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Mohawk Valley to receive $82.4 million in economic development funds

By JOLEEN FERRIS

ALBANY, N.Y. (WKTV) - The third time proved to be the charm for the Mohawk Valley. The region scored big in the 2013 NYS Regional Economic Development Council Awards.

The Mohawk Valley won the third highest of 10 awards, and the 'Top Performer' designation, earned by five of the 10 regions competing.

The six counties that comprise the Mohawk Valley region are slated to receive a collective $82.4 million in state economic development money. Only the Capital Region and Long Island received more, at $82.8 million and $83 million, respectively.
 
"There's a real buzz in the air that things are moving forward in the Mohawk Valley and you really feel it here today. We're a top performer, we put together some great projects," said Assemblyman Anthony Brindisi, (D) 119.
 
When Fox Financial Network Correspondent Mario Bartiromo announced that the Mohawk Valley had earned 'Top Performer' designation, shouts of delight could be heard from local leaders in attendance at the 'Egg' in Albany.

"There are great things that are happening. It's a warm community, it's a great community, and we're very fortunate at this point that people are coming together and I think that's the biggest thing that maybe in the past, we haven't seen," said Utica Mayor Robert Palmieri.
 
Projects have to meet certain benchmarks, including job creation, in order to receive the money. Utica's Harbor Point Project is slated to receive $5 million. Site support for Marcy's Nanocenter Project, roughly $3.2 million.
 
"I think it's just encouraging and it continues to build momentum," says Senator Joseph Griffo.

 

 


   
 

 

 

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