Economic Development Purposes Grants (up to $19.2 million)
Available 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.
ELIGIBLE APPLICANTS:
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.
ELIGIBLE PROJECT TYPES:
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
CONTACT/ADDITIONAL PROGRAM INFORMATION:
For more information, eligible applicants should contact Edwin Lee at Empire State Development, 633 Third Avenue, New York, New York, 10017, call (212) 803-3618 or visithttp://www.empire.state.ny.us/BusinessPrograms.html.
