New York state has opened the application period for Round XIII of the Regional Economic Development Council Initiative.
Round XIII includes core capital grant and tax-credit funding combined with a wide range of programs from 10 state agencies, including $150 million in grant funds from Empire State Development, available to projects on a continuous basis.
The councils are encouraged to support projects that advance or address strategic State priorities—including green buildings and sustainable development, child care, distressed communities, and innovative public-private partnerships; those projects, will be eligible for additional award funding.
The deadline for applications is Friday, July 28, at 4 p.m. Open enrollment programs are not subject to the July 28 deadline and will continue to accept applications on an ongoing basis until funds are exhausted.
Officials said new this year, two new micro programs will award capital grants to support New York state craft beverage manufacturers and non-profit organizations, and a new $30 million Challenge competition will award $10 million to up to three regions to implement creative solutions to tackle persistent barriers to economic growth.
Also, for the first time since 2015, the councils will be tasked with updating their strategic regional economic development plans.