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 Medgar Evers- Selfiepay 64877 New York City Selfiepay, Inc. Medgar Evers- Selfiepay Medgar Evers College is the first START-UP NY site in the city. To carry out this program, the college is renting space at the Brooklyn Navy Yard, initially to accommodate Selfiepay, Tuki and Derbywire — three tech startup companies. Funding will help pay for fit-out of space for the companies. Selfiepay is a mobile payment wallet that uses facial recognition for payment verification. It will provide Brooklyn merchants access to bio-metric software to conduct safe transactions in the community. $500,000.00
ESD Patchogue Gateway Transportation Center 68097 Long Island Suffolk County Patchogue Gateway Transportation Center Suffolk County will construct a bus rapid transit station in the Village of Patchogue to further support the Suffolk County transportation plan. $300,000.00
ESD Regional Pathfinder Project 67283 Mid-Hudson Greater Hudson Heritage Network Regional Pathfinder Project Funds will be used to produce a comprehensive plan of furthering the Hudson Valley/Catskills Region Path Through History project, by uniting our region in advancing heritage tourism and providing training and programming templates. $9,238.00
ESD Griffiss Institute Incubator 66436 Mohawk Valley Griffiss Institute Griffiss Institute Incubator The Griffiss Institute (GI) business incubator located on the Griffiss Business and Technology Park in, Rome NY provides a place in the Mohawk Valley that startups and growing small businesses can access a wide range of support including: office space, mentoring, marketing assistance, collaboration with the Air Force Research Laboratory, access to Air Force patented intellectual property and licensing, and business outreach to access the broader marketplace. $125,000.00
ESD Northern Chautauqua County Economic Development Strategy 65067 Western New York Northern Chautauqua Community Foundation Northern Chautauqua County Economic Development Strategy Northern Chautauqua County will develop a strategic economic development plan to identify and prioritize projects and funding needs. $40,000.00
ESD Wyandanch Train Station 68311 Long Island Town of Babylon Wyandanch Train Station The Town of Babylon will construct a new LIRR Train Station in the Opportunity Agenda area of Wyandanch. $900,000.00
ESD Immunotherapy Development Project 67431 Western New York Roswell Park Cancer Institute Immunotherapy Development Project Roswell Park’s Center for Immunotherapy (CFI) development project enhances the infrastructure of the CFI and supports WNY’s ability to deliver world-class cancer care. It will also cultivate a rich R&D environment for biotech companies; promote entrepreneurial activities; serve as a stimulus for investment by the pharmaceutical industry and help to sustain long-term economic development in health and life sciences in WNY. $250,000.00
ESD BOA Downtown Redevelopment 66593 Western New York City of Olean BOA Downtown Redevelopment The City of Olean will use these funds for the construction of public infrastructure improvements including two new roundabouts on Main Street with added bike lanes and new sidewalks to service future housing and commercial development. Funds will also be used for the environmental abatement and demolition of a former DPW facility to facilitate new commercial redevelopment near the downtown. $400,000.00
ESD Capital Improvements to Staten Island Museum 65328 New York City Staten Island Museum Capital Improvements to Staten Island Museum The Staten Island Institute Museum, located two blocks from the Staten Island Ferry Terminal, is seeking funds to make necessary upgrades to accommodate increasing numbers of visitors. The century old building needs wheelchair accessible restrooms, an auditorium upgrade, the installation of emergency lighting, a sprinkler system, and a fire alarm system. The inefficient air conditioning system must also be replaced. $45,000.00
ESD Nursing School Expansion 63508 Finger Lakes Rochester General Hospital Nursing School Expansion Rochester General Hospital will double the capacity of the Isabella Graham Hart School of Practical Nursing through the acquisition and renovation of a vacant building on Portland Avenue in the City of Rochester. $1,100,000.00
ESD Business Development 68434 North Country Hemo Medica, LLC Business Development Hemo Medica will create a new pharmaceutical business, purchasing new equipment and a vacant building, upgrading it to a current Good Manufacturing Practices (cGMP) production plant and lab. $1,555,000.00
ESD Industrial Metals Expansion 67652 Long Island Industrial Metals International, Ltd. Industrial Metals Expansion Industrial Metals International, a Ronkonkoma aerospace company, will purchase equipment to expand its capabilities, improve efficiency, and increase it export capacity $25,000.00
