Monday, May 4, 2015

2015 Consolidated Funding Application

The 2015 Consolidated Funding Application competition has begun.  The application became available on May 1, 2015, and applications must be submitted by 4:00PM on July 31, 2015.

This year's competition covers two funding pools -- the recurring $750 million in economic development funds and $1.5 billion in Upstate Revitalization Initiative funds.

Three regions will receive awards from the Upstate Revitalization Initiative funds in the amount of $500 million each, funded $100 million per year for five years.  Those regions will not be eligible for ESD Capital Grants or Excelsior tax credits awarded in the 2015 competition.

For the remaining regions, those not receiving the $500 million, the three top performers will receive up to $30 million in ESD Capital Grants and up to $15 million in Excelsior tax credits.  The other four regions will receive up to $15 million in ESD Capital Grants and up to $15 million in Excelsior tax credits.

All ten regions are eligible for the remaining $530 million in other state agency funds.

Tim Lynn
(315) 766-2118
tim@centolellalaw.com