What is ESD Empire State Development (ESD) is the economic - - PDF document

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Consolidated Funding Application, Grants Gateway, and Economic Development Programs 2017

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What is ESD

• Empire State Development (ESD) is the economic

development arm for New York State.

• The mission of Empire State Development is to promote a

vigorous and growing state economy, encourage business investment and job creation, and support diverse, prosperous local economies across New York State through the efficient use of loans, grants, tax credits, real estate development, marketing and other forms of assistance.

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ESD Incentives and Programs

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Economic Development Fund Upstate Revitalization Initiative Excelsior Jobs Program Job Development Authority (JDA) Direct Loan Program Linked Deposit Program Regional Economic Development Council NYS Film Tax Credit Start Up NY NYS Innovation Venture Capital Fund Market NY Tourism Grant Program Restore NY Craft Beverage Minority and Women Owned Business Investment Fund Global NY Grant Fund Program Innovate NY Funds Strategic Planning and Feasibility Studies Program NYS Certified Business Incubator and Innovation Hot Spot Program And MUCH more….

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Regional Office

The Capital regional office works hand-in-hand with new and existing businesses and local communities to help identify funding options to support important projects.

Empire State Development 433 River Street, Suite 1003 Troy, NY 12180 (518) 270-1130

Michael Yevoli Regional Director, Capital Region Arnie Will Deputy Director Linda Dillon Project Manager Heidi Pasos Economic Development Program Specialist 2 Kathryn Bamberger Industrial Development Representative, Global NY Shelley Leighton Secretary

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What are the REDC’s

• The Regional Economic Development Council initiative (REDC) is a key component of Governor

Andrew M. Cuomo's transformative 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

• rganizations.
• 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.

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Capital Region Economic Development Council

• The Capital Region Regional Economic Development Council (CRREDC) progress has centered
• n an integrated approach to growing its economy, specifically the regional cluster focused on the

Commercialization of Research and Development.

• Since 2011, the our region has been awarded $437 million to support 595 projects
• The CRREDC has been names a top performer three times.

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The CFA Process

• As part of Governor Cuomo’s transformative plan to improve the state’s economic development

model, a NYS Consolidated Funding Application (CFA) has been created that streamlines and expedites 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.

• Utilizing the CFA serving as the single entry point for access to economic development funding,

applicants will no longer have to slowly navigate multiple agencies and sources without any mechanism for coordination. Now, economic development projects will use the CFA as a support mechanism to access multiple state funding sources through one application, making the process quicker, easier, and more productive.

• The CFA system is also the mechanism for Upstate Revitalization Initiative (URI) project sponsors

to submit applications. Application materials can be accessed through www.regionalcouncils.ny.gov.

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Tentative Timeline

Early May CFA Opens Mid Summer CFA Closes, 4 PM Sharp - No late submittals! Early Fall REDC Progress Report Updates and Scores Due

Late Fall Round 7 Awards Ceremony

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CFA Review and Scoring

80% 20% REDC Endorsement Agency Technical Review

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Grants Gateway

• The New York State Grants Gateway serves as the primary outlet for State

agencies to post upcoming and available funding opportunities.

• The Portal offers a simple way to search for available and anticipated grant
• pportunities, download grant opportunities, and register to receive email

notifications when specific types of grant opportunities are posted.

Benefits

• Simplify grants management
• Streamline contract processes and standardize terms and conditions
• Improve the effectiveness and accelerate performance of local grant programs
• Improve compliance with State and Federal legal and audit requirements
• Facilitate more timely payments to Not-for-Profits

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Grants Gateway

• Prequalification is a way for not-for-profits to interact more directly with State agencies

before they compete for State contracts, enabling them to make adjustments and answer concerns prior to entering a competitive bid process.

• Once registered with the Gateway, not-for-profits can fill out an online Prequalification

Application.

• The process is simple. The Application requests an upload of basic organizational

documents and asks straightforward questions about a not-for-profit’s capacity and integrity.

• Not-for-profits can secure their application materials in the Document Vault where they

will be accessible to all State agencies, thereby reducing redundancy and conserving resources.

• Not-for-profits will only have to prequalify once every three years, with responsibility to

keep their information current throughout the three year period.

• If you have not registered with Grants Gateway, register TODAY!

