SYRACUSE, N.Y. — CenterState CEO and a group of regional partners have submitted a phase-two application for the Build Back Better Regional Challenge (BBBRC).
BBBRC is described as a “central component” of the U.S. Economic Development Administration’s American Rescue Plan.
These coalition partners proposed nine “distinct and interconnected” projects that would leverage more than $143 million against a federal investment of $92 million to “advance opportunities in the region’s emerging “smart systems” cluster, while also integrating large-scale, workforce-development programs to ensure that regional growth is inclusive and equitable,” CenterState CEO said Thursday.
The phase-two application follows the region’s successful phase-one application that was announced last October. The U.S. Department of Commerce’s Economic Development Administration (EDA) selected the region’s proposal as one of 60 finalists from more than 500 nationwide applications. The office of U.S. Senate Majority Leader Charles Schumer (D–N.Y.) announced the $500,000 federal grant back in December.
Regional projects targeted
The organization is working with a coalition of 57 public, private, nonprofit, academic, and for-profit entities across Central New York and the Mohawk Valley on the effort.
The projects involved would target the White Pine Commerce Park in Clay; supply chain flex space at the Marcy Nanocenter in Oneida County; Oswego County supply chain site readiness; an advanced manufacturing training consortium; regional STEAM school; a Center City Innovation Hub; UAS health-care commercialization; “smart systems quantum runways;” and CenterState NY Smart Systems cluster governance, CenterState CEO said.
It is anticipated these projects will create upward of 23,060 new jobs; leverage more than $11.3 billion in private investment; increase the region’s gross domestic product 3.5 percent; create 588 new startups in 12 years; invest $80 million in startups over the next four years; train 3,500 through the workforce consortium; graduate 250 per year from the STEAM School; and invest $8 million in four years in XBE startups (XBEs are for-profit businesses that are owned, operated, and controlled by a minority group member).
“The Build Back Better program creates opportunity to scale support of existing industries and those looking to find growth within the region, while aligning strategies with a vision of equitable progress,” Robert Simpson, president and CEO of CenterState CEO, said in a release. “I am immensely proud of how our region has come together to make us competitive for this large-scale award, which validates that the region is poised for smart systems industry growth. Through partnerships, sound strategies and regional expertise — and now, with the potential of game-changing Build Back Better investments — the CenterState New York region stands ready to accelerate its already strong growth trajectory, while connecting those opportunities to the resources and talent needed to succeed.”
Project descriptions
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