Comment - "To be honest in regards to the article written below, this is where a program like Empire State EB-5 Regional Center can interject and be a useful tool for local development. With the experienced team and available resources to coordinate foreign investment for creation of US economic growth and increase in employment that is essential at this time in our country and local regions need to entertain all possible avenues for success to be achieved. "
Written by:Tom Tobin
Staff Writer for Rochester D&C
The 10 projects chosen by the Finger Lakes Regional Economic Development Council for inclusion in its strategic plan depend far more on private-sector money than required by the state.
Gov. Andrew Cuomo, in devising the region-based economic development process this year, asked each of the 10 regional councils to propose projects with a private-to-public funding ratio of 5 to 1.
The projects tentatively approved Tuesday by the nine-county Finger Lakes council have an overall long-term cost of about $830 million. The state would be asked to contribute, over several years, about $86 million, for nearly a 10-to-1 private-public ratio.....
Written by:Tom Tobin
Staff Writer for Rochester D&C
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