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The grant is meant to fund an economic planning project to stimulate private capital investment and job creation in the Lower Hudson Valley.
“These federal investments allow the Hudson Valley Regional Council to offer sound analysis of the regional dynamics in an effort to support local job growth in Rockland, Westchester, and the surrounding counties,” Lowey said in a press release. “As the ranking member of the House Appropriations Committee, I will continue to support investments that spur our regional economy and help local business.”
The EDA investment supports a comprehensive economic development strategy that’s designed to bring the public and private sectors together in working to diversify and strengthen the regional economy, according to a press release.
“Preparation of the comprehensive economic development strategy for the Hudson Valley Economic Development District is the vehicle necessary to apply for and receive funding from the Economic Development Administration,” Patricia Pomeroy, executive director of the Hudson Valley Regional Council, said in a press release. “We work with officials throughout our seven-county region to identify potential EDA funding opportunities that can help create jobs in distressed areas of the region.”
The Hudson Valley Regional Council serves the counties of Rockland, Westchester, Dutchess, Orange, Putnam, Sullivan, and Ulster; and the cities of Yonkers, Mount Vernon, Newburgh, Kingston, Poughkeepsie, and Middletown.
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