CENTRAL NEW YORK, N.Y. (WUTR/WFXV/WPNY) – Governor Kathy Hochul has announced today that almost $750,000 from the state’s 14th round of Regional Economic Development Council Initiative (REDC) spending has been awarded to two projects located in CNY and the Mohawk Valley. These funds, as well as additional benefits, like the Excelsior Jobs Tax Credits, are awarded for the development of eligible “shovel ready” projects throughout the state.
“The projects supported by this funding are the result of a collaborative, grassroots approach, working with local stakeholders from across the government, business, and non-profit sectors.” – Governor Kathy Hochul
Local projects highlighted include a $498,600 ESD Grant going to CNY company Intertek located in City of Cortland and a $250,000 ESD Grant going to the Mohawk Valley’s Lanzi Family & Artisanal Brew Works Project located the City of Amsterdam.
Intertek is considered a global leader in assurance, testing, inspection, and certification. They are currently in the process of constructing a lab for testing new battery energy storage systems and that will expand renewables and storage services.
The Lanzi Family & Artisanal Brew Works Project is a privately owned two business enterprise on the city’s waterfront district. The project has plans to build a 9,000 square feet brewery and event venue on the city’s waterfront that will include a 5,000 square foot outdoor rooftop venue overlooking the Mohawk River & Mohawk Valley Gateway Overlook Bridge.
These awards are in addition to the $549 million that has already been awarded to hundreds of other projects throughout NYS. Grant funding is still available, and the state is still accepting applications for traditional ESD Grants. Anyone with strong, shovel-ready projects that that align with state and regional economic development needs can apply through the Consolidated Funding Application.