Funding is for economic development initiatives and projects that create or retain jobs, generate increased economic activity and improve the economic and social viability and vitality of local communities. It's objective is to create or retain jobs, generate increased economic activity and improve the economic and social viability and vitality of local communities. The Empire State Economic Development Fund is flexible, providing a range of assistance to ensure that the state is meeting the diversity of business needs. The program cap is: $62,360,000.
For-Profit Business; Local Government; Non-Profit Organization
Eligible Recipients Detail:
Eligible applicants include for-profit businesses; not-for-profit corporations; business improvement districts; local development corporations; public benefit corporations (including industrial development agencies); economic development organizations; research and academic institutions; incubators; technology parks; municipalities; counties; regional planning councils; tourist attractions; and community facilities.
Broadband Development Planning; General Infrastructure; Last Mile Infrastructure; Digital Skills Training; Building Infrastructure
Eligible Purpose Detail:
Funds can be used for:
Acquisition or leasing of land, buildings, machinery and/or equipment; Acquisition of existing business and/or assets; Demolition and environmental remediation; New construction, renovation or leasehold improvements; Acquisition of furniture and fixtures; Planning and feasibility studies; Site and infrastructure development; Inventory; Training; Soft Costs; Working Capital; Marketing and Advertising