Major state funding will help a manufacturing project come to life in Geneva.
Governor Kathy Hochul announced over $15 million in funding to support 19 projects across the state through the Regional Economic Development Council. Among those projects funded was Cornell Agriculture and Food Technology Park Corporation, which will get $1.4 million in form of an Empire State Development Grant.
“Cornell Agriculture and Food Technology Park Corporation will construct a multi-tenant light manufacturing facility on a 5-acre site within the Cornell Agriculture and Food Technology Park Corporation’s Technology Farm. In addition to providing badly needed manufacturing and food processing space for businesses accessing the resources of Cornell AgriTech, the new facility will provide space for those companies that have outgrown the CAFTPC’s existing incubator facility,” the state wrote about the project.
Hochul touted the investment as strategic, noting the funding from this round of investments will “support the immediate needs of communities.”
“These businesses are driving innovation and creating good, stable jobs for New Yorkers, and thanks to our REDCs and significant state support, we are writing them into New York’s economic success story,” Hochul added.
The application for ESD Grant funds remains open, and applications are being reviewed on an on-going basis until funds are exhausted. Applicants with strong, shovel-ready projects that align with the state and region’s economic development priorities can apply through the Consolidated Funding Application.
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