ALBANY, N.Y. (WENY) – Governor Kathy Hochul announced that $38 million have been awarded to support multiple priority projects across New York State.
The most recent round of approved awards in the regional economic development council initiative supports 47 shovel ready projects. Projects within each region of the state are eligible for a share of $75 million in the Excelsior Jobs Tax Credits to help attract grow business in their region.
“New York is not only going to recover from the pandemic, but will flourish, and this new funding will attract companies that will help fuel our post-pandemic economy,” Governor Hochul said. “These awardees are going to bring good paying jobs to communities across the state, boosting local economies and bringing economic opportunity to all New Yorkers. I look forward to seeing the continued work of the Regional Economic Development Councils as they help usher in a more prosperous New York for decades to come.”
The application for traditional ESD Grant funds remains open until 4:00 p.m. on Friday, April 15, 2022.
Applicants with strong, shovel-ready projects that align with the state and region’s economic development priorities can apply through the Consolidated Funding Application.