Finger Lakes Regional Economic Development Council Announces Consolidated Funding Application Workshops
The Finger Lakes 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 Councils.
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.
The Finger Lakes Regional Council team will be hosting four CFA Workshops to provide more information on available assistance from numerous State agencies and guidance to successfully completing the application. These training workshops are open to local economic development officials, municipalities, non-profits, businesses and members of the public.
The workshops will take place at the following locations:
Geneva- May 15, 2012
Hobart and William Smith College, Scandling Center
Rochester- May 16, 2012
Memorial Art Gallery, M&T Ballroom
Batavia- May 23, 2012
Genesee Community College, Conable Technology Building
Rochester- June 18, 2012
Monroe Community College, Flynn Campus Center
Last year, Governor Cuomo created 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 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; 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 energy efficiency programs until all funds have been exhausted.
Once the CFA is submitted by the applicant, it goes to the Finger Lakes Regional Council to be reviewed and ranked as part of its strategic planning process. The plan can be found at http://nyworks.ny.gov/content/finger-lakes.
The Finger Lakes 5-year strategic plan for the region leverages its strategic advantages in academic research, workforce talent and high quality of life to position the area as a national leader and innovator in a diverse array of next generation technologies. The plan focuses on strategies that optimize business creation, retention and expansion; strengthens academic and industry partnerships; aligns workforce development efforts with the needs of key industry sectors; and invests in community and industrial development and infrastructure.
Application materials are available online at http://nyworks.ny.gov.