WNY receives $66M in latest round of state economic development funds

Dec 19, 2018

Western New York is receiving $66 million in the latest round of state economic development awards.

More than 1,000 companies, startups and community projects across the state will share more than $763 million from Round VIII of New York's Regional Economic Development Council initiative.

Lt. Gov. Kathy Hochul, Chair of the Regional Economic Development Councils, made Tuesday's announcement.

"By empowering the people who know their communities best, we have transformed the state's economic development strategy into one that is not only successful, but is built to last," Hochul said. "With a focus on workforce development and growth of high-tech industries, we're adding new job opportunities and strengthening the economy of the entire State of New York."

The funds will support 118 projects in Western New York, including $2 million to help double the manufacturing capacity at Rosina Foods, $1.2 million to the Hauptman-Woodward Medical Research Institute for a new facility and research around Cryo-Electron Microscopy technology, and nearly $500,000 to AgriAmerica Fruit Products to modernize a formerly closed grape juice manufacturing facility in Fredonia.

Only the Southern Tier ($65.4 million supporting 101 projects) and the North Country ($64.8 million supporting 70 projects) received less money this round. Central New York received the most funds ($88.2 million supporting 91 projects).

In eight rounds, the state says Western New York REDC has delivered a total of $553.2 million for 781 projects.