Regional Economic Development Councils Initiative Round VII

April 26, 2017

Round VII of the Regional Economic Development Councils (REDC) initiative was announced. The Consolidated Funding Application (CFA) will be opened to applicants on Monday, May 1 with a deadline of Friday, July 28 at 4 p.m.  As part of Round VII, up to $800 million in state economic development resources is being made available.  In order to be considered for an award, you must complete the online CFA through New York State.
As in years past, Capitalize Albany Corporation will continue its role as a local coordinator for potential applicants, assisting with required letters of support from the Mayor and supporting resolutions from the City of Albany Common Council.  Additionally, we can work with prospective applicants to make their projects as competitive as possible by ensuring that the anticipated project meets local goals established in community planning efforts, is shovel ready and fully describes how it is regionally impactful. If you have any questions or if you would like assistance please email [email protected]

A local workshop will occur on May 1 at the Empire State Plaza Convention Center in Albany and it’s recommended for anyone interested in applying for funding, to register click here.

For more information, the 2017 REDC Guidebook and list of available resources can be found at

The CFA will open to applicants on Monday, May 1, and the deadline for applications is Friday, July 28, 2017 at 4 p.m. Applications submitted after the deadline will not be accepted. For applicants, the CFA is available at