Economic Development Documents


Empire State Development recently announced the launch of this year’s Regional Economic Development Council (REDC) application process. ESD will be holding Consolidated Funding Application (CFA) workshops for potential applicants to learn more about the application process for Round V of the REDC, Governor Andrew M. Cuomo’s initiative to stimulate job creation and economic growth throughout the state.

Green Bank

NY Green Bank aims to enable greater private investment in New York State’s growing clean energy economy by opening up financing markets and expanding availability of capital. Through innovative financing solutions and strategic partnerships with private sector intermediaries, NY Green Bank seeks to significantly accelerate the deployment of commercially proven clean energy technologies, along with the associated public benefits, throughout New York State. NY Green Bank is a part of Governor Andrew M. Cuomo’s strategic statewide plan to scale up clean energy, enhance New York State’s competitiveness for clean energy businesses, and make energy systems more resilient and reliable.

To learn more about the NY Green Bank visit  For additional information the State’s incentive programs, visit the NYSERDA website or check with local utilities. Visit the official New York State Business First portal for more information on doing business in New York.


START-UP NY  is Governor Cuomo’s initiative to transform campuses and university communities across the state into tax-free communities for new and expanding businesses. Business will be able to locate in these zones and operate 100% tax-free for 10 years.

  • No income tax.
  • No business or corporate state or local taxes.
  • No sales tax.
  • No property tax.
  • No franchise fees.

Businesses will have access to resources of world-class higher education institutions, including industry experts and advanced research laboratories. Universities and colleges will become tax-free communities that provide their students and teachers access to real-world, cutting edge business experiences.  Learn more about the program at

Storage, software and solar combine to save ShoEi Foods $72,000 annually (9/1/2013)
Economic Impact Study

Broad economic, environmental,regulatory and technology trends are driving increasing interest in energy storage technologies and rapid growth in energy storage markets in all regions of the globe.The market for energy storage is driven by a variety of complex and interconnected factors. The rate of adoption of new energy storage technologies and the timing of market growth varies significantly by application, geography and location of use. Competitive value propositions, in terms of performance and cost, are critical to achieving high levels of market penetration in every application.

Local Economic Development Programs in New York

NYSEDC's 900 members work to build vibrant, diverse, and sustainable communities throughout New York State.

New York Economic Development Programs and Resources
Upcoming Focus Areas for NYSERDA Investment

a new funding opportunity from the Technology and Business Innovation program at NYSERDA. PON 3249, Advanced Clean Energy (ACE) Exploratory Research Funding, seeks proposals to support inspired, innovative, and disruptive thinking about technologies and business models that will transform New York State’s energy landscape. The ACE funding will guide NYSERDA in developing focused technology or proof-of-concept research that is not currently supported by, or eligible for, other NYSERDA funding opportunities.

There is approximately $3 million available. To be eligible for funding, the proposed research:

  • Must support Clean Energy Fund goals:
    • Reduce taxpayer collections
    • Drive economic development
    • Accelerate the use of clean energy and energy innovation



Proposers must first submit a concept paper. NYSERDA will evaluate each concept paper and invite selected applicants to submit a full proposal. Only selected applicants can submit a full proposal.

Additional information regarding the full proposal requirements and evaluation criteria can be found here. Applications will be accepted through November 30, 2018, or until all funds are committed.

If you have questions concerning this solicitation, please contact Richard Drake, (518) 862-1090 ext. 3258 (


Utility Economic Development Programs

Assistance and incentive programs. We offer incentives in the form of rate discounts and funding assistance to help make upstate New York an attractive place to do business. We intend to play a viable role in encouraging business to remain in New York State and to attract new companies to our region. New York State and regional assistance is also available. 


CAIR Annual Report 2009-10.pdf New York State’s regulations that implement the federal Clean Air Interstate Rule (CAIR) programs to control nitrogen oxide (NOx) emissions are set forth at 6 NYCRR Parts 243 and 244. Funds provided through this source have been used to establish the New York Battery and Energy Storage Technology (NY-BEST) Consortium ™. This report contains an accounting of CAIR proceeds, expenditures, program metrics, and a summary of program activities and implementation regarding NY-BEST. (6/17/2010)