Gov. Andrew Cuomo on Wednesday announced that he has redesigned the process for the state to distribute $1 billion in economic development money, enabling applicants to fill out just one form when seeking to tap funds from nine separate state agencies.
The procedural streamlining is part of the governor's effort to get more bang for the state's economic development dollars by having regions compete for funding. The governor also released a “blueprint” for his regional economic councils, which will represent each of the state's 10 economic development regions.
Mr. Cuomo described the new Consolidated Funding Application as a “one-stop shop” for organizations seeking economic development money.
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