Mid-Hudson Economic Development Updates

News From Governor Hochul

Governor Hochul Announces Major Action to Address Winter Surge and Prevent Business Disruption as COVID-19 Cases and Hospitalizations Rise Statewide

  • Hochul Shares New Yorkers’ Frustration with Winter Surge, Says We Do Not Have to Be Here But We Are
  • Hochul Thanks More than 80% of New Yorkers for Getting Fully Vaccinated and Doing the Right Thing
  • To Protect the Health of New Yorkers, Businesses and Venues Must Implement a Mask Requirement or Require Proof of Fully Vaccinated Status  
  • Hochul Gives Options to Businesses with Mask or Vaccine Requirement  
  • State to Reassess Measure on Jan. 15, 2022
  • See NYS DOH Determination here
  • Frequently Asked Questions here

Governor Hochul Announces Additional $196 Million Awarded Through Round XI of the Regional Economic Development Council Initiative

  • Awards Support 488 Projects from Multiple State Agency Programs through Round XI to Stimulate New York’s Post-Pandemic Recovery
  • Complements $81 Million in Rolling Empire State Development Funding Previously Awarded to Shovel-Ready Regional Projects
  • Full List of Awardees Can be Found Here

Governor Hochul Announces $2 Million in State Funding to Help Afghan Evacuees Resettle in New York State

  • First Gubernatorial Commitment of Funds to NYSESRP Brings Total State Commitment to $5 Million    
  • Enhanced Services to Help Nearly 1,800 Afghan Evacuees Acclimate to Life in New York State 
  • Focus on Helping New Arrivals Reach Economic, Educational, and Social Self-Sufficiency

Governor Hochul Announces Minority and Women-Owned Business Enterprise Utilization Rate Leads the Nation at 30.51 Percent

  • New York State Surpasses 30 Percent Goal for Utilizing MWBEs in State Contracting
  • More than $3 Billion in State Contracts Awarded to MWBEs for Fiscal Year 2020-2021
  • The Full Report Can Be Found Here

Governor Hochul Invites New Yorkers to Celebrate the New Year in the Outdoors with First Day Hikes at State Parks, Historic Sites, Wildlife Areas and Public Lands

  • 11th Annual Event Offers More Than 75 Hikes for New Yorkers to Spend Jan. 1 Enjoying Nature with Friends and Family

 Upcoming Events

NEW: Join Assistant Secretary Alejandra Castillo for an Expert Panel Discussion about the Good Jobs Challenge

EDA’s American Rescue Plan $500 million Good Jobs Challenge aims to connect Americans with the training opportunities they need to develop in-demand skills that lead to good jobs and long-term careers. EDA is seeking applications that will build and strengthen industry-led partnerships with a focus on removing barriers to training, particularly for those workers hit hardest by the pandemic, including women and communities of color.

  • Experts to Discuss Insights, Research, and Strategies on the Design of Effective Workforce Partnerships
  • Expert Panel Discussion, Friday, December 17th 2pm ET
  • Register Here

EDA has several resources to support your application, including FAQs, webinars, an application checklist, and more on our website at EDA.gov.

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/

Project Highlights

Governor Hochul Announces $45 Million in Critical Funding to Propel the Recovery of the Nonprofit Arts and Culture Sector

  • NYSCA’s Round Three Grants Will Invest in More Than 1,000 Organizations and Over 300 Artists Across All 10 Regions Of New York State
  • NYSCA has Awarded More Than $80 million in Agency’s First Three Rounds of Funding

Governor Hochul Announces New York Power Authority’s Economic Development Power Awards Supporting More Than 22,600 Jobs and $633 Million in Private Capital Investments

  • ReCharge NY Power Allocations to Create 560 Jobs
  • NYPA Board of Trustees Also Approve $250,000 in Funding Support for Two Northern New York Enterprises  
  • NYPA to Consider Diversity, Equity, and Inclusion Impacts in Future Applications for Economic Development Awards

