NEW YORK CITY - Empire State Developments Board of Directors has approved $22.9 million in funding for projects that will create 520 new jobs and retain more than 2,500. This funding will leverage more than $138 million in additional investments to support business growth, and lay the groundwork for future economic growth and job creation.
The board approved the following Regional Council Capital Fund grant for the north country:
Slic Network Solutions (North Country Region – Franklin and Hamilton counties) – $596,000
Formed in 1995, Slic Network Solutions is an internet service provider of broadband voice and data services. Over the last two decades, the company has successfully developed, installed and managed last-mile fiber networks providing high-speed internet and voicedata services to underserved north country communities.
In keeping with their mission of serving the residents the north country, the company will design, supply, and install 25 miles of internet fiber cable and related infrastructure network equipment between Tupper Lake in Franklin County and Long Lake in Hamilton County.
As part of the Governors Regional Economic Development Council Initiative, SLIC was awarded $596,000 toward its $697,758 total through the Consolidated Funding Application process. The project will be completed in August 2013.