New York Gov. Andrew Cuomo will play host to his latest event that will award about $750 million in job grants to 10 regions statewide.

The Economic Development Corp. event will dispense state tax breaks for new and expanding companies, borrowing authority and cash to the economic development proposals judged to have the most promise in each region. Most involve a partnership with existing companies and local colleges.

Wednesday’s event is exciting for local officials from around the state who learn whether they’ve won and how big a piece of the state economic development pie they will get.

Cuomo has taken the state’s annual economic development fund and set up 10 regional councils of local leaders to try to develop proposals that would work best for each area.

(AP)