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MWBE

The mission of the MWBE program is: To promote equality of economic opportunities for MWBEs and to eliminate barriers to their participation in state

• contracts. We supplement New York State's economic leadership with information and resources that increase

access to information and opportunities for minority- and women-owned businesses throughout the state. Our key objectives:

• Encourage and assist state agencies to award a fair share of contracts to MWBEs.
• Review applications by businesses seeking certification and maintain a directory of certified MWBEs.
• Promote the business development of MWBEs through education and outreach to NYS agencies as well

as MWBEs. Regional Council award winners will have language in their contracts that outlines specific commitments to achieving goals for MWBE participation. The awardee commits to these guidelines when they execute the

• contract. For a list of the registered MWBEs, please visit the following link http://esd.ny.gov/MWBE.html .

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Service Disabled Veterans Owned Businesses

• The goal of the Act is to encourage and

support eligible SDVOBs to play a greater role in the state's economy by increasing their participation in New York State's contracting

• pportunities.
• The OGS Division of Service-Disabled

Veterans' Business Development is responsible for certifying eligible SDVOBs, and assisting and promoting their participation in the state's procurement activities.

• More information and a detailed list of

available certified NYS SDVOB’s can be found: https://ogs.ny.gov/Veterans/

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ESD Programs - CFA

• The CFA process involves over 2 dozen programs

from various State Agencies

• ESD program dollars also include an additional

allocation to the Region if they are selected as a plan winner

• Each year there is typically one or more special

programs or focus areas- i.e. DRI, Opportunity Zones, etc.

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ESD Incentives and Programs

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Economic Development Fund Upstate Revitalization Initiative Excelsior Jobs Program Job Development Authority (JDA) Direct Loan Program Linked Deposit Program Regional Economic Development Council NYS Film Tax Credit Start Up NY NYS Innovation Venture Capital Fund Market NY Tourism Grant Program Restore NY Craft Beverage Minority and Women Owned Business Investment Fund Global NY Grant Fund Program Innovate NY Funds Strategic Planning and Feasibility Studies Program NYS Certified Business Incubator and Innovation Hot Spot Program And MUCH more….

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ESD Grant Funds

Eligible Applicants

• Businesses
• Not-for-profit corporations
• Business Improvement Districts
• Local development corporations
• Public benefit corporations

(including industrial development agencies)

• Economic development
• rganizations
• Research and academic

institutions

• Incubators
• Technology parks
• Municipalities
• Counties
• Regional planning councils
• Tourist attractions
• Community facilities

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ESD Grant Funds

Program Objectives: Capital Projects

Business Investment:

• Capital expenditures that facilitate an employer‘s ability to create new jobs in New York State or to retain jobs

that are otherwise in jeopardy.

• Five-year job commitments.

Infrastructure Investment:

• Capital expenditures including transportation, parking garages, water and sewer, communication and energy

generation and distribution.

• Should show ability to attract new businesses and expand existing businesses.
• Infrastructure investment projects that are able to provide direct job commitments will be viewed favorably.
• If the employer will be an entity other than the Applicant, a third party guarantee of the Applicant‘s job

commitment must be provided by the prospective employer and both the prospective employer and the third party guarantor must be found by ESD to be creditworthy.

Economic Growth Investment:

• Capital expenditures that foster economic growth through cultural activity, higher education activity, regional

revolving loan and grant programs, other local or regional initiatives, agribusiness initiatives, improvements to facilities in highly distressed areas, commercial revitalization activities in central business districts or commercial strips, or other projects that may not have direct job creation goals.

• Economic growth investment projects that are able to provide direct job commitments will be viewed

favorably.

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ESD Grant Funds

Eligible Project Activities Include:

• Acquisition of land, buildings,

machinery and/or equipment;

• Demolition and environmental

remediation;

• New construction, renovation or

leasehold improvements;

• Acquisition of furniture and fixtures;
• Soft costs of up to twenty-five

percent (25%) of total project costs; and

• Planning and feasibility studies

related to a specific capital project or site.

Ineligible Project Activities Include:

The following types of expenses may be included in budgets but shall not be eligible for reimbursement by grant funds:

• Developers fees;
• Training
• Residential development, although

program funds may be used for the commercial component of a mixed- use project.

