Downtown Revitalization Initiative

Governor Cuomo announced the fourth round of the initiative that will invest $100 million into 10 additional downtown neighborhoods across the state.

2018 Regional Economic Development Council Awards Booklet

Learn more about the $763 million awarded through Round VIII of the Regional Economic Development Council initiative.

Federal Opportunity Zones

Find out more about the Federal Opportunity Zones program.

Key Documents

These are key documents that our users find most helpful.

  • Children working on schoolwork together.

    2018 REDC Guidebook

    Learn more about the eighth round of REDC awards with up to $750 million to fund regional priority projects.
  • Overhead view of a manufacturing facility.

    2018 CFA Available Resources

    For Round VIII, there are over 30 programs available through 11 state agencies.
  • Bridge work being done.

    2018 Application Guide

    A step-by-step guide on applying through the Consolidated Funding Application (CFA).
  • $6.1 Billion

    Since 2011, the first year of the initiative, over $6.1 billion has been awarded to more than 7,300 projects.
  • 220 Thousand

    These projects are projected to create and retain more than 220,000 jobs statewide.

Through the Regional Economic Development Councils, we have replaced the ‘one-size fits all’ approach to economic growth with a ‘ground-up’ strategy that focuses on cooperation and investing in regional assets to generate opportunity.

- Governor Andrew M. Cuomo