ECONOMIC DEVELOPMENT PROGRAMS
The CWC’s Economic Development Programs are intended to support environmentally responsible businesses and to create and retain jobs in the Catskills Region. They are intended to help offset impacts of New York City Watershed regulations and the City’s acquisition of thousands of acres of land which will remain permanently off limits to development.
The cornerstone of the CWC’s efforts in the West-of-Hudson (WOH) Watershed is the Catskill Fund for the Future (CFF), a revolving fund initially capitalized, in 1997, by a $59.7 million appropriation by New York City. This fund is invested and wholly managed by the CWC. An economic development study, prepared in 1998 for the CWC by consultants Hamilton, Rabinovitz and Alschuler (HR&A) served as a guidance document for establishment of loan, grant and tourism promotion programs funded through the CFF.