SENATOR FUSCHILLO APPLAUDS ANNOUNCEMENT OF OVER $101 MILLION IN STATE FUNDING FOR ECONOMIC DEVELOPMENT ON LONG ISLAND
“Governor Cuomo’s announcement of over $101 million in state economic development funding represents a major investment in Long Island’s economy which will help promote economic growth, create jobs, and put people back to work.
As Chairman of the Senate’s Transportation Committee, I’m pleased that some of these funds will be used for transit-oriented development projects such as the Ronkonkoma-MacArthur Transit Hub and Wyandanch Rising. Transit-oriented development projects help better utilize mass transit to grow and revitalize our downtown areas. This will greatly benefit small businesses and create new jobs and opportunities for residents.
The funding invests in a total of 66 projects in Nassau and Suffolk Counties which will help Long Island businesses grow and develop, create new employment and educational opportunities for residents, promote affordable housing, and protect our environment. These are all critical priorities.
At a time when over 94,000 Long Islanders are out of work, and with the construction industry being hit especially hard by unemployment, investing in these projects is a positive step in the right direction for Long Island’s economy and its future.”