May 26, 2015

URI Update and Capital Region Economic Development Council Meeting Announcements









Upstate Revitalization Initiative Update
In January, Governor Cuomo created an initiative for seven Upstate NY regions to compete for three, one-time, $500 million economic development investments from the State of New York’s Upstate Revitalization Initiative. This initiative works in conjunction with the Regional Councils, which will award a total $750 million this year – including approximately $600 million to Upstate New York. Between the Upstate Revitalization Initiative and the Regional Economic Development Council (REDC) Awards, approximately $130 million will be awarded for the top finishers ranging down to $90 million. This is an incredible investment in upstate New York and an enormous opportunity for our region. The Upstate Revitalization Initiative (URI) Competition is an opportunity for the Capital Region to create overarching strategies that will have a region-wide impact focusing on strengthening critical infrastructure, revitalizing communities, bolstering workforce development, growing tourism, and improving quality of life. The CREDC has formed the Upstate Revitalization Advisory Council to coordinate the development of the region’s plan. This Council will be co-chaired by Michael J. Castellana, president and CEO of SEFCU, and one of the inaugural chairs of the Capital Region Economic Development Council and Michael J. Hickey, interim CEO of Center for Economic Growth. The Advisory Council will be a public-private effort and will include leaders from various industry sectors as well as the resources of some research firms to help create a roadmap that will contain short- and long-term strategies and tactics. We need and want our region’s best thinking and most transformative projects for the plan. Please visit, the Capital 20.20 website, for more information and check back regularly for updates and notices of opportunities to provide input. With your participation, we can advance our region through focused investment.
Meeting Notice: Capital Region Economic Development Council
Thursday, May 28, 2015 12:30 P.M. – 2:30 P.M. Holiday Inn 232 Broadway Saratoga Springs, NY 12866

Map and Directions

Register Here 

Upcoming Arts, Culture and Tourism CREDC Work Group Meetings The Arts, Culture and Tourism CREDC work group will hold three sessions that will include targeted CFA training followed by a forum to solicit visionary ideas about how the creative economy might be leveraged to promote economic growth in alignment with the priorities of the CREDC Strategic Plan and URI Revitalization Plan.

*Each session will be identical – you only need to attend one of the following*

Tuesday, June 9, 2015 | 12:00 P.M. – 3:00 P.M. Basilica Hudson |110 S Front St. in Hudson Friday, June 12, 2015 | 2:00 P.M. – 5:00 P.M. Proctors | 432 State St. in Schenectady  Monday, June 15, 2015 |9:00 A.M. – noon Lake George Great Escape Lodge | 89 Six Flags Dr. in Queensbury

 Register Here


    • Consolidated Funding Application (CFA) is open. The deadline is July 31, 2015 at 4:00 p.m. Access the CFA here.
    • URI Revitalization Plans will be due to the State on October 5, 2015.
Upcoming CFA Workshops 
Friday, June 26, 2015 | 10:00 A.M. – 12:30 P.M.   Lake George, Fort William Henry Hotel Register Here Tuesday, June 30, 2015 | 10:00 A.M. – 12:30 P.M. Hudson, Columbia Greene Community College Register Here