Gov. Andrew M. Cuomo has postponed Wednesday's ceremony in Albany in which up to $750 million in state business aid was to be awarded to the state's 10 regions.
Because of the nor'easter sweeping along on the East Coast, the governor said the awards program would take place Thursday in a theater near the Capitol.
The event caps the fourth year of Cuomo's Regional Economic Development Councils initiative.
Long Island has been a big winner in two of the last three annual competitions.
The local council has secured $244.3 million for 250 building projects, the third-largest amount among the 10 regions. Together, the projects are worth $2.2 billion and will create and retain more than 12,000 jobs.