U.S. Senators Charles E. Schumer and Kirsten Gillibrand today announced a federal grant worth $70,000 for the Hudson Valley Regional Council. The investment comes through the U.S. Economic Development Agency, and will be used to support the public-private partnership to strengthen the Hudson Valley's economy.
"The bottom line is that the federal government should do everything it can to support economic development and get people back to work," said Senator Schumer. "The work of the Hudson Valley Regional Council will do just that by drawing new companies to the region and supporting job growth in the process."
"We have everything it takes for a strong and growing economy right here in the Hudson Valley," Senator Gillibrand said. "With smart investments like this, we can harness our full potential to bring more businesses and more jobs to the Hudson Valley, and strengthen the local economy for years to come."
"We are grateful for the continued confidence of the EDA in the Regional Council and the Hudson Valley," said Patricia Pomeroy, Executive Director of HVRC. "Not only does this funding provide for the CEDS, the annual regional economic snapshot of the Hudson Valley but it allows the Regional Council to provide support for economic development projects in progress or in the planning stages throughout the seven county footprint by assisting them with applications for federal funding. It also gives the Council the assets necessary to study regional initiatives and regional approaches to issues that impact our economy throughout the Hudson Valley."
The EDA planning investment will be used toward a comprehensive economic development strategy for the Hudson Valley Regional Council, which serves Dutchess, Orange, Putnam, Rockland, Sullivan, Ulster and Westchester Counties.
The investment will help foster a strong partnership between local public entities and private enterprise to help strengthen local businesses, attract new businesses, and help support job creation in the Hudson Valley. The federal funds will be matched with local support to provide the necessary funding for the Council to operate.