Economic Development Purposes Grant

Available for economic development initiatives and projects that create or retain jobs, generate increased economic activity and improve the economic and social viability and vitality of local communities.

Eligible Recipients:
Eligible applicants include:

  • For-profit businesses;
  • Not-for-profit corporations;
  • Business improvement districts;
  • Local development corporations;
  • Public benefit corporations (including industrial development agencies);
  • Economic development organizations;
  • Research and academic institutions;
  • Incubators;
  • Technology parks;
  • Municipalities;
  • Counties;
  • Regional planning councils;
  • Tourist attractions; and
  • Community facilities.

Eligible Projects:
Funds can be used for:

  • Acquisition or leasing of land, buildings, machinery and/or equipment;
  • Acquisition of existing business and/or assets;
  • Demolition and environmental remediation;
  • New construction, renovation or leasehold improvements;
  • Acquisition of furniture and fixtures;
  • Planning and feasibility studies;
  • Site and infrastructure development;
  • Inventory;
  • Training;
  • Soft costs;
  • Working capital; and
  • Marketing and advertising.

Funding Source:
NYS Empire State Development

Funding Amount:
Up to $19.2 million


Empire State Development
633 Third Ave.
New York, NY 10017

More Information: