VIP’s team has taken an active role in assisting our clients in navigating through the Consolidated Funding Application (CFA) process, which has helped foster growth in our region. As the CFA season is upon us, we wanted to send along information about the program should there be any current or past clients who have projects that may be eligible for 2018 funding. Here’s a bit of information regarding CFA:
On July 20, 2011 an historic initiative to transform New York State’s model for economic development and job creation was marked. Nearly 7 years later, over $5.4 billion has been awarded. The money has supported roughly 6,300 projects and accounted for more than 220,000 jobs created or retained throughout the State.
The CFA system marked a fundamental shift in the way State resources are allocated, streamlining and expediting the grant application process through a single-entry point with the goal of improving New York’s business climate and expanding economic growth. Funding resources available through the CFA process support projects in the areas of community development, direct assistance to businesses and other organizations, waterfront revitalization, energy conservation measures, environmental improvements, sustainability, education and workforce development, as well as low-cost financing.
Round VIII of the application process is underway with 30 programs available through 11 state agencies. They include: Empire State Development, NYS Local Corporation, NYS Energy Research & Development Authority, Environmental Facilities Corporation, Homes & Community Renewal, Department of Labor, New York Power Authority, Office of Parks, Recreation and Historic Preservation, Department of State, Department of Environmental Conservation, and Council on the Arts.
To learn more about each region’s strategic plan, implementation agenda, progress reports and/or to obtain a CFA application for your project, visit the Regional Economic Development Council website.