SCHUMER, GILLIBRAND ANNOUNCE OVER $233 THOUSAND FOR CAPITAL REGION, HUDSON VALLEY, SAINT REGIS MOHAWK TRIBE, SENECA NATION OF INDIANS TO HELP STRENGTHEN LOCAL ECONOMIES
Investment From EDA To Help Attract New Businesses, Support New Jobs, Help Long-Term Recovery Of Regional Economies
Capital Region Will Receive $70K, Hudson Valley $70K, Saint Regis Mohawk Tribe $47K, Seneca Nation Of Indians $46.5K As Part Of Comprehensive Economic Development Strategy
Schumer, Gillibrand: EDA Funding Will Help Upstate And Tribal Economies Recover
U.S. Senator Charles E. Schumer and U.S. Senator Kirsten Gillibrand today announced federal funding totaling $233,520 allocated by the Economic Development Administration (EDA) for the Capital District Regional Planning Commission in the Capital Region, Hudson Valley Regional Council in Hudson Valley, Saint Regis Mohawk Tribe, and Seneca Nation of Indians. The funding can be used to support partnership of public and private sectors to strengthen the local economy.
“In these trying and unprecedented times, the federal government should do everything in its power to support economic development and put local economies on track to recovery,” said Senator Schumer. “This federal funding will begin that process by drawing new companies to these regions and support job growth in the process. I will continue to fight and make sure that local New York economies and New York’s tribes have the tools and support they need to bounce back from this crisis.”
“The COVID-19 outbreak has placed an immense strain on local economies, especially for small businesses and New York’s tribal communities,” said Senator Gillibrand. “As New York plans to reopen, this federal funding will support these communities by attracting new business and strengthening job development. I will continue fighting for the resources New Yorkers need across the state during this pandemic.”
The senators said the EDA planning investment will be used toward a comprehensive economic development strategy. The projects will help foster a strong partnership between local public entities and private enterprise to help strengthen local businesses, attract new businesses, and help support job creation in local economies.
Specifically, the senators revealed that the Capital District Regional Planning Commission will receive $70,000 from the EDA and the Hudson Valley Regional Council, Inc. will receive $70,000. Each of these amounts is 50% of the total cost estimate for the economic development project. The Saint Regis Mohawk Tribe will receive $47,000 and the Seneca Nation of Indians will receive $46,520. Each of these amounts is 100% of the total cost estimate for the economic development project.
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