New York Gov. Andrew M. Cuomo, on Sept. 2 announced $1.8 million in economic-development grants for eight upstate local governments and not-for-profit organizations. The winners included these two projects: Clarkson University — Expansion of Manufacturing Incubator Clarkson will receive $250,000 to help fund conversion of Damon Hall into light-manufacturing incubator space, creating new spaces for startups. […]
New York Gov. Andrew M. Cuomo, on Sept. 2 announced $1.8 million in economic-development grants for eight upstate local governments and not-for-profit organizations.
The winners included these two projects:
Clarkson University — Expansion of Manufacturing Incubator
Clarkson will receive $250,000 to help fund conversion of Damon Hall into light-manufacturing incubator space, creating new spaces for startups. Located on the campus of Clarkson University in Potsdam, the incubator will link startups with existing infrastructure and be a central point for business incubation and expansion. Clarkson broke ground on the Damon Hall Business Incubator in mid-May. LC Drives will be the first tenant of the new incubator. The company designs and manufactures “ultra-efficient electric motors and generators for a variety of markets that include wind energy companies, oil and gas drilling businesses, and underwater use,” according to Clarkson’s website. LC Drives is currently located next door in the university’s Peyton Hall Business Incubator.
Tug Hill Tomorrow Land Trust — Conservation of Working Farms
The land trust will get $246,250 to expand the use of conservation easements on two working farms in Jefferson and St. Lawrence counties, near Fort Drum. The project will encompass 604 acres to support the compatibility of agriculture and Fort Drum, which are two key economic drivers in the region, according to a news release from Gov. Cuomo’s office.
Funded through the Northern Border Regional Commission — a regional economic-development partnership between federal, state, and local government — the eight grants are “intended to alleviate economic distress by spurring development opportunity and strengthening local infrastructure projects,” the release stated. The projects are expected to leverage $36 million in additional public and private funding.
The New York Department of State’s (DOS) Division of Local Government Services partnered with the Northern Border Regional Commission and regional planning organizations to solicit project applications for funding. DOS received 14 applications, requesting more than $3.25 million in funding for water and wastewater infrastructure, telecommunications, workforce development, health care, resource conservation, and tourism projects.
The other six winning projects primarily involved water and wastewater-infrastructure improvements.
Contact Reinhardt at ereinhardt@cnybj.com