;

CNY REDC Submits Plan for $1.5 billion Upstate Revitalization Initiative Competition

OSWEGO, NY – If chosen as one of the three regional recipients in Gov. Andrew Cuomo’s Upstate Revitalization Initiative, the CNY REDC would receive $500 million to spend over a five-year period.

According to Operation Oswego County, as part of its plan, CNY REDC selected six industries and strategies it would focus its efforts on:

Agribusiness: Among the projects would be the development of indoor farms in Cayuga and Onondaga counties. All together, they would cover 150 acres, use $15 million in state grants and have the potential to create 339 jobs. The intent is to triple agricultural exports by 2020 with a total investment of $50 million. Oswego County has been very successful in recent years with this focus having attracted K&N’s Foods USA, Teti Bakery and Champlain Valley Specialty.

Inland Port: An investment of $40 million to create an inland port on a 225-acre former quarry property off Interstate 481 in Jamesville, NY. The inland port will be operated by the Oswego Port Authority.

The hub could create 300 direct jobs. In addition, 1,644 indirect jobs could be created through neighboring manufacturing, warehousing and distribution facilities. It is estimated that the hub would reduce shipping costs for regional manufacturers by 40 percent.

Unmanned Aerial Systems: The plan is to invest $250 million over the next five years to make Central New York a global center for the development of unmanned aerial and ground systems and their safe integration into commercial airspace and road traffic.
The investment in the first year would be $81.2 million, with $50 million coming from the state, is expected to create 1,364 jobs.

National Veterans Resource Complex: An invest of $12.5 million would create a hub at Syracuse University that would provide research, programming, education, training and entrepreneurship support for military veterans.

The complex would create approximately 300 jobs.

Fighting Poverty through Economic Inclusion: According to the plan, $50 million would be spent to implement strategies to improve economic opportunities in distressed communities.

A new organization, the Alliance for Economic Inclusion, would develop strategies to attract and grow good jobs in poor areas of the region and establish workforce and education programs that align with employer needs in key industry sectors.

The expectation is to put as many as 5,000 unemployed or underemployed residents into good jobs.

Government Modernization: An investment of $25 million would be used to develop and implement a plan for more effective and efficient local government.

This would expand the work of the Commission on Local Government Modernization for Syracuse and Onondaga County.

1 Comment

  1. I noticed nothing going to the distressed counties like Oswego etc. Seems like Onondaga has politicians that work harder for their voters.

Comments are closed.