The Capital Region economic sector, which
includes Saratoga County, was not selected in December
as one of the three winners of the Upstate
Revitalization Initiative, a $1.5 billion, five-year
economic development competition that would
have brought $500 million in state funds to the
region for various projects.
But the Capital Region received $98.1 million
in aid for projects this year, of which about $2.1
million is specifically earmarked for projects in
Saratoga County.
The winning regions in the competition were
the Finger Lakes, the Southern Tier and Central
New York.
However on Dec. 10, Gov. Andrew Cuomo
announced the awarding of $2.25 billion in
economic and community development funding
through Round V of the Regional Economic
Development Council initiative and the Upstate
Revitalization Initiative.