Last Wednesday, Gov. Cuomo announced the results of the third round of the Regional Economic Development Council (REDC) initiative, which will total $715.9 million.

 

We have consistently supported Gov. Cuomo’s REDC process, which overhauled the state’s economic development funding process to make it a bottom-up process, rather than one that starts and ends in Albany.

 

Gov. Cuomo said:

 

“The Regional Councils were empowered to change the face of economic development in their communities and they have accomplished just that. This third round of awards continues the State’s commitment to these creative and groundbreaking plans and recognizes the immense progress that has already been made in revitalizing our economy and putting New Yorkers back to work.”