wins Northeast award
Hudson Valley Economic Development Corporation's Economic Resource Guide has won a Superior Award from the Northeastern Economic Developers Association. The award was won in the Literature and Promotional Awards program Community Profile category. The award will be presented at the organization's annual meeting in Hartford in October.
To learn more about the Hudson Valley:
HVEDC Resource Guide - Download here
To learn more about NEDA:
Northeastern Economic Developers Association - www.nedaonline.org
Gov. Andrew Cuomo said Monday afternoon in Piermont that New York State is now closer to replacing the current Tappan Zee Bridge with a new, $5.2 billion span.
The governor's announcement came hours after a unanimous vote by the New York Metropolitan Transportation Council (NYMTC) to officially incorporate the project into the council's plan.
"Today we are one step closer to building a new, safer bridge that will revitalize the Hudson Valley by creating thousands of jobs," Cuomo said at the 1 p.m. gathering in Flywheel Park.
More than 100 residents and local, state and federal lawmakers gathered downtown, overlooking the Tappan Zee Bridge to the north and local marinas.
After a brief speech, Cuomo signed a letter to U.S. Secretary of Transportation Ray LaHood, applying for billions of dollars in TIFIA federal loans to help finance the new span.
"The next step is going to Washington to get funding, so we can build the bridge and make tolls affordable," Cuomo said. "After over a decade of delay caused by political dysfunction, this letter demonstrates that we are making real progress towards constructing a stronger, transit ready bridge."
When asked what financing would be in place should the state be declined federal funds, Cuomo was terse.
"I'm an optimist," he said. "They're going to say yes."
Cuomo noted the importance of mass transit, a component local residents and officials have long been asking for.
"The future of transit isn't people getting into cars and driving," Cuomo said. "It's mass transit. Period."
The new span is slated to house a dedicated bus transit lane during rush hour.
The governor recently blasted the proposed $14 toll hike in 2017 as excessive, but did not cite a specific figure that he would like to see—he only advocated a decrease.
From the New City Patch (8/20/12) Cuomo said the sluggish push to build a new bridge over the past 13 years has been time—and taxpayer money—squandered.
"We decided to waste millions," he said. "We decided to put people through traffic and congestion and pollution. It was a failure of leadership, a failure of government."
NYMTC member and Rockland County executive C. Scott Vanderhoef voted alongside others this morning. Late last week, Vanderhoef and lawmakers from Westchester and Putnam counties announced their decision to vote 'yes.'
Vanderhoef said he is pleased to support the project on the heels of Cuomo's assurances that the new bridge is to include mass transit capabilities.
"The governor should be given great credit for making it transit compatible," Vanderhoef said. "I am very pleased to be supportive."
Vanderhoef also said the federal government should assist New York with the financing of the new bridge connecting Westchester and Rockland.
"This new bridge will be safer for our drivers and built to last, and include a dedicated bus lane on day one," said assemblyman Ellen Jaffee, D-Suffern. "It will be a major economic driver for communities across the region, creating approximately 45,000 jobs."
Cuomo said the state expects to hear back about federal funding in the coming months.
HVEDC partners with Hudson River Ventures on strategic investments in Hudson Valley businesses
Fund targeting high-growth industries
NEW WINDSOR, N.Y. (April 26, 2012) - The Hudson Valley Economic Development Corp. (HVEDC) is partnering with an investment fund that will extend capital to businesses throughout the Hudson Valley.
Hudson River Ventures, LLC is a small business investment fund focused on the Hudson Valley. Founded by Sean Eldridge in 2011, Hudson River Ventures works to empower entrepreneurs and build thriving businesses throughout the Hudson Valley.
In partnership with HVEDC, Hudson River Ventures will make strategic investments, ranging from $50,000 to $500,000, in small businesses within its target industry sectors, including Food & Beverage, Tourism & Hospitality, Information Technology, and Biotech. HVEDC will help identify startup companies and existing companies who qualify for investment.
"In this current economic climate, small businesses are struggling to find capital. But there are entrepreneurs with bold ideas and growing businesses throughout the Hudson Valley that are smart investments, which is why I founded Hudson River Ventures," said Sean Eldridge, president of Hudson River Ventures. "I am thrilled to partner with HVEDC to invest in startup companies and existing businesses. Together, we will create jobs, strengthen communities, and build a more prosperous Hudson Valley."
