New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter L - New York State Urban Development Corporation
Part 4249 - Downstate Revitalization Fund Program
Section 4249.3 - Types of assistance
Current through Register Vol. 46, No. 12, March 20, 2024
The program offers assistance in the form of loans and/or grants to for-profit businesses, not-for-profit corporations, public benefit corporations, municipalities, and research and academic institutions, for activities including, but not limited to, the following:
(a) support for projects identified through collaborative efforts as part of the overall growth strategy for the local economy, including, but not limited, to smart growth and energy efficiency initiative; and intellectual capital capacity building;
(b) support for the attraction or expansion of a business including, but not limited to, those primarily engaged in activities identified as a strategic industry and minority-owned and women-owned business enterprises as defined by subdivisions (c) and (f) of section 957 of the General Municipal Law and section 310 of the Executive Law;
(c) support for land acquisition and/or the construction, acquisition or expansion of buildings, machinery and equipment associated with a project; and
(d) support for projects located in an investment zone as defined by paragraph (i) of subdivision (d) of section 957 of the General Municipal Law.
