicott Interconnect’s advanced microelectronics manufacturing, a partnership with Binghamton University that would create 20 new jobs.

(For original story, please visit http://www.stargazette.com/article/20121205/NEWS01/312050037/Southern-Tier-Economic-Council-makes-pitch-millions-state-funds?odyssey=tab%7Ctopnews%7Ctext%7CFRONTPAGE.)

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