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Governor Launches Ninth Round of Regional Economic Development Council Competition

April 29th, 2019

This week, Governor Cuomo launched the ninth round of Regional Economic Development Council Initiative which will officially kick off the 2019 competition for more than $750 million in state resources. The Consolidated Funding Application will open to applicants on May 1, enabling businesses, municipalities, not-for-profits and the public to begin applying for assistance from a variety of state programs, through a single application, for job-creation and community development projects. The core funding includes $225 million in grants and tax credits to fund regional projects. The other $525 million in resources will come from State agencies available to support community revitalization and business growth. Regional Council priorities for 2019 include:
  • Supporting community investment in placemaking and downtown revitalization;
  • Supporting the Workforce Development Initiative;
  • Working with local businesses and communities to identify childcare needs and develop potential solutions;
  • Developing an economic and environmental justice strategy for the region; and
  • Tracking the progress of the strategic economic development plan and projects funded through the Consolidated Funding Application (CFA).
Governor Cuomo said:
“It is critical that every New Yorker has access to the resources and mental health services they need to lead stable, healthy lives. As we continue to bolster prevention efforts in communities across the state, especially among high-risk groups, these recommendations will help increase awareness and strengthen the safety net to protect anyone who needs help.”
The 2019 REDC Guidebook and list of available resources will be accessible at http://www.regionalcouncils.ny.gov/. The CFA will open to applicants on May 1, and the deadline for applications is Friday, July 26 at 4 p.m. For applicants, the CFA is available at https://apps.cio.ny.gov/apps/cfa/.