NYS Looks To Fund Regional Economic Development In A Post-COVID World

App users, tap here to watch video report.

NEW YORK – New York State has launched a new initiative to fund economic development in a post-COVID world.







Governor Andrew Cuomo says different regions have until July 30 to apply for economic development funding to aid in the recovery from the pandemic.

In total, more than $750 million in state economic development resources will be available.







He called for big ideas and bold action during a press conference in New York City.

“If you come up with a smart plan and a daring plan, the state of New York will fund it,” said Cuomo.













Cuomo also announced a new public awareness campaign about rebuilding New York City and State, narrated by Robert De Niro, Whoopi Goldberg, and Billy Joel.

The Governor also signed legislation extending the moratorium that prevents utility companies from disconnecting services to residential households and small businesses struggling with bills amid the coronavirus pandemic.

He says the moratorium is extended for a period of 180 days after the COVID-19 state of emergency is lifted or 180 days after Dec. 31, 2021, whichever comes first.

 

Make it easy to keep up to date with more stories like this. Download the WNY News Now mobile app on the Apple App Store and Google Play Store.

 

Have a news tip? Email newsdesk@WNYNewsNow.com, send us a message on Facebook, or Twitter.

WNY News Now encourages an open exchange of opinions and ideas on our stories, however, we ask everyone to follow our comment policy.

Be the first to comment

Leave a Reply

Your email address will not be published.


*


This site uses Akismet to reduce spam. Learn how your comment data is processed.