Page 50 - FDI Alliance International Magazine, July 2019 Interactive Issue_Neat

GOVERNOR
ANDREW M.CUOMO
STATE OF

NEW YORK

The State of New York is governed by Andrew M. New York’s economy has created more than 1 million innovative approaches the city could take to promote
Cuomo, New York is located at the southern tip of the private sector jobs, and the state’s unemployment rate training and hiring of underrepresented New Yorkers in
state. New York’s metropolitan area, one of the most has dropped from 8.3 percent to 4.7 percent. On tech and other in-demand sectors. The grants will build
populous urban agglomerations in the world. average, there will be nearly 362,000 jobs opening upon existing investments that the city has made in the
over the next ten years. tech sector, which have led to employers like Amazon
New York Harbor is the third largest port in the United New York City’s economy is booming, with 702,200 and Google announcing their second headquarters in
States and the largest port complex on the Atlantic jobs added between 2009 and 2019 the longest Long Island City, Queens and the expansion of their
coast. NYCEDC’s PortNYC supports developing the economic expansion in more than 70 years. Manhattan-based workforce, respectively.
city’s passenger and freight transportation terminals
to sustain the region’s economic growth. PortNYC Economic development funding is one of the Governor’s New York State is committed to developing a vibrant
facilities include marine cargo terminals, rail facilities, signature economic development achievements, it’s a clean energy economy, and job growth in this emerging
cruise terminals, ferry landings, and heliports within the great approach that brings together higher education, industry is booming across the state - with more than
five boroughs of the City of New York. industry and government leaders to plan the future of 150,000 New Yorkers working in the clean energy
New York State will expand its already-successful Downtown their region. industry. The Governor also supported the creation of
revitalization Initiative with an additional $100 million, a 10-year, $5 billion Clean Energy Fund designed to
providing up to $10 million for awards in each region. The state has invested more than $5.4 billion through leverage private sector investment, fuel clean energy
These investments will ensure that communities have the REDCs that have funded more than 6,300 projects markets and deliver energy savings across the state. The
the tools they need to boost their local economies and and supports more than 220,000 jobs across the Fund is expected to save New Yorkers $39 billion in
transform downtown neighborhoods. state establishing a new Consolidated Funding energy costs over the next 10 years while dramatically
Application for workforce investments would support reducing greenhouse gas emissions.
New York is moving forward with a $100 billion strategic regional efforts that meet businesses’ short-term
infrastructure program, the most aggressive and workforce needs, improve regional talent pipelines, expand New York State has taken major steps to reduce its
ambitious building program in the country. From apprenticeships, and address the long-term needs of carbon footprint and cut back on the use of fossil fuels
investing in rehabilitating roads and bridges and expanding industries with a particular focus on emerging as an energy source, yet the New York Common Fund
rebuilding airports for the 21st century, New York fields with growing demand for jobs like clean energy remains heavily invested in fossil fuels.
is moving forward with a strong and bold projects and technology. Funds would also support efforts to
across the state of New York: A new moynihan train improve the economic security of women, youth, and Grow New York City as the global capital for innovation
hall; a 1.2 million square foot expansion of the Javits other populations that face significant barriers to career by strategically investing in emerging sectors and
convention center; a new kosciuszko bridge, the first advancement. encouraging traditional industries to adapt to global
major new bridge in the last 50 years; new train stations disruption
in Niagara Falls, Rochester and Schenectady; a $6.6 The de Blasio Administration has announced it is NYCEDC is dedicated to the creation of a dynamic,
billion transformation of the Long Island Railroad; and offering up to $300,000 in microgrants to qualified equitable, and sustainable urban economy. We are
a MTA Capital Plan to bring New York City’s subways organizations that specialize in workforce development. making sure that whatever happens next, happens
into the 21st century. The grants will support research and planning into right here in New York City

50 FDI ALLIANCE | JULY ISSUE 2019