CLIENT ALERT: NYS Offers 150M Incentives Tax Credits & Grants

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On May 15, 2023 – New York State Governor, Kathy Hochul announced the 13th Round of the Regional Economic Development Council (“REDC”) Initiative.

This round includes up to $150 Million worth of capital grants, tax credits, and other financial assistance programs available to projects on a continuous basis.

The Governor is encouraging the Councils to support projects that advance New York State priorities, including, but not limited to sustainable development, childcare, and public-private partnerships.

Additionally, the 13th Round includes two new funding programs designed to support nonprofit organizations and the craft beverage industry. To learn more about our Economic Development and Tax Incentives Law practice, click here.

Curious if these REDC opportunities or your project may be eligible for financial assistance, please contact Steve Malito or Nicole L. Weingartner  — or call them at (518) 465-8230.