Project Costs (Eligible/Ineligible)

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Excelsior Jobs Program

Tax credits available for economic development initiatives and projects that:

• Create or retain jobs
• Prevent, reduce or eliminate

unemployment and underemployment

• Increase business activity in the

community or region Discretionary – applicants may not be awarded the maximum allowable amount

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Excelsior Jobs Program

The Program is limited to firms making a substantial commitment to growth – either in employment or through investing significant capital in a NYS facility

Eligibility

Job Growth Track:

• Targeted industries
• Creating net new jobs
• RSP (net new jobs & significant capital investment

Investment Track:

• Firms in targeted industries (except manufacturing) who retain at least 25

employees; manufacturing firms who retain at least 10 employees

• Makes investment
• Meets a benefit-cost ratio of at least 10:1

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Excelsior Jobs Program

Targeted “Activities”/Industries Firms with project activity in these industries that create and maintain new jobs or make significant financial investment are eligible to apply for up to four tax credits.

• Manufacturing
• Agriculture
• Software Development & New Media
• Scientific R&D
• Distribution Center
• Back office
• Music Production
• Entertainment Company

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ESD Strategic Planning and Feasibility Studies

Eligible Applicants

Cities Counties Municipalities Business Improvement Districts Local Development Corporations Not-for-profit Economic Development Organizations*

*If awarded funding, prior to ESD Directors’ approval and execution of a contract with ESD, a not-for-profit corporation must be registered and up-to-date with filings with the New York State Office of the Attorney General’s Charities Bureau and the New York State Office of the State Comptroller’s VendRep System and must be prequalified in the New York State Grants Gateway.

$1 Million Grant Funding Available in Round 6

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ESD Strategic Planning and Feasibility Studies

Program Objectives

Matching Grants of up to $100,000 each to support the following types of programs:  Strategic development plans for a city, county, or municipality or a significant part thereof; and/or  Feasibility studies for site(s) or facility(ies) assessment and planning.  The program promotes economic development in the State of New York by encouraging economic and employment opportunities and stimulating development of communities and urban areas.  Projects should focus on economic development purposes.  Preference shall be given to projects located in highly distressed areas.  Projects should clearly define project scope, work plan, and anticipated results.

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ESD Strategic Planning and Feasibility Studies

Project Costs (Eligible)

Funds may be used for the following:

• Salaries, wages, fringe
• Contractual services
• Supplies and materials
• Travel

Funds may not be used for site assessment or planning for residential development, although program funds may be used for a study involving for a mixed-use project.

Pre-Application Requirements:

Applicants must complete and submit a Consolidated Funding Application (CFA) for review by ESD and the Regional Council for the region in which the proposed project is located.

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Market New York Program Goals

The Market New York Grant program’s objective is to support:

• tourism marketing initiatives;
• capital/construction projects;
• recruitment, execution of new big events, meetings/conferences; and
• conventions, festivals, athletic competitions and consumer/industry trade shows;

With the overall goal for successful projects that demonstrate:

• a positive economic impact;
• an increase in tourism throughout the region/state; and
• support of the Regional Council strategic plans for the corresponding region.

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Market New York Program Information

Entities that may apply for funding include not-for-profit corporations, municipalities, Tourism Promotional Agencies (TPAs), public benefit corporations, and for-profit companies. *Individuals are not eligible. There are three categories of funding available under Market New York, each with varying requirements.

1) Regional Tourism Marketing; 2) Tourism Capital; and 3) Tourism Special Events.

Note: Applicants with projects with both marketing and capital elements apply for both tracks. 27

Regionally Significant Project

ATTAIN Lab - $475,000 – Round 3 CFA

• Advanced Technology Training and

Networking lab

• Lab designed to provide Microsoft

Certification training to underserved residents in Albany, preparing them to participate in New York’s growing high tech economy.

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Regionally Significant Project

Upper State Street Redevelopment

Over $140 million

• Project involves 4 interconnected

redevelopments at the foot of the state capital.

• New Convention Center, hotel,
• ffice, retail, residential and parking

garage.

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Regionally Significant Project

Finch Paper (Warren County)

• $1,000,000 Round 4 award.
• $5,000,000 project positively

impacting 615 jobs and solidifying the companies presence in the City of Glens Falls.

• Finch produces more than

250,000 tons of premium uncoated printing paper.

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Regionally Significant Project

Windham Mountain (Greene County)

• Devastated by intense flooding during

both Hurricane Irene and Tropical Storm Lee.

• Mitigation was needed to prevent future

flood damage.

• Round 1 award of $1,500,000 to develop

an enhanced stormwater mitigation system.

• The resort continues to be the

economic driver for the village and has expanded to include an adjacent golf resort- truly creating a year round asset.

