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Governor Hochul Announces FY 2023 Investments to Expand Economic Opportunity – ny.gov

Governor Kathy Hochul today announced economic development highlights of the FY 2023 Budget. The historic plan makes bold investments to expand economic opportunity for all New Yorkers. These funds will, among others things, driv…….

Governor Kathy Hochul today announced economic development highlights of the FY 2023 Budget. The historic plan makes bold investments to expand economic opportunity for all New Yorkers. These funds will, among others things, drive internet connectivity for all, help reinvigorate and support small businesses, revitalize downtown areas around the state, make substantial commitments to job training and workforce development, and help minority and women owned businesses.

“This once-in-a-generation Budget will help us build a stronger, fairer economy for all New Yorkers as we emerge from the pandemic,” Governor Hochul said. “We are investing in the industries of the future, the job skills training New Yorkers need to succeed, the small businesses that are the backbone of our economy, and the digital infrastructure needed today, and I thank the legislative leaders for their efforts to ensure a recovery that reflects the full diversity of New York’s economy.”

The State Budget commits to investments that will transform the state’s digital infrastructure. The over $1 billion ConnectALL initiative — the largest ever investment in New York’s 21st century infrastructure — will leverage public and private investments to connect New Yorkers in rural and urban areas statewide to broadband and establish the first municipal broadband program of its kind in the nation. The State’s unprecedented investment in this vital infrastructure will help deliver affordable broadband to millions of New Yorkers as well as boost economic growth and local innovation far into the future.</…….

Source: https://www.governor.ny.gov/news/governor-hochul-announces-fy-2023-investments-expand-economic-opportunity

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