Syracuse (WSYR-TV) - Governor Andrew Cuomo toured Syracuse Tuesday to see how the Central New York region spent $103-million in state funding.
Tuesday's tour began at the Central New York Biotechnology Research Center in Syracuse, where there is space for 21 businesses, and a potential to create hundreds of jobs.
Last year, NY created 10 Regional Economic Development Councils to draft plans on how to use State grants to grow the economy and create jobs. CNY won the competition and millions of dollars. The councils are a new way of doing business for NY, giving the regions control to target where the money should be spent.
"If you want to grow the economy, you can't do it from Albany," said Governor Cuomo. "You have to recognize the variations in the state economy from region to region and you have to develop the economy from that region. It's not a state function at all."
The state is preparing for round two of the competition. But before Governor Cuomo doles out more money, he wants to see how it was spent.
In CNY, the millions went to more than 70 shovel-ready projects including work at the Inner Harbor, St. Joseph's Hospital and multiple residential projects in downtown Syracuse.
"One thing we wanted to demonstrate to the Governor, we have a vision for where we want this community to go, we have a team in place to help execute that. As the state makes an investment in our region, those investments are going to make a really significant return to the State of New York," said Centerstate CEO President and Council Member Rob Simpson.
The CNY Region is now drafting a plan for the next round of money. It's asking for $33-million for a plan that could help create 800 jobs.
The Governor plans to tour all 10 regions of the state to analyze the progress that's been made.