Round XI will award more than $750 million across all 10 REDC regions to Build Back Better in a Post-COVID Economic Recovery. Round XI includes two major components:
1) Empire State Development Capital Grants – Rolling Applications
2) Other Participating State Agencies – July 30th Deadline for Submission of Projects from all 10 regions submitted through the CFA will be eligible for over $525 million in other state agency funds, which are available on a set timeline. Regional Economic Development Councils will review these projects and provide scores that reflect how well a project aligns with a region’s goals and strategies. Deadline for applications to be submitted for projects in this category is July 30 at 4:00 p.m.
As part of Governor Cuomo’s efforts to improve the State’s economic development model, the Consolidated Funding Application was created to streamline and expedite the grant application process. The CFA serves as the single-entry point for access to economic development funding, ensuring applicants no longer have to slowly navigate multiple agencies and sources without any mechanism for coordination.