"Corporate executives in the Hudson Valley have been telling us that access to capital is their most critical issue as they try to grow their business," said Mike Oates, President and CEO of HVEDC. "Sean and Hudson River Ventures is a most welcome addition to the tools available for economic development in our region. HVEDC is thrilled to be Hudson River Venture's partner. Sean will not only bring needed capital to our market but will also provide business expertise that will help position our region for growth."
To learn more about how to apply, contact Mike Oates, President and CEO, Hudson Valley Economic Development Corp., at firstname.lastname@example.org or 845-220-2244 or visit www.HudsonRiverVentures.com.
Sen. Charles E. Schumer: "Hudson River Ventures, in partnership with Hudson Valley Economic Development Corp., will be a new and unique catalyst for small businesses to grow and expand in the Hudson Valley all while creating new local jobs in this new economy. Sean Eldridge and Hudson River Ventures have a vision of helping Main Street businesses, tourism, food & beverage and high-tech ventures, which is exactly what we need in New York and I look forward to partnering with them and HVEDC to help create jobs and expand economic opportunities throughout the Hudson Valley. By creating this new investment and development fund, Sean will leverage public-private partnerships and give new and expanding Hudson Valley businesses all the tools they need to succeed and I look forward to working with his fund to strengthen the economy and the Hudson Valley and all of New York State."
Sen. Kirsten Gillibrand: "The investments made by Hudson River Ventures will help strengthen the regional economy by focusing on growing industries in the Hudson Valley. Investments in existing companies and startups in key markets including biotech and innovative technologies would create opportunities for sustained job growth."
Westchester County Executive Robert Astorino: "The Hudson River Ventures Investment Fund will provide a wellspring of financial resources to entrepreneurs thirsty for new sources of capital. We applaud Sean's efforts to invest in the Hudson Valley, and fill the widening gap between private industry's growing need for additional funding and government's ever-shrinking pool of public monies available for investment."
Rockland County Executive C. Scott Vanderhoef: "We wish Hudson River Ventures much success, and hope that they make significant investments in the lower Hudson Valley, particularly Rockland County. Last year 500 new jobs were created in Rockland, and in the coming months we look forward to working with successful organizations like Hudson River Ventures to encourage continued investment in companies that seek to expand or start-up in the county."
Dutchess County Executive Marc Molinaro: "The Hudson Valley has long been a leader in attracting entrepreneurs and innovation, and Hudson River Ventures will help ensure our region remains a leader."
Orange County Executive Edward A. Diana: "We welcome the opportunity to work with Hudson River Ventures as they contribute to advancing the region's economic attraction and retention efforts."
Ulster County Executive Mike Hein: "The business community of Ulster County and the entire Hudson Valley will be augmented by Hudson River Ventures' efforts to grow entrepreneurship, strengthen local companies and help create more jobs."
Putnam County Executive MaryEllen Odell: "Hudson River Ventures is affording 'entrepreneurs' the opportunity to grow or build a business in the Hudson Valley Region, by supporting their contribution to private public partnerships, we hope this will enhance economic development and, therefore, create jobs in the region.
Sullivan County Partnership President Allan Scott: "With access to capital becoming ever more challenging, we welcome Hudson Valley River Ventures as an integral partner in helping our regional growth industry sectors to grow and expand."
Scenic Hudson Ned Sullivan: "Across the country, job creation is hampered by cautious financial institutions and cash-strapped government agencies. Sean Eldridge is boldly stepping into this arena with the vision, courage and resources to revitalize the Hudson Valley's economy by investing in sustainable small businesses - with the most capable and effective partner - Mike Oates and HVEDC."
About Hudson River Ventures LLC: Hudson River Ventures, LLC is a small business investment fund focused on the Hudson Valley. Founded by Sean Eldridge of Garrison, N.Y., in 2011, Hudson River Ventures works to empower entrepreneurs and build thriving businesses throughout the Hudson Valley. Learn more at: www.hudsonriverventures.com.
About Hudson Valley Economic Development Corporation (HVEDC): HVEDC represents seven counties in Hudson Valley. This public-private partnership markets the region as a prime business location to corporate executives, site selection consultants and real estate brokers. HVEDC also helped start the branding and promotional effort for NY BioHud Valley. For more information on Hudson Valley Economic Development Corporation or to review available business sites, visit www.hvedc.com or call CEO Mike Oates at 845-220-2244.