ESD Stride SHARE Center 66812 Capital District STRIDE, Inc. Stride SHARE Center STRIDE, Inc. will redesign existing buildings in West Sand Lake to align with its mission and goals and to fit the needs presented by the special needs community. The redesign will address accessibility and create a multi-purpose program area, meeting/conference space, an adaptive exercise area and a family lounge. $100,000.00
ESD P1 Advanced Manufacturing Center 65554 Capital District DHA Holdings, Inc. P1 Advanced Manufacturing Center P1 Holdings will construct an advanced manufacturing center that enables the company to develop new, high tech manufacturing capabilities, train in the new software/hardware world of manufacturing and position the company to enter new markets and increase manufacturing work. $750,000.00
ESD Tuxedo Sloatsburg Corridor Revitalization Project 63894 Mid-Hudson Tuxedo Hudson Management, LLC Tuxedo Sloatsburg Corridor Revitalization Project The Tuxedo Sloatsburg Corridor Revitalization Project's Phase II will transform an underdeveloped stretch of Route 17, encompassing parts of Tuxedo and Sloastburg, into an attractive gateway to the Catskills. This project includes renovation of the Tuxedo Market, the Tuxedo Tavern, and The Sloatsburg Garden Hotel, the Sloatsburg Antiques/Art Center and the Sloatsburg Farm. $750,000.00
ESD The Security Building Restoration Project 68592 Mohawk Valley Bowers Development, LLC The Security Building Restoration Project Renovate a downtown Utica mixed-use building featuring commercial, retail, and residential space. “The Security Building” is a five-story abandoned, blighted and contaminated building starving for investment located half a block from the “Busy corner”, corner of Genesee and Bleecker streets. $500,000.00
ESD Marquart Rail Project 67742 Finger Lakes Marquart Dairy, LLC Marquart Rail Project The project is for a new Trans-load Multi-Modal Railroad site in Wyoming County. The new railroad site will have the ability to accommodate shipments, service new and existing clients. $1,500,000.00
ESD Shortwave Infrared Spectrometer 66949 Finger Lakes Rochester Institute of Technology Shortwave Infrared Spectrometer Acquisition of a SWIR Spectrometer to be added to the RIT funded sensors to enable UAV remote sensing/imaging research supporting agriculture. $188,000.00
ESD Conservatory Restoration Project 65867 New York City The New York Botanical Garden Conservatory Restoration Project Grants funds will be used to help with the addition of LED lighting which will increase energy efficiency, create dynamic and vibrant visitor experiences and augment the landmarked Conservatory's status as a tourist attraction facility. $100,000.00
ESD Greenhouse Expansion Project 64392 Mohawk Valley Brightwaters Farms Greenhouse Expansion Project Brightwaters Farms will invest in needed improvements in its system of greenhouses including new facility roofs and boiler upgrades in order to retain the business and be competitive. $300,000.00
ESD The Park Theater 67911 Capital District EASM Properties, LLC The Park Theater Renovations to the historic Park Theater to establish new performance space and a restaurant in Glens Falls. $600,000.00
ESD Aquarium Renovation Project 67077 Western New York Aquarium of Niagara Aquarium Renovation Project The Aquarium of Niagara will construct a new penguin exhibit for its colony of Humboldt Penguins, one of the Aquarium’s premier attractions. The new Humboldt Penguin Exhibit will attract additional visitors of all ages to the facility and Niagara Falls with exciting new programming and interactive features while also supporting the Aquariums application for accreditation from the Association of Zoos and Aquariums (AZA). $300,000.00
ESD 22 Main Street Revitalization Project 66128 Mohawk Valley Village of Cooperstown 22 Main Street Revitalization Project The Village of Cooperstown will restore and make ADA-compliant 22 Main Street, a historic building in the downtown which houses the village offices, public safety offices, public library, art association and serves as the principal location of community events. $120,000.00
ESD North Country Innovation Hot Spot 64884 North Country Shipley Center for Innovation at Clarkson University North Country Innovation Hot Spot The Shipley Center for Innovation at Clarkson University is uniquely positioned to offer expert consultation in job and business creation and retention. Shipley has access to university resources, such as subject matter experts and student interns. The Shipley Center assists innovators and entrepreneurs from the ideation stage through business formation, market entry, customer acquisition, and onward. $250,000.00
ESD One North Depot Mixed Use Project 68131 Southern Tier North Depot Development, LLC One North Depot Mixed Use Project This development project consists of affordable commercial space, housing, shared work space, and new green space close to the City's urban core. The purpose of this project is to attract new jobs, new small business, and retain skilled workers and local college graduates to the vibrant revitalization of downtown Binghamton. A primary focus of the redevelopment project will be to preserve the historic integrity of the structure. $1,500,000.00
