2026 REDC Initiative - Economic Development Grants

New York State is seeking applications for the 2026 REDC Initiative, offering grants and tax credits to fund regional priority projects focused on economic development, community revitalization, and business growth.

Empire State Development


General
Open
TBD
Jul 31, 2026 04:00 PM
Jun 15, 2026 12:00 PM
$135,000,000.00
Grant
State
Original Solicitation Links
Description

New York State, through its Regional Economic Development Councils (REDCs), is launching the 2026 REDC Initiative. This program aims to fund high-value regional priority projects by combining capital and tax-credit funding with various state agency programs. The initiative focuses on implementing regional strategic plans to drive economic growth, community revitalization, and business expansion across the state. Funding is available through eight state agencies, 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. Projects will be evaluated based on their alignment with regional strategic plans, economic impact, community benefits, job creation, and alignment with statewide economic growth priorities. Specific programs include Regional Council Capital Funds, Strategic Planning & Feasibility Studies, Excelsior Jobs Program, Market New York, NY KICKS Program, and various environmental and community development grants. The initiative also emphasizes participation from certified minority and women-owned business enterprises (MWBEs) and service-disabled veteran-owned businesses (SDVOBs), with specific goals for their involvement in ESD projects.

Classification Codes
NAICS926110Administration of General Economic Programs
PSCAB93OTHER COMMUNITY SERVICES AND DEVELOPMENT - ADVANCED DEVELOPMENT
Smart Codes
economic development grantscommunity revitalization fundingstrategic planning assistance
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