Empire State Development

Funding Program Descriptions and Mechanisms

Industrial Development Bond Cap (IDB Cap) IDB Cap is available for state and local government issuers to sell tax exempt bonds for private projects that demonstrate a public purpose. **Funding mechanism: Local Industrial Development Corporations sell tax exempt bonds to private investors to fund economic development projects.

ESD Grant Funds (including Regional Council Capital Fund, Economic Development Fund and Urban and Community Development Fund) ESD Grant Funds are available for capital-based economic development initiatives that will create or retain jobs; prevent, reduce or eliminate unemployment and underemployment; and/or increase business activity in a community or region. **Funding mechanism: Awards are based on achievement of objectives, which can include job creation or retention, investment, or other measurements demonstrating increased economic activity. Generally, funds are disbursed as reimbursement after project completion, approval by the ESD Directors, a public hearing and Public Authorities Control Board approval, and contract execution.

Excelsior Jobs Program (EJP) EJP is available for strategic businesses such as high tech, bio-tech, clean-tech and manufacturing that create jobs or make significant capital investments. **Funding mechanism: Businesses admitted into the Program are awarded tax credits based on a 10 year schedule of benefits. For each year of the schedule, tax credits are issued after businesses demonstrate that the performance requirements for that year have been met.

Environmental Investment Program – Capital (EIP – Capital) EIP Capital is available to help businesses acquire machinery and equipment and make other improvements to help them incorporate recycling and pollution prevention into their operations.

**Funding mechanism: EIP Capital is a performance based award. After contract execution, when the project is complete and all agreed-upon outcomes have been achieved the business is reimbursed.

Environmental Investment Program – Technical Assistance (EIP – TA) EIP TA is available to assist NYS non-profits or municipalities to provide TA to groups of NYS businesses to achieve measurable recycling or pollution prevention outcomes.

**Funding mechanism: EIP TA is a performance based award. After contract execution, contractors may be reimbursed on a quarterly basis as they complete agreed-upon outcomes.

Environmental Investment Program – Research and Development (EIP – RD) EIP RD is available to help fund the testing/research needed for businesses to answer final questions standing between prototypes and their commercialization. The product or technology must have the potential to achieve measurable recycling or pollution prevention outcomes.

**Funding mechanism: EIP RD is a performance based award. After contract execution, contractors may be reimbursed on a quarterly basis as they complete agreed-upon outcomes.

