Economic Development Council

Tech plays center stage in latest funding contest

With visions of a thriving innovation economy front and center, Long Island business and academic leaders are shooting for $105 million in commercialization funds through the annual Regional Economic Development Council competition. The Long Island council, comprised of more than 20 businesspeople and academicians appointed by Gov. Andrew Cuomo, pored over 254 applications from Nassau and Suffolk companies, governments and nonprofits – the highest number of applications since the contest launched on 2011 – to determine…