Economic Development Purposes Grants

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:

  • 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
  • Community facilities

Eligible Projects:

  • 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 cost. Working Capital
  • Marketing and advertising

Funding Source:
NYS Empire State Development (ESD)

Funding Amount:
Varies. May be loan or grant.

(518) 292-5200
625 Broadway
Albany, NY 12207
(716) 846-8200
95 Perry Street, Suite 500
Buffalo, New York 14203

More Information: