As part of New York State's transformative plan to improve the economic development model, a NYS Consolidated Funding Application (CFA) has been created that will streamline and expedite the grant application process.
New York Forward Loan Fund (NYFLF) is a new economic recovery loan program aimed at supporting New York State small businesses, nonprofits and small landlords as they reopen after the COVID-19 outbreak and NYS on PAUSE.
SUNY Oswego President Deborah Stanley Name New CNY REDC Co-Chair
The Central New York Regional Economic Development Council (CNYREDC) today announced that Deborah F. Stanley, President of the State University of New York at Oswego, has been appointed Co-Chair of the Council. Stanley succeeds Dr. Danielle Laraque-Arena.
New York State is participating in the new Opportunity Zone community development program, offered through the Tax Cuts and Job Acts of 2017. The federal program encourages private investment in low-income urban and rural communities.
Central New York Regional Economic Development Council (REDC)
CNY REDC is a key component to State investment and economic development. We are a public-private partnership made up of local stakeholders, who have helped our region secure over $615 million in state funding.
A primary role of the CNY REDC is to create a regional strategic plan and provide a written update every year. Learn more about Central New York strategies and progress below. Click here to access all of the Central New York progress reports.
On April 9, 2018 GENIUS NY, a year-long business accelerator focused on Unmanned Aerial Systems software, hardware, and analytics, awarded investments as part of the program’s second round during an...
The Downtown Revitalization Initiative (DRI) is a comprehensive approach to boosting local economies by transforming communities into vibrant neighborhoods where the next generation of New Yorkers will want to live, work and raise a family. In its fourth year, the program will invest $100 million into 10 additional downtown neighborhoods across the state. Each of the State's ten Regional Economic Development Councils (REDCs) will solicit applications and choose one downtown that is ripe for revitalization and has the potential to become a magnet for redevelopment, business, job creation, greater economic and housing diversity, and opportunity.