The governor highlighted several projects from this round of funding including:
Lowville Producers Dairy Cooperative, Inc., which received a $1.3 million ESD grant and a $500,000 Excelsior Jobs tax credit to purchase, renovate, and operate the Queensboro dairy-processing plant in Canastota. The $6.6 million project will create 16 new jobs.
Stark Truss Company, Inc., which received a $100,000 ESD grant and a $200,000 tax credit to build a new manufacturing facility in Griffiss Business and Technology Park in Rome. The wood-components manufacturer and supplier will create 13 new jobs with the $2.3 million project.
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It’s Time for Your Business to Think About Year-End Tax Planning
As the year-end approaches, it’s time to take proactive steps to help lower your business’s taxes for 2024 and beyond. Deferring income and accelerating deductions to minimize taxes can be
“They are family. They would never do that!” Our guard comes down as it is hard to imagine a family member capable of business fraud. Unfortunately, that is when the
The Treehouse Hourly Child Care, LLC, which received a $170,000 ESD grant to purchase and renovate a building to expand its daycare services in Watertown. The project total is $850,000.
The full list of funding recipients for this round is available online at https://regionalcouncils.ny.gov/sites/default/files/2022-11/REDC_Round_12_Award_Bookelt.pdf.
To date, the REDC initiative has awarded more than $7.8 billion to projects that created more than 9,600 new jobs.
The application for ESD grant funds remains open with applications reviewed on an ongoing basis.
Applicants with shovel-ready projects that align with the state and their region’s economic-development priorities can apply through the consolidated funding application online at apps.cio.ny.gov/apps/cfa/.
The state’s 10 regional councils are public-private partnerships made up of local experts and stakeholders from business, academic, local government, and non-government organizations.
