Governor Andrew M. Cuomo today continued the statewide Regional Economic Development Council (REDC) Progress Tour on Long Island, where he toured priority projects to see, firsthand, their progress and their economic impact in the region.
This is the second visit in the Governors REDC Progress Tour that is part of a review of last years strategic economic development plans and job-creating projects.
Following these tours, the Long Island REDC provided a formal presentation outlining the progress they have made in advancing last year's strategic plans and projects, as well as their endorsed projects for the coming year to the Strategic Implementation Assessment Team at DAddario and Company.
"New York no longer has a one size fits all approach to economic development, and now we are seeing the benefits of this new way of thinking throughout the state," Governor Cuomo said. "As you can see on Long Island, the regional council has developed a plan that fits its region best and that plan is creating jobs, growing the economy and transforming neighborhoods."
"Last year, the Long Island Regional Council developed a strategy focused on growing our local economy to support thriving industries and create quality jobs for our residents," said Regional Council Co-chairs Stuart Rabinowitz, President of Hofstra University, and Kevin Law, President of the Long Island Association. "Thanks to the leadership of Governor Cuomo, Lieutenant Governor Duffy, and the work of our Council members, we are taking that plan from conception to construction and demonstrating that Long Islanders can work together to achieve an agreed-upon vision for economic growth."
The Governor visited the following sites:
Cold Spring Harbor Lab Cold Spring Harbor Lab Woodbury Campus was awarded $2 million for the construction of an Advanced Therapeutics Facility to expand the labs world renowned cancer therapies research facility. The project will create 30 new jobs, including highly skilled research positions to augment the labs 1,200 existing employees, and help leverage $21 million in private sector investment.
OSI Pharmaceuticals/AstellasOSI Pharmaceuticals/Astellas, the anchor tenant at the Broad Hollow BioScience Park located at SUNY Farmingdale, was awarded $1.8 million to retain and expand its advanced research facilities on Long Island. The project, which supports the growth of additional bio incubator space on Long Island, will result in the retention of 113 jobs and creation of 24 new jobs, and will help leverage $24 million in private sector investment.
DAddario and CompanyDAddario and Company, a fourth-generation Long Island manufacturer of musical instruments and accessories, was awarded $1.9 million to support their continued growth as one of Long Islands largest family-owned business. The project will create 50 new jobs, bringing DAddarios total employment to over 800 workers, and will leverage a private capital investment of $9 million for the purchase of new machinery and equipment to further expand its extensive in-house operations and allow the company to better compete against off-shore imports.
"Governor Cuomo created Regional Councils to serve as the new approach our state needs to create new jobs and economic opportunities," said Lieutenant Governor Duffy. "Today is an exciting opportunity for an open discussion of the incredible progress Regional Councils are making on Long Island and across the state, as well the steps we are taking to build on that success for the coming year."
"Governor Cuomos Regional Council initiative is taking New York from a state known as frustrater of business growth to a facilitator of new business and private sector job development," said Empire State Development President, CEO & Commissioner Kenneth Adams. "Through its first year, we have seen job-creating projects on Long Island and across the state start to take shape and pay dividends in new jobs and economic activity to boost our local economies."
In the first round of the Regional Council initiative, Long Island was awarded $101.6 million in state resources through the Consolidated Funding Application (CFA) process to support 62 projects. All projects are underway and have met their first performance milestone including the execution of contracts with the State. These projects are growing and sustaining jobs in core industries, including investments in Long Islands world-class biotech and research facilities, natural assets, and smart growth technologies to advance the Councils strategic plan.To date, the priority projects endorsed by the Long Island REDC and awarded funding through the 2011 CFA will significantly boost the local economy by creating over 6,000 permanent, non-construction jobs and leverage over $81 million in additional private sector investment.
The Councils progress report and full list of endorsed priority projects for 2012 can be found at http://regionalcouncils.ny.gov/content/long-island.
To learn more about each Regional Council and their economic development plans, visit www.regionalcouncils.ny.gov.