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Capital Region Economic Development Council Announces Consolidated Funding Application Workshops

Public forums will provide overview of the CFA process and how to access up to $750 million in economic development funding from State agency programs through one application
(May 09, 2012)

Capital Region Economic Development Council Announces Consolidated Funding Application Workshops

The Capital Region Economic Development Council (CREDC) announced the schedule for 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.

The Capital Region CFA workshops will be held in Albany, Hudson and Queensbury, with the first forum held Monday, May 21 at the Empire State Plaza. 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.

This second round of $750 million in economic development funding, includes $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 more than $530 million from state agency programs through the CFA to support regionally significant economic development projects.

The CFA provides a single point of 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 is the primary portal to apply for state agency 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 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 energy efficiency programs until all funds have been exhausted.

The CREDC is working to identify as many quality projects as possible across the region that further the goals of the region's strategic plan, found at www.capitalregionopenforbusiness.com. 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 applicable state agencies.

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

Schedule for Capital Region CFA Workshops:

Albany - Empire State Plaza
Monday, May 21, 10:00am-12:30pm

Hudson - Columbia-Greene Community College
Tuesday, June 19, 2:00pm-4:30pm

Queensbury - Adirondack Community College
Friday, June 22, 9:30am-12:00pm

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