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Cuomo Proposes $1.5B Upstate NY Economic Competition

New York Governor Andrew Cuomo is pitching a competition that would pit seven upstate regions against each other for a chance to win $1.5 billion in economic development money. Cuomo's plan, if approved by lawmakers, would have the seven regions  submit economic proposals by July 1.

The Finger Lakes, Southern Tier, Central New York,  Mohawk Valley, the Capital Region, Mid-Hudson Valley and the North Country would go toe-to-toe.  Albany County Executive Dan McCoy was in Rochester for the announcement, he says winning bids would be selected this fall.  "Up to 500 million dollars will be awarded to three different groups. It's going to go through the Regional Economic Development Council."

The prize would be funded from the state's $5 billion surplus from recent settlements with financial institutions.

Cuomo says the money would help reverse the economic decline and depopulation of areas he says have long been ignored by state leaders.

Dave Lucas is WAMC’s Capital Region Bureau Chief. Born and raised in Albany, he’s been involved in nearly every aspect of local radio since 1981. Before joining WAMC, Dave was a reporter and anchor at WGY in Schenectady. Prior to that he hosted talk shows on WYJB and WROW, including the 1999 series of overnight radio broadcasts tracking the JonBenet Ramsey murder case with a cast of callers and characters from all over the world via the internet. In 2012, Dave received a Communicator Award of Distinction for his WAMC news story "Fail: The NYS Flood Panel," which explores whether the damage from Hurricane Irene and Tropical Storm Lee could have been prevented or at least curbed. Dave began his radio career as a “morning personality” at WABY in Albany.
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