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$59.8M coming to Finger Lakes region

A year after being recognized as having one of the best plans in the state, the Finger Lakes Regional Economic Development Council is on tap to receive substantially less funding for projects.

The council was awarded $59.8 million – a drop-off of more than $36 million from a year ago – as part of the third round of Gov. Andrew Cuomo’s economic development initiative. In all, more than $715 million was awarded to regions throughout the state, according to a Dec. 11 announcement in Albany.

Locally, investments will be made in priority projects that include Eastman Business Park, the expansion of the Rochester Public Market, the redevelopment of waterfront land on Canandaigua Lake and the establishment of Rochester Institute of Technology’s Center for Urban Entrepreneurship, among others.

Long Island and the Capital Region were the top awardees. The Finger Lakes region was ranked seventh of the 10 regions competing for the dollars.