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Empire State Development Outlines Resources Available Through The Consolidated Funding Application For REDC Round IV

State Agencies And REDCs Are Now Accepting Consolidated Funding Applications; Deadline For Submissions Is June 16th At 4 P.M.

May 02, 2014

Up To $750 Million In Economic Development Resources Available From 12 State Agencies And More Than 30 Funding Programs

Empire State Development (ESD) today announced that the state is now accepting Consolidated Funding Applications (CFA) from businesses, municipalities, not-for-profits and the public for Round IV of Governor Andrew M. Cuomo’s Regional Economic Development Council (REDC) initiative. The CFA serves as the single entry point for applicants to access up to $750 million in economic development funding available this year. The 2014 Available CFA Resource Manual, which outlines the funds available from 33 state agency programs, and the 2014 REDC Guidebook, which provides the competitive guidelines for this year, are both available at www.regionalcouncils.ny.govLink opens in new window - close new window to return to this page..

“We’re building on the success of the past three rounds of the Regional Economic Development Councils, continuing to invest in New York State’s future from the ground up,” said Lieutenant Governor Robert J. Duffy, Chair of the Regional Economic Development Councils. “Under Governor Cuomo’s leadership and vision, we are engaging with local economies and making a real difference for the business leaders within them. I’m looking forward to this next round of applicants that will go on to bolster economic development and job creation in communities all over the state.”

The REDC process has transformed economic development in New York State, creating a statewide framework for bottom-up regional economic growth and streamlining the state funding application process. Over $2 billion in investments from the past three rounds are supporting more than 2,200 projects that have already created or retained more than 100,000 jobs statewide.

New York State Consolidated Funding Application (CFA)

As part of Governor Cuomo’s efforts to improve the state’s economic development model, the New York State CFA was created to streamline and expedite the grant application process. The CFA process marks a fundamental shift in the way state resources are allocated, ensuring less bureaucracy and greater efficiency to fulfill local economic development needs. The CFA serves as the single entry point for access to economic development funding, ensuring applicants no longer have to slowly navigate multiple agencies and sources without any mechanism for coordination.

Now, economic development projects use the CFA as a support mechanism to access multiple state funding sources through one application, making the process quicker, easier, and more productive. In fact, the CFA was recognized with a Special Award for Excellence in Business and Economic Development in 2012.

Additionally, to maximize participation in the process and ensure high-quality applications, multiple public workshops will be held in each region of the state to explain the programs and eligibility standards, as well as recent improvements to the CFA application process. The full schedule of workshops is available on the Regional Council website.

The CFA was opened to applicants on May 1st and applications will be accepted until 4 p.m. on Monday, June 16th. The CFA is available at https://apps.cio.ny.gov/apps/cfa/Link opens in new window - close new window to return to this page..

Available Economic Development Resources

Detailed funding requirements and application guidelines for all 33 programs included in this year’s CFA are currently available online. There are 12 state agencies participating in Round IV, including Empire State Development; NYS Canal Corporation; NYS Energy Research and Development Authority; Environmental Facilities Corporation; Homes and Community Renewal; Department of Labor; Office of Parks, Recreation and Historic Preservation; Department of State; The New York Power Authority; Department of Environmental Conservation; The Office of Storm Recovery, and Council on the Arts. Specific funding amounts can be found below:

Direct Assistance to Business and Other Organizations: Up to $232.25 million

  • Empire State Development
    • Up to $150 million for ESD Grant Funds
    • Up to $70 million for Excelsior Jobs Program
    • Up to $1.25 million Innovation Hot Spot Program
    • Up to $1 million for ESD Grants for Strategic Planning and Feasibility Studies
    • Up to $10 million for Market New York

Community Development: Up to $49.7 million

  • New York State Council on the Arts
    • Up to $5 million for Arts, Culture and Heritage Projects
  • Homes and Community Renewal
    • Up to $25 million for New York State Community Development Block Grant Program
    • Up to $4 million for New York Main Street Program
    • Up to $200,000 for New York Main Street- Technical Assistance Program
  • Office of Parks, Recreation and Historic Preservation
    • Up to $15.5 million for Environmental Protection Fund Municipal Grants

Waterfront Revitalization: Up to $12.75 million

  • Department of State
    • Up to $11.75 million for Local Waterfront Revitalization Program
  • New York State Canal Corporation
    • Up to $1 million for the Canalway Grants Program

Energy: Up to $50 million

  • New York State Energy Research and Development Authority
    • Up for $50 million for Energy Efficiency Programs
  • New York State Power Authority
    • Up to 910 MW for Recharge New York

Environmental Improvements: Up to $14.6 million

  • Department of Environmental Conservation
    • Up to $2 million for New York State DEC/EFC Wastewater Infrastructure Engineering Planning Grant
  • Environmental Facilities Corporation
    • Up to $12.6 million for the Green Innovation Grant Program

Sustainability Planning and Implementation: Up to $35 million

  • New York State Energy Research and Development Authority
    • Up to $31 million for the Cleaner Greener Communities Phase II Implementation Grants
  • Department of State
    • Up to $4 million for Local Government Efficiency Grants

Education/Workforce Development: Up to $6 million

  • Department of State
    • Up to $1 million for Workforce Development Grants
  • Department of Labor
    • Up to $5 million for Workforce Development

Low Cost Financing: Up to $350 million

  • Empire State Development
    • Up to $350 million for Industrial Development Bond (IDB) Cap
  • Office of Storm Recovery
    • Resilience Fund Low-cost Financing Program

Additionally, a third round of funding for Governor Cuomo’s Cleaner, Greener Communities Program (CGC) will be included in Round IV of the REDC competition. The New York State Energy Research and Development Authority (NYSERDA) previously awarded approximately $1 million to each of the state’s 10 regions to develop regional sustainability plans outlining goals and strategies for overall sustainability, energy efficiency, and resiliency.

The third round of funding for the Cleaner, Greener Communities Program, while supporting the goals of the sustainability plans, has a renewed focus on projects capable of market transformation, and is offering $31 million in competitive grants for the implementation of innovative, community-based projects and planning initiatives that promote resiliency, greenhouse gas reduction and environmentally sustainable economic growth.

About the Regional Economic Development Councils

The Regional Economic Development Council initiative (REDC) is a key component of Governor Andrew M. Cuomo’s transformative approach to State investment and economic development. In 2011, Governor Cuomo established 10 Regional Councils to develop long-term strategic plans for economic growth for their regions. The Councils are public-private partnerships made up of local experts and stakeholders from business, academia, local government, and non-governmental organizations. The Regional Councils have redefined the way New York invests in jobs and economic growth by putting in place a community-based, bottom up approach and establishing a competitive process for State resources. After three rounds of the REDC process, more than $2 billion has been awarded to job creation and community development projects consistent with each region’s strategic plans, resulting in creation or retention of more than 100,000 jobs. For more information on the Regional Councils, visit www.regionalcouncils.ny.govLink opens in new window - close new window to return to this page.

Last Updated: 10/22/2014

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