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Andrew Cuomo to announce business-aid winners Dec. 8

Gov. Andrew M. Cuomo, seen on Nov. 15,

Gov. Andrew M. Cuomo, seen on Nov. 15, 2016, at Binghamton University's School of Pharmacy and Pharmaceutical Sciences, will announce the winners of his annual competition for state business-aid at a ceremony in Albany Dec. 8. Photo Credit: Office of governor / Darren McGee

Gov. Andrew M. Cuomo will announce Dec. 8 the winners of his annual competition for state business-aid.

The ceremony, to be held in a theater near the state Capitol in Albany, will cap six months of preparations by 10 regional economic development councils. Each submitted funding proposals to a panel of state judges and the state agencies that are providing the money.

Up to $750 million in state tax credits and grants will be awarded.

The Long Island council has been a big winner in four of the last five contests. It has secured a total of $424.5 million for 468 projects.

The local council, appointed by Cuomo in 2011, is led by co-vice chairmen Kevin Law, president of the Long Island Association business group, and Hofstra University president Stuart Rabinowitz. Members are drawn from the business, labor and education communities.

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