The Mohawk Valley Regional Economic Development Council (MVREDC) has approved its Preliminary Action Plan for 2012, which will be finalized and submitted to the State as its one-year progress report on Friday, September 14th. The Mohawk Valley is one of 10 regions competing for a share of over $760 million in state funds for economic and community development.
The Preliminary Action Plan adopted by the Council details the region’s progress in advancing the MVREDC Strategic Plan developed last year, the status of projects awarded resources in the first round and the priority projects it has identified this year as consistent with its strategies.
The Preliminary Action Plan can be found at: www.regionalcouncils.ny.gov/content/mohawk-valley.
Last fall, the Mohawk Valley Regional Economic Development Council submitted a plan that garnered $60.2 million in state support for 59 projects across the region through Governor Cuomo’s Regional Council initiative and Consolidated Funding Application (CFA) process. The Mohawk Valley region includes Fulton, Herkimer, Montgomery, Oneida, Otsego and Schoharie counties.
In 2012, the 10 Regional Councils focused on three core areas:
- Implementation—developing an agenda to operationalize the strategic plans to ensure tangible progress and a clear path to success;
- Adjustments—incorporating new information to update and amend the plans, report on progress and develop measurements to track success, and capitalize on new opportunities and emerging projects; and
- Results—turning strategy into action to take the plans from conception to construction.
The plan development process involved Regional Council members and community stakeholders from across the region. Input was gathered through public meetings, public forums, and CFA workshops, as well as comments submitted on the Council’s website. Through their strategic planning process, the Mohawk Valley Regional Economic Development Council also identified priority projects that demonstrate the greatest potential for job growth. These projects represent critical opportunities, across all six counties, to build upon the region’s strengths and competitive advantages, and immediately accelerate job creation and growth.
For this round, the Council has identified 70 priority projects representing a total investment of $216 million and more than 1,100 potential new jobs, and over 3,000 retained jobs.
The Mohawk Valley Regional Economic Development Council, as do all Regional Councils, serves as a single point of contact for economic activity in the region. Its Strategic Plan is guided by the region’s vision statement and its five strategies: enhance regional concentrations; workforce alignment and education; innovation enabling infrastructure; increase spatial efficiency; and strengthen government and civic effectiveness.
Guided by continuous input from each county, the Plan provides a roadmap for promoting and sustaining a diverse, integrated and dynamic regional economy. It puts forth ways to capitalize on the region's strengths and opportunities in its major industry sectors including agriculture and food processing; financial services, insurance and real estate; travel and tourism; healthcare and medical services; cyber security/information technology; semiconductors and nanotechnology; clean technology; manufacturing; and distribution.
To learn more about each regional council and their economic development plans, visit www.regionalcouncils.ny.gov.