Over the past twelve years, the Regional Economic Development Councils (REDCs) in New York have played a vital role in revitalizing New York State's economy through a bottom-up, community-based, and performance-driven approach to economic development. These councils empower regional stakeholders to create private sector jobs, drive private investment, and revitalize cities, towns, and neighborhoods.
The Consolidated Funding Application (CFA) is a key tool used by REDCs to identify and invest in significant economic development projects. It combines core capital and tax-credit funding with various agency programs to support community revitalization and business growth aligned with the REDC plans. This year, Round XIII includes $225 million in grants and tax credits, creating substantial opportunities for businesses.
As New York State continues to make crucial investments to generate economic activity, securing funding through REDCs and CFAs becomes increasingly important. MSPEN Consulting, with its proven expertise and track record, stands out as the premier firm to help you navigate this complex landscape. By choosing MSPEN Consulting, you position your community, nonprofit, and/or business for success by maximizing your chances of securing funding and contributing to the economic growth of New York State.
MSPEN Consulting, led by Morgan Spencer, offers unparalleled expertise and a track record of success in securing funding through the REDC and CFA processes. Morgan Spencer's 18 CFA awards demonstrate deep understanding of the intricacies involved in securing funding in New York State.
The REDC programs for Round 13 provide substantial funding opportunities across various sectors. Here are some key programs and funding allocations from different state agencies:
Whether you're looking for market expansion, innovation support, or community development, this overview will help you understand the funding landscape in New York State. To further explore the opportunities available through REDCs and this year's CFAs, email MorganSpencer@MSPEN.us or call 323-605-1764.