Economic Development Purposes Grants
Program Purpose
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.
Eligibility
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.
Funds may 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 visit
http://nyworks.ny.gov/,
which includes contact information for the appropriate
ESD
Regional Office covering the
project area.