Capital Region Economic Development Council to Hold Consolidated Funding Application Workshops
The Capital Region Economic Development Council (CREDC) will hold two Consolidated Funding Application (CFA) workshops for potential applicants to learn more about the fourth round of Governor Andrew M. Cuomo’s initiative to stimulate job creation and economic growth through the Regional Economic Development Councils. The workshops will be held Friday, May 16 in Albany and Monday, June 2 in Hudson. In 2014, up to $750 million in economic development resources from 33 state agency funding programs will be available to applicants through the CFA.
Please register by visiting http://regionalcouncils.ny.gov/content/capital-region or calling
The CFA application period is now open to applicants across the eight-county Capital Region, which includes Albany, Columbia, Greene, Rensselaer, Saratoga, Schenectady, Warren and Washington counties. The deadline for CFA submissions is 4 p.m. on Monday, June 16th. CFAs will be reviewed by the CREDC based on their alignment with the Council’s strategic plan and will be reviewed on a technical basis by the State Agency Resource Team. The CFA is available at https://apps.cio.ny.gov/apps/cfa/.
The schedule for Capital Region CFA Workshops includes:
Friday, May 16 in Albany
11:30 a.m. to 2 p.m.
Empire State Plaza, Meeting Room 6
Albany, NY 12210
Monday, June 2 in Hudson
1 to 3:30 p.m.
Columbia-Greene Community College
Arts Center, Theater
4400 New York 23
Hudson, NY 12534
The workshops will include an overview of the application and CFA process followed by informational breakout sessions on specific areas of funding available for economic development projects.
About the New York State Consolidated Funding Application
As part of Governor Cuomo’s efforts to improve the state’s economic development model, a NYS Consolidated Funding Application (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. The CFA was recognized with a Special Award for Excellence in Business and Economic Development in 2012.
There are 33 programs available through 12 state agencies in 2014, 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.
The 2014 Available CFA Resources 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 on the REDC website.
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.gov.