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 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, 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 Thursday, April 20, 2017 - 20:00
ESD Tech Garden Innovation Hot Spot 64245 Central New York CenterState CEO Tech Garden Innovation Hot Spot The Tech Garden, located in downtown Syracuse, will increase their professional services resource pool in order to: increase outreach to veterans and diverse entrepreneurs; increase the number and types of workshops and programs; design and implement a new Commercialization Course; provide startups with access to professional business development services at no cost; improve access to capital; improve the tracking of impact data; and improve regional communication around the sharing of best practices. $250,000.00
ESD Herkimer Diamond Mines Market NY Capital RC6 68702 Mohawk Valley Herkimer Diamond Mines, Inc. Herkimer Diamond Mines Market NY Capital RC6 The Herkimer Diamond Mines will use grant funds to assist in the expansion and upgrade, including infrastructure improvements, of this tourism attraction. $125,000.00
ESD The Y Healthy Living Center Capital RC6 67850 Long Island Young Men’s Christian Association of Long Island, The Y Healthy Living Center Capital RC6 Construction of “The Y Healthy Living Center,” a 25,000 square foot facility located on the Y property at 6- Main Street. $400,000.00 Sunday, April 16, 2017 - 20:00 Saturday, September 29, 2018 - 20:00
ESD 2017 Laser Technology Expansion 67024 Mohawk Valley Metal Solutions Inc. 2017 Laser Technology Expansion Metal Solutions plans to purchase a 4kw fiber optic laser for high speed cutting of sheet and plate metal, to be used in the fabrication of component parts for OEM manufacturers. The new technology machine will help the company increase production. $70,000.00
ESD Upper Port Jefferson Strategic Planning Working Capital 65980 Long Island Incorporated Village of Port Jefferson Upper Port Jefferson Strategic Planning Working Capital Conduct an Urban Renewal Plan in order to partner with a master planner to revitalize the Upper Port area of Port Jefferson to be transit oriented, walkable, near housing, retail and employment. $25,000.00 Sunday, March 19, 2017 - 20:00 Thursday, June 29, 2017 - 20:00
ESD MWPAI Celebrates the Arts of New York Working Capital Market NY RC6 64714 Mohawk Valley Munson-Williams-Proctor Arts Institute MWPAI Celebrates the Arts of New York Working Capital Market NY RC6 Grant funds will be used for a comprehensive marketing plan for "MWPAI Celebrates the Arts of New York," a summer-long series of events that will showcase the work of New York State artists both past and present. $110,534.00 Tuesday, March 28, 2017 - 20:00 Sunday, December 30, 2018 - 19:00
ESD OMT Expansion 67961 Mohawk Valley Oriskany Manufacturing, LLC OMT Expansion Oriskany Manufacturing plans to acquire, renovate, update, equip and prepare a former manufacturing facility for occupancy to form a hub for suppliers within the transportation/transit industry. $600,000.00
ESD Saranac Snowshoe Federation Championship Working Capital 67203 North Country Village of Saranac Lake Saranac Snowshoe Federation Championship Working Capital The Village of Saranac Lake will use grant funds to assist with the hosting of the 2017 World Snowshoe Federation (WSSF) Championships from February 23-25, 2017. $75,000.00 Tuesday, February 7, 2017 - 19:00 Friday, December 29, 2017 - 19:00
ESD Qosina Corp. Clean Room Construction 66325 Long Island Qosina Corp. Qosina Corp. Clean Room Construction Qosina Corp., a Ronkonkoma distributor of medical supplies will construct a clean room to increase new product assembly operations. $185,000.00
ESD Vassar Brothers Medical Center Patient Pavilion - Phase II 64954 Mid-Hudson Foundation for Vassar Brothers Medical Center Vassar Brothers Medical Center Patient Pavilion - Phase II Phase two of the Patient Pavilion will continue to replace and modernize significant portions of its existing campus, located in the City of Poughkeepsie. This three-phase project entails the renovation of 13,800 square feet in the existing Vassar Brothers Medical Center building and the construction of a 696,440 square-foot bed tower. This phase of the project will involve the pouring of the foundation and footings, as well as the construction of the core and shell of the new pavilion. $2,500,000.00
ESD Parkhurst Field Renovation 68168 Mohawk Valley Parkhurst Field Foundation, Inc. Parkhurst Field Renovation Parkhurst Basefield Field, the oldest recorded field in continuous use as a baseball field, is creating a Tourist destination for baseball enthusiasts. $500,000.00
