08/11/2020 | Press release | Distributed by Public on 08/11/2020 07:50
AMSTERDAM, NY-Congressman Paul D. Tonkoannounced today that the Research Foundation for the State University of New York is being awarded $300,000through the Economic Development Administration to support revitalization of the Capital Region economy as it grapples with fallout from the ongoing COVID-19 crisis.
'Getting through this crisis and rebuilding our economy will take significant resources and prompt, thoughtful planning,' Congressman Tonko said. 'Making critical investments now help ensure our workers and businesses have the tools they need to stay afloat, continue to serve our Capital Region and stave off longer-term losses. Congratulations to the SUNY Research Foundation for this well-deserved award. I will continue fighting to ensure America's federal COVID-19 response rises to the urgency of the moment and enables our fellow Americans to weather this storm.'
'COVID-19 has forced businesses to transform their operations rapidly into online operations,' said Dr. Sanjay Goel, Professor of Information Security and Digital Forensics Department at the University at Albany. 'A lot of them are struggling with technology challenges, especially in ensuring information security of their operations. We have been helping small businesses during the transition to provide them support in both technology and information security challenges. This grant will help us accelerate the process and reach out to many more businesses.'
The CARES Act, advanced by the House in March, provides EDA with $1.5 billion for economic development assistance programs to help communities prevent, prepare for, and respond to coronavirus. University centers are required to implement these EDA grants by: