The Central NY Business Journal reported on the state's announcement today about $120 million in available grants to finance business investment, infrastructure upgrades, and downtown redevelopment projects in upstate New York.
The new Upstate Regional Blueprint Fund grants will help stimulate growth throughout the region, help attract companies, improve commerce, and revitalize local economies, according to the state. Empire State Development will administer the grants.
"The road to fiscal recovery must focus on spending our resources wisely and making investments that advance businesses, improve our infrastructure, and turn blighted areas into inviting town centers," Gov. David Paterson said in a news release. "This fund will help to create the opportunities that create jobs and keep our entrepreneurs, workers, and families in New York."
Eligible grant applicants include municipalities, businesses, academic institutions, and nonprofits. Awards will range from $100,000 to $5 million. The program will give a preference to requests for loans, with principal repayments able to be recycled for future projects.
ESD regional office directors will review all applications. The first round of applications is due June 15 and awards will be announced Aug. 17. More information is available at www.nylovesbiz.com.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment