Economic Development District

US EDACertified by the U.S. Dept. of Commerce as an Economic Development District (EDD) in 1987, CDRPC receives annual grants from the Economic Development Administration (EDA) for Regional economic planning. The inclusion of the four counties in the EDD also allows them to be eligible for EDA technical assistance and public works grants.

EDA financial support materially assists the Planning Commission in the collection and publication of demographic and economic data and information for the Region.

Comprehensive Economic Development Strategy

CDRPC assisted the Port of Albany in obtaining an EDA grant for this mobile harbor crane.

CDRPC is responsible for developing and maintaining a continuing planning process for Regional economic development pursuant to federal guidelines set forth by the Economic Development Administration.  As part of its ongoing planning and research functions, CDRPC maintains Regional economic and demographic databases which provide the basic information necessary for economic analysis.

A federal Comprehensive Economic Development Strategy (CEDS) is designed to bring together the public and private sectors in the creation of a plan to strengthen and diversify a regional economy.  The Capital District CEDS is developed by analyzing the regional economy and based on that information, serves as a guide for establishing regional goals and objectives, developing and implementing a regional plan of action, and identifying investment priorities and funding sources.

Our region’s CEDS is the result of a continuing economic development planning process which includes broad-based and diverse public and private sector participation.  It identifies the goals and objectives necessary to address our region’s economic development challenges and identifies the metrics of success. The CEDS also provides the region with a useful benchmark by which a regional economy can evaluate opportunities with other regions in the national economy.

The current CEDS can be viewed here.

FY2018 Disaster Supplemental Notice of Funding Opportunity

The Economic Development Administration (EDA) has published the Fiscal Year 2018 (FY2018) Disaster Supplemental Notice of Funding Opportunity (NOFO) making $587 million available to eligible grantees in communities impacted by natural disasters in 2017.

Current Closing Date for Applications: There are no application deadlines and the agency will accept proposals on a rolling basis until the publication of a new Disaster Supplemental NOFO, cancellation of this NOFO, or all funds are obligated.

FY 2017 Economic Development Assistance Programs

Under the current Federal Funding Opportunity (FFO), the EDA is accepting proposals from applicants in rural and urban areas to provide investments that support construction, non-construction, technical assistance, and revolving loan fund projects under EDA’s Public Works and EAA programs. Grants and cooperative agreements made under these programs are designed to leverage existing regional assets and support the implementation of economic development strategies that advance new ideas and creative approaches to advance economic prosperity in distressed communities. EDA provides strategic investments on a competitive- merit-basis to support economic development, foster job creation, and attract private investment in economically distressed areas of the United States.

Current Closing Date for Applications: There are no submission deadlines under this opportunity. Proposals and applications will be accepted on an ongoing basis until the publication of a new EDAP NOFA.

The complete FFO can be viewed here.

For more information, contact:

Sean MaguireSean M. Maguire, AICP AZS
Director of Economic Development
(518) 453-0850