We are thrilled to announce the investments that Governor Hochul’s FY 2024 Executive Budget will bring to the Southern Tier region of New York. This budget is a strategic plan that aims to promote economic growth and prosperity in the region. With an allocation of over $500 million, this budget will create jobs, expand infrastructure, and enhance the overall quality of life in the Southern Tier.
Investments in Infrastructure
The Governor’s budget includes $100 million in funding for Upstate Airport Economic Development and Revitalization Competition, which will enable the airports to improve their facilities and attract more airlines, businesses, and tourists to the region. Additionally, the budget allocates $25 million for broadband expansion, which will improve internet connectivity in rural areas and allow businesses to access new markets.
Investments in Job Creation
The Southern Tier region will benefit from the $12 million that has been allocated to the Workforce Development Institute. This funding will enable businesses to train and hire workers with the necessary skills for high-demand jobs in the region. The budget also includes $30 million in funding for the Downtown Revitalization Initiative, which will stimulate local economies and create new job opportunities.
Investments in Education
The Governor’s budget includes $15 million for the Smart Schools Bond Act, which will provide funding for technology and infrastructure improvements in schools. This investment will equip students with the skills they need to succeed in today’s digital age and prepare them for the jobs of the future.
Investments in Healthcare
The Southern Tier region will benefit from the $25 million that has been allocated to the Health Care Transformation Fund. This funding will enable healthcare providers to invest in new technologies and services that will improve patient care and health outcomes.
Conclusion
Governor Hochul’s FY 2024 Executive Budget is a bold and strategic plan that will bring significant investments and opportunities to the Southern Tier region of New York. With a focus on infrastructure, job creation, education, and healthcare, this budget will foster economic growth and prosperity in the region. We are confident that these investments will enhance the overall quality of life for residents and attract new businesses and tourists to the area.