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Regionally Significant Project

Port of Albany (Albany & Rensselaer County)

• The Port has experienced significant

growth over the past 5 years, supported in part by $15,000,000 in Round 1 and Round 5 awards.

• The projects will make the port ready to

handle increased volume from the Panama Canal expansion- helping to ensure NY secures the most economic activity it can with this important asset.

• Also the private port of Coeymans also is

reading for growth and has plans to invest

• ver $10,000,000 to enhance their multi-

modal assets.

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CFA Pitfalls

1. Project description does not include specific information on the planned project such as approximate size of the space, types of equipment to be purchased, details on the area to be renovated etc. 2. Application does not include a tentative project schedule- CFA projects should be completed within 24 months though extensions can be granted on a case by case basis. 3. Job creation projects that do not include a detailed breakout of the net new jobs added per year. In addition, unpaid work or volunteer work is not considered a full time job. 4. Projects should have secured the required match or leverage amount.

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Common Questions

Q: I submitted an application last round. Can I still access that application? A:

• Yes. You can access your application from previous rounds by logging in using the token

assigned to you during that round. If you have lost or forgotten your token, you can retrieve it by calling the Customer Care Center at 518-474-4487. Please note that you can only view and/or print your old

• application. You must fill out a new application to be eligible for the current round.

Applicants can reapply for funding for projects not funded in the past if the program is still available. Applicants are encouraged to consult their Regional Council strategic plan to enhance project proposals to best implement the Regional Council strategic plan.

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Common Questions

Q: How will the agencies score the CFAs? A: The agencies fill out their own score sheets and assign points to eligible projects using criteria contained in the Available CFA Resources document. The score sheet incorporates the individual program’s technical scoring requirements based on the program requirements. The agency’s technical score, worth up to 80% of the total score, will be combined with the Regional Council scoring of up to 20% of the total score.

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Common Questions

Q: Projects are often long term with many phases. Can the application be made now if the project begins next year? A: Yes, projects can be submitted during any phase, however please note that project readiness is a key component of evaluations by the Regional Councils and applicable agencies. In addition, If a project is in process and about to begin another phase, the project may apply for future expenditures that are incurred and paid after the CFA award date.

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Common Questions

Q: Will a project that has merit, but does not create jobs, be considered? A: Although job creation is a very important criterion, it is not the only one. Other factors, such as the project’s benefits to the community and how it advances the Strategic Plan, are taken into consideration when scoring applications. Projects that do not directly create jobs are still eligible to apply.

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Common Questions

Q: Please clarify the MWBE requirements, what if you cannot find contractors that fit the guidelines? A: Regional Council award winners will have language in their contracts that outlines specific commitments to achieving goals for MWBE participation. The awardee commits to these guidelines when they execute the contract. For a list of the registered MWBEs, please visit the following link http://esd.ny.gov/MWBE.html.

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Common Questions

Q: Is it important to have matching funds? A: This is dependent on the agency and funding program through which funds are requested from. Projects that leverage funding from other sources will be viewed favorably.

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Common Questions

Q: Can I register more than one project on the same profile and token? A:

• Yes. You have the option to create a new application that will be associated to an already

registered profile. The e-mail address and token you use to log in will remain the same and you will have the option to start a new application or you can start a new profile by registering a new e-mail address.

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Common Questions

Q: What if a project is eligible for funding that is not accessible through the CFA process? How do Regional Councils support applicants in obtaining these resources? A: Regional Councils are about making State government work better for businesses to create an environment that will put New Yorkers back to work. Each Council is staffed by representatives from a broad spectrum of State agencies who will help identify priority projects and potential funding sources within their agencies and then directly assist applicants throughout every step of the process. If a project is not eligible for funding through the CFA process, contact your Regional Office and State agency staff will work with the Regional Council to identify potential funding sources and/or assistance when a non-eligible project is deemed a priority.

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Links

Regional Council information: https://regionalcouncils.ny.gov/ Frequently Asked Questions: https://regionalcouncils.ny.gov/faq Technical (computer) Questions? Cfa-tech@ny.gov Program (funding/program) Questions? Cfa-Programs@ny.gov NYS Consolidated Funding Application: https://apps.cio.ny.gov/apps/cfa/ Regional Economic Development Council initiative (REDC) homepage: https://regionalcouncils.ny.gov/ ESD Homepage: https://esd.ny.gov/doing-business-ny

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Thank You

Empire State Development Hedley Park Place 433 River Street - Suite 1003, Troy, NY 12180 518 270-1130 www.esd.ny.gov