Monday, August 20, 2007

NY State's New Office for Small Cities

New York Governor Eliot Spitzer announced today that the Office for Small Cities and Empire State Development (ESD) are providing more than $1.1 million in economic development aid to help businesses in Schenectady, St. Lawrence and Wayne Counties create and retain nearly 160 jobs. The funding will help local businesses provide health care and other benefits, upgrade facilities and equipment, and invest in workforce training.

The state grants have been awarded to Newton Falls Fine Paper, LLC in Clifton, CEL Packing, LLC in Wolcott, and Duanesburg Area Community Center, Inc. in Duanesburg.

The Office for Small Cities, a subsidiary of the New York Housing Trust Fund Corporation, will also leverage $26 million in additional funding from a variety of public and private sources to help fund these projects.

“When working to revitalize the upstate economy, reviving struggling small cities across New York must be one of our top priorities,” said Governor Spitzer. “Today’s announcement shows that we are making progress toward this goal. These grants hold the promise of new, good-paying jobs, which means more New Yorkers will have a secure economic future.”

Read more here.

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