Agency Program Name CFA # Region Applicant Name Project Name Project Description CFA Award Amount Contract Executed Anticipated Completion Date
ESD The Mill 65254 Capital District Re4orm Architecture The Mill Re4orm Architecture will acquire and renovate properties in Schenectady to create The Mill Artisan District, a three-block area that will include New York maker space for a distillery, a craft brewery, retail establishments and apartments. $2,325,000.00
ESD Brooklyn Bridge Plaza 65356 New York City Brooklyn Bridge Park Brooklyn Bridge Plaza Brooklyn Bridge Plaza, located under the iconic Brooklyn Bridge will be the final section of Brooklyn Bridge Park to be constructed. The Plaza is envisioned as a flexible space that will host seasonal markets, concerts, picnics, and multicultural events, attracting visitors from the region and the world. The grant funds will support the electrical services necessary to support an ice skating rink extending the outdoor season of the Park and attracting visitors year-round. $740,000.00
ESD Henry Street Settlement Firehouse Renovation 63968 New York City Henry Street Settlement Henry Street Settlement Firehouse Renovation Henry Street Settlement, a social service nonprofit, is seeking state assistance in funding the capital costs of renovating the firehouse at 269 Henry Street, where it will relocate its primary employment center, the Neighborhood Resource Center (NRC). The renovated firehouse will be an ADA-compliant, multi-functional space in which to promote and deliver Henry Street’s extensive workforce development programs, which place hundreds of low income people in jobs each year. $1,000,000.00
ESD CEI Greenhouses 68666 North Country Confluent Energies, Inc. CEI Greenhouses CEI will establish 40 acres of greenhouses in Ogdensburg to grow leafy green vegetables using a hydroponic system. The produce will be sold to the market reachable by truck within 24 hours of the facilities. $1,220,000.00
ESD Fall Festival Special Event 67813 North Country Adirondack Museum Fall Festival Special Event The Adirondack Museum will use funds to support the development, marketing, and launch of a new annual Halloween inspired festival during October 2017. $125,000.00
ESD Market Street Food Craft Beverage Innovation District 67005 Mohawk Valley Otsego County IDA Market Street Food Craft Beverage Innovation District Otsego Now (Otsego IDA) will convert portions of Market Street in downtown Oneonta into a pedestrian-friendly downtown arts and entertainment district with new street amenities and landscaping. $500,000.00
ESD Springville Revitalization Plan 65922 Western New York Village of Springville Springville Revitalization Plan The Springville Revitalization Plan will identify redevelopment and reuse opportunities in the downtown business district and the South Cascade Business District. $20,000.00
ESD York Studios Bronx Project 64581 New York City Bronx River Media Group, LLC York Studios Bronx Project Bronx River Media Group will construct a major production studio facility including 5 television studios, scenery and woodworking shops, wardrobe and production office space and parking, in addition to infrastructure improvements. $1,200,000.00
ESD Southeast YMCA Healthy Living Campus 67939 Finger Lakes YMCA of Greater Rochester Southeast YMCA Healthy Living Campus Construction of a Regional Healthy Living Campus including a Senior center, Child Development and childcare services and healthcare partner space to service 10 municipalities. $1,455,500.00
ESD Haunted History Trail of New York State - 2017 Initiatives 67118 Finger Lakes Genesee County Chamber of Commerce Haunted History Trail of New York State - 2017 Initiatives Grant funds will be used to conduct a conversion/economic impact study for the Haunted History Trail of New York State which is the first and only state-wide paranormal tourism trail in the United States. $96,000.00
ESD Cooling Towers Replacement 66212 New York City Hunts Point Cooperative Market, Inc. Cooling Towers Replacement Hunts Point Cooperative Market will replace the outdated Central Cooling Tower for the refrigeration units with a new energy efficient unit that will be capable to handle the refrigeration needs for the next 20 years. $950,000.00
ESD Center for Great Women Phase III-A 64916 Finger Lakes National Women's Hall of Fame Center for Great Women Phase III-A Rehabilitation of the historic 1844 Seneca Knitting Mill, transformation of the dilapidated Mill into the Center for Great Women. This phase includes demolition, construction, interior build out and site work of the first floor. $500,000.00
ESD Mechanics Hall Mixed-Use Renovation 68150 Mohawk Valley 118 Liberty Street, LLC Mechanics Hall Mixed-Use Renovation The Developer plans to renovate and convert 3 dilapidated buildings into mixed use buildings with commercial space and approximately 34 indoor parking spaces on the first floor, the upper floors will have 58 apartments. $2,000,000.00
