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 Granite Works Excelsior 39755 Southern Tier Granite Works, LLC Granite Works Excelsior $125,000.00 Thursday, October 27, 2016 - 20:00
ESD STREDC - Community Revitalization Program Capital 7472 Southern Tier SOUTHERN TIER REGION ECONOMIC DEVELOPMENT CORPORATION STREDC - Community Revitalization Program Capital On behalf of the Southern Tier Regional Economic Development Council, the Southern Tier Regional EDC will establish a regional low interest loan, loan/grant program. The Community Revitalization Program will operate a regional loan program for municipalities to apply for project funding for capital use. $2,299,058.00 Wednesday, March 7, 2012 - 19:00
ESD Calkins Corners 1996 Finger Lakes Bishop Sheen Ecumenical Housing Foundation, Inc. Calkins Corners New construction of sixty (60) units of affordable housing for seniors in the Town of Henrietta. $8,784,548.00
ESD Swan St Lofts 5365 Capital District Albany IDA Swan St Lofts Albany Housing Authority will receive low-cost financing to convert the former St. Joseph’s School located in the Arbor Hill Neighborhood of Albany into Swan Street Lofts that will provide 22 affordable residential units and 14,100 SF of community facility space. $5,400,000.00
ESD James St Apts 7579 Central New York NYS HFA James St Apts James St Apartments will receive low-cost financing to acquire and rehabilitate 83 affordable housing units in Syracuse. $9,000,000.00
ESD Greenway Apartments 7943 Central New York NYS HFA Greenway Apartments Greenway Apartments will receive low-cost financing to acquire and rehabilitate 208 affordable housing units in Baldwinsville. $14,000,000.00
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 Market NY Capital RC6 65356 New York City Brooklyn Bridge Park Brooklyn Bridge Plaza Market NY Capital RC6 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. $740,000.00 Thursday, April 20, 2017 - 20:00 Saturday, June 29, 2019 - 20:00
ESD Artpark Working Capital 68530 Western New York Artpark & Company Artpark Working Capital Artpark will use the funds to present a special event, Plasticiens Volants, a spectacular performing arts event never before seen in the nation, thus increasing the perception and consideration of New York State as a travel destination. $52,992.00 Tuesday, February 7, 2017 - 19:00 Sunday, December 30, 2018 - 19:00
ESD Ausable Brewing Company Capital RC6 67717 North Country Ausable Brewing Company Ausable Brewing Company Capital RC6 The company will expand its craft beer manufacturing operation with more space and equipment. $43,000.00 Sunday, June 4, 2017 - 20:00 Sunday, December 30, 2018 - 19:00
ESD Kas Spirits Capital 66883 Mid-Hudson Kas Spirits LLC Kas Spirits Capital KAS Spirits, LLC will increase production of KAS KRUPNIKAS, a Spiced Honey Liquor, located in Mahopac, NY in Putnam County. KAS Spirits will invest in equipment and hiring full time production, sales and office staff with the anticipation of increased sales due to acceptance of distribution by a NY distributor and one in Connecticut. $5,000.00 Sunday, April 2, 2017 - 20:00 Saturday, December 30, 2017 - 19:00
ESD Water Music Working Capital 65811 Capital District Albany Symphony Orchestra, Inc. Water Music Working Capital The Albany Symphony will use the funds to assist in development and promotion of the celebration of the Erie Canal Bicentennial with Water Music NY, a one-of-a-kind journey from Albany toBuffalo. $296,055.00 Monday, February 13, 2017 - 19:00 Sunday, December 30, 2018 - 19:00
ESD NCI Group Excelsior 64309 Mohawk Valley NCI Group, Inc. NCI Group Excelsior NCI will expand its existing manufacturing facility in Westmoreland by enlarging its buildings, adding new machinery and equipment, and adding jobs. $325,000.00 Saturday, April 29, 2017 - 20:00
ESD Western NY Depot 67885 Finger Lakes Sysco Western NY Depot Clear land and build a facility to house delivery management for distribution services. $150,000.00
ESD Hawthorne Valley Farm Expansion Capital RC6 67050 Capital District Hawthorne Valley Association, Inc. Hawthorne Valley Farm Expansion Capital RC6 Acquisition, renovations and machinery and equipment purchases by Hawthorne Valley Farm to expand production operations, increase food aggregation, processing and packaging opportunities for dairy food producers in the Capital and Hudson Valley Regions, and increase training opportunities for disadvantaged populations in Columbia County. $600,000.00 Monday, June 12, 2017 - 20:00
ESD Livingston County IDA AgriPark Capital RC6 66058 Finger Lakes LIVINGSTON COUNTY DEVELOPMENT CORP. Livingston County IDA AgriPark Capital RC6 The project is for the creation of a agribusiness park in the Town of Livonia located on Gateway Road. Infrastructure will include a new access roadway, a bridge, water and sanitary sewer. $2,300,000.00
