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Mid-Hudson Region to Receive $84.8 Million in State Development Funds

December 18, 2017

About $85 million in state grants and tax credits has been awarded to 113 development projects in the mid-Hudson Valley region. In Westchester, 23 projects will receive more than $10 million total this year. Major private and public capital projects to receive funding in the county this year include the following: BioInc@NYMC, New York Medical College’s biotech focused incubator, will receive $1.25 million through the state’s Innovation Hot Spot Support Program, which provides operating grants for designated “Innovation Hot Spots” that promote entrepreneurial activities.

Source: Westfair Communications