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Consolidated Funding Application Workshops Announced

September 29, 2011

As you may know, a part of Governor Andrew Cuomo’s transformative plan to improve the state’s economic development model includes the introduction of a NYS Consolidated Funding Application. The CFA was created to streamline and expedite the state-assistance application process. The CFA marks a fundamental shift in the way state resources are allocated, ensuring less bureaucracy and greater efficiency to fulfill local economic development needs.

Using the CFA as the single point of entry for access to $1 billion in economic development funding, applicants will no longer have to slowly navigate multiple agencies and sources without any mechanism for coordination. Now, economic development projects will use the CFA as a support mechanism to access multiple state funding sources through one application, making the process quicker, easier and more productive.

The nine state agencies and authorities whose funding will be made available through the CFA process are Empire State Development; NYS Canal Corporation; Energy Research and Development Authority; Environmental Facilities Corporation; Homes and Community Renewal; Department of Labor; Parks, Recreation and Historic Preservation; Department of State; and Department of Transportation. Applicants must submit their CFAs by October 31, 2011.

In addition, the New York Power Authority and Economic Development Power Allocation Board (EDPAB) will be using the CFA to implement “Recharge New York,” a new, low-cost power program for New York businesses and not-for-profits. CFAs for Recharge will be due November 30, 2011.

Application materials and a guidebook are available online at http://nyworks.ny.gov. Once the CFA is submitted by the applicant, it goes to the local Regional Economic Development Council to be reviewed and ranked as part of its strategic planning process.

To help potential applicants better understand the CFA process, a series of Workshops have been scheduled statewide, including Mohawk Valley sessions in Utica on the evening of Oct. 5, and in Cobleskill on the afternoon of Oct. 6. The workshops will include an overview of the application process, as well as breakout sessions covering the areas of Business Assistance, Community Development, and Energy and the Environment.

CFA Workshop Flyer_Mohawk Valley_Utica_20110929.pdf

CFA Workshop Flyer_Mohawk Valley_Cobleskill_20110929.pdf

MOHAWK VALLEY Detail Utica State Office Building 2011_10_05 (3).docx

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