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Putnam Scores Big In Regional Economic Development Council Awards

The Mid-Hudson Region has come out on top in the 4th annual quest for state funding of initiatives, with $82.8 million going to 118 projects/initiatives which will preserve and develop the valley’s “green” infrastructure and foster the continued growth of industry clusters, while creating new jobs and sustaining a vibrant regional economy.  Putnam County got a big boost which should help Meghan Taylor and the Putnam EDC as well as the Chambers of Commerce in fostering more growth and promoting our business community.

Among the recipients, Green Chimneys will get $750,000 to renovate two buildings and enhance their offerings to special needs and preschool children. The Hudson Highlands Fjord Trail can expect $935,000 to create a nine mile trail that will connect the downtowns of Cold Spring and Beacon, adjacent to the rail lines. Also in Cold Spring, the Hudson Shakespeare Festival will receive $71,600 for arts education programs and workshops, while nearby in Garrison, Manitoga is going to get support in the amount of $16,700 for a series of intricate large-scale interpretive sculptures.

A new Opportunity Fund will help Hudson Valley businesses with $1,000,000 dedicated to an SBA-certified microlender, Community Capital. Mid-Hudson Pattern for Progress, a regional economic development and advocacy group, will receive $60,000 in support for its research on infrastructure investment. Finally, the Greater Hudson Heritage Network will get the opportunity to expand its Program Coordinator position with a $49,500 award from the state coffers.

The Regional Economic Development Councils have been a major initiative for New York’s growth plans since 2011.   Over $300 million has been invested in 350 projects endorsed by the Mid-Hudson Regional Economic Development Council. This is regional collaboration at its finest. All across the state, groups compete for these dollars, and we are fortunate that, this time around, we have been very persuasive in our case for state support.

 -Jennifer Maher, Chairwoman, the Putnam County Chambers of Commerce

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