Katz Announces $67 Million For Local Economic Development Projects

December 8, 2011
Assemblyman Steve Katz (R,I-Yorktown) announced $67 million in Regional Economic Development Council awards for 61 projects in the Mid-Hudson Region. Among these were many significant projects that Assemblyman Katz had been a leading advocate for, including $1 million for the Paladin Homeland Security Project, $4 million for the biomedical incubator at New York Medical College and $5 million for San-Mar Manufacturing.

“All three of these vital projects will help redefine our region as a global leader in bio-medical and high-tech industries. Coupled with the six dozen other projects announced today, and the nanotech agreements announced this spring, there is a significant opportunity for the Mid-Hudson Region to not only rebound but to emerge even stronger for decades to come,” said Katz. “I am very proud to have been able to bring these projects to the attention of the governor and the regional council, and to have fought for them with local business leaders and officials. This has been truly an example of government cooperation at its best and, as a freshman lawmaker, I am especially proud to have delivered so much for the very deserving, hardworking men and women of the 99th Assembly District.”

In addition to the aforementioned projects, the Silarx pharmaceutical manufacturers will be receiving $952,757 and Global Fenestration Solutions, Inc., a window and insulation manufacturer, will receive $1 million for construction of a new state-of-the-art facility in Putnam County.

In addition to the Regional Economic Development Council announcements, Katz also applauded provisions of the tax reform legislation passed by the Assembly in the early hours of the morning. He said, “The bill was far from perfect, but it contained so many vital components for residents and employers in the 99th Assembly District. The funding to assist flood victims was imperative; although I am not sure it will be quite enough. The reduction of the Metropolitan Transportation Authority’s payroll tax is huge and the middle-class tax cut is also welcome news. Although I am pleased to have helped deliver these important and game-changing proposals, I do not feel that the bill went far enough. The MTA payroll tax should be completely rescinded for everyone and the tax breaks, while such an important first step, should not undermine the fact that Albany is still very much addicted to a ‘tax-and-spend’ mentality that is in desperate need of reform.”

“The news throughout the last 24 hours has certainly been welcome and good news for our region; but there is much more work that needs to be done. As I head into the new legislative session, I will continue to work with my colleagues to continue the focus on job creation and economic development as well as the dire need to reform Albany, reduce state spending, and eliminate the unfunded and antiquated mandates driving up property taxes all across our state,” said Katz.