Archive: Business & Technology

New York Lieutenant Governor Kathy Hochul announced last week that the ninth round of Regional Economic Development Council (REDC) initiative awards for each of the 10 economic development regions in the state.

The Southern Tier, an eight-county region including Tompkins County, was one of five top performers, receiving $88.9 million to support economic development projects.

Tompkins County was awarded approximately $13.8 million for 31 projects.  Projects awarded funding in Tompkins County include:

• Transonic Systems – global competitiveness/automated manufacturing ($220,000)
• YMCA of Ithaca – renovation to support increased childcare and community space ($1,184,000)
• Coddington Road Community Center – childcare and afterschool care expansion and modernization ($700,000)
• Enclose Cass Park Rink – ($523,269)
• Downtown Ithaca Community Conference Center – ($5,000,000)

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