The Long Island Regional Economic Development Council will hold its first meeting on Wednesday, August 10 at 3 p.m. at SUNY Stony Brook.
As part of an initiative to get make New York State more business-friendly, Governor Cuomo has created 10 regional economic development councils. Long Island is one of the regions. The Governor appointed Kevin Law, president of the Long Island Association, and Stuart Rabinowitz, president of Hofstra University, to co-chair the council.
Each of the 10 regional councils will develop a plan for the development of their region. The state will work with the Regional Councils to align state resources and policies, eliminate unnecessary barriers to growth and prosperity, and streamline the delivery of government services and programs to help the Regional Councils carry out their plans for development.
Each of the 10 regional councils will compete for $1 billion in state funding for projects they determine to be part of their regional strategy.