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Wednesday 30 November 2022
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State Set to Give $62 Million in Economic Development Aid to Central NY

trailThe newest round of Governor Andrew Cuomo’s regional economic development council initiative involves giving $62 million to Central New York to assist with 77 new projects.

Cuomo announced the aid package on December 8 during a ceremony in Albany. Central New York is one of 10 regions across the state that will be given a combined total of $717 million as a result of the initiative.

Specific projects have also come to light with the announcement. One of the most impactful projects announced was “Walkable Owasco: Construction of Sidewalks and Walking Trail.” This project will be granted approximately $263,700 for completion.

The goal of the Walkable Owasco project is to reduce greenhouse gas emissions, as well as the amount of time people spend traveling in vehicles when many distances within the town are easily walkable. More than 145 million adults consider walking a part of a physically active lifestyle, and the trail being proposed would make walking from place to place in Owasco much easier for citizens.

Part of the Walkable Owasco project would involve constructing sidewalks, but the main focus is a walking trail that would connect Owaasco Elementary School, Michael J. O’Leary Playground, Town Hall, and the Owasco Fire Department’s seasonal market.

While Owasco’s project may be one of the most intriguing, it’s certainly not the only one receiving funding. Other regions are planning significant projects with the amount of funding they’ll receive.

Syracuse will allot funds to Steri-Pharma for a second production line, and for a Quantative Reasoning Center at Le Moyne College. These are just a few of the many projects that are being planned as a result of state funding.

Cuomo’s administration has planned to use these investments to assist growth in areas such as biotechnology, renewable energy, high-tech manufacturing, and small startups.

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