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

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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.


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