Gov. Andrew Cuomo wants to invest $1.5 billion to help the struggling upstate economy, but there’s a catch -- regions will have to compete for the money.
Cuomo says his budget plan will include an upstate revitalization fund, but it won’t be distributed to all of the state’s economically depressed regions. Instead, the seven regions will be competing for a share of the funds. The rules are: only three will receive grants of $500 million each.
“Why the competition?” Cuomo asked rhetorically. “Because I believe in competition.”