New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter L - New York State Urban Development Corporation
Part 4211 - Regional Economic Development Partnership Program
Section 4211.1 - Purpose and types of assistance

Universal Citation: 21 NY Comp Codes Rules and Regs ยง 4211.1

Current through Register Vol. 46, No. 12, March 20, 2024

(a) These regulations set forth the framework for the administration by the New York State Urban Development Corporation (the Corporation) of the Regional Economic Development Partnership Program (together with all funds appropriated and reappropriated therefor, hereinafter referred to as the REDPP or the program) which is authorized by section 16-e of the New York State Urban Development Corporation Act. The REDPP is intended to provide coordinated and comprehensive economic development assistance tailored to the particular needs of eligible companies, industries and economic development regions throughout the State. The REDPP is further intended to promote the general welfare and prosperity of the State's citizens through a comprehensive effort to strengthen the State's economic future and to provide new economic opportunities for the State's citizens.

(b) The following types of assistance are available under the REDPP:

(1) business development project loans and grants;

(2) tourism destination project loans and grants;

(3) business infrastructure project loans and grants;

(4) tourism destination infrastructure project loans and grants;

(5) infrastructure investment project grants;

(6) infrastructure planning project grants;

(7) child care assistance project loans and grants;

(8) economic development assistance project grants;

(9) skills training project grants;

(10) revolving loan trust fund account grants; and

(11) regional strategic planning grants.

(c) The provisions of sections 10 and 16(2) of the New York State Urban Development Corporation Act shall not apply to any project or assistance funded through the REDPP.

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