Grant; Loan; Loan Guarantee
The Empire State Economic Development Fund (EDF) program offers financial assistance for projects that promote the economic health of New York State by facilitating the creation and or retention of jobs or the increase of business activity in the State. It's objective is to facilitate the creation and or retention of jobs or the increase of business activity in the State. EDF is a flexible program, providing a range of assistance to businesses, municipalities, IDAs and other economic development organizations to ensure that the diversity of business needs are being met by the State.
For-Profit Business; Local Government; Non-Profit Organization
Eligible Recipients Detail:
Eligible: 1) Businesses involved in industrial, manufacturing, warehousing and distribution 2) Research and development, high technology, service and other non-retail commercial enterprises 3) Not-for-profits 4) Local Development Corporations and Industrial Development Agencies 5) Municipalities
Broadband Development Planning; General Infrastructure; Last Mile Infrastructure; Digital Skills Training; Building Infrastructure
Eligible Purpose Detail:
EDF funds assist with:
-Construction, expansion and rehabilitation of facilities
-Acquisition of machinery and equipment
-Training full-time, permanent employees
Funds can be used for: Real Estate and Land Acquisition, Demolition, Construction and Renovations, Site and Infrastructure, Machinery and Equipment, Inventory , Construction Related Planning and Design, Training , Soft Costs, and Feasibility Planning Studies.