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Details on $500 Million Competition for Southern Tier

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By Fox 40 Staff.
Governor Cuomo released more details Thursday on a state competition that could bring half a billion dollars to the Southern Tier.

Seven regions, including the Southern Tier, will compete in the Upstate Revitalization Initiative. Three regions will win and receive $100 million per year over five years. Those regions will also get $30 million this year from Round Five of the Regional Economic Development Council competition.

Aside from those regions, three regions will earn “top performer” distinction in the Regional Economic Development competition and will receive approximately $105 million each this year. Finally, the remaining four regions in the state will receive approximately $90 million each through the Regional Economic Development Council competition this year.

Funding applications are due July 31st.