Mid-Hudson Region Named ‘Top Performer’ Again; Secures $87.1 Million for 122 Projects in Region

John Jordan | December 19, 2018

The Mid-Hudson Regional Economic Development Council bested last year's Top Performer CFA funding award of $84.8 million with a total of $87.1 million in Top Performer funding this year. FILE PHOTO

ALBANY—New York Gov. Andrew Cuomo announced on Dec. 18 this year’s Consolidated Funding Award winners and once again the Mid-Hudson region was selected as one of the “Top Performers” and will receive $87.1 million in state funding for 122 projects in the region.

The Mid-Hudson Regional Economic Development Council has now won Top Performer status five times and in three consecutive years (2016, 2017 and now 2018). It also earned Top Performer status in 2012 and 2014.

Besides the Mid-Hudson, the state also selected the Finger Lakes, Mohawk Valley and New York City as Top Performers. In total the four regions were awarded $431 million in total funding.

Since Gov. Cuomo launched the CFA program initiative in 2011, more than $6.1 billion has been awarded to more than 7,300 projects that are projected to create and retain more than 230,000 jobs statewide. After eight rounds of CFA funding, the Mid-Hudson Regional Economic Development Council has delivered $647.8 million in funding for 809 projects;

On Dec. 18, the state announced more than $763 million in total economic and community development funding awards through Round VIII of the REDC initiative:

“Over the last eight years, we have implemented a vision to move New York State’s economy forward by allowing communities to make strategic investments to help grow their local economies and reenergize and develop their unique regions,” Gov. Cuomo said. “Regional-based economic development is vital for maintaining New York’s thriving, prosperous economy. I congratulate all of the winners of this year’s REDC awards and look forward to working together to build a stronger New York for generations to come.”

New York State in its CFA awards announcement cited a number of notable Mid-Hudson projects that will be receiving funding, including the Orange County Community College Association Inc., which will receive $1.831 million from Empire State Development to invest in Phase I of the Innovation Grand Street Project. The project involves the renovation of two vacant/underutilized buildings in the City of Newburgh’s historic downtown district. The project will create space for training and programming that addresses specific needs for an educated workforce and encourages entrepreneurship in the region’s growing industries along with collaborative partners and local businesses.

The Center for Discovery will receive $1 million from Empire State Development for the development of a new Research Institute for Brain & Body Health. This is part of a $4.8-million investment to transform a 164,000 square foot vacant commercial property in Rock Hill, located in the Town of Thompson in Sullivan County into a state-of-the-art bio-behavioral and healthcare facility including a Children’s Specialty Hospital and special education school program. Six laboratories will allow for pioneering studies in Autism Spectrum Disorders, medical frailties, Alzheimer’s and Dementia and other chronic, complex conditions.

Also, in Ulster County, Bread Alone will receive $800,000 from Empire State Development to expand its Lake Katrine bakery. Bread Alone is a certified organic, values-driven bakery that has been operating in the Hudson Valley since 1983. The expansion will add 15,000 square feet and position the bakery to sell more of its organic breads to their growing customer base. The $4.4-million expansion will further increase Bread Alone’s commitment to sustainable business operations, featuring LEED-certified construction and expanded use of renewable energy, state officials noted.

Orange County Executive Steven M. Neuhaus reported that 21 projects within Orange County were awarded approximately $13.3 million as part of Gov. Cuomo’s Regional Economic Development Council initiative.

Among some of the larger Orange County awards was $2,999,356 for the City of Middletown. The city will purchase land and conservation easements surrounding Mill and Kinch pond and enhance the riparian buffer. The project will reduce storm water runoff entering the Monhagen-Middletown Reservoir System, including phosphorous and nitrogen that may lead to harmful algae blooms.

The City of Port Jervis secured $1,882,500 in CFA funding to help develop a land acquisition program that will protect more than 1,678 acres through land purchase and conservation easements in the Town of Deerpark. The city received an additional $750,000 to rehabilitate a minimum of 39,000 linear feet of existing wastewater system lines.

Dr. Marsha Gordon, president and CEO of the Business Council of Westchester and a member of the Executive Committee of the Mid-Hudson Regional Economic Development Council reported that the $87.1 million in funding granted to the region. was the second highest amount awarded to any region statewide. Central New York received the most funding statewide at $88.2 million.

She noted that Westchester County secured approximately $16 million for 24 projects this year, an increase over the $10.7 million awarded last year.

“There were many winners in Westchester, ranging from municipalities such as Yonkers, Rye, Port Chester, Bedford and Peekskil,l who received awards to complete badly needed infrastructure upgrades to arts and cultural institutions which received smaller grants for programming and improvements,” Gordon said.

Among the larger grants awarded were:

• $3.964 million to City of Rye to improve its sewer system to reduce pollution in the Long Island Sound;

• $1.58 million to the Village of Sleepy Hollow to transform a vacant parcel that is part of the former General Motors site to a public commons space connecting to local rail and transit;

• $1.25 million to the City of Yonkers to continue its daylighting project along the Saw Mill River in downtown Yonkers;

• $1.07 million to the Greyston Foundation for capital improvements to its 21-23 Park Ave. Yonkers campus;

• $1 million to the Town of Bedford to construct six miles of sewer main to protect the watershed in the new Croton Reservoir;

• $980,000 to the Village of Port Chester for a Byram River Waterfront Promenade and other amenities as part of a waterfront revitalization program;

• $506,000 to Jacob Burns Film Center in Pleasantville to carry our capital improvements;

• $480,000 to Bre Pettis Co. of Peekskill to implement an entrepreneurial hub along the Peekskill waterfront that will create technology, arts and creative jobs;

• $475,000 to Westchester Land Trust to protect 25.6 acres of land in the Town of Cortlandt and

• $450,000 to Westchester County to restore the 1928 carousel building and 1915 carousel at Rye Playland damaged by fire.

Westchester County government secured approximately $800,000 in CFA funding towards three projects: restoration of the aforementioned Playland Carousel, updating the Bronx River Watershed Management Plan and the Westchester-Putnam Workforce Development Board.

In the surrounding regions of the Hudson Valley, New York City received $84.4 million supporting 137 projects and Long Island netted $68.3 million in CFA awards supporting 103 projects.

John Jordan
Editor, Real Estate In-Depth