Thursday, December 8, 2011

Full Details of Adirondack Economic Development Grants

Governor Andrew Cuomo has announced that the North Country Regional Council Strategic Plan will be awarded a $40 million bonus to fund economic development, one of four regions sop awarded. The complete North Country regional plan includes 70 projects totaling $103.2 million in state support. A number of additional projects were funded through the Mohawk Valley and Capital District regional councils which could also impact residents of the Adirondack region.

According to a statement released by the Governor’s Office, the North Country Regional Council Strategic Plan is designed as a long-term roadmap “to attract private investment, promote and facilitate connectivity between communities, and create a climate that will allow entrepreneurs to flourish. It put forth ways to achieve its vision by capitalizing on the region’s natural assets, talented labor pool, and entrepreneurial population.”

The projects are expected to focus on high-tech and traditional manufacturing, green energy production, agriculture, tourism, and arts and culture. Included are a number of large grants:

$9.9 million will rehabilitate the Newton Falls Rail Project to rehabilitate, reopening the 46 mile Newton Falls Rail Line. This project will service the paper mill at Newton Falls and the operations at Benson Mines.

$900,000 will support improvements to the Village of Gouverneur water distribution system in support of the Kinney Drugs Distribution warehouse.

$4 million will support the development of community rental housing in the area of Fort Drum.

$3 million will support the construction of the new Clayton Hotel along the St. Lawrence River.

$397,000 will restore the 1924 Strand Theatre to the Strand Performing Arts Center in downtown Plattsburgh.

$2.5 million will support the expansion of Bombardier’s plant in Plattsburgh. The project includes a 57,000 square foot increase of the main plant, a 2,100 square foot expansion at the off-site testing facility, and electrification of an additional half mile of railroad track at the test facility.

$1.8 million will expand C Speed’s manufacturing center in Potsdam.

$1.2 million will support modernization new hiring at Saranac Lake’s Trudeau Institute research campus.

$472,000 will be provided to Frontier Communications to increase Hamilton County broadband access. This project is expected to install fiber optic broadband service to several communities that currently have no existing broadband capacity.

A full list of funded projects is available online [pdf]. Warren, Washington and Saratoga counties can be found in the Capital Region section; Fulton, Herkimer and Oneida counties are in the Mohawk Valley region; Clinton, Essex, Franklin, Hamilton, Lewis and St. Lawrence are in the North Country Council.

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