Below are Mid-Hudson Region Projects 

  • Allstate Apple Exchange, Inc. Milton, Ulster County
  • Cafe Spice, LLC Beacon, Dutchess County
  • Cafe Spice, LLC New Windsor, Orange County
  • Radio Catskill, Inc. Liberty, Sullivan County
  • Regeneron Pharmaceuticals, Inc. Sleepy Hollow, Westchester County
  • The Gap, Inc. Fishkill, Dutchess County

Governor Hochul Announces $40 Million for Supportive Services to Break Cycles of Homelessness

  • New York State Supportive Housing Program Offers Critical Funding for Services that Help Individuals and Families Avoid Homelessness
  • State Funding Allows 128 Community-Based Organizations to Provide Supportive Services to Vulnerable New Yorkers.

Governor Hochul Announces $145 Million Awarded to 21 Developments Across New York to Provide Nearly 1,200 Affordable Homes

  • Awards Will Inject More Than $500 Million into Local Economies, Further State’s Efforts to Combat Homelessness, Advance Clean Energy Goals
  • Four Developments Part of State Initiative to Promote All-Electric Affordable Homes
  • Two Developments Under the Vital Brooklyn Initiative Designed to Address Disparities in Access to Health and Housing in Central Brooklyn

Governor Hochul Announces $1.85 Million Construction of Flood Resiliency Project on Hudson River

  • Project Will Strengthen Dockside Park in Putnam County From Future High Water

Economic Development Opportunity Highlights

NEW: Governor Hochul Announces $115 Million to Help Local Governments Fund Critical Water Infrastructure Projects Across New York State

  • Projects Located in Capital Region, Central, Finger Lakes, Long Island, Mid-Hudson, Mohawk Valley, North Country, Southern Tier and Western New York Regions
  • Over $33 Million Allocated to Drinking Water Projects that Address Emerging Contaminants

The NYSCA FY2022 Capital Projects Application Portal is now open and accepting submissions!

  • Before you start your application, we encourage you to review the following resources:

Open Today: Register Now for Additional Capital Projects Virtual Office Hours

  • Tuesday, December 14, 2021, 3PM-3:45PM: Register here!
  • These registration links are also available on the NYSCA FY2022 Opportunities page, here.

SBA Announces Updated Guidance Regarding Applicant Deadlines for COVID Economic Injury Disaster Loan Program

  • Agency Strongly Encourages Submission of Supplemental Advance Applications by December 10; All Applications Due by December 31
  • The U.S. Small Business Administration (SBA) announced updated guidance for COVID Economic Injury Disaster Loan (EIDL) program applicants to better serve small business owners in need, while funding remains available. Since its inception, the COVID EIDL program, a federal disaster relief loan designed to better serve and support our small business communities still reeling from the pandemic, especially hard-hit sectors such as restaurants, gyms, and hotels, has approved nearly $300 billion in relief aid. Specifically, the following updated guidance is being provided:
  • EIDL loan and Targeted Advance applications will be accepted until December 31 and will continue to be processed after this date until funds are exhausted.
  • Supplemental Targeted Advance applications will be accepted until December 31; however, the SBA may be unable to process some Supplemental Targeted Advance applications submitted near the December 31 deadline due to legal requirements. The SBA cannot continue to process Supplemental Targeted Advance applications after December 31 and strongly encourages eligible small businesses to apply by December 10 to ensure adequate processing time.
  • Borrowers can request increases up to their maximum eligible loan amount for up to two years after their loan origination date, or until the funds are exhausted, whichever is soonest.
  • The SBA will accept and review reconsideration and appeal requests for COVID EIDL applications received on or before December 31 if the reconsideration/appeal is received within the timeframes in the regulation. This means six months from the date of decline for reconsiderations and 30 days from the date of reconsideration decline for appeals – unless funding is no longer available.

List of Economic Development Resources

Funding Opportunities:

  • Business Pandemic Recovery Initiative
  • Regional Economic Development Council Round 11
    • Funding is still available through the open enrollment programs, including the ESD Capital Grant Fund.
    • Interested parties are encouraged to apply by December 31, 2021.
    • Learn more about the funding programs at www.regionalcouncils.ny.gov/mid-hudson
  • 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:

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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