ESD CNY Biotech Accelerator 64792 Central New York Upstate Medical University CNY Biotech Accelerator Central New York Biotech Accelerator (CNYBAC), a NYS Certified Business Incubator, is an academic-based biotech incubator/accelerator located in Syracuse, NY. Upstate Medical University, the region’s only academic medical center, maintains operational support for CNYBAC, a 60,000 square foot LEED Silver Certified building, and promotes ready access to Upstate’s experts, facilities and equipment. CNYBAC’s labs, offices, conference rooms, TED-enabled 200+ seat theater, National Grid Creation Garage, Café and short-term occupancy Pods are available to for-profit biotech startups, early discovery innovators, entrepreneurs, mentors, service providers and innovation clubs. $125,000.00
ESD NFTA Multi-Modal Access Capital RC6 68035 Western New York Niagara Frontier Transportation Authority NFTA Multi-Modal Access Capital RC6 The project will move the existing light rail track to the front of the NFTA-Metro’s Rail Yards and Shops Facility at the foot of Main Street. This will allow for the return of two-way traffic to Main Street; the installation of additional on-street parking, street furnishings and crosswalks; and improved paving and the redevelopment of the DL&W Terminal. $1,000,000.00 Monday, January 14, 2019 - 19:00
ESD Northeast Information Discovery Capital 66379 Central New York Northeast Information Discovery, Inc. Northeast Information Discovery Capital Northeast Information Discovery, Inc. (NEID) will invest approximately $1,000,000 to construct and equip a new facility in Canastota, Madison County. The new facility will include office space, a loading dock and bay space, and state-of-the-art laboratories including space configured for secured rooms. The project will add 45 new jobs to the existing 14. $200,000.00 Thursday, May 25, 2017 - 20:00 Monday, April 30, 2018 - 20:00
ESD 2016 AMNH Market NY Capital RC6 65022 New York City American Museum of Natural History 2016 AMNH Market NY Capital RC6 AMNH seeks funding towards an exciting new capital addition to its nearly 150-year-old complex. The new facility will improve access to and circulation within existing Museum space, linking the current 25 buildings of the complex $1,000,000.00 Tuesday, June 13, 2017 - 20:00 Monday, June 29, 2020 - 20:00
ESD Times Union Garage Egress Capital RC6 68267 Capital District Albany County Times Union Garage Egress Capital RC6 The Times Union Center Parking Garage Egress Project will reduce congestion near the Capital Complex by providing an additional exit on the third floor of the parking garage and improve access to nearly 1,000 secure and convenient. By constructing a new exit onto Market Street, the TUC Parking Garage Egress Project helps achieve this goal of revitalization of Downtown Albany and ensures that downtown amenities are easily accessible. $200,000.00
ESD Cobleskill Community Kitchen Capital 67417 Mohawk Valley Cobleskill Agricultural Society Cobleskill Community Kitchen Capital Construct a commercial kitchen at Cobleskill fairgrounds. $24,000.00 Saturday, September 29, 2018 - 20:00
ESD Feinstein Institute at Northwell Health Capital 66563 Long Island The Feinstein Institute Feinstein Institute at Northwell Health Capital The Feinstein Research Institute For Medical Research in Manhasset, the research arm of Northwell Health, will create a new laboratory to develop new medical devices and technologies. $500,000.00 Thursday, March 2, 2017 - 19:00 Saturday, December 30, 2017 - 19:00
ESD Greene County Bike Ride Center Working Capital 65313 Capital District Greene County Greene County Bike Ride Center Working Capital Funds will be used to support the promotion of a Ride Center campaign, a first step to shift marketing efforts to a target segment of mountain biking day-trippers and overnight guests from the NYC metro and surrounding areas, as well as outside New York $75,000.00 Tuesday, June 6, 2017 - 20:00 Sunday, December 30, 2018 - 19:00
ESD The Palace Theatre Expansion Market NY Capital 63339 Western New York Historical Palace, Inc. The Palace Theatre Expansion Market NY Capital Grant funds will be used to support much needed HVAC, plumbing and electrical upgrades; additional seating; new rigging; an improved concession area; and an expanded orchestra pit and thereby enhance the overall theater experience. $423,000.00 Sunday, May 7, 2017 - 20:00 Thursday, August 30, 2018 - 20:00
ESD Luminati Aerospace Phase Two Capital 68405 Long Island Luminati Aerospace LLC Luminati Aerospace Phase Two Capital Luminati Aerospace will expand the development and manufacturing of unmanned aerial vehicles at Riverhead's Calverton Industrial park. The project will enhance the renewal of Long Island's aerospace industry. $1,000,000.00 Sunday, April 23, 2017 - 20:00 Tuesday, January 30, 2018 - 19:00
ESD Thomas Cole Exhibit Working Capital 67555 Capital District Thomas Cole National Historic Site Thomas Cole Exhibit Working Capital Grant funds will be used to assist in the development of interactive technology to infuse the historic rooms of Thomas Cole’s home tourism destination with spectacular audiovisual effects, and will tell one of American history’s greatest stories using met. $165,000.00 Tuesday, April 4, 2017 - 20:00 Sunday, December 30, 2018 - 19:00
ESD Vets2Farm Capital RC6 66750 Mohawk Valley Farm2Vets Inc. Vets2Farm Capital RC6 Purchase equipment to train veterans for farming jobs. $100,000.00 Wednesday, June 7, 2017 - 20:00 Sunday, December 30, 2018 - 19:00
