All 10 Regions will Present their Proposals in Albany and Provide Progress Updates to the New York State Review Team
Presentations will be streamed live online at www.regionalcouncils.ny.gov
Empire State Development (ESD) today announced the schedule for this year’s Regional Economic Development Council presentations to the Strategic Implementation Assessment Team (SIAT), which is led by Secretary of State Rossana Rosado and composed of state officials.
ESD Acting Commissioner and President & CEO-Designate Eric Gertler said, “These presentations to the State’s review team are an important step in ensuring that each of the 10 REDCs have ample opportunity to demonstrate how their plans will enhance New York's economy - regionally and statewide - and support the Governor’s Round IX priorities.”
All ten regions will present their potential funding ideas at the Empire State Plaza Convention Center Meeting Rooms in Albany. The schedule is as follows:
Wednesday, November 6, 2019
Presentations held in Meeting Rooms 2-4
- 9:00 a.m. -- Mohawk Valley
- 10:30 a.m. -- Central NY
- 1:00 p.m. -- Mid-Hudson
Monday, November 18, 2019
Presentations held in Meeting Room 6
- 9:30 a.m. -- Southern Tier
- 11:00 a.m. -- Western NY
- 1:30 p.m. -- New York City
Tuesday, November 19, 2019
Presentations held in Meeting Room 6
- 9:00 a.m. -- Capital Region
- 10:30 a.m. -- Finger Lakes
- 1:00 p.m. -- North Country
- 2:30 p.m. -- Long Island
Representatives from each region will provide an in-person presentation to the SIAT, including updates on their strategic plan goals, progress achieved on priorities and projects funded in previous rounds, and outlines of their Round IX strategies. The presentations will be followed by questions from the review team.
The SIAT includes Rossana Rosado, Secretary of State, New York State Department of State; Richard Ball, Commissioner, New York State Department of Agriculture and Markets; Alicia Barton, President and CEO, New York State Energy Research & Development Authority; RoAnn Destito, Commissioner, New York State Office of General Services; Matt Driscoll, Executive Director, New York State Thruway Authority; Erik Kulleseid, Commissioner, Office of Parks, Recreation & Historic Preservation; Roberta Reardon, Commissioner, Department of Labor; Michael Schmidt, Commissioner, Department of Taxation & Finance; Brian Stratton, Director, New York State Canal Corporation; RuthAnne Visnauskas, Commissioner, New York State Homes and Community Renewal; Hon. Donna Lupardo, Assemblymember, District 123; Hon. Helene Weinstein, Chair of Ways and Means Committee, New York State Assembly; Hon. Anna Kaplan, Senator, 7th District; Hon. Neil Breslin, Senator, 44th District.
Round IX includes core capital and tax-credit funding that will be combined with a wide range of existing agency programs totaling approximately $750 million. The core funding includes $225 million in grants and tax credits to fund high value regional priority projects. The Budget also makes over $525 million in resources from state agencies available to support community revitalization and business growth consistent with the existing REDC plans through the CFA process. Funding awards will be announced by the end of the year.
The REDC process has transformed New York State government’s approach to economic development, creating a statewide framework for bottom-up, regional economic growth and streamlining the state funding application process. Since 2011, the first year of the initiative, over $6.14 billion has been awarded to more than 7,300 projects that are projected to create and retain more than 230,000 jobs statewide.
2019 Round IX Awards
The Regional Councils will compete in 2019 for up to $150 million in capital funds and $75 million in Excelsior Tax Credits for projects identified by the Regional Councils as priorities in their regions. All 10 regions will be competing this year for designation as a Top Performer. Five top performing regions will be awarded a share of $100 million in ESD Capital grants. The remaining five regions will be awarded a share of $50 million in ESD Capital grants. Each region will also be awarded a share of $75 million in Excelsior Tax Credits to help attract and grow business in the region.
In addition, each region will once again receive $10 million to implement projects identified through the Downtown Revitalization Initiative, and projects from all 10 regions submitted through the CFA will be eligible for over $525 million in other state agency funds.
About the Consolidated Funding Application
As part of Governor Cuomo's efforts to improve the State's economic development model, the Consolidated Funding Application (CFA) was created to streamline and expedite 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. The CFA serves as the single-entry point for access to economic development funding, ensuring applicants no longer have to slowly navigate multiple agencies and sources without any mechanism for coordination. Now, economic development projects use the CFA as a support mechanism to access multiple state funding sources through one application, making the process quicker, easier, and more productive. To access the CFA, please visit https://apps.cio.ny.gov/apps/cfa/.
About the Regional Economic Development Councils
The Regional Economic Development Council (REDC) initiative is a key component of Governor Cuomo's 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. For more information on the Regional Councils, visit http://www.regionalcouncils.ny.gov/.
Contact:
ESD Press Office | [email protected] | (800) 260-7313