The governor highlighted several projects from this round of funding including:
Lowville Producers Dairy Cooperative, Inc., which received a $1.3 million ESD grant and a $500,000 Excelsior Jobs tax credit to purchase, renovate, and operate the Queensboro dairy-processing plant in Canastota. The $6.6 million project will create 16 new jobs.
Stark Truss Company, Inc., which received a $100,000 ESD grant and a $200,000 tax credit to build a new manufacturing facility in Griffiss Business and Technology Park in Rome. The wood-components manufacturer and supplier will create 13 new jobs with the $2.3 million project.
(Sponsored)
Assessing the Likely Tax Impacts of the 2024 Election
President-Elect Donald Trump will return to the White House in 2025 — a year that already was expected to see significant activity on the federal tax front. A projected unified
Criminal Liability for Employment Law Violations?
New York employers are often surprised to learn that wage law violations can lead to criminal penalties in addition to financial penalties. Whether payroll is outsourced, or a staffing agency
The Treehouse Hourly Child Care, LLC, which received a $170,000 ESD grant to purchase and renovate a building to expand its daycare services in Watertown. The project total is $850,000.
The full list of funding recipients for this round is available online at https://regionalcouncils.ny.gov/sites/default/files/2022-11/REDC_Round_12_Award_Bookelt.pdf.
To date, the REDC initiative has awarded more than $7.8 billion to projects that created more than 9,600 new jobs.
The application for ESD grant funds remains open with applications reviewed on an ongoing basis.
Applicants with shovel-ready projects that align with the state and their region’s economic-development priorities can apply through the consolidated funding application online at apps.cio.ny.gov/apps/cfa/.
The state’s 10 regional councils are public-private partnerships made up of local experts and stakeholders from business, academic, local government, and non-government organizations.
