Long Island Investment Fund
Objective
The Long Island Investment Fund program will focus on large-scale, transformative projects that will have lasting impacts on Long Island.
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.
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
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 a LIIF application.
For information on the Long Island Life Science Acceleration Request for Applications, click here.
Deadline to apply: March 31, 2023 at 5:00 PM EST
For information on the Workforce Development Request for Applications, click here.
Deadline to apply: March 31, 2023 at 5:00 PM EST