• Home


STREDC Discusses Progress, 2018 Goals at Open Meeting

Posted: Updated:
BINGHAMTON, NY -

The Southern Tier Regional Economic Development Council held a public meeting Friday afternoon on Binghamton University’s campus.

Led by BU President, Harvey Stenger, and President and CEO of Corning Enterprises, Tom Tranter, the group of local leaders discussed the progress of current projects.

Topics like the URI Fund and the Downtown Revitalization Project were discussed, and the group watched a presentation on the Binghamton-Broome Anti Poverty Initiative.

Announced at the meeting was that applications for the third round of the Downtown Revitalization Project will be due June 1st.

This year’s REDC awards were also announced. Last year, $755.6 million was awarded to over 1,000 projects, and there were ten Downtown Revitalization Initiative winners.

This year, all ten regions will compete for a designation as a top performer. The top five performers will receive up to $20 million in ESD capital grants, and the remaining five regions will receive up to $10 million in ESD capital grants.

“There’s an emphasis this year on workforce development initiatives, and we’re really trying to encourage applications of that sort in the coming weeks, and then obviously the DRI has been tremendously successful. We want to get a good pool of applicants again for the Downtown Revitalization Initiative Project.” - Tom Tranter, Co-Chair of STREDC

The next meeting is set for June 21st.