More than $761 million in economic and community development funding, including monies for communities in the Greater Olean area, has been awarded through Round IX of the New York State Regional Economic Development Council initiative.

"Throughout the Regional Economic Development Council process over the past nine years, we have seen unprecedented regional investment focusing on a ground-up, strategic model that has spurred tremendous growth in every corner of this great state,” Gov. Andrew M. Cuomo, who announced the funding, said.

The recipients include:

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  • Town of Allegany: $287,000 to make upgrades to Town Hall to improve accessibility for disabled persons.
  • Olean Community Theatre: $200,000 to acquire and redevelop the Temple B'Nai Israel building at 127 S. Barry St. into to a state-of-the art theatre offering live performances.
  • Village of Portville: $30,000 to complete an engineering report that assesses infiltration and inflow to sources to the town's wastewater collection system and $50,000 to conduct an engineering evaluation of the town's Wastewater Treatment Facility and water system.

"By empowering local officials and stakeholders who know their communities best, we have transformed the state's economic development strategy into one that is not only successful, but is built to last," Lt. Gov. Kathy Hochul, chair of the Regional Economic Development Councils, said.

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