Dear Niagara USA Chamber Members,
I wanted to take a moment to provide you with an update on the Consolidated Funding Application (CFA) process and, in particular, the information on four CFA workshops that will take place across the WNY region. The funding application is now available online at the REDC website and is open for anyone interested in applying for state resources. Each region’s progress will once again be reviewed at the end of this round to encourage the implementation of the REDC’s strategic plans and to motivate investment opportunities and job creation. The Councils will be competing for up to $150 million in capital funds and $70 million in Excelsior Tax Credits for projects identified by the REDCs as priorities in their regions. Five regions identified as “top performers” will receive $25 million each for priority projects and the remaining will compete for the balance of $25 million. Each region is also eligible for up to $10 million in tax credits. (more…)