ESD Common Roots Brewing Expansion 67389 Capital District Common Roots Brewing Company Common Roots Brewing Expansion Common Roots Brewing Company will expand and renovate its existing warehouse to accommodate a new canning line and grain storage, milling and conveyance systems to support continued growth and expansion into new markets. $100,000.00
ESD Staten Island Tourism Proposal Market NY Capital RC6 66538 New York City STATEN ISLAND CHAMBER OF COMMERCE Staten Island Tourism Proposal Market NY Capital RC6 Funds will be used to create a new welcome center to enhance visitors’ experiences, and a new building façade to improve visibility. Additionally the project includes a branding and marketing plan for Staten Island with media and other outreach, a visitor campaign to facilitate bookings, new visitors’ brochures and guides, a website upgrade, and an update to an interactive kiosk at the ferry terminal. $324,738.00 Sunday, December 30, 2018 - 19:00
ESD Owasco Lake Hotel Capital 65217 Central New York S & B LATTIMORE (SPRINGSIDE INN) Owasco Lake Hotel Capital Owasco Lake Hotel, LLC will invest approximately $8.7 million to construct a new upscale, mid-range boutique lake-view hotel, comprised of three buildings totaling 55 rooms, a bar and event facilities in the Town of Fleming, Cayuga County.  The project will be located across from Owasco Lake and Emerson Park, adjacent to an existing 4,000 square foot event center, The Point at Sand Beach. The project will create 30 year-round jobs and close a significant lodging gap in the area. $1,191,000.00 Sunday, April 29, 2018 - 20:00
ESD Voodoo Manufacturing Expansion 62077 New York City Voodoo Manufacturing, Inc. Voodoo Manufacturing Expansion Voodoo Manufacturing is expanding its Brooklyn-based 3D printing factory. It has worked with over 225 companies to bring never-before-possible projects to life. $200,000.00
ESD New York Waterways GlassBarge Working Capital 68363 Southern Tier Corning Museum of Glass New York Waterways GlassBarge Working Capital Corning Museum of Glass will install a mobile glassblowing studio on a canal barge (the “GlassBarge”) to provide live glassblowing demonstrations to the general public at waterfront locations along NY waterways, creating further awareness of the overall region and the Erie Canal as part of the Bicentennial Celebrations. $57,830.00 Monday, February 13, 2017 - 19:00 Sunday, December 30, 2018 - 19:00
ESD Doubleday and Railroad Ave. Redevelopment Plans 67496 Mohawk Valley Otsego Now Doubleday and Railroad Ave. Redevelopment Plans Prepare master redevelopment plans for the last two remaining underutilized spaces within the village of Cooperstown. The first being the historic Doubleday Field in the center of downtown and the second, a cluster of underutilized structures adjacent to Railroad Ave. on the western edge of downtown. $49,500.00
ESD 98 Genesee St. Mixed-Use Project 66723 Mohawk Valley Skyscape Development 98 Genesee St. Mixed-Use Project Private developer will restore and rehabilitate a structure at 98 Genesee Street, downtown Utica. Heating, AC and other services will be replaced. $80,000.00
ESD ADI Lumberyard Waterfront 65464 Capital District American Dance Institute ADI Lumberyard Waterfront American Dance Institute will rehabilitate its waterfront properties in line with Catskill’s Downtown Waterfront Revitalization Plan to create retail/restaurant space, a flexible rehearsal/community/event space, offices and a parking area. $300,000.00
ESD The Brewseum at Lightworks Capital 63681 Central New York Onondaga Historical Association The Brewseum at Lightworks Capital The Onondaga Historical Associates will invest approximately $175,000 to design and renovate approximately 750 sq. ft. at 311 Genant St. to create The Brewseum, a brewery museum, in Syracuse, Onondaga County. $25,000.00 Tuesday, April 25, 2017 - 20:00 Saturday, December 30, 2017 - 19:00
ESD Finger Lakes Vacation Region Simpleview Website Market NY Working Cap RC6 68509 Finger Lakes Finger Lakes Regional Tourism Council Finger Lakes Vacation Region Simpleview Website Market NY Working Cap RC6 The Finger Lakes Regional Tourism Council will use grant funds to develop and implement a new regional website that will offer an improved visitor experience and additionally increase the ability to communicate with ILoveNY.com $75,000.00 Wednesday, April 5, 2017 - 20:00 Sunday, December 30, 2018 - 19:00
ESD Expansion Project 67712 Southern Tier Micatu, Inc. Expansion Project Micatu Incorporated will purchase a facility located at 17 Aviation Drive, Horseheads, NY, formerly known as the Wings of Eagles and Sikorsky facility. The purpose of the acquisition is to relocate the company's corporate headquarters and establish a facility for high tech manufacturing in the Southern Tier. $1,000,000.00
