Central New York Regional Economic Development Council announces SyracuseCoE to start first stage of NYE-RIC project

The Central New York Regional Economic Development Council has announced that Syracuse University has signed an incentive proposal and is officially moving forward with the first stages of the transformational New York Energy Regional Innovation Cluster project on the strength of a $3 million grant awarded as part of Gov. Andrew M. Cuomo’s Regional Council initiative.

This funding will be used to fit out available space at the Syracuse Center of Excellence (SyracuseCoE) for new research and development labs specifically focused on New York Energy Regional Innovation Cluster (NYE-RIC) opportunities, and the total project cost is $8.7 million. The full NYE-RIC project has the potential to create tens of thousands of good, green/clean-economy jobs across the state and a total project cost of nearly $225 million.

“This award underlines the pivotal economic development role that NYE-RIC can play not only for Central New York, but statewide,” says SU Chancellor Nancy Cantor, who serves as co-chair of the CNY Regional Council. “New York State’s $3 million investment is leveraging the SyracuseCoE’s proven track record of successfully connecting cross-sector partners to generate world-class innovation, and spur job creation. Crucially, SyracuseCoE’s international renown will give NYE-RIC’s corporate partners a leg up in gaining access to global markets and restoring prosperity to New York State.”

To read the full news release from the Regional Economic Development Councils website visit: http://nyworks.ny.gov/generic/press-release-central-ny-04242012.