Regional Economic Development Council

Policy, Urban Design

NYC will get a big boost thanks to Governor Cuomo’s Regional Economic Development Council competitions, a six-year-old initiative that provides “ground-up” funding driven by a community’s success in improving quality of life and growing the local economy. New York City was named a “top performer” by the administration and awarded $80.2 million. The hefty sum will be allocated towards 121 projects across all five boroughs, including $1 million to build a tech incubator facility in Brooklyn, $1 million for a shuttle-bus service for the Brooklyn Navy Yard, $2.1 million to support the Green Point Manufacturing and Design Center, and $1.24 million to complete the final section of the Brooklyn Bridge Park beneath the bridge. Money will also go towards brownfield clean-up, supporting workforce expansion in local organizations, job training, and improving parks in low-income neighborhoods.

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