Mid-Hudson Economic Development Updates

News From Governor Hochul

ICYMI: 2022 State of the State

Governor Hochul Announces Billion Dollar Rescue Plan for Small Businesses and Strengthen New York’s Economic Recovery

  • New Tax Credit Will Provide Relief To Small Businesses Taking On COVID-Related Capital Expenses
  • Small Business Lending Initiative Will Provide Accessible Loans To Expanding Small Businesses
  • Governor Will Propose Legislation Permanently Allowing the Sale of To-Go Drinks in Bars and Restaurants

Governor Hochul Announces New $1 Billion ‘ConnectALL’ Initiative to Bring Affordable Broadband to Millions of New Yorkers

  • ConnectALL Initiative to Transform New York’s Digital Infrastructure
  • First-Of-Its-Kind Interactive Broadband Map to Support Consumer Decision-Making and Identify Areas for Investment
  • New Grant Programs and Partnerships to Expand Broadband Access, Affordability, and Equity Statewide
  • Removal of State Fees, Outdated Regulations to Support Growth of Broadband in Rural and Underserved Areas

Governor Hochul Announces Up To $30/Month Discount With Federal Affordable Connectivity Program

  • New York State Launches Comprehensive Plan to Improve Broadband Access and Affordability for All New Yorkers
  • Connectivity Program Part of Governor’s State of the State Proposal for $1 Billion in New Broadband Investment Under the Governor’s ConnectALL Initiative, See Here
  • Over 2 Million Low-Income Families Can Benefit from Internet Connectivity

Spanish Translation: La Gobernadora Hochul Anuncia Un Descuento De Hasta $30 Por Mes Con El Programa Federal De Conectividad Asequible

  • El Estado de Nueva York Lanza un Plan Integral Destinado a Mejorar el Acceso y la Asequibilidad de la Banda Ancha Para Todos los Neoyorquinos
  • El Programa de Conectividad Forma Parte de la Propuesta Presentada por la Gobernadora en el Estado del Estado, el Cual Cuenta con una Inversión de $1,000 Millones en Banda Ancha Bajo la Iniciativa ConnectALL de la Gobernadora; más Información Aquí
  • Más de 2 Millones de Familias de Bajos Ingresos se Beneficiarán de la Conectividad a Internet

Governor Hochul Announces Comprehensive Plan to Strengthen New York’s Workforce and Help Grow the Economy

  • Seven-Pronged Initiative Will Overhaul Workforce Development in New York to Focus on Regional Needs, Expand Access to New Careers and Career Services, and Recruit the Next Generation of New York’s Labor Force
  • Plan Will Establish New York as a National Model for the Employment of Individuals with Disabilities and Strengthen Protections for All Workers

Governor Hochul Announces Plan to Revitalize SUNY and Secure its Place as a Global Leader in Higher Education

  • Governor Hochul’s Bold Plan for SUNY Will Expand the System’s Reach with Global, National and Regional Research Institutions
  • SUNY Institutions Will Take Major Steps to Reduce Student Debt and Connect Students with Successful Careers
  • New Initiatives Will Increase Equity Among SUNY Students, Helping Students from Diverse Backgrounds Graduate and Thrive

Governor Hochul Announces Direct Payments to Healthcare Workers as Part of $10 Billion Healthcare Plan

  • Largest Ever Investment Will Grow New York Healthcare Workforce by 20 Percent Over Five Years
  • Invests $4 Billion in Wages and Bonuses, Including $3,000 Retention Payments to Full-Time Healthcare Workers
  • Retains, Rebuilds, and Grows Healthcare Workforce Through ​Wages, Bonuses, Cost of Living Adjustments, Strengthened Career Pipeline, Expanded Access to Training and Education
  • Strengthens Healthcare System with Investments in Infrastructure, Access and Delivery

For full “New Era for New York” Agenda including a link to the State of the State Book, click here.

Upcoming Events

NEW: Global NY CARICOM-Caribbean Trade Webinar Thursday, January 20, 2022 9:00-10:00 AM EST

  • Considered part of the “Third Border” of the United States with 20 countries and 16 million consumers, the CARICOM-Caribbean region has strong trade ties with the U.S. and there is growing demand for American products.  In 2019, New York State exported approximately $1.5 Billion in goods and services to Caribbean markets.
  • Register Here

New York State Innovation Summit October 25 – 26, 2022

NYSTAR and FuzeHub invite you to join us for the New York State Innovation Summit on October 25-26, 2022 at the Buffalo Convention Center in Buffalo, NY.

  • This multi-day event is for New York State-based organizations that want to showcase and discover new and emerging technologies that support innovation and drive business growth.
  • Whether you’re a startup, an economic developer, or an established manufacturer, the NYS Innovation Summit is for you.
  • Learn more about the Summit and watch the recap from 2021 below to see what you’ll get to experience next year.
  • Learn More Here

Project Highlights

Governor Hochul Announces Completion Of $1.8 Million Initiative To Improve Wallkill Resiliency And Emergency Response

  • Part of $3.1 Million Plan to Help Wallkill Adapt to Climate Change
  • Will Reduce Flooding During Future Storms and Protect and Improve Infrastructure

Economic Development Opportunity Highlights

NEW: Governor Hochul Announces 17 Projects Eligible to Compete Through $85 Million New York Clean Transportation Prizes Program

  • $3 Million in Grants and Services Awarded to Teams to Advance Solutions that Reduce Air Pollution, Enhance Electrification, and Grow Mobility in Underserved Communities
  • Supports the Climate Leadership and Community Protection Act’s Nation-Leading Goal for an 85 Percent Reduction in Greenhouse Gas Emissions by 2050

NYS Community Development Block Grant  (CDBG)

  • CDBG-CV (Coronavirus) Funds are available to help businesses and communities prepare, prevent, and respond to the Coronavirus. Applications are accepted on a rolling basis from units of local government and qualified non-profits.
  • CDBG-CV Notice of Funding Availability (NOFA) can be foundhere
  • CDBG-CV Request for Application can be foundhere

Reminder: The NYSCA FY2022 Capital Projects Application Deadline is January 14, 2022!

