295 projects apply for state development aid
Wyandanch Rising, a proposed development to replace blight around the LIRR station, includes homes, businesses and worker training programs. It is among the 13 proposals that are the centerpiece of a strategy to boost the sagging local economy. Credit: Beatty Harvey Coco Llp
The Long Island Regional Economic Development Council has received 295 applications from developers, businesses and not-for-profit groups for a share of $750 million worth of state tax credits and grants, a spokesman said Tuesday.
The council, appointed by Gov. Andrew M. Cuomo, received about 250 project applications last year, the first time New York State had a competition for development aid.
In the 2011 contest, Long Island received $101.6 million for 66 projects.
Council members will review and grade the applications. Their recommendations are due in Albany on Aug. 27.
Up to 100 points can be given to each project; 20 from the council and 80 from the state agency providing the funding.
Empire State Development Corp. spokesman Austin Shafran said awards will be announced in the fall.
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