Under New York’s FAST NY Shovel-Ready Grant Program, Empire State Development will provide up to $200 million in grants to prepare and develop sites statewide to jumpstart New York’s shovel-readiness and increase its attractiveness to large employers, including high-tech manufacturing, particularly semiconductor manufacturing, interstate distribution and logistics businesses.
Donor Name: New York State Empire State Development
State: New York
County: All Counties
Type of Grant: Grant
Deadline: Ongoing
Size of the Grant: Up to $200 million
Details:
Objective
Under the Program, ESD provides grants for pre-development activities and infrastructure investments to develop sites that will attract many eligible industries —including, but need not be limited to, high-tech manufacturing, clean-tech renewable energy, life sciences, agribusiness, optics, transportation equipment, materials processing, industrial machinery manufacturing and other advanced manufacturing. These sites can also be used for interstate distribution and logistics. However, ESD may give priority to semiconductor manufacturing projects and related industry and supply chain projects. The Program further provides ESD the ability to award a “FAST NY Shovel-Ready Certification,” for sites that meet high standards of shovel readiness, to support and enhance their marketing efforts to attract many more industries.
- Track A – FAST NY Shovel-Ready Certification
- This no-cost designation by ESD for site-marketing purposes establishes that the applicant has worked proactively with New York State (the “State”) to address all major permitting issues prior to a business expressing interest in the location.
- Track B – FAST NY Pre-Development Grants
- Working capital grants of up to $500,000 per site will be awarded to fund the cost of necessary pre-development site planning and reviews for future shovel-ready sites.
- Grants will fund necessary costs to assist grantees in completing pre-development activities, such as those required for FAST NY Shovel-Ready Certification.
- Track C – FAST NY Infrastructure Improvements
- Capital grants will be awarded to improve the shovel-readiness of existing, mature sites by funding infrastructure improvements such as water, sewer, transportation, electricity, gas and other capital-eligible site improvement costs.
- Competitive grant awards will be available to sites that have substantially met the requirements of FAST NY Shovel-Ready certification.
Funding Information
Up to $200 million will be made available for capital grant funding, of which up to 10% may be allocated for working capital grant.
Eligibility Criteria
- Eligible Applicants:
- Municipalities – a municipal subdivision that is a county, city, town, or village in New York State
- Municipally designated non-profit economic development organizations – New York State-based nonprofit economic development corporations designated to act on the behalf of the municipality in which the site is located.
- Municipally designated Local Development Corporation/Industrial Development Agency – New York State-based nonprofit industrial development agencies and authorities designated to act on the behalf of the municipality in which the site is located
- Site Condition Eligibility:
- Sites must be at least 40 acres in size to be eligible for grant consideration. Exceptions may be made for smaller sites demonstrating compelling site assets or public benefits, including, but need not be limited to: proximity to intermodal transportation assets, such as transportation terminals; population centers; the possibility for brownfield redevelopment.
- Applicant must either
- have ownership or control of the site, or
- provide written consent from the ownership entity and, if different, the entity that has legal control of the site, to the application for FAST NY funding and, if awarded, agreeing to use FAST NY funds as outlined in the application.
For more information, visit NYSRSD.
