Governor Andrew M. Cuomo today announced that Cheryl A. Moore, President and Chief Operating Officer of the New York Genome Center, was appointed Co-Chair of the New York City Regional Economic Development Council.
“The New York City Regional Economic Development Council has done tremendous work to attract new companies and private investment,” Governor Cuomo said. “I am proud to appoint Cheryl A. Moore to the Council where she will further that progress and help the local economy continue to grow and diversify.”
“I am honored to be appointed by Governor Cuomo to serve as Co-Chair of the New York City Regional Economic Development Council,” said Cheryl A. Moore. “I look forward to working closely with my Co-Chair, Winston Fisher, and the Council’s members to bring new investment into New York City and continue to strengthen the regional economy where I live and work.”
“We welcome Ms. Moore and her wealth of experience to the New York City Regional Economic Development Council,” said NYC REDC Co-Chair Winston Fisher. “Her leadership will be an important addition to our work implementing our strategic plans for New York City’s long-term economic success.”
“I have come to know Cheryl Moore through her exceptional leadership at one of our State’s real treasures, the New York Genome Center,” said Lieutenant Governor Kathy Hochul, Chair of the Regional Economic Development Councils. “I’m confident she will bring the same energy and commitment to her new role, overseeing the allocation of millions of economic development dollars. New York City will be well-served as she joins Winston Fisher to co-chair the economic future of the region.”
Prior to joining the New York Genome Center as President and COO in January, Moore served for six years as Executive Vice President and Chief Operating Officer of the Howard Hughes Medical Institute, where she led the collaborative strategic initiatives and oversaw key operational functions. From 2004 until 2010, Moore served as the founding Chief Operating Officer of HHMI’s Janelia Research Campus, an innovative research hub in Northern Virginia, where she played a pivotal role in Janelia’s startup.
Moore has diverse experience as both a founder and change leader in the for-profit and nonprofit arenas. Throughout her career, she has applied these skills across organizations at differing levels of maturity in the fields of healthcare, technology, biomedical research, and financial services, bringing more than 20 years of strategic executive experience in collaborative leadership involving some of the world’s highest-performing scientists and physicians. Additional information on Moore’s background is available here.
Under the leadership of Governor Cuomo, New York State is empowering regional economies to maximize their potential with an innovative, bottom-up approach through the Regional Economic Development Councils. The New York City REDC is one of 10 Regional Councils throughout the state. Through the first five rounds of the REDC initiative, the New York City region has been awarded $320.2 million in state economic development assistance. Funded projects will create and retain 29,551 jobs and leverage more than $3.4 billion in private and other public investment. The results of Round VI will be announced later this year. In addition, since 2012, the REDC Executive Committee has endorsed approximately 110 Empire State Development incentive offers for projects with a projected value of over $3.5 billion that will create and retain nearly 80,000 jobs.
The NYC REDC recently submitted its 2016 Progress Report to Empire State Development, meeting the October 3 deadline. The report details the Council’s progress implementing its comprehensive Strategic Plan, which was first developed in 2011. The report recommends 24 priority projects to advance the region’s growth objectives, and economic development strategies and initiatives. These projects represent a total proposed state investment of $25 million, which would leverage $151.6 million in private and other funding for total project expenses of more than $176 million. Collectively, the endorsed priority projects for Round VI would support the creation of 1,601 new jobs and 11,736 indirect jobs, as well as the retention of 11,293 existing jobs.