ESD Job Training and Support Center 67287 Southern Tier The Salvation Army Job Training and Support Center The Salvation Army will develop a new Community Center that will operate as a job training and support center. $1,700,000.00
ESD Caroga Primary Care Facility 66447 Mohawk Valley Nathan Littauer Hospital Nursing Home, Inc. Caroga Primary Care Facility Nathan Littauer Hospital will replace the aging Caroga Primary Care Clinic with a modern, up-to-date primary care facility which will also include behavioral health services. $46,000.00
ESD Stockade Works Project 65071 Mid-Hudson RUPCO, Inc. Stockade Works Project RUPCO, Inc.'s planned redevelopment of a defunct 70,000 square foot factory in City of Kingston, Ulster County will allow the site to be repurposed by an anchor tenant in the film and television industry creating an opportunity for the creation of jobs and training for Film/TV production and post-production studio, and add a maker's space for entrepreneurs. $1,000,000.00
ESD Railroad Avenue Neighborhood Reconstruction Project 68316 Mohawk Valley Village of Cobleskill Railroad Avenue Neighborhood Reconstruction Project The Village of Cobleskill will complete center street improvements, replacing water, sewer, storm piping and pavement on several Village streets including Railroad Ave., Division Street, Veterans Drive and South Grand Street. $150,000.00
ESD Modern Meadow Manufacturing Facility 67438 Long Island Modern Meadow, Inc. Modern Meadow Manufacturing Facility Modern Meadow Inc., a START-UP NY company currently located in Brooklyn, will lease space at Farmingdale State College Bio Park for research, development and manufacturing of bio-fabricated leather products. $1,000,000.00
ESD Edelweiss Dairy Facility Expansion 66647 Western New York Edelweiss Dairy, LLC Edelweiss Dairy Facility Expansion Edelweiss Dairy Farm will replace its existing Freedom Farm facility with a new 2,400 cow facility with improved high efficiency LED lighting, VSD controlled ventilation fans, compressors, chillers and heat exchanges. $1,000,000.00
ESD Poughkeepsie Landing Waterfront Redevelopment Project 65355 Mid-Hudson Poughkeepsie Waterfront Development, LLC Poughkeepsie Landing Waterfront Redevelopment Project Poughkeepsie Waterfront Development, LLC proposes to redevelop a 14-acre parcel along the southern waterfront in the City of Poughkeepsie to include the Expansion of the marina, doubling the capacity for seasonal and transient boaters to visit; a high-end Marina Club, which includes a pool, and restaurant; an 80,000-sq.ft. mixed-use building with restaurants, spa, and shops on the ground floor, and apartments on the second floor, and public-access amenities, including green spaces and a connector to the Dutchess Rail Trail. $2,000,000.00
ESD Family Partnership Center Campus Revitalization Project 63509 Mid-Hudson Family Services, Inc. Family Partnership Center Campus Revitalization Project Family Services, Inc. a not for profit that is integral to the continued revitalization of the City of Poughkeepsie, plans to upgrade their sprawling human services hub located in downtown Poughkeepsie to better serve their clients. $100,000.00
ESD Allen Street Streetscape Project 68445 Western New York City of Buffalo Allen Street Streetscape Project The City of Buffalo will construct a pedestrian and bicycle path connecting Washington and Oak Streets on the Buffalo Niagara Medical Campus and Allen Street streetscape improvements such as sidewalk repairs, installation of traffic signals, LED lights and signage and landscaping, including trees and street furniture resulting in increased patronage of area businesses, restaurants and cultural attractions; small business development; and the creation of a better-connected and more pedestrian friendly community. $600,000.00
ESD Ironman 70.3 67654 North Country LPEC Quality Destination, Inc. Ironman 70.3 Grant funds will be used to host a new internationally recognized Ironman 70.3 event, in Lake Placid, for 5 consecutive years starting in September of 2017. $50,000.00
ESD Downtown Riverhead East End Market 66818 Long Island North To South Real Estate, LLC Downtown Riverhead East End Market North to South Real Estate will convert a vacant, deteriorating building in Downtown Riverhead into the Riverhead East End Market which will serve as a Food Market/Production Center. $200,000.00
ESD GFS Media Center 65577 New York City GFS, Inc. GFS Media Center The Ghetto Film School is an educational and workforce development organization that is building a Culture and Media Center. The center will provide a venue for community events, educational programming, screenings and other programs that connect South Bronx residents and students with filmmakers and other professionals in an industry that is rapidly growing in New York. $180,000.00
ESD Iroquois Indian Museum Marketing Initiative 63902 Mohawk Valley Iroquois Indian Museum Iroquois Indian Museum Marketing Initiative Grant funds will be used to further extend the current marketing outreach by promoting a diverse series of events and exhibitions in 2017 at the Iroquois Museum. $20,000.00