Spurring economic growth from the ground up and creating jobs across New York
Regional Economic Development Councils
This initiative is a key component of Governor Cuomo's approach to economic development, putting into place a community-based, bottom up approach and establishing a competitive process for State resources.
Established in 2011, the 10 Regional Councils develop long-term strategic plans for economic growth in their regions. They are made up of local experts and stakeholders from business, academia, local government, and non-governmental organizations.
Since 2011, more than $4.6 billion has been awarded to over 5,200 projects that are projected to create and retain more than 210,000 jobs statewide.
Revitalizing Communities Across New York State
Modeled after the successful Buffalo Billion Initiative, the URI is an opportunity for Upstate communities to address economic challenges of their regions and work together to bring jobs back.
Now in its second year, this initiative is transforming neighborhoods into vibrant communities where the next generation will want to live, work & raise families.
Since the historic $1B program began, the Queen City has again become a global destination to live and work - prompting the launch of Phase II to extend the progress to the neighboorhood level.
$20 Billion Plan to Create Affordable Housing
Revitalizing Our Communities Begins with Affordable & Sustainable Housing
Largest Investment in State History
The $20B, 5-year plan to advance the construction of affordable housing and combat homelessness was made possible by the release of $2.5B in capital funding delivered in the FY 2018 Budget.
Adding Critical Supply to the State's Stock of Affordable Housing
The plan commits $10B to create and preserve more than 110,000 units across NYS, including 12,000 units created through the new "Affordable New York" program formerly known as 421-a.
Landmark Commitment to Supportive Housing
The plan also includes a $10B commitment to create 6,000 new supportive housing beds, including $7.5 billion to end the homelessness crisis across the state.
Establishing world-class destination gaming resorts to attract tourists and bring jobs to Upstate New York