Round III of the Regional Economic Development funding process has begun. Applications are now being accepted through the REDC web site. Some $750 million in economic development aid is available from the state.
For this round, businesses can seek the endorsement of their proposed project by a regional council, or they can apply themselves. Also, each Regional Council will be charged with identifying an “Innovation Hot Spot,” which is a higher education-private sector high-tech innovation incubator for start-up companies. Five winners among the regions will be designated annually for two years and receive benefits and support.
Read the 2013 Regional Council Guide Book. Applications are due by Aug. 12. Award winners are expected to be announced before the end of the year.