November 18, 2019
Albany, NY

Governor Cuomo Announces $15 Million Infrastructure Investment in the Port of Oswego

Governor Cuomo Announces $15 Million Infrastructure Investment in the Port of Oswego

Central New York Agriculture Export Center to Enhance Regional and Global Economic Competitiveness

Investment Complements "CNY Rising" - The Region's Comprehensive Strategy to Revitalize Communities and Grow the Economy

Governor Andrew M. Cuomo today announced $15 million in State funding toward the construction of the Central New York Agriculture Export Center at the Port of Oswego. The Port handles more than one million tons of imports and exports annually by cargo ships. One of the fastest growing commodities exported from the Central New York Region around the world is agricultural products, including corn and soybeans, and this investment will restore the Port's full functionality and help make the region more globally competitive by providing central New York agribusinesses access to world export markets for less than they would spend to truck commodities to other seaports.

"The Port of Oswego is a key economic generator for the entire Central New York Region," Governor Cuomo said. "This investment will help the Port renew and modernize its agricultural handling facilities, providing the region with enhanced access to international markets and boosting local economies."

The funding will support the construction of a new storage dome, a storage silo, a tunnel and belt conveyor system, as well as a control center and a USDA sampling laboratory for agricultural products.

The Port of Oswego funding is part of the Governor's unparalleled $65 million commitment to modernizing and enhancing the economic competitiveness of the State's upstate ports. Projects previously awarded funding under this initiative include $15 million in dedicated State funding to the Capital Region for reconstruction of a portion of the wharf at the south end of the Port of Albany; $10 million to the North Country Region to extend the wharf at the Port of Ogdensburg to accommodate larger cargo ships; and $21 million towards construction of the Central New York Region's first inland port in the Town of Dewitt.

New York State Department of Transportation Commissioner Marie Therese Dominguez said, "Governor Cuomo's latest investment in the Port of Oswego will help promote New York State produced goods and commodities throughout the globe. This funding will rejuvenate the Port and region, opening new doors for agriculture and logistics activities.

State Agriculture Commissioner Richard A. Ball said, "New York State is committed to helping New York farmers reach new markets and broaden their consumer base. Thanks to the Governor and the DOT, this funding will allow us to build out and develop a critical infrastructure project that will support our agricultural economy."

Senator Patty Ritchie said, "The Port of Oswego is key to the success of Central New York's economy. Through the construction of the Central New York Agriculture Export Center, our area's hardworking farmers will more easily be able to get their products to locations around the globe—and save money at the same time. I would like to thank Governor Cuomo for making this important investment, and cannot wait to see how it strengthens the bottom lines of our farmers, as well as the region's overall economy."

Assembly Member William Barclay said, "The state's allocation of $15 million toward the construction of Central New York's Agriculture Export Center will massively benefit our region's agriculture industry. Here in Upstate New York, our local economy relies heavily on farming. With additional funding to build this state-of-the-art facility, we'll be well equipped to grow our agriculture industry and bring new jobs to our region. I'd like to thank the governor for ensuring our region has the necessary funding to complete such a large-scale project."

City of Oswego Mayor William Barlow said, "I'm thrilled to see Governor Cuomo and the State of New York place such a focus and make such a size-able investment in the Port of Oswego. The Port of Oswego is a major economic driver to the Oswego community and this investment will ensure continued growth and expansion in the future."

Oswego County Legislature Chair James Weatherup said, "From the early 1600's with the fur trade, to the current export of agricultural products, the Port of Oswego has continued to be a spot that people came to trade and distribute local goods. It remains a vital part of our community and we are pleased to see that Governor Cuomo recognizes the strategic geographic location as well as the economic impact that it has in Oswego County. His commitment to Central New York is unparalleled and much appreciated."

Oswego Port Authority Executive Director William Scriber said, "We are exceedingly grateful to Governor Cuomo for the infrastructure investment of 15 million dollars for the construction of the Central NY Agriculture Export Center at the Port of Oswego Authority. This investment is crucial to the growing agricultural business not only at the Port but all of Central NY. The Port is looking forward to the positive economic impact, the boost in job creation, and to supporting New York farmers."

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Accelerating CNY Rising

Today's announcement complements "Central NY Rising," the region's comprehensive blueprint to generate robust economic growth and community development. The State has already invested more than $5.6 billion in the region since 2012 to lay the groundwork for the plan - capitalizing on global market opportunities, strengthening entrepreneurship and creating an inclusive economy. Today, unemployment is down to the lowest levels since before the Great Recession; personal and corporate income taxes are down; and businesses are choosing places like Syracuse, Oswego and Auburn as a destination to grow and invest in.

Now, the region is accelerating Central NY Rising with a $500 million State investment through the Upstate Revitalization Initiative, announced by Governor Cuomo in December 2015. The State's $500 million investment will incentivize private business to invest well over $2.5 billion - and the region's plan, as submitted, projects up to 5,900 new jobs. More information is available here.


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