Regional Economic Development Council Initiative Launched

Regional Economic Development Council Initiative launched

NEW YORK — Gov. Kathy Hochul recently announced the launch of the 2025 Regional Economic Development Council Initiative (REDC). According to a news release from the governor’s office, since 2011, the REDC has been the cornerstone of a bottom-up approach to economic development that allows the State’s 10 Regional Councils to support projects that advance strategic regional and statewide priorities. New in 2025 is the Governor’s $150 million Advan…

MD study finds payoffs for economic development spending – Maryland Economic Development Association (MEDA)

Economic development activities can deliver broad value to communities, driving business growth, attracting investment and creating a foundation for prosperity, a point reinforced by the results of a statewide study. According to the study, which was released in January, every dollar invested in local economic development operations over the previous three fiscal years generated an estimated average of $8.81 in state and local tax revenue. That …