Central New York REDC Update
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CNY REDC Results
2011: $103.7 million for 74 Projects
2012: $93.7 million for 73 Projects
2013: $66.9 million for 79 Projects
2014: $80.2 million for 85 Projects
2016: $122.4 million for 85 Projects
Total: $466.9 million for 404 Projects
Highest amount received in the State!
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Vision
INNOVATION and COLLABORATION are central to
the creation of opportunity for all who live and work
in Central New York. By TAKING OWNERSHIP of its
future, operating in a nimble and efficient manner,
and leveraging its many assets—natural, agricultural,
geographic, economic, educational, cultural, and
human—Central New York is working to create a
DIVERSE, SUSTAINABLE, and GLOBALLY
COMPETITIVE economy while preserving and
enhancing the region’s treasured quality of life.
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CNYREDC’s 3 Overarching Goals
– Strengthen Targeted Industry Concentrations that
Leverage Unique Economic Assets
– Improve Competitiveness in, and Connections to, the
Regional, National, and Global Economies
– Revitalize our Region’s Urban Cores, Main Streets,
and Neighborhoods
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Targeted Industries (Goal 1)
– Established, growing and competitive industry
clusters:
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Clean Energy and Environmental Systems
Health, Biomedical Services and Biosciences
Unmanned Aerial Systems
Sensor and Radar Technologies
Financial Services
Agribusiness and Food Processing
Advanced Manufacturing
Tourism
Improve Competitiveness in, and Connections to
the Regional, National, and Global Economy (Goal 2)
Encourage new venture and product development
Prioritize investments in research, innovation, and
commercialization
Expand into global markets
Build a 21st century infrastructure
Maximize human capital
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Revitalize our Region’s Urban Cores, Main
Streets and Neighborhoods (Goal 3)
 Leverage Anchor Institutions in Urban redevelopment
 Repurpose Existing Infrastructure to recreate Density
 Develop the Workforce of Tomorrow
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11 Work Groups focused on key industries and
economic systems:
 Agribusiness
 Access to Economic Opportunity
 Entrepreneurship
 Financial Services
 Health & Environment
 Information Security
 Manufacturing
 Tourism
 Transportation & Logistics
 Unmanned Aerial Systems
 Urban Core Revitalization
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