Mohawk Valley Regional Economic Development Council Announces Consolidated Funding Application Workshops
The Mohawk Valley Regional Economic Development Council today 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.
To maximize participation in the process and to ensure high-quality applications, public workshops will be held in each region of the state to explain the programs and eligibility standards, as well as recent improvements to the CFA application process. The schedule for CFA Workshops in the Mohawk Valley Region includes:
Utica - Information Technology Building at Mohawk Valley Community College
Monday, May 14, 2 to 4:30 p.m.
Johnstown - Fulton-Montgomery Community College, Communications and Visual Arts Building
Thursday, May 24, 2 to 4:30 p.m.
Oneonta - SUNY Oneonta, Hunt Ballroom
Thursday, June 14, 3 to 5:30 p.m.
“We want to do everything we can to bring forward robust projects that are consistent with our regional vision and strategies to create good jobs and to revitalize our region’s communities,” said Bjong Wolf Yeigh, president of SUNY IT and Co-Chair of the MVREDC.
“Assembling strong, compelling applications is key to attracting the resources we need to bring our strategic plan to life and to helping businesses and communities to flourish in the Mohawk Valley Region,” said Larry Gilroy, president of Gilroy Kernan & Gilroy Insurance Inc. and Co-Chair of the MVREDC.
Last year, Governor Cuomo announced the creation of 10 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 up to $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.
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 apply for 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.
State agencies and authorities making resources available in the 2012 CFA include: Empire State Development; NYS Canal Corporation; NYS Energy Research and Development Authority; New York Power Authority; Environmental Facilities Corporation; Homes and Community Renewal; Department of Labor; Parks, Recreation and Historic Preservation; Department of State; Agriculture and Markets; Department of Environment Conservation; and the Council on the Arts. Applicants must submit their CFAs 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 for its open enrollment energy efficiency 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. The Mohawk Valley Regional Economic Development Council includes Fulton, Herkimer, Montgomery, Oneida, Otsego and Schoharie counties.
The Mohawk Valley Regional Economic Development Council (MVREDC) 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 www.nyworks.ny.gov/content/mohawk-valley).
The MVREDC also wants to know how it can better assist potential applicants and has prepared a short questionnaire for that purpose. The questionnaire can be completed at www.nyworks.ny.gov/content/mohawk-valley.
Application materials are available online at http://nyworks.ny.gov.
Schedule for CFA Workshops in the Mohawk Valley Region:
- May 14, from 2 to 4:30 p.m. in the Information Technology Building at Mohawk Valley Community College, 1101 Sherman Drive, Utica. Parking is available between the Gym and Payne Hall.
- May 24, from 2 to 4:30 p.m. in the theater of the Communications and Visual Arts Building at Fulton-Montgomery Community College, 2805 State Highway 67, Johnstown.
- June 14, from 3 to 5:30 at Charles W. Hunt College Union in the Hunt Ballroom at SUNY Oneonta, 108 Ravine Drive, Oneonta.