Long Island Investment Fund

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Objective

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

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Overview

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

Projects could include initiatives to support downtown revitalization, redevelopment of blighted areas and early-stage innovation businesses and business plan competitions.  

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Eligibility

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

• 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

Ineligible Projects:

• Residential with no other uses at the project location

• Casino or gambling institutions

• Legal services

• Medical and Nursing services

• Retail firms with no other eligible components

• Refinancing

 

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How to Apply

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].

Click here to submit an application.