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

Public Forums to describe the CFA process and how to access up to $750 million in economic development funding from agency programs through one application
(May 10, 2012)

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

The Central New York 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 process. The schedule for CFA Workshops in the Central New York Region includes:

Cortland
SUNY Cortland – May 18, 2012

Oswego
SUNY Oswego – May 30, 2012

Syracuse
Onondaga Community College – June 13, 2012

"Thanks to the input of hundreds of partners, sound strategies and strong priority projects, the Central New York Regional Economic Development Council created a strategic plan last fall that puts our region on solid footing to achieve economic growth," said Robert Simpson, president of CenterState CEO and co-chair of the CNYREDC. "This second round of available funding is an opportunity to advance our strategic priorities and provide the region's most promising initiatives with resources to help them move forward."

"The Consolidated Funding Application Workshops are a critical component of the regional economic development planning and public participation process," said Nancy Cantor, Chancellor & President of Syracuse University and co-chair of the CNYREDC. "Collaboration across sectors is one of Central New York's signature strengths, and these workshops are where that collaboration all starts. This is where ideas that are consistent with our regional framework start to become winning strategies that will drive our regional economy forward."

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 Central New York Regional Economic Development Council includes Cayuga, Cortland, Madison, Onondaga and Oswego Counties.

The Central New York Regional Economic Development Council (CNYREDC) is interested in identifying as many quality projects as possible across the region that also are consistent with the region's strategic plan, which includes strengthening targeted industry concentrations that leverage unique economic assets, improving competitiveness in, and connections to, the regional, national, and global economies and revitalizing our region's urban cores, main streets, and neighborhoods.

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

Schedule for CFA Workshops in the Central New York Region:
*All events will take place from 1p.m—3:30pm

May 18, 2012
SUNY Cortland
38 Graham Avenue
Cortland, New York 13045
Register here

May 30, 2012
SUNY Oswego – Lanigan Hall
7060 New York 104
Oswego, New York 13126
Register here

June 13, 2012
Onondaga Community College – Storer Auditorium
4585 West Seneca Turnpike
Syracuse, New York 13215
Register here

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