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Region gets top economic development award


The Rochester-Finger Lakes region is getting $96.2 million in economic development funding and incentives.

The funding was announced today as part of the state regional economic development council awards ceremony. The money is being routed through the Finger Lakes Regional Economic Development Council, which is receiving the largest award of any of the nine other councils across the state.

The award includes funding and incentives to help the council implement its strategic plan, which it developed in 2011. It also includes money from state agencies.

The award will be directed to 76 projects, though the state highlighted only a few in a press release sent out this afternoon. The awards include $5 million for a health computing collaborative between University of Rochester and IBM; $5 million for RIT's Golisano Institute for Sustainability to purchase equipment; $4 million for the redevelopment of Midtown Tower; $4 million for University of Rochester's College Town development; $2 million for a regional small business revolving loan fund; and $600,000 to aid a Monroe Community College job training program.

Absent from the press release is any mention of Eastman Business Park, which the council and local officials consider to be the top economic development priority.