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Grant applications due June 16

Tuesday, June 10, 2014 - Updated: 8:06 AM

By PETE KLEIN

Express News Staff

INDIAN LAKE -- With the deadline fast approaching (June 16 by 4 p.m.) to submit a completed Consolidated Funding Application for grants in the fourth round of regional economic development councils funding, the North Country REDC held a meeting at the Indian Lake Theater June 4 to explain some of what is needed when applying for a CFA.

About 20 individuals from local businesses, not-for-profits and municipal governments listened to North Country REDC co-chairs Anthony "Tony" G. Collins, president of Clarkson University, and Garry Douglas, president of the North Country Chamber of Commerce; Jim McKenna, chief executive officer at the Regional Office Of Sustainable Tourism; and William Farber, chairman of the Hamilton County Board of Supervisors.

Collins was upbeat and hopeful, based upon the fact that the North County REDC has done well in the previous three rounds. In 2011 it won $90.2 million, in 2012 $103.2 million and in 2013 $81.3 million for a total of $274.7 million in funding for 222 projects.

$750M UP FOR GRABS

Round IV of the REDC initiative will award up to $750 million in state funding and tax incentives: $150 million in capital funds, $70 million in Excelsior Tax Credits and $530 million from state agency programs.

The competition this year will focus on the implementation of regional strategic economic development plans, performance in encouraging economic growth through job creation and investment, and identification of global marketing and export strategies.

The competition will be split into two parts: the five regions identified as Top Performers in 2013, which includes the NCREDC, will compete for two awards of $25 million each; and the five regions not identified as Top Performers in 2013 will compete for three awards of $25 million each.

The balance of the $25 million in capital funds will be divided among the remaining five regions. Each region will also be eligible for up to $10 million in Excelsior Tax Credits to help attract business and create jobs.

MATCH THE VISION

Collins said applications should match the Vision Statement adopted by NCREDC in 2011. It includes the following key points: energizing micropolitan cities; building on growth in the aerospace, transit equipment, defense, biotech and manufacturing industries; attracting and nurturing entrepreneurs; mobilizing the creativity, capacity and graduates of regional places of higher education; catalyzing the highest per capita rate of small business start-ups in the state; elevating global recognition of the region as one of the special places on the planet to visit, live, work and study; activating tourism as a pathway to diversify economies; propagating an agricultural revolution; and creating the greenest energy economy in the state.

Adirondack Teleworks, a winner of a $100,000 grant in 2013, was mentioned as an example of a project funded for its innovation and nurturing of entrepreneurial pioneers.

Some new points are pluses for hiring veterans and attracting international visitors. The important thing to keep in mind is the very real 4 p.m. deadline Monday, June 16, to submit a completed CFA.

For more information go to regionalcouncils.ny.gov/.

peteklein@hamiltoncountyexpress.com

     

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