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Long Island 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
(May 08, 2012)

Long Island Regional Economic Development Council Announces Consolidated Funding Application Workshops

Long Island Regional Council 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.

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.

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.

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; 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 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.

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

Schedule for CFA Workshops:

Date: Tuesday, May 22, 2012 - 2:00pm - 4:30pm
Region: Long Island
Details: Consolidated Funding Application (CFA) Workshop
Adelphi University
Ruth S. Harley University Center - Multipurpose Ballroom
1 South Avenue
Garden City, NY 11530-0701
Directions
Adelphi University Campus Map

Date: Tuesday, June 5, 2012 - 2:00pm - 4:30pm
Region: Long Island
Details: Consolidated Funding Application (CFA) Workshop
Farmingdale State College
Gleeson Hall
2350 Broadhollow Road
Farmingdale, NY 11735-1021
Directions
Farmingdale State College Campus Map

Date: Wednesday, June 20, 2012 - 1:00pm - 3:30pm
Region: Long Island
Details: Consolidated Funding Application (CFA) Workshop
Stony Brook University
Center for Global Studies & Human Development
400 Circle Road
Stony Brook, NY 11790-3404
Directions
Stony Brook Campus Map

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