NEWBURGH – Representative Sean Patrick Maloney (NY-18) announced a federal investment of $70,000 to help the Hudson Valley Regional Council to develop and implement a comprehensive economic development strategy for seven counties in the Hudson Valley.
The investment, made through the Economic Development Administration (EDA), will be matched by an equal contribution from the counties themselves.
“The Hudson Valley isn’t immune to the effects of bad trade deals or changes in the global economy, and we need a new vision for getting people back to work and growing our local economy,” said Rep. Maloney. “No one can do this on their own, and by partnering together we can be sure our team in the Hudson Valley has the tools they need to get this plan in action as soon as possible.”
“Hudson Valley Regional Council greatly appreciates the continuation of our EDA Planning Funding,” said Hudson Valley Regional Council Executive Director Patricia Pomeroy. “We are currently working on the annual update of our Comprehensive Economic Development Strategy and will soon begin the update of the entire document in 2018, (required every 5 years). This grant is matched by the seven county governments that comprise the Regional Council – Dutchess, Orange, Putnam, Rockland, Sullivan, Ulster and Westchester. The CEDS is an important aspect in charting the economic present and future of the region based on actual data, trends, clusters and job retention and growth.”
This EDA planning investment supports the development and implementation of a Comprehensive Economic Development Strategy (CEDS) for the region served by the Hudson Valley Regional Council, which comprises the counties of Dutchess, Orange, Putnam, Rockland, Sullivan, Ulster, and Westchester; and the cities of Yonkers, Mount Vernon, Newburgh, Kingston, Poughkeepsie, and Middletown. The CEDS process is designed to bring together the public and private sectors in the creation of an economic development roadmap to diversify and strengthen the regional economy.