PUTNAM POSTING: Consolidated Funding Applications, 2017 Edition

Jennifer Maher | May 9, 2017

“CFA” has been a buzzword in state politics for awhile, yet few seem to understand it or what it means.

With the process now in its seventh year, the New York State website states, “The CFA (or Consolidated Funding Application) process marks a fundamental shift in the way state resources are allocated, ensuring less bureaucracy and greater efficiency to fulfill local economic development needs. Utilizing the CFA serving as the single entry point for access to economic development funding, applicants will no longer have to slowly navigate multiple agencies and sources without any mechanism for coordination…”

Especially in Putnam County there are questions as to the real effectiveness of the program. We have seen small amounts of money coming into the county, but simply not enough. It seemed easier to bring New York State money home to Putnam County under the old system, despite its flaws and allegations of corruption.

This year’s REDC initiatives will award more than $800 million across the 10 economic development regions of the state, including up to $225 million in performance based grants and tax credits from Empire State Development, and about $575 million from two dozen state agency programs. The state is emphasizing the life sciences, workforce development strategies (including collaboration with industry and educational institutions), implementation of area strategic plans with buy-in from local stakeholders (business, education, local governments, not-for-profits, etc.) and offering additional incentives to encourage such action.

The only information session for those considering the 2017 round of CFA grants to be held in Putnam County will be on Monday, May 22, 2017 at 9 a.m. at the Putnam County Training Operations Center, Donald Smith Campus, 112 Old Route 6, Carmel. Attendees will hear this years’ current criteria, receive direction in successful preparation for their project and have questions answered by the New York State’s Mid Hudson’s Regional Office Director Meghan Taylor and Putnam County’s agent, Eric Warren.

Please let the Putnam County Chamber of Commerce know if you are attending the event, as seating is limited. Please call (845) 228-8595 or email at info@putnamchamberny.org.

Jennifer Maher served as the 2015 vice president of the Hudson Gateway Association of Realtors and currently serves as the vice president of the Hudson Valley Chapter New York State Commercial Association of Realtors and chairwoman of the Putnam County Chamber of Commerce.

Jennifer Maher
Jennifer Maher is the founding chairwoman of the Putnam County Business Council and is COO of J. Philip Real Estate.