FEATURED This Week
Announcements This Week
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.
Since taking office, Governor Cuomo has replaced the State's top-down, "one-size fits all" approach to economic development with one that is regionally-based and performance-driven.
Communities are empowered, determining their own destiny through comprehensive strategic plans developed by the Regional Economic Development Councils, which are guiding the greatest investment in Upstate's history and actively supporting tens of thousands of jobs across the state.
This new approach has been extended to our urban centers. Governor Cuomo has made it a priority to end the cycle of decline in our Upstate cities and breathe new life into our downtowns. And it's working - with the transformation of vacant historic buildings into active mixed-use developments with apartments, businesses and restaurants, and innovative companies attracting young people to Upstate's urban centers.
- We will continue stimulating growth across the state’s regional economies – from the ground up –while the Empire State remains the globe’s beacon of economic opportunity.
- As secretary, Cuomo made fighting racial discrimination a key focus and brought 2,000 anti-discrimination cases all across the country.
- Learn more about the economic success across each region of the state
Governor Cuomo has secured the lowest middle tax rate since 1947, the lowest corporate tax rate since 1968 and the lowest manufacturers tax rate since 1917.
Governor Cuomo has enacted a property tax cap and property tax freeze that have led to a combine average savings of $2,600 per year.