ESD Cell Preservation Services, Inc. Project 66876 Southern Tier Cell Preservation Services, Inc. Cell Preservation Services, Inc. Project CPSI will invest in advance cell processing device development and manufacturing program to establish a research and clinical device manufacturing presence. $200,000.00
ESD Suffolk County Community College Capital 65700 Long Island Suffolk County Community College Suffolk County Community College Capital Suffolk County Community College will construct and equip a Veterans Resource Center on campus to assist veterans in all aspects of transitioning to academia and work. $23,000.00 Wednesday, February 22, 2017 - 19:00 Sunday, April 29, 2018 - 20:00
ESD Burrous Building Stabilization and Redevelopment 65718 Western New York Village of Wellsville Burrous Building Stabilization and Redevelopment The Village of Wellsville will stabilize and restore the historic Burrous Building into a mixed-use commercial, retail and housing anchor in the downtown core. $1,000,000.00
ESD CABVI Expansion 64282 Mohawk Valley Central Association for the Blind, Inc. CABVI Expansion CABVI is purchasing land adjacent to its headquarters at 507 Kent St., Utica. CABVI will develop the land and construct a new building to house the Vision rehabilitation service center and Agency headquarters. The vacated space in the Kent Street building will be reconfigured to much needed manufacturing space for packaging and service employment for people who are legally blind. $1,700,000.00
ESD Coney Island - Mermaid Avenue Revitalization 67853 New York City Alliance for Coney Island, Inc. Coney Island - Mermaid Avenue Revitalization Alliance for Coney Island seeks to study to identify implementable and impactful economic and physical improvements along the Mermaid Avenue corridor and help further its post Sandy recovery. $50,000.00
ESD CONY Family Focused Plan Market NY Working Capital RC6 67026 Finger Lakes Campground Owners of NYS, Inc CONY Family Focused Plan Market NY Working Capital RC6 The project consists of 6 multi-media promotional elements that are designed to increase visitation to New York State and CONY campgrounds and RV parks. $247,347.00 Thursday, May 4, 2017 - 20:00 Sunday, December 30, 2018 - 19:00
ESD Landscape Restoration at Frank Lloyd Wright's Martin House 66035 Western New York Martin House Restoration Corporation Landscape Restoration at Frank Lloyd Wright's Martin House The project will recreate Frank Lloyd Wright’s designs for multiple landscape elements and gardens/site treatments throughout the 1.5 acre Darwin Martin House historic site in Buffalo. It will also support the completion of built-in furnishings, unique paint finishes and custom woodwork on the second floor of the 15,000 square foot house. $275,000.00
ESD Nassau Food Incubator Capital 64763 Long Island Nassau County Nassau Food Incubator Capital Nassau County will partner with local agencies to establish a food manufacturing incubator at The Old Bethpage Village Restoration to support fledgling new food producers. $200,000.00 Wednesday, March 29, 2017 - 20:00 Wednesday, August 30, 2017 - 20:00
ESD Economic Development Using Medical Device Innovation 67962 Western New York The Jacobs Institute Economic Development Using Medical Device Innovation The project will strengthen the health and life sciences industry in WNY by creating a medical device innovation hub which will spur new approaches to vascular disease prevention and treatment while attracting significant outside investment from large medical device companies, providing entrepreneurial opportunities for inventors and startups, and creating meaningful jobs vital to keeping talented young people in our region. $400,000.00
ESD Skalny Science Center Renovation 67204 Finger Lakes St. John Fisher College Skalny Science Center Renovation St. John Fisher will do a partial renovation of the Joseph S. Skalny Science Center (SSC). The building requires substantial updates to align it with current programing and keep pace with industry standards. $440,000.00
ESD Business Improvements and Expansion 66351 Mid-Hudson Efco Products, Inc. Business Improvements and Expansion Efco, Inc. plans to purchase machinery and equipment to increase their capacity and decrease their operating costs, as well as improving worker safety, expanding capacity to support continued growth, thereby protecting their business and workforce. $200,000.00
ESD Historic Rehabilitation Project 64974 Finger Lakes The Little Theatre Film Society Historic Rehabilitation Project The Little Theatre Film Society will renovate the theatre including lobby and accessibility upgrades and general building rehabilitation improvements, helping the historic and cultural landmark endure and thrive through the 21st century.  $225,000.00

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