The Long Island Investment Fund program will focus on large-scale, transformative projects that will have lasting impacts on Long Island. 

The Fund focuses on investments that will:

• Have a clear nexus to economic growth, job creation or attraction of private sector investment 
• Position  Long Island and New York State (NYS) to lead in cutting edge sectors, including innovation, biotechnology, life sciences, digital health and biomedical investments
• Enable transformative multi-family housing development opportunities to support regional industry growth.

Projects could include initiatives to support the infrastructure required to add multi-family housing, support downtown revitalization, redevelopment of blighted areas and support early-stage innovation businesses, business plan competitions and regional workforce centers.

Eligible Applicants:

• Businesses involved in industrial, manufacturing, warehousing, and distribution
• Research and development, high technology, service and other non-retail commercial enterprises
• Not-for-profits, including colleges and universities
• For-profit firms, including real estate development firms
• For-profit firms
• Local development corporations and industrial development agencies
• Municipalities

Eligible Projects and Uses of Funds:

• Construction, expansion, and rehabilitation of facilities
• Acquisition of machinery and equipment
• Infrastructure and site development
• Design/engineering related to construction
• Workforce development centers and business incubators and accelerators

Ineligible Projects:

• Residential developments of less than 100 units
• Casino or gambling institutions
• Legal services
• Medical and Nursing services
• Retail firms with no other eligible components
• Refinancing

Request for Proposals:

NYS issues a Request For Proposals To Develop The Long Island Center For Cell And Gene Therapy

Application Information:

Applicants should review guidelines here.

It is also strongly recommended that applicants speak to ESD staff prior to submitting an application.

ESD's Long Island office can be reached at 631-435-0717 or by email at: [email protected].

To access the Long Island Investment Fund (LIIF) please go to:  NYS Consolidated Funding Application  

Please be sure to select:  Long Island Investment Fund (LIIF)