Upstate New York was one of seven regions across the country chosen by the administration to participate in the JumpStart America initiative to accelerate innovation and entrepreneurship in order to create new jobs.
In the near future, a new Venture Development Organization (VDO), named “Launch New York” will be submitting their business plan to the EDA, initiating their application for the federal resources that will support job-growth and entrepreneurship under the Administration’s JumpStart America Initiative. If the “Launch New York” application and business plan is accepted by the EDA, a federally-supported JumpStart in New York could be a new job engine for the 27 counties in Upstate New York. In order to get off the ground, “Launch New York” has applied for approximately $1.2 million in federal support, and Schumer and Higgins are urging the EDA to provide that funding out of its 2012 budget.
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