4/1/2016 - Chamber Reviews 2016 State Budget
CHAMBER REVIEWS RESULTS OF 2016 STATE BUDGET - -
The North Country Chamber of Commerce is welcoming several elements of the final 2016 State Budget now moving through approval in Albany.
"We certainly welcome several elements of the budget related to the North Country. Foremost among these is the $125 million for SUNY Polytechnic for the Norsk Titanium project in Plattsburgh, a huge economic development advance we have worked with the state and the company toward achieving for two years. It's now full speed ahead with hopefully an official announcement soon that will allow us to reveal the exciting details of a project which will put our area at the forefront of 21st century technology and add aerospace manufacturing to our growing transportation equipment cluster."
"We also welcome the long awaited adoption of a five year, $27 billion capital plan for the MTA," states Douglas, "which will release contract opportunities over the next few years for our transportation equipment companies, including Bombardier, Nova Bus and Prevost, with like funding over the same period for upstate transportation infrastructure including roads, bridges and, importantly for us, airports."
Douglas says the North Country Chamber is also welcoming other specific appropriations in the final budget, including $12 million for Trudeau Institute in Saranac Lake, supporting the next phase of its partnership with Clarkson University, and $7 million in new capital for ORDA for needed upgrades of the sports facilities. "We are also pleased that $750 million is provided for a sixth year of economic development investment through the Regional Economic Development Council, and $50 million to the North Country for URI projects we put forward last year which were not funded." he said. "This approach has continued to work very well for our region and we will do well again this year."