Up to $750 million in economic development resources is available through one application
The Western New York Regional Economic Development Council met Thursday in Fredonia and made a final call for businesses, educational institutions, local governments, not-for-profit groups and other stakeholders across the five-county Western New York region to apply for state funding through the New York state consolidated funding application. Up to $750 million in economic development resources from 33 state agency funding programs is available.
The deadline for CFA submissions is 4 p.m. Monday, June 16. The CFA is available at https://apps.cio.ny.gov/apps/cfa/.
"We are looking for projects that create jobs, are ready to implement and will support the economic development priorities of our strategic plan for Western New York," said Satish K. Tripathi, president of the University at Buffalo and Regional Council co-chair. "Because of the governor's leadership, we have the tools and resources needed to invest in our future. And, with the inception of the new Regional Council approach and the CFA process, Western New York has invested millions in strategic projects that build on our unique strengths and are aligned with our region's priorities."
"The time is now for anyone interested in doing businesses in our five-county region to submit your consolidated funding application," said Howard A. Zemsky, managing partner at Larkin Development Group and Regional Council co-chair. "Momentum is building in our region thanks to Gov. Cuomo's Regional Council initiative and the CFA process, and we continue to build on our strengths, create jobs and invest in our future. We want as many as possible to get involved."
The Western New York region's 2011 strategic plan, "A Strategy for Prosperity," leverages the region's strategic advantages in key industry sectors, including advanced manufacturing, agriculture, binational logistics, energy, health and life sciences, higher education, professional services and tourism. The plan focuses on strategies that promote smart growth, prepare the workforce and foster a culture of entrepreneurship.
For found four of CFA funding, the WNYREDC is seeking applicants that not only reflect the priorities that are most important to address Western New York's opportunities and challenges, but will also create, retain or fill jobs; maximize return on investment; and are ready for implementation. CFAs will be reviewed by the WNYREDC based on their alignment with the council's strategic plan and will be reviewed on a technical basis by the applicable state agencies.
To read the full strategic plan, visit http://regionalcouncils.ny.gov/sites/default/files/regions/westernny/A_Strategy_for_Prosperty_WNY_Strategic_Plan.pdf. Applicants are also encouraged to reach out to the state agency resource team for technical assistance prior to submitting an application and to view the "2014 CFA Toolkit" on the WNYREDC website for tips and guidance.
As part of Cuomo's efforts to improve the state's economic development model, a state consolidated funding application was created to streamline and expedite the grant application process.
There are 33 programs available through 12 state agencies in 2014, including Empire State Development; NYS Canal Corp.; NYS Energy Research and Development Authority; Environmental Facilities Corp.; 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.
For more information on the Regional Councils, visit www.regionalcouncils.ny.gov.