Wednesday, October 22, 2014

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Hudson Valley

Mid-Hudson gets $92.8 million for 84 projects

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ALBANY, N.Y. -- Governor Cuomo hosted the Regional Economic Development awards in Albany on Wednesday, and the mid-Hudson Valley is the Best Plan Awardee with $92.8 million for 84 regional projects.

Of that, $3 million will go toward establishing the New York State Cloud Computing and Analytics Center at Marist College, $2 million will be used to develop the site of the closed Harlem Valley Psychiatric Center in Dutchess County, and $1 million will be used to build an iBio Incubator. The incubator will provide lab and office space and services for biotechnology companies. It will also provide specialized workforce training for established biotechnology companies.

Breakdown:
•$1 million to build an iBio Incubator that will offer laboratory and office space and services for entrepreneurs and start-up biotechnology companies and provide specialized workforce training for established biotechnology companies in the region.
•$3 million to establish the New York State Cloud Computing and Analytics Center at Marist College that will facilitate operations for technology based firms by providing workforce training and reducing overhead.
•$1 million for Touro College to use the now vacant Horton Hospital in Middletown to house a school of osteopathic medicine. The new school would help bolster the number of medical professionals in the Mid-Hudson region.
•$775,000 to create a Hudson Valley Food Hub that will provide processing and marketing opportunities to farmers and other food producers, leveraging the region's outstanding agricultural resources. Strengthening the area's food distribution infrastructure will help retain and stimulate an economic sector that also supports tourism and the region's natural resources.
•$1.5 million for the expansion of the Echo Bay Waterfront in New Rochelle that will reclaim current commercial/industrial land and provide access to the water's edge for city residents and regional communities alike. The project also includes new market rate and affordable rental housing with neighborhood retail opportunities, as well as 5+ acres of public open space.
•$500,000 to develop the Matrix Distribution Park in Newburgh, including the construction of a 550,000 square foot manufacturing/distribution facility at the intersection of I-84 & I-87 with the goal of attracting a Fortune 500 caliber company to this location.
•$2 million to develop the site of the closed Harlem Valley Psychiatric Center in Dutchess County, including upgrading a Metro-North train station, a commercial/retail area, 9-hole golf course, community center, and 200 units of housing.
•$1 million for the preservation and redevelopment of the iconic 1904 Glenwood Power Plant on the Hudson River in Yonkers for a mixed-use program would create a social, business and cultural destination.
•$1.2 million for the construction of a mile-long Hudson Landing Promenade along the Hudson River straddling the City of Kingston/Town of Ulster municipal boundary on an old industrial site.

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