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Economic Development Council reports progress, priority projects

Rochester Business Journal
September 17, 2012

The Finger Lakes Regional Economic Development Council has submitted its progress report and 12 priority projects for 2012—topped by the Eastman Business Park—to the state, officials said Monday.

The one-year progress report submitted Friday includes details on the council’s progress in implementing a five-year strategic plan, officials said. The priority projects will compete with those submitted by New York’s other regional councils for a portion of up to $762 million in state funding.

The report provides a strong blueprint for continued growth in the region, addresses critical barriers to progress, and advances key projects across the region’s nine counties, council co-chairs Joel Seligman and Danny Wegman said in a statement.

The Finger Lakes region was awarded $68.8 million last year. Four of the 10 councils were awarded more than $100 million.

Funding is expected to be announced this fall, officials said.

The Eastman Business Park is the top priority because it is one of the country’s premier industrial development sites, council representatives said. Park administrators want to create 1,500 jobs there over five years.

The Health Sciences Center for Computational Innovation—a partnership between the University of Rochester and IBM Corp.—is the second project listed. That project could create 900 jobs in five years, representatives said.

The progress report is available at http://regionalcouncils.ny.gov/content/fingerlakes.

(c) 2012 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


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