ESD Southern Tier Startup Alliance 67324 Southern Tier Cornell University Southern Tier Startup Alliance The Southern Tier Startup Alliance (STSA), an organization led by Cornell University, operates region-wide via a network of member incubators. Member incubators serve as focal points for entrepreneurial communities and locations where mentors can deliver services to startups. $250,000.00
ESD Bill Gray's Regional Iceplex Revitalization Project 66476 Finger Lakes Monroe Community Sports Centre Corp Bill Gray's Regional Iceplex Revitalization Project The Monroe County Sports Centre Corp. will renovate the Bill Gray's Regional Iceplex for energy-efficiency improvements and retail and locker room expansions. $700,000.00
ESD Coburn Block Development 65164 Western New York Chautauqua County Rural Ministry, Inc. Coburn Block Development This project will renovate and improve an existing but partially collapsed building constructed in 1868 in downtown Dunkirk for the purpose of expanded employment training close to residents and employers. $75,000.00
ESD WIN Hot Spot 53096 Western New York University at Buffalo WIN Hot Spot Western New York Incubator Network (WIN) is a consortium of business incubators in the WNY region to help entrepreneurs grow. WIN is operated by the University at Buffalo and their program offerings include: Pitch Prep, Embedded Consultants, Outreach and Student Entrepreneurship. $250,000.00
ESD Manufacturing Expansion 68341 Mohawk Valley Square Stamping Manufacturing Corporation Manufacturing Expansion Square Stamp Manufacturing plans to build an addition to their current facility to house additional production equipment and store raw and finished products. $650,000.00
ESD NextGen Nurses Center 67473 New York City The Lower Eastside Girls Club of New York, Inc. NextGen Nurses Center The Lower Eastside Girls Club of New York, Inc. will acquire, renovate and equip adjacent space to their current facility to create a workforce development facility capable of training 50 young women annually for healthcare sector opportunities. $325,000.00
ESD Renovations for a Walkable City 66678 North Country City of Ogdensburg Renovations for a Walkable City The City of Ogdensburg will renovate a damaged seawall and railroad bridge and complete a Complete Streets gap analysis to make the city more walkable. $250,000.00
ESD Consumer Behavior Market Research Laboratory 65415 Long Island Hofstra University Consumer Behavior Market Research Laboratory Hofstra University will construct and equip a Consumer Behavior Market Research Lab within its business school to better education its students and assist businesses. $500,000.00
ESD Babylon Village Theater 63604 Long Island Main Street Theatre Partners, LLC Babylon Village Theater Main Street Theatre Partners will renovate and repurpose the former Babylon Village Movie Theater to a live theatrical venue. $150,000.00
ESD Niagara Wine Country Fine Wine Marketing 68478 Western New York Arrowhead Spring Vineyards Niagara Wine Country Fine Wine Marketing Arrowhead Spring Vineyards will use grant funds to lead a marketing effort to create and promote Niagara Wine Country (NWC), thereby increasing awareness of the Niagara Wine Region and the entire wine industry throughout the State. $16,500.00
ESD Feasibility Study Phase 2 67674 Long Island Family Community Life Center, Inc. Feasibility Study Phase 2 The Family Community Life Center will conduct a feasibility study for the sewer pump station system for the contemplated Family Community Life Center development in Riverhead. $10,000.00
ESD Steiner Studios - Expansion Master Plan Phase IV 66860 New York City Steiner Studios Steiner Studios - Expansion Master Plan Phase IV Steiner Studios will renovate two historic buildings to accommodate academic partners and media companies as well as construct a parking facility. $1,000,000.00
ESD Cornell Street Mixed-Use Redevelopment Project 65639 Mid-Hudson The Arc of Ulster Greene Cornell Street Mixed-Use Redevelopment Project The Arc of Ulster-Greene ("The Arc") seeks funding to adaptively reuse space at its 139 Cornell Street location in Midtown Kingston creating a mixed-use environment housing two enterprises with immense economic benefits for the immediate Kingston community and larger Mid-Hudson Valley region. $200,000.00
ESD Adirondack Craft Beverage Campus 64040 Capital District Adirondack Pub Brewery Adirondack Craft Beverage Campus Expansion of the Adirondack Pub Brewery and construction of an adjacent parcel to establish the Craft Beverage Campus, a winery and a beverage incubator that will serve as a regional food and beverage education center through partnerships with SUNY Adirondack, Schenectady County Community College and Paul Smiths College to coordinate and integrate craft beverage academic programs, further career opportunities and expand year-round tourism in the Village of Lake George. $325,000.00
