Schumer: Central New York picked to advance in US competition for economic development money

Tech Garden

The Syracuse Technology Garden, a business incubator for tech startups, would expand as part of a larger plan to turn Central New York and the Mohawk Valley into a global tech hub. Rick Moriarty | rmoriarty@syracuse.com

Washington – Central New York and the Mohawk Valley beat out hundreds of communities from across the nation to advance in a $1 billion federal competition for economic development aid, the U.S. Commerce Department plans to announce today.

U.S. Sen. Charles Schumer said the region will be among 60 finalists chosen from 529 applicants in the Build Back Better Challenge, a federal initiative aimed at helping speed the economic recovery from the coronavirus pandemic.

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