2026 REDC Initiative
Closed State & local contract opportunity Posted
- Solicitation number
- 2136186
- State
- New York
- Responses due
Opportunity facts
- Point of contact
-
- Bridget O'Brien bridget.obrien@esd.ny.gov (585) 339-7063
Updated .
About this opportunity
New York State, through eight participating agencies (Empire State Development, NYS Canal Corporation, NYS Energy Research and Development Authority, Homes and Community Renewal, New York Power Authority, Office of Parks, Recreation and Historic Preservation, Department of Environmental Conservation, and Department of State), is administering the 2026 Regional Economic Development Council (REDC) Initiative consolidated funding application with a deadline of July 31, 2026 at 4:00 PM EST for most programs. The initiative distributes $135 million in core capital and tax-credit funding, with total available resources exceeding $396 million across all participating agencies.
Eligible applicants include for-profit and not-for-profit organizations, municipalities, counties, business improvement districts, and research institutions, subject to program-specific restrictions. Projects must align with each region's strategic plan and fall into categories including business investment, economic growth investment, tourism, strategic planning and feasibility studies, childcare facilities, affordable housing, parks and recreation, waterfront revitalization, environmental sustainability, and energy efficiency. Minimum project costs range from $50,000 for Market New York marketing initiatives to $100,000 for most other programs. Applicants must demonstrate 10 percent equity contribution and secure additional leverage funding, with typical cash-match requirements of 50 percent.
All projects are subject to MWBE participation goals of 30 percent and service-disabled veteran-owned business (SDVOB) goals of 6 percent. Awards require performance reporting, job creation or retention commitments verified through NYS Form 45, and compliance with New York State Executive Law Articles 15-A and Veterans' Services Law Article 3. Funding is disbursed in arrears upon completion of eligible expenditures, and pro rata recapture applies if funded property is sold within five years.
Empire State Development administers the largest portion with up to $84.875 million for regional capital funds, business incubators, market initiatives, and planning studies. The NYSERDA Building Cleaner Communities Competition carries an August 14 deadline; the Excelsior Jobs Program and Community Development Block Grant Open Round operate on open enrollment.
Opportunity text
This year Regional Councils will maintain their focus on implementing each region's strategic plan and continue to identify and invest in significant economic development projects. The 2026 REDC Initiative includes core capital and tax-credit funding that will be combined with a wide range of agency programs through the CFA process. The core funding includes $135 million in grants and tax credits to fund high value regional priority projects, as well as additional funding from state agencies available to support community revitalization and business growth consistent with the REDC plans. This year, there are programs available through 8 state agencies for the REDC Initiative, including Empire State Development; NYS Canal Corporation; NYS Energy Research and Development Authority; Homes and Community Renewal; New York Power Authority; Office of Parks, Recreation and Historic Preservation; Department of Environmental Conservation; and Department of State. In an effort to provide the most appropriate state resources through this process, participating agencies will be able to review and potentially provide funding to a project that did not specifically apply to that program, if the materials submitted at time of application satisfy the requirements for that program and allow for fair review under the circumstances. In addition, all programs contained in this document will use regional distribution standards to ensure projects are funded throughout the state, to the extent possible. This document outlines information about each agency's grant programs, including eligibility, scoring criteria, applicant requirements, and agency contact information for programs that are part of the 2026 REDC Initiative. Please be advised that all CFA grants are subject to the New York State Executive Law Articles 15-A and Article 3 of New York State Veterans' Services Law, which requires, where applicable, an obligation under the law to promote opportunities for maximum feasible participation of certified minority and women-owned business enterprises (MWBEs) and service-disabled veteran-owned businesses (SDVOBs) in the performance of ESD projects. Recipients shall be required to use Good Faith Efforts (pursuant to 5 NYCRR §142.8 and 9 NYCRR § 252.2(m) to achieve MWBE and SDVOB Participation. In addition, ESD's MWBE and SDVOB Participation/Equal Employment Opportunity Policy will apply to this project. Business enterprises awarded an identical or substantially similar procurement contract within the past five years: None Service-Disabled Veteran-Owned Business (SDVOB) SDVOB Goal: 6.00% Minority / Women Business Enterprise contracting goals (MWBE) Total MWBE Goals: 30.00%
Files
| File | Type | Posted |
|---|---|---|
| 2026 Available CFA Resources.pdf |
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