ESD Village of Canton Water and Sewer Capital 65495 North Country Village of Canton Village of Canton Water and Sewer Capital The Village of Canton will expand the municipal water and sewer systems by 1,100 feet to serve its Maple Hill neighborhood. $235,000.00 Tuesday, May 9, 2017 - 20:00 Wednesday, November 29, 2017 - 19:00
ESD Star Kay White Excelsior RC6 63707 Mid-Hudson Star Kay White, Inc. Star Kay White Excelsior RC6 A 2016 Mid-Hudson REDC Project awardee, Star Kay White, Inc. was offered a $2,250,000 grant and $350,000 Excelsior Tax Credits to encourage them to invest $18 MM to Build-out of a new manufacturing facility and renovation of their existing facility in the Hamlet of Congers, Town of Clarkstown, Rockland County. Star Kay White, Inc. will retain 118 existing jobs and create 21 net new jobs over the next five years. $350,000.00 Tuesday, June 20, 2017 - 20:00 Sunday, December 30, 2018 - 19:00
ESD JW Danforth Expansion 68532 Capital District JW Danforth JW Danforth Expansion JW Danforth will build an office building adjacent to its warehouse/fabrication facility to accommodate existing and future employment growth. $575,000.00
ESD Cayuga Mine #4 Shaft Project 67723 Southern Tier Cargil Incorporated Cayuga Mine #4 Shaft Project Cargil Incorporated will install a new ventilation and access shaft equipped with a heavy duty mine elevator, change room facilities for the miners, an electrical upgrades, and a small maintenance shop for equipment. $2,000,000.00
ESD Ironworkers Local 417 Training and Education Capital 66895 Mid-Hudson Ironworkers Local 417 Training and Education Ironworkers Local 417 Training and Education Capital The Iron Workers Local 417 Training and Education Center is a proposed addition to its existing headquarters and training facility in the Town of Newburgh. This addition will be a state-of-the-art, two-story wing including dividable classroom space with interactive smart board technology as well as an innovative working indoor crane and demonstration area in which trainees can carry out actual construction tasks. $350,000.00 Saturday, September 30, 2017 - 20:00
ESD Susquehanna Regional Food Beverage Hub 65832 Mohawk Valley Otsego Now Susquehanna Regional Food Beverage Hub Otsego Now will transform the former vacant car dealership building at 27-33 Market Street, Oneonta into the Susquehanna Regional Food and Beverage Hub. $3,000,000.00
ESD Stony Brook University Certified Business Incubator 64340 Long Island Stony Brook University Stony Brook University Certified Business Incubator The Stony Brook Incubation Program has four locations that captures the innovation capacity of Stony Brook University –and Long Island’s–research institutions. The incubator will provide early stage technology development resources – and partnerships with regional tech business groups. New and expanded services will facilitate frequent client meetings and access to additional financial resources and business professionals’ support. $125,000.00
ESD LICP Streetscape Capital RC6 67892 New York City Long Island City Partnership LICP Streetscape Capital RC6 Long Island City Partnership will work with the community in Long Island City to plan and implement capital infrastructure improvement there. $100,000.00 Wednesday, March 15, 2017 - 20:00 Monday, August 31, 2020 - 20:00
ESD North Country Veterans Center Capital RC6 67056 North Country North Country Veterans Association Inc. North Country Veterans Center Capital RC6 Expand the existing building by 1,330 sf and reconfigure the existing space to accommodate the facility services that include a food shelf, library and museum. $100,000.00 Tuesday, April 25, 2017 - 20:00 Thursday, January 31, 2019 - 19:00
ESD Binghamton Incubator Program 66077 Southern Tier Binghamton University Binghamton Incubator Program Binghamton Incubator Program focuses on developing and delivering entrepreneurial and business skills through workshops, seminars, events and mentoring at two locations in the Greater Binghamton Area: The Start-Up Suite Pre-Incubator with office and wet lab space on the Binghamton University ITC campus in Vestal, and the Koffman Southern Tier Incubator with offices, dry- and wet-labs, high-bay and co-working spaces in downtown Binghamton. $125,000.00
ESD Memorial Art Gallery of the University of Rochester Capital RCC6 64798 Finger Lakes UNIVERSITY OF ROCHESTER Memorial Art Gallery of the University of Rochester Capital RCC6 The project will upgrade the Grand Gallery to support the technical needs of the exhibitions and to enhance visitor experiences. $100,000.00
ESD The Art and Fashion Design Manufacturing Lab Capital RC6 68039 Mid-Hudson Marist College The Art and Fashion Design Manufacturing Lab Capital RC6 The Fulton Technology Cross Road Project is a multi-phase project that will bring together an array of resources to deliver education, advanced technology, and manufacturing in the areas of health, fine arts and technology. Phase 3, Marist will expand the existing steel fabrication plant with the addition of 26,000 sq.ft. to include digital printing, two art galleries, makerspace, advanced manufacturing space, and the creation of a center for the study and development of new technologies. $1,000,000.00 Tuesday, December 31, 2019 - 19:00

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