NEW: FuzeHub 2022 Manufacturing Grants – Round 1 – Awards up to $50K Each | Deadline is February 4, 2022

  • Eligible Applicants: New York State not-for-profit organizations that partner with at least one New York State small to medium-sized manufacturer
  • Eligible Partner Manufacturers: Each manufacturer (industry partner) identified in the application will need to evidence:
  • At least one physical establishment in New York State, and no more than 500 employees across the entire firm or enterprise worldwide;
  • Registration with Dun & Bradstreet evidenced by a D&B account number. The D&B profile must include a manufacturing North American Industry Classification System (NAICS) code. See guidelines for list of eligible NAICS codes.
  • At least 4 awards will be granted to projects in which the industry partner is a startup manufacturer who does not request funds toward the cost of purchasing equipment. For the purposes of this grant, a startup is a company that has:
  • Less than $2M in revenue to date; and
  • Been in business for 5 years or less (7 for life science, biomedical, or medical device companies).
  • Apply Here

Reminder: Pandemic Small Business Recovery Grant Program still available

$800 million in funding for small businesses – including for-profit arts and cultural institutions that were impacted by the COVID-19 pandemic.

Take the Broadband Service Survey!

  • New York State Department of Public Service (DPS) and ECC Technologies are conducting a survey of consumers on the status of broadband services availability and use at homes and businesses.
  • Please help distribute this survey to your contacts!
  • The survey can be accessed here: https://www.empirestatebroadband.com/

List of Economic Development Resources

Funding Opportunities:

  • Business Pandemic Recovery Initiative
  • Regional Economic Development Council Round 11
  • New York State Council on the Arts (NYSCA) FY2022 funding
  • Workforce Development Initiative
    • Second Round of Funding Makes $48 Million Available to Help New Yorkers Find Quality, Well-Paid Jobs and to Meet the Short and Long-Term Workforce Needs of Businesses
    • Find the 2021 Guidebook, Program Guidelines and Webinars HERE
  • Restaurant Return-to-Work Tax Credit Program
    • The $35 million Restaurant Return-to-Work Tax Credit Program provides an incentive to COVID-impacted restaurants to bring restaurant staff back-to-work, and to increase hiring at NYS restaurants.
    • Qualifying businesses are eligible for a tax credit of $5,000 per new worker hired, up-to $50,000 per business. 
    • The Program is open to eligible restaurants located in New York City, or in an area outside of New York City that was designated an Orange or Red Zone for at least thirty consecutive days.
  • Global New York
    • Global NY helps New York businesses enter or expand their presence in the global marketplace.
    • Programs connect companies with sales agents and distributors abroad and offset the costs of exporting with grants and loans.
    • By participating in our trade missions, New York businesses can create and reinforce global connections and partnerships.
  • New York Power Authority’s (NYPA) ReCharge NY Program
  • NYSERDA
  • Utility Economic Development Programs
  • Federal Grants
    • Federal Economic Development Funding – EDA American Rescue Plan Programs
      • Good Jobs Challenge: $500 million for Industry-led training programs, designed to provide skills for and connect unemployed or underemployed workers to existing and emerging job opportunities. Three project types: System Development, Program Design and Program Implementation.
        • Deadline: January 26, 2022
        • Eligibility: State & local governments, higher education institutions, not-for-profit organizations
      • Economic Adjustment Assistance: $500 million available through EDA’s most flexible program. Wide range of technical, planning, workforce development, entrepreneurship, and public works and infrastructure projects are eligible for funding under this program.
        • Deadline: March 15, 2022 (suggested; applications reviewed on a rolling basis)
        • Eligibility: State & local governments, higher education institutions, not-for-profit organizations
      • See all the EDA American Rescue Plan Programs HERE

Technical Assistance for Businesses:

Workforce Development Resources:

  • Free Online Platform for New Yorkers to Learn New Job Skills, Earn Certificates & Advance Their Careers: Create a free account with Coursera Here

Resources for Employers:

  • NY State of Health: Shop here to see what health insurance options are available to you, your family, and your business
  • Child Care:Parents in need of free child care resources and referrals are encouraged to visit www.HVChildCare.org, where they can enter their zip code to immediately find the name and contact information of the agency that serves their location.
  • NYS DOL Shared Work Program: New York State’s DOL Shared Work Program helps businesses manage business cycles and seasonal adjustments. Shared Work lets businesses keep trained staff and avoid layoffs. Employees can receive partial unemployment insurance benefits while working reduced hours. Full-time, part-time and seasonal employees are eligible.

Data and Reports:

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