ESD Oneonta Cooperstown Public Hotspot Initiative 68667 Mohawk Valley Otsego County IDA Oneonta Cooperstown Public Hotspot Initiative The Otsego County IDA will setup wi-fi hot spots for both Oneonta and Cooperstown with an app designed to enhance the tourist experience. $57,000.00
ESD 155 River Street 67820 Capital District River King Development 155 River Street Renovation of a vacant historic building, infrastructure improvements and construction of a parking garage to create new commercial, restaurant and entertainment space, residential units and a boutique hotel in downtown Troy $1,000,000.00
ESD Hope House Expansion 67007 Mohawk Valley Peter Maurin House, Inc. Hope House Expansion The Hope House will renovate and modernize a vacant building located in the rear of the facility on adjoining land. The project will expand dining, kitchen, and storage areas. $100,000.00
ESD Sing Sing Prison Museum Preservation and Design 65939 Mid-Hudson Historic Hudson River Towns Sing Sing Prison Museum Preservation and Design Historic Hudson River Towns will embark on creating a first-rate educational and historical museum at the site of the existing operating correctional facility, using the 1936 Prison Power House to house the museum, with access to the original 1825 Cellblock. $500,000.00
ESD Sustainable Agriculture Business Expansion 64598 Capital District Sustainable AquaFarms Sustainable Agriculture Business Expansion SAFE Holding Co. will expand its business in the Town of Berlin to produce hydroponic lettuces and caviar. The expansion includes the development of tank system, installation of ground source heat pumps, CHP generation, fish houses for black bass and sturgeon, and the construction of administrative buildings. $3,000,000.00
ESD Touro Dental Clinic 67950 Mid-Hudson New York Medical College Touro Dental Clinic Touro College of Dental Medicine, the first NY dental college in nearly 50 years, opened its doors to 112 students in Valhalla, NY. Total annual enrollment will reach 440 students by 2019. This regionally transformative project will create a large primary-care multi-specialty Dental Clinic for the Mid-Hudson region. $750,000.00
ESD Lighthouse Point Development in Staten Island 67142 New York City Triangle Equities Development Company Lighthouse Point Development in Staten Island Adjacent to the St. George Ferry Terminal and located on the North Shore of Staten Island, Lighthouse Point will include apartments, a hotel, a diverse mix of retail shops and dining options, considerable public open space, and parking. $2,000,000.00
ESD HVCC Building Systems Technology Programs 66228 Capital District Hudson Valley Community College HVCC Building Systems Technology Programs Expansion of the current labs at Hudson Valley’s Malta location that serve the renewable energy employer market to enable additional students to be accepted into the Electrical Construction Maintenance Program. $75,000.00
ESD Cascade Ski Center 64917 North Country Cascade Ski Center, LLC Cascade Ski Center Cascade Ski Center will embark on tourism infrastructure improvements in order to support year round operations, including hiring permanent full-time staff. These upgrades include new snowmaking equipment, establishing a new farm to table cafe and upgrading the restaurant, bar, bathroom and bunkhouse facilities. $40,000.00
ESD Downtown Batavia Healthy Living Campus 68151 Finger Lakes City of Batavia Downtown Batavia Healthy Living Campus The City of Batavia will conduct a feasibility study for a comprehensive, multi-purpose heath campus to be located in downtown Batavia. $25,000.00
ESD Sibley Square Innovation Phase 67334 Finger Lakes Sibley ESCO Sibley Square Innovation Phase This project, part of the larger Sibley Sqare project in downtown Rochester, will include build out of Infrastructure for tech space, updates to HVAC and wiring, upgrades to parking, new green roof deck and restoration of clock tower. $2,000,000.00
ESD School of Medicine Pre-Clinical MRI Equipment 66477 Long Island Stony Brook University School of Medicine School of Medicine Pre-Clinical MRI Equipment Stony Brook University's School of Medicine will invest in state of the art pre-clinical MRI equipment to enhance innovation and biotech discovery. $500,000.00
ESD Advanced Manufacturing Equipment Acquisition 65170 Long Island VE Power Door Co., Inc. Advanced Manufacturing Equipment Acquisition VE Power Door Company in Brentwood will acquire CNC work center machinery to produce components more efficiently and precisely. $50,000.00