ESDC Leverages $354M

The Empire State Development Corp.’s board of directors approved funding totaling $11.1 million last week, leveraging more than $354 million in investment across New York State.

The board, meeting in New York City on Thursday, awarded GE Aviation Working Capital of Suffolk County $6.4 million and Regeneron Pharmaceuticals Capital of Westchester County $4 million from the Economic Development Fund, among other projects.

The next meeting is tentatively scheduled for the third week in September.

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