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Western New York Regional Economic Development Council Announces Consolidated Funding Application Workshops

(May 09, 2012)

Western New York Regional Economic Development Council Announces Consolidated Funding Application Workshops

Public Forums to learn about the CFA process and how to access up to $750 million in economic development funding from agency programs through one application.

The Western New York Regional Economic Development Council (WNYREDC) has announced the launch of Consolidated Funding Application (CFA) workshops for the second round of Governor Andrew M. Cuomo’s initiative to stimulate job creation and economic growth through the Regional Economic Development Councils.

As a result, the Consolidated Funding Application is now open to applicants across the five-county Western New York region, which includes Allegany, Cattaraugus, Chautauqua, Erie and Niagara counties. 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.

The schedule for Western New York CFA Workshops includes:

Buffalo – Buffalo State College, Bulgar Hall
May 15, 2 to 5 p.m.

Niagara Falls – Conference Center Niagara Falls
June 7, 8:30 to 11:30 a.m.

Jamestown – Jamestown Community College
June 7, 2 to 5 p.m.

The second Regional Council competition will focus on the implementation of each region’s strategic plan and identifying and investing in locally significant priority projects. The WNYREDC is keenly interested in identifying as many quality projects as possible across the region that also are consistent with the region’s strategic plan (which can be found at http://regionalcouncils.ny.gov/content/western-new-york).

“Through these workshops we are introducing the tools and methods for our local businesses to grow and succeed in Western New York,” said Satish K. Tripathi, president of the University at Buffalo and WNYREDC co-chair. “We will do everything we can to bring forward strong projects that are consistent with our regional vision and strategies to create good jobs, a dynamic economy and quality communities.”

“Governor Cuomo has streamlined and expedited the process for local economic development projects to access multiple state funding sources through just one application,” said Howard Zemsky, Managing Partner at Larkin Development Group and WNYREDC co-chair. “Now, we encourage potential applicants to get involved and learn more about the process through three workshops hosted in Western New York communities as the council looks to collect strong applications that will advance our region’s economic vision and strategies.”

Last year, Governor Cuomo announced the creation of ten Regional Economic Development Councils to transform New York’s approach to economic development. The Regional Councils exceeded all expectations and redefined the way New York invests in job creation. To build on that success and keep the momentum going, Governor Cuomo has launched a second round of $750 million in economic development funding, including $220 million to implement regional strategic plans and support priority projects – $150 million in capital and $70 million in tax credits from the Excelsior Jobs Program – and over $530 million from state agency programs through the CFA to support regionally significant economic development projects.

As part of the Regional Council initiative, the NYS Consolidated Funding Application (CFA) was created to serve as the single application economic development projects must complete to be eligible to access the state resources that have been made available to support the Regional Councils. The CFA allows an applicant to access multiple funding sources from dozens of existing programs through one comprehensive, web-based application, making it quicker and easier to receive funding.

For the second round, the CFA will provide access to economic development resources from 21 programs across a dozen state agencies. Improvements to the CFA in 2012 have made it an even more business-friendly and productive tool for economic development. It will remain the primary portal for businesses to access state agency resources, including resources for community development, direct assistance to business, waterfront revitalization, energy and environmental improvements, sustainability, workforce development, agricultural economic development and low-cost financing.

The workshops will start in the third week of May and run through the end of June at over a dozen locations across the state, covering all ten regions. 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.

State agencies and authorities making resources available in the 2012 CFA include: Empire State Development; NYS Canal Corporation; NYS Energy Research and Development Authority; NY Power Authority; Environmental Facilities Corporation; Homes and Community Renewal; Department of Labor; Parks, Recreation and Historic Preservation; Department of State; New York Power Authority; Agriculture and Markets; Department of Environment Conservation; and the Council on the Arts. Applicants must submit their CFA by July 16, 2012.

In addition, the New York Power Authority and Economic Development Power Allocation Board (EDPAB) will be using the CFA to implement “Recharge New York,” a new, low-cost power program for New York businesses and not-for-profits. NYSERDA will continue to accept applications to its open enrollment programs until all funds have been exhausted

Once the CFA is submitted by the applicant, it goes to the local Regional Council to be reviewed and ranked as part of its strategic planning process.

Application materials are available online at http://nyworks.ny.gov.

“A Strategy for Prosperity in Western New York,” the WNYREDC’s comprehensive, strategic plan to create a more dynamic and sustainable economy for the region and its citizens, identifies three fundamental opportunities to strengthen: job readiness, smart growth and entrepreneurship. The strategy also puts forth ways to capitalize on opportunities in eight economic sectors where Western New York has advantages to build on: advanced manufacturing, agriculture, bi-national logistics, energy, health and life sciences, higher education, professional services and tourism.

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