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What is ESD Empire State Development (ESD) is the economic - PDF document

May 06, 2023 •298 likes •455 views

4/14/2017 Consolidated Funding Application, Grants Gateway, and Economic Development Programs 2017 4/14/2017 What is ESD Empire State Development (ESD) is the economic development arm for New York State. The mission of Empire State

  1. 4/14/2017 Consolidated Funding Application, Grants Gateway, and Economic Development Programs 2017 4/14/2017 What is ESD • Empire State Development (ESD) is the economic development arm for New York State. • The mission of Empire State Development is to promote a vigorous and growing state economy, encourage business investment and job creation, and support diverse, prosperous local economies across New York State through the efficient use of loans, grants, tax credits, real estate development, marketing and other forms of assistance. 2 ESD Incentives and Programs Economic Development Fund Market NY Tourism Grant Program Upstate Revitalization Initiative Restore NY Excelsior Jobs Program Craft Beverage Job Development Authority (JDA) Minority and Women Owned Business Direct Loan Program Investment Fund Linked Deposit Program Global NY Grant Fund Program Regional Economic Development Innovate NY Funds Council Strategic Planning and Feasibility NYS Film Tax Credit Studies Program NYS Certified Business Incubator and Start Up NY Innovation Hot Spot Program NYS Innovation Venture Capital Fund And MUCH more…. 3 3 1

  2. 4/14/2017 Regional Office The Capital regional office works hand-in-hand with new and existing businesses and local communities to help identify funding options to support important projects. Michael Yevoli Regional Director, Capital Region Arnie Will Deputy Director Linda Dillon Project Manager Heidi Pasos Empire State Development Economic Development Program Specialist 2 433 River Street, Suite 1003 Kathryn Bamberger Troy, NY 12180 Industrial Development Representative, Global NY (518) 270-1130 Shelley Leighton Secretary 4 What are the REDC’s • The Regional Economic Development Council initiative (REDC) is a key component of Governor Andrew M. Cuomo's transformative approach to State investment and economic development. In 2011, Governor Cuomo established 10 Regional Councils to develop long-term strategic plans for economic growth for their regions. The Councils are public-private partnerships made up of local experts and stakeholders from business, academia, local government, and non-governmental organizations. • The Regional Councils have redefined the way New York invests in jobs and economic growth by putting in place a community-based, bottom up approach and establishing a competitive process for State resources. 5 Capital Region Economic Development Council • The Capital Region Regional Economic Development Council (CRREDC) progress has centered on an integrated approach to growing its economy, specifically the regional cluster focused on the Commercialization of Research and Development. • Since 2011, the our region has been awarded $437 million to support 595 projects • The CRREDC has been names a top performer three times. 6 2

  3. 4/14/2017 The CFA Process • As part of Governor Cuomo’s transformative plan to improve the state’s economic development model, a NYS Consolidated Funding Application (CFA) has been created that streamlines and expedites the grant application process. The CFA process marks a fundamental shift in the way state resources are allocated, ensuring less bureaucracy and greater efficiency to fulfill local economic development needs. • Utilizing the CFA serving as the single entry point for access to economic development funding, applicants will no longer have to slowly navigate multiple agencies and sources without any mechanism for coordination. Now, economic development projects will use the CFA as a support mechanism to access multiple state funding sources through one application, making the process quicker, easier, and more productive. • The CFA system is also the mechanism for Upstate Revitalization Initiative (URI) project sponsors to submit applications. Application materials can be accessed through www.regionalcouncils.ny.gov. 7 Tentative Timeline Mid Summer Early Fall Late Fall Early May CFA Closes, 4 PM REDC Progress Report Round 7 Awards CFA Opens Sharp - No late Updates and Scores Ceremony submittals! Due 8 CFA Review and Scoring REDC Endorsement 20% 80% Agency Technical Review 9 3

  4. 4/14/2017 Grants Gateway • The New York State Grants Gateway serves as the primary outlet for State agencies to post upcoming and available funding opportunities. • The Portal offers a simple way to search for available and anticipated grant opportunities, download grant opportunities, and register to receive email notifications when specific types of grant opportunities are posted. Benefits • Simplify grants management • Streamline contract processes and standardize terms and conditions • Improve the effectiveness and accelerate performance of local grant programs • Improve compliance with State and Federal legal and audit requirements • Facilitate more timely payments to Not-for-Profits 10 Grants Gateway • Prequalification is a way for not-for-profits to interact more directly with State agencies before they compete for State contracts, enabling them to make adjustments and answer concerns prior to entering a competitive bid process. • Once registered with the Gateway, not-for-profits can fill out an online Prequalification Application. • The process is simple. The Application requests an upload of basic organizational documents and asks straightforward questions about a not-for-profit’s capacity and integrity. • Not-for-profits can secure their application materials in the Document Vault where they will be accessible to all State agencies, thereby reducing redundancy and conserving resources. • Not-for-profits will only have to prequalify once every three years, with responsibility to keep their information current throughout the three year period. • If you have not registered with Grants Gateway, register TODAY! 11 MWBE The mission of the MWBE program is: To promote equality of economic opportunities for MWBEs and to eliminate barriers to their participation in state contracts. We supplement New York State's economic leadership with information and resources that increase access to information and opportunities for minority- and women-owned businesses throughout the state. Our key objectives: • Encourage and assist state agencies to award a fair share of contracts to MWBEs. • Review applications by businesses seeking certification and maintain a directory of certified MWBEs. • Promote the business development of MWBEs through education and outreach to NYS agencies as well as MWBEs. Regional Council award winners will have language in their contracts that outlines specific commitments to achieving goals for MWBE participation. The awardee commits to these guidelines when they execute the contract. For a list of the registered MWBEs, please visit the following link http://esd.ny.gov/MWBE.html . 12 4

  5. 4/14/2017 Service Disabled Veterans Owned Businesses • The goal of the Act is to encourage and support eligible SDVOBs to play a greater role in the state's economy by increasing their participation in New York State's contracting opportunities. • The OGS Division of Service-Disabled Veterans' Business Development is responsible for certifying eligible SDVOBs, and assisting and promoting their participation in the state's procurement activities. • More information and a detailed list of available certified NYS SDVOB’s can be found: https://ogs.ny.gov/Veterans/ 13 ESD Programs - CFA • The CFA process involves over 2 dozen programs from various State Agencies • ESD program dollars also include an additional allocation to the Region if they are selected as a plan winner • Each year there is typically one or more special programs or focus areas- i.e. DRI, Opportunity Zones, etc. 14 ESD Incentives and Programs Economic Development Fund Market NY Tourism Grant Program Upstate Revitalization Initiative Restore NY Excelsior Jobs Program Craft Beverage Job Development Authority (JDA) Minority and Women Owned Business Direct Loan Program Investment Fund Linked Deposit Program Global NY Grant Fund Program Regional Economic Development Innovate NY Funds Council Strategic Planning and Feasibility NYS Film Tax Credit Studies Program NYS Certified Business Incubator and Start Up NY Innovation Hot Spot Program NYS Innovation Venture Capital Fund And MUCH more…. 15 15 5

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