Thursday, August 27, 2020

SCHUMER, GILLIBRAND ANNOUNCE OVER $950K IN FEDERAL FUNDING FOR ECONOMIC DEVELOPMENT IN UPSTATE NEW YORK

 

U.S. Senate Minority Leader Charles E. Schumer and U.S. Senator Kirsten Gillibrand today announced $965,000 in federal funding awarded through the Economic Development Administration’s (EDA) COVID-19 Recovery Assistance. This funding will support programs designed to reinvigorate regional economies that have been impacted by widespread business closures and economic stagnation as a result of the COVID-19 pandemic. 

“In these trying and unprecedented times, the federal government should do everything in its power to support economic development and put local economies on track to recovery,” said Senator Schumer. “This federal funding will fast-track that process, while supporting businesses and communities all across Upstate. I will continue to fight for and make sure that local New York economies have the tools and support they need to bounce back from this crisis.”

“Our regional economies depend on thriving businesses to drive growth and create meaningful jobs,” said Senator Gillibrand. “As New York State reopens, we must invest in our local businesses to ensure they have the resources needed to recover from the pandemic’s economic disruptions. I will keep fighting in the Senate for the resources needed to stimulate the economy and ensure New York communities are stronger than ever before.”

The EDA awards for the University of Rochester (U of R) and The Research Foundation for the State University of New York (SUNY) are made as part of the agency’s COVID-19 Recovery and Resiliency Project. This funding supports the EDA university centers located at U of R and SUNY as they expand their programming to help communities and businesses recover from the pandemic. The EDA award for the Hudson Valley Regional Council, Inc. will allow for the development and implementation of an economic recovery and resiliency plan to help the region rebound from the economic impact of COVID-19.

Recipient

Region

Funding

University of Rochester

Finger Lakes

$265,000

The Research Foundation 

for the State University of New York

Capital

$300,000

Hudson Valley Regional Council, Inc.

Hudson Valley

$400,000


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