Mid-Hudson Economic Development Updates

News From Governor Hochul

Governor Hochul Announces $272 Million for Water Quality Improvement Projects across the State

  • Round XI Regional Economic Development Council Awards Funding for 179 Projects to Update Aging Water Infrastructure, Combat Harmful Algal Blooms, Protect Drinking Water, and Prevent Potential Contamination

Governor Hochul Announces New Funding to Help Counties with COVID-19 Response Costs

  • Assistance to Cover Costs Associated with Vaccine, Booster, Tests, and Mask-Related Expenses
  • Funds Help Counties Combat Rise in Cases During Holiday Season Surge
  • Getting Vaccinated, Boosted and Wearing Masks Continue to be the Best Ways to Stay Safe During Season of Indoor Gatherings

Governor Hochul Announces $230 Million In Additional Food Assistance for New Yorkers in December

  • Supplements Bring More Than $2.4 Billion in Additional Food Benefits in 2021
  • All SNAP Households to Receive the Maximum Level of Food Benefits

Governor Hochul Announces 200,000 Meals Will Be Delivered to Communities in Need Through the Restaurant Resiliency Program During the Holiday Season

  • $25 Million Program Builds on the Successful Nourish New York Initiative, Providing a Boost to Struggling Restaurants While Feeding Families in Need
  • Restaurants in the Program Represent Diversity of New York State Regions and Communities

Governor Hochul Announces Completion of Holiday Toy, Coat and School Supply Drive to Support New Yorkers in Need

  • 5,355 Donations Collected

Upcoming Events

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 $35 Million for at Least 1,400 Supportive Housing Units across New York State

  • Supportive Housing Units Will Help Veterans, Victims of Domestic Violence, Frail or Disabled Senior Citizens and Other Vulnerable Populations
  • Sixth Round of Empire State Supportive Housing Initiative Awards Includes 192 Awards to Housing Providers in Every Region of the State

Economic Development Opportunity Highlights

New: Governor Hochul Announces $30 Million to Incentivize Development of Decarbonized Homes and Neighborhoods

  • Initiative Will Provide Training and Technical Support to Builders and Developers to Advance the Single-Family Carbon Neutral Housing Market
  • Supports the Climate Leadership and Community Protection Act’s Nation-leading Goal to Reduce Greenhouse Gas Emissions 85 Percent by 2050

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

Additional Capital Office Hours!

  • Click on the registration links below to learn more about the sessions and submit your questions in advance:
  • Tuesday, December 21, 2021, 3PM-3:45PM: Register here!
  • Thursday, January 6, 2022, 3PM-3:45PM: Register here!
  • Friday, January 7, 2022, 3PM-3:45PM: Register here!
  • Monday, January 10, 2022, 11AM-11:45AM: Register 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.

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
    • 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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