On Thursday, the state released the scores given to hundreds of projects submitted to the 10 Regional Economic Development Councils (REDCs) in 2011. In December, the state announced $785 million in state aid and tax breaks to 720 projects in its first round of competitive awards.
The scoring shows that the views of state officials often carried more weight than those of local officials, even projects that enjoyed strong local support. Eighty percent of each project’s score is provided by the state, while just 20 percent comes from the regional councils.
The deadline for applying for the second round of REDC funding is July 16 at 4 p.m. Under the 2012-13 state budget, the 10 councils will compete for existing state and federal grants supplemented by an additional $220 million in new state funding — $150 million in capital funding and $70 million in tax credits through the Excelsior Jobs Program.