Governor Kathy Hochul has announced a substantial investment in New York’s economic development, with over $57 million awarded to various businesses, nonprofits, and municipalities across the state.
This funding, part of Round XIII of the Regional Economic Development Council (REDC) Initiative, will support 238 projects. The initiative encompasses the Empire State Development Grant Funds and the Excelsior Jobs Program tax credits. Governor Hochul emphasized the commitment to growing communities, job creation, and boosting local economies through these strategic investments.
This round of REDC funding includes two new micro-grant programs: the Craft Beverage Micro Grant Program and the Not-for-Profit Capital Grant Program. These programs will distribute over $9.7 million to support 170 craft beverage manufacturers and nonprofits across the state. The majority of the local awardees are beneficiaries of the craft beverage program, with 39 winners spanning counties such as Cayuga, Ontario, Schuyler, Seneca, Steuben, Tompkins, Wayne, and Yates.
Cayuga
- Heirloom Cider Company: $50,000
- Prison City Brewing LLC: $50,000
- Colloca Estate Winery: $50,000
- Shepherds Brewing Company: $25,000
- Olfactory Farm: $44,000
- Aurora Brewing Co: $31,505
- Combgrown Mead: $33,474
Ontario
- Frequentium Brewing: $50,000
- Hollerhorn Distilling: $30,000
- Inspire Moore Winery Vineyard: $47,500
- Ardennes Brewing LLC: $49,735
- Birdhouse Brewing Company: $50,000
- Forking Paths Vineyards: $50,000
- Ontario County Arc: $65,000
Schuyler
- Finger Lakes Distilling LLC: 47,750
- Damiani Wine Cellers LLC: $50,000
- Lakewood Vineyards: $50,000
- McGibbs Inc: $25,000
- Flatt Rock Wine Cellars: $50,000
- Finger Lakes Gateway Community Development Corporation: $100,000
Seneca
- Hosmer Inc: $50,000
- Seneca Cove, Inc: $50,000
- Martin’s Honey Farm and Meadery: $48,500
- Growling Beer Corporation: $31,059
- Wagner Business Operations: $50,000
- Osmote Wine LLC: $45,000
- Three Brothers Wineries & Estates: $48,500
Steuben
- HP Hood LLC: $250,000
- HP Hood LLC: 150,000
- Tub Town Brewing LLC: $50,000
- Dr Konstantin Frank Winery: $50,000
- Steuben Brewing Company: $50,000
- Living Roots Wine & Company LLCL $49,775
- FLX Grapes LLC: $50,000
- YMCA of Hornell: $100,000
Tompkins
- Cornell University: $625,000
- Tompkins: Wild Nectar Mead LLC: $37,500
Wayne
- Young Sommer Winery: $49,854
- Ten Decade Enterprises: $50,000
- Town of Macedon: $150,000
- Village of Newark: $150,000
Yates
- Paco Palace LLC: $125,000
- Giving Tree Cidery: $50,000
- Glenora Wine Cellars: $50,000
- Fox Run Vineyards: $36,750
- A and M Hiller LLC: $35,000
- Frost Wines LLC: $50,000
The funding allocation highlights a diverse range of recipients in these counties, with grants awarded to entities like Heirloom Cider Company, Prison City Brewing LLC, and Colloca Estate Winery in Cayuga, as well as other notable businesses and organizations across the region. For instance, Ontario County recipients include Frequentium Brewing and Birdhouse Brewing Company, while Schuyler County’s Finger Lakes Distilling LLC and Damiani Wine Cellars LLC also received significant funding.
This financial support is expected to catalyze growth and innovation in various sectors, aligning with New York State’s goals of fostering economic development and community resilience.
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