$20 million clean energy competition opens in Southern Tier
ALBANY – Innovative, clean-energy businesses looking to locate or create jobs in the Southern Tier can now apply for a $20 million competition intended for job creation and to attract entrepreneurs to the state’s 11-county region, including Chenango.
The 76West competition, administered by the New York State Energy Research and Development Authority, consists of $10 million earmarked for prize money, and $10 million for business support, marketing and administration.
The competition will run every year until 2019. Each year, a total $2.5 million in prizes will be allocated. Prizes consist a $1 million grand prize, one $500,000 award, and four $250,000 awards.
Counties eligible to participate include Chenango, Broome, Delaware, Tioga, Tompkins, Allegany, Cattaraugus, Chautauqua, Chemung, Schuyler, and Steuben.
Named for the longitudinal line that passes through the Southern Tier, 76West was created to breath new life into the Southern Tier region and promote the Governor’s “Reforming the Energy Vision” strategy to build a clean, resilient and affordable energy system across the state. It’s one of the largest clean-energy business competitions in the nation.
The aim is to jump-start New York’s clean energy sector and bring new opportunities to the state, Cuomo said on Sunday. The competition was modeled after 43North, a $5 million competition in western New York that drew applications from 11,000 registrants.
“As we saw with the 43North competition in Western New York, these efforts will build on the Southern Tier’s natural strengths and spur new innovations that will help strengthen the local economy and move the region forward,” he said.
According to NYSERDA, the competition will boost New York’s clean tech investment. The state is ranked in the top three states in the U.S. for clean tech patents.
NYSERDA says the competition will further develop clean energy in the Southern Tier by attracting innovators to commercialize technology that’s capable of having a big influence on clean energy tech development.
“The 76West competition is one more example of how New York State continues to lead the nation in supporting clean tech business, investment and research,” stated NYSERDA President and CEO John Rhodes. “76West promises to bring economic success and new opportunities to the Southern Tier, while helping New York State meet Governor Cuomo’s ambitious clean energy goals.”
The six 2016 winners with the best plan will be announced in July. The application deadline is March 15, with semifinalists to be selected in April and a smaller number of finalists to be selected in May.
If awarded, out-of-state recipients must move to, or create a substantial business presence in the Southern Tier and maintain that presence for at least two years.
The 76West competition, administered by the New York State Energy Research and Development Authority, consists of $10 million earmarked for prize money, and $10 million for business support, marketing and administration.
The competition will run every year until 2019. Each year, a total $2.5 million in prizes will be allocated. Prizes consist a $1 million grand prize, one $500,000 award, and four $250,000 awards.
Counties eligible to participate include Chenango, Broome, Delaware, Tioga, Tompkins, Allegany, Cattaraugus, Chautauqua, Chemung, Schuyler, and Steuben.
Named for the longitudinal line that passes through the Southern Tier, 76West was created to breath new life into the Southern Tier region and promote the Governor’s “Reforming the Energy Vision” strategy to build a clean, resilient and affordable energy system across the state. It’s one of the largest clean-energy business competitions in the nation.
The aim is to jump-start New York’s clean energy sector and bring new opportunities to the state, Cuomo said on Sunday. The competition was modeled after 43North, a $5 million competition in western New York that drew applications from 11,000 registrants.
“As we saw with the 43North competition in Western New York, these efforts will build on the Southern Tier’s natural strengths and spur new innovations that will help strengthen the local economy and move the region forward,” he said.
According to NYSERDA, the competition will boost New York’s clean tech investment. The state is ranked in the top three states in the U.S. for clean tech patents.
NYSERDA says the competition will further develop clean energy in the Southern Tier by attracting innovators to commercialize technology that’s capable of having a big influence on clean energy tech development.
“The 76West competition is one more example of how New York State continues to lead the nation in supporting clean tech business, investment and research,” stated NYSERDA President and CEO John Rhodes. “76West promises to bring economic success and new opportunities to the Southern Tier, while helping New York State meet Governor Cuomo’s ambitious clean energy goals.”
The six 2016 winners with the best plan will be announced in July. The application deadline is March 15, with semifinalists to be selected in April and a smaller number of finalists to be selected in May.
If awarded, out-of-state recipients must move to, or create a substantial business presence in the Southern Tier and maintain that presence for at least two years.
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