Governor Cuomo is proposing to create 10 Regional Economic Development Councils that award grants and subsidies on a competitive basis to spur private-sector investment and job creation.
Despite being the flagship economic development initiative of his campaign, the Governor has consistently delayed release of any substantive details on the structure, power and scope of these new entities. They are to be created through executive order with appointments to the councils likely happening at the end of June 2011. Information on the councils can be gleaned from the state budget, Cuomo’s campaign pledges, government officials and newspaper articles.
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