Economic Development

In 2011, Governor Cuomo established ten Regional Economic Development Councils (REDCs) to develop long-term regional strategic economic development plans. Campuses are eligible to apply for funding through the REDCs which received $150 million in new funding in the Executive Budget.

In round nine, $2 million was awarded to the University to develop a comprehensive Net Zero Energy Campus Roadmap for its uptown campus buildings. 

No new appropriation is provided for another round of the NYSUNY 2020 challenge grant program.

The Executive Budget maintains funding of $5 million for the Innovative Hot Spots and contains legislation that would consolidate the Centers of Excellence into Centers for Advanced Technology, allowing existing COEs to apply for designation as CATs, focusing the activities of these entities on job creation.