Round XIII of New York’s Regional Economic Development Council (REDC) Initiative is now underway. Funding is available for job creating businesses, municipalities, and not-for-profits from 30 programs through the CFA process. Round XIII includes core capital grant and tax-credit funding combined with a wide range of programs from 10 State agencies, including $150 million in grant funds from Empire State Development, available to projects on a continuous basis.
New this year, two new micro programs will award capital grants to support New York State craft beverage manufacturers and non-profit organizations, and a new $30 million Challenge competition will award $10 million to up to three regions to implement creative solutions to tackle persistent barriers to economic growth.
Up to $5 million will be available through the Craft Beverage Micro Grant Program, designed to increase the production capacity, business infrastructure and profitability of businesses licensed to produce wine, beer, spirits, hard cider and mead in New York State. Grants ranging from $25,000 to $50,000 would support equipment purchases and facility upgrades.
Up to $5 million will be available through the Not-for-Profit Capital Grant program, which will award matching funds grants to not-for-profit organizations who provide economic and community benefits in their region to assist with facility improvements and upgrades. Grant awards would range from $25,000 to $100,000.
The 2023 REDC Guidebook and a list of additional resources available to REDC Members are accessible here. The CFA is available here; the deadline for applications is Friday, July 28 at 4 p.m. Open enrollment programs are not subject to the July 28 deadline and will continue to accept applications on an ongoing basis until funds are exhausted.
The Greene County Economic Development Corporation stands ready to provide technical assistance with project applications to organizations within Greene County. Contact James Hannahs by eMail at email@example.com or by phone at 518-719-3290
The REDC process continues to support and empower regional stakeholders in developing strategic plans and funding priorities that meet local economic needs. To date, through the REDC Initiative, more than $7.7 billion has been awarded to more than 9,500 job creation and community development projects consistent with each region’s strategic plan.
Greene County is in the Capital Region and part of the ten Regional Councils that also include: Central New York, Finger Lakes, Long Island, Mid-Hudson, Mohawk Valley, NYC, North Country, Southern Tier and Western New York.